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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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Commercial real estate lending tighter

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Office, retail and industrial investors might book that long-awaited vacation to Tahiti this year. They certainly won’t be pouring over commercial real estate offerings – at least based on current lending trends. The Federal Reserve is reporting that about 65 percent of domestic banks, on net, tightening their lending standards on commercial real estate loans… Continue Reading Commercial real estate lending tighter

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American businesses have seldom created products for or aimed advertising at the 55-plus demographic. Preferring to concentrate upon the next generation of consumers, the 18-34 age cohort has been the primary target of advertisers for decades, or at least since Pepsi-Cola’s discovery of “The Pepsi Generation.” The theory was – and is – a simple… Continue Reading Advertisers shift focus away from 18-34 demographic

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Perhaps as a result of historically high foreclosure rates, tight credit or a slow residential resale market, an increasing number of homes – and some commercial buildings – are now being offered for rent. As a result, property management companies are forming to handle the workload Dominion alliance ‘hands on’ Dominion Property Management, a partnership… Continue Reading Property management companies springing up, flourishing

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People on the Move – May 8, 2009

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Josh Chesbro has been promoted to supervising audit senior at Stockman Kast Ryan and Co. Monica M. Marquez has been named deputy attorney general overseeing the Colorado Department of Law’s State Services Section. She has worked for the Colorado Department of Law since 2002. Rhett Brengarth has been named vice president of commercial lending for… Continue Reading People on the Move – May 8, 2009

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Because of a large military population that spends hundreds of millions of dollars annually, Colorado Springs has enjoyed relative economic stability despite the recession. The Army is the state’s second largest employer, with a current active-duty population of more than 20,000 soldiers. And the largest single beneficiary continues to be El Paso County – home… Continue Reading Carson’s growth helps buffer local economy

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Old is Gold

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The United States might be going through one of the deepest recessions since the early 1980s, but some businesses that cater to baby boomers and the generation that preceded them are thriving. Collin Sutz, a hearing instrument specialist at All American Hearing said his company is seeing new clients and staying busy. “You know that… Continue Reading Old is Gold

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