Google may feel business end of government

Corporate America’s hubris is that it can have government do its bidding today without the risk that it will have to do government’s bidding tomorrow. Internet giant Google, the ubiquitous search engine company, may soon learn the downside of urging government intervention in its industry. Google has been among the main advocates for new federal […]

North Plains Mall corporate owner reaches bankruptcy deal

The Associated Press LOS ANGELES — The nation’s second-largest shopping mall operator General Growth Properties Inc. said Wednesday it reached a deal with Canada’s Brookfield Asset Management Inc. that will speed its exit from Chapter 11 bankruptcy protection. General Growth is the corporate owner of North Plains Mall in Clovis. Speculation raged for weeks that […]

Accounting rules lower businesses’ competitiveness

By Freedom Newspapers The Securities and Exchange Commission last week finally eased Sarbanes-Oxley auditing rules to make them less oppressive for smaller public companies, which had called for relief after spending millions of dollars to comply with the 2002 “Enron law.” But such baby steps fall far short. This duplicative, expensive and anti-competitive act, which […]

Accountability good, but Enron trial raises concerns

Freedom Newspapers It’s not particularly surprising that Enron Corp.’s former top two executives, Kenneth Lay and Jeffrey Stilling, were found guilty Thursday on most criminal counts that prosecutors brought against them relating to the demise of what was once the nation’s seventh-largest company. Both men face the prospect of spending the rest of their lives […]

4/23 Letters to the editor

Checkpoints not only solution for DWI Glenda Bly’s outrage (DWI checkpoints waste of time, money in the April 12 CNJ) over being stopped and checked for drunken driving can easily be pacified. If someone wants to drink, let them. If someone wants to sell alcohol to the drinker, let them. But … the seller should […]

Misdeeds of few shouldn’t tarnish all

By Walter Williams In the wake of the Enron and WorldCom corporate scandals, the purveyors of envy have found another opportunity to preach about what they consider the evils of high CEO salaries, retirements and bonuses. After all, according to them, evil must be afoot when a corporate executive earns more in a week than […]

Social responsibility only good as CEO

By Walter Williams On Jan. 20, J.P. Morgan Chase announced it had completed research to determine whether it had any links to slavery. Its Web site announced: “Today, we are reporting that this research found that between 1831 and 1865 two of our predecessor banks — Citizens Bank and Canal Bank in Louisiana — accepted […]

Corporate tax bill will be good for businesses, jobs

Freedom Newspapers Although it isn’t perfect, the corporate tax bill Congress passed earlier this month is a winner. It will aid business expansion and job creation. This is the best way to help companies — much preferred in our view to government subsidies and other pork-barrel spending on companies. (We say that with the caveat […]

Enron court case will not prevent further problems

Freedom Editorial It is easy to view the recent indictment and arrest of former Enron Chairman and CEO Kenneth Lay with a degree of satisfaction. Executives of the now-bankrupt Enron have been accused of hiding billions of dollars in debt and embellishing company financial statements with complicated off-the-books transactions. Its collapse hurt thousands of employees […]

Toy store winds down

By Darrell Todd Maurina The Clovis location of KB Toys is among 375 stores determined to be “underperforming” or that do not fit strategic plans and are slated for closure, according to a Wednesday press release from the company. A woman who identified herself as a manager said Wednesday evening that local employees were aware […]

Local businesses cited in tobacco sting

By Darrell Todd Maurina Salespeople in eight local businesses — four in Clovis, three in Portales, and one in Elida — face misdemeanor charges and up to a $1,000 fine for selling tobacco last week to a 17-year-old minor working as part of a tobacco sting operation. The businesses face additional administrative penalties from the […]