Tag: Recession

VAIL - One sign the economy may be recovering is the recent resurgence of Colorado’s high-end mountain real estate market. Eagle County, home to Vail and Beaver Creek ski areas, saw the dollar volume of real estate sales more than double in the first five months of 2010 compared to the same period in 2009, according to Land Title Guarantee Company.

Late Thursday afternoon, President Obama signed into law a bill granting workers out of a job for more than 26 weeks additional unemployment insurance payments, paid for by the federal government. The benefits had been in place since November 2009, but had lapsed for seven weeks — an unprecedented hiatus, given the 9.5 percent unemployment rate. The bill, held up in the Senate by Republicans concerned about the deficit, makes benefits retroactive to June 2 and forward to Nov. 30. In states with higher than 8 percent unemployment, workers will continue to receive up to 99 weeks of benefits.

The grasping AIG Financial Division execs who brought the firm to its knees and helped send the global economy spiraling only to receive federal...

Here’s a profound idea from California GOP Gov. Arnold Schwarzenegger, who went after congressional Republicans yesterday for criticizing the Democrats’ stimulus bill one moment,...

WASHINGTON-- Only a year ago, hopes were high that a big push by the government to stop foreclosures would be a great success, living up to its billing as “Help for America’s Homeowners.”

Last January started out with a foreclosure moratorium, allowing time for the Obama Administration to put the final touches on Making Home Affordable — its $75 billion signature program aimed at helping 3 to 4 million homeowners. After bailing out banks and the financial system, the administration turned its efforts to borrowers on the verge of losing their homes. The program rolled out with fanfare in the spring. But as 2010 begins, it is already clear that Making Home Affordable has fallen far short of its goals.

For millions of unemployed workers, the recession is poised to go from bad to worse. More than 3.2 million laid-off Americans will prematurely exhaust their unemployment insurance in the first quarter of next year unless Congress intervenes, an advocacy group warned Monday.

It’s a nonsensical element of Medicaid’s funding formula that during economic downturns, when state budgets are most squeezed, states are also asked to bear...

Called out by reporters, Colorado Commissioner of Education Dwight Jones continues to cut back on his spendthrift ways. Jones recently returned $940 to the state,...

Where do young people want to live now? It's not just a barroom conversation-starter kind of question. It's one of those difficult-to-gauge metrics-- a...

Analysts who track natural gas prices and supplies say the industry is banking on a cold winter and an economic recovery to bolster a...