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The holiday season means a lot of differing things to different people, but for the post office it surely means one thing – a lot of work. Postal carriers will deliver an estimated 21 billion pieces of mail this season. So, to ensure smooth, timely delivery of holiday packages, the Colorado Springs branch of the… Continue Reading Post office offers holiday mailing tips, deadlines

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News from the mortgage front

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Refinance transactions down Third quarter refinance transactions totaled around $69 billion, according to Freddie Mac’s quarterly refinance survey. Refinance activity fell from approximately $97 billion during the second quarter. Home equity loans and other cashout transactions of $60 billion were down nearly 25 percent from the prior period. Letter designed to help subprime victims Mortgagechronicle.com… Continue Reading News from the mortgage front

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The Colorado Springs Symphony Orchestra Foundation has given $500,000 to the Bee Vradenburg Foundation to disperse in support of the Colorado Springs Philharmonic. CSSO Foundation Board Chair Mary Ellen McNally said transferring the money to the Bee Vradenburg Foundation was the “perfect” way to ensure responsible management and disbursement of money in future years. The… Continue Reading CSSO Foundation gives $500,000 for Philharmonic support

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FDA to gain recall authority

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President Bush proposed yesterday that the Food and Drug Administration be empowered to order mandatory recalls of food products suspected to be unsafe. Bush made the announcement yesterday after an oversight panel recommended the FDA be given recall authority. Currently, the FDA lacks the authority to order recalls, but works with producers on voluntary recalls.… Continue Reading FDA to gain recall authority

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Old Colorado City dreaming of green Xmas

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This year Old Colorado City will replace incandescent holiday lights with LED lights like the ones pictured here. Christmas lights photo courtesy of HolidayLEDS.com Old Colorado City has traded in its old incandescent holiday lights for new LED lights. The new bulbs are more efficient and offer a different kind of glow. Planners of the… Continue Reading Old Colorado City dreaming of green Xmas

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Panel pressing for FDA recall authority

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An advisory commission is urging Congress and President George Bush to give the Food and Drug Administration authority institute product recalls instead of only being able urge business to do so. The commission was formed in July after a number tainted products such as dog food, toys and toothpaste were recalled. The panel is also… Continue Reading Panel pressing for FDA recall authority

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Ritter unveils Climate Action Plan

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Gov. Bill Ritter catapulted the state into the greenhouse gas policing arena with the launch of the stat’s Climate Action Plan yesterday. Calling climate change the nation’s greatest environmental challenge, Ritter outlined details of the plan at Coors Field in Denver. The plan calls for two greenhouse-gas reduction goals: 20 percent below 2005 levels by… Continue Reading Ritter unveils Climate Action Plan

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The Colorado Business Committee for the Arts is seeking nominations for 21st Annual Business for the Arts Awards. Nominations are being accepted for the following categories: Philanthropy, Innovation, Workforce and Workspace. Companies can be nominated online, and the deadline for nominations is 5 p.m. Nov. 12. For more information call, (303) 282-5135 or e-mail main… Continue Reading Nominations sought for business, art partnerships

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Wal-Mart leading drug cost inflation drop

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Ever since Wal-Mart and its competitors started selling prescription medicines for $4 each, the annual inflation in drug costs has dropped – and is now at the lowest rate in three decades. In July, Wal-Mart launched the low cost prescription drug plan, offering a month’s supply of 140 different generic medications for $4. The medicines… Continue Reading Wal-Mart leading drug cost inflation drop

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The Colorado Division of Insurance has fined Chicago-based Celtic Insurance Company $280,000 based on a review of the company’s business during 2005. A “market conduct examination” [390Kb pdf] found noncompliance with contract form requirements, the untimely payment of claims for consumers, inappropriate denial of benefits and the unlawful issue of certain types of policies. Celtic… Continue Reading Insurance commissioner issues $280,000 fine

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