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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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Despite challenges from critics, Colorado’s Health Benefits Exchange is on track to start offering insurance plans in October 2013, as scheduled. Continue Reading State examining ways to keep feds away from insurance plans

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As the Colorado Springs City Council-led task force ends one phase of the process to determine Memorial Health System’s future, controversy is still plaguing the process. Continue Reading Martin offers insight into task force’s work

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New FHA policy hampering condominium market

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Recent policy changes for the Federal Housing Authority’s condominium certification is causing problems for buyers, sellers and homeowners’ associations. And many don’t even know they’re in trouble yet. The Federal Housing Authority established a new policy in June that requires all condominium projects to reapply for FHA certification every two years. Since then, FHA certification… Continue Reading New FHA policy hampering condominium market

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UCCS’ Larson battling to defend game patent

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For three long years, a small toy company headed by a UCCS professor has been at war with one of the country’s toy giants. Innovention Toys, LLC, founded by Michael Larson, director of the Mind Studios at the University of Colorado at Colorado Springs, has sued MGA Entertainment, Inc., the mega toy-maker known for its… Continue Reading UCCS’ Larson battling to defend game patent

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