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  • Belfair Sewer System – 20 Year Payoff Plan

    Neatherlin RandyCommission Neatherlin proposes a solution to pay off the notorious Belfair Sewer System, a system estimated to go broke by 2017 under the current financing assumptions. At Tuesday's briefing session, Commissioner Neatherlin with the aid of Budget Director Frank Pinter presented a recommended solution utilizing REET 1 & 2 Funds,… Read More +

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  • Inslee Proposes Cap On Carbon Pollution

    insleeJan14sosWashington Gov. Jay Inslee has proposed a cap-and-trade program that would require industrial polluters to pay for every ton of carbon they release. The Democrat outlined the program on Wednesday as part of a broader package to help the state reduce greenhouse gas emissions. Inslee says the plan would raise nearly $1… Read More +

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  • Mariners Acquire Justin Ruggiano

    RuggianoRHP Matt Brazis sent to Cubs in trade. RHP Logan Bawcom designated for assignment.SEATTLE, Wash. – Seattle Mariners Executive Vice President & General Manager of Baseball Operations Jack Zduriencik announced today the club has acquired outfielder Justin Ruggiano from the Chicago Cubs in exchange for minor league relief pitcher Matt Brazis. Ruggiano, 32, played 81 games with the Chicago Cubs last season,

    Read More
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Stocks Get Crushed: Time for ‘Seahawks Portfolio?’

b_250_0_16777215_00_images_obgrabber_2014-01_b4e6de64d0.jpgiStock/Thinkstock (NEW YORK) -- It’s been a rough week for your money. The Dow Jones Industrial Average fell every day this week with stocks sliding close to 600 points, the worst week for the industrial average since November of 2011. The Dow ended Friday’s session down 318 points, falling below the 16,000 mark to close at 15,879.11. The index fell 3.5 percent this week.

The other major averages also struggled and this week. The S&P 500 fell 2 percent Friday after having its worst week since last June, and the tech-heavy NASDAQ was off more than 2 percent.

So why are stocks falling out of bed in January after going up 30 percent last year?

Investors are worried about slowing economic growth in China and a host of other emerging markets. On top of that, there are concerns about the profit picture ahead for U.S. companies and fears about what will happen to stocks now that the Federal Reserve is winding down its economic stimulus program.

Still, despite this week’s sell-off and the rough start to 2014 most analysts are telling their retail clients to sit tight.

“Retail investors should do nothing at this point,” David Lutz, managing director at Stifel Nicolaus says. He adds that folks “should not panic and sell.”

But Veracruz’s Steve Cortes warns investors that in the near term they may want to “buckle up.” He says it’s time to have a Seattle Seahawks portfolio – that means defensive. For him a defensive portfolio is one that focuses on dividend stocks and U.S.-centric businesses. He adds that “2014 won’t be a repeat of the easy ride that was 2013.”

Copyright 2014 ABC News Radio

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