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A Colorado man is accused of bilking more than $10 million from investors through an elaborate multi-state Ponzi scheme. The Statewide Grand Jury indicted 30-year-old Jason T. Brooks on 24 counts of securities fraud and theft. According to the indictment, Brooks solicited and accepted more than $10 million from investors in Boulder, Broomfield, Larimer and… Continue Reading 30-year-old indicted for Ponzi scheme that netted millions

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While most state’s economic growth slowed last year, Colorado’s growth of 2.9 percent remained comparatively strong, ranking fourth in the nation. North Dakota ranked first with 7.9 percent growth, Wyoming second with 4.4 percent and South Dakota third with 3.6 percent. Real GDP growth slowed in 38 states, with downturns in construction, manufacturing, and finance… Continue Reading Colorado economic growth comparatively strong in 08

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USAA insurance has decided to reimburse credit card transaction fees for military members deployed overseas. MasterCard and Visa charge USAA the tranaction fees, but USAA annouced today that it will not pass along the cost to military members. The benefit applies to USAA members for up to 12 months from when they notify USAA in… Continue Reading USAA to pay military member transaction fees

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The city’s Special Events Committee will host a meeting at 1:30 p.m. June 9 at the Regional Building Department headquarters, 2880 International Circle, to discuss the Good Times Car Show on Aug. 16 and the Welcome Home Parade on Aug. 29. The Good Times Car Show takes place from 9 a.m. to 5 p.m. along Colorado… Continue Reading Meeting set to discuss downtown, Old Colorado City events

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Personal income increases during April

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Despite the recession, April was a good month for personal income in the United States. This morning, the Bureau of Economic Analysis released statistics which show that personal income increased $58.2 billion, or 0.5 percent, during April, while disposable personal income increased $121.8 billion, or 1.1 percent. Simultaneously, personal consumption expenditures decreased $5.4 billion, or… Continue Reading Personal income increases during April

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Dow drops GM, Citigroup

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General Motors Corp. and Citigroup Inc., were removed from the Dow Jones Industrial Average and replaced by Cisco Systems Inc. and Travelers Cos. GM, which filed for bankruptcy protection today, and Citigroup, the recipient of $45 billion in taxpayer aid, became the first companies since September to leave the DJIA. Their shares have lost more… Continue Reading Dow drops GM, Citigroup

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For those curious about how Colorado Springs payrolls stack up with other defense/aerospace hubs across the country, here’s a quick look at the average salaries paid in the top 10 cities for DoD-related jobs. Top 10 average salaries for 2009/08 and 2008/07: 1. Washington, DC $82,874; $80,380 2. Virginia $80,135; $78,043 3. Colorado $74,000; $74,448… Continue Reading Colorado pays third highest salaries for defense jobs

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Manitou wine to help create Manitou museum

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Fans of Manitou Springs can sip their way toward building the Manitou Springs Heritage Center. D’Vine Wine in the Historic Spa Building, at 934 Manitou Ave. is creating Manitou’s Classic Elixir, a series of custom-labeled and blended wines that will be sold to benefit Historic Manitou Springs, which is attempting to create Heritage Center, a Manitou… Continue Reading Manitou wine to help create Manitou museum

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Bar code marks 35 years of use

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The Universal Product Code, better known as the bar code, will celebrate its 35th anniversary Wednesday. One of the world’s best-known symbols, the U.P.C. comprises a row of 59 machine-readable black and white bars and 12 human-readable digits. Both the bars and the digits convey the same information: the identity of a specific product and its… Continue Reading Bar code marks 35 years of use

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People on the Move – June 1, 2009

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Wally Roy has joined CB&T Mortgage as a loan adviser. He has 10 years of mortgage experience. Jim Pagano has earned Leadership in Energy and Environmental Design Accredited Professional designation. He is a senior project manager for Nunn Construction Inc. Bob Blodgett has been named principal of Clifton Gunderson. He has nearly 35 years of… Continue Reading People on the Move – June 1, 2009

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