By RICARDO CASTILLO Weathering a Perfect Storm Over the past few days, representatives of all o Mexico’s major banks have held separate press conferences previous to the annual Mexico Banks Association Convention, now being held in Acapulco. Each of the interviewed representatives showed acceptance for the policies of Mexican President Andrés Manuel López Obrador (AMLO). This is an indicator that
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By RICARDO CASTILLO Coverage Stops Peso, Oil Skids The Mexican government took several emergency measures to contain the downslide of the peso against the U.S. dollar over the weekend. The peso that got wobbled with a jaw punch but did not hit the canvas. It just showed shaky knees. Both the Central Bank of Mexico (Banxico) and the Treasury Secretariat
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By RICARDO CASTILLO Two Women’s Days It’s not amazing, given the nature of the brutality of some Mexican machos, to be witnessing the enormous support the two days of protest by Mexican women is getting just about from everywhere. You name it, social groups, universities, government secretariats (like Education, no classes on Monday, March 9) and entrepreneurial groups have all
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By RICARDO CASTILLO Peña Nieto Not Under Investigation What? Fake news in the Wall Street Journal? You bet ya! This past week, the WSJ published a news item claiming that Mexican Fiscal General Alejandro Gertz Manero had evidence that corruption in the Pemex-related Emilio Lozoya Austin case reached to the highest level, inferring that former Mexican President Enrique Peña Nieto
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By RICARDO CASTILLO Just in case anyone still had any doubts, the old Mexican political system embedded in the once-governing Institutional Revolutionary Party (PRI) seems to be composed not only of a pack of thieving scoundrels, but also of cowards. The reaction of some of the leading members of whatever is left of the PRI to the arrest earlier this
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By RICARDO CASTILLO The key topic of talk in Mexi9co’s political circles last week was definitely the arrest of former Petróleos Mexicanos (Pemex Director Emilio Lozoya Austin in Málaga, Spain. Lozoya was temporarily jailed to await extradition to Mexico. The Fiscal General of the Republic has issued four different arrest warrants for Lozoya, charging him with a battery of crimes,
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Together at Last
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By RICARDO CASTILLO 69 New Barracks for National Guardsmen Mexican President Andrés Manuel López Obrador (AMLO) spent the weekend inaugurating new barracks for the National Guard in the states of Jalisco, Michoacán and Guanajuato, the latter two known for a high presence of organized criminal gangs. Mexican Defense Secretary Luis Cresencio Sandoval said each barrack will house somewhere between 120 and
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By RICARDO CASTILLO Lozoya Nabbed in Malaga Former Petróleos Mexicanos (Pemex) Director Emilio Lozoya Austin was finally found and arrested in Malaga, Spain, by the Spanish police. The news was broken personally in radio interviews on Wednesday, Feb. 12, by Fiscal General Alejandro Gertz Manero. “It was a long pilgrimage (to track down Lozoya Austin) with the arrest warrant we
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By RICARDO CASTILLO Presidential Turkey Might Just Fly After several weeks of indecision, Mexican President Andrés Manuel López Obrador (AMLO) has opted to hold a super lottery draw next Sept. 15 to “sell off” the onerous Dreamliner 757 deluxe transport presidential jet used by his predecessors Felipe Calderón and Enrique Peña Nieto, valued at $130 million. During his daily morning
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