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A perfect storm of declining sales, increasing claims and no way to recoup investments during a down economy has hit the property and casualty insurance industry hard this year. That will mean increased rates for businesses and a buyer’s market left blowing in the wind. It’s humbug news for 2012. “It won’t go up dramatically… Continue Reading Insurance barometer on the rise for businesses in 2012

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2011’s biggest real estate deals

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The state of the U.S. economy played a definitive role in the Colorado Springs region’s top real estate deals this year. Investors swooped in to buy bank-owned properties at discount prices. Local and out-of-state apartment-management companies bought several complexes to capitalize on apartment demand, which is at a 10-year high. And large nonprofits with deep… Continue Reading 2011’s biggest real estate deals

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The faces that shaped 2011

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From business to politics, the military to athletes, below are some of the Colorado Springs faces who shaped the year… Continue Reading The faces that shaped 2011

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If small business owners take some time this month to review their 2012 business and tax plans, it could mean a little more money in their pockets next year. Local accountants and small business specialists are offering a few end-of-year tax tips. Stockman Kast Ryan accountant Cheryl Solze says keep first things first. “No matter… Continue Reading Accounting, small business experts offer yearend tips

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Predictions about the effects of the Congressional supercommittee’s failure to reduce the federal deficit are dire. The smallest Air Force in history. The smallest Army since 1940. The least number of Navy ships since 1915, and the loss of thousands of civilian jobs — all thanks to the automatic Department of Defense budget cuts of… Continue Reading Defense industry bracing for supercommittee impact

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Every time someone used a credit card to pay for a drink at Westside coffee shop Agia Sophia, credit card companies charged the business up to 50 cents, plus a percentage of the sale, just to make the transaction. “When someone is charging a $3 cup of coffee, that’s a lot,” said owner Kristin Kennedy.… Continue Reading Card-swiping accessory replacing credit card machines

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Renovation business framing a doorway to recovery

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The local commercial construction market is emerging from dark days, thanks in large part to remodeling and renovation projects. While projects are nowhere near the volume they were in 2007 and 2008, commercial contractors are breathing deep sighs of relief because their phones are ringing again. “We’re probably a $400-million-a-year-company,” said G.E. Johnson CEO Jim… Continue Reading Renovation business framing a doorway to recovery

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Colorado Springs plugging in to electric market

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Electric vehicles are slowly rolling onto the streets in Colorado Springs. Daniels Long Chevrolet has sold seven Chevy Volts since they became available Oct. 1, including some it had to find for local buyers at distant out-of-state locations before it had its own inventory. That makes Daniels Long the highest volume Volt dealer in the… Continue Reading Colorado Springs plugging in to electric market

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Colorado Springs might seem a long way away from the auto-manufacturing hub of Michigan, but there is more progress being made here toward engineering the next generation of electric vehicles than many outside the industry might expect. “People in the know, know we exist,” said UCCS professor of control systems engineering Gregory Plett. “That’s nice.”… Continue Reading UCCS using grant money to advance electric auto research

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Families change. Laws change. Be prepared.

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Death is the one certainty. But, planning for it is uncomfortable and can be complicated, especially when blended families, multiple marriages and changing estate and probate laws are a factor. The complications could be the reason behind why so few Americans have wills. Only 35 percent have wills and 29 percent have set up power… Continue Reading Families change. Laws change. Be prepared.

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