November 28, 2011
The Bureau of Economic Analysis reported that its advance estimate place economic growth at a 2.5 percent annual rate during the third quarter, more than three times the pace of the first half of the year. The most important contribution to Gross Domestic Product was domestic aggregate demand, which rose 3.6 percent annualized, the second biggest quarterly gain in five years.
Some positive news also came from the latest retail sales report, which showed the fifth straight monthly More...
November 21, 2011
Bloomberg.com recently reported that the number of Americans filling applications for unemployment benefits fell to the lowest level in seven months. Viewed as a sign of economic recovery by some, jobless claims fell by 10,000 to 390,000 in the week ended November 5th, according to the Labor Department.
The number of people on unemployment benefit rolls decreased, while those getting extended payments rose. According to Bloomberg, waning dismissals pave the way for bigger gains in More...
Builders broke ground on more homes than forecast in October and construction permits climbed to the highest level since March 2010, according to Bloomberg.com. Some believe that this increase is a sign that housing may become less stagnant in the third year of economic recovery.
Starts decreased 0.3 percent to a 628,000 annual rate from September’s 630,000 pace that was slower than previously reported, according to the Commerce Department. The median estimate of economists More...
November 8, 2011
As the winter soltice approaches, afternoon dusk will play the early visitor. Daylight is officially shortened. Adjusting to the dark? The brilliance of less daylight, is discovering what we can do with darkness…light it up!
A quick drive around the micro neighborhoods of this late autumn/ early winter wonderland will lighten any life. Larimer Square is dazzling in a canopy of white lights that stretch the entire city block. Cherry Creek North is wired in tiny white lights along More...
