State regulators close First Community Banks

Freedom New Mexico Regulators with the New Mexico Financial Institutions Division shut down First Community Bank, which has branches in Clovis and Portales. The Federal Deposit Insurance Corporation released a statement Friday that said it was named the receiver. According to the statement: l The bank failure and its sale is expected to cost the […]

Fiscal recovery still plagued by toxic assets

Freedom New Mexico There are signs that the financial system has stabilized somewhat, unemployment is not rising as quickly as it had been for a while, and there are preliminary signs of economic recovery. But the “toxic assets” — bad loans, mortgage-backed securities — that were to a great extent at the heart of the […]

Bingaman cosponsors bill to limit executive bonuses

U.S. Senator Jeff Bingaman today offered his support for legislation that discourages excessive bonus compensation by companies that have received significant taxpayer funds from the Troubled Assets Relief program (TARP).

Cash flow the key for solid business

Sandra Taylor-Sawyer: Everybody’s Business Having a profitable business means success — myth or fact? Before answering the question, it is important to understand the difference between cash flow and profitability. The leading cause of business failure is improper cash flow planning. In order to plan cash flow, a general understanding of accounting principals is needed, […]

Air Force officials to tour Clovis

By Marlena Hartz: CNJ staff writer Fingers that have been crossed tightly for months are slowly loosening, due to this week’s Air Force team visit to eastern New Mexico. As infrastructure assessments of Cannon Air Force Base will bleed into civilian areas today, Plains Regional Medical Center Administrator Brian Bentley said he is feeling relief. […]

Bill would keep base assets in place

By Karl Terry: Freedom Newspapers Language approved Wednesday by the Senate Appropriations Committee would assure that personnel and assets are not lost at Cannon Air Force Base while the Secretary of Defense searches for a new mission for the base. The language, developed by U.S. Sens. Pete Domenici, R-N.M. and Jeff Bingaman, D-N.M., in consultation […]

Cannon perfect for unmanned planes

By R.L. “Rube” Render: Guest columnist The strategy proposed by local supporters to keep Cannon Air Force Base may be defective. Here’s a more logical idea: Encourage Base Realignment and Closure commissioners to make Cannon home to a fleet of Unmanned Aerial Vehicles (UAVs). Cannon supporters have suggested closing the Naval Air Station at Oceana […]

Care should be in hands of retirees

By Walter Williams: Syndicated Columnist How many times have we heard advertisements from law firms that specialize in elder law urging, “If you anticipate that you may have to enter a nursing home down the road, an elder care attorney may be able to help you create a plan that will both protect much of […]