Petraeus: Loans force families apart

Many military homeowners who saw their homes plummet in value in the financial crisis still can’t get relief from “under water” mortgages that leave families owing more to loan servicers than their homes are worth. The situation is especially difficult for the military where families must move every two to four years. Some affected members, […]

Obama forgets lessons from housing crisis

Nearly everyone recognized the obvious steps that had to be taken after 2008’s housing disaster — no more loans to unqualified buyers, no more creative financing, no more packaging for resale of securitized mortgages not worth their face value. Apparently, President Barack Obama already has forgotten. He proposes a housing fix with more problematic government […]

No easy escape from financial crisis

Tea party conservatives have been told to accept their victory and go home. They really took it to President Barack Obama and all the old liberals in Congress, some contend. “The winner is the tea party,” said conservative commentator Charles Krauthammer on Fox News. “They have changed the debate in the country. I think they […]

Military digest: Board says military retirement overly generous

By Tom Philpott Gen. Martin Dempsey, Army chief of staff, seemed to splash figurative cold water on ideas surfacing at the Pentagon and elsewhere to cut future retirement obligations and other personnel costs, deeply and soon. Testifying at his confirmation hearing before the Senate Armed Services Committee to become the next chairman of the Joint […]

Federal debt must be cut smart way

Freedom New Mexico President Obama said Monday during a White House press conference that he would not consider stopgap measures to temporarily avert the debt-ceiling crisis, saying “that is just not an acceptable approach.” Speaker John Boehner says he agrees with President Obama that the nation’s borrowing limit must be raised, to avoid a government […]

Press release: Udall discusses the gas crisis, President Obama’s budget

WASHINGTON – U.S. Senator Tom Udall, D-NM, talked with radio reporters today about the multi-agency response to this month’s gas crisis in northern New Mexico and efforts at the federal level to ensure it doesn’t happen again. He also gave his thoughts on President Obama’s budget proposal and discussed his airline passenger privacy amendment to […]

Thursday morning briefing: Iran Hostage crisis, off-roading and a scheduled

Freedom New Mexico Good morning and welcome to the Freedom New Mexico Thursday morning briefing.

Friday morning briefing: Trick-or-Treat news, a few good men and a crisis

Good morning and welcome to the Freedom New Mexico Friday briefing. Trick-or-Treat Yes, it’s true. City officials in Clovis and Portales confirm that Trick-or-Treating will take place Oct. 31 this year even though it is a Sunday. Have fun, kids. A few good men Eastern New Mexico University’s theater department will perform “You’re a Good […]

Department of Justice awards regional agency $488,000 grant

Freedom New Mexico Sexual Assault Services of Eastern New Mexico is one of nine entities to share $488,000 from the Department of Justice, according to a release from U.S. Sen. Jeff Bingaman, D-N.M. The money comes from a $1.19 million portion of a grant to strengthen local justice system responses to violent crimes against women. […]

Meetings watch: Udall discusses Valles Caldera, Gulf crisis and Murkowski Resolution

WASHINGTON – U.S. Senator Tom Udall, D-NM, talked today with radio reporters from around the state about a bill he introduced with Senator Jeff Bingaman to transfer the Valles Caldera to the National Parks Service. Udall also gave his thoughts on Senator Lisa Murkowski’s pending resolution to strip the Environmental Protection Agency of its authority […]

HAP aids military homeowners

By Tom Philpott: Military Update Like thousands of Amer-ican homeowners, John and Susan, a Coast Guard couple, were slammed financially by the real estate crisis. They saw the value of the $150,000 house they bought in Texas in March 2006 plummet, starting in 2007. This month they will sell it for $125,000, well below the […]

U.K. leadership could influence U.S. voters

Freedom New Mexico To get through its current crisis, the United Kingdom needs another Iron Lady. That’s the derogatory term bestowed by her opponents upon Margaret Thatcher, the Conservative Party’s prime minister from 1979-90. But the moniker later was adopted by supporters when they admired Thatcher’s getting the country through the major crises of the […]

Obamacare will cause economic heart attack

Freedom Newspapers Less than a month old, Obamacare already is loaded into an ambulance on its way to the ER. The first crisis for the health care overhaul plan is a shortage of doctors. “At current graduation and training rates, the nation could face a shortage of as many as 150,000 doctors in the next […]

Energy answers lie in shale beds

By Jim Constantopolous: Guest columnist As the United States begins to pull out of the worst economic crisis since the end of World War II, energy policy has taken on increasing importance. President Obama has called on Congress to pass legislation that would reduce America’s dependence on foreign oil. The administration is correct in doing […]

Fiscal crisis Mullen’s top concern

By Tom Philpott: CNJ columnist Though he’s a warrior, not an economist, Adm. Michael Mullen, chairman of the Joint Chiefs, ranks the financial crisis as a higher priority and greater risk to security than current wars in Iraq and Afghanistan. “The scope of it is, to me, mind-boggling,” said Mullen in an interview with Military […]

GI Bill affected by financial crisis

By Tom Philpott: CNJ columnist The worldwide financial crisis has hit private colleges hard enough that relatively few are likely to participate in the Post-9/11 GI Bill’s “Yellow Ribbon” initiative when it begins this fall, says Keith M. Wilson, director of education service for the Veterans Benefits Administration. Under the Yellow Ribbon program, private colleges […]

Sens. Harden and Feldman Speak Out on Need to Address Autism Crisis

Santa Fe — Senator Clint Harden is joined by Senator Dede Feldman at a news conference today at the state capitol regarding the high incidents of the autism disorder in the state and the offered solutions to address the crisis. The package of legislation includes requiring insurance companies to cover autism treatment for children with […]

Mid-life crisis proves to be tedious

By Karl Terry: Freedom New Mexico columnist I experienced a brief moment of regret wishing I had switched to another record. But as I cued up the record and the sounds of The Guess Who’s “Clap for the Wolfman” came out of my computer speakers and Wolfman Jack howled “You thought she was diggin’ you […]

Financial crisis’ effects must be suffered

Freedom New Mexico If anyone doubted that we live in an interconnected and globalized world, the swift

Major lessons to be learned in lending crisis

Freedom New Mexico In the wake of the initial failure of the proposed $700 billion bailout of the