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Springs workers might get shortchanged in 2008

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The Mountain States Employers Council says Colorado workers can expect a slight bump in pay next year – unless they work in Colorado Springs. Overall, the council is projecting a 3.7 percent pay raise next year, up from 3.6 percent given in 2007. But, Colorado Springs employers are expected to only offer a 3.4 percent… Continue Reading Springs workers might get shortchanged in 2008

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Colorado fares well on risky home value list

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PMI Mortgage Insurance Co. has released its list of the “riskiest” markets [1.2MB pdf] for home appreciation, and the news is generally good for Colorado’s homeowners. The ranking is based on data from the Office of Federal Housing Enterprise Oversight House Price Index. While Riverside-San Berandino-Ontario, Calif. tops the list, metropolitan areas such as Las… Continue Reading Colorado fares well on risky home value list

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Nobel Prize awarded for ‘iPod science’

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A heck of a lot of science went into making the iPod and other digital music players work. Two scientists whose research helped produce the small storage devices in MP3 players were jointly awarded the Nobel Prize for Physics this week. Albert Fert, 69, from France, and Peter Grünberg, 68, from Germany, discovered a physical… Continue Reading Nobel Prize awarded for ‘iPod science’

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Small firms’ economic confidence strong

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Small-Business Optimism Index September, 2007 compared to previous month Plan To Increase Employment 14 -1 Plan To Increase Cap. Outlays* 29 2 Plan To Increase Inventories 0 4 Expect Economy To Improve 2 2 Expect Higher Real Sales 14 1 Current Inventory Satisfaction -3 -1 Current Job Openings* 25 0 Expected Credit Conditions -10 -1… Continue Reading Small firms’ economic confidence strong

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2008 construction bills to be even bigger

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Material and labor cost increases for construction are expected to be larger in 2008 than in the past 12 months, The Associated General Contractors of America said. AGC, a trade group, made the announcement today in its fifth Construction Inflation Alert, warning owners, budget setters and contractors of the expected higher costs. “Nonresidential construction has… Continue Reading 2008 construction bills to be even bigger

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Colorado-based MolsonCoors and SAB Miller PLC, the brewer of Miller Lite, said they will combine their U.S. brewing operations in an effort to compete against industry leader Anheuser-Busch. The joint venture will be known as MillerCoors and will have responsibility for brewing and selling brands including Miller Lite, Miller Genuine Draft, Coors, Coors Light and… Continue Reading Coors, Miller team to fight Budweiser on beer-market battlefield

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The Fourth Judicial District has an opening for a volunteer for the Judicial Performance Commission, which critiques judges seeking reelection. All but one of the positions will be vacant when current commissioners’ terms end Nov. 30. The positions are appointed by the Colorado Supreme Court Chief Justice Mary Mullarkey. The position in the district that… Continue Reading Volunteer sought for Judicial Performance Commission

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Mortgage industry employment down – way down

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Mortgage and subprime lenders have announced nearly 70,000 layoffs in the first three quarters of 2007, according to Challenger, Gray & Christmas Inc., which tracks corporate job cut announcements. That’s a more than five-fold increase from the 12,874 announced job losses in mortgage lending tallied by Challenger in all of 2006. “The heaviest job cutting… Continue Reading Mortgage industry employment down – way down

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Pam Keller named EDC chairwoman

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Pam Keller, executive vice president of sales and marketing for Keller Homes has been appointed to serve as chairwoman of the Colorado Springs Economic Development Corp.’s board of directors. Keller replaces Steve Schneider, who will serve as an ex-officio board member. Also, George Hess, president of Vantage Homes Corp. and Fred Veitch, vice president, Nor’wood… Continue Reading Pam Keller named EDC chairwoman

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National and local economists have gloomy predictions for this year’s holiday shopping season. “I’m predicting that spending will be soft at best,” said local economist Tucker Hart Adams. “Consumers are up to their ears and eyeballs in debt. The only thing that’s going to make them spend a lot this year is some kind of… Continue Reading City might need miracle on Tejon Street this shopping season

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