Business

Business news

The city sales tax report for 2014 is in. It appears the Aspen economy has more than rebounded. Aspen Public Radio’s Carolyn Sackariason reports.

People in Aspen shopped more, drank more, ate more and consumed pot more in 2014 than the previous year.

That’s according a recently-released sales tax consumption report, which shows economic activity within the city of Aspen last year is up 10 percent over 2013. That amounts to nearly $624 million in commerce.

http://www.downtowncrestedbutte.com/

Most resort towns around these parts want you to visit this time of year, except for Crested Butte this weekend. That’s because the town of 1,500 will more than double in population as celebrities, major music acts and free beer will be on tap. It’s all part of an event for a Bud Light ad campaign. Chad Reich is program director at KBUT. He spoke to Aspen Public Radio’s Rob St. Mary about how his station, along with local police, are urging people who don’t live in Gunnison County, and who are not invited to the party, to stay home.

Ben Knight

  Film has played a major role in the fracking debate in Colorado and around the country. Tonight, there’s a new fracking movie showing at the Wheeler Opera House. “Dear Governor Hickenlooper” is a collection of short films about oil and gas drilling. Most are critical of the industry. Stash Wislocki is the Director of Dear Governor Hickenlooper film. He spoke with Aspen Public Radio’s Elise Thatcher.

Bringing CitiBank to Justice

Jul 16, 2014
DOJ

Reaction continues to come in to Monday’s massive 7 billion dollar settlement between Citigroup and the US Justice Department over misconduct that contributed to the great recession of 2008. Citigroup will pay four billion dollars in fines plus 2.5 billion for what’s called consumer relief.  

The US Attorney for the District of Colorado, John Walsh played a major role in the sleuthing of Citi’s wrongdoing.  He spoke from his office in Denver with APR’s Roger Adams.

Shemin Ge

Drilling for oil and gas brings up a lot of water. If operators don’t reuse it for something else, they often pump it back down into the ground. The water goes down in what are called  injection wells-- and new research shows they can definitely cause earthquakes, at least in Oklahoma. Geology Professor Shemin Ge is with the University of Colorado at Boulder. She worked on the study, and spoke with APR’s Elise Thatcher. Ge says it took different kinds of scientists working together to figure out what’s going on.

Roger Adams

The word “fracking” has come to mean drilling in general for oil and gas-- and a major concern for communities and environmentalists in Colorado and elsewhere.In reality the process of hydraulic fracturing is a specialized procedure used to create cracks in shale deposits thousands of feet underground which in turn releases trapped natural gas.  There are hundreds of fracked wells in Garfield County. Often you can see them from the highway.  Recently Aspen Public Radio got a tour of a fracking operation run by WPX Energy near Parachute.  Hear the story by APR's Elise Thatcher below.  See a slideshow of photographs of the rig by APR's Roger Adams HERE.

Money Savvy Women

Feb 19, 2014
Wealth By Design

Women control just over one half of all wealth in the United States. By the end of this decade it projected women will control two thirds of this country’s wealth.  This shift will likely reshape the financial industry as women increasingly seek financial advisors who understand their attitudes toward money.  Men and women see money differently. Aspen Public Radio's Roger Adams explains.

“Men will be more about making a rate of return; women are more on the relationship side.”

Danielle Howard has spent 21 years in the financial industry and now owns Wealth By Design, a small financial firm in Basalt.  She is one of a growing number of money advisors who are focusing on women clients and recognizing how women approach the subjects of investment, income and financial security.


File Photo

Big tech news came yesterday with word of Google paying $3.2 Billion in cash to purchase Nest Labs. Nest creates "smart thermostats" developed by original iPod designer and company CEO Tony Fadell.

Courtesy Telluride Watch Newspapers

The recent mining accident near Ouray was one of the worst in recent Colorado history. Two miners died and nearly two dozen were injured at the Revenue-Virginius mine, of Star Mine Operations.  More details about what happened are starting to come out. Aspen Public Radio’s Elise Thatcher talks with reporter Samantha Wright, who’s covering the accident for the Telluride Watch newspapers.

Pages