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.
As political attention has flowed from Wall Street to immigration, unemployment and myriad other topics, financial reform has fallen off the radar. The regulatory law gave guidelines for fixing the financial sector, but the rule-writing process has fallen to dozens of agencies and government bureaucrats currently hammering out the details. That means the real work of reform is just beginning and the country is only incrementally closer to a safer financial system.
The Wall Street reform bill being debated in the Senate may not be able to survive a filibuster. Sen. Russ Feingold, D-Wisc., announced today that he will vote to block the legislation from getting an up-and-down vote. The announcement…
A Wall Street reform bill designed to rein in the problem of firms that are “too big to fail,” passed the U.S. House today 223-202. The vote was mostly on party lines, with no Republicans voting for the bill and…
As his appointment of numerous Wall Streeters signaled and Treasury Secretary Tim Geithner’s remedies confirm, President Obama is no radical. Far from warring on corporate America, he’s co-opting it to pull us back from the precipice.
As if we didn’t already know, a new Albuquerque Journal poll is in to tell us that the economy is Numero Uno in the minds of voters four weeks out from the Nov. 4 election. And get this: The…
The U.S. House passed the $700 billion bailout legislation by a vote of 263-171. The successful passage of the biggest bailout in American history follows a ballot by the House earlier in the week in which lawmakers dramatically rejected the first version of the legislation 228-205.
Both Tom Udall and Steve Pearce voted against the economic bailout bill on Monday and are headed back to Washington for a second vote expected to happen as early as Friday. As a result, the bailout crisis is taking a bit of a toll on their Senate campaigns.
The average American may feel left behind by Wall Street and Capitol Hill. But in fact a majority of Americans have at least a small stake in Wall Street and consequently a stake in the outcome of the bailout plan forged by the Bush administration and refined by Congress.
The U.S. House rejected the $700 billion bailout plan today with strong opposition from both Republicans and Democrats. More to come.
It looks like there may be an agreement to bail out Wall Street to the tune of $700 billion. This means that the government is going to buy the bad debt from financial firms on the skids. But it faces…
Via Angry Bear, here’s Joseph Stiglitz, the Nobel prize-winning economist, on Treasury Sec. Henry Paulson Jr. celebrating the bailout plan he presented to Congress, which was revised in marathon negotiations this weekend…
In a recent conversation, my dad summed up the current financial crisis better than I could have: We’re trying to figure out how to engineer a controlled crash landing instead of allowing an all-out nosedive into the ground. I believe he’s right. The situation is that serious.
Gov. Bill Richardson says New Mexico is in a better position than most states to weather the current economic crisis, and he’s hopeful that the federal government will “quickly follow through with its promises to intervene and restore…
In a fresh respite from the usual media focus on the messaging wars of ads, press releases, and candidate campaign events, the Santa Fe New Mexican had a lengthy description yesterday of the Obama campaign’s field operation in Santa…
