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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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A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation’s payrolls by a net total of 95,000 jobs. The unemployment rate held at 9.6 percent last month, the Labor Department said Friday. The jobless rate has now topped 9.5 percent for 14 straight months, the longest stretch… Continue Reading Economy loses 95K jobs due to government layoffs

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Tax day draws protesters

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It’s Tax Day – and that means lots of protests against the size of federal government.

More than a dozen protests are planned across Colorado today to mark April 15, the day most federal income taxes are due. Continue Reading Tax day draws protesters

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Government and industry are going to have to work together to combat the cyber threat – and there’s no time to waste since the threat is growing daily. Military leaders and industry representatives all said the same thing: the United States is late to cyber war, and has significant enemies willing to exploit that. Michael… Continue Reading Fighting cyber war will take collaboration from government, industry

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Government contract workshop set

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Southern Colorado business owners and managers are invited to an April 6 government contract procurement workshop at the Denver Federal Center on April 6. The workshop will update and assist those interested in learning how to compete for, and win, government contracts, and is being hosted by Sens. Mark Udall and Michael Bennet. Work sessions… Continue Reading Government contract workshop set

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More contracts allocated to local firms

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During the past three weeks five local companies were notified they’d been awarded contracts for military and government work. The big winner was Sanborn Map Co. which won a $12.5 million contract award from the Government Services Administration’s Federal Acquisition Service to provide “environmental services.” A $9.57 million federal contract modification was also awarded to… Continue Reading More contracts allocated to local firms

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In a parliamentary system of government, a vote of no confidence has a simple outcome. The government falls, elections are held and a new government takes office. The voters spoke on Tuesday, and they gave the mayor, the City Council and the city administration a resounding vote of no confidence. We don’t share the belief… Continue Reading After vote of no confidence, city leaders face daunting task

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As we’ve frequently noted in these pages, it’s difficult for local governments to cut expenses. A school district must educate its pupils, a municipality must provide for public safety and transportation networks, and Colorado counties must pay for courts, jails, and countywide public safety programs. Businesses and individuals might, when revenue shrinks, simply reduce expenditures.… Continue Reading City could learn a thing or two about money management from county

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