Colorado - MON. 06/29/20 A Free Business Publication from Alpine Bank Print Version Print View Online Webpage
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BUSTANG ROLLIN' AGAIN AFTER INTERRUPTION

 
 
 

The Colorado Dept. of Transportation suspended its Bustang service at the end of March due to COVID-19. CDOT announced that the Bustang Outrider service resumed Sunday and the regular Bustang service will start up again today, Monday, June 29. There will be certain seats blocked on Bustang buses, limiting capacity to 22 passengers and Outrider buses will have a maximum of 16 passengers. Face masks are required for all drivers and passengers, and drivers will be issued additional personal protective equipment. For the complete revised schedules, go to ridebustang.com.

 
- Denver Post, 06.27.20
 

CU BOULDER GETS CREATIVE IN FINDING CLASSROOM SPACE

 
 
 

The University of Colorado Boulder has announced that when the fall semester begins Aug. 24, students and faculty will be having in-classroom sessions on campus. There will be adjustments, however, and campus officials released guidelines last week that classes will be smaller to accommodate social distancing, there will be classes in conference rooms, the recreation center and the University Memorial Center in addition to regular classrooms. There also is a campus task force to look at other alternative classroom spaces, like climate-controlled tents. Also, this year, students will be placed in residential halls on the basis of what classes they are taking to try to reduce the overall person-to-person contact on campus.

 
- Boulder Daily Camera, 06.26.20
 

BOULDER BRINGS 10-CENT FEE BACK ON DISPOSABLE BAGS

 
 
 

The city of Boulder will reinstate the 10-cent fee on disposable bags at grocery stores beginning Wednesday. The fee was suspended in March due to concerns that reusable bags could spread coronavirus. Boulder County Public Health officials has now determined that there was a low risk of spreading COVID-19 through reusable bags and city officials decided to reinstate the disposable bag fee. That bag fee went into effect in 2013 and since then the city has reduced 70 percent of its disposable bag use.

 
- Denver Post, 06.29.20
 

PENDLEY TO BE NOMINATED AS DIRECTOR OF BLM

 
 
 

The White House announced last week that President Donald Trump plans to nominate William Perry Pendley as the director of the Bureau of Land Management. Pendley has been serving as acting director for nearly a year and Pendley oversaw the move of the national headquarters of the BLM to Grand Junction. The BLM director and other top-level staff will be based out of the Grand Junction office. Pendley was born and raised in Wyoming. He was deputy assistant secretary for energy and minerals at the Interior Department during the Reagan administration.

 
- GJ Daily Sentinel, 06.29.20
 

EARLY HUNTING NUMBERS REMAIN STRONG

 
 
 

Officials of Colorado Parks and Wildlife anticipated a drop-off in its draws for hunting licenses as both Colorado and out-of-state hunters might stay at home because of COVID-19. Although non-resident numbers are down slightly, CPW now projects there will likely be an increase in deer and elk hunters this fall. By comparison, there were 90,465 licenses sold in first draw for deer licenses this year. Last year, there were 89,368 deer licenses sold in the first draw. For elk licenses, the numbers were 92,064 compared with 91,946 last year.

 
- GJ Daily Sentinel, 06.29.20
 

USFS CONSIDERING SPECIAL PERMIT FOR DRILLING FOR RESERVOIR NEAR RED CLIFF

 
 
 

Since earlier this month, the U.S. Forest Service has been receiving public comment on a special permit that would allow road building and drilling by the cities of Aurora and Colorado Springs to assess the potential of building a 20,000-acre-foot reservoir at the edge of the Holy Cross Wilderness Area in the Homestake Valley near Red Cliff. The public comment period ends tomorrow, Tuesday, June 30. The comment period is for comments only on the impacts of the drilling, not the proposed dam.

 
- www.vaildaily.com, 06.29.20
 

SKI AREAS, RESORT COMMUNITIES IMPACTED BY VISA BAN

 
 
 

Last week, the federal government extended a ban on H-1B visas, H-2B visas and J-1 visas until the end of the year. The ban on J-1 and H-2B visas will have a significant impact on U.S. ski areas and resort businesses as the resort industry has relied on these visa workers for years, many of them college students from the southern hemisphere coming to resorts for the ski season. Dave Byrd, policy director for the National Ski Areas Association, reported that 35 of the 38 states with ski areas use J-1 workers.
Compounding the problem of the loss of visa workers is the overall problem that ski areas have in filling jobs. The annual report of the NSAA, said that 51 percent of the more than 400 ski areas in the country were unable to fill their openings last season, and that was computed well before the pandemic shut down the industry in mid-March. The average number of positions unfilled at ski areas was 44. At larger resorts, the unfilled positions numbered in the hundreds. Byrd, in arguing for opening up the J-1 visa program said that the ski industry has tapped all those in local communities interested in taking short-term, temporary jobs so the J-1 workers are not taking away local jobs.

 
- Colorado Sun, 06.26.20
 

CLASSIC CARS IN COLORADO

 
 
 

Cars buffs across the state carefully follow the schedule of car shows. However, this summer, the schedule is very light due to the limitations on gatherings because of the coronavirus pandemic. However, there really is more available than just watching Mecum Auctions on television, and maybe in some locations across the state you haven't been to.

  • Forney Museum of Transportation, Denver, forneymuseum.org
  • Gateway Auto Museum, Gateway, gatewayautomuseum.com
  • Penrose Heritage Museum, Colorado Springs, elpomar.org
  • Rangely Automotive Museum, Rangely, rangelyautomuseum.com
  • Shelby American Collection, Boulder, shelbyamericancollectio.org
 
- Encompass AAA Colorado, 06.29.20
 

THANKS FOR HELPING US GIVE BACK - THE ALPINE WAY!

 
 
 

Each time you use your Alpine Bank Loyalty Debit Card, Alpine Bank donates 10 cents to your chosen cause. Whether it's the arts, education, environment or another passion in your community, small change makes a big difference. Last year, Alpine Bank donated a record $4.7 million to support community groups and nonprofits across Colorado, with Alpine donating $1.6 million of this total spurred by customers using our debit card. Help spark change in your community by getting your card today. As a valued Alpine Bank customer, you make it possible for us to contribute to the strength of Colorado communities. Thanks for helping us give back!

 
- Alpine Bank
 
 
 
 
 
 
 
 
MARKET UPDATE - 06/26/2020 Close
 
(Courtesy of Alpine Bank Wealth Management*)
 
 
Close
Change
Dow Jones Industrials
 
25015.55
 
-730.15
 
S&P 500
 
3009.05
 
-74.71
 
NASDAQ
 
9757.22
 
-259.78
 
10-year Treasury yield
 
0.50
 
-0.02
 
Gold (CME)
 
1772.50
 
+10.40
 
Silver (CME)
 
18.02
 
+0.14
 
Oil (NY Merc)
 
38.49
 
-0.23
 
Natural Gas ($/MMBtu)
 
1.49
 
+0.01
 
Cattle (CME)
 
94.70
 
+0.53
 
Prime Rate
 
3.25
 
NC
 
Euro (per U.S. dollar)
 
0.89
 
NC
 
Canadian dollar (per U.S. dollar)
 
1.36
 
NC
 
Mexican peso (per U.S. dollar)
 
23.05
 
+0.39
 
30-year fixed mortgage rate (Freddie Mac 06/25/2020)
 
3.13
 
NC
 
*Not FDIC insured. May lose value. Not guaranteed by the bank.
 
 
 
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