By RICARDO CASTILLO Now that Mexican President Andrés Manuel López Obrador (AMLO) declared on Sunday, March 17, “the end of the neoliberal era,” a brief review of what it was seems to be in order. AMLO says that it lasted 36 years through six different presidents; his gauge is correct. He also said in his calling neoliberalism defunct that his
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By THÉRÈSE MARGOLIS The Bank of Mexico (Banxico) lowered it predicted 2019 GDP growth rate for Mexico on Wednesday, Feb. 27, from between respectable 1.7 and 2.7 percent to an unexceptional 1.1 to 1.2 percent on Wednesday, Feb. 27. Citing a variety of causes from a global economic slowdown to internal factors such as fuel shortages (due to a nationwide
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By THE PULSE NEWS MEXICO STAFF Commercial activities in Mexico City are slowly beginning to come to a standstill as literally hundreds of drivers have begun to sleep in their cars awaiting gasoline – some so long that they have run out of gas completely and now cannot move the vehicles at all – and sales at el Centro de
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By RICARDO CASTILLO Mexican President Enrique Peña Nieto is leaving office with a bang. Today, Friday, Nov. 30, he is in Buenos Aires meeting with U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau to sign the would-be final draft of the new North American Free Trade Agreement, or whatever it is called nowadays. (I say would-be because on
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By RICARDO CASTILLO Here’s the sequence of events that led to a market selloff at the Mexican Stock Exchange (Bolsa Mexicana de Valores) that provoked the loss of nearly 6 percentage points and nearly 90 billion pesos over the last week, mostly for banks. First, on Wednesday, Nov. 7, came the not-so-casual news from the National Regeneration Movement (Morena) political party majority leader
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