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Business/Economy

  • New-home sales dip after 4 straight monthly gains

    WASHINGTON (AP) — Sales of new homes dipped in January but the final quarter of 2011 was stronger than first estimated.

    The Commerce Department said Friday that new-home sales fell 0.9 percent last month to a seasonally adjusted annual rate of 321,000 homes. That followed four straight months of gains in which home sales rose 10 percent.

    The gains came after the government upwardly revised October, November and December's figures. December's annual sales pace of 324,000 was the highest in a year.

  • $5 Gas Coming to Pumps Near You?

    Over the past week alone, gas prices in California and several other parts of the country have spiked 20 cents a gallon. Experts say many motorists could start to see five dollar a gallon prices by summer.

  • Meet Phillip Kunsberg

    Phillip Kunsberg became familiar with Los Alamos in the mid- to late-1980s, when he worked with scientists at Los Alamos National Laboratory (LANL) as a policy officer in the Department of Defense.
    He moved to Los Alamos in 1989 and started the Technology Institute, a nonprofit organization that brought Russian and American scientists together to work on “non-lethal” activities. Kunsberg eventually became a technical staff member for the lab.
    Kunsberg moved to New York City in 1996 to work for a venture capital firm.

  • Mardi Gras Floats: Big Business in New Orleans

    As Mardi Gras 2012 reaches its pinnacle Fat Tuesday, the float making business remains in full gear ahead all year long. Mardi Gras World builds the big floats. Its studio also offer tours 12 months a year, seven days a week.

  • VIDEO: Mardi Gras Big Business Along Gulf Coast
  • VIDEO: As economy sputters, gas prices soar

    Gas Prices Going Up, Up, Up.

  • As 13M remain out of work, unemployment apps drop to a 4-year low

    WASHINGTON (AP) — The number of people seeking unemployment benefits fell to the lowest point in almost four years last week, the latest signal that the job market could be improving.

    Still, the job market has a long way to go before it fully recovers from the damage of the Great Recession. Nearly 13 million people remain unemployed. And 8.3 percent unemployment is still painfully high.

    One reason the unemployment rate has fallen for five straight months is that many people have stopped looking for work. The government counts people as unemployed only if they are actively looking for a job.

  • Video: Top Bargainers Announce Payroll Tax Cut Deal

    Relieved congressional bargainers say they've reached agreement on compromise legislation extending payroll tax cuts and benefits for the long-term unemployed through 2012, edging a white-hot political battle closer to finally being resolved.(

  • VIDEO: Lightsquared Wireless Network Will Not Fly

    Federal officials plan to kill a private company's plans to start a national high-speed wireless broadband network after concluding it would in some cases jam personal-navigation and other GPS devices.

  • P&Z OKs Smith's Fueling Station

    Last Wednesday, the Los Alamos County Planning and Zoning Commission approved a plan from Smith’s Food and Drug Center, Inc., to build a new fuel station at the corner of Trinity and Knecht, the site now occupied by a Shamrock gas station.

    Smith’s is leasing the site from Polk JT Properties Ltd., with an option to purchase the property.
    The new fuel center will be across the street from the recently approved Trinity Site development, where the new Smith’s 110,000-square-foot Marketplace is planned. However, Smith’s Manager John Roberts said the decision to build the fuel station was independent of the new center.