Inter Reef Ltd. seemed to offer the deal of a lifetime. The Internet-based investment company promised investors would “Get richer with every sunrise,” with a daily return on the investment of 1.5 to 2.5 percent. It promised it used Biblical values to invest money, with short-term “hard money loans” to businesses throughout the United States […]
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Wells Fargo Senior Economist Dr. Eugenio J. Aleman said “consumers are hanging in strong with expectations,” as shown by Wells Fargo’s conference board’s consumer confidence index, which posted a strong-enough comeback to hint at a potential recovery of consumer confidence during 2008.
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With 77 million baby boomers headed for retirement, nearly every facet of corporate pension plans will be subject to analysis and change. That’s the result of discussions from the recent “Pensions and Retirement Conference” held by The Conference Board. The decline in defined benefit plans and the rise in defined contribution plans – combined with […]
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Charles Lamb never thought he would work for a bank, but he’s found a passion during his three years at Central Bancorp. The 34-year-old marketing director moved to the Springs to take the position in 2010, leaving the home he made for himself in Indianapolis. Starting in public relations for the Indiana Governor’s Office, he […]
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As soon as entrepreneurs buy or start up a business, they should have an exit strategy. Reality, however, is that many business owners only realize this much farther down the road — say, about the time they realize they don’t want to run a company every single day for the rest of their lives. Trekking […]
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In a world of few constants, one thing’s for sure: College is expensive, and it’s only growing more costly. Local institutions of higher learning are no exception. UCCS, for instance, saw an increase in its full-time freshman and sophomore tuition rates from $4,695 for Colorado residents prior to the 2013 fall semester, to just short […]
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For banking and finance, local industry was characterized by intense competition, bank-hopping executives, relationship-building, Frank-Dodd Act compliance challenges and, finally, the return of lending.   January 10 National spotlight: Pikes Peak National Bank recognized Robin Roberts took a seat under some bright lights and the video cameras started rolling. Roberts, president of Pikes Peak National […]
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5 Star Bank is providing the financing for The O’Neil Group’s purchase of 6 N. Tejon St.,the former Chase Bank building. It’s one of the largest deals for the local bank, and CEO Mike League hopes that it is only the first of many between his bank and defense companies. “We’re dependent on the Department […]
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Rob Slee was the keynote speaker at the inaugural Private Capital Markets Conference held Tuesday at Cheyenne Mountain Resort. Slee is managing director of Robertson and Foley, and an adjunct faculty member at Loyola University. He has written several books and hundreds of articles about private finance. The conference was sponsored by BiggsKofford, The Jensen Group at Smith Barney and U.S. Bank.
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Wells Fargo economists predict healthy economic growth in 2007, and if that weren’t enough good news, they also say U.S. households on average have never been better off in the wealth department. Growth is predicted despite the current economic slowdown, Federal Reserve interest rate increases, home price declines, higher oil prices and the war in Iraq.
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What would happen to your business if, for instance, a water main broke nearby and employees and customers could not access your building for 10 days? Many entrepreneurs are so busy with the day-to-day responsibilities and challenges of running a business that they forget to prepare for the inevitable. And, no, that’s not being pessimistic.
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I was talking to a friend the other day about the story in this week’s paper about whether American’s are saving enough for retirement when he started bragging about how he will be a millionaire by the time he is 55 because of his investment portfolio. The goal of becoming a millionaire is a growing starry-eyed dream of many people in America. It has motivated quiz shows and rock songs lyrics. Like the Barenaked Ladies’ sang, “If I had a million dollars, I’d be rich.”
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