Analysis: New Mexico at Risk of “Economic Death Spiral”
"New Mexico is on the precipice of an 'economic death spiral' as long as it continues conducting 'business as usual' according to an analysis presented at a Jobs Council meeting…" says analyst Mark Lautman.
New Mexico Culture an Economic Hurdle
Businesses will not long create job openings unless job openings are filled with willing and able employees. Businesses which need employees, but which can’t find them in New Mexico, will eventually close or move elsewhere. See the Albuquerque Journal article by Winthrop Quigley.
New Mexico Has Highest Percentage of Young Children on Food Stamps
New Mexico leads the nation in percentage of young kids on food stamps, according to an Albuquerque Journal article by Rick Nathanson published on Oct. 18, 2016. NM has highest percentage of young children on food stamps.
The Regulatory Tide Recedes
“The regulatory wave that has swept the developed world since the 2008 financial crisis may finally be cresting. Recent developments suggest a new recognition by voters and governments that excessive regulation is responsible for the slow economic growth of the past eight years,” writes Peter Wallison.
Work Rate for U.S. Men a Catastrophe
“Men who have chosen not to seek work are two and a half times more numerous than those men that government statistics count as unemployed because they are seeking jobs,” writes George Will.
The Reasons Behind the Obama Non-Recovery
“It wasn’t the severity of the Great Recession that caused the weak recovery, but government policies,” writes Robert Barro, professor of Economics at Harvard University.
Higher Ed Secretary Outlines Challenges for State’s Colleges
This Albuquerque Journal Article reports on statements made by current Higher Education Secretary, Barbara Damron. Ms. Damron outlined challenges facing the state college system in the State of New Mexico.
Overspending for Education Should End Now
Dr. Jose Z. Garcia argues that overspending for education should end now. He compares the sums spent per student in New Mexico with the sums spent per student in other states. Dr Garcia was former N.M. Secretary of Higher Education.
Health of New Mexico Pension Funds Ranked 7th-Worst in Nation
New Mexico’s Educational Retirement Board, which oversees about $11.4 billion in funds, paid out about $350 million more in retirement benefits than it took in from contributions – from both employees and taxpayers – during the 2016 budget year.
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