Editorial: Government bullied banks into TARP funds

A few smaller banks have begun to repay money loaned to them under the Troubled Assets Relief Program begun with $700 billion in October when the depth of the financial crisis became apparent, and the government decided some troubled financial institutions were “too big to fail.” But interestingly, repayment is not just a matter of […]

Incident Type: Beware Of Fraudulent Telephone And Mail Financial Fraud Solicitations

The Clovis Police Department asks that the public please be cautious when contacted by phone or mail solicitors about financial schemes promising large amounts of money in exchange for sending money by Western Union or some other money transfer instrument to cover foreign taxes or secure a prize. Most of these fraud schemes are taking […]

700,000 New Mexico working families to benefit from making work pay tax credit

The United States faces the most severe economic and financial crisis in generations. Tragically, much of the damage has fallen principally on Main Street.

Capping pay would further mar economy

President Barack Obama has announced a cap of $500,000 a year on the pay of senior executives at distressed financial institutions that receive bailout money deemed “exceptional assistance” from the taxpayers via the federal government. This is an understandable move considering the circumstances, but it carries some dangers. One can understand the populist impulse behind […]

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 […]

Finance program coming to Pleasant Hill

Freedom New Mexico Financial Peace University’s 13-week finance program is coming to Pleasant Hill. FPU has helped more than 650,000 families positively change their financial future, according to a news release. The program teaches families and individuals how to handle their money through common-sense principles and small group accountability. Each class participant needs a kit. […]

Albuquerque Journal halts local home deliveries

By Gabriel Monte: CNJ staff writer Falling on hard financial times, the Albuquerque Journal is canceling distribution of its paper to more than 30 New Mexico towns including Clovis, Portales and Tucumcari. The paper will terminate home delivery and rack sales in outlying communities on Jan. 31 because of falling advertising revenue and rising production […]

Feds double up on bad financial hand

Freedom New Mexico This month’s announcement by the Federal Reserve Board that it has cut its benchmark overnight federal funds rate, the rate at which banks lend to one another, to a “target range” of between one-quarter percent and zero is both an acknowledgment of reality and a sign of panic. Since banks, even in […]

City official: Investments haven’t been affected adversely

By Eric Butler: Freedom New Mexico Correspondent In unsteady economic times, it was a natural question from Commissioner Robert Sandoval. As city of Clovis chief budget officer Don Clifton presented his financial report of the city’s investments, Sandoval wanted to know how the recent Wall Street downturn affected the municipality. Clifton’s response at Thursday’s regular […]

Financial crisis’ effects must be suffered

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

Financial responsibility good lesson for everyone

By Anita Doberman: Cannon Connections columnist I used to spend money recklessly.

Market destroyed by government

By Tibor Machan: Freedom New Mexico columnist Most likely, President George W. Bush was prevaricating, not confused, when he stated, looking straight at the audience listening to his speech about the financial disaster, “The market is not functioning properly.” That’s because he — or his advisers — must know the American economy is not a […]

Banks should have been held accountable

Freedom New Mexico Last week the financial industry was

Udall addresses key issues

jzwzf6-tuwithwaynepallaofpalladairyinclovis.jpg

Courtesy photo Rep. Tom Udall is running for the seat currently held by Sen. Pete Domenici, R-N.M., who is retiring. Rep. Tom Udall addressed the Eastern New Mexico University Board of Regents on Friday during a visit to the area. Udall, D-N.M., touched on legislative appropriations that would help eastern New Mexico, noting he serves […]

2007 USSOCOM financial management awards

HURLBURT FIELD, Fla. — Air Force Special Operations Financial Managers dominated the 2007 USSOCOM Financial Management Awards, taking home nine of 14 categories. However, this is nothing new for the command. “Over the past six years, AFSOC has won 50 awards out of 70 nominations,” said Bill Rone, Headquarters AFSOC financial manager. “A highlight this […]

Tools help plan financial success

By Sandra Taylor-Sawyer: Everybody’s Business Analyzing financial ratios is a tool business owners can use to grow and sustain the business. There are many financial ratios that can be used to make management decisions, such as the debt-to-equity (net worth) ratio. The debt-to-equity ratio will provide business owners with information on whether to add capital […]

Fans take hit in NFL, cable matchup

By Kevin Wilson: CNJ staff writer “Turn to page 38,” Shawn told me. I was holding Shawn’s copy of the NFL Shop catalog, and was considering a new 49ers jacket until he alerted me to the collectible Super Bowl book on page 38. It was quite a book, leatherbound with a case and handling gloves, […]

Safety important in Cyber Monday online shopping

CNJ staff Instead of waking up in the early hours of the morning on Black Friday to fight the mobs, shoppers can take their business online Monday. Retailers, such as Sears and Barnes and Noble, will offer promotions Monday geared toward anyone with a credit or charge card and access to the Internet, according to […]

Financial Management offices to undergo transformation

By Tech. Sgt. Dave Thompson: 27th Spcecial Operations Comptroller Squadron CANNON AIR FORCE BASE — The Air Force is transforming its Financial Management (FM) operations in the largest change in Air Force Financial Management’s 60-year history and for airmen at Cannon, the changes begin Dec. 14. The changes will provide more effective and efficient finance […]

Local news briefs

Maj. John Johnson took command of the 27th Maintenance Operation Squadron in a change of command ceremony today at Hangar 133. He replaces Maj. David Nicholson whose next assignment will be at Hurlburt Field, Fla. Johnson is a prior enlisted Marine who accepted an inter-service transfer to the Air Force. He graduated from Officer Training […]