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Identity thieves wearing banking masks

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A number of bogus bank sites are popping up on the Web, seeking to steal identity information. Representatives from BauerFinancial Inc. say consumers can visit their Web site to confirm a bank’s legitimacy or call the Federal Deposit Insurance Corporation at (877) 275-3342. For credit union verification, visit the National Credit Union Administration. Experts also… Continue Reading Identity thieves wearing banking masks

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Easter threatens St. Paddy’s Day spending

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For the first time since 1940, St. Patrick’s Day falls during Holy Week, the seven days before Easter that many religious Americans consider to be sacred. The holiday collision is likely to hamper spending. “Retailers and restaurants that benefit from the St. Patrick’s Day holiday are up against a double whammy of an early Easter… Continue Reading Easter threatens St. Paddy’s Day spending

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Oil hits $104 a barrel

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The Associated Press NEW YORK_The surging price of oil reached another milestone today, jumping to an inflation adjusted record high of $103.95 a barrel. The weaker dollar that has propelled oil and other commodities prices higher sent light, sweet crude for April delivery past $103.76 a barrel on the New York Mercantile Exchange. That’s the… Continue Reading Oil hits $104 a barrel

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Construction spending takes a dive

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The Associated Press WASHINGTON _Construction spending took its biggest nosedive in 14 years and manufacturing activity contracted, fresh trouble signs for a struggling economy. The Commerce Department reported Monday that construction spending plunged by 1.7 percent in January. Builders slashed spending on residential projects, but the weakness spread beyond that ailing sector. There were cutbacks… Continue Reading Construction spending takes a dive

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Congress.org released its annual Congressional “power rankings” today, and it wasn’t particularly good news for the Colorado delegation. Colorado Democrats, with the exception of Rep. Diana DeGette (D-Denver), were judged to be at best mediocre, while Colorado Republicans were at or near the bottom of the list. Criteria used in compiling the list included position,… Continue Reading Colorado’s Congressional power rank, mediocre

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Might not be a good time for job switching

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Industries that have proven vulnerable during recessions include retail, manufacturing, the financial sector and technology, but employment analysts say don’t jump ship yet. Job placement researchers at Challenger, Gray and Christmas say recession-resistant sectors often change from recession to recession, based on global, economic and societal trends at the time of the slowdown. During 2008… Continue Reading Might not be a good time for job switching

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Interest rates still high despite Fed actions

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Despite Federal Reserve efforts to lessen the cost of credit by lowering its benchmark rate a total of 2.25 percent since September, rates to consumers have barely budged. The latest figures from Bankrate.com show lenders have apparently tightened consumer credit standards, leading to less lending and higher interest rates. The failure of credit markets to… Continue Reading Interest rates still high despite Fed actions

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Clean technology investment skyrockets

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Venture capitalists invested a record $3 billion in 221 clean technology deals worldwide in 2007, a 43 percent increase over the $2.1 billion invested during 2006. Dow Jones VentureSource reported today that the United States accounted for 83 percent of global clean technology investment during 2007. Clean technology accounted for more than 8 percent of… Continue Reading Clean technology investment skyrockets

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Americans eager for Uncle Sam’s check

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Americans are filing their tax returns earlier this year. The National Retail Federation’s Tax Returns Consumer Intentions survey found that 61.2 percent of consumers have already filed their tax returns or will file a return by the end of the month. The survey also found that consumers filed earlier this year than they did last… Continue Reading Americans eager for Uncle Sam’s check

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New push to get rid of the penny

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The Associated Press WASHINGTON _ A penny for your thoughts? Treasury Secretary Henry Paulson thinks the answer to that question should be not much. In fact, if he had his way, he would like to get rid of the penny. Asked Friday whether he thought the penny should be eliminated, Paulson agreed that it would… Continue Reading New push to get rid of the penny

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