Tag: Inflation
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Survey: More than half of Americans cutting expenses
More than half of Americans, 52%, have cut back on daily expenses and 44% are delaying large purchases because of inflation, according to a survey released by Greenwood Village-based Empower, formerly Empower Retirement. With inflation hitting a new high Wednesday, 9.1%, the July Empower survey shows how spending and savings habits have changed — sometimes…
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Colorado business leaders believe recession is here, or looming: Survey says
About 80% of Colorado business leaders believe the U.S. economy has either already entered a recession or will do so by 2023, according to the Leeds Business Confidence Index survey released Wednesday by the University of Colorado Boulder’s Leeds School of Business. Pessimism oozed out of the report, which covers most of the second quarter…
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PUC allows Xcel to recover $500 million from customers for Winter Storm Uri fuel costs
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado’s energy regulators approved Xcel Energy’s request to recover $500 million from its customers for the company’s extraordinary fuel costs during a four-day winter freeze in 2021, even as they expressed misgivings at how Colorado’s biggest utility company handled the cold snap. In granting Xcel’s…
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Former Interior secretaries Bernhardt, Norton back Joe O’Dea in Republican US Senate primary
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Two Colorado Republicans who served as secretary of the Interior on Saturday endorsed Joe O’Dea in the GOP primary for the U.S. Senate seat held by Democrat Michael Bennet. Gale Norton, a former state attorney general, and David Bernhardt, an energy and natural resources attorney,…
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EDITORIAL: Inflation hurts the poor, as the wealthy drink lattes
A popular meme tells Americans to stop fussing about inflation. Variations are rampant on social and legacy media platforms. We hear the message from politicians and pundits throughout the free world. Here’s a Facebook version shared Tuesday by our friend and colleague, the venerable Harvard graduate and syndicated columnist Ruben Navarrette — a man who…
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Colorado’s politicos pan, praise Biden’s first year in office
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Even as U.S. President Joe Biden sought to rally Americans at home and allies abroad against the Russian invasion of Ukraine, Republicans and Democrats in Colorado remained deeply divided, with some GOP members blaming the president for Vladimir Putin’s war in Europe. The president’s allies…
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Report: Colorado economy in ‘recovery mode’
Colorado’s employment will recover to pre-pandemic levels this year, with some industries already fully recovered, and the state’s inflation rate remained lower than the national average last year, according to the Colorado Secretary of State’s Quarterly Business & Economic Indicators report for the fourth quarter of 2021. “The state is in recovery mode,” according to…
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Wright: Solving the affordable housing crisis
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado is facing an affordable housing crisis as both the demand and the cost of entry-level homes continues to skyrocket, while housing construction, particularly in the areas of condominiums, remains largely nonexistent. Some have argued the absence of affordable housing construction, which condominiums and starter…