Personalize your own misery index

Economists have a mythical figure called the misery index. It is the total of the unemployment rate added to the inflation rate. This summer in the U.S. it’s running about 13.0. The lower the better. In both the 90’s and ‘0’s it’s been as low as 7. To calculate indexes like this, the conclusion can […]

Editorial: Inflation 101 — Take control of expenses

Be an inflation warrior, not a price victim. Free yourself by taking control and living smart. Be a strong American, not an easy mark. Here are a few tips: Buy lots of shelf-stable and non-perishable foods to stock up the shelves, pantries and deep freezes. Not because the world’s ending, but to make the best […]

Fed drops key rate for third time this year

Staff and Wire Reports WASHINGTON — The Federal Reserve dropped its most important interest rate to a nearly two-year low on Tuesday and left the door open to additional cuts to prevent a housing and credit meltdown from pushing the economy into a recession. A disappointed Wall Street took a nosedive. Fed Chairman Ben Bernanke […]

Alternative minimum tax should be repealed

Editorial According to the New York Times, “House Democratic leaders, in an effort to upstage Republicans on the issue of tax cuts, are preparing legislation that would permanently shield all but the very richest taxpayers from the alternative minimum tax, which is likely to affect tens of millions of families as early as next year […]

House speaker pushes minimum wage ahead

The Associated Press SANTA FE — House Speaker Ben Lujan pledged Thursday to push ahead with a proposal to boost the state’s minimum wage to $7.50 an hour starting next year rather than phasing in the increase over three years as recommended by Gov. Bill Richardson. Lujan, D-Santa Fe, was joined by chairmen of key […]

FCC should put more restrictions on commercials

Jim Lee Since I happen to enjoy football, and I also happen to be a grandfather, I should write about the first day of the NFL season or Grandparents Day. Both occasions do fall on the same day this year. But that was last Sunday, so I’ll write about something else. Had you fooled for […]