Effects of U.S. credit downgrade will be felt over next few years

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Kevin Wilson The recent credit downgrade by Standard and Poor’s won’t have an immediate resonation to Americans beyond rhetoric, but the effects will be felt over the next few years, local bankers and economists said. For the first time in the country’s history, the country’s credit rating was downgraded by a credit agency from “AAA+” [...]

Drought, fires could have far-reaching effects

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Sharna Johnson In the midst of drought and wildfires, eastern New Mexico looks more like a dust bowl everyday. But when the landscape dries up, so does the money, and experts say it’s just the beginning. Self-described as a normally optimistic guy, Curry County Extension Agent Stan Jones said the ecological and economic impact of [...]

Recession may be over, but effects still linger

Freedom New Mexico Technically, the recession ended last year. So say experts who calculate such things. Most people probably didn’t notice. The national unemployment rate hovers at 9.6 percent. We imagine out-of-work Americans don’t feel a year removed from recession. Sales in many industries continue sluggish. In some industries, worse than sluggish. Those folks probably [...]

Oil spill effects cast wide ripple

Clyde Davis “JB & Friends: Live from the Gulf Coast!” You can watch the show LIVE on CMT, or listen on Radio Margaritaville. To demonstrate support for the people, businesses and culture of the Gulf Coast, CMT will telecast a free musical celebration live from the beach at Gulf Shores, Ala. CMT Presents Jimmy Buffett [...]

Area schools participate in regional science fair

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By Clarence Plank: PNT staff writer Students from Clovis and Portales municipal schools competed in the Regional Science and Engineering Fair at Eastern New Mexico University on Saturday.. Arts Academy at Bella Vista student Emma Beaty, 11, of Portales took an award for her science project studying music effects on children. “I started thinking one [...]

H1N1 side effects still unknown

Freedom New Mexico The nation’s health czar has spoken: All Americans should take the swine flu vaccine. We do have a right, however, to say that we’ll be the judge of that. What’s most important is that whatever decision people make, it should be made with as much knowledge as possible. Health and Human Services [...]

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 [...]

SUV, pickup sales feel affects of gas crunch

By Thomas Garcia, PNT Staff Reporter The rise in the price of oil and gas has had mixed effects on the sales of full-size pickups and sport utility vehicles, according to Clovis and Portales dealerships. “With the rise in gas prices we’ve seen an increased interest in fuel efficient cars and pickups with smaller engines,” [...]

Side effects might not be worth the cure

By Bob Huber I’ve been out of focus the last few days — a flu bug bit me — but I’ve kept busy wallowing in self pity and researching the bad side effects of medicines I saw advertised on television. When you have the flu, you do silly stuff like that. What I really wanted [...]