September 25, 2010 (Press-News.org) Report Offers Denver A Glimmer of Hope, But Economic Struggles Persist
According to the latest Mountain Monitor report from Brookings Mountain West, the Denver area's gross metropolitan product (meaning the value of all of its produced goods and services) has almost returned to pre-recession levels. In the second quarter of this year, the gross metropolitan product was just .1 percent lower than its highest levels before the recession began.
Perhaps surprisingly, though, this overall return to productivity is not reflected in employment rates. As the report indicates, Denver had a slight improvement in its unemployment rate from June 2009 to June 2010 -- but when considered with the broader region, little has changed. The area's unemployment rate remains at 9.3 percent.
The Mountain Monitor also offers an overall performance index for the 100 largest cities in the country, which considers a city's rankings on four critical economic indicators. With slipping ratings on employment, unemployment and house price indicators, the economic climate in Denver remains challenging.
As Brookings Mountain West notes, the defining characteristic of the gradual recovery has been the lack of job creation. If this pace of job creation continues, employment rates will not return to the pre-recession level for another seven years.
The lackluster recovery will have significant consequences for people in Denver for years to come. Many people are getting through tough economic times relying on credit. According to a recent U.S. News and World Report, Denver is the most indebted city in the nation, with an average debt load of $26,636 (not including mortgages). Among other forms of debt, the data indicated an average credit card balance of $6,211.
In combination, debt and joblessness provides an almost impossible situation. Without any form of income, debt generally continues to grow, accelerated by the incredible rates that many credit card users face. In many cases, even once people are able to find jobs, they are so far buried by outstanding bills that the debts may seem insurmountable.
For some people in this situation, bankruptcy is the best option. Bankruptcy can offer a fresh start, providing a new opportunity to build a strong financial future. For more information regarding bankruptcy in Colorado, speak with a knowledgeable attorney.
Article provided by Milwid & Schlosser PC
Visit us at www.milwidschlosser.com
Report Offers Denver A Glimmer of Hope, But Economic Struggles Persist
According to a recent report, the Denver area's gross metropolitan product (meaning the value of all of its produced goods and services) has almost returned to pre-recession levels.
2010-09-25
ELSE PRESS RELEASES FROM THIS DATE:
Another Alleged Police Brutality Incident Shakes Florida Law Enforcement
2010-09-25
Another Alleged Police Brutality Incident Shakes Florida Law Enforcement
A recent suspected case of police brutality, this time resulting in the serious injury of 38-year-old Bamako Walton of Roodhouse, is putting the spotlight back on the actions of Florida's law enforcement officers. While the facts are still not completely clear, it is known that Walton was the passenger in a vehicle pulled over by an officer with the Jacksonville Police Department in the early hours of August 8, 2010. What remains to be seen, however, is how he ended up with multiple facial contusions, ...
Presumed Occupational Diseases for Firefighters and Police Officers
2010-09-25
Presumed Occupational Diseases for Firefighters and Police Officers
Maryland Annotated Code, Labor and Employment (LE) Article, 9-503 states that firefighters and police officers are given a presumption of compensability for certain occupational diseases if they contract heart disease or hypertension that results in "partial or total disability or death." Additionally, if a firefighter develops lung disease or certain specific cancers that results in partial or total disability, that firefighter is given a presumption of compensability that the disease was "suffered ...
Florida Sinkhole Claims Extending Beyond Sinkhole Alley?
2010-09-25
Florida Sinkhole Claims Extending Beyond Sinkhole Alley?
Pasco and Hernandez counties are well established as the centers of sinkhole activity in Florida; Florida lawmakers have gone so far as to craft unique laws governing insurance coverage for sinkholes in these two counties. However, anecdotal evidence suggests that the problem may be spreading, with sinkholes reportedly appearing as far south as Miami and Naples.
Florida Insurance Commissioner Kevin McCarty has requested claims data from both commercial and residential property insurance companies, with the ...
New Emphasis on Curbing Medicaid Fraud
2010-09-25
New Emphasis on Curbing Medicaid Fraud
In 2009, President Obama revealed that Medicare and Medicaid are the biggest drivers of the federal deficit and debt. Both programs are crucial to the health care industry in the United States; however, crippling waste, abuse and fraud cost the system $60 billion annually. As such, the Obama administration seeks to crack down on Medicaid and Medicare fraud.
Reports of flagrant Medicaid and Medicare fraud prompt public outcries. Consider the case of Elizabeth Corbitt, who in August was arrested on 419 counts of Medicaid fraud ...
Report on State of Oregon Hospitals Released
2010-09-25
Report on State of Oregon Hospitals Released
In 2008, the Oregon Patient Safety Commission (OPSC) set a simple goal for itself - become the safest health care delivery system in the United States. The OPSC set out procedures and standards to measure progress in hospitals across the state. Noting that Oregon's level of care was only "average" by any measurement, the OPSC's objective was to use these standards to improve patient safety. The standards asked five main questions:
-Can we demonstrate that we are eliminating preventable harm events?
-Are we using evidence-based ...
The Costs of Medical Errors
2010-09-25
The Costs of Medical Errors
According to a recent ABC story, a study confirmed anecdotal evidence of the "July Effect" - a rise in medical errors during the month of July, when new residents fresh out of medical school report to their teaching hospitals. A 2000 publication by the Institute of Medicine indicated that up to 98,000 Americans may die each year as a result of preventable medical errors.
Though the qualitative costs of medical errors can be devastating, a recent article in The Wall Street Journal says the quantitative costs can also be staggering. Citing ...
British Airways Launches New Lowest Price Holiday Finder On ba.com
2010-09-25
British Airways has launched its new 'lower price holiday finder' which allows customers to save time and money when booking their holiday package.
Claire Bentley, managing director BA Holidays commented: "Following the success of dynamic packaging where flight plus hotel or flight plus car rental were combined to offer our customers the lowest pricing on ba.com, we have now developed more advanced options such as the new 'lowest price holiday finder' on ba.com. This new technology ultimately gives customers the opportunity to save even more time and money when booking ...
Hotels.com Reports Its Fastest-Rising Global Destinations
2010-09-25
Hotels.com's latest destination hot list league table has found Venice taking the top spot list as the fastest rising destinations in terms of year on year searches through the site.
The Italian city of Venice came out as being the hottest destination on the list for Brits with a 655% increase in searches on the UK Hotels.com site in June 2010 compared to June 2009, however with summer in full swing, traditional UK seaside destinations have also been proving popular as Cromer in Norfolk and Llandudno in North Wales saw rises of 565% and 495% respectively year on year. ...
Hotels.com Sees Farnborough Hotel Searches Soar
2010-09-25
Hotels.com's latest hot list of the fastest-rising destinations for hotel searches across in July has revealed that Farnborough in Hampshire has managed to top the list.
The town famed for its annual summer air show topped the table of fastest rising destinations with a 565% increase in searches in July compared with the same time last year. The interest in staying in Farnborough around the time of the air show provides a good indicator of the continued endurance in popularity of the UK 'staycation' throughout 2010.
Further afield and with schools out for the summer, ...
Hays and AmicusHorizon Working With Tenants To Get Them Into Employment
2010-09-25
Hays Social Housing, the leading recruiting expert, is working in partnership with AmicusHorizon, one of the largest housing associations in the South East region on a job seeking skills programme.
The three-month programme, which was set up because residents said they needed support in gaining employment, has already secured jobs or training for several tenants and has improved the employability of many others.
The programme started in June with introductory seminars and a series of one-on-one career coaching sessions. Each participant also attended five Hays workshops, ...
LAST 30 PRESS RELEASES:
Study identifies global upswing in photosynthesis driven by land, offset by oceans
Study reports final clinical trial data for advanced kidney cancer treatment
Antibiotic resistant bacteria found in malnourished children under five years old
Study: Most US homes can save money and affordably weather blackouts with solar plus storage
The human touch of doctors will still be needed in the AI healthcare revolution, technology expert suggests
Helping me, inhibiting you: Analysis of interactions between intestinal microbiota
Hearing loss lowers prospects of employment and higher income for young Americans
Dramatically lower temperature, same high performance!
Trigger warnings fall flat, but safe spaces build trust in the classroom
Searching for a lethal needle in a haystack: synthetic opioid 1000 times more potent than morphine
Smart wound monitor poised to improve chronic infection care
Study reveals spinning could reduce NHS waiting lists for physiotherapy treatments
New AI tool illuminates “dark side” of the human genome
CCNY team discovers potential chemo-induced cognitive changes in cancer survivors
New mRNA-based therapy that shows promise in heart regeneration after heart attack
Extremists use gaming platforms to recruit - study
Nearly 70% of U.S. children in car crashes with a fatality were not using proper child passenger restraints, study finds
Understanding what makes some bladder cancers resistant to chemotherapy
Protecting your beating heart
The key to lowering your water bill may already be at your door
Saliva testing may reveal early signs of diabetes and obesity
4D images show heat shield damage goes below the surface
Hibernator “superpowers” may lie hidden in human DNA
Changes in diet drove physical evolution in early humans
Experts call for science- and evidence-based AI policy
Challenges in governing rapidly emerging marine-climate interventions
Slowdown in protein translation drives aging in the killifish brain
Behavior drives morphological change during primate evolution
Climate interventions to save our oceans need stronger governance, experts warn
Do you want to freeze a cloud? Desert dust might help
[Press-News.org] Report Offers Denver A Glimmer of Hope, But Economic Struggles PersistAccording to a recent report, the Denver area's gross metropolitan product (meaning the value of all of its produced goods and services) has almost returned to pre-recession levels.