.....Advertisement.....
.....Advertisement.....

Business/Economy

  • Chamber hosts 'Free Money Fair'

    Los Alamos Commerce and Development Corporation Executive Director Kevin Holsapple said that business owners often ask where they can access grants and other resources that might help boost their enterprises. The LACDC decided to answer that question by organizing a Free Money Fair. The inaugural event takes place Wednesday.
    Los Alamos Small Business Development Center Business advisor Katie Stavert researched available opportunities and organized the fair.
    “Katy’s done a great job of really talking to and bringing together a variety of different sources for what truly is free money, if your business situation or your organization matches up to the particular program,” Holsapple said.
    Representatives will give brief orientations about eight different opportunities, including eligibility requirements and the application process, which should help participants hone in on which programs might be a good fit for their businesses.
    After the orientation, participants can talk individually with presenters to get further clarification about whether their business might qualify for the programs.
    Holsapple believes any business, organization or entrepreneur can find something of interest at the fair.

  • Balloon Fiesta attendance off from prior year

    ALBUQUERQUE, N.M. (AP) — Officials say attendance at Albuquerque International Balloon Fiesta fell from last year.

    Albuquerque International Balloon Fiesta organizers announced Monday that estimated attendance at this year's nine-day event last month was more than 714,000. Officials say the number is down slightly from 2011's estimated 737,466 visits.

    Organizers blamed the declined on poor weather which forced the cancellation of some events that historically have been the most attended.

    Officials say the event attracted balloons from 19 countries.

  • 112-year-old US Apparel Maker in Pa. to Close
  • Look for special coupons in Sunday’s newspaper

    News America Marketing, a division of News Corporation, announced that the Sunday issue of its widely distributed SmartSource Magazine coupon insert is dedicated to Wounded Warrior Project’s Believe in Heroes campaign.  
    Believe in Heroes broadens awareness for the work today’s veterans have done for the country. Some 56 brands have pledged their support for this cause and are offering high value coupons in this special insert, with a total value of more than $50.
    The Sunday SmartSource Magazine will feature a special Believe in Heroes insert that will be distributed to over 53 million households in honor of Veterans Day. The insert will feature coupons from dozens of household brands. Consumers will be directed to woundedwarriorproject.org, where the 56 coupons will be available for printing. The site will also provide the opportunity to make a donation to Wounded Warrior Project, a chance for shoppers to donate a portion of the available $50 in savings back to the organization.

  • Unemployment rate ticks back up to 7.9 percent in October

    WASHINGTON (AP) — U.S. employers added 171,000 jobs in October and hiring was stronger over the previous two months than first thought. The unemployment rate inched up to 7.9 percent from 7.8 percent in September because some workers who had given up re-entered the search for jobs.

    The Labor Department's last look at hiring before Tuesday's election sketched a picture of a job market that is searching for any momentum after nearly stalling in the spring.

    Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June.

    Still, President Barack Obama will face voters with the highest unemployment rate of any incumbent since Franklin Roosevelt. The rate ticked up because more people without jobs started looking for work. The government only counts people as unemployed if they are actively searching.

  • Hurricane Sandy grounds thousands of flights

    NEW YORK (AP) — Hurricane Sandy grounded thousands of flights in the U.S. northeast Monday and upended travel plans across the globe, stranding passengers from Hong Kong to Europe. The massive storm threatens to bring a near halt to air travel for at least two days in a key region for both domestic and international flights.

    Major carriers such as American Airlines, United and Delta cancelled all flights into and out of three area airports in New York, the nation's busiest airspace. According to the flight-tracking service FlightAware, nearly 10,000 flights had been canceled for Monday and Tuesday, almost all related to the storm.

    Delays rippled across the U.S., affecting travelers in cities such as San Francisco to Chicago. Disruptions spread to Europe and Asia, where airlines canceled or delayed flights to New York and Washington from cities that are major travel hubs including London, Paris, Tokyo and Hong Kong.

    About one-quarter of all U.S. flights travel in or out of New York airports each day. So cancellations here can dramatically impact travel in other cities.

  • Edward Jones ribbon cutting

    Edward Jones Financial Advisor John Williams, left, held a ribbon cutting ceremony at his new office (555 Oppenheimer Dr.) Thursday. Office Manager Samantha Forrest is next to Williams, with Los Alamos Chamber of Commerce Member Services Coordinator Katy Korkos and Los Alamos Commerce and Development Corporation Executive Director Kevin Holsapple helping out.

  • Government spending props up Q3 economic growth rate

    WASHINGTON (AP) — The U.S. economy expanded at a slightly faster 2 percent annual rate from July through September, buoyed by an uptick in consumer spending and a burst of government spending.

    The Commerce Department says growth improved from the 1.3 percent rate in the April-June quarter.

    The pickup in growth may help President Barack Obama's message that the economy is improving. Still, growth remains too weak to rapidly boost hiring. And the 1.74 percent rate for 2012 trails last year's 1.8 percent growth, a point GOP nominee Mitt Romney will emphasize.

    The report is the last snapshot of economic growth before Americans choose a president in 11 days.

    Growth was held back by the first drop in exports in more than three years and flat business investment in equipment and software.

  • Crowdfunding presentation slated for Thursday

    Marcia Kaplan will present Crowdfunding at 6:30 p.m. Thursday to the  Los Alamos Entrepreneurs’ Network at The Hive in White Rock. The public is invited.
    Crowdfunding is a new method of raising funds for one-time  creative projects, non-profits, social causes and businesses. Currently, most campaigns are donation-based. To   raise money for a project, cause or business, those interested should attend the presentation to learn more about the crowdfunding opportunity.
    Also, in April, as part of the JOBS Act passed by Congress, equity crowdfunding for entrepreneurs and small businesses became legal in the United States. In 2013, entrepreneurs, inventors and small businesses will be able to raise funds via crowdfunding. Learn about the different crowdfunding models and the benefits and limitations of crowdfunding.
    The speaker is Marcia Kaplan, principal of Kaplan & Associates, a Santa Fe-based consulting firm that specializes in market research, marketing, due diligence and business plans. Kaplan has worked with both, Fortune 500 companies and start-ups in the Silicon Valley.

  • Social Security benefits to go up by 1.7 percent

    WASHINGTON (AP) — More than 56 million Social Security recipients will see their monthly payments go up by 1.7 percent next year.

    The increase, which starts in January, is tied to a measure of inflation released Tuesday. It shows that inflation has been relatively low over the past year, resulting in one of the smallest increases in Social Security payments since automatic adjustments were adopted in 1975.

    This year, Social Security recipients received a 3.6 percent increase in benefits after getting none the previous two years.

    About 8 million people who receive Supplemental Security Income will also receive the cost-of-living adjustment, or COLA, meaning the announcement will affect about 1 in 5 U.S. residents.

    Social Security payments for retired workers average $1,237 a month, or about $14,800 a year. A 1.7 percent increase will amount to about $21 a month, or $252 a year, on average.

    Social Security also provides benefits to millions of disabled workers, spouses, widows, widowers and children.