The English Village at the corner of Highway 101 and Benham Lane is
undergoing a transformation that will allow a number of entrepreneurs
to present art, crafts, collectibles, antiques, and property, as well
as beauty care at the HairPort Beauty Salon.
Emmie Yeiter, a 2008 graduate of Gold Beach High School, is preparing
for a summer internship with College Works Painting, a company that
trains college students to run their own summer business painting
Doubts about the health of Europe's economy dominated trade on its major stock markets on Thursday after a cautious message from the U.S. Federal Reserve did little to stem the dollar's charge to 10-month highs. A steady rise for the U.S. currency is the central story for global financial markets so far this month and a jump in U.S. economic growth reported on Wednesday extended the dollar's gains against the euro to 6 cents since early May. U.S. growth of 4 percent in annualised terms in the second quarter came at a time when poor company results and concerns over a still escalating situation in Ukraine have added to worries that Europe will take far longer to recover. "Despite some decent earnings from a number of blue-chips, the market is stuck in a range, with a number of negative catalysts including Argentina's default at the forefront of investors' minds," said Lionel Jardin, head of institutional sales at Assya Capital, in Paris.
The Federal Reserve on Wednesday reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the U.S. economy and expressed some comfort that inflation was moving up toward its target. After a two-day meeting, Fed policymakers took note of both faster economic growth and a decline in the unemployment rate, but expressed concern about remaining slack in the labor market. "Labor market conditions improved, with the unemployment rate declining further," the Fed said in a statement. "However, a range of labor market indicators suggests that there remains significant underutilization of labor resources."
Argentina defaulted for the second time in 12 years after hopes for a midnight deal with holdout creditors were dashed, setting up stock and bond prices for declines on Thursday and raising chances a recession could worsen this year. After a long legal battle with hedge funds that rejected Argentina's debt restructuring following its 2002 default, Latin America's third-biggest economy failed to strike a deal in time to meet a midnight deadline for a coupon payment on exchange bonds. "It is going to complicate life for businesses like YPF which were going to look externally for financing," said Camilo Tiscornia, a former governor of Argentina's central bank. State-controlled energy company YPF (YPFD.BA) needs funds to develop Argentina's huge Vaca Muerta shale formation.