Content Tagged As economy

1 year 1 month ago

Pueblo jail near capacity

PUEBLO - The Pueblo County jail is nearly full. The inmate population is up at least 12 percent this year and there are just 10 of the jail's 720 beds available. In fact, there are enough female inmates at the jail that guards had to pull out spare "sled"...

1 year 1 month ago

Obama: Washington took its eye off economic ball

GALESBURG, Ill. (AP) - President Barack Obama is accusing Washington of taking "its eye off the ball" and getting distracted from the economy. The president is trying to refocus debate on pocketbook concerns after months that have been dominated by what he calls "phony scandals" and "stale debates." Obama's remarks...

1 year 1 month ago

How much does cyber crime cost?

Cyber criminals cost the U.S. economy roughly a hundred billion dollars a year and perhaps as many as half a million jobs. In a report from McAfee, analysts looked at a variety of malicious cyber activities, including loss of intellectual property and information, service disruptions, and security upgrades after...

1 year 3 months ago

City Council weighs recreational pot vote

COLORADO SPRINGS - Medical marijuana stores have been selling cannabis in Colorado Springs for about four years. Like other businesses in town, they pay taxes and licensing fees. This summer, City Council will decide whether to expand the local industry to include recreational marijuana businesses. Advocates like Bob Wiley...

1 year 7 months ago

Obama will submit his budget in March

WASHINGTON (AP) - An administration official says President Barack Obama plans to submit his 2014 budget plan to Congress in mid-March. The budget was supposed to have been released last week but the White House says it's been delayed by passage of legislation last month to avert the so-called fiscal...

1 year 7 months ago

City fracking ban unlikely

COLORADO SPRINGS - Energy companies may soon be drilling for oil and natural gas near Colorado Springs neighborhoods. City Council held a work session Tuesday hear from members of the state oil and gas commission about new environmental restrictions on drilling. Oil companies have expressed interest in drilling wells...

1 year 8 months ago

Local job market still lags national trend

COLORADO SPRINGS - Even with the national unemployment rate holding steady at 7.8 percent in December, those who are out of work in Southern Colorado face a more challenging job market. In November, the most recent month available, there were 25,765 people unemployed in El Paso County, or roughly...

1 year 8 months ago

Economists release CO projections before session

DENVER (AP) - Colorado lawmakers are getting details of the state's revenue outlook before starting the 2013 legislative session next month. State economists will present lawmakers with their quarterly projections on Thursday and brief them on how much money they can expect to have to spend. The federal fiscal cliff...

2 years 1 month ago

Romney says attacks on business, taxes a diversion

WASHINGTON (AP) - Republican candidate Mitt Romney says attacks on business and taxes are just diversions from discussing issues and positions in the presidential race. Romney's personal taxes and his business activities have come under intense criticism from the campaign of President Barack Obama and its allies. In an interview...

2 years 1 month ago

Most local Colorado economies improving

DENVER (AP) - Colorado communities say local economies are improving, but some say they are still falling behind. A survey by the Colorado Municipal League shows a majority of the businesses contacted said they are growing, but more than a quarter reported Wednesday that they are flat or below par...

2 years 2 months ago

Is Colorado "prettier" than others?

Is it possible that Colorado is "prettier" than other states? Many of you who live here definitely say yes. A Headwaters Economics study done recently says the outdoor quality of life in Colorado leads people to move here, find jobs here, and stay here. Its attractive advantage over other states...

2 years 6 months ago

Spiking gas prices stun drivers

No your eyes aren't playing tricks on you. That photo really does show a 20 cent price jump at the same local gas station since Monday. In the past 30 days average price for a gallon of unleaded gasoline in Colorado Springs has risen by $0.50. Wave Dreher of...

2 years 8 months ago

State revenue forecast to be made today

DENVER (AP) - Colorado economists are presenting the state's latest revenue forecast as lawmakers prepare to start the 2012 session next month. Gov. John Hickenlooper's economic team and nonpartisan legislative economists will present their forecasts to the Joint Budget Committee this morning. The report to lawmakers plays a role...

2 years 9 months ago

Local jobs at stake in budget stalemate

Thousands of local jobs are in jeopardy after the Congressional "Supercommittee" failed to agree on spending cuts. The stalemate triggered $1 trillion in automatic cuts to Medicare and defense spending. Economist Fred Crowley of Southern Colorado Economic Forum says any cuts in defense spending will have a direct, negative...

2 years 11 months ago

Health of economy in Southern Colorado

Friday marked the 15th Annual Southern Colorado Economic Forum. It was held at the Antlers Hotel in downtown Colorado Springs. The forum brings together economists, business owners, and experts from public, private and academic sectors. Experts and business owners talk about the overall health of the local economy....

2 years 11 months ago

Dollar rises against euro on safety appeal

WASHINGTON (AP) - The dollar is rising against currencies seen as riskier after weak Chinese trade data raised worries about global economic growth. China's trade surplus narrowed for a second straight month in September. Weaker spending by overseas consumers caused exports to decline, a troubling sign for the U.S. other...

2 years 11 months ago

Army facing cut backs and getting creative

WASHINGTON (AP) - Defense Secretary Leon Panetta says the Army must be creative in figuring out what it will look like in a future of declining defense budgets. Speaking Wednesday at the annual meeting of the soldier advocacy group Association of the United States Army, Panetta said the military...

2 years 11 months ago

Corn surplus may affect food prices

WASHINGTON (AP) - Food prices could rise more slowly next year because farmers have a bigger surplus of corn on hand than previously thought. The Department of Agriculture estimates farmers have 206 million more bushels of surplus corn on hand at the start of this year's harvest. That means...

2 years 11 months ago

Telmosse giveaway needs a space

For decades the Bob Telmosse Giveaway has been a place for families in the Pikes Peak region to get a Christmas dinner and new toys for their kids, free of charge, no questions asked. But this year organizers are wondering exactly where that place will be. With so many...

2 years 11 months ago

Consumer spend more, but their incomes fall

WASHINGTON (AP) - Consumers spent slightly more last month, but they earned less for the first time in nearly two years. The new data on spending and incomes suggest Americans tapped their savings to cope with higher gas prices and a weaker economy. The Commerce Department says consumer spending...

2 years 11 months ago

Studying downtown

The University of Phoenix is no longer housed in the University of Phoenix Tower in Colorado Springs. That campus has officially moved into the bottom floor of the Holly Sugar Building Downtown. The new space is more centrally located for working professionals, who primarily make up the school's student...

3 years 1 week ago

NFL season jumpstarts the economy

NEW YORK (AP) - When the NFL and players struck a deal to end the league's lockout, they didn't just save the football season that begins its first full day of games on Sunday. They saved the most profitable sport in America, the most popular show on TV and billions...

3 years 3 weeks ago

Gold prices plunge more than 5 percent

Gold prices are plunging as investors grow more confident about the global economy. Gold fell $104, or 5.6 percent, to settle at $1,757 an ounce Wednesday. It's the steepest percentage drop since March 2008. Gold is still is up 24 percent for the year. Investors have been buying...

3 years 1 month ago

GOP goes on the attack over Obama economy

WASHINGTON (AP) - Republicans are using their weekly address to criticize President Barack Obama on the economy, particularly government regulations. Sen. Pat Toomey of Pennsylvania says the regulations are overly burdensome and therefore discouraging businesses from expanding and hiring. He says "Clearly, the policies of this administration are not...

3 years 1 month ago

Concern and hope for local economy

"I know first hand that the job market is pretty tough," says Jose Dominguez, a Colorado Springs resident. It took Dominguez a couple of months to find work when he first moved to Colorado Springs, and he knows others who are looking. David Welker, a Fort Carson soldier, says...

3 years 1 month ago

Unemployment rate dips, adds 117K jobs

WASHINGTON (AP) Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent, an optimistic sign after the worst day on Wall Street in nearly three years. The Labor Department says employers added 117,000 jobs last month. That's an improvement from the past two months. The mild...

3 years 1 month ago

Unemployment report due Friday morning

WASHINGTON (AP) - Amid worry about the U.S. economic slowdown,the government issues the monthly unemployment report Friday morning. Economists look for it to show that employers added 90,000 jobs. The unemployment rate is expected to remain unchanged at 9.2 percent. That would be an improvement over June, when the economy...

3 years 2 months ago

Inflation pressures ease as gas prices fall

WASHINGTON (AP) - Companies paid less for raw materials and factory goods in June, evidence that inflation pressures are weakening as gas prices fall. The Labor Department says that the Producer Price Index, which measures price changes before they reach the consumer, declined 0.4 percent in June, the steepest drop...

3 years 2 months ago

Rodeo brings fun, economic boost

It's time once again for the 71st Annual Pikes Peak or Bust Rodeo. It brings in tens of thousands of fans from all over the country. This year is no exception. "Last year we had just over 27,000 (people) for the duration of the rodeo. This year we're expecting closer...

3 years 2 months ago

Tax revenues up in Colorado

DENVER (AP) - The Colorado Municipal League says sales tax revenue increased an average of 6.5 percent across the state during the first four months of this year compared to the same time span last year. The organization says in a survey released Wednesday that 62 percent of cities and...

3 years 2 months ago

CO GOP decries lack of progress with business regs

DENVER (AP) - Republican lawmakers say their efforts to help Democratic Gov. John Hickenlooper promote a business-friendly environment have been stifled - by Democrats. They say Senate Democrats killed Republican-sponsored bills aimed at easing business regulations. Democrats argue that Republicans should've done a better job of getting support from the...

3 years 2 months ago

Hill Climb tourism booming

It's that time of the year again when tourists and competitors alike take to the top of America's Mountain for the Annual Pikes Peak International Hill Climb. Local merchants couldn't be any happier about it. Eric Bala and his wife have been running the Rainbow Lodge near Manitou Springs for...

3 years 3 months ago

Some state post offices to close

DENVER (AP) - The U.S. Postal Service is proposing shutting down 11 post offices in Colorado and nine in Wyoming to help deal with a budget shortfall. The Denver Post reports that western area USPS spokesman Al DeSarro says communities are being notified of the closures following an $8.5...

3 years 3 months ago

Cashing in on a dirty job

A Colorado Springs man is seeing green when many dog owners only see brown. His pooper scooper business is growing, even in a down economy. Brad Gouveia started Backyard Pooper Scooper in 2007 and has steadily grown a loyal customer base. Things are going well enough that he's hired...

3 years 3 months ago

Jobs are underway

If you are hunting for a job in Colorado Springs, you are in luck. A veteran company, Entegris, is creating a new facility, and along with it, one hundred new jobs will be created. The Economic Development Corporation made the announcement this morning at the Antlers Hilton Hotel in...

3 years 4 months ago

Farm boom continues

OMAHA, Neb. (AP) - The Federal Reserve Bank of Kansas City says the farm boom is continuing this year as high crop prices and improved livestock prices combine to drive farm income higher. The Fed said Friday that robust farm income in region helped drive cropland values up roughly...

3 years 4 months ago

Retail sales looking up

NEW YORK (AP) - Retailers are reporting strong April sales that were helped by a late Easter, capping off a solid spring season. However, some stores are starting to warn that shoppers are facing increasing pressure from high gas prices. As merchants report their results Thursday, a diverse group, including...

3 years 4 months ago

Gas prices once again rising

Gas prices are up once again. Right now we are paying the most we've ever paid during springtime. In Colorado Springs and Pueblo a gallon of regular has jumped up 56 cents since February according to AAA. "It's terrible. It's like another monthly bill." says Erica as she filled up...

3 years 5 months ago

Western Slope job outlook poor

GRAND JUNCTION, Colo. (AP) - Despite new job orders in energy and construction, Colorado's Western Slope is coping with near-record jobless rates. Grand Junction's unemployment rate has tripled in the past two years and stands at above 11 percent. Mesa County reports that several hundred people apply for...

3 years 6 months ago

Gas prices still on the rise

It seems every week you're paying more at the pump. One of the worst areas hit, a gas station in Florida near the Orlando International Airport. The price? Try $5.39 for a gallon of regular! Here in Southern Colorado it's not as bad, but we've still seen an increase over...

3 years 6 months ago

Improving economy raises hopes for better hiring

WASHINGTON (AP) Economists are expecting a strong report on job growth in February, bolstered by news that fewer people sought unemployment benefits last week than in any week in nearly three years. The sharp decline in applications for unemployment benefits, along with positive reports Thursday from retailers and the...

3 years 7 months ago

Safe 2 Tell may lose funding

Safe 2 Tell, a popular school resource designed to keep your students safe may hit the financial chopping block. The program has been in Colorado schools since 2004. Through its website, phone number and text system, students can anonymously report problems at school ranging from bullying and drug use to...

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