Helping the East Coast recover from Hurricane Irene will test the military’s new plan to avoid the chaos that plagued the response to Hurricane Katrina. The Defense Department says National Guard officers have been appointed as “dual-status commanders” to direct both active-duty and Guard troops helping civilian officials in New Hampshire, New York, North Carolina [...]
Continue reading …Colorado’s most prominent politicians for and against legalizing marijuana are talking about the question today in Vail. Democratic Rep. Jared Polis and Republican Attorney General John Suthers are among the participants in a discussion at the Vail Symposium. Polis says the federal government should end marijuana prohibition and let states decide whether to allow the [...]
Continue reading …After calamitous losses on Wall Street and fears of another recession, the economy got a dose of good news Thursday: The number of people applying for unemployment benefits fell below 400,000 for the first time since April. Layoffs are easing in most states, and some economists are predicting mild improvement in job growth. The brighter [...]
Continue reading …The dollar is dropping as U.S. Federal Reserve policymakers are meeting. UBS analyst Chris Walker says that given the recent fears that the chance of a recession has increased, investor expectations have grown that there could be a significant policy announcement from the Fed. He says UBS economists don’t expect a big rescue effort, however. [...]
Continue reading …Unemployment remains stubbornly high at just over 9 percent, but it’s the alarming number of long-term jobless that is causing fresh concern for Democratic lawmakers. About 42 percent of the nation’s 14.1 million unemployed have been out of work for at least six months, and nearly one in three has been jobless more than a [...]
Continue reading …In its second accolade of the week, the Air Force Academy is ranked as one of the top 10 universities in the nation, according to Forbes. Forbes released its best colleges ranking Wednesday, ranking the academy as the tenth best. The magazine ranked Williams College in Massachusetts at the top, followed by Princeton, the U.S. [...]
Continue reading …The first phase of a deal to raise the government’s borrowing limit would pose little threat to the economy in the short term because almost none of the spending cuts would occur before 2014. Discretionary spending, which excludes Social Security, Medicare and Medicaid, would be cut by only $7 billion in 2012 and $3 billion [...]
Continue reading …Artist Christo’s plan to suspend nearly six miles worth of fabric over parts of the Arkansas River in Colorado is largely intact under a version that federal land managers have identified as the preferred alternative for the project. However, it would happen in 2014 instead of 2013. The Bureau of Land Management has been reviewing [...]
Continue reading …Some Colorado Springs residents have received an e-mail notice from the IRS in recent days saying they are eligible for a refund. Sounds good, but it’s a scam. The IRS does not initiate communication with tax payers by e-mail, said Cheryl Solze, senior tax manager at Stockman Kast Ryan + Co., certified public accountants in [...]
Continue reading …Here’s an overview of how various markets are reacting to the impasse in Washington over raising the U.S. borrowing limit. The U.S. government could default on its debt after Aug. 2 if the limit isn’t raised. — Stocks: On Wednesday the Dow lost 198.75 points, or 1.6 percent, to close at 12,302.55, its fourth straight [...]
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