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WASHINGTON (AP) – The U.S. housing market has started to recover from the most far-reaching crisis since the Great Depression, data released Thursday shows.Sales of previously occupied homes rose for the third month in a row in June, the National Association of Realtors reported. That hasn’t happened since early 2004, during the boom. “The turnaround… Continue Reading June existing home sales rise by 3.6 percent

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By an 8-1 vote on Wednesday afternoon, the City Council, acting as the Utilities Board, approved the construction of the long-planned southern delivery system to bring water from Pueblo Reservoir to Colorado Springs, Fountain, and Pueblo West. The first phase of the project, with an estimated cost of $880 million, was previously scheduled for completion… Continue Reading City approves Southern Delivery System

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Colorado Securities Commissioner Fred Joseph filed a fraud complaint today in Denver District Court against four businesses, saying their investment marketing tactics violated the Colorado Securities Act. The companies, HEI Resources, Heartland Energy Development Corp., Bedrock Energy Development and Gulf Coast Western, along with a number of associates and attorneys named in the complaint, are accused of perpetrating a long-running… Continue Reading Springs oil and gas investment promoters charged with fraud

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The city has placed plans to develop a downtown transit station on hold. The city said this morning that continued fiscal challenges and the possibility of additional cuts to transit service prompted the decision. The plans will lie dormant for “an undetermined amount of time.” A number of other factors might have contributed to the… Continue Reading City puts transit station plans on hold

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Colorado’s Grubb & Ellis commercial real estate and investment brokers predict a gradual quarter-by-quarter office vacancy rate increase through the rest of the year. Senior economist Bob Bach said lease rates will continue their downward slide, increasing 17.6 percent for second quarter. As a result, some tenants who are able to do so will take… Continue Reading Office vacancy rates expected to grow through 2009

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Stimulus tax-break deadlines loom

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The American Recovery and Reinvestment Act of 2009 provides numerous tax breaks and incentives. But, many have expiration dates. To deduct state and local taxes on the purchase of new cars, light trucks, motor homes and motorcycles under the new vehicle purchase incentive, the vehicles need to be purchased before the first of the year.… Continue Reading Stimulus tax-break deadlines loom

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Lots of people are moving to Colorado. The state, and the West in general, are still the nation’s biggest relocation hot spots, according to a United Van Lines report that included data from the first half of this year. And, more people are moving into Colorado than are moving out. About 55 percent of Colorado’s… Continue Reading Colorado remains a hot relocation destination

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While medical marijuana supporters hailed the state’s decision yesterday to uphold a constitutional amendment that allows the drug to be dispensed to an unlimited number of patients, at least one local dispensary believes the burgeoning industry needs more oversight. “In some aspects, I’d be relieved to see some more regulation – the amendment has so many… Continue Reading Medical marijuana victory hailed – but unease lingers

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The 50 million American workers who labor each day in cubicles without office doors to shut might have a new tool to help avoid interruption. Instead of fantasizing about duct taping coworkers’ mouths shut, they can install a CubeGuard Cubicle Message Barrier, a retractable message banner that can be mounted across an office doorway or cubicle with messages… Continue Reading CubeGuard could help avoid office interruption

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State fines insurer $90,000

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Time Insurance Co., which does business under the name of Assurant Health, has been fined $90,000 for violations of state insurance laws. A market conduct examination performed by the Colorado Division of Insurance found the following violations for calendar year 2007: Failure to maintain required records. Failure to include a required disclosure regarding portability of… Continue Reading State fines insurer $90,000

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