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Study: Peak Vista has hefty local impact

Peak Vista Community Health Centers contributed $75.3 million to the local economy in 2011, according to a state study released recently. Statewide, community health care centers produced $735 million in activity, including $396 million in operating expenses, the study showed. Statewide, 18 centers operate much like Peak Vista. The state study looked at operating activity… Continue Reading Study: Peak Vista has hefty local impact

Most cities in Colorado believe their economic picture is improving, according to a survey by the Colorado Municipal League. A total of 62 cities say their financial outlook is improving and have turned a corner. About 20 percent said their economy was flat while 8 percent said the economic picture was getting worse. The CML… Continue Reading Sales taxes up, economic picture bright for Colo. cities

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In an NBC “Today Show” interview on June 14, President Barack Obama revealed a stunning degree of ignorance as to how the economy works. Talking about his jobs council and the high level of unemployment, the President declared, “The other thing that happened though, and this goes to the point you were just making, is… Continue Reading What happens when the president doesn’t understand economics?

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3 win economics Nobel for job market analysis

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Two Americans and a British-Cypriot economist won the 2010 Nobel economics prize Monday for developing a theory that helps explain why many people can remain unemployed despite a large number of job vacancies. Federal Reserve board nominee Peter Diamond was honored along with Dale Mortensen and Christopher Pissarides with the 10 million Swedish kronor ($1.5… Continue Reading 3 win economics Nobel for job market analysis

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It might not feel like it for everyone, but the local economy is definitely up. Continue Reading Midyear economic report: Springs’ rebound under way

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January airport revenue strong

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Neither inclement weather nor an iffy national economy seemed to affect Colorado Springs Airport revenue and operations during January. Total revenue at the airport for the month was up 10.6 percent to more than $1.84 million, compared to $1.66 million in January 2007. The news is a sign that activity levels and private investment are… Continue Reading January airport revenue strong

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A couple retiring this year will need about $225,000 in savings just to cover medical costs in retirement, according to analysis by Fidelity Investments. The figure, calculated for a couple age 65, is up 4.7 percent from the $215,000 estimate for 2007, the financial services company said. And it is similar to other projections for… Continue Reading Retiring? Better have at least $225,000

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Construction spending takes a dive

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The Associated Press WASHINGTON _Construction spending took its biggest nosedive in 14 years and manufacturing activity contracted, fresh trouble signs for a struggling economy. The Commerce Department reported Monday that construction spending plunged by 1.7 percent in January. Builders slashed spending on residential projects, but the weakness spread beyond that ailing sector. There were cutbacks… Continue Reading Construction spending takes a dive

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Interest rates still high despite Fed actions

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Despite Federal Reserve efforts to lessen the cost of credit by lowering its benchmark rate a total of 2.25 percent since September, rates to consumers have barely budged. The latest figures from Bankrate.com show lenders have apparently tightened consumer credit standards, leading to less lending and higher interest rates. The failure of credit markets to… Continue Reading Interest rates still high despite Fed actions

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The Associated Press WASHINGTON – The economy skidded to a near halt in the final quarter of last year, clobbered by dual slumps in housing and credit that caused people and businesses to spend and invest more sparingly. The Commerce Department reported today that the gross domestic product increased at a scant 0.6 percent pace… Continue Reading Economy skids to near halt in final quarter of 2007

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