CSBJ Daily

The Associated Press
NEW YORK_The surging price of oil reached another milestone today, jumping to an inflation adjusted record high of $103.95 a barrel.
The weaker dollar that has propelled oil and other commodities prices higher sent light, sweet crude for April delivery past $103.76 a barrel on the New York Mercantile […]

The Associated Press
WASHINGTON _Construction spending took its biggest nosedive in 14 years and manufacturing activity contracted, fresh trouble signs for a struggling economy.
The Commerce Department reported Monday that construction spending plunged by 1.7 percent in January. Builders slashed spending on residential projects, but the weakness spread beyond that ailing sector. […]

Congress.org released its annual Congressional “power rankings” today, and it wasn’t particularly good news for the Colorado delegation.
Colorado Democrats, with the exception of Rep. Diana DeGette (D-Denver), were judged to be at best mediocre, while Colorado Republicans were at or near the bottom of the list.
Criteria used in compiling the list […]

Industries that have proven vulnerable during recessions include retail, manufacturing, the financial sector and technology, but employment analysts say don’t jump ship yet.
Job placement researchers at Challenger, Gray and Christmas say recession-resistant sectors often change from recession to recession, based on global, economic and societal trends at the time […]