Perspective needed on economy

By Tibor Machan: FNM columnist As one who tasted a bit of Nazism and communism, today’s economic fiasco strikes me as relatively mild as human disasters go. For starters, many in America remember the Great Depression and World War II, both of which devastated millions of lives, destroying the bulk and arresting even more. The […]

Officials: Stimulus package should help homeowners and schools

By Garbiel Monte and Argen Duncan As a stimulus package aimed at infusing almost $800 billion into the economy hurtles through Congress on its way to the president’s desk, eastern New Mexico residents are hopeful it boosts the economy. Eastern New Mexico officials said the package should include money to help homeowners fight foreclosure and […]

Small businesses finding ways to survive

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By Gabriel Monte and Liliana Castillo: Freedom New Mexico Despite having to increase his prices, cut staff and shorten operating hours, Twin Cronnie Drive-In Owner Clint Harden is optimistic about the local economy because of the new mission at Cannon Air Force Base. While the recession has hit small businesses hard nationally, some Clovis and […]

Enacting global mandates hurts U.S. economy

Freedom New Mexico A new poll found that people rank global warming dead last, 20th out of 20, among their top concerns. The economy was No. 1, while other economic-related issues unsurprisingly gravitated to the top. The survey conducted Jan. 7-11 asked 1,503 adults on cell phones and landlines to rank 20 issues by importance, […]

County official: Local economy going strong

By Argen Duncan: PNT Senior Writer Roosevelt County is in good economic standing in the midst of the country’s economic difficulties, according to the director of the county’s community development corporation. Greg Fisher told the Roosevelt County Commission the county’s strong milk and peanut production are pluses because in hard economic times, people are consuming […]

Local banks, economy stable

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By Sharna Johnson: Freedom New Mexico Local bankers and economic experts say the Clovis and Portales area is insulated in some ways from the instability gripping the nation’s financial markets and filling citizens with trepidation about the future. Smaller towns such Clovis and Portales, for the most part, depend on small, local banks and the […]

Economy top issue in local discussion with U.S. Rep. Wilson

By Sharna Johnson: Freedom New Mexico The shaky U.S. economy dominated the discussion at the Elks Lodge Tuesday morning, where U.S. Rep. Heather Wilson spoke as a representative for Sen. John McCain’s presidential campaign. Audience members expressed frustration about the $700 billion federal bailout plan, citing the recent case of AIG executives who spent $400,000 […]

Fair revenues slightly up for 2008

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By Thomas Garcia, PNT Staff Writer Early fears of a poor economy affecting Roosevelt County Fair revenues and attendance were silenced with an increase in earnings. “I was a little worried that our attendance and earning would suffer like other county fairs,” board president Tim Alison said. This year’s gate totals was $54,500 an increase […]

Residents set to stimulate local economy

Mickey Winfield This summer, taxpayers across the country will be receiving some extra cash courtesy of the United States government in the form of economic stimulus checks, and Roosevelt County businesses may soon begin to reap the benefits. Congress and the Bush administration hope the extra money, an amount between $300 for singles and up […]

Country could use stimulation — or new TV

By Karl Terry: PNT Managing Editor I don’t know about you, but I’m ready to be stimulated. Back in December the living room television began experiencing problems — a little wavy band at the top of the screen. Soon it got worse and eventually the band thickened to take up nearly the top fourth of […]

1-20-08 Letter to the Editor

Attitude disturbingly ethnocentric Last Sunday’s letter from Richard Foster (“Making sanctuary ultimately illegal”) is disturbing, getting uncomfortably close to pure BS with his statement that “… poorly educated illegals are a net loss to our economy.” Whose economy, sir? Further, as to “Why should the rest of the population support people who aren’t legally in […]

Country needs dialogue on pros, cons of immigration

Anti-immigrant tough talk has failed, once again, as it did in the 2006 election. The toughest of the tough-on-immigration candidates — Colorado’s Tom Tancredo — didn’t get to New Hampshire before his campaign fizzled. John McCain and Hillary Clinton, two of the weakest tough-on-immigration candidates, stole the show in New Hampshire, where immigration never became […]

Gross receipts still solid

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By Karl Terry, PNT managing editor Portales’ economy seems to be defying national trends along with localized concerns of a slow-down as gross receipts tax collection grew in 2007. With better than 73 percent of the city of Portales’ budget tied to GRT, the monthly collection reports are of special interest to city officials looking […]

Fuel sources should be determined by markets, not mandates

It is difficult to overestimate the sheer wrongheadedness of the energy bill Congress passed and the president signed Wednesday. Even if it were a good idea for government to mandate what kind of energy should be used and how, this bill includes obvious missteps and mistakes that will cost taxpayers and consumers for decades to […]

Fed drops key rate for third time this year

Staff and Wire Reports WASHINGTON — The Federal Reserve dropped its most important interest rate to a nearly two-year low on Tuesday and left the door open to additional cuts to prevent a housing and credit meltdown from pushing the economy into a recession. A disappointed Wall Street took a nosedive. Fed Chairman Ben Bernanke […]

Any immigration reform better than none at all

Editorial So the grand-bargain “comprehensive” immigration reform bill introduced a few weeks ago in the Senate is dead, having fallen 15 votes short of the 60 needed to close debate and move to a final vote. Senate Majority Leader Harry Reid says that after some tinkering it could be brought up again, perhaps in just […]

Government need not intervene after Dow crash

Freedom Newspapers Well, Tuesday was certainly a dramatic day on the stock market, wasn’t it? When the Dow industrials fall 416 points in a single day — even though 3.3 percent is not all that precipitous a decline — people tend to notice and ask questions. Does it signal the end of the Bush tax-cut […]

Senator praises local economy

By Karl Terry: PNT Managing Editor Sen. Jeff Bingaman told members of the Roosevelt County Chamber of Commerce on Friday that eastern New Mexico has a lot going for it economically these days, but the lawmaker didn’t paint as rosy a picture for the economy nationally. “I think everyone is aware that the economy is […]

Governor celebrates economy

By Marlena Hartz: Freedom Newspapers The economy of eastern New Mexico is on the mend was the message of Gov. Bill Richardson, who visited Clovis on Saturday to announce the arrival of a major ethanol plant and celebrate the landing of a new mission for Cannon Air Force Base. Both developments will strengthen the region’s […]

Fall enrollment down at Clovis Community College

By Marlena Hartz Enrollment at the Clovis Community College dwindled slightly in the fall, but college officials anticipated the decline and are campaigning to patch the gap. The number of credit hours logged at the college last semester was 6.6 percent lower than the 2004 fall figures, according to Vice President of Institutional Effectiveness David […]