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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Mar 13, 2010
Page
4
World opinion on banks notes rising shares from lows but warns the sector remains structurally weak. The piece argues for two reform pillars: debt-to-equity haircuts around 20 percent and a clear resolution regime to isolate losses without collapsing payments systems, with regulators empowered to trigger them.
Yi Gang, head of the State Administration of Foreign Exchange, argues China keeps the yuan at a stable level to support trade and cross border exchanges as reserves reach 2.4 trillion dollars. The policy anchors both domestic and global economies amid a global recession and debates over yuan revaluation continue.
Penny E. Minton, a psychology major and senior at Pittsburg State University in Pittsburg Kansas, earned Dean's List honors. She is the daughter of Adeline E. Lair of Roswell. Roswell Evening Optimist Club names essay contest winners Debbie Hadley Audrey Thomas and Darryl Bowe.
The piece surveys how New Mexico and other states face budget gaps amid the Great Recession. It notes the Roundhouse tax increases and agency cuts seen as the best of bad options, with similar miseries in Arizona Oregon Nevada and Tennessee. It cites multi‑billion gaps in California New York and Kentucky and warns that deficits may worsen in FY 2011.
A year into his term President Obama faces a public rebuke from Israel after Prime Minister Netanyahu's government announced 1600 new homes in East Jerusalem. Biden's high level visit highlighted strain as Washington condemned the move and sought to resume peace talks amid political pressure at home.
An executive from Sierra Nevada Corp asks why a 20000 contribution to Rep. Visclosky is needed amid PMA lobbying ties. The House Ethics Committee cleared Visclosky and six others, citing no direct quid pro quo evidence. Critics warn the ruling loosens boundaries and invites greater influence in policy.
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