Tag Archives: Banxico

Mexico News Roundup

By RICARDO CASTILLO Don’t Whine Later! The programmed meeting of the Permanent Committee of the Mexican Congress to discuss the revamping of the administration’s Expenditures Bill has been postponed for at least two weeks due to the expanding coronavirus pandemic. Chamber of Deputies Majority Leader Mario Delgado Carrillo said that he had talked over the phone with Senate President Mónica

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17 Months of Poor Governance

By KITZIA NIN PONIATOWSKA In 17 months of poor governance, Mexican President Andrés Manuel López Obrador (AMLO) has surpassed his predecessors Carlos Salinas de Gortari in terms of currency devaluation, Ernesto Zedillo in terms of economic recession, Vicente Fox in incompetency, Felipe Calderón in the number of homicides and Enrique Peña Nieto in terms of corruption and ignorance. In less

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Mexico News Roundup

By RICARDO CASTILLO AMLO: “I’m not an ornamental vase” There must have been more to the matter than met the naked eye. If not, why did Mexican President Andrés Manuel López Obrador (AMLO) raise so much hell over it? On Sunday, April 26, the Mexican Business Association and the investment department of the Inter-American Development Bank (BID) announced that they

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Mexico News Roundup

By RICARDO CASTILLO USMCA to Take Effect July 1 The trilateral trade treaty known in the United States as the United States-Mexico-Canada Agreement (USMCA), in México as the T-MEC, and in Canada by the same old term as the previous accord, the North American Free Trade Agreement (NAFTA), will most definitely go into effect on July 1. The announcement was

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Mexico News Roundup

By RICARDO CASTILLO Getting Back to Work The covid-19 lockdown is taking its toll everywhere in Mexico. The truth is, each and every able body in the country would rather be working than inventing in pastimes at home. But some who are already moving ahead of the pandemic are paving the road for when the moment comes to restart the

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Salvaging a Sinking Pemex

By RICARDO CASTILLO Critics are screaming their throats out claiming that Mexico is in a deep crisis! The daily answer from President Andrés Manuel López Obrador (AMLO) seems to be that Brooklyn street expression when you want to put down someone irately pointing their angry piping hot finger at you (straight out of Martin Scorsese’s 1970s classic “Taxi Driver”): “You

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Mexico News Roundup

By RICARDO CASTILLO A Call to Civil Disobedience TVAzteca anchorman Javier Alatorre in the station’s nightly newscast “Hechos” (“Facts”)created a humongous scandal on Friday, April 17, after claiming the following: “As every night, Health Undersecretary Hugo López-Gatell led the (press) conference on Covid-19 in Mexico. But his figures and his conferences have become irrelevant. Furthermore, and to put it plainly,

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