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Unemployment remains stubbornly high at just over 9 percent, but it’s the alarming number of long-term jobless that is causing fresh concern for Democratic lawmakers. About 42 percent of the nation’s 14.1 million unemployed have been out of work for at least six months, and nearly one in three has been jobless more than a… Continue Reading Dems warn long-term jobless could derail recovery

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AFA ranks in top ten for second time

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In its second accolade of the week, the Air Force Academy is ranked as one of the top 10 universities in the nation, according to Forbes. Forbes released its best colleges ranking Wednesday, ranking the academy as the tenth best. The magazine ranked Williams College in Massachusetts at the top, followed by Princeton, the U.S.… Continue Reading AFA ranks in top ten for second time

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The first phase of a deal to raise the government’s borrowing limit would pose little threat to the economy in the short term because almost none of the spending cuts would occur before 2014. Discretionary spending, which excludes Social Security, Medicare and Medicaid, would be cut by only $7 billion in 2012 and $3 billion… Continue Reading Small spending cuts to have little economic impact

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BLM backs Christo’s river proposal

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Artist Christo’s plan to suspend nearly six miles worth of fabric over parts of the Arkansas River in Colorado is largely intact under a version that federal land managers have identified as the preferred alternative for the project. However, it would happen in 2014 instead of 2013. The Bureau of Land Management has been reviewing… Continue Reading BLM backs Christo’s river proposal

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Beware of phony IRS e-mails, it’s a scam

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Some Colorado Springs residents have received an e-mail notice from the IRS in recent days saying they are eligible for a refund. Sounds good, but it’s a scam. The IRS does not initiate communication with tax payers by e-mail, said Cheryl Solze, senior tax manager at Stockman Kast Ryan + Co., certified public accountants in… Continue Reading Beware of phony IRS e-mails, it’s a scam

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Here’s an overview of how various markets are reacting to the impasse in Washington over raising the U.S. borrowing limit. The U.S. government could default on its debt after Aug. 2 if the limit isn’t raised. — Stocks: On Wednesday the Dow lost 198.75 points, or 1.6 percent, to close at 12,302.55, its fourth straight… Continue Reading Market reaction to the debt showdown in Washington

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President Barack Obama urged Americans to call Congress about the lack of progress on raising the nation’s debt ceiling. Apparently, people took him up on it. Congressman Doug Lamborn’s office reports that his website is moving slowly, and that the House of Representatives switchboard is clogged with phone calls. According to an email from Lamborn’s… Continue Reading Slow web, jammed phones lead Lamborn to ask for direct calls

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Babbitt blasts GOP bill on public lands

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Former Interior Secretary Bruce Babbitt is blasting as “radical” a Republican proposal to open up more than 50 million acres of public lands to logging and other development. Babbitt, who was Interior secretary for eight years under President Bill Clinton, says the GOP bill would virtually repeal the 1964 Wilderness Act and open an area… Continue Reading Babbitt blasts GOP bill on public lands

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Ozone alert issued for Front Range

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The Regional Air Quality Council and the Colorado Department of Public Health and Environment have issued an ozone alert for the Front Range. Officials say hot temperatures, clear skies and light winds may lead to increased ozone throughout the region. The alert is in effect until 4 p.m. Monday. Ozone can trigger attacks for people… Continue Reading Ozone alert issued for Front Range

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Obama makes debt case at town hall Friday

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Less than two weeks away from the deadline for an unprecedented government default, President Barack Obama sought Friday to pressure House Republicans to come around to a deal that he insisted must include new taxes as well as unpalatable spending cuts. At the same time, even with no clear end in sight to negotiations that… Continue Reading Obama makes debt case at town hall Friday

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