Tag Archives: Economy Secretariat

Mexican Auto Parts Exports Soar in First Quadmester

By THE PULSE NEWS MEXICO STAFF Mexico’s auto parts exports increased by 27.5 percent in the first four months of 2021, compared to the same period in 2020, according to the National Auto Parts Industry Association (INA). The surge — the largest increase since 2010 — was primarily the result of the implementation of the United States-Mexico-Canada Agreement (USMCA), which

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PT Legislator Racks Up Long List of Alleged Embezzlements

By THÉRÈSE MARGOLIS Mexican Labor Party Deputy Mauricio Toledo just can’t seem to dodge the bullets that keep being hurdled at him for alleged illicit enrichment and other criminal charges. Toledo, who took office in 2018 as part of the majority party National Regeneration Movement’s (Morena) leftist coalition, is currently being investigated by the Attorney General’s Office of Mexico City,

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Militarization of Mexico’s Borders up 275 Percent

By THE PULSE NEWS MEXICO STAFF In the nearly six months since U.S. President Joe Biden took office, Mexico has increased its military presence along its northern and southern borders by 275 percent, the highest level ever, according to government sources. According to a report by the Secretariat of National Defense (Sedena), a combination of 27,572 soldiers, sailors and national

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AMLO Claims There Are Three Cartels in Mexico, There Are 23

By THÉRÈSE MARGOLIS In his self-aggrandizing address to the nation on Thursday, July 1, Mexican President Andrés Manuel López Obrador (AMLO) said that the country’s fight against organized crime was “well in hand” and that there were only three cartels currently operating in Mexico. That, it seems, is news to the cartels. In fact, according to the U.S. Drug Enforcement

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AMLO Pats Himself on the Back in Third-Year Address

By THE PULSE NEWS MEXICO STAFF Mexican President Andrés Manuel López Obrador (AMLO), nearly three years into his six-year term, spoke to the nation in a televised address on Thursday, July 1, marking the third anniversary of his 2018 electoral victory. During the 40-minute address, AMLO showcased what he said were his administration’s most important successes and made predictions for

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Tren Maya Tourist Train Construction is a Magical Mystery Tour

By THÉRÈSE MARGOLIS It pretty much was to be expected: First, Mexican President Andrés Manuel López Obrador (AMLO) endowed the nation’s military with the gift of nonaccountability, meaning that it doesn’t have to report to anyone what it is doing or how much it is spending doing it. Then, he placed the construction and administration of his highly controversial Tren

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AMLO Fires Head of Corruption Watchdog Secretariat

By THÉRÈSE MARGOLIS While Mexican President Andrés Manuel López Obrador (AMLO) continues to dole out high-ranking (and high-paying) government jobs to luggage porters and entourage traffic managers with little or no academic or professional qualifications (other than their undying loyalty to him), on Monday, June 22, he ousted one of his “most-uncompromising” (his words) proselytes from her office as head

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Herrera to Head Banxico, Reguerra de la O Takes Hacienda

By THE PULSE NEWS MEXICO STAFF Mexican Finance and Public Credit (SHCP, or Hacienda) Secretary Arturo Herrera Gutiérrez was nominated by President Andrés Manuel López Obrador (AMLO) on Wednesday, June 9, to assume the role of  governor of the Bank of Mexico (Banxico), replacing the bank’s current head, Alejandro Díaz de León. Herrera must now be approved by the Mexican

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