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Number of foreclosures hits 1 million

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The U.S. Department of the Treasury estimates that 1 million homes nationwide are in the process of foreclosure. As of June 30, there were 992,554 homes in the process of foreclosure, up 15.3 percent from March 31 and up 79.4 percent from the same period a year ago, according to the Office of the Comptroller… Continue Reading Number of foreclosures hits 1 million

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IRS to conduct 6,000 random business audits

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Your friendly Internal Revenue Service auditor might soon be knocking at the door. The IRS is set to begin reviewing the tax records of 5,000-6,000 randomly chosen businesses this November, according to an update from the National Association for the Self Employed. The audit process is expected to take three years to complete, both for… Continue Reading IRS to conduct 6,000 random business audits

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Colorado mortgage rates dip to 4.9%

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Mortgage rates in Colorado dropped to 4.9 percent yesterday and are likey to keep falling today, say analysts from Zillow Mortgage Marketplace. Local rates for 30-year-fixed mortgages topped 5.3 percent in early August and have been heading more or less downward ever since, according to Zillow data. Yesterday’s statewide average was slightly below the national… Continue Reading Colorado mortgage rates dip to 4.9%

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ER visits up, doctors consider incoming H1N1 tide

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Colorado Springs hospitals have seen an increase in patients with H1N1 symptoms — up as much as 30 percent each day at Penrose-St. Francis Health Services.  And, while doctors at the city’s other hospital system, Memorial Health System, also say they’ve seen a significant jump in ER visits, doctors at both hospitals say they can… Continue Reading ER visits up, doctors consider incoming H1N1 tide

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Homeowners in financial trouble often redefault

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WASHINGTON (AP) – Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help fall behind again. More than 50 percent of homeowners with loans modified in the first half of last year had missed at least two months of payments a… Continue Reading Homeowners in financial trouble often redefault

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Producers of the game show Wheel of Fortune will be in Cripple Creek this weekend looking for show contestants. Wheelmobile, the show’s promotional vehicle, seeks players who are energetic, enthusiastic and fun. Applicants’ names will be drawn at random to play a simulated version of the game onstage, win unique prizes and be evaluated as… Continue Reading Wheel of Fortune to visit Cripple Creek, seeking contestants

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Small businesses to hike insurance premiums

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More than 92 percent of small businesses are planning to increase their insurance premiums during the upcoming year – some as much as 20 percent. “The cost of health insurance has dire implications on small business job creation,” said Todd McCracken, president and CEO of the National Small Business Association, which annually conducts a small… Continue Reading Small businesses to hike insurance premiums

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The Metro Denver Economic Development Corp. has upped its efforts to expand foreign routes and strengthen the local airline economy through them. A new committee, the Metro Denver Aviation Coalition, will lead the charge. The MDAC’s chairman for 2009-2010 will be Mike Caflisch, director of aviation operations for Jeppesen. The group is an outgrowth of the… Continue Reading Denver forms committee to expand foreign airline routes

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CONO forum about region’s fiscal issues Oct. 13

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The Council of Neighbors and Organizations’ Third Community Economic and Fiscal Forum is scheduled from 6:30 to 8:30 p.m. Oct. 13, at the West Intergenerational Center, 1628 West Bijou St. The forum will include community discussion of the implications of the current county and city economic and fiscal situation. Small and large group discussions will be… Continue Reading CONO forum about region’s fiscal issues Oct. 13

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The Colorado Supreme Court will hear oral arguments in two cases on Thursday, Oct. 1 at Columbine High School, 6201 S. Pierce St., Littleton. Students and the public are invited. The court will hear arguments in actual cases from which it will issue opinions. The court generally issues opinions within a few months of the… Continue Reading Colorado Supreme Court to convene at Columbine High School

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