Recovery act to expand local broadband Internet service

WASHINGTON – U.S. Commerce Secretary Locke today, joined by Senator Jeff Bingaman, Senator Tom Udall and former New Mexico Governor Toney Anaya on a press conference call, announced a $11.2 million Recovery Act investment to help bridge the technological divide, boost economic growth, create jobs, and improve education and healthcare in eastern New Mexico and […]

Job creation numbers grossly inflated

Last week marked the first anniversary of the American Recovery and Reinvestment Act, popularly known as the Obama stimulus package. The White House, not surprisingly, put on a full-court press, releasing a report that claimed the stimulus saved the country from having a recession degenerate into a full-blown depression, “saving or creating” some 2 million […]

Economic recovery begins by spending locally

By Clyde Davis: Local columnist Having gone online this morning, I find that I can replace my old Flexible Flyer sled — the one with the wooden bed and the metal runners — by mail order for about $130. That’s not bad, though I have no idea how it would compare to what my parents […]

Emissions bill would derail economic recovery

Freedom New Mexico A cap-and-trade program to curb greenhouse gas emissions and financially penalize businesses emitting them faces new opposition among moderate Senate Democrats, apparently worried about voter backlash in next year’s election. Cap-and-trade, along with sweeping changes in health care, are the Obama administration’s two principle initiatives, but polls already show more Americans oppose […]

Robbery victim still in recovery

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Courtesy photo Larry Porter is still hospitalized, recovering from a broken leg he received during a Nov. 30 robbery that took place in his driveway. By Sharna Johnson: CNJ staff writer A month after he was robbed and beaten in his own driveway, 72-year-old Larry Porter of Clovis remains hospitalized and is struggling to recover […]

Recession not over until job recovery secure

Freedom New Mexico Washington intervention isn’t saving or creating jobs, so more is coming. Figures released this month showing unemployment nationally at 10.2 percent suggest those who proclaimed the end of the recession when GDP rose 3.5 percent during the third quarter were more than a little premature. Is a “jobless recovery” really a recovery? […]

Fiscal recovery still plagued by toxic assets

Freedom New Mexico There are signs that the financial system has stabilized somewhat, unemployment is not rising as quickly as it had been for a while, and there are preliminary signs of economic recovery. But the “toxic assets” — bad loans, mortgage-backed securities — that were to a great extent at the heart of the […]

Governor Bill Richardson, NMORR announce $16 million in additional local road and transit construction projects

SANTA FE- Governor Bill Richardson and the New Mexico Office of Recovery and Reinvestment today announced the approval of an additional $16.1 million worth of local road and transit construction projects under the American Recovery and Reinvestment Act. Several of the projects are in Curry and Roosevelt County and include the Hull Street Bridge in […]

Cramdown would slow housing recovery

Freedom New Mexico As the ineffable H.L. Mencken once put it, “For every complex problem there is an answer that is clear, simple, and wrong.” An example now working its way through the Senate is the proposal, embraced by President Barack Obama and passed (in a worse version) by the House to allow bankruptcy judges […]

N.M. Delegation announces over $8 million in recovery money for state’s parks

This Earth Day, New Mexico’s Congressional Delegation announced that twelve national parks in New Mexico will benefit from over $8 million in federal funding from the American Recovery and Reinvestment Act. The investments in New Mexico’s parks will help spur the economy and local job growth by revitalizing park infrastructure, rehabilitating visitor centers and funding […]