By RICARDO CASTILLO AMLO, Biden in Virtual Meet On Monday, March 1, U.S. President Joe Biden is slated to hold a virtual conference with Mexican President Andrés Manuel López Obrador (AMLO). This will be the second virtual gathering both presidents have, the last one having been on Jan. 22. According to White House sources, the two are expected to discuss
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By RICARDO CASTILLO Cabeza de Vaca Jumps the Gun After Tamaulipas Governor Francisco García Cabeza de Vaca, along with his fellow National Action Party (PAN) deputies, headed by minority leader Carlos Romero Hicks, took the facility nearly by storm on Wednesday, Feb. 24, and held a press conference claiming that he was a victim of a witch hunt being directed
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By RICARDO CASTILLO Electricity Bill It will come as no surprise for most people in Mexico that President Andrés Manuel López Obrador’s (AMLO) Electricity Reform Bill was approved by the Chamber of Deputies, as programmed by Congress’ majority rule, now in the hands of the leftist National Regeneration Movement (Morena) political party, and will now head to the Senate. If
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By RICARDO CASTILLO Electricity Reform Bill Mexican President Andrés Manuel López Obrador (AMLO) on Sunday, Feb. 21, pleaded with Congress to pass his electricity reform bill. “I hope next week the (electricity) reform I presented to Congress will be approved to help strengthen the (state-owned) Federal Electricity Commission (CFE),” he said. AMLO spoke about the electricity bill in two acts
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By RICARDO CASTILLO Texas Gas Shortage The Arctic vortex that hit Texas and the north of Mexico on Monday, Feb. 15, did not catch the Federal Electricity Commission (CFE) unprepared, said the commission’s director, Manuel Bartlett Díaz. The cold spell was expected, and the subsequent gas shortage it produced was also to be expected, he said, but not just for
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By RICARDO CASTILLO Outages Set Off Political Sparks The electricity outages on Monday, Feb. 15, in six northern Mexican states may have been caused by the freezing temperatures affecting Texas, but they set off a new round of heated debates at Mexico’s Chamber of Deputies over President Andrés Manuel López Obrador’s (AMLO’s) Electricity Bill. Beyond Texas’ pumped gas shortage,
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By RICARDO CASTILLO MLK III at Guerrero Homage Martin Luther King III, the eldest son of U.S. civil rights activist MLK, Jr., was the keynote speaker Sunday, Feb. 14, at the homage paid to the memory of Mexico’s second president, Vicente Guerrero. Guerrero was killed 190 years ago at Cuilápa, Oaxaca. Guerrero, a descendant of African slaves brought to Mexico,
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By THE PULSE NEWS MEXICO STAFF In an expected but still-unprecedented move intended to help stimulate the country’s floundering economy, Mexico’s Central Bank (Banxico) cut interests to a record low of just 4 percent late Thursday, Feb. 11. In its first official meeting of 2021, Banxico’s board of directors voted unanimously to continue to reduce interest rates, in keeping with
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By RICARDO CASTILLO AMLO on an Electrical Collision Course Mexican President Andrés Manuel López Obrador (AMLO) clearly sent a “suggestion” to the Chamber of Deputies in regards to their discussions over the increasingly controversial bill regulating the state-owned Federal Electricity Commission (CFE). “Do not change even an iota of the text” that they had received from him for a fast-track
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By RICARDO CASTILLO Mexico’s top financial authorities issued an alternative banking program to help Mexican migrant workers in the United States make the most out of their remittances, which in 2020 amounted to over $40 billion. The alternative banking plan comes as a response to the Bank of Mexico bill proposed by the country’s majority party, the National Regeneration Movement
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