Finance
Mothers Unite on the Field for a Noble Cause
2025-02-26

Motherhood often involves cheering from the sidelines, but one group of moms has taken a different approach. The Betty League, an initiative that began in 2021, brings mothers together to play softball while raising funds for a critical cause. This unique event has not only provided an outlet for these women but has also significantly contributed to the Crohn’s and Colitis Foundation.

Initially conceived as a way for moms to enjoy some time on the field, the Betty League quickly evolved into a powerful fundraising platform. Amy Douglass, one of the league's founders, shared her motivation: "We realized that we could combine our love for sports with a meaningful mission." The inspiration came after Douglass' daughter was diagnosed with Crohn’s disease, sparking a desire to make a tangible difference. Since its inception, the league has expanded from 20 participants to 75, raising over $150,000 for the foundation.

The impact of this grassroots effort extends far beyond the playing field. Kathryn Owens, an associate executive director at the foundation, emphasized the importance of community support. "Every dollar raised helps us advance research and provide essential support to those affected by inflammatory bowel diseases," she noted. The Betty League has become more than just a game; it symbolizes hope and solidarity for families facing similar challenges. Through their efforts, these dedicated mothers are making strides toward finding a cure and improving lives.

In recognition of her tireless dedication, Douglass was honored as Volunteer of the Year at the Torch Gala. Her commitment reflects the collective spirit of the Betty League, where every swing of the bat contributes to a greater purpose. As Douglass looks ahead, she remains optimistic about the future: "We're doing everything we can to ensure that our children have a healthier tomorrow."

Oregon's Economy Remains Steady Despite Federal Uncertainty
2025-02-26

In a recent update, Oregon's economic forecast has remained stable despite the tumultuous federal policies affecting other parts of the country. The state’s chief economist, along with senior analysts, reported that Oregon is expected to have approximately $38.2 billion available for its next two-year budget cycle. This represents an increase of $350 million from the previous estimate in November. However, caution remains paramount as federal actions could still impact Oregon's economy, particularly through trade relations and potential spending cuts.

Details of the Economic Forecast

On a crisp autumn day, Oregon’s leading economists gathered to present their latest financial outlook. According to Carl Riccadonna and Michael Kennedy, the state's economic team, lawmakers can anticipate having nearly $38.2 billion at their disposal for the upcoming biennial budget. This figure reflects an upward revision by $350 million compared to the last projection in November. The additional funds primarily stem from higher income tax revenues linked to wage growth over the next two years, offset by increased expenditures on wildfire recovery and delayed tax refunds.

Governor Tina Kotek and legislative leaders have emphasized the need for cautious budgeting. The day after congressional Republicans approved a spending plan that included unspecified cuts totaling $2 trillion, House Speaker Julie Fahey urged preparedness for potential economic challenges. She highlighted the importance of safeguarding programs like Medicaid, which are crucial for many Oregonians.

Riccadonna noted that Oregon's reliance on manufacturing and international trade makes it particularly vulnerable to tariffs. He recalled how the state's economy slowed following the imposition of tariffs in 2018, although this was partly mitigated by fiscal stimulus measures. Looking ahead, Riccadonna suggested that potential extensions of corporate tax cuts could counterbalance adverse effects from trade tensions.

The full impact of recent federal layoffs has yet to materialize in state data. Riccadonna explained that most job cuts began around President’s Day weekend, and their effects would likely become clearer in early March. Additionally, the state recently paid out a record-breaking tax credit, known as the kicker, amounting to $5.6 billion. Future kicker payments are projected to remain substantial, with the latest forecast estimating a payout of $1.726 billion in 2026.

Lawmakers will use the next economic forecast, expected in late April, to finalize the budget for the coming two years.

From a journalist's perspective, this report underscores the delicate balance between optimism and caution in economic planning. While the current forecast brings some positive news, it also serves as a reminder of the unpredictable nature of federal policies and their potential ripple effects on state economies. Policymakers must navigate these uncertainties carefully to ensure sustainable growth and stability for their constituents.

See More
Empowering Your Financial Future: Practical Steps for a Prosperous Year
2025-02-26

Embracing the opportunity to enhance personal finance, many individuals are setting ambitious goals for the year. One key strategy is to adopt gradual improvements rather than drastic changes. Nora Yousif, a financial advisor with the Powerhouse Group at RBC Wealth, emphasizes that cultivating a robust financial base can be simpler than commonly believed. The foundation of this approach lies in making minor yet consistent adjustments. Establishing an emergency fund stands out as one of the most effective methods to prevent accumulating debt, particularly during unforeseen circumstances. Yousif reassures that adjusting financial priorities, even if it feels uncomfortable, is a positive and necessary step. She suggests taking short-term measures such as working additional shifts or cutting expenses temporarily to achieve long-term stability.

Investment and retirement planning are also pivotal aspects of financial health. According to a recent Bankrate report, investing ranks high among Americans' financial aspirations for the year. Yousif advises starting with a high-yield savings account to meet immediate financial objectives before venturing into more complex investments. She encourages those hesitant about market entry to focus on the benefits of time in the market rather than trying to predict its movements. For long-term planning, Yousif highlights the importance of considering retirement early. Younger individuals should prioritize stock market exposure for better returns over time, while older individuals may benefit from more conservative investment options like bonds and CDs.

Improving one's financial situation is a continuous journey that demands dedication and occasional sacrifices. However, the rewards far outweigh the challenges. With careful planning and perseverance, it is possible to enjoy both financial responsibility and enriching experiences. By embracing these strategies, individuals can build a secure and fulfilling financial future, proving that achieving financial well-being is within everyone's reach.

See More