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Entries posted by rebecca.tonn
Rebecca Tonn has been writing for the Colorado Springs Business Journal, covering banking, finance, small business, entrepreneurialism and other subjects, since October 2007. Rebecca has a Bachelor of Arts in English from the University of Colorado at Colorado Springs, and has lived in gorgeous Colorado since 1986. When she’s not calling financial advisers, entrepreneurs or bankers for quotes, she enjoys hiking Barr Trail and the Incline, mountain biking, yoga, reading, and hanging out with her children, family and friends.

FASB to review mark-to-market

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Economists and financial analysts vehemently disagree about bailouts and which sort of regulations work or don’t. But now many agree – from investor Warren Buffett to Republican Steve Forbes to Democratic economic adviser Mark Zandi, to name a few – that mark-to-market accounting “exaggerates losses and results in tighter lending when it is used to… Continue Reading FASB to review mark-to-market

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Although consumer confidence declined throughout 2008 from a high of 117 during March to a low of 77 during November, it rebounded somewhat during December to 88 (perhaps consumers were merely happy for the holidays?). During December, more consumers planned to improve their savings (17 percent vs. 12 percent during September) while simultaneously increasing the… Continue Reading Reality check: Economies contract, there are just different ‘flavors’

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Employees looking for a new job because of workplace stress have plenty of company. Fifty-two percent of workers say they “have considered or made a decision about their career, including declining a promotion or leaving a job based on workplace stress,” according to the American Psychological Association. More than half of employees said they were… Continue Reading Work stressors lead to increased costs, decreased productivity

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According to J. Paul Getty, there are only three things you need to do to be successful: rise early, work hard and — strike oil. OK. So success really isn’t that simple. But Chuck Kocher, business coach for ActionCoach, likes to use Getty’s words to make a point — mindset and attitude matter far more… Continue Reading Here’s a simple formula for success in any economy

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Time running out to claim 2005 tax money

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About 23,700 Coloradoans would be eligible for $20.7 million – a median amount of $532 per individual – if only they would file a 2005 tax return. The Internal Revenue Service announced Tuesday that taxpayers must file returns by April 15 in order to collect a refund for 2005 taxes. It’s not exactly chump change,… Continue Reading Time running out to claim 2005 tax money

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During 2008, Colorado was the No. 1 supplier of beef and beef variety meats to Canada, the No. 2 supplier to Japan and Mexico and the No. 1 supplier of fresh chilled beef to Korea. For the first time, beef exports from Colorado exceed levels reached prior to the closure of most major  U.S. beef markets during… Continue Reading Colorado beef: It’s what’s for dinner–internationally

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When Steve Strunk turned 16, he got a job at the local A&P Grocery Store in upstate New York — to earn money to invest in the stock market. Fully intending to be a stockbroker, he worked on political campaigns and the Ford Pinto marketing campaign to pay his way through college.
But, after graduation, he ended up working for the largest bank in Texas — and hasn’t looked back since. During 34 years of commercial banking, he has learned how to acquire strong or failing banks, and was “one of the first genres of special assets managers.” Continue Reading Strunk focused on expanding Kirkpatrick’s presence in Colorado

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Unearthing fraud with forensic data mining

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First sophisticated computer systems swoop in, brushing away surface dust to excavate potential fraud — experts call this forensic data mining.
Then certified fraud examiners sift through the dirt and muck to determine if data is occupational fraud or sloppy bookkeeping — also known as forensic data analysis. Continue Reading Unearthing fraud with forensic data mining

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In a nation of individuals collectively squeamish about disclosing salaries or profit and loss statements, the concept of open-book management tends to raise eyebrows. But proponents of OBM say sharing P&L statements, performance goals and budgets boosts employee motivation and, hence, performance. Continue Reading Opening company’s books grows profit, performance

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Is your business growing? Need room to ramp up while retaining your capital? As commercial property values decrease and larger companies retrench into their core businesses, now might be the best time to expand.
The Small Business Administration’s lesser-known 504 loan, cousin to the 7(a), can be a good tool for small business owners looking to expand during uncertain economic times, said Horace McCowan, vice president and SBA specialist at KeyBank. Continue Reading SBA 504 loans good option for ‘growing’ businesses

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