By RICARDO CASTILLO Unemployment: Mexico’s New Nightmare Over 555,000 Mexican workers lost their jobs in April alone. Those who lost jobs in May are not yet counted in a report issued on Tuesday, May 12, by the Mexican Social Security Institute (IMSS). The bulk of the lost jobs, according to the IMSS, was in manufacturing, including high-employment maquiladoras, auto industries and
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By RICARDO CASTILLO Financial desperation and back-to-work decision-making just as Mexico enters what is expected to be the peak of its covid-19 pandemic are definitely poorly timed. But then, that’s the reality the Mexican government is facing today. As of Tuesday, May 12, Mexico’s National Health Council announced the approval of four agreements for a progressive lifting of stay-at-home measures
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By RICARDO CASTILLO Pressure to Restart Work Pressure on the Mexican government to get the economy going again is mounting from all sides. Health Secretary Jorge Alcocer, who is responsible for determining which municipalities and industries can reopen, however, does not yet have an answer. “In general there are approximately 990 municipalities applying to restart, but only about a third
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XINHUA Maribel Mendez, a 47-year-old street vendor selling Mexican handicrafts outside the National Anthropology Museum in Mexico City, a place usually bustling with tourists and locals, is now struggling with her business, as the capital tries to ride out the Covid-19 pandemic under lockdown. Mendez’s stand is now covered up, since the museum — as well as schools, gyms, theaters,
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By THÉRÈSE MARGOLIS There’s no denying that Mexican President Andrés Manuel López Obrador (AMLO, as he likes to be called) is charismatic, and he definitely puts on a great show. In fact, his daily song and dance act at the National Palace has become a standing-room-only extravaganza with “sold-out” crowds of politically developmentally challenged proselytes who see him as
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By THE PULSE NEWS MEXICO STAFF Newly instated Mexican Banking Association (ABM) president Luis Niño de Rivera announced on Friday, March 22, that banks in Mexico will no longer charge commissions on digital accounts. Speaking before Mexican President Andrés Manuel López Obrador (AMLO) during the 82nd National Banking Conference in Acapulco, Guerrero, Niño de Rivera said that, in keeping with
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