Merry, But Mild: New Mexico 2013 Holiday Retail Sales Predicted to Rise 1.7%
I foresee a positive, but flattening trend in holiday sales growth. Actual increases in holiday season GAFO sales were approximately 4% in 2011 and 3% in 2012. (GAFO sales are general merchandise, apparel, furniture and other non-auto or food retail sales.) For 2013, I am predicting a 1.7% increase in holiday sales for New Mexico retailers. Nationally, I forecast a 2% sales increase during fourth quarter 2013 compared to 2012 for GAFO retail sales.
Nanny-State Regulators: The New "Deadliest Enemies" for Economic Development in Indian Country
In an 1886 case, the Supreme Court wrote that for Indian tribes, "the people of the states where they are found are often their deadliest enemies". Although that observation is almost 150 years old, and reasonable neighborliness has developed in most instances between tribes and surrounding communities, a new enemy has arisen that is directly attacking tribal economic development prospects, particularly in the e-commerce arena.
The government shutdown is the big news for New Mexico and Dona Ana County this month, unfortunately, no one knows yet its impact as the government shut down has resulted in a delay of data releases. Very little new information will be available by press time. New data is scheduled for release November 22, a month later than normal.