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Business/Economy

  • Economic vitality administrator starts Feb. 6

    Los Alamos County’s first economic vitality administrator, Scott Frederick, held the position for less than seven months before being terminated in November 2010. Less than a month later, County Administrator Tony Mortillaro also was terminated. The position of economic vitality administrator - along with several other key positions - fell into limbo, awaiting the appointment of a new county administrator.

    The wait is over. Greg Fisher has been hired to implement the county’s Economic Vitality Strategic Plan.

  • New grazing contract awarded for Valles Caldera

    ALBUQUERQUE, N.M. (AP) — Researchers at New Mexico State University and ranchers from Jemez Pueblo have been awarded a grazing contract that will allow them access to the Valles Caldera National Preserve next summer.

    One environmental group has concerns about returning cattle to the 89,000-acre preserve after more than a third of it was charred last summer by the massive Las Conchas fire. However, preserve officials said the grazing partnership meets congressional mandates for how the property should be managed.

  • Documents Show How Fed Missed Housing Bust

    Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation's economy could pull off a "soft landing" from falling home prices.

  • Consumers Spent at Record Levels in 2011

    Retail sales barely rose in December, but the gain was enough to lift sales to a record level for 2011. It marked the largest annual increase in more than a decade.

  • America hits the brakes on health care spending

    WASHINGTON (AP) — Is health-care relief finally in sight?

    Health spending stabilized as a share of the nation's economy in 2010 after two back-to-back years of historically low growth, the government reported Monday.

    Experts debated whether it's a fleeting consequence of the sluggish economy, or a real sign that cost controls by private employers and government at all levels are starting to work.

    The answers will be vital for Medicare's sustainability, as well as for workplace coverage.

  • Hiring rises in November, but job openings dip

    WASHINGTON (AP) — U.S. employers stepped up their hiring in November, though they advertised fewer jobs for a second straight month. The mixed data suggest the job market has strengthened but employers remain cautious.

    Until this fall, most of the improvement in the job market since the recession ended has been largely because of a sharp drop in layoffs. The jump in hiring reported Tuesday suggests companies are feeling more confident in the economy and are expanding, albeit slowly.

  • Old Treasures Translate to Cash

    It may be time to unearth that coin collection or rummage those treasures in the attic. Over the past few months a number of gold and silver buyers have set up temporary operations in Los Alamos as the price of gold and similar commodities has spiked.

    The American Coin Buyers Guild (ACBG) is currently at the Best Western Hilltop House Hotel through Saturday, and representatives are looking to purchase coins, precious metals and collectables.

    “Not everyone’s going to have the lottery ticket. But people can bring in something they thought had absolutely no value, and walk away with some real money,” Field Manager Dereck Outten said.

  • LANB to host Quality New Mexico executives


    LANB is scheduled to host a private gathering of the QNM Executive Committee at its Griffin Street location in Santa Fe Wednesday.
     The meeting will include a meet and greet for LANB’s leadership team and QNM executives with Phil Marineau, former president and CEO of Levi Strauss & Co. and current Chairman of the Board of Shutterfly Inc.  Marineau is scheduled to be a keynote speaker at QNM’s annual Learning Summit held each spring in Albuquerque.  

  • World rings in 2012 and bids adieu to a tough year

    NEW YORK (AP) — With glittering fireworks and star-studded celebrations from New Zealand to Times Square, the world eagerly welcomed a new year and hoped for a better future Saturday, saying goodbye to a year of hurricanes, tsunamis and economic turmoil that many would rather forget.

    Revelers in Australia, Asia, Europe, South America and the South Pacific island nation of Samoa, which jumped across the international dateline to be first to celebrate, welcomed 2012 with booming pyrotechnic displays. Fireworks soared and sparked over Moscow's Red Square, crowds on Paris' Champs-Elysees boulevard popped Champagne corks at midnight, and up to a million revelers were expected to jam New York's Times Square for the famed crystal-paneled ball drop.

  • NM lawmaker joins call for taxing online purchases

    ALBUQUERQUE, N.M. (AP) — A New Mexico lawmaker says one way to help the state pull itself out of a financial hardship is to tax online purchases.

    This year, $30 billion wasn't spent in malls, it was spent online. New Mexico Rep. Eleanor Chavez of Bernalillo says some of that is tax money the state is losing out on.

    Chavez is one of several lawmakers who will be sponsoring legislation this upcoming session that will allow New Mexico to tax online retailers.

    Chavez tells KOAT-TV online purchases create unfair competition, so what lawmakers really want to do is level the playing field and at the same time help small businesses in the state.