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USA Basketball is looking to move its headquarters and training facilities out of Colorado Springs after the 2008 Summer Games. USA Basketball, the national governing body for men’s and women’s basketball in the U.S., has issued a request for proposal to cities interested in forging a long-term partnership. More than 20 cities have expressed interest.… Continue Reading USA Basketball looking to move from Springs

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Waiting tables a real drag for women

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There’s a good chance your waitress is depressed. Nearly 15 percent of women working in the food service industry report having experienced depression in the last year – nearly triple that of their male counterparts, according to a report by the U.S. Department of Health & Human Services. And, depression among food workers is among… Continue Reading Waiting tables a real drag for women

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The appropriations bill passed last night in the U.S. Senate contains more than $1.7 million for Colorado projects – none of which are local. The projects include: $200,000 for Mercy Health Foundation in La Plata County to expand its primary care and prevention services $200,000 for Denver Health Medical Center in Denver to expand and… Continue Reading Senate OK’s appropriations bill with Colorado projects

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Light Blue Optics, based in the United Kingdom, has opened a research and development facility in Colorado Springs. The company, which produces holographic laser technology, will employ 12 people initially and has leased office space at 4775 Centennial Blvd.

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Springs hotel occupancies, room rates rise

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Hotel occupancies and room rates in Colorado Springs have risen slightly during the last year. The average occupancy rate for Colorado Springs-area hotels was 69.3 percent during September, compared with 62.1 percent during September last year, according to the latest Rocky Mountain Lodging Report that was released this week. The average room rate for area… Continue Reading Springs hotel occupancies, room rates rise

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Merrill Lynch reports record loss

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Merrill Lynch & Co. reported the biggest quarterly loss in its 93-year history after $8.4 billion worth of writedowns. The third-quarter loss of $2.24 billion, or $2.82 a share, was about six times higher than the New York-based company estimation on Oct. 5. Merrill Lynch wrote down the value of subprime mortgages, asset-backed bonds and… Continue Reading Merrill Lynch reports record loss

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SBA hands out $20.6B in 110,000 loans this year

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Already this year, the U.S. Small Business Administration has broken loan records, increasing total loan-dollar volume and lending more than 5.5 percent in underserved areas. The SBA approved 110,275 loans worth more than $20.6 billion under its two primary loan programs during the 12 months ending on Sept. 30, compared with 107,233 loans worth $20.25… Continue Reading SBA hands out $20.6B in 110,000 loans this year

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The Colorado Supreme Court is scheduled to hear arguments about the constitutional amendment that limits lobbyists’ gifts to legislators at 9 a.m. Thursday. Voters approved Amendment 41 in November 2006. Since then, the Colorado Attorney General attempted to interpret the amendment’s reach. In May, the court granted a temporary injunction until a full hearing on… Continue Reading State Supreme Court to consider lobbyist gift rule

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Cumulative declines in single-family construction and building permit authorizations is approaching 50 percent, said David Seiders, chief economist for the National Association of Home Builders. He also said annual rates for both starts and building permits fell below the million-unit market for the first time since 1995. The NAHB/Wells Fargo Housing Market Index dropped to… Continue Reading Single family home building declines approach 50%

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Gasoline prices begin winter ascent

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Gas prices increased by about 5 cents during the past two weeks, to an average of $2.80 per gallon of self-serve regular, according to the Lundberg Survey released this week. The increase brings gas prices up 60 cents compared to prices at this time last year, but 38 cents below the all-time peak of $3.18… Continue Reading Gasoline prices begin winter ascent

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