‘Racino’ could boost economy in Tucumcari

Freedom New Mexico The New Mexico Racing Commission visits Tucumcari on Thursday where it will hear investors’ proposal for building a racetrack and casino at the edge of town. We encourage area residents to help the commissioners see the potential a “racino” would have on the economy of this community, the region and ultimately the […]

Despite U.S. economy, much left to celebrate

Freedom New Mexico There are far worse things than spending Independence Day at home because your household budget is not independent of skyrocketing gasoline prices. AAA’s annual holiday travel survey, released earlier this week, showed a small — slightly more than 1 percent — decrease in the number of people who will travel 50 miles […]

McCain’s cures for economy contradicting

Freedom New Mexico “Something is seriously wrong when the American people are left to bear the consequences of reckless corporate conduct, while the offenders themselves are packed off with another $40 million or $50 million for the road. If I am elected president, I intend to see that wrongdoing of this kind is called to […]

State encourages food stamps in trying economy

Lack of capital dooms businesses

By Sandra Taylor-Sawyer Businesses open and close daily. The closures can have a ripple effect on the economy. However, business closures are not all bad. Sometimes it is for the benefit of the owner’s health, retirement or family issues. The following is an anthology of reasons why businesses fail. It also serves as a checklist […]

Consumer confidence plunges and home prices hit record low

The Associated Press NEW YORK — Consumer confidence plunged in February as Americans worried about less-favorable business conditions and job prospects, a business-backed research group said Tuesday. The Conference Board said its Consumer Confidence Index fell to 75 this month from a revised 87.3 in January. The reading was the lowest since the index registered […]

Castro or not, meaningful change for Cuba far off

Freedom New Mexico It is difficult to tell just how significant is the fact that Fidel Castro has formally resigned as Cuba’s president. He “temporarily” ceded his powers to his younger brother, Raul, on July 31, 2006, but he remains a member of parliament and is likely to be elected to the 31-member Council of […]

Three Wildcats 5A first-teamers

Three members of state runnerup Clovis earned first-team honors on the Class 5A all-state football team released today. The team was selected by 5A coaches. Running back Manuel Robles, cornerback Jaden Isler and center Nathan Carver earned first-team honors for the Wildcats, who finished the season 9-4. All three are seniors. Senior defensive end Diondre […]

Ag trumps technology — good for local economy

Here are some area readers’ views on the economy: “Clovis has always been rather insulated from the economic swings that affect the rest of the nation because our local economy is based more on agriculture than technology. But as we grow, so will our business and this will gradually make us more susceptible to those […]

Ag industry solid foundation for local economy

Here are some area readers’ views on the economy: “I am not concerned about the local economy as we don’t rely entirely on the banking industry or the stock market. We tend to forget how much money the farm and ranch industry, which includes the dairies, bring into the local economy, not to mention the […]

Bush asks for perseverance, action on economy and war

By Terence Hunt: The Associated Press WASHINGTON — Recession. War. Terrorism. The worry list in President Bush’s final State of the Union address was the same as in his first. “We can all see that growth is slowing,” Bush said in his appearance before Congress Monday night when talking about the economy. The war in […]

Looking ahead

Stories we are working on for Tuesday’s paper. • A fast-moving grass fire near Muleshoe • Coverage of the first day of a Cannon airman’s murder trial • Changes in I.D. requirements at border crossings • • • George L. Prothro, managing editor at the Clovis News Journal in the late 1960s, died at his […]

Bush, House make tax rebate deal to stimulate spending

The Associated Press WASHINGTON — With unprecedented speed and cooperation, Congress and the White House forged a deal Thursday to begin rushing tax rebates of $600 to $1,200 to most tax filers by spring, hoping they will spend the money just as quickly and jolt the ailing economy to life. Rebates would be even higher […]

Slashing rates again won’t fix economy for long run

By Freedom New Mexico Some say the Federal Reserve did just the right thing by cutting the federal funds interest rate Tuesday by an unexpectedly bold three-quarters of 1 percent, and it just might have kept the plunge in the stock market from being deeper than it was. While the Fed’s move and the president’s […]

Bingaman participates in economic stimulus hearing

WASHINGTON – U.S. Senator Jeff Bingaman today participated in a Senate Finance Committee hearing to discuss what actions should be taken to stimulate the economy.             Bingaman is a member of the Senate Finance Committee, which will write the Senate’s version of a stimulus package.  At the hearing, Senators discussed the need to pass a […]

Domenici advocates larger economic stimulus package

WASHINGTON – U.S. Senator Pete Domenici today suggested that federal policymakers are offering “too little, too late” in terms of keeping the American economy from sliding into a recession, and suggested significantly increasing the size of an economic stimulus package.             Domenici, the former long-time chairman of the Senate Budget Committee, on Monday issued the […]

Domenici: Need for economic stimulus

          CARLSBAD, N.M. – U.S. Senator Pete Domenici, a member of the Senate Budget Committee, today issued the following statement regarding proposals for an economic stimulus to energize the U.S. economy:             “While there are economic bright spots in New Mexico, there is no doubt that the national economy is in trouble.  I was […]

Immigrants help power U.S. economy

By Freedom New Mexico Anti-immigrant tough talk has failed, once again, as it did in the 2006 election. The toughest of the tough-on-immigration candidates — Colorado’s Tom Tancredo — didn’t get to New Hampshire before his campaign fizzled. John McCain and Hillary Clinton, two of the weakest tough-on-immigration candidates, stole the show in New Hampshire, […]

Portales gross receipts taxes grow

By Karl Terry: Freedom New Mexico Portales’ economy seems to be defying national trends along with localized concerns of a slow-down as gross receipts tax collection grew in 2007. With better than 73 percent of the city of Portales’ budget tied to GRT, the monthly collection reports are of special interest to city officials looking […]

Mandated biofuel production will drain resources

By Freedom New Mexico It is difficult to overestimate the sheer wrongheadedness of the energy bill Congress passed and the president signed Wednesday. Even if it were a good idea for government to mandate what kind of energy should be used and how, this bill includes obvious missteps and mistakes that will cost taxpayers and […]