by Amy Gillentine Published: July 6,2011
Tags: cities, Colorado Municipal League, Economics, sales tax
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 [...] [...]
by Raymond Keating Published: July 1,2011
Tags: Economics, jobs council, Keating, Obama
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 [...] [...]
by Associated Press Published: October 11,2010
Tags: Economics, Employment, Nobel
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 [...] [...]
by Staff Writer Published: July 24,2010
Tags: Economics, Fred Crowley
It might not feel like it for everyone, but the local economy is definitely up. [...]
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 [...] [...]
by Staff Writer Published: March 5,2008
Tags: Economics
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 [...] [...]
by Staff Writer Published: March 3,2008
Tags: Economics
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 [...] [...]
by Staff Writer Published: February 29,2008
Tags: Economics
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 [...] [...]
by Staff Writer Published: February 28,2008
Tags: Economics
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 [...] [...]
by Staff Writer Published: February 27,2008
Tags: Economics, Housing Market, Jobs
The Associated Press WASHINGTON_Federal Reserve Chairman Ben Bernanke warned Congress that the nation is in for a period of sluggish business growth and sent a fresh signal today that interest rates will again be lowered to steady the teetering economy. “The economic situation has become distinctly less favorable” since the summer, the Fed chief told [...] [...]
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