A STATE RICH IN WEALTH -- AND OPPORTUNISM

Sep 26, 2020

New Mexico is rich.

That’s not a joke.

It possesses a sovereign wealth fund with a net asset value of more than $28 billion. To put that figure in perspective, the state’s permanent funds have amassed a fortune worth more than the annual revenue for Starbucks.

So why is the Land of Enchantment afflicted with some of the worst socioeconomic conditions in th…

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