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Economic growth continues in Mountain States

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The economy in the mountain states of Colorado, Utah and Wyoming continues to grow, but that growth has slowed slightly, according to the Business Conditions Index put out by the Goss Institute for Economic Research. For nearly two years, the indicators show growth above neutral. The overall index slipped to 56.8 this month from 57.4… Continue Reading Economic growth continues in Mountain States

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City, county receive annual severance tax payment

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El Paso County and Colorado Springs will receive part of a $54.6 million annual severance tax and federal mineral lease direct distribution payment made by companies that extract minerals and energy from the state. El Paso County will receive $16,179.29 and $17,609. 47 from the state’s Department of Local Affairs. Last year’s distribution to Colorado… Continue Reading City, county receive annual severance tax payment

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A strong report on manufacturing is giving the dollar a slight boost ahead of a key U.S. jobs report for August. The Commerce Department says that factory orders climbed 2.4 percent in July, the largest increase since March. That helps ease some fears about the economy. Worries that the U.S. is dropping back into recession… Continue Reading Strong manufacturing report gives dollar a boost

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Consumer confidence lowest in 2 years

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Consumers’ confidence in August dropped almost 15 points to the lowest level since April 2009 as worries about the economy fueled the wildest stock market swings since the financial meltdown in 2008. At a time when Americans are growing increasing worried about a weak job market, higher costs for food and clothing and recent stock… Continue Reading Consumer confidence lowest in 2 years

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No lunch break for one-third of US workers

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One-third of employees have lunch at their desk each day, and another third take no lunch at all, according to a new survey by Right Management. The company polled 751 workers in North America and asked how often they break for lunch. “Lunch patterns allow us to infer a few things about the North American… Continue Reading No lunch break for one-third of US workers

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President Barack Obama tapped labor economist Alan Krueger for a top administration post Monday, rounding out his White House economic team ahead of a highly-anticipated announcement next week on a new jobs initiative. Obama announced Krueger’s nomination to chair the White House Council of Economic Advisers in a Rose Garden ceremony Monday morning. The president… Continue Reading Obama rounds out econ team ahead of jobs speech

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Solar energy exports top $5.6 billion

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U.S. Solar Industry exported $5.6 billion last year, according to the U.S. Solar Energy Industry Association. The biggest export item was photovoltaic components, which accounted for more than 99 percent of last year’s exports, with solar heating and cooling equipment claiming the remainder. For the manufacturing industry, 2010 was a record year for the photovoltaic… Continue Reading Solar energy exports top $5.6 billion

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Federal Reserve Chairman Ben Bernanke signaled Friday that Congress must do more to promote growth, or risk delaying the U.S. economy’s return to full health. Bernanke proposed no new steps by the Fed to boost the economy. But at a time when Congress has been focused on shrinking long-run budget deficits, he warned lawmakers not… Continue Reading Bernanke proposes no new steps to boost economy

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Colo. Republican: End pensions for Congress

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Republican Rep. Mike Coffman says members of Congress should follow millions of American workers and give up their pensions. The Republican from suburban Denver says that when Congress returns from recess, he’ll suggest cutting the pension available to members with at least five years’ service. Coffman says that the bad economy prompted his idea. Coffman… Continue Reading Colo. Republican: End pensions for Congress

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An early stock market rally faded Wednesday, leaving indexes with small losses in early afternoon trading. The price of gold slumped 4 percent as investors became less fearful. A sharp increase in orders for long-lasting goods in July eased fears that the U.S. was headed for another recession. Companies placed more orders for aircraft, automobiles… Continue Reading An early US stock rally fades; indexes edge lower

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