Luy’s Lines
The Growing Economic Winter
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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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Waiting for Mexico’s Economic Recovery
Read moreInflation at 5.8 Percent in June, Despite Interest Rate Hike
By THE PULSE NEWS MEXICO STAFF Despite an unanticipated .25 percent hike in interest rates by the Central Bank of Mexico on June 24, inflation in Mexico continued to rise in June, hitting an annual rate of 5.88 percent, the National Institute of Statistics and Geography (Inegi) reported Wednesday, July 7. The Inegi said that the spike in consumer prices
Read moreAMLO Plans to Open State-Run Natural Gas Distributor
By THE PULSE NEWS MEXICO STAFF Faced with rising natural gas costs across the nation, Mexican President Andrés Manuel López Obrador announced Wednesday, July 7, that his administration will soon open its own gas distribution company. “We are preparing the creation of a company to distribute gas at a fair price. It will be called Gas Bienestar (Gas Wellbeing) and
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R.I.P.
Read moreInvestment in Mexican Mining Falls 43 Percent in Two Years
By THE PULSE NEWS MEXICO STAFF Political uncertainty, excessive bureaucracy and growing insecurity have caused Mexico to drop 13 places on the international mining attractiveness index in just two years, and investment in the sector to fall 42.8 percent in that same period. According to the Canadian Fraser Institute research center, while in 2018 Mexico ranked 29th out of 83
Read moreAMLO 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
Read moreFormer Mexican President Warns AMLO Fans Their Dream Is Over
By THE PULSE NEWS MEXICO STAFF Former Mexican President Vicente Fox Quesada — a longtime critic of and target of insults from current President Andrés Manuel López Obrador (AMLO) — issued a tweet on Saturday, July 2, directed not at López Obrador, but rather to his followers, warning them to wake up and smell the coffee. “In the face of
Read moreAMLO 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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