By RICARDO CASTILLO “He slammed the door on us!” That quote is from Mexico’s Business Coordination Council (CCE) president Carlos Salazar Lomelín regarding the meeting he and other business leaders had on Monday, April 6, with Mexican President Andrés Manuel López Obrador (AMLO) concerning the nation’s booming unemployment quagmire. AMLO said his doors are open, but that he disagrees with
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By RICARDO CASTILLO Mexican Beaches Closed for Easter Mexican marines and municipal police have full control of Acapulco beaches to impede tourists from doing what they do best every Easter weekend: Enjoy their vacations. Guerrero Governor Hector Astudillo held a press conference on Tuesday, April 7, to “acknowledge the efforts being made by the persons participating in actions to keep
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By RICARDO CASTILLO Reverse Remittances While the Central Bank of Mexico has already begun whining about the potential drop in dollar-denominated remittances from the roughly 36 million Mexican workers in the United States, down to $29 billion in 2020, its U.S. counterpart, the Federal Reserve (Fed) is reporting that as of last January and through Thursday, April 2, Mexican investors
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By RICARDO CASTILLO AMLO to Issue Economic Forecast On Sunday, April 5, Mexican President Andrés Manuel López Obrador (AMLO) will issue a revamped economic forecast for year 2020. In the case of the previous forecast, all figures have been toppled by the financial ravages provoked by the Covid-19 pandemic and the global oil market pricing havoc. Regarding the previous forecast,
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By RICARDO CASTILLO Mexican President Andrés Manuel López Obrador (AMLO) has called on his opponents to agree to a political “truce” in order to abate an anti-AMLO tidal wave of fake and not-so-fake news that has recently been unleashed on Twitter and which AMLO claims is being fed by troll farms. As an example, AMLO pointed to one tweet out
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By RICARDO CASTILLO Partial National Shutdown As of Monday, March 30, Mexico officially entered into a month-long economic standstill to prevent close contact among citizens in order to avoid the spread of the Covid-19 virus. The announcement of the partial national shutdown, which will last through April 30, was made by members of Mexican President Andrés Manuel López Obrador’s (AMLO)
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By RICARDO CASTILLO That old proverb “don’t do good things that look bad” couldn’t be more timely for Mexican President Andrés Manuel López Obrador (AMLO) regarding his outing on the March 28 weekend. AMLO went to Baja California to visit two main cities. Tijuana and Mexicali, and then moved on to the state of Sinaloa, spending time in the capital
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By RICARDO CASTILLO Private Hospital Expropriations Mexican President Andrés Manuel López Obrador (AMLO) published an executive order on Friday, March 27, awarding the federal government the right to “make use of all medical sectors, public, social and private, in the regions affected by the Covid-19 pandemic.” In short, private hospitals may be privatized for pandemic use only. The decree, published
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By RICARDO CASTILLO The good news is that thus far in these coronavirus adventurous times, Mexico has registered only about 120 confirmed cases of the Covid-19 syndrome, and only one death. But in the eyes of Mexican Public Health Undersecretary Hugo López-Gatell, now the official government spokesman on the pandemic, the ordeal is just getting started and the projected worse
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By THE PULSE NEWS STAFF Mexico’s low-grade, sour crude oil hit an 18-year low on Tuesday, March 17, selling at just $18.78 a barrel, down from $24.18 a barrel on Friday, March 13, the last time that the state-run oil company Petróleos Mexicanos (Pemex) published data since Monday, March 16, was a national holiday. The last time Mexican oil sold
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