Tag: mexico

New Mexico state government braces for financial pain

SANTA FE, N.M. (AP) — New Mexico state government income defied expectations amid the pandemic by increasing slightly during the fiscal year that ended June 30, but economists warned Wednesday of a highly unpredictable future for state finances.

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In an unusual pronouncement, four government economists said they could not pinpoint how much income the state is likely to receive during the current and coming fiscal years to sustain public education, health care, public safety and other crucial services.

They instead said general fund income may range from $6.8 billion to $7.6 billion during the coming fiscal year — with current annual spending obligations of $7.2 billion.

The twice-annual revenue forecast ordinarily provides a benchmark for state lawmakers as they outline a budget before meeting in January. New Mexico Gov. Michelle Lujan Grisham has asked most agencies to trim spending proposals by 5% for the coming fiscal year.

“No one knows whether the pandemic will result in only a temporary drop in economic activity, or whether it will be a prolonged event that causes irreparable harm to the economy, taking years to recover,” economic advisers from the Legislature’s budget and accountability office said in a written briefing.

State income is expected to decline by 7% to 18% during the current fiscal year — falling to as low as $6.4 billion. That decline would erode available financial reserves that swelled to $2 billion in June.

In a June special session, lawmakers trimmed about $400 million from current year spending and appropriated $750 million in federal recovery funds, as they reined in pay increases for public employees, refinanced infrastructure projects and dialed back business incentives.

Economists now say government income exceeded expectations by nearly a half-billion dollars during the fiscal year ended June 30 — as the federal government pumped money into business payrolls, unemployment benefits, $1,200 economic impact checks and cheap credit.

The programs helped sustain retail spending and related gross receipt tax collections in New Mexico. For a time, many New Mexico residents received more money in unemployment benefits than when they were employed — before a $600 weekly federal supplement fell to $300 in August and expired in early September.

Those programs have ended or tapered off in the midst of stalled negotiations over a new aid package in Congress, the presidential election and concerns of a possible winter resurgence of COVID-19.

Acute signs of economic distress span most of the state economy.

Petroleum production, which routinely accounts for more than a quarter of state general fund spending, declined in average daily volume by 23% from February through July, as the sector shed 30% of employment. Employment in the tourism and hospitality industries fell by 29%.

The state’s August unemployment rate of 11.3% exceeds the national rate of 8.4%. The rate is roughly 15% in oil-dependent Lea County, in southwestern New Mexico, and to the north in the tourism haven of Taos County.

Lujan Grisham has taken a cautious approach to reopening the economy, while large school districts

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Sociopolitical Points In The U.S., Canada, & Mexico

Mario Uribe Escobar, the president of Colombia’s cousin and leader of the Colombia Democratica political social gathering, introduced the removing of two Congressional candidates, Rocío Arias and Eleonora Pineda, from his social gathering on 2 February for their outward assist of paramilitary organizations. “Legalized discrimination — where blacks had been prevented, often by violence, from proudly owning property, or loans weren’t granted to African-American business homeowners, or black homeowners couldn’t access FHA mortgages, or blacks had been excluded from unions or the police drive or the fire division — meant that black families couldn’t amass any significant wealth to bequeath to future generations.

The point is that every time a white officer shoots an unarmed black man – that does not make it racism. Whereas we, as Africans, could have individual distinctions related to faith, class, nationality, and many others., We must be cautious not to allow these distinctions to divide us within the title of service to oppressors.

But we do have to remind ourselves that so lots of the disparities that exist between the African-American neighborhood and the bigger American community at present can be traced on to inequalities handed on from an earlier technology that suffered under the brutal legacy of slavery and Jim Crow.

By tackling the problems we face, we’ll be able to realize the large potential for good promised by social media-based analysis,” Ruths mentioned in a McGill press release about the paper’s publication. South Africa has misplaced rather a lot beneath white rule. As has been shown above within the Hub, that the training of African children has long been designed to be destined for failure and underdevelopment.

The African phrase for banana runs right by means of these American languages.” p199. “Also, current in the African culture is a non-materials element of resistance to the assault upon conventional values caused by the intrusion of European authorized procedures, medicines, political processes, and religion into African tradition.…

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Sociopolitical Issues In The U.S., Canada, & Mexico

Mario Uribe Escobar, the president of Colombia’s cousin and leader of the Colombia Democratica political celebration, introduced the removing of two Congressional candidates, Rocío Arias and Eleonora Pineda, from his social gathering on 2 February for their outward help of paramilitary organizations. As a result of the stories and ideas expressed within the texts are used to manage people in numerous life circumstances. It does not make sense to believe that racist Democrats all of a sudden rushed into the Republican Celebration, especially after Republicans spent almost one hundred fifty years preventing for black civil rights.

Additionally, because the African government doesn’t properly current how they run their yearly budget, there may be each chance that one thing went flawed at the back during their leadership and no person cared to requested them a question on that.

They create a distraction, and maneuver behind the scenes to lock into energy by gerrymandering, in a kind of manner, the voter’s consent, and greasing their approval with hampers, and adding some few Rands into the Mdende, and exploiting the concern folks have of DA(Nationalist Party) coming back into power.

Salem’s obscure wrestle for social and political energy between older conventional teams and a more recent commercial class was one repeated in communities throughout American historical past But it surely took a bizarre and deadly detour when its residents were swept up by the conviction that the devil was free in their homes.

This piece presents the idea of the continued debate within American society of the separation of church and state through religious prayer in public faculties. Whereas the white American frontier was expanding west and south into a temperate climate suited to Europeans, an African frontier was creating within the swamps and jungles of Florida.…

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