By RICARDO CASTILLO Fear does not ride on a burro; it flies at the speed of sound! And spreading fear of President Andrés Manuel López Obrador’s (AMLO) economic policies seems to be the leading reason that Mexico’s Gross Domestic Product (GDP) has slumped markedly, to the point of reaching a minimal growth of 0.1 percent for the second quarter of
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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
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By RICARDO CASTILLO Was there or was there not corruption involved in the construction of the now-defunct New International Mexico Airport (NAIM)? Just Monday, July 15, Mexican President Andrés Manuel López Obrador (AMLO) said there was corruption in many of the already-awarded construction contracts, while Communications and Transportation Secretary (SCT) Javier Jiménez Espriú stated that corruption was not an issue
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By RICARDO CASTILLO Definitely the outstanding image in Mexico for the week July 8-12 was the stone-cold face of Arturo Herrera Gutiérrez as President Andrés Manuel López Obrador appointed him the government’s new finance secretary. Herrera Gutiérrez looked as if he was attending his own funeral. The fact is that a lot of political pundits noticed the grave gesture, that
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By RICARDO CASTILLO It was a political rock rattle and roll in the Mexican government Tuesday, July 9, when, over the course of just one hour one Treasury Secretary resigned and a new one was appointed by President Andrés Manuel López Obrador (AMLO). To offer a proper sequence of events, allow me to start from the beginning of the series
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By RICARDO CASTILLO More than three weeks ago, on June 4, Mexican President Andrés Manuel López Obrador (AMLO) announced that he would not attend the June 29 and 30 gathering of the Group of 20 – G-20 top economies of the world. “I’m making this announcement in advance now,” he said. “I am not going to the meeting of the Group
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By RICARDO CASTILLO The 10-page-long resignation letter Senator Germán Martínez Cázares sent to Mexican President Andrés Manuel López Obrador (AMLO) on Tuesday, May 21, resigning from the directorate post of the Mexican Social Security Institute (IMSS) marked a turn of political chess castling even before the president has been in office for six months. Immediately after Martínez Cázares’
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By RICARDO CASTILLO In what constituted the first internal rupture of Mexican President Andrés Manuel López Obrador’s (AMLO) administration, Senator Germán Martínez Cázares, director of the Mexican Social Security Institute (IMSS), turned in his resignation on Tuesday, May 21, after denouncing “pernicious interference” from Treasury Secretariat (Hacienda) officials, apparently acting on orders from Treasury Secretary Carlos Urzúa. Martínez Cázares read
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By THE PULSE NEWS MEXICO STAFF Newly instated Mexican Banking Association (ABM) president Luis Niño de Rivera announced on Friday, March 22, that banks in Mexico will no longer charge commissions on digital accounts. Speaking before Mexican President Andrés Manuel López Obrador (AMLO) during the 82nd National Banking Conference in Acapulco, Guerrero, Niño de Rivera said that, in keeping with
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By RICARDO CASTILLO It’s hard to understand why Mexican President Andrés Manuel López Obrador (AMLO) reacted viscerally to the two-level downgrading New York-based Fitch Ratings made of the state-owned oil company Petróleos Mexicanos (Pemex) last Tuesday, Jan. 29. In any case, if there is going to be a culprit for the heinous performance of Pemex finances, it is none other than
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