Tag Archives: Pemex

Eclac’s Bárcena: AMLO Grabbed the Bull by the Horns

By RICARDO CASTILLO Mexicans are divided between two opinions: One, those who have faith in the “profound economic model transformation” slowly but surely being promoted by President Andrés Manuel López Obrador (AMLO), and two, those AMLO calls “conservative hypocrites,” who are presently even denouncing the Mexican democratic system as nothing less than a scourge for having elected this populist dude

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Alfonso Romo, AMLO’s Link to the Wealthy

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

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AMLO’s Economic Thimblerig

By THÉRÈSE MARGOLIS In yet another of his baffling political sleights of hand, Mexican President Andrés Manuel López Obrador (AMLO) on Wednesday, July 31, somehow managed to convince his adoring hordes of blind followers that a 0.1 percent growth rate for the second quarter of 2019 – which, in fact, confirmed that the country is in a state of economic

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Figures Show Mexico Not in Recession

By RICARDO CASTILLO    Let the fireworks light up the cloudy Mexican economics sky. The great news deserves the glow in the heavens. The economy grew in the second quarter of 2019 by 0.1 percent and, according to the National Institute of Geography and Statistics (Inegi), which carries out the official econometrics gaging, “there is no recession.” The news was made

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