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Despite mixed financial signals, rural bankers who responded to a survey in 10 Midwest and Plains states apparently are growing optimistic about the regional economy. The Rural Mainstreet economic report for October says its economic confidence index, which reflects expectations for the economy six months out, rose to 57.3 from 54.9 in September and 46.0… Continue Reading Midwest survey suggests growing economic optimism

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The Federal Reserve, meeting for the last time before an election that hinges on the weak economy, edged closer Tuesday to jumping in to help and suggested it’s more worried about prices falling than rising. The central bank gathered as new figures showed some improvement in home construction. But those same figures showed the pace… Continue Reading Fed moves closer to new action to help economy

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Airline industry rebounding strongly, group says

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Global airlines have rebounded faster than expected from the recession after losing nearly $26 billion over 2008 and 2009, the industry association said Tuesday, raising its profit forecast for this year. The International Air Transport Association said airline profits for 2010 will likely total $8.9 billion on revenue of $560 billion, more than the group’s… Continue Reading Airline industry rebounding strongly, group says

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Economic panel says recession ended in 2009

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The longest recession the country has endured since World War II ended in June 2009, according to a group that dates the beginning and end of recessions. The National Bureau of Economic Research, a panel of academic economists based in Cambridge, Mass., says the recession lasted 18 months. It started in December 2007 and ended… Continue Reading Economic panel says recession ended in 2009

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Survey suggests weak rural Midwest, Plains economy

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A survey of rural bankers in 10 Midwest and Plains states suggests the rural economy will remain weak in the months ahead despite the strength of farming. The overall Rural Mainstreet index remained in negative territory in September but increased slightly to 47.6 from August’s 46, according to the report released Thursday. Any score below… Continue Reading Survey suggests weak rural Midwest, Plains economy

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Goodwill thriving in a bad economy

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Randy and RayAnne Smith did a bit of shopping last weekend. Wearing a gold watch, a sports coat and a Ralph Lauren oxford, Randy perused the men’s section while RayAnne, in a trendy skirt and matching jacket, sorted through ladies’ shoes. The retired small-business owners have shopped for years at places like Neiman Marcus, Nordstrom… Continue Reading Goodwill thriving in a bad economy

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Stock indexes moved lower Thursday as a drop in new claims for unemployment benefits wasn’t enough to resolve worries about the economy. The Dow Jones industrial average fell 59 points in afternoon trading, hovering just around the 10,000 level, after getting an early 45-point lift from the weekly unemployment report. Broader indexes also dipped. The… Continue Reading Stocks slip as caution about the economy returns

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Transwest, a Commerce City-based big rig sales and service company, plans to open a $4 million, 39,000-square-foot dealership in Fountain this November. City leaders hope that will get Fountain’s economic wheels rolling again — but more importantly, growth in the trucking industry is a good signal that the economy is recovering. Transwest bought the property… Continue Reading Truck sales, service outfit plans Fountain dealership

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You’re a well-paid professional with a stable job. You have deep roots in your community. Three years ago, you bought your dream house. It’s a five-bedroom, three-bath home in a new development with nearly an acre of ground. You paid a little more than $550,000 for the home, putting down $120,000 to avoid paying the… Continue Reading Here’s an idea: Let’s flood the economy with liquidity

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General Motors Co. said Thursday it made $1.33 billion in the second quarter, a sign it’s getting healthier as it prepares to sell stock to the public. It was the second straight quarterly profit for the Detroit automaker, which made $865 million in the first quarter, and sets the stage for GM to file paperwork… Continue Reading GM posts $1.33 billion profit, a sign of strength

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