New Mexico's investment funds grew by more than $2 billion during the first three months of the year because of strong investment returns.
The Legislative Finance Committee reports state permanent funds and the pension funds of the Public Employees Retirement Association and the Educational Retirement Board had combined asset values of nearly $36.6 billion at the end of March. That's up about $279 million from a year ago.
The PERA had a quarterly return of 8 percent and assets of $12 billion.
The ERB had a return of 7 percent and assets of nearly $9.6 billion.
Portales police have arrest two people involved in what authorities call a sophisticated ring that specialized in helping illegal immigrants obtain fraudulent New Mexico driver's licenses.
Ninth Judicial District Attorney Matthew Chandler announced Wednesday that Veronica Diaz and Jose-Luis Tirado were arrested this weekend for their roles in the scheme. Both are being held on $10,000 cash only bond.
Authorities believe hundreds of licenses have been fraudulently obtained through the ring over the last couple of years for illegal immigrants living outside of New Mexico.
As firefighters continue to battle massive blazes in New Mexico and Colorado, U.S. Forest Service Chief Tom Tidwell is renewing his call to restore forests to a more natural state.
He says a combination of decades of vigorous fire suppression and the waning of the timber industry over environmental concerns has left many forests subject to the kind of super-fires that are now regularly consuming hundreds of homes and millions of acres.
A new online journalism organization called New Mexico In Depth has been established to publish investigative reports and articles on issues ranging from education and health care to politics and poverty.
The news outlet announced Wednesday it's receiving $525,000 over two years from the W.K. Kellogg Foundation and plans to start publishing later this year.
Originally published on Thu June 14, 2012 12:25 pm
Rulings by Egypt's highest court to dissolve the country's parliament and keep a former aide to Hosni Mubarak on the presidential runoff ballot have thrown that country's already shaky democracy into chaos.
Much is still unclear about what was happening.
NPR's Soraya Sarhaddi Nelson tells our Newscast Desk that:
Head to the bookstore or pick up your Nook or Kindle or iPad, and prepare, if you will, to make some decisions about your summer reading life. My suggestions this year tend to be fine new fiction, the kind that not only flows on the page but also makes a sort of music in your mind. So, wordmusic it is! Strike up the orchestra! It's going to be a big summer for big broad American literary voices, voices that leap from the page and linger with you, echo through your summer and perhaps even beyond.