01-27-2021  9:31 pm   •   PDX and SEA Weather
MLK Breakfast 2021 Watch Now
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NORTHWEST NEWS

Veteran Immunologist, Dean of HBCU Medical School, on Covid Vaccines

Dr. James Hildreth is an expert on engaging the Black community to overcome healthcare disparities.

Seattle-area Hospital System Rebuked After Offering Vaccine to Donors

Governor Inslee said, "We need to give everybody a fair shot at the vaccine … We’ve got to maintain public credibility in the system"

Police Find No Bias, Terror Motive in Portland Road Rampage

Police identified the driver as Paul Rivas of Oregon City. He was booked on initial charges of second-degree murder, assault and failure to perform the duties of a driver.

Mayor Ted Wheeler Decries Ongoing Violence

At a news conference Monday, Wheeler also said he had filed a police report about an “incident” that happened to him, but he did not elaborate

NEWS BRIEFS

BLM Seattle Demands Mayor Durkan Halt Bargaining With Seattle Police Officers Guild

The demand follows a storm of condemnation against SPOG President Mike Solan, who tweeted that the Black Lives Matter movement was in...

Everybody Reads Program to Hold Event with Author Ross Gay

Ross Gay, author of The Book of Delights will speak at a special event in April—free for people in financial hardship ...

The Mayor Turns 90: A Paul Knauls Celebration to be Held Friday, January 22

Albina legend Paul Knauls, Sr. will be celebrated with a virtual event featuring public officials, musicians, and community...

People For the American Way Supports Congressional Gold Medal for Officer Eugene Goodman

Goodman, a Black U.S. Capitol Hill police officer, diverted a white mob away from the unprotected Senate chambers during the violent...

St. Andrew Parish Announces 2021 Martin Luther King, Jr. Service Awards

The Community Service Award went to cameron whitten of the Black Resilience Fund ...

Oregon puts debate over race in vaccine rollout to test

PORTLAND, Ore. (AP) — The role that race should play in deciding who gets priority for the COVID-19 vaccine in the next phase of the rollout is being put to the test in Oregon as tensions around equity and access to the shots emerge nationwide.An advisory committee that provides...

Driver accused in Oregon road rampage pleads not guilty

PORTLAND, Ore. (AP) — A motorist accused of hitting pedestrians, bicyclists and killing a 77-year-old woman Monday in Portland, Oregon, has pleaded not guilty to murder and has given detectives bizarre explanations about the incident, according to court documents.Paul Rivas, 64, through a...

Ex-Cardinals coach Wilks new defensive coordinator at Mizzou

COLUMBIA, Mo. (AP) — Steve Wilks is returning to coaching as the defensive coordinator at Missouri.Wilks, who was hired by Tigers coach Eli Drinkwitz on Thursday, took last year off after spending the previous 14 seasons in the NFL. The stint was highlighted by a year as the head coach of...

Music City Bowl between Iowa and Missouri canceled

The Music City Bowl between Missouri and Iowa was canceled Sunday because COVID-19 issues left the Tigers unable to play.The game scheduled for Wednesday in Nashville, Tennessee, is the second bowl called off since the postseason lineup was set on Dec. 20, joining the Gasparilla Bowl. Overall, 18...

OPINION

Demos President K. Sabeel Rahman Issues Statement on Martin Luther King Jr. Day 2021

We see painful parallels between the America in which King lived and the present day ...

This is America: White Privilege, Black Lives Matter, and Violence at the Capitol

The violence we witnessed in the United States Capitol on January 6 is nothing new. ...

SPLC Action Fund President: Attempted Coup Displays Organized, Extremist Violence Plaguing the United States

Insidious racism took the form of an American president openly encouraging with “love” violent extremists ...

Commentary: Exit in Disgrace

Will Trump leave in the middle of the night, embarrassed by his four years of crude, rude, lying, and beyond belief incompetence? Or will he be escorted out by a secret service detachment? ...

AFRICAN AMERICANS IN THE NEWS

Oregon puts debate over race in vaccine rollout to test

PORTLAND, Ore. (AP) — The role that race should play in deciding who gets priority for the COVID-19 vaccine in the next phase of the rollout is being put to the test in Oregon as tensions around equity and access to the shots emerge nationwide.An advisory committee that provides...

San Francisco to strip Washington, Lincoln from school names

SAN FRANCISCO (AP) — The names of Abraham Lincoln, George Washington and other prominent figures including California Sen. Dianne Feinstein will be removed from 44 San Francisco public schools, a move that stirred debate Wednesday on whether the famously liberal city has taken the national...

Maryland Episcopal church commits 0,000 to reparations

(RNS) — A historic Episcopal church in Baltimore has committed to setting aside 0,000 to reparations, an initiative that will contribute to local racial justice causes.Memorial Episcopal Church also pledged to contribute an additional 0,000 for reparations and justice over five...

ENTERTAINMENT

Queen Latifah 'stoked' to land post-Super Bowl slot for show

LOS ANGELES (AP) — Queen Latifah thrives on going big. From writing and rapping at the start of her career to being an Oscar-nominated actress to producing, she has upended expectations for years. Her latest chapter comes in the new CBS series "The Equalizer” as the first Black woman...

NFL picks 3 honorary captains, Amanda Gorman for coin toss

NEW YORK (AP) — The NFL has selected three people who have served during the coronavirus pandemic as honorary captains for the Super Bowl along with inaugural poet Amanda Gorman for an original poem.Commissioner Roger Goodell announced Wednesday that educator Trimaine Davis, nurse manager...

In ‘Palmer,’ Timberlake embraces stillness of a broken man

NEW YORK (AP) — Justin Timberlake turns 40 this week and seemingly has the energy of a teenager, recently performing a new song for the inauguration celebration, welcoming a second son with wife Jessica Biel and starring in the new Apple TV+ film, “Palmer.” Timberlake plays...

U.S. & WORLD NEWS

At Sundance, pandemic dramas unfold on screen and off

NEW YORK (AP) — Peter Nicks had for months been documenting the students of Oakland High School, in...

The Hammer makes one last trip to spot where he hit No. 715

ATLANTA (AP) — The Hammer made one last trip to the spot where he hit No. 715. After a nearly three-hour...

Facebook Q4 results soar; Zuckerberg hits Apple over privacy

Facebook capped a tumultuous 2020 with soaring earnings in the final quarter, but the company forecast challenges...

'We owe this to them': Shoah survivors in vaccine spotlight

VIENNA (AP) — Hundreds of Holocaust survivors in Austria and Slovakia got their first dose of a coronavirus...

Auschwitz survivors mark anniversary online amid pandemic

WARSAW, Poland (AP) — A Jewish prayer for the souls of the people murdered in the Holocaust echoed...

New protests as Polish court seals divisive abortion ruling

WARSAW, Poland (AP) — New anti-government protests broke out in Polish cities Wednesday, shortly after the...

MLK Breakfast 2021 Watch Now
By Mark Thompson CNN

Gross domestic product across the 17-nation eurozone grew by 0.3 percent in the second quarter, according to official estimates released Wednesday. That's the first time the region has grown since the third quarter of 2011, and compares with a decline of 0.3 percent in the first quarter of 2013.

A rebound in the region's two biggest economies -- Germany and France -- and an easing of recession in the third and fourth largest -- Italy and Spain -- led the return to growth. The broader EU economy also emerged from recession, with growth of 0.3 percent in the quarter.

The German economy grew by 0.7 percent, after stagnating in the first quarter, while France bounced out of recession with growth of 0.5 percent, the fastest rate of expansion since early 2011 when Europe was battling to prevent a credit crisis tearing the single currency apart.

Both national numbers were stronger than most economists were expecting and pushed the overall eurozone reading above consensus forecasts for 0.2 percent.

Consumers and businesses are becoming more confident about spending and investing, thanks to the European Central Bank's cheap money policy and a more relaxed approach to austerity by governments trying to bring their borrowing down.

"The ECB's promise to defend the bond markets of reforming eurozone countries has sowed the seeds for the confidence recovery and is helping the ECB's ultra-low interest rate policy to gradually gain traction," said Christian Schulz, senior economist at Berenberg bank.

Exports are also beginning to recover despite a mixed performance in other major world economies, with trade contributing to growth in both Germany and France. Latest data from China and Japan show growth slowing, but the U.K. and U.S. economies are accelerating.

European markets found support from the data, with major stock indexes posting modest gains and the euro firming against the dollar.

But government bonds were little changed and economists cautioned that the second-quarter figure was boosted by a rebound in activity after a harsh winter and may have overstated the region's underlying health.

Eurozone GDP is still expected to shrink by about 0.6 percent this year, before growing modestly in 2014. However, there are still many headwinds that could easily throw a wrench into those predictions.

Unemployment may have stopped rising but remains at a record high and will continue to weigh on consumer spending. It could also cause political instability in southern European states such as Greece and Spain.

Some spending cuts and tax rises have been canceled or deferred but overall eurozone government debt is above 90 percent of GDP and rising, meaning tight budgets for years to come.

Credit conditions for households and businesses remain tight, particularly in the crisis-hit countries of southern Europe, and the slow pace of European banking reform will make for only a gradual improvement.

And four eurozone countries -- Greece, Portugal, Ireland and Cyprus -- are still dependent on rescue loans from the EU and International Monetary Fund.

Portugal has been struggling to meet the terms of its bailout but the country should find some relief after recording growth of 1.1 percent in the second quarter, the first expansion since the end of 2010 and the strongest rate in the EU.

However, Greece remains a big risk. The IMF identified an €11 billion funding gap in its bailout program, reviving talk of a possible second "haircut" for lenders.

 

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