Tag Archives: fuel theft

Eclac’s Bárcena: AMLO Grabbed the Bull by the Horns

By RICARDO CASTILLO Mexicans are divided between two opinions: One, those who have faith in the “profound economic model transformation” slowly but surely being promoted by President Andrés Manuel López Obrador (AMLO), and two, those AMLO calls “conservative hypocrites,” who are presently even denouncing the Mexican democratic system as nothing less than a scourge for having elected this populist dude

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AMLO Strikes Down Corporate Tax Waivers

By RICARDO CASTILLO     With a stroke of his pen, Mexican President Andrés Manuel López Obrador (AMLO) on Monday, May 20, eliminated tax waivers for big Mexican corporations that they had enjoyed since year 2000. The tax waivers were perfectly legal. They  had been awarded by former Presidents Vicente Fox and Felipe Calderón, and sustained by Enrique Peña Nieto. In total,

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Two Mouths, Multiple Opinions

By RICARDO CASTILLO     For a “misunderstanding,” the initiation of the construction of the Dos Bocas port refinery was surely a noisy one. But then, it only helps to deepen the polarization of Mexican President Andrés Manuel López Obrador (AMLO) and his multiple detractors, mainly international rating companies concerned about the state-run oil company Petróleos Mexicanos’ (Pemex) huge debt of $95.6

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AMLO’s First 100 Days as Team Mexico Manager

By RICARDO CASTILLO     Mexican President Andrés Manuel López Obrador(AMLO) is currently preparing his report on his first 100 days in office. The precise day will be Sunday, March 10, but he’s already announced that he will instead blow his own horn on Monday, March 11, during his daily morning press conference at the National Palace in Mexico City. Last Wednesday,March

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Who Rates the Rating Agencies?

By RICARDO CASTILLO     Is the Damocles sword a mythical tale? Surely not for Mexican President Andrés Manuel López Obrador (AMLO), who now sees it swinging over his political neck like a pendulum in the form of international rating agencies Fitch, Moody’s and S&P. The awesome rating threesome has lashed out against Mexico, putting the nation’s economy not on a downward

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Consumers Pay Price for Mexican Fuel Theft Crackdown

By THE PULSE NEWS MEXICO STAFF     Gasoline theft might have dropped significantly as a result of Mexican President Andrés Manuel López Obrador’s (AMLO) ambitious crackdown on huachicoleo (fuel piracy), but its consumers who are paying the price at the pumps. According to government’s Energy Regulatory Commission (CRE), between the second and third weeks of February, the average price nationwide of

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Kazakh Envoy Touts Nation’s Accomplishments, Dodges Questions on Human Rights

By THÉRÈSE MARGOLIS     Kazakhstani Ambassador to Mexico Andrian Yelemessov has no great love for Human Right Watch (HRW), the New York-based NGO that has been defending refugees, migrants and political prisoners since 1978. “For me, that organization is bad,” Yelemessov told Pulse News Mexico during a press conference at his embassy on Wednesday, Feb. 20, to tout his government’s economic

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Mexican Congress Approves Bill to Broaden List of Crimes Meriting Remand without Bail

By THE PULSE NEWS MEXICO STAFF     Despite condemnation from Mexico’s National Human Rights Commission (CNDH), as well as the United Nations Human Rights Council, the Mexican Congress approved a bill on Tuesday, Feb. 19, that adds nine new charges to the list of crimes for which suspects must be held without the possibility of bail, including electoral fraud and fuel

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