Weekly News from COBRT - November 28, 2018
November 28, 2018
The Champions in Industry Awards Luncheon is this coming Monday. Register today to help Colorado Business Roundtable recognize some of the champions here in the Colorado business community. 

Join us on Monday, December 3rd from 11:00 am to 1:00 pm as we recognize champions in Colorado and hear from our keynote speaker, Reggie Rivers, former NFL running back, discuss his views on what it means to be a champion. 

Gov. John Hickenlooper on Tuesday asked the Colorado Supreme Court to look into conflicts between two state constitutional amendments that critics say combine to drain away tax revenue needed by communities around the state to fund schools, firefighting and other services. Those conflicts are "preventing local governments from funding even limited essential services," Hickenlooper's filing with the court says. "It has resulted in the steady erosion of the budgets of local governments in communities throughout the state that rely on property taxes."

Federal scientists warned in a new report Friday that changes in the climate will disrupt the economies of every region in the country in the coming years, with costs threatening to reach hundreds of billions of dollars annually by the middle of this century. The message echoing decades of sobering conclusions from the world's leading climate scientists, is at odds with President Donald Trump's repeated scoffing at the idea of global warming. And the administration chose to release it on Black Friday, the busiest shopping day and one of the slowest news days of the year. 

Colorado Lt. Gov. Donna Lynne is returning to health care and heading back east. Lynne, who served as president of Kaiser Permanente Colorado for 11 years before serving as the lieutenant governor and chief operating officer of Colorado beginning in 2016, said Wednesday she is moving to New York City to take on a dual role as the chief executive officer of Columbia Doctors and as the chief operating officer of Columbia University Medical Center in northern Manhattan. 

Historically, uncontrolled government debt has been the graveyard of the world's superpowers. The Roman Empire, the Spanish Empire, France's Ancien Regime, and more recently, the Soviet Empire all collapsed under the weight of out-of-control debt. Does 21st-century America face a similar fate? Possibly, though it's avoidable. An important difference between today and the past is, the empires that failed didn't have the resources and opportunities we're seeing in the Fourth Industrial Revolution. Great powers of the past didn't have at their disposal quantum computing, gene-editing, nanotechnology, 3-D printing, artificial intelligence or big data. 

As Colorado quickly turns into a center for fintech and blockchain technology, a new leader could help accelerate that growth. The Colorado Council for the Advancement of Blockchain Technology is considering recommending the state hire a fintech coordinator who would help clarify policy for fintech companies. Stephanie Copeland, the executive director of the Colorado Office of Economic Development and International Trade, said the position would operate in a similar manner to the state director of marijuana coordination. 

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