Luy’s Lines
Mexico’s Economic Free Fall
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The Guatemalan Border is Secured
By RICARDO CASTILLO Timing is a must in politics, and timing is what we’ve got as now incumbent candidate Donald Trump launched his bid for reelection to the presidency of the United States on Tuesday, June 18. Trump pulled recently what probably constituted his most dangerous threat, worse than going against nuclear Iran, on Mexico. He threatened to increase import
Read moreBangladeshi Ambassador: My Country Has Come a Long Way
By THÉRÈSE MARGOLIS Bangladesh – once the literal posterchild for a nation on the verge of financial and social collapse – has come a long ways in its brief 48 years, at least in economic terms. For more than a decade, the South Asian country with a massive population of 168 million (making it one of the most populated nations
Read moreNAFTA to USMCA: A Southern Partnership Perspective
By EARL ANTHONY WAYNE, former U.S. Ambassador to Mexico
Read moreNot Bad for AMLO’s First 100 Days
By RICARDO CASTILLO Among the top achievements that Mexican President Andrés Manuel López Obrador (AMLO) managed to accomplish and pass through Congress during his first 100 days, as noted in the address he delivered on Monday, March 11, at the National Palace in Mexico City are three laws: The Law of Eminent Domain, which gives the federal government the authority
Read moreOECD Lowers Predictions for Mexico’s 2019, 2020 Economic Growth
By THE PULSE NEWS MEXICO STAFF Mexican President Andrés Manuel López (AMLO) may not put much stock in the downgrades issued in recent weeks by the Big Three international credit agencies, Fitch, Moody’s and Standard and Poor’s, but the Organization for Economic Cooperation and Development (OECD) certainly seems to. In its latest global economic forecast, published on Wednesday, March 6,
Read moreMexico’s Cash Cow Runs Dry
By RICARDO CASTILLO There’s no question about it: Mexico’s once-prolific cash cow has run dry. The country’s economic national pride, the state-run oil giant Petróleos Mexicanos (Pemex), is now in financial straits, with its latest corporate report showing that just in the last quarter of 2018, it “lost” over 2 billion pesos. That definitely makes Pemex the only oil company
Read moreBank of Mexico Lowers Forecast for Annual Growth
By THÉRÈSE MARGOLIS The Bank of Mexico (Banxico) lowered it predicted 2019 GDP growth rate for Mexico on Wednesday, Feb. 27, from between respectable 1.7 and 2.7 percent to an unexceptional 1.1 to 1.2 percent on Wednesday, Feb. 27. Citing a variety of causes from a global economic slowdown to internal factors such as fuel shortages (due to a nationwide
Read moreEuropean Geopolitics and the Iron Law of Evolutionary Biology
By ANIS H. BAJREKTAREVIC A look at the freshly released IMF’s World Economic Outlook brings no comforting picture to anyone within the G-7, especially in the United States and European Union: The World Trade Organization (WTO) Round is dead, trade wars are alive, the Gulf Cooperation Council (GCC) is rapidly Pakistan-izing while Asia’s core and its Far East are slowing
Read moreThe Rich Get Richer and the Poor Get Poorer
By THE PULSE NEWS MEXICO STAFF The world’s wealthiest 1 percent increased their financial income by 12 percent in 2018, to an average of $2,500 a day, while the underprivileged half of workers that make up the world’s 3.8 billion poorest saw their earnings drop by 11 percent, according to a report released by the nonprofit development organization Oxfam on Monday,
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