Gallup Sun

“Risk can be a hard concept to calculate, remember, it is not a calculated risk if you haven’t calculated it.” - Lawrence Castillo



‘Layin’ it on the line’

In the 2009-2010 NFC Championship Game, the Minnesota Vikings and the New Orleans Saints were tied 28-28 late in the fourth quarter, with the Vikings close to field goal range. Vikings quarterback Brett Favre took the snap, rolled to his right, and saw about 30 yards of open field in front of him. Even though he had injured his leg in the third quarter, all Favre had to do was lurch forward for 10 yards, fall down, and have a first-and-10 inside field goal range.

Instead, Favre reverted to what has made him a...

Long-term loans carry higher interest rates than short-term loans because there are more variables in play over a more extended period.

Another factor that makes long-term loans less attractive to lenders, thus raising interest rates, is inflation. Inflation is the rise over time in the price of goods and services. Lenders know the longer it takes the borrower to pay back a loan, the less that money will be worth because everything costs more.

Inflation is the rise over time in the price of goods and services. Is a loaf of bread higher than it was the year you were born? Inflation is measured as an annual percentage, and the same way interest rates are measured as a yearly...

As proud New Mexicans, we know our state has the best scenery and natural beauty in the nation. While we want to keep it that way, that’s hard to when our landscape is dotted with old, pollution-spewing orphaned oil wells.

With New Mexico being the second largest oil-producing state in the country, we’ve been stuck with a multitude of orphaned wells. When the companies who drilled and profited from the wells don’t take responsibility for capping and cleaning them, the rest of us end up footing the bill.

The federal government is distributing money for orphaned well cleanup from the Infrastructure Investment and Jobs Act, which will be a big help. But funding the cleanup of...

Here are a few things to consider

“Planning to retire? Be sure you have your exit plan in place and remember, when you retire, you never have a day off.” - Lawrence Castillo



‘Layin’ it on the line’

Retirement is not likely to look anything like your parents’ retirement. The economic impact of government actions related to the pandemic, inflation caused by loose monetary policy, and stock market volatility have created craters in even the best-laid retirement plans. Many Americans are considering taking the money and running, opting for early retirement.

Joel a long-haul trucker, says he was initially going to wait another five years before retiring. “Dealing with...