Rate cut should spur growth

Staff and wire reports WASHINGTON — The Federal Reserve dropped its most important interest rate to a nearly two-year low on Tuesday and left the door open to additional cuts to prevent a housing and credit meltdown from pushing the economy into a recession. A disappointed Wall Street took a nosedive. Fed Chairman Ben Bernanke […]

Experts expect gas prices to continue upward trend

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CNJ staff photo: Liliana Castillo Gas prices in Clovis and Portales reached $3.15 a gallon Wednesday for regular unleaded gasoline. By Liliana Castillo: CNJ staff writer Don’t expect the price of gasoline to go down anytime soon. In fact, gasoline prices are going to continue to rise, according to travel and oil industry officials. Gas […]

Farm bill lacking reform promised

By Freedom New Mexico Democrats took control of Congress vowing to take a fresh look at wasteful programs and spending priorities. The expiration of the federal farm program — it has to be renewed every five years — was a golden opportunity to put some substance behind those promises. Crop prices are high, and farmers […]

Government aid will make housing problems worse

By Freedom New Mexico No one can now deny the obvious: The housing bubble, especially in high-priced real estate markets, has popped. New home sales are projected to fall nationwide to 805,000 this year, down 23 percent from 1.05 million last year, the National Association of Realtors has reported. If that happens, it would be […]

Financing food getting trickier

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CNJ Staff Photo Illustration: Liliana Castillo By Karl Terry: Freedom New Mexico This morning, your bowl of cereal and milk probably cost you 49 cents. Last year, it was 44 cents. By next year, it could be 56 cents. It’s enough to make you cry in your cornflakes. The forces behind the rise in food […]

Letters to the Editor: Female ordination against Scripture

Regarding “Women of the Cloth,” (July 13 CNJ): Mary Magdalene was at Christ’s crucifixion, his open tomb and first to witness the risen Jesus. And Jesus sent her to his disciples. She’s fascinating as are many women of the Bible. Alvin Schmidt’s “How Christianity Changed the World,” explains how Judeo-Christianity revolutionized equality of both genders […]

U.S.’ approach to drug problem needs revamped

By Freedom Newspapers We couldn’t help but notice a recent wire story headlined “Illegal drugs getting scarcer.” The report began by noting that the availability of most illegal drugs is down and drug seizures are up. Drug warriors point to this information as proof the war on drugs is succeeding. Not everyone, however, is reaching […]

Farm bill gets Friday focus

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CNJ Staff Photo: Gabriel Monte U.S. Rep. Heather Wilson, R-N.M., said she learned more in a Friday roundtable on the farm bill reauthorization at Eastern New Mexico University than she ever could have learned in Washington, D.C. By Karl Terry: Freedom Newspapers U.S. Rep. Heather Wilson, R-N.M., stepped outside her district Friday to gain some […]

School meal prices rising

By Jean Verlich: CNJ news editor Superintendent Rhonda Seidenwurm told the school board at Tuesday’s meeting there would be an increase of 25 or 35 cents per meal depending on the amount of the district’s food bid in July. She said the last increase of 10 cents was in 2001. Citing higher transportation and food […]

Drivers Downsizing

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Staff photo: Andy DeLisle The Ford Escape Hybrid gets 34 miles per gallon in city driving. When the vehicle travels under 25 mph, the gas engine turns off and the car is powered by the electric motor. By Helena Rodriguez: CNJ staff writer Fed up with rising gas prices, consumers are purchasing hybrid cars, downsizing […]

Paying the price

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CNJ staff photo: Andy DeLisle Cathy Jones of Portales fills up her car Wednesday. She lives in Portales and commutes to Clovis for work. Jones plans to stay home Memorial Day weekend, but said she might have taken a trip if gas prices would have been lower. By Sharna Johnson: Freedom Newspapers People are making […]

Pricey at the pump

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CNJ staff photo: Sharna Johnson Larry Devaney fills his tank Thursday at a gas station on Mabry Drive. An electrician from Melrose, Devaney said when it comes to rising gas prices, “you got to pass (the cost) down to the customer. It’s not making things easy.” By Sharna Johnson: CNJ staff writer A recent spike […]

Local tobacco costs rising

By Janet Taylor-Birkey It costs to smoke in today’s society, and the prices continue to soar. A recent law passed in Texas increased the cost of cigarettes by more than $1 per pack, leaving smokers a bit uneasy about their own future going up in smoke. But Cannon smokers shouldn’t see those increases come to […]

CHS to retire Baskett’s football jersey

CNJ staff Clovis High School has announced that the CHS football jersey of Hank Baskett will be retired during a halftime ceremony at the Wildcats’ District 4-5A basketball game against Carlsbad next Tuesday at Rock Staubus Gym. Baskett, a 2001 CHS grad, recently completed his rookie season in the NFL, helping the Philadelphia Eagles win […]

Jan. 25, 1941

Haynes Motors & Co. at 112 E. Grand advertised the “Best Buick Yet,” with prices beginning at $935 for the business coupe. … Clovis Golf Club members were trying to understand why membership was low despite the Hillcrest Park course being “the best course in the state on which to play,” the Clovis News-Journal reported. […]

Milk laws leave no room for innovation

By Freedom Newspapers One of the more shameful actions Congress took last year was crushing an innovative dairyman who found a way around federal dairy regulations that artificially raise the price of milk. It was a bipartisan conspiracy, embodied in an amendment never subjected to committee hearings. Hein Hettinga is a Dutch-born dairyman who started […]

Ski season launches

Ernie Blake Ski School instructor Jeff Mugleston leads a class of skiers at Taos Ski Valley. (Courtesy Photo: Jeff Caven) By Casey Peacock: Freedom Newspapers With five ski resorts operating in New Mexico and more scheduled to open in the coming days, this ski season is shaping up to be much improved over last year’s, […]

Intervening in free market won’t help prices

By Freedom Newspapers Former Soviet Premier Nikita Kruschev once noted, “Politicians are the same all over. They promise to build a bridge even where there is no river.” He wasn’t speaking literally, of course. He was referring to the bad habit politicians have of spending taxpayers’ money on programs that have little or no real […]

Book breaks down economic elements

By Walter Williams: Syndicated columnist Professors James Gwartney (Florida State University), Richard Stroup (Montana State University) and Dwight Lee (Georgia University), three longtime colleagues of mine, have recently published “Common Sense Economics.” It’s a small book, less than 200 pages, that addresses a serious economist dereliction of duty: making our subject understandable to the ordinary […]

Government incapable of controlling gas prices

By Steve Chapman: Syndicated Columnist Socialism failed because the governments that embraced it couldn’t solve the basic problem of economics: what to produce and how much. In the old Soviet bloc, warehouses filled up with things people wouldn’t buy, while consumers stood in long lines in the hope of getting what they wanted. Thanks to […]