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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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City starts business tax amnesty program

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City tax collectors have created an amnesty program to ease the tax burden for business owners who are delinquent – and bring in some much needed revenue for the city. Starting today, business owners who have not paid taxes have until Aug. 14 to enter an agreement that will allow them to pay a 6-percent… Continue Reading City starts business tax amnesty program

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(A.P.) The U.S. trade deficit rose during March for the first time since last July as the global recession cut sharply into sales of American exports. The Commerce Department reported that the deficit widened to $27.6 billion during the month, slightly lower than the $29 billion gap that economists had forecast. The March deficit was… Continue Reading Trade deficit widens to $27.6 billion in March

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AAA predicts that drivers will hit the highways in droves this Memorial Day weekend, lured by low gas prices. The national average of U.S. retail gasoline prices dropped to $2.24 per gallon today, down nearly 40 percent from $3.71 per gallon a year ago, AAA said. Trips by automobile will increase 2.7 percent, from 26.3 million… Continue Reading Low gas prices to prompt Memorial Day travel

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Gov. Bill Ritter will sign a cyclist protection bill, Senate Bill 148, this evening at the Penrose Library in downtown Colorado Springs. The signing event is scheduled from 5:30 to 9 p.m. The bill, sponsored by Rep. Mike Merrifield and Sen. Greg Brophy, will require motorists to give cyclists at least three feet of space… Continue Reading Gov. Ritter to sign cyclists’ bill today in Springs

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On Friday, we reported on our Web site that the U.S. Olympic Committee had terminated its $52 million agreement with the City of Colorado Springs and LandCo Equity Partners. USOC spokesman Darryl Seibel confirmed the story in an e-mail, which he subsequently sent to other media outlets. But what is even more troubling than the… Continue Reading CSBJ View: City needs to come clean about USOC deal

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First-class postage climbs 2 cents

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WASHINGTON (AP) – The post office wants two more pennies for your thoughts. The price of a first-class stamp for mailing a letter – or paying a bill – climbed to 44 cents Monday, though folks who planned ahead and stocked up on Forever stamps will still be paying the lower rate. It’s the third… Continue Reading First-class postage climbs 2 cents

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The U.S. Olympic Committee has notified the city that it is withdrawing from the “Economic Development Agreement “executed by the city, LandCo and the USOC on March 31, 2008.

“The USOC has terminated the Economic Development Agreement, the Design Build Agreement and Affiliation Agreement amongst the city, LandCo and the USOC,” USOC spokesman Darryl Seibel wrote in an e-mail. “That said, we are still in discussions with the city and LandCo to find a resolution to the open issues and, if possible, see these projects fully developed and delivered.”

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Wholesale inventories fell for a seventh straight month during March, according to a Commerce Department report released today. The drop amounted to 1.6 percent decline, following a 1.7 percent fall during February. Wholesale inventories are goods held by distributors who buy from manufacturers and sell to retailers. Economists reason the drop in stockpiles means retailers… Continue Reading Wholesale inventories fall for a seventh month

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Results of the banking stress tests shouldn’t be causing stress. While most reports call attention to the 10 banks that need additional capital, only one, GMAC, will need outside assistance. “The banking industry is well positioned to thrive even within the government’s theoretical doomsday scenario,” said Don Childears, CEO of Colorado Bankers Association. All 19 of the large… Continue Reading Stress tests don’t uncover doomsday results

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