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Entries posted by staff.writer

Today is post office’s busiest day of the year

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If long lines, big crowds and long wait times aren’t your thing, you might want to avoid the post office today, because for many people that won’t be an option. Today is the last day to mail packages with the assurance they’ll be delivered in time for Christmas. Postal officials said today, the Monday of… Continue Reading Today is post office’s busiest day of the year

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Trade deficit falls for second straight quarter

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The Commerce Department is reporting today that the account trade deficit fell 5.5 percent to $178.5 billion during the third quarter – that’s the lowest level in two years and a possible indicator that the nation’s trade issues could be calming. The current account is the most comprehensive measure of trade because it includes not… Continue Reading Trade deficit falls for second straight quarter

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USA Cycling still undecided

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USA Cycling spokesman Andy Lee said the organization’s board has not made a decision about whether it will move its headquarters from Colorado Springs. Officials said earlier this year that they had expected to make a moving decision by early December. “We definitely have a proposal on the table from Ogden (Utah), but we’re still… Continue Reading USA Cycling still undecided

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Holiday travelers undaunted by gas prices

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Increased prices for gas, airfares, hotels and rental cars won’t dissuade travelers from hitting the roads this holiday season. AAA Colorado projects that 65.2 million Americans will travel 50 or more miles away from home, a 0.7 percent increase from last year’s 64.7 million. Travelers, it seems, have become resilient to the challenges, said Sandra… Continue Reading Holiday travelers undaunted by gas prices

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Colo. bankers confident in local economy

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Despite tighter bank lending standards and loan demand declines, Colorado bankers expect little change in total bank lending next year and even growth in commercial lending. The measure of optimism comes from a Colorado Bankers Association survey of perceptions of business conditions by several hundred Colorado bankers between Dec. 3 and Dec. 10, 2007. The… Continue Reading Colo. bankers confident in local economy

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Military construction costs on the rise

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The Base Realignment and Closing Commission estimated that construction costs to implement their most recent recommendations would be about $13 billion. But, a Government Accountability Office report released today estimates those costs to reach nearly $20 billion. Army Corps of Engineers officials said the actual rate of construction inflation for the last several years has… Continue Reading Military construction costs on the rise

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Online advertising continues to grow

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Wall Street financial giant Lehman Brothers says Internet advertising spending will reach nearly $311 billion next year, up 4 percent from this year. Also real estate advertising budgets are projected to grow by 12 percent next year and reach $8 billion by 2012. Authors of the firm’s annual advertising trend report also predict that Internet… Continue Reading Online advertising continues to grow

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One fish, two fish, green fish, threw fish

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The Australian Tunarama competition to see who can throw a frozen tuna the farthest will be missing something next year — the fish. In an effort to further the country’s “green” environmental policies, Tunarama officials said they have stopped using real fish, because for one, it was a waste of perfectly good fish, and a… Continue Reading One fish, two fish, green fish, threw fish

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Retail sales surge, unemployment down

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Retail sales surged by 1.2 percent last month, almost two times the increase that analysts had predicted, to reach the largest gain in six months, according to a Commerce Department report released today. The surge comes after a 0.2 percent rise in retail sales during October. Nearly half of the November increase came from a… Continue Reading Retail sales surge, unemployment down

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Census forms arrive next week

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Next week more than 4 million American businesses will receive 2007 Economic Census forms. The economic census is conducted every five years. Business.census.gov lists information about the census, and provides statistics to use to assess and grow business operations. This week, “Industry Snapshots” graphics for more than 1,000 industries were added to the site.

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