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JOBS. WITH NEWS OF ONE OF ALBUQUERQUE'S LARGEST HOME BUILDERS LEAVING TOWN... SOME ARE WOND...  More »

JOBS. WITH NEWS OF ONE OF ALBUQUERQUE'S LARGEST HOME BUILDERS LEAVING TOWN... SOME ARE WONDERING IF THIS IS A SIGN OF THINGS TO COME. ONE LOCAL ECONOMIST SAYS TODAY WAS A BAD DAY FOR THE ECONOMY ... AND THINGS MAY NOT IMPROVE ANY TIME SOON. CRIS ORNELAS IS LIVE DOWNTOWN WITH OUR TOP STORY. K-B HOMES IS PULLING OUT AND LEAVING 50 PEOPLE UNEMPLOYED. BUT EXPERTS AREN'T AS CONCERNED ABOUT THE LOSS OF JOBS AS THEY ARE ABOUT WHAT THIS COULD MEAN FOR THE ROAD AHEAD. 20:41-20:42 'things are tough and getting tougher'WE SPOKE TO SENIOR ECONOMIST LARRY WALDMAN ABOUT A SLEW OF NEGATIVE ECONOMIC NEWS TODAY. K-B HOMES ANNOUNCED TODAY THEIR SMALLER OPERATIONS IN ALBUQUERQUE, CHICAGO AND THE MID-ATLANTIC ARE ALL CLOSING. MEANWHILE K-B'S CEO GOT A 24 MILLION DOLLAR SALARY LAST YEAR AS HIS COMPANY LOST 900-MILLION. 23:11-23:19 'some folks were very upset about the ceo's compensation but that seems to be fairly common' ANOTHER BAD SIGN ... EMBATTLED THORNBURG MORTGAGE TOOK ANOTHER HIT TODAY. THE SANTA FE BASED LENDER'S STOCK PRICE PLUMMETED BY 56 PERCENT. 20:45-20:53 'I didn't think thornburg was gonna be in trouble but evidently they are in serious trouble'AND MORE GLOOMY SIGNS: JOB GROWTH IN NEW MEXICO IS NEARLY STAGNANT. 29:54- 29:58 'that's right now ... the job market does not look good for the next year'AND LETS NOT FORGET THE DOW FELL MORE THAN 200 POINTS TODAY. WALDMAN SAYS HE'S NEVER SCENE SO MUCH BAD ECONOMIC NEWS IN ONE DAY. 33:10-33:18 'this is a new situation for our economy a new situation one we've never faced before' PUT IT ALL TOGETHER AND IT PAINTS A GRIM ECONOMIC PICTURE FOR THE SHORT TERM. 31:37-31:46 'I hate to be a pessimist I try and be as optimistic as I can but I don't have a lot real optimism right now' AS FOR KB HOMES -- A SPOKESWOMAN SAYS ALL WARRANTIES ON THEIR HOMES WILL BE HONORED AND COMMUNITIES ALREADY UNDER CONSTRUCTION WILL BE FINISHED. THEY SAY THE STILL HAVEN'T DECIDED WHAT TO DO WITH THE UNDEVELOPED LAND THEY OWN HERE. NOW TO A TRAFFIC  « Less