Mexican News
The latest news from and about Mexican issues.Wednesday, August 20, 2008
Mexico energy reform debate.
Reuters UK, August 20, 2008 - “Latest developments as Mexico’s ruling conservatives court opposition lawmakers to approve an energy reform to allow more private investment in the state-controlled oil industry in hope of bolstering falling output.” Read more.
Mexico government raises gasoline prices again.
Forbes/Reuters, August 20, 2008 - “Mexico increased gasoline prices Wednesday for the third time this month, raising concerns that a push by the government to remove expensive fuel subsidies could drive inflation higher. Mexico’s standard Magna-grade gasoline was selling at the pump for 7.33 pesos per liter, one centavo higher than a day earlier, Mexico’s association of gasoline station owners said on its website.” Read more.
Mexicans are wary of both U.S. candidates.
Arizona Republic, August 20, 2008 - “Like many Mexicans, Jaime Reyes is a little apprehensive about the coming U.S. presidential election. ‘Whoever wins, it could be bad for us,’” said Reyes, a salesman in the western city of Guadalajara. ‘The Republicans seem like they’re anti-immigrant, and (Barack) Obama is against free trade. I don’t think either is good.’ It’s a common sentiment in Mexico, as the slumping U.S. economy and the effects of the 2001 terrorist attacks make the relationship between the United States and its southern neighbor more complicated than ever.” Read more.
Monday, August 18, 2008
More Mexico Reforms Necessary.
Latin Business Chronicle, August 18, 2008 - “Mexico appears to disappoint both optimists and pessimists. Despite many years of reform, it has not been able to attain the economic dynamism needed to rapidly create new jobs and reduce poverty. Its long transition towards a more open and pluralistic political system has not erased sharp political divisions within society, nor met the high expectations of most Mexicans. On the other hand, Mexico has made solid progress in strengthening its economy to avoid the type of economic instability that plagued it in previous decades.” Read more.
Friday, August 15, 2008
So Who Is Actually Building the Wall?
Latino Evangelicals, August 14, 2008 - “So what exactly is the status of the great wall of Homeland Security along the Mexican border? With all of the long-winded rhetoric and debate about the value of a wall along the border, some critics still question whether the wall will actually ‘secure the border?’ Government estimates show that about half of the undocumented immigrants in our country are immigrants who have over stayed their visas. If that is true, then the wall along the border will do nothing to stop this group of immigrants from entering the country. These immigrants are crossing the border legally at entry checkpoints staffed by U. S. customs and border guards.” Read more.
Tuesday, August 12, 2008
Canada would hail easier investment rules in Mexico.
Reuters UK, August 12, 2008 - “Canada’s top diplomat said on Tuesday he would welcome any regulatory changes in Mexico that might boost foreign investment but stopped short of an outright endorsement of Mexico’s proposed energy sector reform. Speaking by telephone from Mexico City, Trade Minister Michael Fortier said he would likely discuss the reforms—which would open Mexico’s state-run oil sector to private investment—with Economy Minister Gerardo Ruiz Mateos at a meeting later on Tuesday.” Read more.
Mexicans Say No to Oil Privatization.
Political Affairs, August 12, 2008 - “More than 90 percent of the voters in the seven Mexican states that participated on Sunday in the second stage of the referendum on oil in Mexico, rejected privatization of PEMEX, the country’s publicly-owned oil company. According to preliminary data published on Monday by the opposition FAP (Progressive Broad Front), which initiated the referendum, 91 percent of almost 40,000 Mexicans voters rejected handing over the national industry to private companies.” Read more.
Thursday, August 07, 2008
Drooping dollar makes Mexican vacations more expensive.
USA Today, August 7, 2008 - “The plunging U.S. dollar has already forced many Americans to give up vacations in Europe. Now, the dollar has lost nearly 10% against the Mexican peso since January — meaning that beach trips to sunny spots south of the border are becoming out of reach, too. The dollar’s value had been stable for years in Mexico, even as it fell against other currencies such as the euro. The shift could have a significant effect on tourism and the $347 billion in trade between Mexico and the United States.” Read more.
Wednesday, August 06, 2008
Mexico’s Oil Referendum.
Foreign Policy in Focus, August 6, 2008 - “Mexico is engaged in one of the most pivotal debates in its modern history: the future of its oil industry. The question is whether oil operations should remain in state hands or be privatized. Mexico exported 1.1 million barrels of oil per day to the United States in 2007, making it the third-largest supplier of oil to the United States, after Canada and Saudi Arabia. Yet the U.S. media has paid scant attention to the debate over what will happen with Mexico’s most important industry.” Read more.
Mexico businesses tighten security against drugs.
Reuters, August 6, 2008 - “Businesses in Mexico are tightening security against drug gangs that sneak narcotics into export shipments to the United States and have turned manufacturing centers on the U.S. border into battlegrounds. A vicious war between rival gangs and security forces has killed a record 1,900 people in Mexico so far this year. The violence has hardly damaged the broad economy but several recent embarrassing incidents where illegal drugs were found hidden within the cargo shipments of major exporters have put executives on edge.” Read more.
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