As the nasty rhetoric and sputtering negotiations finally began leading toward a deal this week in Congress, ending the government shutdown and averting a potentially larger financial trauma over the federal debt ceiling, you could sense a huge exhale of relief across much of Colorado Springs and the Pikes...
The Pikes Peak region saw both ups and downs during the fourth quarter of 2014 as the economy continued to climb slowly from recession-era lows, according to a report by the Southern Colorado Economic Forum. The report’s primary component, the Business Condition Index, indicated that the “local economy performed well...
Is Colorado Springs finally emerging from its long economic funk? Are we at last moving forward into the broad, sunlit uplands that Winston Churchill believed awaited England once Nazi Germany was vanquished? It took England decades to shake off the wounds of war, shed its colonial empire, restructure social and...
Oil rose Wednesday on renewed optimism about the U.S. economy, as traders took their cue from higher stock prices. Benchmark West Texas Intermediate crude for September delivery rose $1.25 to $87.89 per barrel in midday trading on the New York Mercantile Exchange. Brent crude, which is used to price many international oil varieties, increased by […]
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The national economy this year will continue to improve, following the slight upward trend of the 2014 economy, according to a certified financial planner with UMB Financial Corp. Business owners remain optimistic and will spend more money and hire more people this year, predicted KC Mathews. Mathews, executive vice president and chief investment officer at […]
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The Southern Colorado Economic Forum confirmed Friday that it has hired a new director to start this summer, relieving current directors Fred Crowley and Tom Zwirlein. Tatiana Bailey, who now works as an instructor at the University of Michigan and Walsh College, will become the Forum’s new director on June...
The Colorado Springs Chamber of Commerce and the Colorado Springs Economic Development Corp. will release a “press advisory” tomorrow for a major announcement. The two groups also plan to hold a press conference Tuesday – time and date to be set later – for a major announcement. Original plans for a Friday press conference were […]
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Your dog needs emergency surgery but you don’t have the cash. And your next payday isn’t for another couple of weeks. One possible solution, if you want your pooch to thrive, is to apply for a payday loan to get quick cash. You’ll come away with a healthy dog, but you’ll pay high interest rates […]
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Colorado Springs residents started getting their holiday shopping on in November, pouring $10.2 million into city coffers with sales and use tax. The City is reporting that sales and use tax collections in December, which represent sales activity in November, are up 14.1 percent over the same month last year. So far, that is the […]
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U.S. automakers rebounded in July to boost factory production by the most since the Japan crisis. But builders broke ground on fewer single-family houses, leaving home construction at depressed levels. The mixed data suggest the economy remains fragile but is not on the cusp of another recession. Overall industrial production, which includes output by utilities, […]
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Once wrecked, then patched up for several years, the economy locally continues to improve, rolling along at a modest pace. Not that the region — or the nation, for that matter — ought to expect robust growth any time soon, if ever. “The new normal” of economic growth, as Jim Paulsen, chief investment strategist at […]
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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...