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Once again, Colorado Springs is in the spotlight for being a great place to live–but this time it’s not for the mountains, the view or the many places to hike, mountain bike or road bike. The Springs is on BusinessWeek’s 40 Strongest U.S. Metro Economies list. The Pikes Peak region ranked 24th on the list, which was compiled using data… Continue Reading Springs makes BusinessWeek’s ’40 Strongest’ list

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BBVA: Economic recovery slow and long

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Economists with BBVA Economic Research say the U.S. economic recovery process will be characterized by a slow expansion rate over a prolonged period of time, although the nation will still fare better than other developed countries. Regionally, several challenges will result in below-average economic growth rates compared to previous expansion cycles. Fiscal pressures from reduced tax… Continue Reading BBVA: Economic recovery slow and long

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Average investors have a “permanent buy-side bias,” said John O’Donnell, chief knowledge officer of Online Trading Academy. Sounds serious, if not terminal — but it can be overcome. “Part of the challenge is to bridge the gap between the public’s perception and reality,” he said. People “always look to buy something of good value —… Continue Reading Time to get our minds right

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People want to know what’s going on with the economy — it’s as unpredictable as the walnut-sized hail was Monday night, just north of Garden of the Gods (vicious horizontal projectiles, in case you’re wondering). As a sign of the times, a crowd of more than 500 people attended Integrity Bank & Trust’s Second Annual… Continue Reading Even a Fed president can joke about the economy

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WASHINGTON (AP) – Households pushed their savings rate to the highest level in more than 15 years during May as a big boost in incomes from the government’s stimulus program was devoted more to bolstering nest eggs than increased spending. The Commerce Department said today that consumer spending rose 0.3 percent last month, in line with expectations. But… Continue Reading May incomes surge, but saving outpaces spending

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Only 5 percent of small business owners polled by the Small Business Research Board said the economy is showing signs of significant recovery. Nearly 36 percent of small business owners believe the economy is just starting to show signs of recovery. About 25 percent said the economy has bottomed out and could begin recovering during… Continue Reading Few small businesses say economy is recovering

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A private research group says its forecast of economic activity rose in May, the second straight gain after seven months of declines. The Conference Board says its index of leading economic indicators, designed to forecast activity in the next three to six months, rose 1.2 percent. Economists surveyed by Thomson Reuters expected a 0.9 percent… Continue Reading Leading economic indicators up more than expected

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WASHINGTON (AP) – Fresh signs that the economy is stabilizing – though at very low levels – emerged today in reports that home construction rose more than expected last month and wholesale prices remain in check. The building of new homes and apartments jumped 17.2 percent to a seasonally adjusted annual rate of 532,000 units from… Continue Reading Construction numbers hint at economic rebound

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Savings levels dwindle, job anxiety mounts

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Almost one quarter of U.S. homeowners do not have savings to cover their living expenses should they lose their income, according to a quarterly survey from Wells Fargo. At the same time, anxiety over job stability was up from 21 percent during fourth quarter 2008 to 29 percent during first quarter 2009. Respondents also showed… Continue Reading Savings levels dwindle, job anxiety mounts

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By Michael E. McDevitt Does anyone reading this not know that our economy is suffering? I didn’t think so. More importantly, is anyone not aware that their personal investments are also suffering? Probably not. No area of our economy has been excluded from the recent suffering – real estate, the stock market, privately held businesses,… Continue Reading No better time than present to take advantage of early estate planning

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