By THE PULSE NEWS MEXICO STAFF Mexico, along with Chile and Brazil, had the highest economic inequality among Latin American countries, according to a regional report by the United Nations Development Program (UNDP) released earlier this week. “Despite decades of progress, the region continues to be the second-most-unequal in the world (after the African sub-Sahara), and income inequality in Latin
Read more
By THE PULSE NEWS MEXICO STAFF Mexican Olympic silver- and bronze-medal diver Paola Espinosa has accused National Sports Commission (Conade) head Ana Guevara of intentionally blackballing her from participating in the Tokyo 2020 Olympics. Earlier this week, Conade issued a list of Mexican participants in the games, replacing Espinosa, known for her synchronized three-meter springboard, with Carolina Mendoza and Dolores
Read more
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
Read more
By THE PULSE NEWS MEXICO STAFF The New York-based international credit agency Standard & Poor’s (S&P) ratified Mexico’s long-term sovereign rating on Tuesday, June 15, at BBB in foreign currency and BBB+ in local currency, both with “a negative outlook.” This announcement was made by the agency following Mexico’s June 6 midterm elections, in which the ruling party, the National
Read more
By THÉRÈSE MARGOLIS In school, a strong B across the board is considered to be a respectable grade. In the world of financial credit ratings, not so much. Although the way that each of the Big Three rating agencies — Standard and Poor´s (S&P), Moody’s Analytics and Fitch Ratings, which collectively account for 99 percent of the world’s ratings market
Read more
By THÉRÈSE MARGOLIS One day after the New York Times laid the blame for the May 3 collapse of Mexico City’s Line 12 Metro (which led to the deaths of 26 people) squarely on his shoulders, Mexico’s Foreign Relations Secretary Marcelo Ebrard published a guest editorial in the Washington Post on Tuesday, June 15, defending the government of President Andrés
Read more
By THÉRÈSE MARGOLIS On Friday, June 11, Mexican President Andrés Manuel López Obrador (AMLO) used his morning press conference to yet again badger his opponents, this time lashing out against the country’s middle classes for daring to vote against him and his leftist National Regeneration Movement (Morena) party. Finally admitting that he was not all that “feliz, feliz, feliz” (“happy,
Read more
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
Read more
By THÉRÈSE MARGOLIS In yet another scathing international media report on Andrés Manuel López Obrador’s (AMLO) autocratic policies, the Wall Street Journal (WSJ) published an editorial on Tuesday, June 8, calling Mexico’s June 6 midterm elections “a vote for democracy against the president’s radical ambitions.” In the front-page editorial, titled “Mexico Checks AMLO’s Power” and credited to the WSJ editorial
Read more
By THÉRÈSE MARGOLIS Despite extensive campaigns across Mexico’s capital aimed at gaining and maintaining control over its 32 precincts in the midterm elections on Sunday, June 6, preliminary vote counts indicate that the leftist National Regeneration Movement (Morena) lost territory as a result of the polling. Morena, founded by President Andrés Manuel López Obrador (AMLO) as a platform to promote
Read more