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  • Man Gets 4 Months For Poaching Geoducks

    geoducks basketA Port Orchard man has been sentenced to four months in prison after illegally harvesting 300 pounds of geoduck from the Olympia area and dumping them near Port Orchard. The Olympian reports the conviction of 27-year-old Matthew R. Petersen on… Read More +

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  • BNSF Cleaning Up Diesel Spill In Pasco

    oilspillWashington's Department of Ecology says BNSF Railway worked quickly to contain a diesel spill on tracks near the Pasco and McNary dam near the Columbia River. BNSF spokesman Gus Melonas says a BNSF freight train bound from Pasco to Seattle struck… Read More +

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  • 4 Homers Propel Mariners Over Astros 10-5

    marinersSDustin Ackley hit two solo homers, and Mike Zunino and Kyle Seager each hit three-run shots in a seven-run fourth inning as the Seattle Mariners cruised to a 10-5 win over the Houston Astros on Friday night. Ackley homered in the third and eighth innings for his second career multihomer game for the Mariners, who entered the day one game back for the second AL wild card spot.

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Syria Fears Lead to Triple-Digit Slide on Wall Street

b_250_0_16777215_00_images_obgrabber_2013-08_78ada5b020.jpgHemera/Thinkstock(NEW YORK) -- Fears over a potential military strike against Syria rippled through the markets Tuesday, sending stocks sharply lower for the second straight day. The Dow Jones Industrial Average closed down 170 points at 14,776. The blue chips index is now at a two-month low and over the last month it’s dropped close to five percent.

Stocks bounced in earlier trading when the Conference Board's consumer confidence index for August increased slightly. It had been expected to fall from its 80.3 level in July.

The S&P 500 and Nasdaq also posted major declines. The S&P fell more than one and a half percent and the NASDAQ closed off over two percent.
 
The impact wasn’t just in stocks Tuesday. Oil surged almost $3 a barrel. Gold rose sharply, too. It's now up 20 percent since the middle of June.
 
Investors are worried that an attack on Syria could make the already-unstable Middle East even more unstable, and it could also potentially disrupt the flow of oil from the region. Additionally, military action could rekindle terrorism fears here at home and around the world.
 
None of this news is helping to settle the nerves of a jittery market -- one that’s already worried that next month the Federal Reserve will pull back on its massive bond-buying stimulus program and a market worried that housing recovery could stall now that mortgage rates are rising.

Copyright 2013 ABC News Radio

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