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News split on economy and consumers’ views

News split on economy and consumers’ views

Economic news released last week showed divergent signs about the national economy. On one hand, consumer confidence was increasing, but on the other hand, consumer spending was decreasing.  “I looked at that and scratched my head,” said economist Tucker Hart Adams of Summit Economics.  Consumer spending fell in July for the first time in six… Continue Reading News split on economy and consumers’ views

Stormwater ballot issue the best solution

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The current hostility between Mayor Steve Bach and City Council is divisive, disruptive and counterproductive to the future well-being of Colorado Springs. It is inhibiting our community’s efforts to move forward economically because our city leadership can’t agree on a common game plan. It is seriously damaging our ability to repair long-neglected infrastructure because we… Continue Reading Stormwater ballot issue the best solution

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Springs’ economic preamble to our future

By Tom Binnings Summit Economics Colorado Springs has reached a critical moment in its economic history. This moment is similar in profile to the city’s founding in the 1870s, the Gold Rush around 1900, then World War II followed by the Cold War, and finally the growth of high-tech manufacturing and information technology in the… Continue Reading Springs’ economic preamble to our future

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CPI increases only .1 percent

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CPI increases only .1 percent

Inflation is holding steady, according to the U.S. Department of Labor Bureau of Labor Statistics. The Consumer Price Index (CPI) of all items rose only 0.1 percent from one month ago, and 2 percent from one year ago. Economists factor the CPI by comparing prices of goods and services over a period of time –… Continue Reading CPI increases only .1 percent

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Local commercial market continues slow ascent

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A Colorado Springs-based real estate firm’s quarterly report indicates that the local commercial market continues to lag behind many others in its climb to pre-recession health. Quantum Commercial Group LLC’s second-quarter market report showed vacancy rates are down in the office and retail submarkets, while they remain flat for industrial space. Quantum also reported that… Continue Reading Local commercial market continues slow ascent

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Denver cultural district: possible role model?

In November 1988, voters in the six-county Denver Metro Area (Adams, Arapahoe, Boulder, Denver, Douglas and Jefferson) were asked to approve a 1/10 of a cent sales tax for something called the Scientific and Cultural Facilities District. The district’s purpose: “to distribute funds for the support of cultural facilities whose primary purpose is to enlighten… Continue Reading Denver cultural district: possible role model?

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Apartment sales hot in local area

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Apartment sales hot in local area

Colorado Springs is the newest hot market for the sale of apartments, according to information from the El Paso County Assessor’s Office. The total sales volume of apartment complexes of more than 30 units between Jan. 1 and July 1 in the county topped more than $273.5 million. That compares with a sales volume in… Continue Reading Apartment sales hot in local area

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A midyear economic report by the University of Colorado Boulder’s Leeds School of Business indicates the state continues to outshine expectations for growth in 2014. The report showed, among other things, that Colorado employment was up 3 percent in May compared to May 2013. The Colorado Business Economic Outlook published in December indicated employment would… Continue Reading Midyear report: State’s economy achieving in ’14

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Investing in volatile times can work

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When the stock market is high, poised possibly to fail, and when interest rates are at rock bottom, where does a person invest his or her money? “The stock market is up 180 percent from the March 9, 2009 bottom,” said Certified Financial Planner Jeff Jensen. “They remember when they lost 57 percent of their… Continue Reading Investing in volatile times can work

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Local economy on a slow rebound

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Economic numbers from early 2014 would lead economists to believe there’s another recession in America. Not so, said Fred Crowley, a UCCS professor of economics, economic consultant and well-known authority on the subject.  In the first quarter of the year, the gross domestic product dropped 2.9 percent, an annualized number, Crowley said. “Normally, if you… Continue Reading Local economy on a slow rebound

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