Today's News

  • Bautista moves on to semis

    Defending state women’s champion Marisa Bautista knocked off top local player Tami Martinson to move on to the semifinals of the women’s New Mexico State Amateur Championship tournament.
    Bautista topped Martinson 3 and 2 to move on to the semifinals of the tournament, which is being played at Los Alamos Golf Course. The tournament continues through Thursday.
    A pair of matches in Tuesday’s first round were decided by scores of 3 and 2 while the other two contests went right down to the wire.

  • Economic conditions whipsaw investors worldwide

    LONDON (AP) — Concerns over the financial health of Europe's banks and the state of the U.S. economy sent stocks sharply lower Tuesday, a day after the Federal Reserve's pledge to keep extremely low interest rates for two more years temporarily calmed market jitters.

    Shares in French banks took a particular pummeling in mid-afternoon trading on the Paris stock exchange on renewed market worries over France's bond rating and the European debt crisis. French bank Societe Generale's shares plunged more than 20 percent at one point, while stock in BNP Paribas was off nearly 10 percent and Credit Agricole fell more than 14 percent.

  • Cameron: UK won't let 'culture of fear' take over

    LONDON (AP) — Britain will not allow a culture of fear to take over the streets, Prime Minister David Cameron insisted Wednesday, saying police have drawn up contingency plans to use water cannons if necessary.

    "We will do whatever is necessary to restore law and order onto our streets," Cameron said in a somber televised statement. "Nothing is off the table."

    Cameron has already recalled Parliament from its summer recess for an emergency debate on the riots Thursday.

    Thousands of extra police officers on the streets kept a nervous London quiet Tuesday night after three nights of rioting, but looting flared in Manchester and Birmingham, where a murder probe was opened when three men were killed after being hit by a car.

  • US stock futures fall after best day since 2009

    NEW YORK (AP) — U.S. stock futures fell Wednesday as markets remain shaky in what has been a volatile week.

    The Dow Jones industrial average surged on Tuesday to its biggest gain since 2009 after the Federal Reserve pledged to keep its key interest rate at nearly zero into 2013. The central bank also said it considered other "policy tools" to spur economic growth. Some investors took that to mean that more stimulus may be coming.

    But the Fed's statement included a dim outlook on the economy's strength. It said growth this year has been "considerably slower" than it expected and that it anticipates a slower pace of recovery over coming quarters.

  • Kirk is OK following back surgery

    Former Los Alamos Hilltopper basketball standout Alex Kirk underwent back surgery Tuesday.

    Kirk, who will be going into his sophomore year at the University of New Mexico, now plays for the Lobos.

    The surgery was performed in Phoenix and the 6-foot-11 center was resting comfortably afterwards.

    Lobo head coach Steve Alford said Tuesday Kirk had undergone “very successful back surgery to relieve a herniated disc….We fully expect that Alex will recover 100 percent.”

    Alan Kirk, Alex Kirk’s father and his high school coach, is with his son in Phoenix and said the surgery went well, although it was unclear how much rehabilitation Alex would need before returning.

  • Debt panel members face conflicting pressures

    WASHINGTON (AP) — Before even getting down to work, members of Congress' new debt-reduction supercommittee face pressures to rally behind partisan principles and to find even more savings than planned.

    House and Senate Republican leaders named their six appointees to the 12-member panel on Wednesday, a mix of partisans and pragmatists, veterans and freshmen. Senate Democrats named their three participants on Tuesday, leaving House Minority Leader Nancy Pelosi, D-Calif., to make her selections by next week.

    Members of both parties said the job of whittling down the government's enormous debt was urgent, yet critics expressed little hope that the bipartisan panel would be able to overcome stark political divides.

  • LANL to host two meetings

    The Los Alamos National Laboratory will hold two public meetings in the next six days.

    At 5:30 Wednesday night at Fuller Lodge, LANL will host an informational meeting, regarding the Hazardous Waste Permit Modification Request for the planned Transuranic Waste Facility. This meeting was originally scheduled for June 27 but was postponed because of the Las Conchas Fire.

    LANL will submit a request to the New  Mexico Environment Department to operate a transuranic waste container storage facility at Technical Area 63. The facility would replace current storage facilities at TA-54. The meeting will describe the planned facility and the permit modification system.

  • Perry seeking to change dynamics of GOP race

    DES MOINES, Iowa (AP) — Though he's not officially a candidate, Texas Gov. Rick Perry's visits this weekend to three important presidential nominating states threaten to overshadow any lift his would-be rivals hope to gain from a big week in Iowa.

    Perry's expected entrance into the Republican race looms large over Saturday's Iowa straw poll and a nationally televised debate two days earlier — and he's not participating in either event. His all-but-certain bid comes as polls show the GOP electorate underwhelmed with the current crop of candidates as they seek someone strong to challenge President Barack Obama next fall.

  • Fed to keep interest rate near zero for 2 years

    WASHINGTON (AP) — The Federal Reserve sketched a dim outlook for the economy Tuesday, suggesting it will remain weak for two more years. As a result, the Fed said it expects to keep its key interest rate near zero through mid-2013.

    It's the first time the Fed has pegged its "exceptionally low" rates to a specific date. The Fed had previously said only that it would keep its key rate at record lows for "an extended period."

    The Fed announced no new efforts to energize the economy in its statement released after its one-day policy meeting. But the statement held out the promise of lower rates on mortgages and other consumer loans longer than many had assumed.

  • Dow rallies after Fed statement, up 429 points--video extra

    NEW YORK (AP) — Stocks are rising at the closing of trading after the Federal Reserve said it has discussed policy moves it can make to spur the economy. The Fed also said growth has been slower than expected.

    The Dow Jones industrial average is closing up 429 points, or 4 percent, to 11,239.77.

    Stocks rallied in the last hour of trading. Stocks initially fell after the Fed made its statement, which included a pledge to keep interest rates at their record low until at least the middle of 2013.

    The S&P 500 is up 53, or 4.7 percent , to 1,172.53. The Nasdaq is up 124, or 5.3 percent, to 2,482.52