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News arrow News arrow Business arrow Business Briefcase published Wednesday, Oct. 7, 2009

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Business Briefcase published Wednesday, Oct. 7, 2009

The Edward Jones office of Kevin Moerke in Harbor is hosting the monthly Brookings-Harbor Chamber of Commerce membership mixer at 5:30 p.m. Friday, Oct. 9.

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Preview the bear statues of the BruinFest in a special event Saturday afternoon, Oct. 10, at Evergreen Federal Bank in downtown Brookings. All bears will be at the bank except for the artist bear and her cub, which will be joining the Second Saturday Art Walk along Art Walk Alley next to the Curry Coastal Pilot, co-sponsor of BruinFest.

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Feeling overwhelmed by financial stress? Chetco Federal Credit Union is offering a free “Steps to Financial Freedom” workshop at 4:30 p.m. Wednesday, Oct. 15, at the Brookings Inn Resort. It’s open to the public; just call 541-469-7700, ext. 1083, for reservations.

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 Look for a new Winter Farmers’ Market, scheduled for Fridays beginning Nov. 6 at the Chetco Grange Hall in Harbor, and sponsored by the grange. To participate, contact Market Manager Kathleen Dickson at 541-813-1136.

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Look at the Pilot ad for the free events, lectures and classes at South Coast Fitness Center – from self defense through Zumba dancing. Call 541-469-7118 for information.

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The three Dutch Bros. Coffee locations in Brookings and Crescent City, Calif., said thank-you to customers by offering $1 drinks last week. The Brookings and Crescent City stores were recently taken over by new local franchisee Tony Jantzer, a Dutch Bros. Coffee veteran who has worked in a variety of positions.

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Curry County jobless figures for August were 12.4 percent, or 1,253 people out of a workforce of 10,085. The best news was that there were 127 more jobs in the county between July and August.

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Do you have notes for the Pilot’s Business Briefcase? Send them to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , fax them to (541)469-4679, mail them to P.O. Box 700, or drop by the Pilot office at 507 Chetco Ave.

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Business News by Yahoo Finance

  • Asia stocks edge up on China rate cut, dollar index at 11-year high
    Asian stocks edged higher on Monday as China's weekend interest rate cut partially offset soft U.S. data, while the dollar hit an 11-year high against a basket of currencies. China on Saturday stepped up its easing tempo and cut its lending and deposit rates as the world's second largest economy tries to ward off deflation. Australian shares posted some of the biggest gains in Asia following the China rate cut, gaining 0.6 percent (.AXJO) after touching a seven-year peak as resource shares surged.
  • Near Fed majority backs June liftoff Yellen hasn't yet endorsed
    Janet Yellen's premium on consensus may lead to a Federal Reserve decision the chair hasn't yet endorsed, as a near majority aligns in favor of a possible June interest rate hike.     Seven of the Fed's current 17 members have now said they at least want the option of a June tightening on the table, or have pushed in general for an earlier increase amid an expectation that wages and inflation will turn higher.     The five members of the Fed's Washington-based board of governors, including Yellen, have spoken less definitively, though governors including Jerome Powell have said they expected strong job growth to continue. Not all of the seven who point to June vote this year on the Fed's ten-member policy setting committee, but all participate in policy discussions.
  • China February HSBC PMI at seven-month high
    Activity in China's factory sector edged up to a seven-month high in February but export orders shrank and deflationary pressures persisted, a private business survey showed, adding to the view that yet more interest rate cuts will be needed. Chinese policymakers are embarking on their biggest easing campaign since the depths of the global crisis as the world's second-largest economy is weighed down by a cooling property market, high debt levels and excess factory capacity. The People's Bank of China cut interest rates on Saturday, in the latest effort to support the economy as its momentum slows.

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