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Columns

  • Share your money before you die

    Now that the long-debated estate tax rules have finally been settled, let's get real: Despite all the hoopla raised, most people probably would never be impacted whether the lifetime estate tax threshold had stayed at $5.12 million or reverted to $1 million. In the end, it actually went up a bit to $5.25 million for 2013.

    Even if your estate will only be a fraction of that amount, it still pays to have a plan for distributing your assets. If your finances are in good shape, there's no reason not to start sharing the wealth while you're still around to enjoy helping others. It also doesn't hurt that you can reap significant tax advantages by distributing a portion of your assets now.

    Before you start doling out cash, however, make sure you are on track to fund your own retirement, have adequate health insurance, can pay off your mortgage and are otherwise debt-free. You wouldn't want to deplete your resources and then become a financial burden on others.

    If you can check all those boxes, consider these options:

  • Looking at the belly of society

    One of my favorite scenes from “Crocodile Dundee” is where the New York City reporter is asking Dundee whether ownership of some land should be returned to the aboriginals.
    Dundee says, “See those rocks? Been standing there for 600 million years. Still be there when you and I are gone. So arguing over who owns them is like two fleas arguing over who owns the dog they live on.”
    Ownership is a bizarre concept, but not singularly peculiar to humans. Dogs will tussle over who owns a piece of rope and wild animals mark “their territory.” But does anyone really own anything?
    I think it’s more about control than ownership. When we use the word “own”, we mean the right to control.
    Perhaps that’s what separates humans from civilized animals. Animals claim ownership and then exercise control over what they claim. Humans identify what they want to control, then claim abstract ownership to justify that control.
     OK, I admit it. I like control. Some pitch man on TV starts screaming at me, telling me why I can’t live another day without buying some superglue that will allow me glue cinder blocks to my kitchen ceiling.

  • Path to efficiency is regulation

    Year after year, mining and petroleum operations and motor vehicle manufacture steadily improve their methods, tools and products. These advances do not happen by whim or by chance.
    Behind the steady climb in efficiency are colleges that develop curricula and supply trained mining engineers, petroleum engineers and automotive engineers. The course work begins with the fundamentals of applied science and proceeds to the technologies of the named industries.
    In their fields, the schools also do original research projects that produce new knowledge and tools. Efficiency is driven by basic disciplines, application of basics and inventions from applying basics.
    The same path is the way to make regulatory systems efficient.
    The steps are clear. We need schools to supply regulatory engineers trained in the basics of engineering, with a major in regulatory applications. We need schools doing research to develop new regulatory knowledge and more powerful tools.
    This column examines new products of research that build efficiency in tasks of all kinds. Imagine if tools were created so regulating was done more surely in less time for less money. Surprising things are possible.

  • Cinco de Mayo a holiday for all

    On Sunday, America will celebrate the most increasingly popular day of
    the year.
    It is ironic that just four days earlier, on May 1, we almost completely ignored the celebration of a day with many reasons to observe.
    May 1 has been celebrated as a pagan festival to welcome spring and encourage fertility since long before the beginnings of Christianity; then it was International Workers Day; then the day the Soviet Union paraded its military hardware; then it was Law Day and Loyalty Day.
    International Workers Day still is celebrated in most industrialized countries, but in the United States and Canada, we recognize labor in September, so May 1 passes without notice.
    But on May 5, we let it all hang out. It is Cinco de Mayo and we celebrate a Mexican victory in a small battle to stop the French invasion, which soon succeeded in taking over the country.
    The big celebration in Mexico is on Sept. 16, commemorating victory in the long struggle for independence from Spain.
    So if the United States wants to help its neighbor to the south celebrate a glorious occasion, why don’t we celebrate their biggest day on Sept. 16?

  • Politicians and N.M. universities

    Former Gov. Garrey Carruthers is one of five finalists in line to become the next president of New Mexico State University in Las Cruces.
    NMSU’s presidency has been something of a revolving door in recent years with one president after another passing through in remarkably rapid succession, leaving onlookers to wonder what if anything had been accomplished during their brief tenures.
    Count this reporter among a good many other New Mexicans who has often wondered why the Board of Regents of that university has for so long failed to see the wisdom of putting an end to the turmoil by tapping Carruthers for their institution’s top job.
    His Ph.D. in economics is from Iowa State University, but he earned both his Bachelor of Arts and Masters of Arts at New Mexico State.
    After his four-year term (1987-91) as governor was over, Carruthers spent a few years in the private sector with management and development activities in the health-maintenance field.
    But for over a decade now, he has been dean of NMSU’s business college and he is plainly devoted to that institution. Indeed, Carruthers has reportedly told his six grandchildren that he will pay their way through college, “tuition, room, board and books,” with the proviso that they “have to go to New Mexico State.”

  • Nation's security relies on science

    The occasional neighborhood forest fire is one difference between Los Alamos National Laboratory and its offspring, Sandia National Laboratories, which was born in 1945 as LANL’s Z Division. A rich literature is another.
    One book that makes my list of essential New Mexico books, required reading for understanding the state, is Richard Rhodes’ The Making of the Atomic Bomb.
    While Los Alamos remains in the national defense and nuclear business, it, like Sandia, does much more. Web site wandering at lanl.gov uncovers some of the diversity.
    LANL’s most recent point of pride is Mustomo Inc., a start-up working with the University of New Mexico Hospital on a breast-cancer ultrasound system that produces “three-dimensional images of virtually every fraction of tissue being examined,” the Albuquerque Journal reported.
    LANL.gov states the mission as “scientific inquiry supporting nuclear deterrence, reducing global threats, fostering energy security.” The Science and Innovation tag on the top left of the lanl.gov home page lists a dozen “capabilities.”

  • When glittering job creation deals tarnish

    It seemed like a good idea at the time.
    That’s a phrase that we can apply to all of life’s situations that didn’t quite pan out — impulse purchases, former marriages, job decisions, bad investments. It takes on a different flavor when it comes to our sometimes desperate efforts to create jobs.
    We’ve seen two economic development disappointments lately, and these things have two stages — the cost of the mistake itself and the fallout and recrimination that follow.
    First, there is Clovis, where a new cosmetics company was supposed to begin operations after the city provided $2 million to bankroll the deal in hopes of adding 350 jobs. Now the city is hunting the entrepreneur — and its cash — in Guatemala.
    How did the guy slip under everybody’s radar? I have in the past interviewed Chase Gentry, Clovis’s economic developer, and he’s shrewd and experienced. I’ve also interviewed banker Kent Carruthers, a board member of the Clovis Industrial Development Corp., and he’s nobody’s fool either.
    Boards of economic development organizations are usually a Who’s Who of a town’s major players. If these people could be snookered, it could happen anywhere.

  • Derby Day fundraiser takes aim at tetanus

    The Kiwanis Club of Los Alamos is hosting a Kentucky Derby Party on Saturday, May 4 from 2:30-5:30 p.m. at the Dixie Girl Restaurant on Central Avenue. 

    The event, which is co-sponsored by the Los Alamos Medical Center, is a benefit for “Project Eliminate,” a Kiwanis International-UNICEF effort to wipe out maternal and neonatal tetanus worldwide. 

    Kentucky Derby Party Chair Linda Daly says, “Put on your best Derby attire, grab a Daily Racing Form and join us for an afternoon at Churchill Downs for the 139th Run for the Roses!” 

  • Agency helps match applicants, jobs

    Rose Marie Law first used the employment screening services of the New Mexico Department of Workforce Solutions even before she became director of human resources for Jemez Mountain Electrical Co-op, a nonprofit utility started in 1947 to serve residents of Jemez Springs and now generating electrical power for Rio Arriba, Santa Fe, San Juan, McKinley and Sandoval counties.
    While the International Brotherhood of Electrical Workers Union Local 611 provides journeyman electricians through its apprenticeship program, Law is responsible for hiring clerical and warehouse workers for the utility’s offices in Jemez Springs, Cuba and Española.
    When jobs come open at the utility, the Department of Workforce Solutions helps Law assess the skills and abilities of her top candidates with a WorkKeys test.
    The assessment distills the lists of finalists to those who have the problem-solving abilities, math skills and work habits required in the open jobs.
    The result, Law said, has been a better match of candidates to jobs and less remedial training of new employees. The free service is available to companies of all sizes — for-profit and nonprofit — but is especially useful to small businesses that don’t have the recruitment resources of large corporations and government employers.

  • It's a strange, strange world

    It’s been quite a week. The United States Senate’s vote on gun reform, the Boston marathon bombing and the intense manhunt that followed, continued deterioration of negotiations with North Korea, increasing violence in Russia’s North Caucasus region, the Syrian civil war, protests in Bahrain and riots in Venezuela following Maduro’s election victory over Henrique Capriles.
    Sometimes, you just want to turn off the television and listen to some nice relaxing music. You know, like Green Day or The Ramones?
    It does get exhausting to keep up with the insanity. What ever happened to the simple life? And so I found myself perusing more peripheral news stories, looking for something that would give me some hope for this world.
    I’m not sure I found any, but I’ll give it a shot. Let’s start with the weather.
    The rain in Spain falls mainly on the plain. But in Maryland, it’s taxpayers who are getting soaked.
    The governor of Maryland has levied a “storm management fee” on land owners to help offset the $14.8 billion cost of reducing nitrogen and phosphorus pollution in the Chesapeake Bay due to storm-water runoff from impervious surfaces (roofs, driveways, sidewalks, etc.). Yeah, a rain tax. So much for not fooling with Mother Nature, eh?