The Economy
1/22/2013
An inside look at Ft. Carson growth
Posted 5:42 PM 1/22/2013 by Matt Stafford
There's a lot of construction going on right now at Fort Carson, but the centerpiece is the new Combat Aviation Brigade.
News 5 got an exclusive tour on Tuesday.
The Combat Aviation Brigade is $700 million worth of construction, putting up about 15 to 20 buildings over the next four (More)
1/21/2013
AP Interview: WEF founder still sees crisis risks
Posted 10:54 AM 1/21/2013 by Lauren Molenburg
DAVOS, Switzerland (AP) - The world has no yet escaped the risk of a collapse in the global economy despite some renewed confidence heading into 2013, the founder of the World Economic Forum told The Associated Press on Monday.
Swiss economist Klaus Schwab, speaking on the eve of the elite (More)
House to vote Wednesday on raise in debt limit
1/20/2013
Fiscal cliff deal slows Colorado revenue gains
Posted 10:39 AM 1/20/2013 by Matt Stafford
DENVER (AP) - Colorado state government stands to lose $45 million in the current fiscal year and $100 million in the next one because of tax changes included in the federal fiscal cliff agreement. The Denver Post reports that the revenue cuts will come in estate tax revenue. (More)...
1/19/2013
Denver rally calls for campaign finance changes
Posted 10:57 AM 1/19/2013 by Matt Stafford
DENVER (AP) - A group of campaign finance activists are rallying in Denver to call for new limits on campaign funding. The activists are marking the third anniversary of a Supreme Court decision that declared that corporations enjoy the same First Amendment rights to free speech as (More)
1/17/2013
GOP business idea dies hasty death in Legislature
Posted 8:54 AM 1/17/2013 by Lauren Molenburg
DENVER (AP) - A Republican proposal aimed at reducing business regulations has died a hasty death in the Colorado Legislature, where Democrats say the proposal is well intentioned but unnecessary. A Senate committee voted Wednesday to reject a bill that would have required state (More)
1/15/2013
Laid-off man wins $1 million from lottery
Posted 7:12 PM 1/15/2013 by Matt Stafford
MERLIN, Ore. (AP) - Laid off since May, Riley Gunn was driving his wife and kids home to their cabin in the woods in Southern Oregon after registering for computer programming classes, when he pulled off the freeway to buy corndogs for the kids. Gunn says he decided to also buy a (More)
Fitch warns it may downgrade US over debt standoff
Fitch cautiously optimistic over euro debt crisis
1/13/2013
'Zero Dark Thirty' captures No. 1 at box office
Posted 12:47 PM 1/13/2013 by Matt Stafford
LOS ANGELES (AP) - "Zero Dark Thirty" hunted down the top spot at the box office - and easily won it. Studio estimates Sunday show the controversial Osama bin Laden manhunt drama nabbed first place with $24 million in its first weekend as a wide release. "Zero Dark Thirty" (More)
1/10/2013
New federal rules aim to curb risky mortgages
Posted 8:00 AM 1/10/2013 by Garrett Boyd
WASHINGTON (AP) - The Consumer Financial Protection Bureau has rolled out new rules designed to ensure that mortgage borrowers can afford to repay the loans they take out. The rules, which take effect next year, impose a range of obligations and restrictions on lenders. (More)...
1/9/2013
Drought relief for farmers in 43 Colorado counties
Posted 6:21 PM 1/9/2013 by Matt Stafford
DENVER (AP) - Thirty of Colorado's 64 counties have been designated as primary natural disaster areas due to severe drought and heat, making farmers and ranchers there and in adjacent counties eligible for low-interest emergency loans from the Farm Service Agency. Agriculture (More)
Governors warn Congress over debt limit
1/8/2013
Money confusion in Elbert County
Posted 8:23 PM 1/8/2013 by Matt Stafford
New county commissioners were sworn in Tuesday in Elbert County; as they begin the new year work continues on budget issues for the county, but there's confusion on how big the problems really are.
The confusion began in December; it was (More)
1/5/2013
Starbucks opens first shop in Vietnam
Posted 11:11 AM 1/5/2013 by Matt Stafford
HANOI, Vietnam (AP) - Nghiem Ngoc Thuy has been slinging coffees to thirsty Vietnamese for 20 years in her colonial-style villa with peeling shutters, and she and her customers aren't too worried that the imminent arrival of U.S. giant Starbucks will alter their time-tested coffee traditions. (More)...
Vets face confusion using GI Bill at state schools
1/4/2013
Local job market still lags national trend
Posted 5:25 PM 1/4/2013 by Andy Koen
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 (More)
1/2/2013
US hits borrowing limit, moves to avoid default
Posted 9:09 AM 1/2/2013 by Lauren Molenburg
WASHINGTON (AP) - The U.S. government is running up against its $16.4 trillion borrowing limit and is taking steps to avoid default. Reaching the limit Monday sets up another dispute between the White House and Congress over taxes and spending in the new year. Treasury (More)
Bennet among 8 senators voting no on cliff deal
12/31/2012
Scramble ahead of fiscal cliff deadline
Posted 6:37 PM 12/31/2012 by Matt Stafford
The uncertainty leading up to the midnight deadline for Congress for the fiscal cliff is creating a lot of hustle and bustle in southern Colorado. Some locals seem to be bracing for the impact if we completely fall off.
Monday was a busy morning at the Goodwill donation center near N. (More)...
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