I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…
Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.
Santa Fe-based Thornburg Mortgage will declare bankruptcy and go out of business, according to a statement from the company. The troubled mortgage firm “intends to commence an orderly sale or liquidation of its remaining assets.”
As SFReeper commented, this news is not unexpected.
From the Santa Fe New Mexican:
Thornburg Mortgage employed about 150 people in Santa Fe and elsewhere. It is not known at this point how many will lose their jobs. The company has been one of Santa Fe’s larger private employers until it ran into trouble in the summer of 2007 when the credit crisis intensified.
The company also said it would not make its March 31 interest payment on its senior subordinated notes.
It is just another sign of the times.
