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Fuel tax sends Colorado road officials to DC

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Colorado highway and transportation officials are headed to Washington to fight for an extension of the federal fuel tax. Congress must extend the tax or it expires Sept. 30. The Colorado Department of Transportation receives nearly $400 million a year from the federal fuel tax. Officials from of the Colorado Transportation Commission, the Denver Regional… Continue Reading Fuel tax sends Colorado road officials to DC

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Business orders, production of sales, employment and inventories in the Mountain States are treading slightly above growth neutral this summer but it seems confidence is slipping. About 33 percent of supply managers surveyed in Colorado, Utah and Wyoming say they expect an upturn in sales for the rest of 2011 while 14 percent expect a… Continue Reading Business in Mountain States flat, confidence down

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Republican presidential hopeful Mitt Romney is calling for lowering the corporate tax rate and eliminating capital gains taxes as part of a plan to try to lift the struggling economy and create jobs. The former Massachusetts governor was detailing 59 specific proposals aimed at fixing the nation’s stubbornly high unemployment rate, now at 9.1, at… Continue Reading Romney unveils economic plan ahead of Obama speech

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US economic data help world markets steady

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Better-than-expected U.S. economic indicators helped European stocks trim losses and pushed Wall Street higher, easing tensions among investors worried about a downturn in the global manufacturing sector. Surveys into the state of the industrial sectors — the purchasing managers’ indexes — showed they had contracted in August in the eurozone and the U.K. In the… Continue Reading US economic data help world markets steady

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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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