Category Archives: Idaho

Business/Economics, Idaho, U.S.

What Economic Recovery? East Idaho home sales suck, so sellers are turning vacant homes into temp rentals, boom for Home Tenders

“People don’t build a 5,000 square foot home to turn it into a rental, but we have a number of those in the community right now.”-Clint Collins, Idaho Falls Rentals

The home sales market is so bad in eastern Idaho that many sellers are turning to temporarily renting out their vacant houses.  To give you an idea of how bad; in October, 2010, Idaho Falls Rentals took on four houses for rent.  Then in July, 2011, eighteen homes, then in August another seventeen.  That’s just one east Idaho property management company!

The plus side for “Home Tender” renters is that they can get a big home for less than the usual rent, but the down side is they have to move out as soon as it sells.

 

Idaho, U.S.

United Police States of America: Man loses hearing because of Idaho police brutality

“…a skull fracture and so he had bleeding coming out of his ear and out of his nose…. And probably one of the worst things he had was hearing loss, because the fracture went very close to one of his ears.”-Richard Hearn, attorney & medical doctor

A man is suing the Pocatello Police Department, after suffering a skull fracture, affecting his hearing, after being tased on February 20, 2011.

According to his attorney, who’s also a medical doctor, he was pulled over by police, but panicked when the police grabbed him.  He ran and the police yelled they would tase him if he didn’t stop.  He complied but the cops tased him anyway.  He fell to the ground hitting his head on the sidewalk.  One of the cops hit him in the head as well.  He was life flighted to Eastern Idaho Regional Medical Center.

A local east Idaho TV station tried to get reaction from the Pocatello Police Department, but the only person authorized to talk about the case is on vacation.

 

 

Business/Economics, Idaho, Technology, U.S.

United Police States of America: Idaho Republicans give away contract to Private Prison Tech company, who then double bills Idaho taxpayers

According to Idaho media reports, the executive director for the Idaho Republican Party, Jonathan Parker, is accused of helping AnalyzeSoft (a tech company that makes tracking devices for prisoners) get a big contract from Idaho Governor Butch Otter.

AnalyzeSoft is now barred from doing business with Idaho for at least one year, after it was discovered that they double billed for their services.  Idaho taxpayers were charged $2 million for an incomplete prisoner tracking system!

On top of that, five of AnalyzeSoft’s employees are barred from doing any work for the state, ever!

Under Idaho rules, contractors must bid for contracts with the state.  Not only did they double bill taxpayers, but apparently AnalyzeSoft was handed the contract without bidding.

 

 

Business/Economics, Idaho, U.S.

What Economic Recovery? Unemployed young men in Idaho more than national average

According to Federal numbers, the percentage of unemployed young men in Idaho is more than the national average.

In 2009 the national average was 17%, in Idaho it hit 20%!  Idaho’s 2010 rate was around 18%.

Unemployment claims are down, but according to Idaho Labor Department officials that’s because people just don’t qualify for unemployment assistance anymore.  One official said about 100 people per week are falling off the state unemployment assistance simply because they’ve exceeded the time limit.

Business/Economics, Idaho, U.S.

What Economic Recovery? Idaho dental insurer to cut payments

Delta Dental of Idaho is going to cut insurance payments to dentists by as much as 13%.

Delta officials say they have to do it to keep costs down to employers who offer their employees the Delta Dental plan.

Idaho dentists say they will have to jack up prices to make up the difference.  One dentist says the cuts took him by surprise: “In the past, Delta Dental has been a great partner with dentists. This is a little out of the blue. I’ve never seen this before.”-Don Wyatt

Delta Dental of Washington state cut payments back in April, by as much as 15%!

Business/Economics, Idaho, Technology, U.S.

Incompetence or Conspiracy? Idaho Real Estate web sites, and even Wikipedia, list Micron as the biggest employer in Boise

The computer chip maker Micron Technology is in big trouble, and since 2009 isn’t even the second biggest employer in Boise, Idaho.  Yet, Idaho real estate agent web sites, which encourage out’a staters to move to Idaho, continue to list Micron as the top employer.  Other web sites, and blogs, list the number of Boise Micron employees at 15,000!  Even a check of Wikipedia’s section on Boise still claims that Micron is the top employer.

Micron hasn’t been the top employer ever since 2009, after lay offs cut their Boise work force down to about 5,000.  And that’s according to a September 2011 Idaho Statesman report.  Also, the Idaho Statesman says Micron’s peak Boise employment of about 15,000 happened a decade ago!

To make matters worse, Micron is losing money.  They lost $135 million in the third quarter of this year.  On top of that they’re about to get hit with a court judgment for price fixing.  That judgement could be as high as $11.9 billion.

Micron recently told investors that such a fine would further degrade future operations, and, they admitted they don’t even have any money to pay such a fine!

So why are Idaho real estate companies, web media sites, bloggers, and even Wikipedia still promoting Micron as the top employer in Boise?  Conspiracy, or incompetence?

Business/Economics, Idaho, U.S.

What Economic Recovery? Down economy equals increased domestice violence, Death rates up in Idaho

A new study by the Journal of Pediatrics says there is a direct correlation between the recession and an increase in child abuse cases.  The study was done in four states.

Not only that, but courts are reporting an increase in domestic violence: “Our court advocacy roles are up 40% from this time last year.”-Diane Zanetti, Executive Director of Turning Point of the Lehigh Valley, Pennsylvania

In Idaho, deaths connected to domestic violence are up.  So far this year 18 people have died from domestic violence, compared to 13 for the entire year of 2010.

Business/Economics, Idaho, U.S.

What Economic Recovery? Home Federal Bank lay offs hit Idaho & Oregon

“We continue to see high unemployment nationally and in our local markets. And the outlook for improvement in economic growth, which we believe is necessary to drive loan demand, remains questionable.”-Len Williams, Home Federal Bancorp

Home Federal Bank will close six branches in Idaho and Oregon.  Officials hope it will save the bank U.S.$1 million in the next year.

A total of 35 people will lose their jobs.  20 in Idaho and 15 in Oregon.  10 of the Idaho lay offs will come from changes to Home Federal’s mortgage operations.

Home Federal Bank reported a $4.1 million loss in 2010, and so far this year has lost $2.6 million!

Business/Economics, Idaho, International, Technology, U.S.

What Economic Recovery? Idaho chip maker, Micron, in trouble

September 29, Boise based Micron reports losing money for the first time since 2009.  For the quarter ending September 1, Micron lost U.S.$135 million.

That’s a big drop compared to the previous quarter when the Idaho memory chip maker (they also make computers) reported a $75 million profit!

The loss is being blamed on a drop in chip prices, and a drop in sales.

Things got so bad in 2009, that Micron laid off more than half it’s Idaho work force! It has not recovered.

To make matters worse, Micron is facing a court case in which a California competitor claims Micron colluded with a South Korean company to price fix certain types of memory chips.  If they lose the case Micron could be hit with a $11.9 billion fine!