OPINION By JUAN DE JESÚS BREENE Like everything else with an uncertain future, predictions for the year ahead are just that: prognoses that could or could not come to pass. That said, and with no crystal ball in hand, here are four broad predictions that most likely could be agreed upon by most in the Western Hemisphere for 2022: emerging
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By THE PULSE NEWS MEXICO STAFF Mexico’s Tax Administration Service (SAT) seems to have overharvested its big-corporation settlement program, leaving the Andrés Manuel López Obrador’s (AMLO) administration’s proverbial goose-that-lays-the-golden-egg revenue source quite literally overtaxed. According to figures from the Finance Secretariat (Hacienda), in the first 10 months of this year, the SAT collected just 148 billion pesos from audits of
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By THÉRÈSE MARGOLIS The Pandora Papers, which were released on Sunday, Oct. 3, by the International Consortium of Investigative Journalists (ICIJ), exposing the offshore financial havens and hidden riches of some of the world’s biggest movers and shakers, has opened a whole new can of worms for the leftist National Regeneration Movement (Morena) party of Mexican President Andrés Manuel López
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By THE PULSE NEWS MEXICO STAFF Mexican Finance (Hacienda, or SHCP) Secretary Rogelio Ramírez de la O will need to earmark at least $8.9 billion of federal funds for the state-run oil company Petróleos Mexicanos’ (Pemex) refinery division between 2022 and 2024 in order for the country to become self-sufficent in gasoline production, according to a study conducted by the
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By THÉRÈSE MARGOLIS Despite a dramatic 74 percent uptick in violent crimes, a 7.3 percent increase in poverty, a contraction of the national economy every year since he took office, and, lest we forget, a dismal mismanagement of the covid-19 pandemic that has resulted in the deaths of nearly 260,000 Mexicans (and that’s just based on the official numbers, outside
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By THÉRÈSE MARGOLIS It pretty much was to be expected: First, Mexican President Andrés Manuel López Obrador (AMLO) endowed the nation’s military with the gift of nonaccountability, meaning that it doesn’t have to report to anyone what it is doing or how much it is spending doing it. Then, he placed the construction and administration of his highly controversial Tren
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By THE PULSE NEWS MEXICO STAFF Due to their speculative nature and frequent use for illicit purposes, cryptocurrencies are not and will not be legal assets in Mexico, Finance (SHCP, or Hacienda) Secretary Arturo Herrera said Monday, June 28. “Cryptocurrencies are prohibited for use in the Mexican financial system. There is nothing that is expected to change on that issue
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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
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By THÉRÈSE MARGOLIS Ever since he first took office in December 2018, Mexican President Andrés Manuel López Obrador (AMLO) has been pushing to consolidating his institutional power by dismantling independent institutions, mandating constitutional rewrites and discrediting his opponents through unsubstantiated charges of criminal activity. One of the most notable victims of this latter political tactic has been the current governor
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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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