Roswell Daily Record
Vol. 121, No. 221 75¢ Daily / $1.25 Sunday
INSIDE NEWS
CRACKDOWN ON SUGARY DRINKS IN NY
NEW YORK (AP) — New York City cracked down on the sale of supersized sodas and other sugary drinks Thursday in what was celebrated by some as a groundbreaking attempt to curb obesity but condemned by others as a blatant intrusion into people’s lives by a busybody mayor. - PAGE A6
THE VOICE OF THE PECOS VALLEY
September 14, 2012
Fed unveils bold steps to aid economy WASHINGTON (AP) — Alarmed by the chronically weak U.S. economy, the Federal Reserve launched an aggressive new effort Thursday to boost the stock market and make borrowing cheaper for years to come. And it made clear it won’t stop there and is ready to try other stimulative measures if hiring doesn’t pick up. Stock prices rocketed up in approval. But economists said the Fed’s plans to buy mortgage bonds for as long as it deems necessary and to keep interest rates at record lows until mid-2015 — six months longer than previously planned — might provide little benefit to the econo-
FRIDAY
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my. Chairman Ben Bernanke himself cautioned that the Fed’s actions are no panacea for slow growth and high unemployment, and said the economy will probably need help even after the recovery strengthens. “The idea is to quicken the recovery,” Bernanke said at a news conference after the Fed lowered its outlook for growth this year. As part of its bold and open-ended plan, the Fed said it would spend $40 billion a month to buy mortgage bonds to make home buying more affordable. That will be the third round of bond-buying in an effort to spur the economy,
and the Fed left open the possibility of taking other steps to encourage borrowing and financial risk-taking. Stock prices rose steadily after the Fed’s announcement at 12:30 p.m. Eastern time. The Dow Jones industrial average closed up more than 200 points, coming within 625 points — or 4.6 percent — of its all-time high. Other stock averages also surged. The Fed’s policy committee announced the actions after its monthly two-day meeting. The moves pointed to how sluggish the U.S. and global economies remain more than three See FED, Page A3
AP Photo
Federal Reserve Chairman Ben Bernanke speaks during a news conference in Washington, Thursday, following the Federal Open Market Committee meeting to present the FOMC’s current economic projections and to provide additional context for the FOMC’s policy decision.
City Council all business
TOP 5 WEB
For The Past 24 Hours
• Assurance Home, helping troubled ... • Alliance pickets Muni Court • RPD hosts 2-day class on meth labs • Sheriff arrests burglary suspect • Peachtree Village ...
JULIA BERGMAN RECORD STAFF WRITER
INSIDE SPORTS
Mark Wilson Photo
MainStreet Roswell’s Alive After Five a hoot Spring River Zoo resident Frodo watches the goings-on during MainStreet Roswell's Alive After 5, Thursday.
JULIA BERGMAN RECORD STAFF WRITER
ROSWELL GIRLS TOP PORTALES
Sometimes the score of the game does not reflect the true outcome. The Roswell High girls soccer team took on the Portales Rams, in what people who did not attend the game would think was just a 2-0 win for the Coyotes. In all actuality the Coyotes were much better than ... - PAGE B1
TODAY’S OBITUARIES
• Harold Franks • Daniel Ramirez - PAGE A6
HIGH ...75˚ LOW ....49˚
TODAY’S FORECAST
CLASSIFIEDS..........B6 COMICS.................B4 FINANCIAL .............B5 GENERAL ..............C4 HOROSCOPES ........A8 LOTTERIES ............A2 OPINION ................A4 SPORTS ................B2 WEATHER ..............A8
INDEX
As she licked her fingers dripping with salsa, Mary Edwards held up her burrito pronouncing, “it’s really good, really
good.” A few minutes later, she shouted out, “I had to get another,” waving a second burrito delicately wrapped in tin foil in the air. Trickling rain, cooler than-usual temperatures
and gray skies did not discourage a small but steady flow of Roswellites from coming alive after five Thursday evening. Even the Spring River Park and Zoo’s owl made the trek.
MainStreet Roswell brought Saturday’s Farmers/Gardeners Market to the streets Thursday evening as part of its Alive See HOOT, Page A3
In a 6-2 vote, the City Council approved modifications to the municipal judge qualifications, removing the requirement of an associate degree and replacing it with a high school diploma or GED, rendering the education standards equivalent to those for Chaves County Magistrate Court judges. Councilors Jason Perry and Jeanine Corn-Best voted against the modifications. Councilors Elena Velasquez and Juan Oropesa were absent from the meeting. The change in qualifications will be effective for the next municipal election or appointment of a municipal judge. Resident Kevin Roe spoke in opposition to the See BUSINESS, Page A3
Obama, Romney talk Libya says crowd protest was a economy, foreign policy cover for consulate attack
FAIRFAX, Va. (AP) — Republican Mitt Romney accused President Barack Obama on Thursday of “failing American workers” by ignoring Chinese trade violations, and seized on new Federal Reserve attempts to boost the economy as proof the administration’s policies are not working. Obama campaigned as commander in chief after the violent deaths of four U.S. officials at a diplomatic post in Libya. “No act of terror will go unpunished ... no act of violence shakes the resolve of the United States of America,” he said. The president spoke in Colorado and Romney in
Virginia with less than eight weeks remaining in a close campaign for the White House in tough economic times. The two states are among a handful likely to settle the race, and most polls rate Obama a shaky favorite. With campaign costs mounting, Romney and Obama competed for the most innovative fundraising appeal. The Republican challenger’s campaign urged people in an email to make a $15 donation for a chance to join “Mitt on board the campaign plane
JULIA BERGMAN RECORD STAFF WRITER
mor ning on her way to Tatum. Wilson’s visit also came on the heels of a poll, conducted by Public Policy Polling, that shows Heinrich leading in the state 5041.
See TALK, Page A3
BENGHAZI, Libya (AP) — Heavily armed militants used a protest of an anti-Islam film as a cover and may have had help from inside Libyan security in their deadly attack on the U.S. Consulate, a senior Libyan official said Thursday. As Libya announced the first four arrests, the clearest picture yet emerged of a twopronged assault with militants screaming “God is great!” as they scaled the consulate’s outer walls and descended on the compound’s main buildAP Photo ing. The rampage killed the U.S. A Libyan man holds a placard, Wednesday, in English during a demonstration against the attack on the U.S. consulate that killed four Americans, including the See LIBYA, Page A3 ambassador, in Benghazi, Libya.
Senate candidate Heather Wilson: ‘Government cannot create wealth’ Following the release of a Census Bureau report revealing New Mexico as the most impoverished state nationwide, Republican Senate candidate Heather Wilson discussed the stark disparities between her economic plan and that of her contender, Democratic Congressman Martin Heinrich, during a stop in Roswell Thursday
“Mr. Heinrich and I just have very strong disagreements on how to go forward and how to get out of what has been the longest run of high unemployment since the (Great Depression),” Wilson said. “We’re over 8 percent as an unemploy-
ment rate and that doesn’t count the people who have given up.”
Citing August job numbers — 96,000 new jobs were added last month — Wilson said, “For every one person who got a job, four people gave up looking. That was the heartbreaking part of it. We’ve got to change direction.” Touching on the country’s more than $16 trillion debt, which she noted was larger than the size of our econo-
my, Wilson said, “This is unsustainable. This is roughly where Greece was in 2008, as a ratio of debt to the size of our economy.”
With less than 60 days until the election, Wilson positioned herself as the alternative to Heinrich’s of ferings, which she described as increased debt, higher taxes and more government spending. She spoke of controlling spending and her support of private sector economic
growth, which she says, is “where real jobs come from.” Wilson is also in favor of a balanced budget amendment to the Constitution. “Government cannot create wealth. It can create the conditions for small businesses and entrepreneurs to invest and create jobs,” she said, which for Wilson translates to low taxes. She See WILSON, Page A3