Mexico News Roundup
By RICARDO CASTILLO … A quick review of the most important news items in Mexico over the last few days…
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At Long Last, Investors Respond to AMLO’s Call
By RICARDO CASTILLO … The Mexican business community is finally showing an inkling of positivity toward President Andrés Manuel López Obrador (AMLO)…
Read moreGas Supply for CFE and Mexican Industry Assured
By RICARDO CASTILLO There’s an old Mexican adage that says that it is cheaper to make a poor deal than to fight a great fight. This might seem to be exactly what happened in the negotiations headed by Mexico’s Federal Electricity Commission (CFE) Director Manuel Bartlett Díaz and seven gas pipeline companies that signed contracts for gas ducts with the
Read moreAlfonso Romo, AMLO’s Link to the Wealthy
By RICARDO CASTILLO In mid-July, former Mexican Treasury Secretary Carlos Urzúa, upon presenting his resignation to President Andrés Manuel López Obrador (AMLO), launched a frontal attack against AMLO’s Chief of Staff Alfonso Romo Garza in an interview. “It’s most difficult to understand the type of relationship, ideologically speaking, Romo has with the president,” Urzúa said. “He’s an extreme right-winger.” Urzúa
Read moreCFE to Renegotiate $80 Billion Pipeline Debt
By RICARDO CASTILLO The tip of the iceberg appeared last April in the form of three outages in the Yucatan Peninsula, each affecting approximately 1.6 million electricity users. Back then, the Mexican state-owned company Federal Electricity Commission (CFE) blamed the blackouts on rural cane field fires and line failures. The rest of the iceberg emerged last month, and the truth
Read moreA Tale of Two Airports: NAIM and Santa Lucía
By RICARDO CASTILLO In tandem with the announcement on Monday, April 29, of the additional construction of the Santa Lucía military airport — now renamed the Felipe Ángeles Airport — just northwest of the Teotihuacán Pyramids, Communications and Transportation Secretary Javier Jiménez Espriú surreptitiously released to the handpicked newspaper El Universal as well as to journalist Jorge Zepeda, copies of
Read moreSaga of a Defunct Airport
By RICARDO CASTILLO It’s official: The “pharaonic” construction of the New International Mexico Airport (NAIM) was announced defunct last Dec. 27 The cancellation of the ongoing construction comes four years after former President Enrique Peña Nieto, along with the Mexico City Airports Group – in charge of building – announced its beginnings. The decision was announced by the new Mexican
Read moreAMLO’s Stance on 2019: ‘I Have the Reign of Power in My Hands’
By RICARDO CASTILLO Like whirlwind, Mexican President Andrés Manuel López Obrador (AMLO) took the nation by storm in December, outlining the shape of things to come in Mexico during 2019. AMLO was anything but contemplative during his first month in office. To begin with, he held 20 hour-long press conferences to explain either what he had done the the day before or what he
Read moreAMLO Enters Presidential Stage Amid Frictions
By RICARDO CASTILLO Mexican President Andrés Manuel López Obrador’s (AMLO) daily, Monday-through-Friday, 7 a.m. press conferences at National Palace downtown Mexico City are paying off. Every morning, he gets hold of the nation’s mike to clear out the daily barrage of misunderstandings about his administration. In short, every morning, AMLO gets to wash the dirty dishes caused usually by his personnel and.
Read morePolitical Tempest Calms as AMLO Negotiates with NAIM Contractors
By RICARDO CASTILLO Here in Mexico, we have witnessed a lot more than a tempest in a teapot as President-elect Andrés Manuel López Obrador (AMLO) is claiming over the new airport debate. The cancellation of the construction of the New International Mexico Airport (NAIM) has unleashed the virulent “fifi” press against the future president of Mexico. It was, however, a
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