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December job cuts down 39 percent

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December job cuts plunged 39 percent to 44,416 from 73,140 during November, making it the second lowest job-reduction total for 2007, behind the 42,897 during July. The December figures were also 18.7 percent lower than the same month a year ago when employers announced 54,643 job cuts, according to a Challenger, Gray and Christmas update… Continue Reading December job cuts down 39 percent

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Business conditions index advances

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The December Business Conditions survey of supply managers and business leaders in Colorado, Wyoming and Utah showed the overall Business Conditions Index advanced to a healthy 61.2 from November’s 56.6. “Since August 2003, the region has been growing at more than twice the rate of the national economy, said Ernie Goss, an economic professor at… Continue Reading Business conditions index advances

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While the final tally has yet to be totaled, attorney Michael McDivitt said only 200 calls were made for free Yellow Cab rides on News Year’s Eve. McDivitt announced last week that his Law Firm would pay for the rides within Colorado Springs for the holiday. Yellow Cab General Manager Fred Hair said the number… Continue Reading Few called for free New Year’s Eve cab ride

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Credit Manager’s Index hits record low

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The Credit Manager’s Index dropped to a record low of 52.4 percent after it fell for the fourth consecutive month during December. The CMI is a monthly survey of the business economy from the perspective of the commercial credit and collections industry. Six of the indexes’ 10 components fell, including a 4 percent drop in… Continue Reading Credit Manager’s Index hits record low

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Manufacturing plunges, construction increases

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Manufacturing in the U.S. has dipped to a five-year low. The Institute for Supply Management’s manufacturing index dropped to 47.7, the lowest reading since April 2003, from 50.8 the prior month. A reading above 50 indicates expansion, while below 50 signifies contraction. Manufacturing has been negatively affected by the housing recession, which has impacted building-related… Continue Reading Manufacturing plunges, construction increases

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For 22 percent of us, our New Year’s resolutions will be history in another five days. The Journal of Clinical Psychology, says that’s how many people abandon their New Year’s resolutions after only one week. The study’s authors say three main factors contribute to short-lived resolutions – clearly defined goals are not set, progress is… Continue Reading 22 percent dump resolutions after a week

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New home sales plunge to 12-year low

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Sales of new homes dove last month to their lowest level in more than 12 years. The Commerce Department reported Friday that new-home sales dropped 9 percent from October to November to a seasonally adjusted annual rate of 647,000 – the worst showing since April 1995, when the rate was 621,000. The median sales price… Continue Reading New home sales plunge to 12-year low

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Tree recycling still available

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If you haven’t thrown out that Christmas tree yet, there are still a few places in town that will recycle your tree and turn it into mulch. Tree recycling will be available at the following locations between 9 a.m. and 5 p.m. Jan. 5 and 6. A fee of $5 is charged for the recycling… Continue Reading Tree recycling still available

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If it seems to you that more and more people are moving to Colorado every year, you’re right. The U.S. Census Bureau reported yesterday that that state’s population grew by 2 percent, or 95,267 people, between July 1, 2006, and July 1, 2007. That puts the state’s population at 4.8 million and ranks it as… Continue Reading Colorado population up 2 percent

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Tax returns late for 3 million people

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Tax refunds for more than 3 million people will be held up until February because of Congress’ late fix to the alternative minimum tax, Internal Revenue Officials said this week. Congress put a one-year freeze on growth of the alternative minimum tax last week, protecting some middle-income taxpayers from first exposure to the tax. But… Continue Reading Tax returns late for 3 million people

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