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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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NEW YORK (AP) – Consumer confidence extended its rebound in May, soaring to the highest level since September as more shoppers are feeling the worst of the recession is behind them. The Conference Board said today that its Consumer Confidence Index, which had dramatically increased in April, zoomed past economists’ expectations to 54.9 from a… Continue Reading Consumer confidence at highest level since September

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State unemployment rate declines slightly

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Colorado’s unemployment rate dropped a tenth of a percentage point from March to April, the first month-to-month decrease since October 2007.However, labor officials cautioned that further jobless-rate increases lie ahead. The April statewide rate was 7.4 percent, down from 7.5 percent in March, according to the Colorado Department of Labor and Employment reported. The April… Continue Reading State unemployment rate declines slightly

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WASHINGTON (AP) – President Barack Obama named federal appeals judge Sonia Sotomayor as the nation’s first Hispanic Supreme Court justice today, praising her as “an inspiring woman” with both the intellect and compassion to interpret the Constitution wisely. Obama said Sotomayor has more experience as a judge than any current member of the high court… Continue Reading Obama names Sotomayor as Supreme Court Justice

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The Air Force made an additional 200 free, reserved-seat tickets available today for the Air Force Academy’s graduation ceremony at 10 a.m. tomorrow. Vice President Joe Biden will give the commencement speech and the Air Force Thunderbirds will perform. Half the tickets will be available at the Greater Colorado Springs Chamber of Commerce, 6 S.… Continue Reading 200 extra Air Force Academy graduation tickets available

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DENVER (AP) -Vice President Joe Biden will be in Denver to host a town hall-style meeting about the middle class and environmental jobs, and members of the public have a chance to attend. The event at 2 p.m. Tuesday at the Denver Museum of Nature and Science comes three months after President Barack Obama was… Continue Reading Biden to discuss green jobs in Denver today

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The Inasmuch Foundation will award $119,300 in grants to 11 local nonprofit organizations.   “In these difficult economic times, we believe it is imperative to support nonprofit organizations that recognize the importance of utilizing limited resources efficiently tonsure the continuity and, when possible, the expansion of services,” said Robert Ross, president and CEO of the… Continue Reading Inasmuch awards grants to 12 Springs nonprofits

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