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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Aug 03, 2011
Page
1
Washington awaits a resolution as the FAA partial shutdown stretches into weeks. The government has lost over 200 million in ticket taxes already and could exceed 1 billion if the stalemate continues. The Senate recessed until September while the House remains out.
The Daily Record reports its website will be unavailable on Tuesday due to an outage. Tech teams work to restore services as users face access issues and potential delays in posting updates.
New Mexico coach Mike Locksley expresses confidence in turning around after two 1-11 seasons. He aims to reach a bowl game in year three, citing increased experience and ability. The report notes the Lobos will be without Stump.
President Barack Obama signed legislation to avert a historic default and shield the economy. The truce with Republicans appeared to unravel quickly as markets fell and uncertainty grew. Wall Street stocks dropped amid renewed partisan tensions and looming fiscal battles.
New Mexico senators warn the Washington debt agreement could derail future funding for national labs including a new multibillion dollar nuclear lab at Los Alamos. The plan contemplates deep defense cuts and hinges on a congressional committee to finalize long-term spending.
The Dow Jones fell over 265 points in a sharp market rout, its worst day in more than two months, closing below 12,000 for the first time since June. Analysts cited weak consumer spending and a tepid economy as the driver of renewed losses.
New Mexico Economic Development Cabinet Secretary Jon Barela toured Roswell to gather input for a future job creation bill. He praised the town’s varied base led by oil and energy, dairy, agriculture and aviation, and noted Leprino Foods and New Mexico Military Institute as local economic drivers.
The Chaves County War Memorial project moves forward with construction set to begin this week and a dedication planned for Saturday September 10 at the county courthouse lawn. Veterans and community members helped raise funds including a brick program while Gordian Group costs prompted a switch to FacilityBUILD Commercial Construction Services. The ceremony will feature Iraq War veterans Trujillo and Valles with Rep. Steve Pearce invited.
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