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Existing home sales up 2%

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WASHINGTON (AP) – Sales of previously occupied homes rose modestly from March to April as buyers who were brave enough to dive into the market took advantage of prices that were 15.4 percent below year-ago levels.The National Association of Realtors said Wednesday that home sales rose 2.9 percent to an annual rate of 4.68 million… Continue Reading Existing home sales up 2%

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Dr. Wes Metzler, president and CEO of the Humane Society of the Pikes Peak Region since 1993, said today that he plans to retire next year. The board of directors is searching for a replacement. During his tenure, Metzler led a capital campaign for the shelter and spearheaded a bond referendum, which voters approved.  Before… Continue Reading Humane Society CEO Metzler retiring

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A luncheon panel discussion scheduled for tomorrow will address how added military troops coming to Colorado Springs will affect the local economy. The meeting is scheduled from 11:30 a.m. to 1:30 p.m. at the Warehouse Restaurant, 25 W. Cimarron St. Panelists include City of Fountain Planning Director David Smedsrud and Army Lt. Col. Ron Bolton.… Continue Reading Panel to consider economics of region’s military troop influx

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DDA awards $130,000 to beautify downtown

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Nineteen downtown businesses and organizations have been awarded $130,000 in challenge grants from the Downtown Development Authority to spruce up downtown. Renovation plans include adding landscaping, infrastructure upgrades, new signage and even a couple of murals. A grant was awarded to help create the Conservation Hardware Center, a store that sells sustainable energy accessories, at 409… Continue Reading DDA awards $130,000 to beautify downtown

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(AP) – More than 90 percent of economists predict the recession will end this year, although the recovery is likely to be bumpy. That assessment came from leading forecasters in a survey by the National Association for Business Economics to be released Wednesday. It is generally in line with the outlook from Federal Reserve Chairman… Continue Reading Economists say recession will end this year

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SAN FRANCISCO (AP) – The California Supreme Court upheld a voter-approved ban on same-sex marriage Tuesday, but it also decided that the estimated 18,000 gay couples who tied the knot before the law took effect will stay wed. The 6-1 decision written by Chief Justice Ron George rejected an argument by gay rights activists that… Continue Reading California Supreme Court upholds gay marriage ban

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Only a few months remain for small businesses to take advantage of tax breaks offered by the American Recovery and Reinvestment Act. Faster write-offs for capital expenditures Many small businesses that invest in new property and equipment will be able to write off most or all of the purchases on their 2009 returns. The new… Continue Reading Time running out for small business stimulus tax breaks

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Obama memo returns rights to states

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President Barack Obama has issued a statement that limits the federal government’s ability to preempt state law – overturning a practice put in place by former President George W. Bush. According to the memo no regulatory agency can issue rules that have the force of law over current state law. Instead, the agencies must go… Continue Reading Obama memo returns rights to states

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The bad news: Staffing industry employment was significantly lower in the first quarter of 2009 compared to last year.  The good news: Colorado Springs has been spared the worst declines. America’s staffing companies employed an average of two million temporary and contract workers per day from January through March—down 27.9 percent or 769,000 jobs from the first quarter… Continue Reading Springs staffing industry faring better than nation’s

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Budget cuts mean some of the city’s worst roads will remain bad for another year – and potholes? Forget about it. A budget crunch means the City of Colorado Springs will resurface 84 miles of road this year – 69 percent less than last year. The combined 2009 City Streets Division and Pikes Peak Rural… Continue Reading Fewer streets to be repaired and potholes to go unfilled

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