Former Clovis legislator accused of diverting money

The Associated Press ALBUQUERQUE — A former Clovis state representative received about $870,000 in state money that was supposed to benefit a housing program for low- and moderate-income residents, according to a report by the State Investment Council says. Vincent “Smiley” Gallegos, who resigned Aug. 1 as the executive director of the Albuquerque-based Region III […]

Women’s History luncheons scheduled

27th Fighter Wing Public Affairs Staff report As part of Women’s History Month activities, the Federal Women’s Program committee at Cannon will sponsor two luncheons at the 27th Logistics Readiness Squadron conference room, Bldg. 620. Todd Spencer, an investment representative from Clovis will be the guest speaker March 20 and discuss investment issues On March […]

Capital gains tax dampens risk incentive

By Walter Williams: Syndicated columnist Republican and Democratic big-government advocates whine about President Bush’s proposed tax cuts, particularly cuts in the capital gains tax. They say it’s a $70 billion giveaway to the rich. Listening to demagoguery about the rich, I’ve sometimes wished that we could find a humane way to get rid of the […]

Thrift savings plan more investor-friendly

By Tom Philpott: Military Update The number of active duty and reserve component members enrolled in the federal Thrift Savings Plan will hit a half million this month. Recent improvements could encourage many more to join, say plan administrators. In July, TSP began year-round enrollment, in place of twice-yearly “open seasons.” The open seasons didnít […]

AARP: Private accounts not viable solution

By Kevin Wilson: Freedom Newspapers PORTALES — The New Mexico chapter of the American Association of Retired Persons is adamant Social Security needs to be fixed, and they are concerned about a day that the federal program’s expenses will exceed revenues. Their message to Portales residents during a seminar Tuesday was that private investment accounts […]

Shareholders overwhelmingly approve Freedom deal

By Gary Gentile LOS ANGELES (AP) — Shareholders of Freedom Communications Inc. overwhelmingly approved a partnership with two investment companies that preserves one of the last family-owned media companies. The deal, announced late Wednesday, allows some family members to cash out their shares. That prospect caused other family members to fear they would lose editorial […]

Freedom agrees to partnership

By MARY ANN MILBOURN Freedom News Service IRVINE, Calif. — Freedom Communications Inc., parent of the Clovis News Journal, Portales News-Tribune and Quay County Sun in Tucumcari, announced Tuesday it has signed an agreement with two East Coast investment firms to raise funds to allow shareholders who want out of the family-owned company to cash […]

Hotel Clovis: Eyesore and opportunity

Project: Reader Reaction A recent Project: Reader Reaction question asked for opinions on what to do with Hotel Clovis. Some responses: “Tear it down. No one seems to plan on doing anything with it, and the cost to restore is outrageous. I realize that it is a part of Clovis’ history, but what good does […]

City ponders changes to investment committee

By Jack King The city of Clovis may get a new budgeting process if the City Commission acts on a motion by Commissioner Catherine Haynes. At the Commission’s Thursday night meeting, Haynes moved that the city’s Investments Committee, which officially oversees the city’s investment strategy, be changed to an Investment and Budget Committee, with input […]