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

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

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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 […]

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 […]

It’s their business: Mesa Financial

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CNJ staff photo: Cortney Graham By Jean Verlich: CNJ news editor Name: Mesa Financial Location: 403 Pile St. What they do: Lending institution — make loans to purchase vehicles, personal loans, mortgages Who’s in charge: Jason Crume is the manager and partner. Employees: Two plus Crume How long in business: 10 years, moved in April […]

List: Memorial Day closings

The following government offices, financial institutions and schools will be closed for Memorial Day: Banks Federal credit unions City Animal Shelter Curry County State Wayland Baptist University Clovis Community College Clovis Municipal Schools Eastern New Mexico University

Check your ROI often

By Sandra Taylor-Sawyer: Everybody’s Business In previous columns, I’ve discussed how business owners can use financial ratios to assist in making management decisions. Another important financial ratio in determining success is the return on investment ratio. Business owners should set an ROI goal and review the ratio regularly. A business owner’s desire is to make […]

Everybody’s Business: Gauge success with financial ratios

By Sandra Taylor-Sawyer Last month’s column included discussion of important financial statements owners of small businesses can use to analyze the financial condition of their business. This column continues the discussion with information about another important financial ratio: debt to equity. A balance sheet is needed to obtain the information to compute the debt-to-equity ratio. […]

Education Digest: Seniors should consider checklist

By Marlena Hartz: CNJ staff writer College-bound seniors should do three things before Dec. 31, according to a press release from Scott Anderson, an author and expert in college funding. In his press release, he recommends seniors heading to college should: 1) Remove savings from their name. If that isn’t possible due to IRS regulations, […]

Everybody’s business — Financial statements powerful asset

By Sandra Taylor-Sawyer As 2006 comes to an end, it is a good time to reflect on past accomplishments, future endeavors and failures. Yes — failures. Failures can build or weaken a business depending on the step taken immediately following the mishap. That step should be to get up and not lie down waiting for […]

Clovis candy company helps soldiers in need

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CNJ Staff Photo: Andy DeLisleKathy Martinez makes peanut By Sharna Johnson: CNJ Staff Writer The Friends of Cannon Families helps airmen bridge financial gaps when needs arise, yet this year the group found its coffers lacking. That is when a Clovis businessman devised a plan to sweeten the pot. During a spring meeting of the […]