Ex-Treasury Chief Defends Bank Bailout OMAHA, Neb. - Henry Paulson, the former Treasury chief, and billionaire Warren Buffett said taxpayers will recover every cent paid out to banks during the economic meltdown and may even turn a profit.
The staunch Democrat investor and the Treasury secretary under President George W. Bush spoke on stage Tuesday before 2,400 at the Greater Omaha Chamber of Commerce's annual meeting.
Paulson in his recently released book de
Navajos OK $60M Loan for Tribal Projects
FARMINGTON — The Navajo Nation's Tribal Council recently voted to approve a $60 million unsecured general obligation loan from Key Bank to begin construction as early as March on 13 public safety and judicial complexes across the nation.
(Tuesday, February 09, 2010)
New-Home Shortage in Cruces
LAS CRUCES — Despite oft-repeated concerns about a glut on the local real estate market, if you want to buy a new home, especially one priced $200,000 or less, there might be a dearth of choices in the upcoming year.
(Tuesday, February 09, 2010)
AROUND NEW MEXICO CD, Loan Rates On Journal Site
(Tuesday, February 09, 2010)
Bank tale exposes seamy side of regulation
Nothing that I have written in my 10 years on the Journal's business desk has provoked as much reaction among readers as our coverage of the seizure of Charter Bank by the Office of Thrift Supervision.
(Monday, February 08, 2010)
Flaws and all, legal system belongs to us
"Justice is my being allowed to do whatever I like. Injustice is whatever prevents my doing so."
(Monday, February 08, 2010)
Oil, gas group retools approach
Bob Gallagher was among the state's fiercest advocates for oil and natural gas production until he was ousted as president of the industry's biggest trade association late last month. He said he was told he had damaged the New Mexico Oil and Gas Association's image and reputation so badly he could no longer be effective.
(Monday, February 08, 2010)
S.F. center can't pay own way
SANTA FE — The Santa Fe Community Convention Center isn't likely to ever generate enough revenue to cover its operational expenses, the head of the Santa Fe Convention and Visitors Bureau told elected officials last week.
(Monday, February 08, 2010)
Building on Success
The 50-year history of what is today the Dekker Perich Sabatini architectural and planning firm is the tale of two generations.
(Monday, February 08, 2010)
Bulletin Board
The Albuquerque chapter of the Construction Specifications Institute (CSI) monthly luncheon will be held from 1:30-4:30 p.m. today at the Courtyard by Marriott Journal Center, 5151 Journal Center NE. The featured topic will be "Unlocking the Mystery of Electrified Hardware." Admission is $20. For additional information or reservations, e-mail cmorrison@koroseal.com.
(Monday, February 08, 2010)
Restaurant Inspections
These are summaries of Albuquerque Environmental Health restaurant inspections. Restaurants with violations have 10 days to make corrections.
(Monday, February 08, 2010)
'Wash sale' different for IRA purchases
Q: IRS Publication 550 states that the disallowed loss in a wash sale is added to the cost of the new stock, except where substantially identical stock has been acquired for an IRA. Nothing further is stated in the publication regarding the disallowed loss where an IRA is involved. It seems inconsistent to allow a tax benefit (i.e., increase in basis for stock acquired in a wash sale) in all cases other than acquiring stock in an IRA. Does the IRS truly intend for the disallowed loss to have no tax benefit? If so, do you know the logic for that position?
(Monday, February 08, 2010)
Letters to Outlook Shining a light on solar's true cost
(Monday, February 08, 2010)
Recession May Scar Youth
CHICAGO — After living through one of the most brutal recessions in U.S. history, many late teens and young adults could be scarred for life, adopting behaviors that could skew everything from their own careers to politics, corporate profits and the stock market.
(Sunday, February 07, 2010)
Boom Times for Bankruptcy
Bankruptcies took another big leap in 2009, surpassing the 6,000 mark for the first time in four years in New Mexico.
(Sunday, February 07, 2010)
CNM Buys Old Plant
Central New Mexico Community College, in the midst of surging enrollment, has purchased the former Motorola plant at a bargain price for a "game changer" expansion into the north I-25 corridor.
(Saturday, February 06, 2010)
Farmington To Back Emissions Cap Fight
FARMINGTON — City officials said they would fight a proposed cap on greenhouse gas emissions although they wouldn't join a lawsuit to challenge the state's authority to regulate emissions levels.
(Saturday, February 06, 2010)
Unemployment Outlook Remains Bleak
WASHINGTON — The outlook for jobs remains bleak despite January's unexpected decline in the unemployment rate, which fell to 9.7 percent from 10 percent in December.
(Saturday, February 06, 2010)
Tyrone Mine Granted $22M Bonding Drop
SILVER CITY — The state of New Mexico has approved a $22 million bonding reduction for Freeport McMoRan Copper and Gold Inc.'s Tyrone mine for completed reclamation work on closed tailings storage areas, the state's Energy, Minerals and Natural Resources Department said.
(Saturday, February 06, 2010)
N.M. Airlines Juggles Schedule
CARLSBAD — New Mexico Airlines has discontinued its flights between Carlsbad and El Paso due to low passenger numbers, but it is adding a third flight to Albuquerque from Carlsbad with a stop in Alamogordo to compensate the community.
(Friday, February 05, 2010)
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