Tag: inflation
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EDITORIAL: Colorado’s growing list of turnoffs
Colorado is now the nation’s fourth-most-expensive state to live in and third-least-attractive in which to open new businesses. Let those stats soak in. That’s No. 47 for affordability and No. 48 for new businesses per thousand residents. As The Gazette reports, the Colorado Chamber of Commerce’s Colorado Scorecard charted the state 34th in affordability just…
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Colorado Springs area retail market remains strong though challenged amid inflation, global conflict
The retail market in the greater Colorado Springs area remains strong though challenged, with residents being choosier about where and how they spend amid rising retail costs driven by inflation, tariffs and global conflict, local industry experts said. Even as the cost of doing business has increased, retail vacancies have fallen across Colorado Springs, new…
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Colorado revenue forecast worsens, pushing budget shortfall to nearly $1.5B
The latest revenue forecasts from economists at the state Capitol show that the state’s budget predicament has worsened — by hundreds of millions of dollars more. That, in turn, means cuts programs and services in next year’s fiscal budget will go much deeper. The state’s fiscal predicament also means no refunds for Colorado residents. Economists…
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EDITORIAL: Faulty policies make costly Colorado costlier
Life is far more costly in the post-pandemic landscape than it was back in 2019. That’s the unfortunate reality we live with today. But why? And why haven’t prices come back down? An expansive new report from the nonpartisan Common Sense Institute — “The Inflation Hangover: How the Post-Pandemic Price Surge Reshaped Affordability in America”…
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Poll: Gov. Jared Polis’ favorability rating drops below 50%
Gov. Jared Polis’ favorability rating has dropped below 50%, according to a recent poll. The November poll, conducted by the Colorado Polling Institute, surveyed 622 Colorado voters about a number of issues, including affordability, the state’s economy and their opinions on elected officials. Back in March, just over half of respondents said they held a…
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Bank of England holds main UK interest rate at 4% as inflation remains almost double its target
LONDON (AP) — Bank of England holds main UK interest rate at 4% as inflation remains almost double its target.
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Tougher times ahead? Recent Colorado Springs restaurant closures highlight ongoing industry challenges
Industry leaders worry more closures could be on the horizon.
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Colorado economic indicators a mixed bag in the second quarter, new report finds
Colorado’s key economic indicators were mixed for the second quarter, according to a report released Monday by the University of Colorado Boulder and the Colorado Secretary of State. Job growth is up, but so is unemployment. Inflation is cooling, yet prices remain high. The number of new businesses registering with the state dropped, though the…
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Federal judge blocks Colorado’s new cap on interest rates for out-of-state banks
A federal judge on Tuesday concluded Colorado may not subject out-of-state banks to Colorado’s interest rate caps when they lend to Colorado residents, as envisioned under a new consumer protection law set to take effect on July 1. U.S. District Court Judge Daniel D. Domenico issued a preliminary injunction applying to members of three banking…
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Some older Americans splurge to keep homes accessible while others struggle to make safety upgrades
Living at home as long as possible is preferred by a vast majority of adults over 50