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US gov’t ends Chrysler investment

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The Treasury Department said Thursday it has exited its investment in Chrysler LLC after Italian automaker Fiat SpA purchased the U.S. government’s remaining holdings in the auto company. Fiat paid $560 million to the Treasury Department for the government’s 98,000 shares. Fiat has run the company since it emerged from bankruptcy protection in June 2009.… Continue Reading US gov’t ends Chrysler investment

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As the new Consumer Financial Protection Bureau officially opened its doors Thursday, the House was considering legislation that could restrict its authority to act against abuses of the financial system. Republican sponsors of the bill say they are simply trying to promote transparency and accountability in the agency that was created a year ago as… Continue Reading House tries to shackle sway of new consumer agency

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The dollar is falling against the euro and most other major currencies ahead of a meeting of European Union leaders. Investors expect that the summit, taking place Thursday, will produce some sort of agreement to help stem the region’s debt crisis. Talks will focus on a new aid package for Greece and ways to stop… Continue Reading Dollar falls against euro ahead of EU meeting

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China, the biggest buyer of U.S. Treasury debt, increased its holdings in May for the second straight month, after five months of declines. Total foreign holdings of Treasury securities also rose, as Japan and the United Kingdom, the second and third-largest overseas owners of Treasurys, boosted their stockpiles. China’s U.S. debt holdings increased $7.3 billion… Continue Reading China boosts holdings of US Treasury securities

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The Bureau of Land Management is holding a hearing next month on allowing the Army to continue using the Pinon Canyon training site. The Aug. 2 hearing is part of periodic review. The hearing does not include any consideration of whether Pinon Canyon will be increased at some future time. The Army’s efforts to expand… Continue Reading BLM schedules hearing next month on Pinon Canyon

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Area prices were down for the month, but up nearly 3.1 percent over a year ago, according to the Bureau of Labor Statistics. The June decrease was influenced by lower gas prices, but the consumer price index for the Western region advanced over the same time last year, said regional commission Stanley W. Suchman. Energy… Continue Reading Consumer index shows year-over-year increase

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With immigration slowing, babies born in the U.S. rather than newly arrived Mexican immigrants are now driving most of the fast growth in the Latino population. A new analysis of census data highlights a turning point in Hispanics’ rapid U.S. growth. Demographers point to the potential for broader political impact as U.S.-born Mexican-Americans widen their… Continue Reading Births, not new immigrants, push US Latino growth

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Kehler nominated to head U.S. Strategic Command

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President Obama today nominated Gen. C. Robert Kehler, commander of Air Force Space Command at Peterson Air Force Base, to head U.S. Strategic Command. Strategic Command, based at the Offutt Air Force Base near Omaha, Neb., oversees the nation’s nuclear weapons, missile defenses and space warfare mission.   The four-star general has commanded the Air Force Space Command since 2007,… Continue Reading Kehler nominated to head U.S. Strategic Command

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You’ve got a dozen or more old computers, keyboards and monitors in the storage room, and you can’t just toss them in the dumpster because it’s against the law – they’re full of dangerous chemicals and metals. So who are you going to call? Try Better Environment Through Technology Recycling. BETTR, as it calls itself,… Continue Reading Two-day recycling fair for old electronic equipment planned

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The Small Business Administration says its new SBAExpress loan program will make loan applications easier to complete and faster to implement. The pilot loan program will also significantly expand the number of lenders participating in the program and increase access to capital for small businesses. In particular, the SBA has implemented program modifications to allow… Continue Reading SBA loan program puts loan apps on fast track

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