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Business/Economy

  • 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.

  • 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.

  • Mailing a letter will cost another penny next year

    WASHINGTON (AP) — It'll cost another penny to mail a letter next year.

    The cash-strapped U.S. Postal Service said Thursday that it will raise postage rates on Jan. 27, including a 1-cent increase in the cost of first-class mail to 46 cents.

    It also will introduce a new global "forever" stamp, allowing customers to mail first-class letters anywhere in the world for one set price of $1.10. Currently, the prices vary depending on the international destination, with letters to Canada and Mexico costing 85 cents.

    Under the law, the post office cannot raise stamp prices more than the rate of inflation, or 2.6 percent, unless it gets special permission. The post office, which expects to lose a record $15 billion this year, has asked Congress to give it new authority to raise prices by 5 cents, but lawmakers have failed to act.

    The mail agency also will increase rates on its shipping services, such as priority mail, by an average of 4 percent.

  • Doggy Daycare opens

    Rover I Doggy Day Care opened its doors last week at 212 DP Road, under the ownership of Trish Lind.

     

  • Tech company opens

    Brian Kelley, holding his daughter Athena, officially cut the ribbon on Azazo Technologies, “a computer company that can fix any computer or network problem, large or small.” The company also will be selling used computer equipment. Call 672-5105 for more information.
    Helping Kelley open his new business are, left to right, Kevin Holsapple, executive director of the Los Alamos Commerce and Development Corporation, employee Heather Eichwald, Katy Korkos, member services coordinator at the Commerce and Development Corporation and business advisor Katie Staver.
    Azazo is located at 1907 Central Ave., Suite 207. The email is thepandagiant@live.com.

  • Pumps open at Smith's Fuel Station

    Smiths Fuel Station on Trinity Drive was open for business this morning and store officials and employees were out for the ribbon cutting ceremony. Store hours are 6 a.m. to 11 p.m. and pumps are open for 24 hours if paid by credit card.

  • Smith’s Fuel Station to open Wednesday

    Smith’s Food and Drug Stores is opening its 19th Smith’s Express fuel station in New Mexico at 1239 Trinity Dr. at 8 a.m. Wednesday, following a ribbon cutting hosted by Smith’s representatives and Katy Korkos, Los Alamos Chamber of Commerce Member Services coordinator.
    The station is comprised of 10 filling nozzles, courtesy air hose, a convenience-item case for snacks, and a 10-foot by 20-foot kiosk for the fuel attendant. Smith’s is planning to build a new Smith’s Marketplace store across the street that is expected to open in early 2014.
    “We are pleased to now offer our Los Alamos and White Rock customers fuel savings at our Smith’s Express,” said John Roberts, Smith’s Los Alamos store director.  “In fact, rewards points maybe redeemed to save up to $2 per gallon through the remainder of the year.”