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About The daily Astorian. (Astoria, Or.) 1961-current | View Entire Issue (June 8, 2015)
2A THE DAILY ASTORIAN • MONDAY, JUNE 8, 2015 Investment council shifts portfolio in reaction to PERS decision By PETER WONG Capital Bureau 7,*$5' ² 7KH 2UHJRQ ,Q YHVWPHQW &RXQFLO KDV PRYHG W RZDUG VKLIWLQJ D VPDOO VKDUH RI 2UHJRQ¶V SXEOLFSHQVLRQ LQYHVW PHQWV IURP KLJKHU\LHOGLQJ SUL YDWH HTXLWLHV LQWR SXEOLF VHFXUL ties. 7KHPRYHLVSURMHFWHGWRJHQ HUDWH XS WR ELOOLRQ OHVV RYHU \HDUV IRU WKH 3XEOLF (PSOR\ HHV 5HWLUHPHQW )XQG ZKRVH HDUQLQJV DFFRXQW IRU FHQWV RI HYHU\ GROODU SDLG RXW LQ SHQVLRQ benefits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¶V GHFLVLRQZLOOUHGXFHWKDWIXQGLQJ OHYHO WR DURXQG SHUFHQW VWLOO JUHDWHU WKDQ FRPSDUDEOH V\VWHPV in many states. 6WLOO DW D MRLQW PHHWLQJ RI WKH FRXQFLO DQG WKH 3(56 ERDUG RQ 0D\ PHPEHUV ZHUH WROG WKDW WKH GHFLVLRQ ZRXOG LQFUHDVH WKH OLDELOLW\ RI WKH V\VWHP RYHU \HDUVE\ELOOLRQ7KDWJDSKDV WR EH PDGH XS WKURXJK JUHDWHU LQYHVWPHQW HDUQLQJV DQG KLJKHU FRQWULEXWLRQV IURP WKH JRY HUQPHQW HPSOR\HUV XQGHU 3(56 ZKLFKFRYHUVDERXWSHUFHQWRI 2UHJRQ¶VSXEOLFZRUNIRUFH ³:HJRWDSUHWW\FOHDUPHVVDJH IURPWKH3(56%RDUG´VDLG.DW\ 'XUDQWRI3RUWODQGZKROHDGVWKH LQYHVWPHQWFRXQFLO 7KHILYHPHPEHUVRIWKHFRXQ FLOVHWLQYHVWPHQWSROLFLHVDQGWKH DOORFDWLRQ RI DVVHWV LQ 2UHJRQ¶V portfolio. 7KHVKLIWE\WKHFRXQFLOZKLFK RYHUVHHVDURXQGELOOLRQLQWR WDOVWDWHLQYHVWPHQWVZLOOUHGXFH WKHVWDWH¶VVKDUHRISULYDWHHTXLW\ DVDWRWDORIWKH3(56)XQGIURP WRSHUFHQW²DQGLQFUHDVH WKHVKDUHRI³GLYHUVLI\LQJDVVHWV´ IURPWRSHUFHQW7KHUHWXUQ UDWH RQ WKH ILUVW FDWHJRU\ LV SUR MHFWHG DW SHUFHQW RQ ³GL YHUVLI\LQJ DVVHWV´ WKH SURMHFWHG UDWHLVSHUFHQW 7KH DFWXDO DPRXQW RI PRQH\ LQYROYHGLQWKHVKLIWLVMXVWXQGHU ELOOLRQ $WELOOLRQWKH3(56)XQG FRQVWLWXWHVWKHODUJHVWVKDUHRIWR WDOVWDWHLQYHVWPHQWV Projected drop 7KH H[SHFWHG RYHUDOO UDWH RI UHWXUQ LV SURMHFWHG WR GURS IURP SHUFHQWWRSHUFHQWRYHU \HDUV7KDWZLOOUHVXOWLQDERXW ELOOLRQ OHVV IRU WKH 3(56 )XQG RYHUDOO ³$VPDOOWXUQRIWKHGLDOUHVXOWV LQDODUJHFKDQJHLQH[SHFWHGRXW comes,” said state Treasurer Ted :KHHOHURQHRIWKHILYHPHPEHUV RIWKHLQYHVWPHQWFRXQFLO :KHHOHU KDV VDLG WKDW ZLWKRXW DFKDQJHLQKRZWKHVWDWHPDQDJ HVLQYHVWPHQWVSDUWLFXODUO\KLJK HUULVNDQGKLJKHU\LHOGRQHVVXFK DV SULYDWH HTXLWLHV WKH FRXQFLO KDV WR PRYH WRZDUG ³VLPSOLILFD tion” of its portfolio. :KLOH VWDWH 6HQDWH 3UHVLGHQW 3HWHU &RXUWQH\ '6DOHP DQG ACCUWEATHER ® FORECAST FOR ASTORIA Astoria 5-Day Forecast Tonight Oregon Weather Shown is tomorrow’s weather. Temperatures are tonight’s lows and tomorrow’s highs Clear to partly cloudy 52° Tuesday The Dalles 65/97 Astoria 52/66 Portland 60/86 Corvallis 58/90 Eugene 57/90 Pendleton 62/96 Salem 59/89 Albany 58/91 Wednesday Mostly cloudy; breezy in the afternoon 66° Forecasts and graphics provided by AccuWeather, Inc. ©2015 64° Thursday 52° Friday Partly sunny Mostly cloudy and breezy 53° 63° 51° Almanac Sun and Moon Astoria through Sunday. Temperatures High ........................................... 72° Low ............................................ 51° Normal high ............................... 63° Normal low ................................. 49° Precipitation Yesterday ................................ 0.00" Month to date .......................... 0.51" Normal month to date ............. 0.72" Year to date ............................ 27.17" Normal year to date .............. 34.08" Sunset tonight .................. 9:04 p.m. Sunrise Tuesday .............. 5:24 a.m. Moonrise today .............. 12:50 a.m. Moonset today ............... 12:08 p.m. Regional Cities City Baker City Bend Brookings Eugene Ilwaco Klamath Falls Medford Newport North Bend Today Hi Lo W 93 54 s 95 58 s 69 57 pc 94 57 s 69 52 pc 93 58 s 103 69 pc 61 50 pc 65 55 pc National Cities Today City Hi Lo W Atlanta 87 71 t Boston 74 61 pc Chicago 81 60 t Denver 81 56 s Des Moines 84 63 pc Detroit 79 61 t El Paso 93 74 t Fairbanks 64 43 c Honolulu 85 73 pc Indianapolis 80 62 t Kansas City 84 62 s Las Vegas 98 75 s Los Angeles 85 65 pc Memphis 91 71 t Miami 88 76 pc Nashville 87 67 t New Orleans 90 75 t New York 78 67 r Oklahoma City 91 67 pc Philadelphia 85 70 pc St. Louis 87 68 t Salt Lake City 84 61 pc San Francisco 77 56 s Seattle 88 57 s Washington, DC 88 73 pc Last New First Full June 9 June 16 June 24 July 1 Under the Sky Tues. Hi Lo W 89 56 t 90 52 s 70 56 c 90 51 s 65 51 c 86 56 t 98 66 pc 60 48 c 65 53 c City Olympia Pendleton Portland Roseburg Salem Seaside Spokane Vancouver Yakima Today Hi Lo W 88 51 s 100 62 s 92 60 s 99 65 s 95 59 s 73 52 pc 95 62 s 92 60 s 104 63 s Tues. Hi Lo W 82 47 s 96 63 s 86 54 s 96 60 s 89 52 s 70 51 pc 92 60 s 86 53 s 100 61 s Tonight's Sky: Giovanni Cassini's birthday (1625). Source: Jim Todd, OMSI Tomorrow’s Tides Astoria / Port Docks Time High 7:00 a.m. 7.4 ft. 8:12 p.m. 8.1 ft. Time 1:19 a.m. 1:32 p.m. Low 2.1 ft. 0.3 ft. Tomorrow’s National Weather Tues. Hi Lo W 84 69 t 73 60 pc 82 66 s 85 60 pc 92 70 s 78 62 pc 94 75 pc 69 48 c 86 73 s 81 64 pc 88 69 s 93 73 t 84 68 pc 91 70 pc 87 75 t 87 64 pc 87 74 s 82 64 pc 92 67 pc 86 64 pc 89 71 s 88 66 s 74 60 s 81 54 s 87 67 pc 3URYLGHQFH 6HDVLGH +RVSL WDO6:DKDQQD5RDGLQ Seaside. 7KH FODVV LV GHVLJQHG WR KHOS XQGHUVWDQG KRZ SDLQ ZRUNV LQ WKH ERG\ DQG EUDLQ 7KRVH DWWHQGLQJ ZLOO OHDUQDERXWZKDWSDLQUHDOO\ LVDQGKRZPXFKRQH¶VRZQ DFWLRQV DQG WKRXJKWV FDQ LPSURYHSDLQ 7KHUH LV QR FKDUJH IRU WKH FODVV EXW UHJLVWUDWLRQ LV UHTXLUHG 7R UHJLVWHU JR WR ZZZSURYLGHQFH RUJFODVVHV RU FDOO WKH 5H VRXUFH /LQH DW Rental housing meeting tonight Klamath Falls 58/86 Mostly sunny 52° 64° 6($6,'( ²$ SDLQ HG XFDWLRQ FODVV ³8QGHUVWDQG LQJ SDLQ :LWK .QRZOHGJH &RPHV 3RZHU´ LV EHLQJ RIIHUHG IURP WR SP7KXUVGD\ LQ(GXFDWLRQ &HQWHU $ ORZHU OHYHO DW Burns 55/90 Medford 69/98 3URYLGHQFH6HDVLGHRIIHUV SDLQHGXFDWLRQ7KXUVGD\ The Daily Astorian Ontario 61/99 Bend 58/90 IURP VWDWH LQYHVWPHQW LQ SULYDWH HTXLWLHV HYHQ DV &DOODQ XSGDW HG WKH VWDWH¶V DVVXPHG UHWXUQ RQ WKHP IURP SHUFHQW WR percent. ³+LVWRULFDOO\ SULYDWHHTXLW\ LQYHVWPHQW KDV GRQH YHU\ ZHOO´ VDLG -DVRQ (OOHPHQW VHQLRU YLFH SUHVLGHQW IRU FDSLWDO PDUNHWV UH VHDUFKIRU&DOODQ %XWFRXQFLOPHPEHUVVDLG2UH JRQLVXQOLNHO\WRPDWFKLWVUHFHQW VXFFHVV LQ WKH QH[W WZR GHFDGHV DVPRUHLQVWLWXWLRQDOLQYHVWRUVJHW LQYROYHG FKDVLQJ WKH VDPH PRQ ey. ³<RX FDQQRW H[SHFW WKH VDPH UHWXUQ DV LQ WKH SDVW´ VDLG -RKQ 5XVVHOO D 3RUWODQG GHYHORSHU ZKRVLWVRQWKHFRXQFLO 6WLOO HYHQ ZLWK DQ RYHUDOO DV VXPHG UDWH RI UHWXUQ RI SHU FHQW IRU VWDWH LQYHVWPHQWV ³LW¶V VWLOO DQ DJJUHVVLYH SRUWIROLR´ &DOODQ¶V(OOHPHQWVDLG 7KH YRWH RQ WKH VKLIW ODVW :HGQHVGD\ ZDV 'LVVHQWHUV ZHUH 'XUDQW DQG 5XNDL\DK $G DPV FKLHI LQYHVWPHQW RIILFHU IRU More competition WKH0H\HU0HPRULDO7UXVW The Capital Bureau is a collab- :KHHOHU DQG RWKHU FRXQFLO PHPEHUVFRQFHGHWKHUHDUHRWKHU oration between EO Media Group UHDVRQV IRU WKH VPDOO VKLIW DZD\ and Pamplin Media Group. 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Fronts Cold Warm Stationary The Daily Astorian 7KH&ODWVRS&RXQW\5HQW DO 2ZQHUV $VVRFLDWLRQ¶V TXDUWHUO\ PHHWLQJ LV EHLQJ KHOG DW SP WRQLJKW DW WKH *ROGHQ 6WDU 5HVWDXUDQW %RQG 6W 0HPEHUV DQG QRQ members are welcome to HQMR\ D PHDO DQG OLYHO\ GLV FXVVLRQ UHJDUGLQJ SUREOHPV and solutions for residential KRPH DQG DSDUWPHQW UHQWDOV LQWKHFRPPXQLW\ Brandy Bloomfeldt, store PDQDJHU DW +RPH 'HSRW LV PDNLQJ D SUHVHQWDWLRQ GLVFXVVLQJ DPRQJ RWKHU WKLQJV SDLQWV DQG FDXONV WKDWZRUNZHOOLQWKHFRDVWDO climate. Becky Buck, and two FROOHDJXHV IURP %DQN RI WKH 3DFL¿F DUH SURYLGLQJ ¿ QDQFLDO LQIRUPDWLRQ UHJDUG LQJ ORDQV ERWK FRPPHUFLDO DQG UHWDLO DQG D UHSUHVHQ WDWLYH IURP &ODWVRS &RP PXQLW\ $FWLRQ LV PDNLQJ D VKRUW SUHVHQWDWLRQ WR H[SODLQ D IHZ RI &&$¶V KRXVLQJ SURJUDPV 7KH SULFH LQFOXGLQJ GLQ QHU DQG WLS LV IRU WKH &KLQHVH IDPLO\VW\OH meal . )RU LQIRUPDWLRQ DERXW &&52$JRWRZZZFODWVRS UHQWDORZQHUVRUJ Deaths June 3, 2015 52''(1 0DUFLD / RI 6YHQVHQ GLHG LQ 6YHQVHQ 2FHDQ 9LHZ )XQHUDO &UHPDWLRQ6HUYLFHLQ$VWRULDLVLQFKDUJHRI WKHDUUDQJHPHQWV 0$56+$// 6XVDQ (OL]DEHWK RI $VWRULD GLHG LQ :DUUHQWRQ &DOGZHOO¶V /XFH/D\WRQ 0RUWXDU\ LQ $VWRULD LV LQ FKDUJHRIWKHDUUDQJHPHQWV June 6, 2015 -$&2%621 .\OH 3KLOOLS RI$VWRULD GLHGLQ*HDUKDUW+XJKHV5DQVRP0RUWXDU\LV LQFKDUJHRIWKHDUUDQJHPHQWV June 7, 2015 3$<1(-DPHV³'LFN´RI:DUUHQWRQ GLHG LQ :DUUHQWRQ &DOGZHOO¶V /XFH/D\WRQ 0RUWXDU\ LQ $VWRULD LV LQ FKDUJH RI WKH DU UDQJHPHQWV Public meetings Showers T-Storms -10s -0s 0s 10s 20s 30s 40s 50s 60s 70s 80s 90s 100s 110s Rain Flurries Snow Ice Shown are noon positions of weather systems and precipitation. Temperature bands are highs for the day. Forecast high/low temperatures are given for selected cities. Weather (W): s-sunny, pc-partly cloudy, c-cloudy, sh-showers, t-thunderstorms, r-rain, sf-snow fl urries, sn-snow, i-ice. MONDAY Seaside City Council, 7 p.m., Seaside City Hall, 989 Broadway, Seaside. TUESDAY Lewis & Clark Fire De- partment Board, 7 p.m., main ¿UHVWDWLRQ+LJKZD\ Business. Cannon Beach City Coun- cil, ZRUN VHVVLRQ SP &DQQRQ%HDFK&LW\+DOO( *RZHU6W&DQQRQ%HDFK Warrenton City Commis- sion, SP :DUUHQWRQ &LW\ +DOO 6 0DLQ $YH :DU renton. Clatsop Community Col- lege Board of Directors, SPH[HFXWLYHVHVVLRQFORVHG WR SXEOLF SP UHJXODU PHHWLQJ&ROXPELD+DOO5RRP /H[LQJWRQ$YH$V toria. WEDNESDAY Clatsop Soil and Water Conservation District Board, DPDQQXDOZRUNSODQDQG EXGJHW DSSURYDO 268 6HD IRRG /DE &HQWHU 5RRP 0DULQH'ULYH Clatsop County Board of Commissioners,SP-XGJH *X\%R\LQJWRQ%XLOGLQJ &RPPHUFLDO6W$VWRULD Wickiup Water District Board, SP 6YHQVHQ 0DUNHW 5RDG 6YHQVHQ 7 p.m.: 10 p.m.: Friday’s Pick 4: 1 p.m.: 4 p.m.: 7 p.m.: 10 p.m.: WASHINGTON Sunday’s Daily Game: Sunday’s Keno: Sunday’s Match 4: Saturday’s Daily Game: 2 Saturday’s Hit 5: (VWLPDWHGMDFNSRW Saturday’s Keno: Saturday’s Lotto: (VWLPDWHG MDFNSRW PLO lion Saturday’s Match 4: Friday’s Daily Game: Friday’s Keno: Friday’s Match 4: Friday’s Mega Millions: 0HJD%DOO Lotteries K lem p Fam ily D en tistry is p articip atin g in ... OREGON Sunday’s Pick 4: 1 p.m.: 4 p.m.: 7 p.m.: 10 p.m.: Saturday’s Megabucks: (VWLPDWHG MDFNSRW PLO lion. Saturday’s Powerball: 3RZHUEDOO 3RZHU3OD\ (VWLPDWHG MDFNSRW PLO lion. Saturday’s Pick 4: 1 p.m.: 4 p.m.: Come into Klemp Family Dentistry during MARCH-JUNE to get your teeth whitened and we will give 100% TO HELP CHILDREN IN NEED! C all us today 503-468-0116 to help a child in need and to take advantage of our SPEC IA L PR IC E O F O N LY $250 A $500 value! Let’s give KID S a reason to sm ile! If you would like to contribute to this cause without a whitening please stop by our office to make a donation to Smile For Life. KLEMP F A MILY D ENTISTRY 1006 West Marine Drive, Astoria (503) 468-0116 www.klempfamilydentistry.com The Daily Astorian Established July 1, 1873 (USPS 035-000) Published daily, except Saturday and Sunday, by EO Media Group, 949 Exchange St., PO Box 210, Astoria, OR 97103 Telephone 503- 325-3211, 800-781-3211 or Fax 503-325-6573. POSTMASTER: Send address changes to The Daily Astorian, PO Box 210, Astoria, OR 97103- 0210 www.dailyastorian.com MEMBER OF THE ASSOCIATED PRESS The Associated Press is entitled exclusively to the use for republication of all the local news printed in this newspaper. SUBSCRIPTION RATES Effective March 1, 2014 HOME DELIVERY MAIL EZpay (per month) .................................. $9.75 EZpay (per month) ................................ $14.30 13 weeks in advance ............................ $35.72 4 weeks in advance .............................. $20.00 26 weeks in advance ............................ $68.76 13 weeks in advance ............................ $50.47 52 weeks in advance .......................... $131.12 26 weeks in advance ............................ $99.64 52 weeks in advance .......................... $194.08 Circulation phone number: 503-325-3211 Periodicals postage paid at Astoria, OR ADVERTISING OWNERSHIP All advertising copy and illustrations prepared by The Daily Astorian become the property of The Daily Astorian and may not be reproduced for any use without explicit prior approval. COPYRIGHT © Entire contents © Copyright, 2015 by The Daily Astorian. SUBSCRIBER TO THE NEW YORK TIMES NEWS SERVICE MEMBER CERTIFIED AUDIT OF CIRCULATIONS, INC. Printed on recycled paper