Roswell Daily Record
Glitch causes big stock swings
Vol. 121, No. 184 75¢ Daily / $1.25 Sunday
INSIDE NEWS
GORE VIDAL DEAD
UNDATED (AP) — A technical glitch on the stock market caused sharp swings in dozens of stocks early Wednesday, causing confusion and disarray in the first hour of trading. It was the latest breakdown in the increasingly complicated electronic systems that run stock trading, which have been showing signs of strain as more traders and big investment firms use powerful comput-
THE VOICE OF THE PECOS VALLEY
August 2, 2012
THURSDAY
www.rdrnews.com
ers to carry out trades in mere fractions of a second. Coming less than three months after a snafu tarnished the debut of Facebook, the latest bug on Wall Street threatens to further erode investors’ confidence in U.S. financial markets, experts say. The problems began when dozens of stocks started moving up and down by wide margins for no apparent reason. Aber-
crombie & Fitch jumped 9 percent within minutes, hitting $36.75 after closing the night before at $33.80. Harley-Davidson suddenly fell 12 percent, to $37.84 from $43.23. Wizzard Software shot up above $14 after closing the night before at $3.50, according to data compiled by FactSet. See GLITCH, Page A3
AP Photo
LOS ANGELES (AP) — Gore Vidal, the author, playwright, politician and commentator whose novels, essays, plays and opinions were stamped by his immodest wit and unconventional wisdom, died Tuesday, his nephew said. Along with such contemporaries as Norman Mailer and Truman Capote, Vidal was among the ... - PAGE A6
TOP 5 WEB
For The Past 24 Hours
• We’re in the running • Sheriff arrests suspect in Odessa murder • Damron visits GOP’s Volunteer Center • Memory Lawn rehab progresses • Noon Op set for trip to regionals
INSIDE SPORTS
Mark Wilson Photo
The New Mexico Little League District 2, Noon Optimist champions stand for the national anthem at Lawrence Brothers IGA as city officials, family and friends cheer them on as they prepare to travel to Albuquerque for the Southwest Regional Tournament, Wednesday morning.
Noon Optimist team heads to tourney CHAUNTE'L POWELL RECORD STAFF WRITER
It was a grand send-off for the New Mexico Little League District 2, Noon Optimist champions. Friends, family and even Mayor Del Jurney were in
‘MY MOMMY WON! YAY!’
HAMPTON COURT, England (AP) — Kristin Armstrong knew she was the favorite to win time trial gold in cycling at the Beijing Olympics. But when she looked at the start list in London, she counted nine riders with a shot. In the end, there was only one. The defending champion blistered an 18-mile course south of London on Wednesday to win her second straight gold medal. Her time of 37 minutes, 34.82 seconds was more than 15 seconds better than world champion Judith Arndt of Germany, who took silver. - PAGE B1
TODAY’S OBITUARY
• Delia Earline Lee - PAGE A6
HIGH .104˚ LOW ....72˚
TODAY’S FORECAST
CLASSIFIEDS..........B6 COMICS.................B4 FAIR RESULTS ........A6 FINANCIAL .............B5 GENERAL ..............A2 HOROSCOPES ........A8 LOTTERIES ............A2 OPINION ................A4 SPORTS ................B1 WEATHER ..............A8
INDEX
attendance, Wednesday, to congratulate the team and wish them luck as they head up to Albuquerque to compete in the Southwester n Regional Tournament. The celebration took place in the parking lot of the
Lawrence Brothers IGA on West Second Street. Jurney read a proclamation to the excited crowd, describing the team as “a well disciplined program that takes pride in playing fundamentally solid baseball and striving
for constant improvement” before declaring Aug. 1 Noon Optimist Juniors All-Stars Day. Coach George Farmer commended his team for their ef forts both as players
Impact bidding closes today
Very soon, Roswell will have to bid a sweet farewell to a business which was once among the city’s largest employers. Online auctioneer fre.com has listed Impact Confections’ former manufacturing plant in Roswell for sale. The plant, originally built in 1973, closed in 2011 after 30 years of operation. The minimum bid on the nearly 104,000-square-foot property, at 3701 S. Main St., is $899,000. The lot size is listed as 21.5 acres. Fre.com describes the commercial property as lending itself well to “food processing, manufacturing, or warehousing/distribution.” The site features three loading docks, seven overhead doors, 600 parking stalls, around 6,350 square feet of office build-out, to include adminstrative of fices, bathrooms and locker rooms, and is described as being in excellent condition. The property can be viewed at fre.com/132. Bidding will close today at 5 p.m.
Horse owners support 3rd party longshots can be spoilers NM horse abattoir
ALBUQUERQUE (AP) — A group of horse owners and clubs is urging the governor to support a proposed horse slaughterhouse in Roswell, saying the closing of domestic facilities five years ago has caused “needless suffering under the cruelest of conditions.” The New Mexico Horse Council, which represents more than 200 horse owners and 30 horse clubs, sent the governor a letter, saying an informal survey of its members showed 94 percent favor humane slaughter. “Horses deserve better than to be abandoned,
starved, or transported long distances in overcrowded trucks to slaughter in foreign countries,” the letter from council President Rusty Cook said, noting rescue facilities are unable to care for all the unwanted horses. Gov. Susana Martinez and a number of equine and animal humane groups have been vocal opponents of the plan by a businessman to open what could be the first horse slaughterhouse in the country since Congress restored funding for inspections of such
WASHINGTON (AP) — Gary Johnson of the Libertarian Party and Virgil Goode of the Constitution Party are on quixotic runs for the presidency. While they are long shots, they conceivably stand a chance at influencing the election.
Until recently both were Republican officeholders — Johnson as a two-term governor of New Mexico and Goode as a congressman from Virginia. With their ability to draw at least a sliver of the electorate, President Barack Obama’s political team sees them as potentially unwilling allies who could steal votes from rival Mitt
See TOURNEY, Page A3
Romney and help the president to victory in a few tightly contested states. Goode served six terms in the House and is gathering signatures to appear on the ballot in his home state. He’s already on the ballot in more than a dozen other states with an anti-immigration, pro-term limit platform he hopes makes a dent with the electorate. It’s not likely to be much of a dent, but could be enough in Virginia for Obama campaign officials to take close notice. Johnson, who ran for president as a Republican last year before dropping
AP Photo
Libertarian Party presidential candidate Gary Johnson speaks in Orlando, Fla., Sept. 23.
out ahead of the primaries, is seen as a potential See SPOILERS, Page A3
Hopeful hostel hostess to SKorea TV crew films ‘UFO town’ hold open house Saturday N V See HORSE, Page A3
OAH
ERNAU
RECORD STAFF WRITER
A production team from Korean Broadcasting System is in town this week to film a short documentary about Roswell, which will air on a series titled “The World is Now” in mid-August for Korean audiences across the globe. With three TV channels, seven radio stations and 11 overseas bureaus, KBS is South Korea’s Mark Wilson Photo leading public services broadcaster, and is the Korean Broadcasting System journalists Taehyun Lee and largest of the country’s Nam Y. Cho are filmed by colleague Sanghoon Lee during a meeting with city officials at the Roswell Chamber of See UFO, Page A2 Commerce, Wednesday morning.
JESSICA PALMER RECORD STAFF WRITER
Vanessa Juarez has come up with a novel way to entice tourist dollars to Roswell by providing lowcost accommodation to travelers. She was inspired when she went to Washington, D.C., to attend classes and stayed in a hostel. “I thought it was a great idea and we needed one here.” Juarez retur ned to Roswell to make her dream a reality. She located a former homeless shelter at 400 S. Michigan Ave. for sale and purchased it. The shelter was ready for
occupation. It had 10 to 11 cubicles, with individual beds, shower and bath facilities, a kitchen, a laundry room and common area or social room, complete with television where people can congregate inside. Later, she discovered the zoning restrictions. “People were amazed that I didn’t know about zoning. I’m 27 years old, what do I know about zoning?” Director of Planning and Zoning Michael Vickers explained that the area is zoned residential. The homeless shelter which was See HOSTEL, Page A2