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Hidalgo County Herald
Lordsburg, New Mexico
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April 24, 2009     Hidalgo County Herald
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April 24, 2009
 

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11!Bill II,HJilllllllll illillllmnlilmHmmln ulJ m l mmllJl HIDALGO COUNTY HERALD FRIDAY, APRIL 24, 2009 3 Letters to the Editor The Hidalgo County Her- aid urges readers to voice their opin- ions by writing in. Letters can be mailed to 212 E. Motel Drive. Sty. B, or can be e-mailed to hcherald@aznex.net. Only let- ters that are signed by the au- thor will be considered for publication. All letters that are published should be consid- ered the opinion of the author. and not necessarily that of the Hidalgo County Herald. Read- ers are encouraged to practice their First Amendment right of free speech. PERA woes Letter to the Editor: Recently there has been con- siderable media coverage con- cerning the losses incurred by :the investment portfolio of the Public Employees Retirement '-Association (PERA) during 2008. As indicated by the re- ports, the performance for the year was disappointing with the market value decreasing by nearly 32%. There are certainly reasons for these market losses which in- clude severe downturns in the FA Julian Flores stock and bond markets, a sig- nificant weighting to stocks and investment managers who underperformed their bench- marks. PERA is not alone in be- ing affected by the market: A majority of public pension funds nationwide have experienced losses not seen in the last 50 years. Financial experts point out the recent market downturns we are experiencing are extraor- dinary and are not part of nor- mal market cycles. The PERA Board and staff have been monitoring the fund's investments closely and are tak- ing steps to Mter the portfolio for the future. During the past 18 months, we have terminated 10 investment management re- lationships where the manager underperformed their bench- mark. We have made the effort to reduce our exposure to both the U.S. and international stock markets from 65% of the port- folio to 47%. We" have in- creased our allocations to bonds and cash which will limit future losses should the stock markets turn down again. The Board is also studying our asset allocation in order to position the znvestment portfo- lio for the future to be able to take advantage of gains when the markets do turn around while maintaining an acceptable level of risk. We all need to keep in mind that PERA is a long-term inves- tor and decisions are made for a long-term investment horizon. Short-term. significant losses such as we have experienced are painful but not terminal. Even with the poor performance PERA had during 2008, the fund has ,earned an annualized return of 6.98% over the past 15 years which puts us in the top quartile of our peers. PERA's focus is to look at returns over extended periods and not one-year periods. If the markets trend up from here, this would make PERA successful in obtaining our goal of earn- ing 8% per year over the long- means that PERA has enough assets to meet its obligations for many years to come. Secondly, it means that we have the time to wait the mar- kets out and not panic, selling assets at depressed prices that are historically low. but to pa- tiently and prudently structure bur portfolio to take advantage of future gains to accumulate the assets to pay current work- ers their monthly benefits when they retire five. 10, 20 or 25 years or more into the future. This cushion gives PERA ample time to work with the leg- islature to better address fund- ing and solvency issues impact- ing the fund over the long-term instead of taking short-term re- actions today that may have un- intended consequences tomor- row. PERA is and will continue to be a stable asset to its mem- bers, affiliates and communities throughout New Mexico. Sincerely, Cynthia D. Borrego PERA Board Chair Santa Fe, NM Senior Citizens Lunch Menu Monday, April 27 Chicken Spaghetti Beets Green Salad & Dressing Garlic Bread Peaches Tuesday, April 28 Glazed Ham -Baked Sweet Potato Buttered Asparagus Wheat Roll & Margarine Pineapple Upside-Down Cake Wednesday, April 29 Carne Adovada Spanish Rice Country Blend Vegetables Flour Tortillas " Red Jell-O/Apples Thursday, April 30 Pigs in a Blanket Tater Tots Chuckwagon Blend Vegetables Fruit Cocktail Lordsburg Schools host Fine Arts Day A Fine Arts Day was held re- cently at Central Elementary School in Lordsburg, where stu- dents were exposed to a vari- ety of area talent, from paint- ings,.to sculptures to musical ability. Pictured above are Fine Arts Day organizer and LMS music isntructor Sherrie Connor, pianist Travis Lunt of Duncan, pianist Garret Massey of Animas and his piano instruc- tor, Melodie Richins. At right, lo- cal artist Lorenzo Alba had a few of his vibrant paintings on display for the event. Photos courtesy JEANNE LA also rec fense R FA in Natc: the US brier. F,~ term. Friday, May 1 MARCAJLordsburg Flores2raduates Mos, im o.ta.t,y. .o menu ava.a.,e '--- T _.___ retirees anglbeneficiariesshould Antelope CoaitGuard not worryaboutthestabilityof Wells PO rs cha their pensions. Currently, SE AZ Fin Art nd Photography Show PERA has over $8.5 billion in Bas bTraining assets. Our actuary has pro- off nce to wnn' vacatnon' . jected that the total value of all . the payments we will maketo tO'- recelev ' " our current retirees and benefi- ii.; Submitted by LISA GLENN/ free to the public and is open Artists' R eception,Saturda af- w.. Julian Mareos :Fiches ;has., 41arfes" "is $7.7' bill ori: "Tlai:s '. ,graduated from theUnited States means two things. First it$15~'= mili0nil Willcox, Az ..... "" Friday, April 24-9:00A.M. to ,ternoon from 2:00 io'~Si()0 PIM. Coast Guard's basic training. The Southeast Arizona Fine 3:00 P.M., Saturday, April 25 - The art show is at the Willc0x Fir,',man Apprentice (FA) Art and Photography Show this 1.0:00 A.M. to 5:00 P.M., and Community Center. 312 W. "Flores nrolled in the United weekend offers not only a won- Sunday, April 26 - !0:00 A.M. Stewart Street. iStates Coast Guard's basic train- Continued from Page I derful opportunity to view to 3:00 P.M. There will be an ing in C ape May, New Jersey, on many fine works of art and pho- Februar2' 24, 2009. He graduated eating to Antelope Wells will be- tography and a chance to pur- I Advertisin in the with Cc,mpany Foxtrot-tSl on gin to address long overdue re- April lq, 2009. pairs that will help boost the se- chase some of them, but also a [ Fo trot-181 consisted of 88 curity of our borders," said chance to win a free night of t Hidal 0 C0untv recruits FA Flores received an Teague. "I voted for the stimulus relaxation at the Dream Catcher [ l/ ;If award p'esented by Captain Tho- package not only to create jobs Bed and Breakfast in Pear ce! | | mas for ttaining the highest over- and get our economy back on The gift certificate can be used 1 J JLlk,l ]k JL IJL/ VISA all acacemic average. He also track, but also to address the many any time of the week and in- [ IS than Pvor! took rt in the Recruit Drill challenges our nation faces today eludes a free dinner and break- [ ...... Team, vhich performed at the Jack Holm. former resident of like the problems along the US- graduati on ceremony. FA Flores Lordsburg, passed away on Sun= Mexico border." fast. (You can view the Dream Catcher Bed and Breakfast at dreamcatcherbnb.com) Largest Inventory of Quality The Southeast Arizona Fine Vehicl i Art and Photography Show is es n Flowin ' Tucson, eived the National De- bbon. Flores will be stationed lea. Mississippi, aboard '.cast Guard Cutter Green- Flores graduated from Wells High School in Arizona, in 2007. He is )f Oscar and Anna Flores day, April 19. 2009. Arrangements are being made by Baca's Funeral home in Deming, NM. A full obituary will be in next week's paper. Also in early April, the De- partment of Homeland Security announced it would be releasing $2.4 million for improvements to the Columbus Port of Entry. , the son NOTICE OF PROPERTY TAX DELINQUENCY Notice is hereby given pursuant to the provisions of the Property Tax Code :~aT;s~:nf Ar ::7'aa dMtahre that the second installment of property taxes due which is required to be paid .g . y , , . , "Ftores of Lordsburg and to the treasurer of this county will become dehnquent if not paid before May : 7 aLarnffsbhe late Chilo l l, 2009. If the second installment is not paid before May 11, 2009, then the g" II tax is delinquent and interest at the rate of one (1) percent a month or a Email us at I fraction of the month is imposed as well as penalty of one (1) percent of the !t hcheralO@ I delinquent taxes for each month or any portion of a month they remain !t . I unpaid The total penalty shall not exceed five (5) percent of the delinquent azne^.ll t .I taxes. ' t or give us a call at I IV(' (~rn~(,hn 575.542.8705 I Hidalgo County Treasurer ! VHER D .=t .u, mt,= : ew Mexico Press " , . '] e:o a X:M:2ber """' I v ,pralsals:..7-1ome, anch CommerctaU :[Hidalgo County Herald (USPS 020697) is published weekly bYl I --^-. ,, .,.L o...r,n .. UgO L. Otll ~1[ ~DI~, ~ Datlh lHidalgo[_ _CountY Herald !n the City of Lordsburg, County of Hidalgo, I I . " Drive, Suite B, Lordsburg, New Mexico 88045-1948,I I P ramld Shadows acres 152 issues a year. Subscription rates vary. Subscription rate is $301 I " "" ' ..... l :]per yeal. Flequests for corrections and complaints concerning newsI I l yramlll-l lxer upper. and edRorial, content of the Hidalgo County Herald should be di- 505 East 'E' Street Ira2dedd Orth fftOernFOfr uhr Hirdinfo gU:ntyHth:ldH?)g;oldg:udt ] I .... _ IHerald's approved.grievance policies, readexs may contact the pub-I I 59 Lee lrevlno Uorner Lot. lUsher ~ny unsolicited manuscripts become the property oi thel I ...... -_, ,,_:,,- ........ ~L, Olillllt~l'Uli:ll DUIItLiI[I~ Oil gUU~ IHi a go County Herald and will not be returned. AIt inforrn tion con-I I g l n is copyrighted 2009 by the dalgo County Herald. A,I I block of Shakespeare lphotos/ tories, unless stated, are written by our staff. POSTMAS-I I ITER: S nd address changes to Hidalgo County Herald, 212 EMo-I I . . Ite, Dr e 13, Lordsburg, NM 88(J45 riodicals Postage I I p a 1 9 a n o I Paid at Lordsburg, New Mexico. ' I I _ . _ PUBLISHER/EDITOR.', II [,2 e a I I=.sta t e BrendaHood I I ADVERTISING MANAGER: Glenda Greene I I Appraisals & Rentals :":~ ~/~ ~r& @@~Q Don Kerr.Real Estate Broker & Certified Appraisal PHONE' 575-542-8705 I I Property Management ........ "~A~ff ~7g g,dg.R7t~,l I I uonna ~angers~ey, Licensea appraiser/Assoc, t~ro~er .... E-MAIL hcherald@aznex.net I I Check out these great deals on used 1recks! 1989 Jeep Wrangler] 2000 Ford F-2501 . 2006 Ford F-150I 1999 Ford F-250 2001 Ford Escape I 2007 T0yota Tundra I 2006 Dodge Ram 1500 I 2004 Ford Explorer [ 1992 Chev. PU 1996 Ford F-250 I 2006 Ford F350 Dually I ~! ~i'~200~Ford Taurus " ;'! I 2008 Ford Focus [ 2008 Mercury Milan I 2008 Ford Fusion I 2006 Pontiac G6 I 2004 Cadillac DeVille I II 'r~~~ FORD INC..,,,~..4,~,23~,~?o,,,.., Email us at hcherald@ aznex.net or give us a call at 575.542.8705 !