Colorado’s oil and gas industry uses enough water for 79,000 homes – every year, said the Denver Post. A study done by the Western Resource Advocates shows that the industry uses between 22,100 and 39,500 acre feet a year, just about enough to meet the needs of Douglas County residents, the study said. Read more […]
About two dozen couples, individuals and corporations have poured millions into the super political action committees for the Republican party candidates, reports the New York Times, apparently changing and influencing the presidential race. Collectively, their total contributions equal $50 million in this election cycle. They have few Democratic counterparts, at least so far. The contributors […]
Worries over the Greek debt situation led the Standard & Poor’s 500 to break its five-week rise in stock prices, according to Bloomberg. Citigroup, Bank of America and Morgan Stanley dropped 1.2 percent, while energy companies Alcoa and Halliburton dropped the same amount. Read more at Bloomberg.
A Colorado oil company wants to build a pipeline from North Dakota to a hub in northern Minnesota, said the Denver Post. Saddle Butte Pipeline is hoping to build the 450-mile pipe to move 150,000 barrels of oil a day. Read more at the Denver Post.
Colorado’s troubled high-risk health insurance pool is asking the federal government for $15 million, twice what it originally asked for, says the Denver Post. Colorado got $5 billion out of a $90 billion pool to help high-risk patients receive insurance after the Affordable Care Act passed. Extemely high costs from the “sickest of the sick” […]
The Legislature killed a bill yesterday that would have created a navigator in each department to help businesses comply with regulations, reports the Denver Business Journal. Business owners have frequently complained that the state system is cumbersome and they have a hard time cutting through the red tape. But Republican lawmakers didn’t think the bill […]
Several Colorado cities are suing online travel companies, saying that the companies are not paying the cities’ lodging and sales taxes, said the Aspen Daily News. Vail and Telluride have already signed on to the suit started by Breckenridge. Aspen is considering joining the class action suit. The suit names 21 defendants – Expedia, Hotels.com, […]
AT &T, Vertizon and T-Mobile say they need a larger share of radio waves that carry cell phone calls and wireless data, according to the New York Times. The wireless carriers say that in the next few years they may not have enough of it to meet the exploding demands for mobile data. And the […]
Colorado ranks 11th in the nation for average pay, according to the Denver Business Journal. Workers in the state earned an average of $47,510 in 2011, said the U.S. Bureau of Labor Statistics. That amounts to $22.84 an hour. Read more at the Denver Business Journal.
Wal-Mart is the subject of a U.S. Justice Department probe into alleged bribery in its Mexican division, Bloomberg reports. The Justice Department is investigating whether the retail giant violated the Foreign Corrupt Practices Act. Wal-Mart is conducting its own review of allegations that its representatives paid local officials in Mexico to get stores opened faster […]
Denver has been rated second in the West for its small business climate, only Salt Lake City scored higher, according to the Denver Business Journal. Denver was compared to 22 other metropolitan cities across the west by G. Scott Thomas. Read more about the analysis at the Denver Business Journal.
Colorado’s regulators have closed Earth Medicine a medical marijuana company that is being investigated by the federal government for illegally operating a black-market marijuana growing facility. Earth Medicine had not applied for a state license, and the federal government raided it last month. The state says the dispensary was in “non-compliance,” according to the Denver […]