Frustrated Passengers Left Frantic as Aeromar Flies Off into the Sunset
The fallout is anticipated to leave 587 Aeromar workers, pilots and flight attendants without jobs
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Mexico News Roundup
By RICARDO CASTILLO AMLO: “I’m not an ornamental vase” There must have been more to the matter than met the naked eye. If not, why did Mexican President Andrés Manuel López Obrador (AMLO) raise so much hell over it? On Sunday, April 26, the Mexican Business Association and the investment department of the Inter-American Development Bank (BID) announced that they
Read moreMexican Steel Tycoon’s Arrest Foreshadows Political Storm
By RICARDO CASTILLO The financial-political scandal in Mexico that is threatening to become a perfect storm is nothing new. It’s been in the making for 28 years now, but in the bat of an eye this week, two arrest warrants were issued by the Fiscal Attorney General of the Republic. That’s what this story is about. On Tuesday,
Read moreInvestors Panic, Bolsa Plunges and Peña Nieto Doesn’t Even Say Quack
By RICARDO CASTILLO Here’s the sequence of events that led to a market selloff at the Mexican Stock Exchange (Bolsa Mexicana de Valores) that provoked the loss of nearly 6 percentage points and nearly 90 billion pesos over the last week, mostly for banks. First, on Wednesday, Nov. 7, came the not-so-casual news from the National Regeneration Movement (Morena) political party majority leader
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