inflation
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Denver voters let landlords off the hook as early results show Ordinance 305 failing | ELECTION NIGHT 2022
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Early election night results show Denver voters soundly rejecting a proposal requiring landlords to pay a $75 per year per property to fund legal representation for renters facing eviction. Just over 107,000 votes have been counted, with about 60% of voters rejecting the ordinance as of 9:30 p.m. Tuesday. The ordinance was expected to raise just…
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U.S. Sen. Hickenlooper calls for Federal Reserve to pause rising interest rates
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U.S. Sen. John Hickenlooper called for the Federal Reserve to pause rising interest rates Thursday in a stern letter to Fed Chairman Jerome Powell. The central bank has increased interest rates five times this year in an effort to combat skyrocketing inflation by slowing the economy and easing pressures on prices, The Washington Post reported.…
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Colorado business leaders gloomy as inflation drives their fears
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Colorado’s business leaders are stuck under a rain cloud as the Leeds Business Confidence Index fell to the fourth-lowest level in its 20-year history, with business owners pointing to inflation, interest rates and supply chain issues, among other factors, for their negative perceptions. The index, released Thursday by the Leeds Business Research Division at CU…
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Metro State University Denver locks tuition for undergrads as inflation rises
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Metropolitan State University of Denver will keep tuition rates the same for undergraduate students under a tuition lock program the school unveiled this week. University officials said the move was spurred by skyrocketing inflation. “Our students are facing tremendous financial challenges right now,” university President Janine Davidson said in a news release. “Many are working…
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Survey: More than half of Americans cutting expenses
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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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Conservative group attacks Democrat Diana DeGette over gas prices in digital ad campaign
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A leading conservative group is hammering U.S. Rep. Diana DeGette with a digital ad linking the Denver Democrat to Biden administration polices the group claims have led to soaring gas prices, but a spokesman for DeGette told Colorado Politics she holds oil companies responsible for much of the pain consumers are feeling at the pump.…
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PUC allows Xcel to recover $500 million from customers for 2021 deep freeze
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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 request to charge customers half a billion dollars, the Public…
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Former Interior secretaries Bernhardt, Norton back Joe O’Dea in Republican US Senate primary
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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, called the wealthy construction company owner’s focus on American energy…
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A decision to overturn Roe v. Wade could jolt Colorado’s November election, strategists say
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Supporters of abortion rights and Democratic strategists tell Colorado Politics that the shockwaves felt last week in response to a leaked draft of a Supreme Court opinion to overturn Roe v. Wade could echo through the November election, scrambling the typical midterm equation by turning a referendum on an unpopular President Biden and the Democrats’…
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Polis, legislators push $700 million in property tax relief that taps into TABOR refund
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Rising property values in Colorado are expected to cost Coloradans about $1.3 billion more in property taxes over the next two years. Lawmakers, business representatives and the governor’s office have been negotiating on a solution, and on Monday, the governor and some of those involved in the talks rolled out legislation to offer relief to…
