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Colorado customers of failed Silicon Valley Bank scrambling to find new lenders

Published Mon, 24 Feb 2025 03:31:37 GMT

Colorado’s technology companies relied heavily on Silicon Valley Bank, and the federal government’s decision over the weekend to guarantee uninsured deposits after a takeover on Friday avoided a wider financial crisis by allowing the bank’s customers to access their money to meet payroll and other expenses.Regulators, however, were unable to find another bank willing and able to take on SVB’s loan portfolio, leaving many borrowers scrambling to line up new creditors, who themselves are struggling with the rapid rise in interest rates that contributed to the failure of three banks this month.“They need their credit facility in place and that is creating problems. The government will not be a lender. The FDIC can’t do that,” said George Singer, a partner in Denver with the law firm Holland & Hart while discussing the non-stop stream of calls he has been receiving from Colorado clients.The most pressing worry initially was about paying bills afte...

Gardening: Nature’s early risers are peeking their heads above ground

Published Mon, 24 Feb 2025 03:31:37 GMT

Signs of spring regrowth and new life are slowly poking through in Colorado. Hold tight; the plant world is just warming up.In the next several weeks, nature begins opening the curtain on early-riser trees, shrubs, perennials and the many varieties of bulbs that were planted last fall.Take photos of plants that catch your eye so they are remembered when buying new plants this year. Notice where they are growing and, if your landscape conditions are similar, they might be a good fit in your garden as well.If you plant them this year, spring will arrive sooner in your garden next year.This is a short list. Ask your knowledgeable garden center professional for help with other plants that match your growing conditions.Cornelian Cherry Dogwood (cornus mas)Plant Cornelian Cherry Dogwood in full sun to afternoon shade locations in average to well-drained soil. (Betty Cahill, Special to The Denver Post)Cornus mas grows as a large shrub or small tree (20-foot), and is very adaptable to Color...

Denver’s top chefs will dish pozole and mezcal at brand new, industry-style fest

Published Mon, 24 Feb 2025 03:31:37 GMT

Bowl of ‘Zole, a mezcal and pozole event, is coming to Denver on March 30, and with it, ticket-holders can try around 20 versions of pozole from chefs all over the city, as well as over 150 unique sips of agave spirits.“I call it industry-style. It’s an insider, guided taste of mezcal and pozole,” said Jimmy Carbone, one of the three organizers of Bowl of ‘Zole. “You are going to get a chance to talk to and taste all these different chefs and (spirit) brands.”Danny Mena, left, and Jimmy Carbone, two of the organizers of Bowl of ‘Zole, at a New York City event. (Provided by Bowl of ‘Zole)Bowl of ‘Zole started in New York City in 2019, brought about by Carbone (a former NYC restaurant owner and now head of the event company Food Karma), chef Danny Mena, and spirits expert Arik Torren, who is now Denver-based. The event was inspired by the pozole pop-up that Mena had been putting on at his restaurant, La Loncheria in Brooklyn,...

Denver’s best spicy chicken sandwich: Vote in the Elite 8 round of our March Madness food bracket

Published Mon, 24 Feb 2025 03:31:37 GMT

We’ve tallied your votes, and the results for the Elite Eight competitors for our 2023 March Madness spicy chicken sandwich battle are in.Related ArticlesRestaurants, Food and Drink | Feast on fowl and fire at Colorado’s original Nashville hot chicken joint Restaurants, Food and Drink | Denver’s best spicy chicken sandwich: Vote in the Sweet 16 round of our March Madness food bracket Restaurants, Food and Drink | Who makes the best hot chicken sandwich in Denver? Vote in our annual food bracket challenge. Moving forward, we’ve got Denver Biscuit Co., which received a whopping 78 percent of vote, eliminating Knockabout Burgers. 300 Suns Brewing, meanwhile, took out Republik of Chicken with 65 percent of the vote. Music City Hot Chicken had a 62 percent turnout in its match-up with Steuben’s, and Briar Common Brewery won with 62 percent over Carm & Gia Metropolitan.The matchup between Kickin’ Chicken vs. Birdcall had the highes...

What drove these Coloradans to clown school? A need for joy in face of layoffs, cancer and anger.

Published Mon, 24 Feb 2025 03:31:37 GMT

In First Presbyterian Church of Englewood’s basement Sunday afternoon, five Coloradans dressed in wacky regalia and big, honkin’ shoes marched before their loved ones — and past a painting of the Last Supper — belting “Pomp and Circumstance” on kazoos.An audience of family, friends and plainclothes clowns squinting to recognize each other without white-painted faces cheered on as the five men, women and teens each leveled up from layperson to professional goofball.It was graduation day for the 2023 cohort of Colorado Clown Alley’s 10-week clown school. The newly-inducted jesters are now not only card-carrying members of a different variety of postsecondary institution, but rising masters of belly laughs, balloon animals and spreading joy in uncertain times.The clown class of 2023 tickled Clown Alley president Isabel Nuanez as there were multiple young members, she said, inspiring hope for a rebound in the clown industry.Whether people were c...

Ex-New Belgium brewer opens Second Dawn near Stanley Marketplace

Published Mon, 24 Feb 2025 03:31:37 GMT

Aurora has a new taproom just a five-minute walk from Stanley Marketplace.Owner and brewmaster Ross Koenigs recently opened his dream brewery, Second Dawn Brewery Co., with his wife Amy at 2302 Dayton St.The name references Aurora, which is Latin for dawn. The Koenigs believe if there were two dawns, the second would be after work enjoying a cold beer.Ross Koenigs previously worked for New Belgium Brewing Co. as a sales associate, brewer and head of new product design and research. The couple decided to open their own brewery during the pandemic.“It has really always been my dream and ambition,” Ross Koenigs said. “Entrepreneurship has always been very important to me.”Koenigs paid $1 million for the property last year. The 5,100-square-foot taproom used to be an auto body repair shop. Koenigs completely gutted the space, although garage-like doors still lead from the taproom to the brewing area behind it. There’s 1,000 square feet of patio space that wraps around the side and rear ...

European Parliament approves EPP-led data law

Published Mon, 24 Feb 2025 03:31:37 GMT

The European Parliament has approved its position on new rules on the access and use of data collected by connected machines, modern household appliances or industrial robots.The so-called "Data Act", fundamentally shaped by EPP Group Member and Parliament's lead negotiator Pilar Del Castillo MEP, will provide much needed legal certainty on who owns data that currently is mostly unused. The new rules concern connected machines and appliances which collect enormous amounts of data, be it mobile phones, industrial robots or even washing machines. Until now, harmonised rules on how this data is accessed and used have been lacking. The EU Data Act aims to close this legal gap."The Data Act is an opportunity to optimise existing business models and processes, boost the development of new ones, create new value, structures and partner networks. In other words, an immense opportunity for competitiveness and innovation. It will change how we interact and use data", Del Castillo said."For th...

The Constitutional Court decides on the referendum

Published Mon, 24 Feb 2025 03:31:37 GMT

At a meeting of the Constitutional Court of the Republic of Uzbekistan, the issue of compliance with the Constitution of the Republic of Uzbekistan was considered by the decision of the Legislative Chamber of the Oliy Majlis of the Republic of Uzbekistan “On holding a referendum of the Republic of Uzbekistan on the draft Constitutional Law of the Republic of Uzbekistan “On the Constitution of the Republic of Uzbekistan” (with annex), writes M. Komilova, correspondent of UZ.The court session was chaired by the Chairman of the Constitutional Court Mirzo Ulugbek Abdusalomov.Deputy Chairman of the Constitutional Court of the Republic of Uzbekistan Askar Gafurov addressed the meeting.As noted, mechanisms have been introduced to summarize and respond to the opinions and proposals of citizens regarding the draft law. So, through the electronic platform meningkonstitutsiyam.uz, the call center, the postal service, mahallas, local councils of people’s deputies and social networks, more than ...

10 Teslas vandalized in Carson

Published Mon, 24 Feb 2025 03:31:37 GMT

The windows of 10 Teslas were smashed in while they were parked in a Carson lot early Tuesday.Los Angeles County Sheriff’s Department deputies responded to the lot at 20151 S. Main St. and found the vandalized vehicles, officials told KTLA.It does not appear that any property was taken from the vehicles at the off-site lot for the car company.No one has been taken into custody in connection with the incident.Video from the scene showed several Sheriff's Department vehicles in the lot. No further details about the incident have been released.

Silicon Valley Bank collapse stirs up fears of 2008 bailouts

Published Mon, 24 Feb 2025 03:31:37 GMT

The collapse of Silicon Valley Bank brings back memories on Capitol Hill of rescuing the financial markets during the 2008 collapse, raising concerns among lawmakers that taxpayers may have to pay to bail out risky financial bets. President Biden assured the nation Monday that no taxpayer money will be used after lawmakers warned over the weekend they will not support bailouts, which are unpopular with voters.  The president said the money to cover depositors would come from the fees banks pay into the Federal Deposit Insurance Corporation (FDIC) and promised that managers at failed banks would be fired and stock-holding investors would not be protected — sidestepping a fight with Congress.  Still, there is already disagreement over what constitutes a “bailout” and the fund being used to pay depositors — including over the $250,000 for standard insurance from the FDIC — is backed by “the full faith and credit of the United States government.”And some conservative...