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Economist predicts further interest rate cuts

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In the face of low national job growth and a surprising jump in national unemployment, the Vectra Bank Colorado Small Business Index registered 94.8 during December, up from a revised 92.7 during November 2007. That was enough to cause Vectra Bank’s corporate economist Jeff Thredgold to believe that additional federal interest rate cuts are on… Continue Reading Economist predicts further interest rate cuts

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The 17-acre Colorado Springs Post Time Greyhound Park is one of the state’s four racetracks that wants to add video-gambling machines to its operation. The state’s voters would be asked to approve a ballot issue if BLB Investors, the local track’s owners, move ahead on plans to promote redevelopment of the four facilities to a… Continue Reading Racetrack owners making another run at video gambling

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Commissioners approve developer park fees

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The El Paso County Board of Commissioners has approved the 2008 Regional and Urban Park Fees that are paid by developers per housing unit to in turn fund regional and urban parks. The fees for neighborhood parks are $105, for community parks $161 and for Regional parks $422. The Board approves these fees each year… Continue Reading Commissioners approve developer park fees

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Book of Lists party a hit

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More than 170 movers and shakers from the local business community attended a Colorado Springs Business Journal reception last night to celebrate the release of the 2008 Book of Lists. They ate. They drank. They made business connections. Photos from the reception are posted at CSBJ.com.

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Violent crimes down 10 percent in Springs

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The Federal Bureau of Investigation says violent crimes are down 10 percent in Colorado Springs and that overall the state is seeing fewer violent crimes. Violent Crime Reports Jan – June 2007 Arvada 90 111 + 23.3 Aurora 927 860 – 7.2 Centennial 92 80 – 13.0 Colorado Springs 1,068 964 – 9.7 Denver 2,196… Continue Reading Violent crimes down 10 percent in Springs

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CEOs held on to jobs last year

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More CEOs apparently held on to their jobs last year than in 2006 – despite the subprime lending fallout. Chief executive departures fell 8.3 percent from 2006’s record levels, say analysts from Challenger Gray & Christmas. Last year, 1,356 chief executives were relieved of their duties, down from nearly 1,478 during 2006. Of the exits,… Continue Reading CEOs held on to jobs last year

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People are moving out of the Great Lakes region and into the southern and western United States. That’s according to findings from United Van Lines’ 2007 “migration” study that tracks where its customers moved from and to the most popular destinations. The South emerged as a top migration spot in 2007. The list was headed… Continue Reading Americans moving south, west

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Honeywell gets $389 M contract add on

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Honeywell Technology Solutions Inc. of Colorado Springs has received a $389 million add-on to an existing Air Force contract. This latest increase will allow the Air Force to pay for work on systems and maintenance engineering, network support integration, on-site and off-site depot level maintenance and software maintenance of the Air Force Satellite Control Network.

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The devil’s in the stock details

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A conservative Christian pastor says he’s launching a high-profile campaign to urge religious followers to buy up corporate stock in an attempt to stop mega-corporations from financing “ungodly ventures.” The Seattle Post-Intelligencer reports that the Rev. Ken Hutcherson of Antioch Bible Church in Washington is convincing followers to start buying shares of Microsoft and begin… Continue Reading The devil’s in the stock details

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China has boosted its steel output during the last three years through energy subsidies, said the Alliance for American Manufacturing. Total Chinese energy subsidies for steel reached $27.1 billion during the last seven years. Despite the country’s entry into the World Trade Organization – which deems subsidies on steel illegal – the subsides continued to… Continue Reading China using energy subsidies to boost steel production

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