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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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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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