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Sears Holdings announced today that it plans to close 100 to 120 Kmart and Sears stores nationally, but it’s unknown whether Colorado Springs locations are on the list. Local store managers did not  return calls for comment. Sears has a store in the Chapel Hills Mall at 1650 Briargate Blvd. and a stand-alone location in… Continue Reading Sears, Kmart to close 120 stores, Springs’ status uncertain

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Personal income rises above 2008 peak

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Personal income levels in the third quarter of this year rose above their 2008 peak for the first time since the recession began, according to a report from the Bureau of Labor Statistics. Personal income in Colorado hit a peak of $225 billion in the third quarter, up 3.28 percent over the previous $218.1 billion… Continue Reading Personal income rises above 2008 peak

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At least one manufacturing group is optimistic about the U.S. economy – but only if the nation addresses some key issues. Those issues are employment, consumer behavior, global economic strain and the role of politicians, said Dr. Chris Kuehl, economic analyst for the Fabricators and Manufacturers Association International. If the nation can address the problems,… Continue Reading U.S. economy can grow in 2012 – but only if it fixes some issues

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Downtown shop to close

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A downtown shop owner has decided to close her doors once and for all. Jeanne Galvin closed her Mt. Tejon shop downtown in the early spring and reopened in the same location before the start of the summer season as Tillie & Toad. Her clothing and consignment business didn’t catch on the way she wanted.… Continue Reading Downtown shop to close

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The failure of the congressional “supercommittee” to agree on a deficit-reduction plan is affecting construction budgets, according to the Associated General Contractors of America. The committee of six Republicans and six Democrats was charged to create a plan to cut at least $1.2 trillion from the budget. When the group announced its failure Nov. 21,… Continue Reading Supercommittee failure to inhibit construction funding

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Seven vinyl banners draped this month along one of Chicago’s most iconic bridges, advertisements some have dubbed “a visual crime” and “commercial graffiti,” are reviving a debate about how governments raise money in tough economic times. In the aftermath of the Great Recession, a public school district in Colorado is selling ads on report cards… Continue Reading Cash-strapped cities, schools say: ‘Your Ad Here’

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Oil prices fall sharply on fears of slow growth

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Oil prices fell nearly two percent Monday over fears that the world economy will remain weak and push down demand for crude. West Texas Intermediate oil, which is used as a benchmark to price oil in much of the U.S., fell $1.30 to $96.37 in midday trading in New York. Brent crude, which is used… Continue Reading Oil prices fall sharply on fears of slow growth

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Oil price rises on US jobs report

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Oil is rising as investors turned their attention from Europe’s debt struggles to encouraging news about the U.S. economy. Benchmark crude rose $1.01 to $93.20 per barrel on Wednesday morning in New York, while Brent crude added $1.68 at $111.22 in London. Prices rose following a report that said the private sector added 111,000 jobs… Continue Reading Oil price rises on US jobs report

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For the last two years, the economic indicators for the Western region have advanced above the neutral zone of 50.0 – thanks in no small part to the growth in energy, exports and agriculture. The Mountain States region includes Colorado, Utah and Wyoming, and that region is performing above the national average, according to the… Continue Reading Mountain states economy growing faster than nation’s

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Coloradans continue to give despite economy

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Nearly 96 percent Coloradans gave to charity last year –with three in four giving because they were asked to by someone they know. The Colorado Nonprofit Associations says their report shows Coloradans continue to give, despite tough times. Women and younger people are more likely than others to give and more than half support nonprofits… Continue Reading Coloradans continue to give despite economy

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