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U.S. trade, jobless claims show recession is fading

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WASHINGTON – The U.S. trade deficit in July hit the highest level in six months as a record rise in imports outpaced a third straight increase in foreign demand for American products, according to government data released today. Both gains provided more evidence that the most worst recession since the 1930s was losing its grip… Continue Reading U.S. trade, jobless claims show recession is fading

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Taxpayers face losses on auto bailout

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WASHINGTON (AP) – Taxpayers face losses on a significant portion of the $81 billion in government aid provided to the auto industry, an oversight panel said in a report released Wednesday. The Congressional Oversight Panel did not provide an estimate of the projected loss in its latest monthly report on the $700 billion Troubled Asset… Continue Reading Taxpayers face losses on auto bailout

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Springs firms rake in contract awards

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Colorado Springs-based companies are reeling in government and military contracts. Some of these firms stay below the radar, while others like Intelligent Software Solutions, are more visible contract awardees. Here are some of the firms that have benefited: Intelligent Software Solutions, headquartered in Colorado Springs, won a $3.3 million federal contract during August from the U.S. Air… Continue Reading Springs firms rake in contract awards

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Those interested in watching President Barack Obama’s address to Congress tonight about health care reform – and want to debate the issues with other Springs residents – can attend one of two watch parties. Organizing for America, a part of the Democratic National Convention, is organizing watch parties across the nation. The president’s address is… Continue Reading Watch parties planned for tonight’s health care address

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The author of the economic impact analysis describes the study as ‘the ultimate downside risk analysis.’
Continue Reading City can’t find data used to justify USOC deal

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Heimlicher resigning

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Colorado Springs City Councilman Jerry Heimlicher announced today that he will resign Sept. 30. Heimlicher has served on council since 2003, representing District 3, the southwest quadrant of the city. Heimlicher, a retired Ford credit executive of 38 years, said he has concerns about whether his executive pension will remain intact, given the auto industry’s… Continue Reading Heimlicher resigning

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November ballot order set

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El Paso County Clerk and Recorder Bob Balink released the ballot numbering and order for local ballot questions for the November election this morning. The list includes referred measure 2C, which asks Colorado Springs residents to approve an increase in the city property tax, and initiated ordinance 300, a Douglas Bruce-authored initiative, which would phase… Continue Reading November ballot order set

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More than 120,000 people in Colorado will lose their health insurance by Dec. 2010, and the number of people nationwide without insurance is expected to climb by 6.9 million. That’s according to Families USA, which estimated the number of people who have lost – or will lose – health insurance coverage from Jan. 2008 to Dec. 2010.… Continue Reading Thousands of Coloradoans projected to lose health insurance

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Energy investment summit in Denver

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Energy is a rapidly changing industry. A summit geared toward investors interested in oil, gas, uranium, coal and solar energy is scheduled for Sept. 18-20, at the Westin Tabor Center in Denver. Hosted by Casey Research, the Energy and Special Situations Summit will include these speakers: Doug Casey, founder of Casey Research, Dr. Marc Bustin,… Continue Reading Energy investment summit in Denver

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Springs employment freezing as winter arrives

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Tepid news from the job front came today in the form of  Manpower Inc. employment survey results: Springs employers are expected to hire at a reserved pace during the fourth quarter – and other experts say next year might not look much better. Between October and December, 64 percent of Pikes Peak region employers expect to… Continue Reading Springs employment freezing as winter arrives

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