Tag Archives: Coparmex

Mexican Labor Law Faces 29 Proposed Legislative Revisions

By RICARDO CASTILLO     Both houses of the Mexican Congress are about to embark on a rewriting of the Ley Federal del Trabajo (Federal Labor Law, or LFT). The LFT debate is expected to be multifaceted and particularly interesting, mainly because the administration of the current Mexican president, Andrés Manuel López Obrador (AMLO), will undoubtedly favor the exploited and beleaguered Mexican working class.

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Strike Two for AMLO at the Bat

By RICARDO CASTILLO     Baseball aficionado President Andrés Manuel López Obrador (AMLO) was pitched two unrelated labor strikes in a row on the week of Jan. 21. One was in the state of Michoacán concerning teachers, and the other was in the border city of Matamoros launched by maquiladora (in-bond assembly) industry workers. Both strikes were swerving curves that smoked right past batting

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Investors Panic, Bolsa Plunges and Peña Nieto Doesn’t Even Say Quack

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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The Mexican People Have Spoken, and They Said ‘No New Airport’

By RICARDO CASTILLO     The behemoth New International Mexico Airport (NAIM) project was declared defunct on Monday, Oct. 29, by President-elect Andrés Manuel López Obrador (AMLO) after the “no” vote triumphed overwhelmingly during the four-day (Oct. 25 through Oct. 28) national consultation poll carried out by the now-ruling National Regeneration Movement (Morena) political party. The airport construction, at about 20 percent completion (32

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The Pros and Cons of Mexico City’s New Airport Proposal

By RICARDO CASTILLO     The open referendum to approve or disapprove the no-binding construction of the New International Mexico Airport (NAIM) started on Thursday, Oct. 25, and will end on Sunday, Oct. 28. In case you’re not tuned into the situation, which is the nation’s largest and noisiest gossip topic nowadays, here are some of the pro and con opinions regarding the controversial

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AMLO Left Unscathed in Final Presidential Debate

By RICARDO CASTILLO     Mexico’s third and final presidential electoral debates on Tuesday, June 12, only served to confirm the until-then prevailing trend shown in the polls all along, and they were a repeat of the previous two debates. In short, neither candidates Ricardo Anaya nor José Antonio Meade managed to impose themselves sufficiently to earn a not-so-glorious second place in voter preference, while frontrunner

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Mexican Tycoons Go Beserk Over AMLO’s Lead

By RICARDO CASTILLO     Mexico’s top tycoons are slamming down the electoral panic button! One after another, the owners of the nation’s top fortunes are asking their employees to “weigh the balance” (sopesar, in Spanish) of their vote and vote for continuity and stability. What does that mean? Do not vote for the Together We’ll Make History three-party coalition candidate Andrés

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