During her meeting with the Mexican Business Counci, Sheinbaum reportedly touched on the topics of trade, national security, education, and payments to suppliers of Petróleos Mexicanos
Read more
By RICARDO CASTILLO Bleak Outlook on Poverty There is no question that Mexico’s gross domestic product will plummet this year. The question is how much it will fall, and guesses range from between 5.7 percent to 10.5 percent. A recent study by the National Council for the Evaluation of Social Development (Coneval) presented two different economic scenarios for the rest
Read more
By RICARDO CASTILLO Frustrated Entrepreneurs Business and politics have intentionally been kept centralized in Mexico City for decades in Mexico. But that arrangement seems to be falling apart as a result of the divide between commerce and industrial chambers leaders, specifically, Carlos Salazar Lomelín of the Business Coordination Council (CCE), Francisco Cervantes of the Industrial Chambers Confederation (Concamin) and Antonio
Read more
By RICARDO CASTILLO There’s an old practice in Mexican political journalism known as “tying knives” (“amarrando navajas,” if you want the Spanish term.) The term is not political in origin. In fact, it actually refers to the moment before a cockfight when the people in charge of making the birds fight tie a steel blade to the roosters’ spurs. Consequently,
Read more
By RICARDO CASTILLO There’s an old Mexican adage that says that it is cheaper to make a poor deal than to fight a great fight. This might seem to be exactly what happened in the negotiations headed by Mexico’s Federal Electricity Commission (CFE) Director Manuel Bartlett Díaz and seven gas pipeline companies that signed contracts for gas ducts with the
Read more
By RICARDO CASTILLO In mid-July, former Mexican Treasury Secretary Carlos Urzúa, upon presenting his resignation to President Andrés Manuel López Obrador (AMLO), launched a frontal attack against AMLO’s Chief of Staff Alfonso Romo Garza in an interview. “It’s most difficult to understand the type of relationship, ideologically speaking, Romo has with the president,” Urzúa said. “He’s an extreme right-winger.” Urzúa
Read more