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WASHINGTON (AP) – Construction spending fell for a fifth straight month in February as another big drop in home building offset a slight rebound in nonresidential construction.The Commerce Department said Wednesday that February construction activity dropped 0.9 percent, less sharply than the 1.5 percent decline economists expected. Total construction has been falling since October. The… Continue Reading Construction spending falls for fifth straight month

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DETROIT (AP) – General Motors Corp.’s new chief executive said Tuesday that more of the automaker’s plants could close and bankruptcy is “more probable” as GM works to meet new, tougher requirements for government aid.In his first news conference as CEO, Fritz Henderson said he expects the company would “need to take further measures” beyond… Continue Reading GM CEO says bankruptcy a probable outcome

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The Auto Dealer Associations of Colorado and Colorado Springs put their best new green cars on display this morning in front of the Antlers Hilton Hotel. “It’s really just an opportunity to educate the public about what kind of clean burning hybrid and diesel cars are available to them,” said Colorado Auto Dealers Association president… Continue Reading New ‘green’ cars displayed at Antlers today

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The state Department of Labor and Employment said Coloradoans receiving unemployment benefits now qualify for up to 13 additional weeks of payments. The news comes after Colorado narrowly missed the extension criteria during the last review a few weeks ago. To qualify for an extension, states must reach a total three-month average unemployment rate greater… Continue Reading Colorado qualifies for extended unemployment benefits

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Health officials say a new program that combines technology and health care has increased the recovery chances for heart attack patients by 88 percent. The pilot program, conducted in Colorado by Kasier Permanente, consists of nursing and pharmacy teams working together with heart disease patients and their doctors. The team works together toward the patient’s lifestyle modification,… Continue Reading Team-approach program improves heart attack survival rate

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G.E. Johnson: USOC work will continue

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The general contractor for the U.S. Olympic Committee headquarters at 27 S. Tejon St. said today that work on the building will continue – at least for now. Jim Johnson, president of G.E. Johnson Construction Co., said that he met with LandCo President Ray Marshall and United Western Bank representatives today to discuss the project.… Continue Reading G.E. Johnson: USOC work will continue

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The lawsuit LandCo filed against the U.S. Olympic Committee and the City of Colorado Springs was conceived well before any of the deadlines in the original agreement among the three partners had passed. “(LandCo lawyer) Steve Long has been working on this for six months,” said Russ Rizzo of Linhart P.R., a Denver-based firm which represents… Continue Reading LandCo lawsuit planned before deadlines passed?

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City officials have set up an account for donations to keep the Julie Penrose Fountain and the Uncle Wilber Fountain operating this summer. City budget cuts eliminated $4.6 million from parks and recreation, including all of the operating money for the two fountains. The total cost to run the two fountains from Memorial Day to Labor… Continue Reading Account created for Uncle Wilber, Julie Penrose fountain donations

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WASHINGTON (AP) – However they satisfy their nicotine cravings, tobacco users are facing a big hit as the single largest federal tobacco tax increase ever takes effect Wednesday. Tobacco companies and public health advocates, longtime foes in the nicotine battles, are trying to turn the situation to their advantage. The major cigarette makers raised prices… Continue Reading Federal tobacco tax in effect Wednesday

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LandCo sues city, USOC

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FOX 21 News is reporting that LandCo, the company overseeing construction of the U.S. Olympic Committee building, has filed suit against the City of Colorado Springs and the USOC, saying the two have failed to keep promises of the development deal. Click here to read the story.

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