On this day, May 5, 1903, James Beard, US culinary expert, author (Delights & Prejudices), was born in Portland, Ore.
Also on this day, May 5, 1945, A Japanese balloon bomb exploded on Gearhart Mountain in Oregon, killing Mrs. Elsie Mitchell, the pregnant wife of a minister, and five children after they attempted to drag it out the woods in Lakeview, Oregon. The balloon was armed, and exploded soon after they began tampering with it. They became the 1st and only known American civilians to be killed in the continental US during World War II.
Also on this day, May 5, 1945, Bly minister Archie Mitchell, his pregnant wife Elsie, and five children from Mitchell's Sunday school class were on a Saturday morning picnic. Thirteen miles northeast of Bly, or about sixty miles northeast of Klamath Falls, Mitchell parked the car, and Elsie and the children headed to Leonard Creek. Mitchell later remembered: "As I got out of the car to bring the lunch, the others were not far away and called to me they had found something that looked like a balloon. I heard of Japanese balloons so I shouted a warning not to touch it. But just then there was a big explosion. I ran up there--and they were all dead." It was a Japanese balloon bomb. They were 70 feet tall with a 33-foot diameter paper canopy connected to the main device by shroud lines. Balloons inflated with hydrogen followed the jet stream at an altitude of 30,000 feet.
There is simply no bar to a variety of tax increases
The Consumer Price Index experienced its largest 12-month increase in 30 years, evidence of rising inflation.
In the face of
record revenue, the Oregon Legislature raised or created several taxes during the 2021 session, led by House Speaker Tina Kotek. With a Democrat supermajority in both chambers and a Democratic governor, there is simply no bar to a variety of tax increases. This was on the heels of the crushing Corporate Activities Tax, which raises over $1 billion annually.
Ahead of the upcoming 2022 Legislative Session, House Republican Leader Christine Drazan (R-Canby) is warning against policies that will increase the cost of living in Oregon.
“Rising inflation will hurt Oregonians,†said Leader Drazan. “Our state budget is a runaway train, doubling in 10 years while raising the cost of living. With the shocking rise in inflation, I will oppose any bills that increase costs for Oregon families. Fiscal policies that dig into their pocketbooks to fill state coffers are going to push people out of their homes and out of our state. We should do everything we can to eliminate regulations that raise costs so families can keep their homes and jobs.â€
In its
September Economic Forecast the Oregon Office of Economic Analysis indicated that persistent inflation is a risk, and looks for help from federal monetary policy:
"In recent months inflation is running hot. Much of this can be explicitly tied to reopening sectors of the economy, or shortages in the automobile industry. However, even stripping away these likely temporary issues, the risk remains that underlying inflationary pressures will remain above the Federal Reserve’s target moving forward. Therefore the risks are not whether inflation will be above target or not – it already is – but what exactly the Fed is going to do about it."
--Bruce Armstrong| Post Date: 2021-11-12 10:30:04 | Last Update: 2021-11-12 10:32:37 |
