Insurance claims stemming from the earthquake, and its aftermath will likely total tens of billions of dollars — making this one of the worst natural disasters from a claims perspective. Much of the money will be paid by domestic Japanese companies — though global re-insurance firms are facing big payouts too.
Democratic Senator Mark Udall introduced an amendment today that he says could create as many as 100,000 jobs. The goal is to increase how much credit unions can lend in Colorado—and nationwide.
Right now credit unions can only lend about 12 percent of their total assets. But Senator Udall thinks that number should be just above 27 percent. That’s because small businesses have struggled in recent years to gain access to capital despite a $30 billion dollar infusion of cash from the federal government to banks to help increase loans.
Backers of a fundraising effort to renovate the state capitol dome hope promotion from a Denver TV station will give the sluggish campaign a much need boost.
The “Share in the Care” campaign will benefit from $500 thousand worth of advertising from KUSA-TV over the next two years. Colorado Preservation Inc. Executive Director James Hare says that’s vital to the financial success of the $12-million dollar project and his agency’s goal of raising $4-million dollars by June.