The Dow Jones industrial average closed at its lowest level in more than six years yesterday, finishing at 7466--even worse than when it tanked in the midst of last November's financial meltdown, according to The Washington Post . Several banks are struggling, and analysts fear that credit card defaults may grow to historic levels this year. Greenwood Village-based Red Robin Gourmet Burgers Inc., which is traded on Nasdaq, is among the losers, seeing its earnings decline by nearly half in the fourth quarter of 2008, according to the Denver Business Journal . In Colorado Springs, residents are making do with less transit and perhaps police, as the city grapples with millions of dollars in budget cuts, a result of declining sales tax collections, according to the Gazette . Meanwhile, here's one bit of potential good news for more than 34 percent of people with mortgages in the Denver-Aurora area: You could benefit from new refinancing rules in Obama's stimulus, writes the Rocky Mountain News .