by Contributing Writer Published: February 19,2010
Tags: economy, profitability
It wasn’t long ago when it seemed that the answer to every business challenge was to “get out and sell more.” Now, business owners are scrutinizing their operations for ways to squeeze out every last drop of profitability. This is a healthy exercise for any economy to undergo, and the surviving businesses tend to emerge from difficult [...] [...]
by Associated Press Published: January 14,2010
Tags: December, economy, retail sales
Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly drop on record and highlighting the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades. In another disappointing economic report, the number of newly laid-off workers requesting unemployment benefits rose more than expected last week as [...] [...]
All signs suggest the economic recovery will end the year on firmer footing despite a report released today that the U.S. economy grew at a 2.2 percent pace in the third quarter, less than previously thought. [...]
WASHINGTON (A.P.) - The economic recovery is likely to draw strength from exports such as farm products, autos, aircraft and industrial machinery - all of which helped lower the nation’s trade deficit in October. Exports of U.S. goods rose for a sixth straight month. Further gains in exports should bolster manufacturers, who struggled during the recession. [...] [...]
by Rob Larimer Published: December 2,2009
Tags: economy, Fort Carson, Tom Zwirlein
About 4,500 troops from Fort Carson will be part of the 30,000 troops President Barack Obama plans to send to Afghanistan next year. That’s not very good news for the Colorado Springs economy that’s already hurting for sales tax revenue. “It’s certainly going to have an economic impact,” said UCCS finance professor Tom Zwirlein. “It’s just taking away 4,500 people [...] [...]
by Ann Snortland Published: November 12,2009
Tags: economy
There has been a lot of talk about the weakening dollar in the media lately. One of the side benefits of a weak dollar is that U.S. goods and services are more affordable in foreign markets. In fact, the U.S. trade deficit has shrunk during recent years in part because of a weaker dollar. Does this mean [...] [...]
by Staff Writer Published: November 11,2009
Tags: economy, Milken Institute
Colorado Springs trails the rest of the state's metropolitan areas in creating and sustaining jobs and economic growth. [...]
by Rebecca Tonn Published: November 6,2009
Tags: economy
Just in case you hadn’t noticed, the military presence in Colorado Springs isn’t enough to prevent economic downturns. While much of the economic stability in the Pikes Peak region is a result of the military, and the 54,000 jobs — a significant percentage of the community’s 330,000 — created by military expenditures, falling sales tax revenue [...] [...]
by Staff Writer Published: November 2,2009
Tags: economy, stock market
NEW YORK (AP) - Stocks are snapping back from Friday’s big losses as stronger-than-expected reports on manufacturing and housing ease investors’ concerns about how durable the economic recovery will be. Major indexes rose more than 0.5 percent in midday trading Monday, including the Dow Jones industrials, which jumped about 80 points after tumbling 250 points on [...] [...]
by Rebecca Tonn Published: October 30,2009
Tags: economy, Small Business
Small businesses are the backbone of the U.S. economy, comprising half the nation’s nonfarm, private gross domestic product. And small business — along with the rest of the economy — has been struggling during 2008 and 2009. But Americans are resilient and continue to become entrepreneurs. Although changes in the economy may make it more difficult to [...] [...]
