CSBJ Daily

The S&P/Case-Shiller home price index for May declined 15.8 percent from the year earlier. The index surveys home prices in 20 major metropolitan areas, including Denver.
Every city on the index showed year-to-year declines, led by Miami and Las Vegas, which each experienced price drops of 28 percent from May of 2007. […]

Technology company SI International has been awarded an $11-million Air Force Space Command contract for work at Peterson Air Force Base.
SI will provide engineering, management and technical assistance for developing, testing and sustaining next-generation space situational awareness and command and control capabilities – including air, space and missile elements.
SI has 4,500 […]

A week of sunny skies, an organized event team and a red-carpet welcome from the five-star Broadmoor hotel are all contributing to what organizers believe will be a historic U.S. Senior Open golf tournament.
An estimated 150,000 people were anticipated to be on hand for the five-day event, but now Broadmoor President Steve […]

Wells Fargo, with $63 billion in second quarter mortgage originations, was the top residential lender in the country during second quarter 2008.
Troubled Countrywide Financial Corp., which has typically ranked No. 1, was vulnerable as it scaled back operations as an independent company. Its second-quarter loan production fell to less than $60 […]

A year after the subprime market crisis erupted in the United States, triggering financial market turmoil around the world, global financial markets continue to be fragile, say International Monetary Fund officials.
In a statement released today they said that “systemic risks” to the financial system “remain elevated.”
“Credit quality across many loan classes […]

Health care is only going to get more expensive.
That’s the news from a PricewaterhouseCoopers report that predicts a 9.9 percent increase in costs this year and a 9.6 percent increase during 2009.
Cost-shifting for uncompensated care and a boom in hospital construction are two reasons given for the increase.
Cost-shifting is predicted to account […]

The El Paso County Board of Commissioners has approved a plan to consolidate 13 departments into four in order to deal with a shrinking 2008/09 budget.
The consolidation also means that seven executive positions will be eliminated, 24 employees will be laid off and 41 vacant positions will be frozen indefinitely.
The consolidation […]

El Paso Western Pipelines officials want to move the company’s offices out of downtown.
Spokesman Richard Wheatley said the company hopes to move from its 2 N. Nevada Ave., location by third quarter 2010 and that officials are looking for a new building in the Briargate area.
The decision is based partly on a […]

Local residents and visitors to the U.S. Senior Open will find access to The Broadmoor hotel and golf courses a real challenge for the next two weeks.
Here’s an update of tournament-related road closures.
El Pomar Road will be closed from Mesa Road to Penrose Boulevard from 4 to 9 p.m. Saturday, July 26 […]

Mortenson Construction will begin work on a $20 million tactical equipment maintenance facility and an Engineering Squadron building at Fort Carson this fall.
The company was awarded this most recent contract by the Army Corps of Engineers.
Work on the 70,000-square-foot tank maintenance building will begin in October, with completion scheduled for August 2009. It will be […]