Investment protection not government’s concern

Freedom New Mexico Victims of Bernard Madoff’s $65 billion Ponzi scheme at least have the satisfaction of knowing the man who ruined their lives will die in prison. In June, he received a 150-year sentence at the age of 71. You may remember U.S. District Judge Denny Chin sent a strong message to investment consultants […]

Measure would promote green jobs

The New Mexican Days remaining in session: 30 Green measures: A pair of bills in the Senate, (SB318) and (SB420), aim to promote green jobs in the state. Sen. Eric G. Griego, D-Albuquerque, is carrying the bills. One would require spending of a minimum of $1 million each year from the Development Training Fund for […]

NM investment lawsuit names former governor aide

By Tim Korte: The Associated Press ALBUQUERQUE — A former state investment officer claims Gov. Bill Richardson’s former chief of staff pressured board members to support $90 million in failed investments because of political considerations. Frank Foy on Tuesday identified David Contarino as the previously undisclosed “John Doe 2” in his lawsuit. Contarino later issued […]

Food market investments helpful, risky

Freedom New Mexico The New York Times reports that in light of the world food crisis, large private investment funds around the world are going beyond placing bets on agricultural commodities like corn, wheat, soybeans and the like. Several are buying farmland, fertilizer, grain elevators, barges and ships. They figure that although the current run-up […]

No ethanol plant for Clovis

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CNJ staff photo: Tony Bullocks ConAgra withdrew its plans to build an ethanol plant near Peavey Grain Elevators located on highway U.S. 60/84 west of Clovis. By Gabriel Monte: CNJ staff writer Plans to build a $200 million ethanol plant on the edge of Clovis have been scrapped. ConAgra foods withdrew its application for an […]

Check your ROI often

By Sandra Taylor-Sawyer: Everybody’s Business In previous columns, I’ve discussed how business owners can use financial ratios to assist in making management decisions. Another important financial ratio in determining success is the return on investment ratio. Business owners should set an ROI goal and review the ratio regularly. A business owner’s desire is to make […]

Protectionist measure hinders investment

By Freedom Newspapers Whenever Congress passes something unanimously you can be sure it is either entirely innocuous or utterly stupid and harmful. In the case of a bill the House passed 423-0, to give the government broader powers to review foreign investments in certain kinds of U.S. industries and facilities, it is the latter. The […]

European tax laws inhibit growth

By Walter Williams: Syndicated columnist Some Americans look to European countries such as France, Germany and its Scandinavian neighbors and suggest that we adopt some of their economic policies. I agree, we should look at Europe for the lessons they can teach us. Dr. Daniel Mitchell, research fellow at the Heritage Foundation, does just that […]

Former Clovis legislator accused of diverting money

The Associated Press ALBUQUERQUE — A former Clovis state representative received about $870,000 in state money that was supposed to benefit a housing program for low- and moderate-income residents, according to a report by the State Investment Council says. Vincent “Smiley” Gallegos, who resigned Aug. 1 as the executive director of the Albuquerque-based Region III […]