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My Time: Boy Scouts to hike mountains in New Mexico - CapitalGazette.com

New Mexico News from Google ... - Mon, 2014-07-07 12:12

My Time: Boy Scouts to hike mountains in New Mexico
CapitalGazette.com
A crew of eight Boy Scouts and three adult advisers from the Annapolis area will trek 72 miles over 11 days in New Mexico's Sangre de Cristo Mountains. The crew represents Boy Scout Troop 396, sponsored by Trinity United Methodist Church. They will be ...

Categories: News

Virgin Galactic Partners With New Mexico Hotel - ABC News

New Mexico News from Google ... - Mon, 2014-07-07 11:39

Virgin Galactic Partners With New Mexico Hotel
ABC News
Virgin Galactic appears to be getting closer to reaching its long-delayed goal of launching tourists into space. The company said Monday it has selected Hotel Encantado de Las Cruces as the preferred hotel for its elite roster of passengers, who will ...
Virgin Galactic names 'official' hotel in southern NMAlbuquerque Journal
Hotel E selected as preferred partner for Virgin GalacticLas Cruces Sun-News

all 6 news articles »
Categories: News

Virgin Galactic partners with New Mexico hotel - Sacramento Bee

New Mexico News from Google ... - Mon, 2014-07-07 11:33

Virgin Galactic partners with New Mexico hotel
Sacramento Bee
ALBUQUERQUE, N.M. -- Virgin Galactic appears to be getting closer to reaching its long-delayed goal of launching tourists into space. The company said Monday it has selected Hotel Encanto de Las Cruces as the preferred hotel for its elite roster of ...

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Unfair subsidies to businesses won’t help New Mexico’s economy recover

Errors of Enchantment Blog Postings - Mon, 2014-07-07 11:15

There is no question that New Mexico faces significant economic challenges. Our overreliance on Washington’s largesse combined with business-unfriendly tax and regulatory structures have finally caught up with us. This has led to New Mexico bleeding jobs and people to other states, particularly our economically freer neighbors.

This has led to desperation among some quarters. Democrat Sens. Tim Keller and Jacob Candelaria seem to have even proposed a special legislative session for the sole purpose of offering subsidies and incentives to the Tesla car company. The hope is to attract a proposed battery factory to the state despite no concrete indicators from Tesla as to where they wish to locate said factory or what their criterion are.

Unfortunately, these Democrat legislators are not the only ones willing to engage in bad economic policies for a short-term political benefit in the form of “jobs.” The Doña Ana County Commission recently voted 5-0 to grant an industrial revenue bond (IRB) to a Turkish wire company to encourage the company to come to Santa Teresa. While this financing mechanism is somewhat complicated as a means of giving special advantages to recipients, the basic effect of an IRB is that it exempts the recipient, for up to 30 years, from property taxes on land, buildings, the useful life of equipment purchased with bond proceeds and an exemption from applicable gross receipts taxes on the purchase of project equipment.

While we at the Rio Grande Foundation prefer fair, free, and open economic policies, the kicker is that the subsidized Turkish firm is planning to open their door across the street from the International Wire Group, an existing player in the same market. It goes without saying that an unequal playing field inevitably favors one company over another and could allow the new entrant to undercut its cross-street rival on price or use its advantage to hire workers away from the existing company.

So, the very justification for issuing these bonds to the Turkish wire company — job creation — will likely backfire as the new company uses its government-favored position to squeeze its competition. Unfortunately, it does not seem to have occurred to the Commission that their policies may backfire in this way.

Whatever the reason they have for issuing this bond, it is nevertheless illegal. According to section 4-59-15 of the New Mexico State Board of Finance review provision: “The bonds in connection with such project shall not be issued until the State Board of Finance has determined that the proposed project will not directly or substantially compete with an existing business or enterprise located within the boundaries of the county or within five miles of the proposed project.”

Approval of this subsidy package, unlike any potential deal for Tesla, would appear to be in direct violation of the state’s own laws/regulations. On those grounds alone, the Board should reject the proposed subsidies out of hand.

While we certainly understand the desire on the part of policymakers to act quickly to attract businesses to the state, policymakers need to first and foremost respect those businesses that are already here in our communities providing jobs and tax revenue for our communities and the state. The worst thing that can be done is to offer generous subsidies — at taxpayer expense — to attract competition for existing New Mexico businesses.

The term “pro-business” is often a catch-all used to describe government policies that may, unfortunately, be abused for the benefit of some businesses at the expense of other businesses and taxpayers at large. New Mexico should instead strive for free-market policies that provide reasonable taxes and regulations across the board. When that challenge is undertaken in Santa Fe, New Mexico will finally rise from the bottom of so many bad lists.

Monnheimer is a policy analyst with New Mexico’s Rio Grande Foundation, an independent, non-partisan, tax-exempt research and educational organization dedicated to promoting prosperity for New Mexico based on principles of limited government, economic freedom and individual responsibility.

Artifacts discovered by New Mexico highway worker - Santa Fe New Mexican.com

New Mexico News from Google ... - Mon, 2014-07-07 10:38

Artifacts discovered by New Mexico highway worker
Santa Fe New Mexican.com
BLOOMFIELD — Construction workers widening a northwestern New Mexico highway in front of an archaeological site found artifacts that officials say may be from the ancient Puebloan culture. The Daily Times reports that the pottery pieces and fragments ...

Categories: News

Report: Buddhist monks in New Mexico set off illegal fireworks - El Paso Times

New Mexico News from Google ... - Mon, 2014-07-07 10:36

Report: Buddhist monks in New Mexico set off illegal fireworks
El Paso Times
Albuquerque authorities say, among the more than a dozen citations for illegal fireworks handed out July 4th, one was given to a group of Buddhist monks, KRQE-TV reports. Albuquerque Fire Department inspector Darrick Pino said the citation was written ...

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Award winning author to teach at UNM - Santa Fe New Mexican.com

New Mexico News from Google ... - Mon, 2014-07-07 09:23

Award winning author to teach at UNM
Santa Fe New Mexican.com
ALBUQUERQUE — Award winning author N. Scott Momaday will be teaching at the University of New Mexico starting in the fall. The university recently announced that Momaday will be a visiting professor in creative writing and American literary studies.

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Strong quake hits Mexico, Guatemala; 3 dead - Santa Fe New Mexican.com

New Mexico News from Google ... - Mon, 2014-07-07 09:23

Sky News Australia

Strong quake hits Mexico, Guatemala; 3 dead
Santa Fe New Mexican.com
TUXTLA GUTIERREZ, Mexico — A magnitude-6.9 earthquake on the Pacific Coast jolted a wide area of southern Mexico and Central America Monday, killing at least three people and damaging dozens of homes. The U.S. Geological Survey said the quake ...
Three Killed as Earthquake Rocks Southern Mexico, GuatemalaThe New Indian Express

all 331 news articles »
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Mayor defends protests against influx of illegal immigrants

New Mexico News from FoxNews.com ... - Mon, 2014-07-07 09:11
Murrieta, California on frontlines of border battle
Categories: News

Endangered mouse threatens ranching family

New Mexico News from FoxNews.com ... - Mon, 2014-07-07 09:03
Ranch family fights feds for grazing rights.
Categories: News

Artifacts discovered by New Mexico highway worker - Albuquerque Journal

New Mexico News from Google ... - Mon, 2014-07-07 08:14

Artifacts discovered by New Mexico highway worker
Albuquerque Journal
BLOOMFIELD, N.M. (AP) — Construction workers widening a northwestern New Mexico highway in front of an archaeological site found artifacts that officials may be from the ancient Puebloan culture. The Daily Times reports that the pottery pieces and ...

and more »
Categories: News

New Mexico's Diego wildfire in the Jemez Mountains at 95 percent containment - Las Cruces Sun-News

New Mexico News from Google ... - Mon, 2014-07-07 08:14

KOAT Albuquerque

New Mexico's Diego wildfire in the Jemez Mountains at 95 percent containment
Las Cruces Sun-News
SANTA FE - A wildfire that charred about 5.6 square miles in northern New Mexico's Jemez Mountains is nearly fully contained, thanks in part to an assist from Mother Nature. Rain has fallen on the Diego Fire south of Coyote in recent days and humidity ...
Diego Fire reaches 75 percent containmentKOAT Albuquerque
Crews mop up after NM blaze as rain helps firefighting effortsDaily Journal

all 11 news articles »
Categories: News

Endangered mouse threatens ranching family

New Mexico News from FoxNews.com ... - Mon, 2014-07-07 06:01
Will New Mexico rancher Mike Lucero lose everything?
Categories: News

Lobo Cross Country Holding Team Tryouts Aug. 13 - New Mexico Official Athletic Site

New Mexico News from Google ... - Mon, 2014-07-07 05:16

Lobo Cross Country Holding Team Tryouts Aug. 13
New Mexico Official Athletic Site
ALBUQUERQUE, N.M. — The University of New Mexico men's and women's cross country teams will be holding team tryouts on Wednesday, August 13 at 9 a.m. at the University of New Mexico's Outdoor Track Complex. The nationally ranked and defending ...

Categories: News

Jim Napoleon Garcia, veteran who died in Albuquerque VA hospital, served in Vietnam

New Mexico News from FoxNews.com ... - Sun, 2014-07-06 22:00
A veteran who collapsed in an Albuquerque veterans hospital cafeteria — 500 yards from an emergency room — before he died was a 71-year-old husband who had served in the Vietnam War, his family said Monday.
Categories: News

7 must-visit attractions on Mexico's Riviera Maya

New Mexico News from FoxNews.com ... - Sun, 2014-07-06 22:00
This Yucatan treasure is one of the hottest travel destinations.
Categories: News

Dr. Manny: Is America on the verge of a major health crisis?

New Mexico News from FoxNews.com ... - Sun, 2014-07-06 22:00
The recent surge of immigrants at the Texas-Mexico border – many of whom are unaccompanied minors – is the latest catastrophe under the Obama administration’s immigration policy that is seriously putting the health of our nation at risk
Categories: News

Fins in the water: New ObamaCare warning signs emerge

New Mexico News from FoxNews.com ... - Sun, 2014-07-06 22:00
Fewer doctors, longer wait times, higher premiums around the corner.
Categories: News

Deportations on decline, despite $1M PR campaign to counter border surge

New Mexico News from FoxNews.com ... - Sun, 2014-07-06 22:00
The Obama administration is launching a pricey public relations campaign to convince Central American children not to make the dangerous and illegal trek across the U.S. border -- but Washington's warning that those who cross will not get papers is belied by the reality on the ground.
Categories: News
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