After a long run of strong spending, there are signs that consumers are beginning to slow down the pace of purchasing just a bit. U.S. retail sales fell 0.1% in October, the first decline since March. This is an indicator that inflation is easing – which is good news – but the timing is not ideal for small business owners who depend on holiday shopping to remain profitable.
The setting for the classic Christmas movie starring Chevy Chase, “National Lampoon’s Christmas Vacation,” is in a typical suburban community. Clark Griswold, played by Chase, decorates every foot of his home and front yard. However, when Griswold family flicks the “on” switch to share the light show with his family, the rest of the city’s lights wink out. It’s easy to envision Griswold extravaganzas nationwide draining the power grids.
Researchers are looking at how to convert everything from cooking oil to sewage waste into sustainable energy sources that can fuel airplanes and provide energy for communities.
The public power industry was organized by the communities we live in to bring electricity to the rural and vulnerable communities that investor owner power companies refused to serve.
Overly aggressive clean energy policies in Washington and Oregon have boxed many Northwest utilities into a corner by taking reliable technologies off the table before we have dependable carbon-free replacements like nuclear in place.
The widespread expansion of digital data centers, the energy-intensive nature of crypto mining, the growth of our manufacturing sector and an increasing population all contribute to a rising demand for electricity.
We continue to make progress on the Tri-Cities Reinforcement Project, which will significantly increase the amount of electricity that can flow into the local area. This program includes three power line upgrades, a suite of fiber and substation reinforcements and one new line called the South of Tri-Cities Reinforcement Project.
We become change-agents by first altering our own maps. We can change our attitude, work ethic, priorities and maturity. Self-leadership always precedes group leadership.
It’s a tough call – did the Tri Cities economy start with the year with a bang to end with a whimper? Or is it the reverse? A comparison of where things stood at the beginning and the end of this year leads to conflicting signals. Let’s first consider a couple national measures that influence the regional economy.
Saving up money for specific goals has been, for good reason and with good results, a healthy and beneficial habit to develop from childhood, from traditional piggy banks to allowances, from saving accounts to educational funds. Another valuable and rewarding tool might not spring to mind, but it pays rich rewards: a retirement fund, specifically a Roth IRA.
