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Trump claims Iran “war pretty much complete,” oil prices rise and fall 30% in singe day (historic), SBA announced a new policy to ban foreign nationals and all noncitizens from accessing SBA-backed small business loans, Portland State declares financial emergency, Starbucks closing 5 Seattle stores, Washington voting on ‘millinoaire income tax.’
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PNW Market Look
As of market close 3.9.26
Amazon prime did not cut 3k jobs as mentioned yesterday
NIKE (NYSE: NKE) renews $1B 364‑day credit facility and ends prior line (StockTitan)
Tokenized Stocks Are Coming to a Market Near You: Five Things to Know (WSJ)
Headline Roundup
$42 million for OSU-Cascades part of legislative wins for Central Oregon (Bulletin)
Portland State declares financial crisis, reveals plan to cut or reduce 19 departments (OPB)
Facing $35 million deficit, Portland State considers eliminating or reducing 19 academic departments (ORLive)
Gensler out, Encore in, with 292 Kirkland units now dubbed Witt (DJC)
Montana health officials double down on summer launch of Medicaid work requirements (MTFP)
‘Absolutely ferocious’: Idaho introduces plan to repeal Medicaid expansion (IDS)
Trump administration wants to Make Oregon Logged Again, revving up decades‑old battles over big timber (ORLive)
Boeing’s recovery leads to higher executive — and employee — pay (ST)
OHSU Knight Cancer Institute wins approval to create separate nonprofit (PBJ)
Seattle utility to pay nearly $1B for fish passage on Skagit River under proposed agreement (CD)
(MT) After positive January, latest job report shows losses again (DM)
(OR) Lawmakers redirect $218M to avoid ODOT layoffs, deep service cuts amid gas tax battle (Koin)
Layoffs hit historic Seattle theatre as $7.5M deficit forces staff cuts (KIRO)
WA ‘millionaires tax’ proposal haunted by 1933 court decision (ST)
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Rip’s Spotlight
Warm Springs ends forest carbon project after wildfire damage; loss of $25 million (Bulletin)
“A forest carbon sequestration project that once generated millions of dollars for the Confederated Tribes of Warm Springs has ended after wildfire tore through more than half of the enrolled acreage, tribal officials say.
The project, launched in 2015 under California’s cap-and-trade program, protected roughly 22,000 to 24,000 acres of tribal forest east of Mount Jefferson. Over several years, it brought in about $25 million through the sale of carbon offset credits, tribal leaders previously said. But the 2020 Lionshead Fire burned much of the project area — killing entire sections of forest and eliminating much of the stored carbon that underpinned the agreement.
By the time it was extinguished, the fire had scorched more than 200,000 acres on and around the Warm Springs Reservation.
The loss ended what had been, for several years, one of the largest revenue sources for the Tribes. Payments were made through the California Air Resources Board in multiple tranches, with additional annual residual payments.”
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