Ron,
I have taken ME for about 40 years, and also MEW and EIM since their first issues. I would say that over the last 10-15 years there has been far more in MEW to interest me compared with the other two; MEW covers general workshop techniques, and the making or improving of workshop equipment. ME, since the start of MEW, has concentrated almost exclusively on projects, most of which you will skim through but get little from. EIM is rather similar, but with a few general workshop articles.
I think the problem from the beginner's point of view is that most of the "good" stuff is in MEW's past, and quite a lot of the articles now are on rather abstruse projects you will not be equipped to do. There are however some quite good series for beginners. Personally I think your best bet would be to watch eBay for a set of MEW and read the back issues, and start a planned program of buying key books.
On books, I can't really comment on the basic ones of recent years as I progressed beyond them before they came out. A basic lathework book and a basic milling book would be good. I agree with Peter that anything by Tubal Cain (Tom Walshaw) is worth reading, and recommend his books in the Workshop Practice series (Drills Taps and Dies, Soldering and Brazing, and Workholding in the Lathe spring to mind). I disagree with Peter about the G H Thomas books; they have probably been the ones having the most influence on me, at least, and I go back to them time and time again. True, the Workshop Manual is mostly based on Myford 7 lathes (which is what GHT used) but the consummate engineering expertise in there is worth anyone's time.
But, whatever you choose to do, have fun, find out what you enjoy doing most, and learn to do it better. To paraphrase Dumbledore, help will always be given here for those who ask for it.
David
Edited By David Littlewood on 18/01/2013 23:28:10