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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. Continue Reading Economic recovery gaining strength, despite 3Q reports

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U.S. exports surge for sixth straight month

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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… Continue Reading U.S. exports surge for sixth straight month

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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… Continue Reading Added troops to Afghanistan means deployment of tax dollars

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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… Continue Reading Creating an export strategy can help drive a company’s growth

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Colorado Springs trails the rest of the state’s metropolitan areas in creating and sustaining jobs and economic growth.
Continue Reading Springs gets lowest marks statewide for economic growth

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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… Continue Reading Not even military’s might can stop economic peril

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Stocks’ resiliency quells recovery fears

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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… Continue Reading Stocks’ resiliency quells recovery fears

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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… Continue Reading Despite economy, small businesses remain resilient

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Adams explains the FDIC, current banking climate

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Adams Bank & Trust’s breakfast and Colorado Economic Forum was held at Cheyenne Mountain Resort, during a stunning pink and lavender Rocky Mountain sunrise. The keynote speaker was Todd S. Adams, chairman and CEO of Adams Bank & Trust, and board member of the Omaha Branch of the Federal Reserve Bank of Kansas City. As… Continue Reading Adams explains the FDIC, current banking climate

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Economy grows in 3Q, signals end of recession

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WASHINGTON (AP) – The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes. It’s the strongest signal yet that the economy has entered a new, though fragile, phase of recovery and that the worst recession since the 1930s has… Continue Reading Economy grows in 3Q, signals end of recession

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