Business digest — March 20

Farm Credit to distribute cash Farm Credit of New Mexico will distribute $9.5 million in cash to stockholders by the end of March as part of its patronage distribution program. The payment is based on each stockholder’s average loan balance during 2011, and reduces member interest rates by about .75 percent. The association recorded net […]

No write-ins for municipal elections

CNJ staff There will be no write-in candidates for the March 6 municipal elections, according to Clovis City Clerk LeighAnn Melancon. Tuesday was the only day to sign up to be a write-in candidate. Write-ins would not have appeared on the ballot, but would have received credit for any votes cast in their favor. The […]

Monday morning briefing: They want your blood, a movie break and Christmas credit

Good morning and welcome to the Freedom New Mexico Monday briefing. Blood needed There’s a Blood Drive starting at 10:30 a.m. Wednesday at Curves, 2909 Prince St. Information or to make an appointment: 762-2574. Free movie If you’re looking for something to keep the kids occupied, “Kung Fu Panda 2” is the winter break movie […]

U.S. credit downgrade long overdue

I heard it reported that Timothy Geithner, the treasury secretary of the U.S., said that Standard & Poor’s made a terrible decision when it downgraded the U.S. government’s credit rating. He claimed this showed that S&P didn’t understand the math that is used to figure the U.S. government’s budget. Yeah, I don’t understand the fantasy […]

Credit downgrade will mean higher expenses

lpqnb3-lpqn1t811creditweb.jpg

Freedom New Mexico: Argen Duncan Eastern New Mexico University Dean of Business Chris Taylor said a downgrade of the United States’ credit rating would result in credit being harder to get, causing a drop in the stock market, which would lead to inflation and hurt retirement savings. Taylor believes spending would alleviate the current recession. […]

Obama lacks experience to be president

Freedom New Mexico Maybe we are mired in debt, hobbled with less-than-excellent credit, because our chief executive has no experience beyond that which he has gained on the job. He spoke Monday and used the credit downgrade to promote tax reform “that will ask those who can afford it to pay their own share.” How […]

Business digest — July 26

Clovis couple wins $10,000 Shawn and Tina-Marie Schiller, members of High Plains Federal Credit Union in Clovis, were top winners in an 11-month Savings Challenge New Mexico contest, walking away with $10,000 after meeting three goals, according to a press release. The couple was coached by High Plains Federal Credit Union coach Tammy Lewis. The […]

June 7 — Business digest

Farm Credit of New Mexico names new manager Brett Valentine has been named the new branch manager for Clovis’ Farm Credit of New Mexico office. Wednesday was his first day in the position. Valentine, who has been with the company since 1997, was serving as assistant branch manager and as vice president, a title he […]

Officials eliminate exception to short-tour credit

By Erin Tindell: Air Force Personnel, Services and Manpower Public Affairs RANDOLPH AIR FORCE BASE, Texas — Air Force Chief of Staff Gen. Norton Schwartz approved rescinding a temporary policy established in 2003 that allowed airmen to receive short-tour credit for overseas TDYs of at least 181 consecutive days. The effective date of the new […]

Farm Credit of New Mexico distributing money to stockholders

CNJ staff Farm Credit of New Mexico will be distributing over $6 million in cash to their stockholders, according to a news release. The money will be distributed as part of the Farm Credit of New Mexico’s Patronage Distribution Program. The release said the cash will be distributed on or before March 31. The distribution […]

NAF workers eligible for health incentive credit

Air Force Personnel, Services and Manpower Public Affairs SAN ANTONIO — Nonappropriated fund federal employees who participate in the NAF Department of Defense Health Benefits Program are now eligible to earn a health incentive credit. Beginning Jan. 1, health plan participants may earn a $100 health incentive credit when they complete the Simple Steps to […]

Xcel offering credit for lowering energy demand

By Kevin Wilson: CNJ staff writer Xcel Energy is offering credit to Clovis customers in exchange for using a new tool to help lower peak demands on electric power. Customers in Roswell, Carlsbad and Artesia are also being asked to sign up for the company’s Saver’s Switch program. The voluntary program allows Xcel Energy to […]

Senators Bingaman and Udall Stand Up to Credit Card Companies, Vote to Support Small Business and Consumers

WASHINGTON— The Merchants Payments Coalition, representing 2.7 million U.S. businesses, released the following statement thanking Senator Jeff Bingaman (D-NM) and Senator Tom Udall (D-NM) for their support after the U.S. Senate voted to include commonsense swipe fee reform in the Restoring American Financial Stability Act of 2010 through an amendment introduced by Sen. Richard Durbin […]

Wednesday morning briefing: Politics, dual credit and the death penalty

It’s Freedom New Mexico’s Wednesday morning briefing. Politics A couple of things… Republican candidate for governor Doug Turner is in town for a meet-and-greet 9 a.m. today at Dave’s Coffee, 1404 Mabry. Also, Congressman Ben Ray Luj

Business digest: Businesses to be notified of credits

Businesses to be notified of credits The Internal Revenue Service will begin sending postcards to 25,709 New Mexico businesses this week to notify them of benefits of small business health insurance tax credits. Tax credits of 25 percent of premium costs will be available for small businesses that purchase health insurance for employees if there […]

Business feature: Tax Day, credit eligibility counting down

By Sharna Johnson: CNJ staff writer The clock is ticking on some tax credits and Thursday’s deadline is drawing closer. Close enough, in fact, that Mary Hernandez said at this point in the season, she tells people with complicated returns to file extensions. “Everybody knows this day is coming around,” she said, explaining during the […]

President’s actions don’t warrant Nobel

Freedom New Mexico To his credit, in his acceptance address, President Obama addressed several of the ironies involved in his being awarded the Nobel Peace Prize for Peace with humility, humor and a thoughtful disquisition on the delicate relationship among conflict, war, fanaticism and peace. Although he made the best of the situation, there was […]

Business feature: Businesses taking steps to avoid flu

ktyd01-h1n1working.jpg

CNJ staff photo: Sharna Johnson Jade Gallegos, a Clovis Community College student who runs the information desk under the work-study program, said a lot of visitors stop to use a hand sanitizer station near the door. The college is one of a number of local organizations taking steps to prevent the spread of H1N1 flu. […]

Education feature: Students operating credit union

ktot6v-1126wildcatcreditunion.jpg

CNJ staff photo: Liliana Castillo From left, Gunar Hawkins, Henry Martin, Maddi Turbeville, Joseph Callahan, Andrew Anaya and Cutter Burnett are six of the students who work at the student-run bank branch at Clovis High School. By Liliana Castillo: CNJ staff writer Freshman Academy students are learning firsthand how to run a bank. The Wildcat […]

Credit reform penalizing responsible

Freedom New Mexico We noted in August the unintended consequences in the wake of Washington’s reform legislation to protect consumers from credit card interest rate hikes and penalties. Congress had restricted changes in credit card terms, citing complaints about high rates and penalty fees. Even before the first wave of new regulations went into effect, […]