By THE PULSE NEWS MEXICO STAFF Private investment in Mexico sank 19.89 percent in 2020, its biggest decline in 25 years. The decrease in fresh investment, measured as the Gross Formation of Private Fixed Capital (GFCF), represents the deepest slide since the 1995 financial crisis, when investment dropped by 38.51 percent, according to seasonally adjusted figures from the National Institute
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By THÉRÈSE MARGOLIS There’s no debating the fact that Mexican President Andrés Manuel López Obrador (AMLO) knows which side of his bread is buttered on (and which side to keep on buttering). As his popularity continues to wane due to his disastrous mismanagement of the covid-19 pandemic, his head-strong insistence on pouring seemingly endless funds into a moribund state-run energy
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By THE PULSE NEWS MEXICO STAFF After Mexico City Mayor Claudia Sheinbaum offered the relatives of the 26 fatal victims of the May 3 Line 12 Metro crash a financial compensation of just 650,000 pesos (about $32,500) each, the families filed a joint action law suit against the city late Friday, May 7. In an interview with El Financiero newspaper,
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By THE PULSE NEWS MEXICO STAFF Despite the fact that Mexico still ranks in fourth place in the number of covid-19 deaths (after the United States, India and Brazil), President Andrés Manuel López Obrador’s (AMLO) administration has committed far more financial resources to his pet Tren Maya tourist train than to public health efforts to curb the pandemic, according to
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By THE PULSE NEWS MEXICO STAFF Mexico’s inflation rate soared to 6.1 percent in April, its highest level since the year 2000, according to figures released on Friday, May 7, by the National Institute of Statistics and Geography (Inegi). The federal government’s inflation rate is based on the prices of the country’s basic food basket, food and household products that
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By THE PULSE NEWS MEXICO STAFF The problems with Mexican President Andrés Manuel López Obrador’s controversial Santa Lucía Airport project just keep adding up. In addition to work delays and over-expenditures, a high rate of workplace accidents and countless lawsuits over its prioritization and the cancelation of the previous private-sector New International Mexico Airport (NAIM) — not to mention the
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By THE PULSE NEWS MEXICO STAFF After a series of accusations of sexual abuse and rape began to mount against Mexican businessman and internationally recognized thinker Andrés Roemer Slomianski, Mexico’s Attorney General’s Office (FGR) formally ordered his arrest him on Wednesday, May 5. According to the FGR, after extensive investigation, it decided that there was sufficient evidence against Roemer for
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By THE PULSE NEWS MEXICO STAFF Mexico placed as the country with the second-highest rate of capital flight in February, according to a report released earlier this week by the U.S. Treasury Department. In total, $11.531 billion in government bonds and corporate securities left the country in February, the Treasury Department said. Only Brazil registered a higher rate of capital
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By THÉRÈSE MARGOLIS It’s official. Both Mexico’s National Electoral Institute (INE) and the Electoral Tribunal (TEPJF) that oversees it have now ruled definitively on Wednesday, April 28, that both Félix Salgado Macedonio (with an impressive political portfolio of legal accusations against him, running the gamut from alleged serial rapist to assumed multi-million peso embezzler to probable lackey for drug cartels)
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By THE PULSE NEWS MEXICO STAFF Mexico’s controversial Tren Maya tourist train, a pet project of President Andrés Manuel López Obrador (AMLO) that both national and international environmentalists have repeatedly warned could destroy over half of the Yucatan’s fragile species, will also leave more than 3,000 mostly indigenous Mexican families homeless, according to report published in El Universal newspaper on
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