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Springs listed as No. 4 U.S. military boomtown

Colorado Springs came in at No. 4 among America’s top 10 military boomtowns, according to a list compiled using U.S. Bureau of Statistics data from 2009 to 2011. The list, compiled by Texas-based tech startup SpareFoot Inc., showed that Colorado Springs has seen average annual population growth of 2.3 percent and an annual per-capita income… Continue Reading Springs listed as No. 4 U.S. military boomtown

Economy grows at slightly faster pace in Q3

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The government’s latest reading on economic growth offers little benefit to Democrats who face deep losses in Tuesday’s elections. The economy grew slightly faster last summer as Americans spent a little more – but far too little to reduce the high unemployment that is frustrating voters. The Commerce Department said Friday that the economy expanded… Continue Reading Economy grows at slightly faster pace in Q3

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Stocks fell Friday after the government said the economy grew at a slightly slower pace in the first quarter than was expected. A drop in consumer sentiment contributed to the selling. The gross domestic product rose at a 3.2 percent annual pace in the January-March period. Economists forecast GDP would rise 3.4 percent. While the… Continue Reading Stocks turn lower after weaker-than-expected GDP

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As U.S. struggles, India poised for growth

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India’s economic growth is likely to return to pre-crisis levels in the next fiscal year, driven by strong industrial and agriculture growth. The Centre for Monitoring Indian Economy expects Asia’s third largest economy’s gross domestic product to grow by 9.2 percent during 2010, up from 6.9 percent in 2009. “In fiscal 2010/11, real GDP growth… Continue Reading As U.S. struggles, India poised for growth

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Health care spending down, CMS says

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Nominal health spending in the United States grew 4.4 percent in 2008, to $2.3 trillion, or $7,861 a person, according to data from the Centers for Medicare and Medicaid Services. The number is the lowest since CMS started tracking expenditures during 1960. However, health care spending continues to outpace overall economic growth, which grew by… Continue Reading Health care spending down, CMS says

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While most state’s economic growth slowed last year, Colorado’s growth of 2.9 percent remained comparatively strong, ranking fourth in the nation. North Dakota ranked first with 7.9 percent growth, Wyoming second with 4.4 percent and South Dakota third with 3.6 percent. Real GDP growth slowed in 38 states, with downturns in construction, manufacturing, and finance… Continue Reading Colorado economic growth comparatively strong in 08

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