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Colorado has 32nd highest state-local tax burden in the U.S.

Colorado residents shoulder the 32nd highest state and local tax burden in the country, according to the Annual State-Local Tax Burdens report released today by the nonpartisan Tax Foundation. Using the most up-to-date data available, the report shows that taxpayers in Colorado paid 9 percent of their collective incomes in state and local taxes in… Continue Reading Colorado has 32nd highest state-local tax burden in the U.S.

Springs lags in Recession recovery

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Springs lags in Recession recovery

Colorado has more jobs than ever, but recovery from the Great Recession continues to elude some areas of the state, including Colorado Springs. Those are some of the findings included in a report from Colorado State University’s Regional Economics Institute (REI). The report said the economy in the northern Front Range has seen the most… Continue Reading Springs lags in Recession recovery

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Economic Forum names new director

The Southern Colorado Economic Forum confirmed Friday that it has hired a new director to start this summer, relieving current directors Fred Crowley and Tom Zwirlein. Tatiana Bailey, who now works as an instructor at the University of Michigan and Walsh College, will become the Forum’s new director on June 15, the Forum announced in… Continue Reading Economic Forum names new director

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Bernanke touts benefits of Junior Achievement’s finance program

Outgoing chairman of the Federal Reserve, Ben Bernanke, spoke to a crowd of educators on Wednesday about financial literacy, the economy and the importance of teachers. In a live-streamed event from Washington, D.C., Bernanke oversaw a program billed as a “Teacher Town Hall: 100 Years of the Federal Reserve,” as reported by Michele Molnar in… Continue Reading Bernanke touts benefits of Junior Achievement’s finance program

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Budget uncertainty hurts business, government

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When asked to compare my experience as a senior business executive with my time as an Air Force general officer, my response is that the two are not all that different. People matter most; leadership with clear goals is essential; assessing risk and reward is a constant requirement. Another common thread: Stability and predictability are… Continue Reading Budget uncertainty hurts business, government

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Forum evaluates stocks in favorable tone

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Jovial best describes the mood of the audience and Tom Naughton, Southern Colorado regional president, at a recent U.S. Bank Economic Forum breakfast at the Antlers Hilton. Norman Alvis, senior portfolio manager for the bank, zipped through an investment outlook that kept people on the edge of their seats. Some highlights: Markets move in phases.… Continue Reading Forum evaluates stocks in favorable tone

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Local economy gears up to climb

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Once wrecked, then patched up for several years, the economy locally continues to improve, rolling along at a modest pace. Not that the region — or the nation, for that matter — ought to expect robust growth any time soon, if ever. “The new normal” of economic growth, as Jim Paulsen, chief investment strategist at… Continue Reading Local economy gears up to climb

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Our area’s own fiscal cliff

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As the nasty rhetoric and sputtering negotiations finally began leading toward a deal this week in Congress, ending the government shutdown and averting a potentially larger financial trauma over the federal debt ceiling, you could sense a huge exhale of relief across much of Colorado Springs and the Pikes Peak region. Nobody was saying so,… Continue Reading Our area’s own fiscal cliff

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Across the nation, unemployment rates were lower in August than the prior year in 311 of 372 metropolitan areas, higher in 47 areas, and unchanged in 14 areas, the U.S. Bureau of Labor Statistics reported Monday. Although 28 metropolitan statistical areas had jobless rates of at least 10 percent, 41 had rates of less than 5 percent–and 288… Continue Reading BLS shows unemployment largely declining across nation, state

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Colorado has $1.6 billion extra to spend this year, said House Minority Leader Brian DelGrosso, R-Loveland, and the state needs to devote dollars to rebuild infrastructure destroyed by this year’s flooding and wildfires. At a legislative breakfast sponsored by the Colorado Springs Business Journal, DelGrosso appeared as a panelist, along with Colorado Springs representatives Bob… Continue Reading Congeniality, not sparks, sets the mood at political breakfast

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