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Welcome new subscribers! NMSU Business Outlook is a free, monthly online publication sponsored by NMSU’s College of Business. Its primary audience is business practitioners and laypersons. If you prefer not to receive these alert emails, which link to each new issue, please contact me at firstname.lastname@example.org and I’ll remove your email address from the subscriber list. That said, please try a few issues before deciding. Thanks, and feel free to forward the email address of anyone you believe would appreciate these monthly alerts.
Mike Hyman, Executive Editor
New Mexico Holiday Retail Sales Should Rise in 2014
Dr. Bruce A. Huhmann, NMSU
For 2014, I predict continued growth in holiday retail sales. Nationally, holiday season GAFO sales increased 3.5% in 2013, 3% in 2012 and 4% in 2011. Compared to 2013, I am predicting a 2.7% increase for New Mexico and a 3.9% increase nationally for fourth quarter 2014 GAFO (general merchandise, apparel, furniture and other non-auto or food) retail sales.
Complete Article: New Mexico Holiday Retail Sales Should Rise in 2014
The Business Case for Russian Rocket Engines
Dr. Michael G. Ellis, NMSU
Should we be alarmed that a major share of U.S. space launch vehicles are using Russian engines? The commonly held belief “on the street” is the cold war is over, we won, we landed people on the moon, and we successfully flew a reusable shuttle craft more than 130 times. Most Americans imagine rusting, unusable Russian space hardware, languishing amid the visible remains of an old and failed socialist system.
Complete Article: The Business Case for Russian Rocket Engines
The Properties of Responsible Ads
(Reprinted from December 2006)
Dr. Michael R. Hyman, NMSU
Responsible ads and pornographic materials share one characteristic: people know them when they see them. If the basic properties of responsible ads could be established, then it should be easier for every advertiser to create them. What follows is an attempt to identify those properties.
Complete Article: The Properties of Responsible Ads
News & Notes
From the Editor: Interesting Articles You May Have Missed
Can’t find enough to read online? Here are links to interesting articles—many posted on NMSU’s KRWG website—that you may have missed during the last month.
Dr. Christopher A. Erickson, NMSU
During a working session, the Las Cruces City Council decided to not revisit the minimum wage law, so starting January 1st, the minimum wage will increase to $8.50 per hour and then increase during the next two years to $10.10, after which it will be indexed to the inflation rate. Falling oil prices are expected to negatively affect the New Mexico economy. Oil exploration is expected to slacken, having negative consequences for oil patch employment. State revenues could take a $90 million hit, reducing a projected $286 million in new money to $196 million. Not a disaster, but certainly a significant hit.
Complete Article: Talking Points