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Dec. 5, 2020

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Vancouver changed the parameters of its Multifamily Tax Exemption Program this week, tying its "affordability" requirement to the city's median income ($65,000) instead of the broader Portland-metro area ($92,000).

City of Vancouver looks to redefine ‘affordability’ in housing

Vancouver changed the parameters of its Multifamily Tax Exemption Program this week, tying its "affordability" requirement to the city's median income ($65,000) instead of the broader Portland-metro area ($92,000).

November 28, 2020, 6:05am Business

The city of Vancouver is planning to revise a tax exemption program designed to incentivize affordable housing, requiring developers to meet a more stringent definition of “affordability” in order to qualify. Read story

Jennifer Lindsay and her daughter Elsa, 11, talk with an Old Navy employee as they wait in a socially distanced line on Friday at Vancouver Mall. Black Friday shoppers were a bit less numerous than usual in the morning, but foot traffic picked up in the afternoon.

Vancouver shoppers enjoy more low-key Black Friday

Jennifer Lindsay and her daughter Elsa, 11, talk with an Old Navy employee as they wait in a socially distanced line on Friday at Vancouver Mall. Black Friday shoppers were a bit less numerous than usual in the morning, but foot traffic picked up in the afternoon.

November 27, 2020, 7:16pm Business

Pam Stout and Sheri Kerr began their Black Friday at 6 a.m., heading to Fred Meyer for its annual sock sale, and the two shoppers found a vastly different experience with no crowds. Read story

FILE - In this Tuesday, June 16, 2020 file photo, the sun is reflected on Apple's Fifth Avenue store in New York. In the years since Barack Obama and Joe Biden left the White House, the tech industry's political fortunes have flipped. Facebook, Google, Amazon and Apple have come under scrutiny from Congress, federal regulators, state attorneys general and European authorities.

For Big Tech, Biden brings a new era but no ease in scrutiny

FILE - In this Tuesday, June 16, 2020 file photo, the sun is reflected on Apple's Fifth Avenue store in New York. In the years since Barack Obama and Joe Biden left the White House, the tech industry's political fortunes have flipped. Facebook, Google, Amazon and Apple have come under scrutiny from Congress, federal regulators, state attorneys general and European authorities.

November 27, 2020, 2:45pm Business

WASHINGTON — The Obama-Biden administration was a charmed era for America’s tech companies — a moment when they were lionized as innovators, hailed as job creators and largely left alone. Read story

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Nov. 27, 2020. Asian stock markets declined Friday as questions about the effectiveness of one possible coronavirus vaccine weighed on investor optimism.

Stocks rise on Wall Street as S&P 500 hits record high

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Nov. 27, 2020. Asian stock markets declined Friday as questions about the effectiveness of one possible coronavirus vaccine weighed on investor optimism.

November 27, 2020, 11:45am Business

NEW YORK — The S&P 500 rose to a record high Friday as investors continue to look forward to the distribution of a COVID-19 vaccine and relief for the global economy. Read story

FILE- This combination of file photos shows the logo of Kia Motors during an unveiling ceremony on Dec. 13, 2017, in Seoul, South Korea, top, and Hyundai logo on the side of a showroom on April 15, 2018, in the south Denver suburb of Littleton, Colo., bottom.  Hyundai and Kia will spend $137 million on fines and safety improvements because they moved too slowly to recall over 1 million U.S. vehicles with engines that can fail. The National Highway Traffic Safety Administration announced the penalties Friday, Nov. 27, 2020.

Hyundai, Kia fined for delaying U.S. engine failure recalls

FILE- This combination of file photos shows the logo of Kia Motors during an unveiling ceremony on Dec. 13, 2017, in Seoul, South Korea, top, and Hyundai logo on the side of a showroom on April 15, 2018, in the south Denver suburb of Littleton, Colo., bottom.  Hyundai and Kia will spend $137 million on fines and safety improvements because they moved too slowly to recall over 1 million U.S. vehicles with engines that can fail. The National Highway Traffic Safety Administration announced the penalties Friday, Nov. 27, 2020.

November 27, 2020, 10:16am Business

Hyundai and Kia must pay $137 million in fines and safety improvements because they moved too slowly to recall over 1 million vehicles with engines that can fail. Read story

Spokane medical provider charged with theft of more than $5 million of Medicaid funds

November 27, 2020, 8:39am Business

Nov. 27—The owner of a Spokane-based health clinic is facing charges of theft and money laundering after investigators allege fraudulent Medicaid billing totaling more than $5 million since 2017. Read story

Disney to lay off 4,000 more at California, Florida parks

November 27, 2020, 8:38am Business

ORLANDO, Fla. — The Walt Disney Co. announced plans to lay off 4,000 more workers in its theme parks division in California and Florida due to the COVID-19 pandemic’s effect on the industry. Read story

A shopper walks by a store, Monday, Nov. 18, 2020 in Pembroke Pines, Fla.  After months of slumping sales and businesses toppling into bankruptcy, Black Friday is offering a small beacon of hope. In normal times, Black Friday is the busiest shopping day of the year, drawing millions of shoppers eager to get started on their holiday spending.

Virus keeps Black Friday crowds thin, shoppers shift online

A shopper walks by a store, Monday, Nov. 18, 2020 in Pembroke Pines, Fla.  After months of slumping sales and businesses toppling into bankruptcy, Black Friday is offering a small beacon of hope. In normal times, Black Friday is the busiest shopping day of the year, drawing millions of shoppers eager to get started on their holiday spending.

November 27, 2020, 8:21am Business

NEW YORK — The raging coronavirus pandemic kept crowds thin at malls and stores across the country on Black Friday, but a surge in online shopping offered a small beacon of hope for struggling retailers after months of slumping sales and businesses toppling into bankruptcy. Read story

FILE - In this Feb. 9, 2019, file photo, a sign bearing the company logo stands outside a Tesla store in Cherry Creek Mall in Denver. U.S. safety regulators are continuing their investigation into complaints that Tesla's giant touch screens can fail and cause the cars to lose the rear camera display and other functions. A preliminary investigation was opened in June 2020 covering 63,000 Model S vehicles.

U.S. agency investigating Tesla front suspension failures

FILE - In this Feb. 9, 2019, file photo, a sign bearing the company logo stands outside a Tesla store in Cherry Creek Mall in Denver. U.S. safety regulators are continuing their investigation into complaints that Tesla's giant touch screens can fail and cause the cars to lose the rear camera display and other functions. A preliminary investigation was opened in June 2020 covering 63,000 Model S vehicles.

November 27, 2020, 8:21am Business

DETROIT — The U.S. government’s road safety agency is investigating complaints that suspensions can fail on nearly 115,000 Tesla electric vehicles. Read story

FILE - In this Sept. 18, 2019, file photo, California Air Resources Board Chair Mary Nichols, with California Gov. Gavin Newsom at left, discusses the Trump administration's pledge to revoke California's authority to set vehicle emissions standards that are different than the federal standards, during a news conference in Sacramento, Calif. Nichols' term leading the state ARB ends in December 2020. She's held the role since 2007 after an earlier stint as chair in the early 1980s.

Top California air, climate regulator hopes to run Biden EPA

FILE - In this Sept. 18, 2019, file photo, California Air Resources Board Chair Mary Nichols, with California Gov. Gavin Newsom at left, discusses the Trump administration's pledge to revoke California's authority to set vehicle emissions standards that are different than the federal standards, during a news conference in Sacramento, Calif. Nichols' term leading the state ARB ends in December 2020. She's held the role since 2007 after an earlier stint as chair in the early 1980s.

November 27, 2020, 8:20am Business

SACRAMENTO, Calif. — Over four decades, Mary Nichols has been the regulator behind some of the nation’s most ambitious climate policies and, in recent years, she’s been their staunchest defender against President Donald Trump’s effort to dismantle them. Read story