business

For the second-straight day, China has allowed its currency to take a sharp drop, sparking another round of falling stock prices internationally. The decision to devalue the yuan has shaken investors who fear a currency war and question the health of China's economy, the second-largest in the world.

Last Tuesday, Netflix announced it would begin offering employees who are new parents unlimited paid leave for a year, allowing them to take off as much time as they want during the first 12 months after a child's birth or adoption.

The news drew praise from people who said it would be good for working parents, and would help America catch up to most other developed nations, where paid time off for a new child is mandatory.

Mihey Basargin of Wasilla on the docks in Dutch Harbor after being rescued.
KUCB Photo/John Ryan

Lt. Commander Kimberly Hess watched the cliff. 

That kept her steady, she said, as she fought a swirling 30-knot tailwind and lowered the Coast Guard chopper to the sea below, where two stranded fishermen had been waiting for eight hours in Alaska’s Aleutian Islands. 

Todd Bishop of GeekWire
KUOW Photo/Gil Aegerter

Todd Mundt speaks with GeekWire's Todd Bishop about the escalating size of benefits packages offered by tech companies.

In the years before the Great Recession, many Americans piled up too much credit card debt. Now, they seem to be a little wiser about using their plastic. But it can be tough staying disciplined while taking the kids for back-to-school shopping.

The Great Recession has taught Americans a valuable lesson, according to the country's top consumer watchdog.

Grapes before wine at the 2009 Indian Creek Harvest Fest in Kuna, Idaho.
Flickr Photo/Laura Gilmore (CC BY NC ND 2.0)

David Hyde talks with Alder Yarrow, founder of the wine blog  Vinography, about Idaho's prospects as a wine state.

Outside Edith Macefield's former house, also known as the 'Up' house. People have associated the house with the Pixar movie 'Up,' which follows a similar narrative of an elderly man who refuses to sell his house to developers.
KUOW Photo/Gil Aegerter

Edith Macefield’s tiny house will soon float to Orcas Island – but not by balloon.

The property owner – a bank that won’t disclose its identity – has gifted the legendary house to a nonprofit on Orcas Island. The nonprofit, in turn, promises to barge the house up Puget Sound to the island, where it will be hauled onto land and turned into a home for lower-income people.

Marcie Sillman talks to Luke Timmerman, founder and editor of the Timmerman Report, about Juno Therapeutics and other biotech startups like Just Biotherapeutics that came out of the closure of Amgen's Seattle offices last year. 

An Anchorage-based commuter airline is opening a new hub in Portland. Peninsula Airways, better known as PenAir, is a well-established Alaska carrier that only recently branched out to the Lower 48.

Backers of a crowdfunding project from 2012 say they’re suddenly receiving the product they were promised.

Fewer than 20 miles north of Portland, Ore., off Interstate 5 in southwest Washington state, sits a 150-acre former dairy farm. The Cowlitz Indian Tribe eyed the grassy field as the future home of a casino, and a developer purchased the land for the tribe more than a decade ago.

"It will be a good attraction for the whole community here, drawing thousands of people daily but also providing thousands of jobs," says Bill Iyall, the Cowlitz tribal chairman.

A mega-economic story is playing out globally. It involves U.S. interest rates, the Chinese stock market and jobs in Minnesota, Arizona and North Dakota.

And your wallet, too.

No kidding. It's all related. To see how, let your mind wander back.

Most local economic development schemes focus on creating jobs. Many offer incentives to startup companies, or try to lure existing companies to relocate.

But a campaign in Montana is turning that on its head. It's not trying to recruit companies but rather employees to come to the sparsely populated state and telecommute.

David Blackburn works for a financial services firm in Jersey City, N.J. He and his wife both have six-figure incomes, but real estate in the New York City area is so expensive that they have to live kind of far from their jobs.

Pacific Northwest businesses have noticed an uptick in earthquake preparation sales and inquiries since the New Yorker wrote about an expected 9.0 magnitude earthquake.

Marcie Sillman speaks to Todd Bishop about what's new in Microsoft's Windows 10 operating system.

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