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Things are a little hectic at the City Clerk’s office these days. What was once an office of 10 people has been reduced to seven because of city budget reductions – and mail-in ballots for the city’s April 7 election are flowing in faster than Fountain Creek during spring runoff. “All of our elections are busy,… Continue Reading City Clerk’s office swamped with election work

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District Court Judge Larry Schwartz has ruled that the historic Grace and St. Stephen’s Episcopal Church property is held in trust for the mission and ministry of the Episcopal Church and has ordered the breakaway congregation that took possession of the property two years ago to leave. Schwartz’s opinion states: “I find and conclude that,… Continue Reading Court rules in favor of Grace and St. Stephen’s

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Foreclosure proceedings against 110 acres of land in northern El Paso County managed by the developer chosen by the city to oversee the U.S. Olympic Committee headquarters/Olympic Training Center project appear to be just the tip of the legal iceberg bearing down on Ray Marshall and LandCo. While Marshall’s attorneys, Greenberg Traurig, claimed that he… Continue Reading Marshall, LandCo facing landslide of legal problems

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China calls for new, global currency

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BEIJING (AP) – China is calling for a new global currency controlled by the International Monetary Fund, stepping up pressure ahead of a London summit of global leaders for changes to a financial system dominated by the U.S. dollar and Western governments. The comments, in an essay by the Chinese central bank governor released late… Continue Reading China calls for new, global currency

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First-time homebuyers seizing opportunity

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WASHINGTON (AP) – Sales of previously occupied homes jumped unexpectedly in February by the largest amount in nearly six years as first-time buyers took advantage of deep discounts on foreclosures and other distressed properties. Economists said sales, while still at levels not seen since 1997, may finally be coming back to life after declining sharply… Continue Reading First-time homebuyers seizing opportunity

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Obama seeks to free frozen credit markets

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WASHINGTON (AP) – The Obama administration launched a new effort Monday to end a paralysis in lending, saying it will team with investors to initially buy up to a trillion dollars of bad assets from banks that have been reluctant to make loans to consumers and companies. In announcing the program, Treasury Secretary Timothy Geithner… Continue Reading Obama seeks to free frozen credit markets

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Most people think an ATM transaction will be denied if the account has insufficient funds, but that’s not always the case. Many consumers are not aware the banks will often allow withdrawals when the money is not there – and customers later find that they’ve been hit with an overdraft or insufficient funds fee. It’s easy money… Continue Reading Consumers Union trying to change overdraft fee practices

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Chase bank is moving its downtown headquarters from the corner of Pikes Peak Avenue and Tejon Street four blocks north to its branch at Boulder and Tejon streets. The move will also mean a $4 million facelift for the Boulder branch. Chase market president John Kitchen said a need for more parking space and drive-thru… Continue Reading Chase leaving ‘banking’ intersection for greener parking pastures in north downtown

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(A.P.) – A more severe decline in cash flow than previously expected has led to a lowering of debt ratings deeper into junk for newspaper publishers MediaNews Group Inc. and Freedom Communications Inc. MediaNews Group publishes the Denver Post, while Freedom is the parent of the Colorado Springs Gazette. Standard & Poor’s Ratings Services on… Continue Reading S&P lowers debt ratings for owners of Gazette and Denver Post

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Interest rates cannot go lower, and home prices are down these days. So, if you’re purchasing a home this year, be sure to claim the new $8,000, first-time homebuyer tax credit, which is part of the Recovery Act. Internal Revenue Service Commissioner Doug Shulman said there are several different ways for homebuyers to receive this… Continue Reading Recovery Act allows $8,000 first-time homebuyer tax credit

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