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Entries posted by staff.writer

Colorado now nation’s biggest beer producer

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Colorado is known for its majestic mountain ranges, natural beauty, rich history – and now for beer. The state outpaced former first place beer producer California last year when it produced more than 23.3 million barrels or 724.5 million gallons of beer, according to newly released data from the Beer Institute. California now ranks No.… Continue Reading Colorado now nation’s biggest beer producer

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This Veterans Day, Nov. 11th, all Colorado Springs Water Works Car Wash locations will give free car washes to military veterans. No I.D. is required to get the free wash. “Your word is all we need to give you the wash for free,” said Water Works CEO Jim Spinato. The free washes will offered from… Continue Reading Water Works salutes veterans with free car wash

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FDIC approves new banking rule

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The Federal Deposit Insurance Corp. has approved a rule that requires certain large banks to calculate risk-based capital requirements using their own internal parameters to determine credit and operational risk. It is the final rule of the Basel II Capital Accord. Under the new regulation, banks will be able to calculate specific credit risks to… Continue Reading FDIC approves new banking rule

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Growth outlook bleak for manufacturers

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Manufacturing growth plans during the next 12 to 24 months Plan to expand business: 25% Yes 75% No Of those planning expansion: 21% Expand at current locations 20% Enhance customer service 18% Add new products 18% Add locations 11% Provide more services 8% Other 4% Acquisitions Small manufacturing companies don’t seem to be very optimistic… Continue Reading Growth outlook bleak for manufacturers

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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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