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  • Life Sentence For Longshore In Shelton Double Homicide Case

    LongshoreSentence"Like many cases, these murders were the result of the defendant who, because they placed a higher premium on greed and drugs than human life, cruelly took two lives." This was the reasoning presented by Mason County Supreme Court Judge Toni Sheldon on Thursday as she sentenced Charles Longshore to life… Read More +

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  • Governor Proposes Capital Gains Tax For Washington

    inslee boeingThe governor is proposing a new capital gains tax to help address a projected state budget gap of more than $2 billion over the next two-year budget cycle. Gov. Jay Inslee says a new tax on the sale of stocks, bonds and other assets would raise nearly $800 million during the… Read More +

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  • Seahawks Sign K.J. Wright To Extension

    kjwrightThe Seattle Seahawks have signed linebacker K.J. Wright to a four-year extension, the team announced this afternoon. "In the offseason, we identified K.J. as one of our core players moving forward and aimed to keep him as a part of the Seahawks family for a long time," said Executive Vice President & General Manager John Schneider. "The timing of this signing gives us the ability to keep as many of our core players together as we possibly can.

    Read More
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Federal Reserve to Announce Reduction in Stimulus Program?

b_250_0_16777215_00_images_obgrabber_2013-09_25ca8b007e.jpgMark Wilson/Getty Images(WASHINGTON) -- The Federal Reserve on Wednesday is expected to make its first move toward slowing the economic stimulus that's been flowing since the financial crisis started five years ago. Following the Great Recession, the Fed implemented a bond-buying program to help give a lift to the economy.  The move kept interest rates as low as possible.

"The Federal Reserve came out and started buying mortgage-backed securities so as to give some sort of help in the housing market," Joe Deaux, an economics analyst for TheStreet.com, explains.

But that may all change on Wednesday, when economists predict the Fed will announce a new money policy.

"I think you're going to finally see some sort of drawdown -- how much, it's difficult to say," Deaux says.

He adds, "There are a number of people, including [Federal Reserve] Chairman Ben Bernanke, who've said, you know, at some point we do need to draw down these purchases, and -- and I think even the more dovish people will tell you that eventually yes, the Fed does have to do that."

Copyright 2013 ABC News Radio

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WAStateLib
WAStateLib - Map lovers take note! RT @WADigitArchives: Explore our General #Map Collection and see the wonders of #WAstate! digitalarchives.wa.gov/Collections/Ti…

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WAStateLib - Yes please, I'll take two! From the October 15, 1920 Pullman Herald. 1.usa.gov/13hvhnn #ChronAm pic.twitter.com/6TGp5UHYgd

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