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Personal income and saving dip

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Americans are making less and saving less but spending more. During June, personal income decreased $159.8 billion (1.3 percent) and disposable personal income decreased $143.8 billion (1.3 percent), as personal consumption expenditures increased $41.4 billion (0.4 percent). These numbers are revised estimates from the statistics released July 31 by the Bureau of Economic Analysis. In contrast,… Continue Reading Personal income and saving dip

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The Mountain States Business Conditions Index registered 51.1 in July, showing positive business growth for Colorado. A reading above 50 indicates an expanding economy during the next three to six months, while one below 50 indicates a contraction. The Colorado business index was at 42 in June, 44 in May and 38 in April. Components… Continue Reading Index shows Colorado poised for business growth

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CSU, UCCS leading universities’ solar trend

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Colorado State University is planning to build the largest solar arrays at a U.S. university, and the University of Colorado at Colorado Springs is the first school in the state to use thin-film solar panels. CSU’s 15-acre array will be enough to power more than 10 percent of the university’s electric energy needs on the… Continue Reading CSU, UCCS leading universities’ solar trend

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The Denver City Council has approved an ordinance to protect the view of the Rocky Mountains from Coors Field, according to the Denver Post. The council voted 9-3 to restrict the height of new developments northwest of Coors Field. Landowner Bahman Shafa, president of Focus Property Group, said the ordinance could cost him as much… Continue Reading Rocky Mountain view from Coors Field will be protected

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State record-breaking catfish caught

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Fishermen, catfish connoisseurs or those with an interest in the offbeat will appreciate this story–the Colorado Division of Wildlife has reported that the biggest catfish ever caught in the state was reeled in at Aurora Reservoir last weekend. Officials say Mike Stone caught a 35-pound channel catfish on July 26, setting a new Colorado state record.… Continue Reading State record-breaking catfish caught

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Before it recessed for the month of August, the House approved the Neighborhood Preservation Act H.R. 2529, which would authorize banks and lending institutions insured by the Federal Deposit Insurance Corp. to allow foreclosed homeowners to remain in their homes as renters on long term leases.
Continue Reading Act would let foreclosed owners rent from bank

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Auto dealers warned about Cash for Clunkers

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The Cash for Clunkers – or the Car Allowance Rebate System – no longer guarantees automobile dealers that they’ll be reimbursed for cars sold. The Colorado Automobile Dealers Association has warned its members to be cautious of selling any more cars under the program, unless CARS receives additional funding. The program, which offers rebates of $3,500 to $4,500… Continue Reading Auto dealers warned about Cash for Clunkers

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WASHINGTON – Construction spending rose for the second time in three months in June as residential building increased and government-funded infrastructure projects jumped. The report provides fresh evidence that the housing sector may be recovering, while the rise in government spending was partly because of the Obama administration’s $787 billion stimulus package, economists said. The… Continue Reading Construction spending rises unexpectedly nationwide

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Foreclosures stabilize in key states

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Even as Americans suffer rising unemployment, foreclosure rates in three states hit hardest by the housing bust – California, Arizona and Florida – stabilized in June, offering hope that the worst of the real estate crisis is over. Continue Reading Foreclosures stabilize in key states

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As City Councilman Bernie Herpin predicted several weeks ago, the new U.S. Olympic Committee deal is very much like the old USOC deal, except that the city is now the only paymaster.

The cost of the deal: more than $50 million. Continue Reading City pays, USOC stays

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