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Today's News

  • Fed bond-buying plan is raising trade tensions

    WASHINGTON (AP) — The Federal Reserve's plan to buy more Treasury bonds has incited critics at home to complain of inevitable high inflation and financial turmoil.

    It turns out many foreigners are pretty angry, too. They say the Fed's $600 billion program is a scheme to give U.S. exporters an unfair edge — one that endangers the global economy.

  • Gov. Richards suspends executive branch hiring

    SANTA FE – Gov. Bill Richardson recently announced he is suspending all Executive Branch hiring for the remainder of the year.
    Gov. Richardson is suspending all hiring during the transition.
    He will leave office Dec. 31 and the administration of Gov.-elect Susana Martinez will take over in the New Year.

  • Bomb rocks Pakistan's largest city killing 10

    KARACHI, Pakistan (AP) — Suspected militants detonated a car bomb in the heart of Pakistan's largest city on Thursday, destroying a police investigation bureau and killing at least 10 people, police and witnesses said.

    The explosion rocked a high-security area of Karachi that is home to the U.S Consulate, two luxury hotels and the offices of government leaders, showing the reach of Islamist militants in the city despite efforts to crack down on them.

  • Powerless cruise ship reaches San Diego Harbor

    SAN DIEGO (AP) — The stricken cruise ship Carnival Splendor has limped into San Diego's harbor, three days after an engine room fire left it without power off the Mexican coast.

    The 952-foot ship reached port Thursday morning, hauled by six tugs and escorted by U.S. Coast Guard cutters.

  • Despite drop in jobless claims, unemployment remains at 9.6 percent

    WASHINGTON (AP) — Fewer people applied for unemployment aid last week, the third drop in four weeks and a sign that more employers are hiring while layoffs are falling.

    If the decline continues, it could signal more hiring in the near future. The report comes after the Labor Department said last week that private employers in October added the most jobs in six months.

  • Martinez threatens to fire appointees who shift jobs

    ALBUQUERQUE, N.M. (AP) — Gov.-elect Susana Martinez is warning that she'll fire political appointees who shift to civil service jobs in the closing weeks of Democratic Gov. Bill Richardson's term.

    The head of Martinez's transition team, Heather Wilson, sent a letter Wednesday urging the Richardson administration to suspend any pending job transfers of appointees into so-called classified jobs.

    The letter reiterated a request that Wilson said she made shortly after the general election.

  • Football: New Mexico Bowl partnering with Pac-12

    ALBUQUERQUE (AP) — The expanded Pac-12 has agreed to send a team to the New Mexico Bowl in 2012 and 2013, pending approval by the NCAA's licensing committee, to play a Mountain West opponent.

    Officials made the announcement Wednesday. The bowl's executive director, Jeff Siembieda, calls it a great opportunity for football fans in New Mexico.

    The Pac-10 is expanding its membership next season from 10 schools to 12, picking up Colorado and Utah.

  • Kurd leader welcomes deal on new Iraqi government

    BAGHDAD (AP) — A top Kurdish leader welcomed on Thursday a tentative deal on a new government keeping Shiite Prime Minister Nouri al-Maliki in his post and breaking an 8-month deadlock. While Sunnis have a role, the deal still thwarts their ambitions for greater political power, raising concerns sectarian violence could persist.

    The deal could be a setback for the United States, which was pushing for a strong Sunni role out of fear that the minority community could slide back into support of Iraq's insurgency if it wasn't given a real say in power.

  • AP-GfK Poll: Public mixed on GOP tax, health plans

    WASHINGTON (AP) — People back Republican tax cut plans but not the GOP campaign to repeal President Barack Obama's health care overhaul, according to a poll suggesting that the Republicans' big Election Day win was not a mandate for the party's legislative wish list.

  • Volleyball: Toppers on a roll heading into Thursday’s pool play

    Garry Maskaly thought his team would do a little better in the pool play round of the 2009 state Class AAAA volleyball tournament.
    At first, Maskaly wondered why his team was struggling with two teams it shouldn’t have had nearly as much trouble with as it did. The next day, the answer became clear.