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Economy Tumbled Even Worse Than Expected This Summer

Updated: 11/25/2008 - The government says the economy took a tumble in the summer that was worse than first thought as American consumers throttled back their spending by the most in 28 years.

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Millionaires Get Farm Payments; Nobody Checking

Posted: 11/24/2008 - Congressional investigators say a sports team owner, a financial executive and residents of Hong Kong and Saudi Arabia are among the more than 2,700 millionaire recipients of farm payments from 2003 to 2006. And it's not even clear they were farmers.

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Aspen Expects Business To Drop By Up To 15%

Posted: 11/24/2008 - The Aspen Skiing Co. expects business to be down by 5 to 15 percent this season, but it doesn't plan to reduce staff or close any ski runs as a result.

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National Gas Prices Break $2 Mark

Posted: 11/24/2008 - A national survey shows average gas prices across the country have dropped to less than $2 a gallon for the first time since March 2005.

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Stocks Soar After Government Bailout Of Citigroup

Updated: 11/24/2008 - Wall Street has barreled higher for the second straight session, this time in a relief rally over the government's plan to bail out Citigroup Inc. The Dow Jones industrials soared nearly 390 points, bringing their two-day advance to more than 880, or 11 percent.

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Street Looks Past Weak Home Sales Report

Posted: 11/24/2008 - Wall Street is shrugging off a larger-than-expected drop in sales of existing homes last month as investors instead focus on the government's plan to bail out Citigroup Inc.

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Auto Industry Planning Carpool To Washington

Posted: 11/24/2008 - The head of an auto parts company says there is talk about forming a car caravan to take the CEOs of Detroit's three automakers on their return trip to Washington to seek federal loans.

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Take A Turkey To Work Day

Posted: 11/21/2008 - More than 6,000 people will not have a Thanksgiving dinner if not for the giving nature of the Colorado Springs area.

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EU Wants Early Foreign Policy Focus From Obama

Updated: 11/02/2009 - The European Union's foreign policy chief says he expects U.S. President-elect Barack Obama to move quickly to address top trans-Atlantic goals, including Middle East peace, negotiations with Iran and slowing global warming.

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AP Sources: GM To Announce More Production Cuts

Posted: 11/21/2008 - General Motors Corp. is telling workers that it will make further production cuts at several factories, according to people briefed on the discussions.

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Stocks Open Higher After Steep Sell-Off

Posted: 11/21/2008 - Wall Street is experiencing some relief, with stocks opening sharply higher, following a report that a pounded-down Citigroup Inc. might put itself up for sale.

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International Market Rebound

Posted: 11/21/2008 - International stock markets are headed back up today after recent sharp declines.

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Bush Signs Bill Providing Extra Jobless Benefits

Posted: 11/21/2008 - The White House says President Bush signed into law a bill that Congress approved to keep unemployment checks flowing to jobless Americans through the holiday season.

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Wall Street Hits Lows Not Seen In Years

Posted: 11/19/2008 - Wall Street hit levels not seen since 2003, with the Dow Jones industrial average falling below the 8,000 mark, as the fate of Detroit's Big Three automakers and the economy disheartened investors.

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Stocks Dip After Report On Consumer Prices

Posted: 11/19/2008 - Stocks are moderately lower in early trading as investors, nervous about the fate of the nation's top automakers, scour more economic data.

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U.S. Home Construction Sinks To New Record Low

Posted: 11/19/2008 - A government report says construction of new homes plunged 4.5 percent last month to the lowest level on government records, as U.S. builders slashed production while Wall Street nosedived.

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Bad Economy Snuffing Out Businesses

Updated: 11/17/2008 - Businesses small and big right here in Colorado Springs are feeling the rippling affects of a souring economy. The Mission Inn Restaurant which was open for more than three decades has even closed.

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