Oregon daily emerald. (Eugene, Or.) 1920-2012, December 03, 2001, Page 16, Image 16

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_ Wear Sweaters
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£S
Y: Squeeze
18,000 Ducks and
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into a one-inch logo
and what do yon get?
YOU TELL US.
The university is studying the use of its logos.
We want your input to help us pick the signature logo
of the UO. Help us develop guidelines for logo usage
in UO publications. Find out what we’re looking for
at <http://darkwing.uoregon.edu/~uopubs/
logostyle/> and how to comment at
<uologos@darkwing.uoregon.edu>.
Economy
continued from page 1
Potiowski, head of the Oregon Of
fice of Economic Analysis, said
when industries began reporting de
clines across the board this fall, it
was clear the state had entered a re
cession. Potiowski made an an
nouncement to that effect in October.
Climbing unemployment rates
also were partial indicators of Ore
gon’s slowdown.
“We started looking at all sectors
— high tech, transportation, lum
ber, retail and services all lost
jobs,” he said. “When you get that
broad spread of areas losing, I
think things are bad enough to call
it a recession.”
The Northwest has been hit par
ticularly hard by dwindling jobs.
Washington and Oregon possess
the highest unemployment rates in
the nation, at 6.6 percent and 6.5
percent, respectively. The national
average unemployment rate is 5.4
percent.
“We have a disproportionate con
centration in manufacturing indus
tries in this state,” Potiowski said.
“That area was hit hardest. Wash
ington has a different mix of manu
facturing, like Boeing and software.
But the high tech and Boeing situa
tion caused their problem. ”
Intel, a Santa Clara, Calif.,-based
manufacturer of Internet software
that employs almost 15,000 work
ers in Oregon, has shut down sev
eral of its operations in the last few
months, including a streaming au
dio and video technology office in
Hillsboro.
“It became such a competitive
business that return on investment
was not sufficient,” said Bill
MacKenzie, communications man
ager for Intel Oregon. “We also shut
down the Smart Toy Lab, an opera
tion that began as a cooperative effort
with Mattel, because, again, return
on investment was not sufficient. ”
Furthermore, the company has
implemented a cost-cutting meas
ure that will trim 5,000 Intel jobs
worldwide, MacKenzie said.
“Certainly in Oregon, we are a
heavy manufacturing state,” MacKen
zie said. “The state economy is linked
strongly to the manufacturing sector.
And since our manufacturing base is
heavier than most states, the situation
with high tech has probably exacer
bated the problem. ’ ’
Analysts said it is unclear when
Oregon will emerge from the slow
down, though some are looking at
the economic glass as half full.
“The economy has bottomed out
and is already starting to come
back,” Potiowski said. “These are
the lowest interest rates we’ve
seen in 40 years.”
Reinmuth said because brokerage
firms are reporting that investors are
sitting on large reserves and are not
buying stocks, declining interest rates
could generate more borrowing.
“Merrill Lynch reports that re
serves are 20 times higher than they
were two years ago,” he said. “The
NASDAQ and the Dow took good
bumps (Thursday). And since Sept.
11, both markets are up significant
ly. That seems to be an indication of
a return of investor confidence. ”
But Potiowski said it is too early
for a vote of confidence in eco
nomic recovery.
“I think we’re looking at the bot
tom hitting during the second quar
ter of next year,” he said. “And we
should see a mild upturn for the rest
of 2002.”
Higher education reporter Eric Martin can be
reached at ericmartin@dailyennerald.com.
Energy
continued from page 1
ASUO Elections Coordinator
Courtney Hight, who is working
with the conservation coalition, said
the ASUO will kick off the campaign
winter term with a dance in the ball
room and other “lights-out” events.
Other campaign plans include
selling energy-efficient fluorescent
light bulbs on campus for a reduced
price and speaking to classes about
the energy fee, she said.
Based on research by architec
ture professor and coalition advis
er Charlie Brown and students in
the architecture program, the group
has come up with several ideas for
saving energy on campus, Brooklyn
said. These ideas include turning
down the heat in University build
ings and turning off lights in hall
ways, she said.
“We’re not wanting to put stu
dents in refrigerated classrooms,”
she said. “But there have actually
been reported temperatures of 85
degrees in some classrooms.”
Brooklyn said she is pleased
with the way the conservation cam
paign is going and the willingness
of administrators to discuss the en
ergy fee. But her ultimate goal con
tinues to be removing the fee alto
gether, she said.
“I’m not disappointed in the
progress we’ve made in conserva
tion, and the relationship we have
with the administration, in terms of
dealing with the energy fee,” she
said. “Still, my main goal is repeal
ing the energy fee.”
Williams said administrators will
reevaluate the energy fee again at
the end of winter term.
Emerald student activities reporter Kara
Cogswell can be reached at
karacogswell@dailyemerald.com.
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