Petraeus: Loans force families apart

Many military homeowners who saw their homes plummet in value in the financial crisis still can’t get relief from “under water” mortgages that leave families owing more to loan servicers than their homes are worth. The situation is especially difficult for the military where families must move every two to four years. Some affected members, […]

Government creating another energy crisis

Government’s death grip on energy production prevents use of plentiful, affordable resources. Instead, Washington dictates use of hard-to-harness, expensive “alternative” fuels, inadequate to meet ever-growing demand. Alternative energy sources require big taxpayer subsidies and drain money from the economy, where it could be creating jobs and meeting needs without a dime of taxpayer underwriting. Washington’s […]

Obama forgets lessons from housing crisis

Nearly everyone recognized the obvious steps that had to be taken after 2008’s housing disaster — no more loans to unqualified buyers, no more creative financing, no more packaging for resale of securitized mortgages not worth their face value. Apparently, President Barack Obama already has forgotten. He proposes a housing fix with more problematic government […]

No easy escape from financial crisis

Tea party conservatives have been told to accept their victory and go home. They really took it to President Barack Obama and all the old liberals in Congress, some contend. “The winner is the tea party,” said conservative commentator Charles Krauthammer on Fox News. “They have changed the debate in the country. I think they […]

Military digest: Board: Military retirement overly generous

By Tom Philpott Gen. Martin Dempsey, Army chief of staff, seemed to splash figurative cold water on ideas surfacing at the Pentagon and elsewhere to cut future retirement obligations and other personnel costs, deeply and soon. Testifying at his confirmation hearing before the Senate Armed Services Committee to become the next chairman of the Joint […]

Social Security won’t be funded by today’s youth

Freedom New Mexico While suffering through this federal debt-limit battle, think about something much more scary. Consider another story this week that relates to the financial crisis. Any tie-in may seem ludicrous, but bear with us. The owner of McDain’s Restaurant in Monroeville, Penn., has banned children under age 6 to protect grumpy adults from […]

Federal debt must be cut smart way

Freedom New Mexico President Obama said Monday during a White House press conference that he would not consider stopgap measures to temporarily avert the debt-ceiling crisis, saying “that is just not an acceptable approach.” Speaker John Boehner says he agrees with President Obama that the nation’s borrowing limit must be raised, to avoid a government […]

My turn: Men face identity crisis

Sometimes it’s the stupidest things that make me think about the serious things in life. I recently watched “Tyler Perry’s Madea’s Big Happy Family,” a silly comedy with unexpected messages: Faith without works isn’t faith, men need to be men, and parents need to parent. It made me think, “Why are many women overly headstrong […]

Thursday morning briefing: Iran Hostage Crisis, off-road vehicles and a schedule

Good morning and welcome to the Freedom New Mexico Thursday morning briefing.

Portales past: Jan. 8, 1951

Jan. 8, 1951: The Portales Daily News: Portales would be on a likely route for an enemy invasion, which to Mayor Floyd Kennedy was not only possible, but probable. The mayor painted an alarming picture of the international crisis and declared Portales should get a civil defense program.

Friday morning briefing: Trick-or-Treat news, a few good men and a crisis

Good morning and welcome to the Freedom New Mexico Friday briefing. Trick-or-Treat Yes, it’s true. City officials in Clovis and Portales confirm that Trick-or-Treating will take place Oct. 31 this year even though it is a Sunday. Have fun, kids. A few good men Eastern New Mexico University’s theater department will perform “You’re a Good […]

Department of Justice awards regional agency $488,000 grant

Freedom New Mexico Sexual Assault Services of Eastern New Mexico is one of nine entities to share $488,000 from the Department of Justice, according to a release from U.S. Sen. Jeff Bingaman, D-N.M. The money comes from a $1.19 million portion of a grant to strengthen local justice system responses to violent crimes against women. […]

HAP aids military homeowners

By Tom Philpott: Military Update Like thousands of American homeowners, John and Susan, a Coast Guard couple, were slammed financially by the real estate crisis. They saw the value of the $150,000 house they bought in Texas in March 2006 plummet, starting in 2007. This month they will sell it for $125,000, well below the […]

Appreciation for preachers should be shown

By Joan Clayton: Religion Columnist October has been designated to honor our ministers. Of course, we honor our preachers every day, but we are asked to specifically honor them during the month of October. Have you ever thought how sad it would be without these wonderful people who help us through trials and problems? Ministers […]

Energy answers lie in shale beds

By Jim Constantopolous: Guest columnist As the United States begins to pull out of the worst economic crisis since the end of World War II, energy policy has taken on increasing importance. President Obama has called on Congress to pass legislation that would reduce America’s dependence on foreign oil. The administration is correct in doing […]

Fiscal crisis Mullen’s top concern

By Tom Philpott: PNT columnist Though he’s a warrior, not an economist, Adm. Michael Mullen, chairman of the Joint Chiefs, ranks the financial crisis as a higher priority and greater risk to security than current wars in Iraq and Afghanistan. “The scope of it is, to me, mind-boggling,” said Mullen in an interview with Military […]

GI Bill affected by financial crisis

By Tom Philpott: PNT columnist The worldwide financial crisis has hit private colleges hard enough that relatively few are likely to participate in the Post-9/11 GI Bill’s “Yellow Ribbon” initiative when it begins this fall, says Keith M. Wilson, director of education service for the Veterans Benefits Administration. Under the Yellow Ribbon program, private colleges […]

Mid-life crisis gift proves tedious

By Karl Terry: Freedom New Mexico columnist I experienced a brief moment of regret wishing I had switched to another record. But as I cued up the record and the sounds of The Guess Who’s “Clap for the Wolfman” came out of my computer speakers and Wolfman Jack howled “You thought she was diggin’ you […]

Retail stores see mixed effects from financial crisis

By Gabriel Monte: Freedom New Mexico Randy Dayhoff, who owns Randy’s Shoes on Main Street, said the community’s diverse economic base and population growth from the Cannon Air Force Base expansion is shielding the local economy from a national slump in retail sale. Dayhoff attributes an increase in work boot sales to contractors working at […]

Editorial: Drastic reform could help avert Japanese crisis

Last month, Japanese Prime Minister Yasuo Fukuda resigned suddenly, leaving the ruling Liberal Democratic Party somewhat adrift and the government tied in knots as the economy drifts toward recession. This makes him the second Japanese prime minister to stay in office for less than a year. A country that has been viewed as a model […]