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The Federal Reserve cut interest rates
again Wednesday, lowering the federal funds rate 50 basis points
(bps), to 3.0%. The 125 bps cut in only nine days is a record since
the Fed has been operating on the federal funds rate. The
President’s State of the Union address had few new economic
proposals aside from the stimulus package, which is being held up
in the Senate. The slew of economic releases this week
included:
• Payrolls dropped 17,000 in January,
the first drop in four years, but some of the shock was offset by
the upward revision of December to 82,000 from the 18,000 reported
last month, and the drop in the unemployment rate to 4.9%.
• Fourth-quarter real GDP climbed a
meager 0.6%, with inventories taking most of the strength out of
the report. |
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The Trust for Public Land and the BLM
Complete Protection of Ute Mountain
TAOS COUNTY, NM — The Trust for
Public Land (TPL) and the U.S. Bureau of Land Management (BLM)
announced today the protection of 600 acres along the southern
flank of Ute Mountain. The property is located just south of the
14,000-acre Ute Mountain parcel conserved by TPL and the BLM in
2005. It was the last private parcel within a 42 square mile area
in and around Ute Mountain. This acquisition completes the
protection of one of New Mexico's most notable landscapes,
ensuring the spectacular views and recreational opportunities
remain for generations to come. The property will be managed by the
BLM for recreation and wildlife habitat. |
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Washington, D.C. - U.S. Sen. Wayne Allard
(R-Colo.) revealed today that he has submitted seven names to the
White House for consideration to fill the three current vacancies
on the U.S. District Court of Colorado.
"These seven candidates represent a cross
section of the Colorado legal community," said Allard. "The list
includes Republicans, Democrats and Independents and the
individuals I have forwarded to the President come highly
recommended by their peers; any of whom would make an outstanding
federal district court judge." |
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