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For years, pensions were a part of American life. As long as employees worked 35 years for a company, they didn’t have to fret about retirement plans — it was the employer’s responsibility. But bygones are bygones. Over time, employees have had to take personal responsibility for their retirement planning. “We’ve shifted from the pension… Continue Reading Understanding retirement plans during troubled times

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Commercial lending is not a business for the faint of heart. Several years ago, lenders worked overtime — scarcely able to keep up with demand. Now, they must patiently stay the course, until the market scrapes bottom before rising. Nationally, commercial and industrial lending is described in such reticent terms as “unlikely to loosen quickly.”… Continue Reading The dog days of recession for commercial lenders

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There’s real estate, and then there’s incomparable and one-of-a-kind Colorado terra firma. In a move to preserve some of the city’s prime land for open space and parks, the El Paso County Board of Commissioners has approved a zoning change that clears the way for the City of Colorado Springs to acquire 42.5 acres of… Continue Reading City’s acquisition of White Acres gets green light

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Golden girl moves west

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It didn’t take Phoebe Schmidt very long to notice something strange about Colorado Springs. Upon moving from New York City five years ago, she went on a shopping spree with her sister in-law for western boots. What they found was disappointing: nothing but boots in black and brown. Now Schmidt, a sophisticated shopper, knew Colorado… Continue Reading Golden girl moves west

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People on the Move – August 28, 2009

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Stephannie Finley has been named Business Leader of the Year by the Southern Colorado Women’s Chamber of Commerce. She is president of the Governmental Affairs and Public Policy Division of the Greater Colorado Springs Chamber of Commerce, and a principal staff member of its political action committee. Karen Sugano has been promoted to senior regional… Continue Reading People on the Move – August 28, 2009

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More Medicare reductions

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Hospitals worry about long-term impact of continued cuts Hospitals are scrambling to stem the effects of an additional 1.5 percent reduction in Medicaid reimbursements. The cuts come on top of the 2 percent reduction in Medicaid payments that was enacted earlier this year. “The cuts hit some hospitals pretty hard,” said Tom Nash of the… Continue Reading More Medicare reductions

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The EL Pomar Foundation has released the names of 26 local recipients of $305,000 as part of the 2009 Colorado Assistance Fund II program.
Continue Reading Grants awarded to 26 Pikes Peak region nonprofits

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More than 200 people gathered this morning at the Pioneers Museum to kickoff “A City Worth Fighting For,” a campaign to persuade voters to approve a 10-mill city property tax increase. The campaign is led by councilwoman Jan Martin, who yesterday persuaded her council colleagues to refer the issue to the November ballot. Joining her… Continue Reading 200 gather in support of mill levy increase

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For many Americans, the Labor Day tradition is marked by barbecues and deciding between burgers and brats. But, in the business world, the heaviest job downsizing period of the year traditionally starts after the holiday. This year, however, could defy tradition. The heaviest cuts may have occurred during the first quarter. As the economy shows signs… Continue Reading Worst of the job cuts behind us, now pass the mustard

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The Science and Engineering Building at the University of Colorado at Colorado Springs has earned Leadership in Energy and Environmental Design Gold certification from the U.S. Green Building Council. LEED is the Green Building Council’s rating system for designing and constructing, energy efficient and high-performing green buildings. “This award is significant because it shows what… Continue Reading UCCS Science and Engineering Building earns gold

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