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(A.P.) – The housing market may be sputtering, but Habitat for Humanity International is getting a $100 million gift from an Atlanta developer who said his work has offered him a look at the struggle of poor people to find decent housing.The nonprofit group announced today it received the largest individual contribution in its history,… Continue Reading Habitat for Humanity gets $100 million gift

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(A.P.) – New jobless claims rose more than expected last week due partly to an increase in layoffs by the automobile industry, while the number of people continuing to receive unemployment benefits set a record for the 15th straight week The Labor Department said Thursday the number of new claims rose to a seasonally adjusted… Continue Reading Jobless claims rise more than expected to 637,000

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Kaiser Permanente has signed a 20,000-square-foot lease at The Pavilions office park, a devlopment across the street from the Memorial North hospital that has sat vacant since it was constructed in 2008. Kaiser spokeswoman C.J. Moore said the facility will be occupied by the Kaiser Permanente Medical Group, which will open a first Medicare clinic… Continue Reading Medicare clinic to be The Pavilions first tenant

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Local economic officials are worried about what affect the Army’s decision to drop Pinon Canyon expansion plans could have on the region. Pentagon officials said opposition to the plan prompted the decision to instead use the money to buy 100,000 acres near Fort Polk, La. “It is a concern,” said Mike Kazmierski, CEO of the… Continue Reading What will loss of Pinon Canyon money mean?

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Retail sales drop in April

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WASHINGTON (AP) – Retail sales fell for a second straight month in April, a disappointing performance that raised doubts about whether consumers were regaining their desire to shop. A rebound in consumer demand is a necessary ingredient for ending the recession. The Commerce Department said Wednesday that retail sales fell 0.4 percent last month. Many… Continue Reading Retail sales drop in April

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Colorado ranked 9th for foreclosures

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Colorado had the ninth-highest foreclosure rate in the nation during April, according to RealtyTrac Inc. A total of 5,495 Colorado properties were in foreclosure , or one per every 387 households. That was down 1.5 percent from March and down 9 percent from April 2008. Nevada had the nation’s highest rate, with one in every 68 households… Continue Reading Colorado ranked 9th for foreclosures

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Contractors worried about 2010 budget cuts

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In a statement issued by the Associated General Contractors of America last week, construction industry analysts heralded a slowdown in layoffs and an actual increase in hiring in some areas – a direct affect of the American Recovery and Reinvestment Act of 2009. But the organization’s tone changed this week. In a follow-up statement, AGC… Continue Reading Contractors worried about 2010 budget cuts

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Springs safety net clinics receive help

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SET Family Medical Clinics and Peak Vista Community Health Centers are two of 14 health care centers to receive part of a $4.5 million grant to strengthen Colorado’s safety-net clinics. The Colorado Trust gave the grants to community clinics, federally qualified health centers, school-based health centers and local public health departments. Some clinics will use the… Continue Reading Springs safety net clinics receive help

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The Statewide Grand Jury has indicted Derek Roy Kent and Adam Kelepolo on suspicion of committing 11 counts of securities fraud and theft against Colorado investors between September 2002 and March 2007. “Securities fraud is a serious breach of the public trust,” Colorado Attorney General John Suthers said. “This case underlines that perpetrators of securities… Continue Reading Two suspected of taking Broadmoor Bluffs housing money

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Vice mayor: Enough is enough

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Colorado Springs Vice Mayor Larry Small has notified the city attorney and other members of the City Council that he will no longer support closed sessions about the city’s dealings with the U.S. Olympic Committee. He told City Attorney Patricia Kelly that he appreciates her concern about discussing the current litigation in private. “But I… Continue Reading Vice mayor: Enough is enough

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