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Local News

  • Financial fix or financial flop?

    WASHINGTON — In the end, it’s only a beginning.

    The far-reaching new banking and consumer protection bill awaiting President Barack Obama’s signature now shifts from the politicians to the technocrats.

    The legislation gives regulators latitude and time to come up with new rules, requires scores of studies and, in some instances, depends on international agreements falling into place.

  • Grant will help local families

    Española — Funds from a $200,000 grant will be used to bolster the First Born Program in Los Alamos and Rio Arriba counties.

    The grant was awarded to the Los Alamos National Laboratory Foundation in Española.

    The grant from the W.K. Kellogg Foundation will let LANL Foundation “play a key role in encouraging statewide awareness of the need for services for children ages birth-to-three, hold a statewide conference …  and to hire a part time LANL program officer,” according to a press release.

  • Eyesores mar White Rock

    A swell of disheveled homes peppering Rover Boulevard and seeping onto connecting streets has sparked multiple complaints to the Community Development Department (CDD).

    “I’ve lived here almost 50 years and this used to be a beautiful town,” said White Rock resident Mrs. Pete Roberts. “I’ve never lived in a place that had so many slobs that don’t care how their places look. It’s gotten to be an embarrassment.”

    Frustrated and fed up, Roberts lodged complaints with two county offices Thursday.

  • Eyesores mar White Rock

    A swell of disheveled homes peppering Rover Boulevard and seeping onto connecting streets has sparked multiple complaints to the Community Development Department (CDD).

    “I’ve lived here almost 50 years and this used to be a beautiful town,” said White Rock resident Mrs. Pete Roberts. “I’ve never lived in a place that had so many slobs that don’t care how their places look. It’s gotten to be an embarrassment.”

    Frustrated and fed up, Roberts lodged complaints with two county offices Thursday.

     

  • LOS ALAMOS MONITOR ANALYSIS!Campaign spending flies off hill

    Despite the longtime Los Alamos mantra of “buy local” to help struggling businesses remain on the hill, most Los Alamos and White Rock candidates are spending campaign contributions out of town.

    A few candidates have bought items and services from local businesses, but thousands of dollars have flown off the hill.

    Aspen Copies and Office Supplies, Fidel’s Office Supplies and LA Signs and Sound are some of the local businesses missing out on the economic impact of this election season.

  • Update: Blast in Pakistan's Swat Valley kills 5, wounds 58

    MINGORA, Pakistan (AP) — An apparent suicide bombing near a bus terminal in Pakistan's Swat Valley killed five people and wounded at least 58 on Thursday, officials said, a sign that Islamist militants remain active in the northwest region despite a massive army operation.

    The explosion went off around noon in Mingora, the main town in the one-time tourist haven that was largely overrun by Taliban militants in 2007.

  • Update: Stocks fall after weak manufacturing reports

    NEW YORK (AP) — Stocks fell Thursday following new signs that the recovery remains tepid even as companies report strong earnings.

    Regional manufacturing indexes in New York and Philadelphia plummeted this month, but a national report showed modest growth in industrial output nationwide. The government also reported that first-time claims for unemployment benefits fell, but that was largely because of seasonal factors.

  • A look at state foreclosure rates from Jan.-June

    Here is a list of foreclosure rates, by state, from January through June. The ratio shows, for example, that one out of every 17 households in Nevada received a foreclosure notice during this period.

     

    Rate      State       Ratio of foreclosures to   Total properties 

    rank                  households in state        with filings

     

  • Fed eyes steps to bolster recovery

    WASHINGTON— Federal Reserve officials cut their forecasts for growth this year and signaled they stood ready to take new steps to keep the recovery alive if the economy worsens.

    A new document, released Wednesday, revealed a more cautious mood among the Fed policymakers in light of Europe’s debt crisis, a volatile Wall Street, a stalled housing market and high unemployment.

  • County puts brakes on 3M project

    Time has run out for 3M IMTEC.

    On Tuesday night County Councilors terminated the economic development project for Hytec LLC, Imtec Real Estate LLC and 3M Imtec Corporation.

    The vote scuttled a deal in which the county, in 2007, entered into a loan agreement and promissory note with Hytec Inc. for $2.4 million under the county’s Small Business Financial Assistance Program.

    The loan was to be used to build a 20,000-square-foot building. So far, $2,032,475 has been disbursed and $496,581 has been held back pending a certificate of occupancy.