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Business briefs

Speaker will discuss maximizing broadband

Jeff Richardson will be the featured speaker when Yampa Valley Partners and the Yampa Valley Economic Development Council host Northwest Colorado community leaders for a dinner conference on broadband communications at 5:30 p.m. May 5 at the Craig Holiday Inn.

Richardson’s presentation is titled “Putting broadband to work: Economic development strategies for the new economy.” The discussion that follows will focus on using telecom infrastructure for business and economic development in the valley.

Dinner will be sponsored by YVEDC, and reservations are required by April 28. Contact Audrey Danner at 824-8233 or audrey@yampavalleypartners.com.

Fed likely to raise

interest rates soon

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the associated press

WASHINGTON

Rising prices for gasoline, air travel and clothing propelled consumer costs 0.5 percent higher in March, raising the possibility that the Federal Reserve may hike interest rates this summer.

Wednesday’s reading on the Consumer Price Index, the government’s most closely watched inflation measure, revived concerns about the prospects of an inflation flare-up now that the economy is rebounding, economists said.

U.S. budget deficits threaten global economy

WASHINGTON

Uncontrolled U.S. budget deficits would pose a serious threat to global prosperity in coming years as rising interest rates depress economic growth in the United States and around the world, the International Monetary Fund warned Wednesday.

The IMF released a new analysis that predicted if nothing is done to get control of the soaring U.S. deficits, it would shave global economic output by 4.2 percent by 2020.

Correction

A business brief that ran in the April 11 Pilot & Today contained incorrect information. Steamboat Ski Area Public Relations Manager Cathy Wiedemer has taken a job with Mountain Hardware, and the ski area will be hiring to fill her position.