By THE PULSE NEWS MEXICO STAFF Mexico, along with Chile and Brazil, had the highest economic inequality among Latin American countries, according to a regional report by the United Nations Development Program (UNDP) released earlier this week. “Despite decades of progress, the region continues to be the second-most-unequal in the world (after the African sub-Sahara), and income inequality in Latin
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By THÉRÈSE MARGOLIS While Mexican President Andrés Manuel López Obrador (AMLO) continues to dole out high-ranking (and high-paying) government jobs to luggage porters and entourage traffic managers with little or no academic or professional qualifications (other than their undying loyalty to him), on Monday, June 22, he ousted one of his “most-uncompromising” (his words) proselytes from her office as head
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By THÉRÈSE MARGOLIS In school, a strong B across the board is considered to be a respectable grade. In the world of financial credit ratings, not so much. Although the way that each of the Big Three rating agencies — Standard and Poor´s (S&P), Moody’s Analytics and Fitch Ratings, which collectively account for 99 percent of the world’s ratings market
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By THÉRÈSE MARGOLIS Despite extensive campaigns across Mexico’s capital aimed at gaining and maintaining control over its 32 precincts in the midterm elections on Sunday, June 6, preliminary vote counts indicate that the leftist National Regeneration Movement (Morena) lost territory as a result of the polling. Morena, founded by President Andrés Manuel López Obrador (AMLO) as a platform to promote
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By THÉRÈSE MARGOLIS Mexican President Andrés Manuel López Obrador (AMLO) is not unaccustomed to bad press. Ever since he took office in December 2018 for what he has promised will be a normal six-year term (as specified in the Mexican Constitution, but which many of his detractors fear he will extend, as he has already extended the constitutional term of
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By THE PULSE NEWS MEXICO STAFF Just five days before a visit from U.S. Vice President Kamala Harris and four days before Mexico’s largest elections ever, President Andrés Manuel López Obrador (AMLO) on Wednesday, June 2, accused the U.S. Embassy here of trying to “fuel descent” against his government by supporting independent civil organizations. Speaking during his daily morning press
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By THE PULSE NEWS MEXICO STAFF There seems to be no bounds when it comes to Mexican President Andrés Manuel López Obrador’s (AMLO) tenacious obsession with keeping his leftist National Regeneration Movement (Morena) party in power. As El Universal columnist and FOROtv news anchor Ana Paula Ordorica pointed out in a May 19 article for Americas Quarterly magazine, even when
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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 Private investment in Mexico sank 19.89 percent in 2020, its biggest decline in 25 years. The decrease in fresh investment, measured as the Gross Formation of Private Fixed Capital (GFCF), represents the deepest slide since the 1995 financial crisis, when investment dropped by 38.51 percent, according to seasonally adjusted figures from the National Institute
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By THE PULSE NEWS MEXICO STAFF After Mexico City Mayor Claudia Sheinbaum offered the relatives of the 26 fatal victims of the May 3 Line 12 Metro crash a financial compensation of just 650,000 pesos (about $32,500) each, the families filed a joint action law suit against the city late Friday, May 7. In an interview with El Financiero newspaper,
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