By THE PULSE NEWS MEXICO STAFF In a blow to Mexican President Andrés Manuel López Obrador’s (AMLO) ongoing efforts to concentrate all political power and federal spending decisions into his person, the country’s Supreme Court (CSJN) on Tuesday, April 5, ruled that he will no longer be able to decide how to discretionally dispose of financial resources saved by his
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By THÉRÈSE MARGOLIS Mexican President Andrés Manuel López Obrador (AMLO) said Friday, March 25, that under his controversial proposed Electricity Reform Bill, which would prioritize state-run companies using carbon-based fuels over private clean energy sources, there will be no government compensation for losses incurred by private-sector suppliers. In response to concerns expressed by U.S. Trade Representative Katherine Tai, who on
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By ANTONIO GARZA, former U.S. ambassador to Mexico
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By KELIN DILLON According to the Mexican Center for Economic and Budgetary Research (CIEP), if the current tax subsidies provided to gasoline and diesel by the Special Tax on Production and Services (IEPS) are maintained, the Mexican economy will lose 554 billion pesos and experience 2.4 percent contraction in GDP in 2022 as a direct result of the policy. Given
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By KELIN DILLON In the central Mexican state of Hidalgo, gangs of huachicoleros – gas thieves and resellers – have taken their operations to another level of stealth, building secret underground tunnels to tap into and siphon gas from the area’s network of Petróleos Mexicanos (Pemex) pipelines without detection. According to soldiers stationed in the region, the huachicoleros are able
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By THE PULSE NEWS MEXICO STAFF Although Mexico exports crude oil, it is a net importer of carbon-based fuel, meaning that it imports more oil products than it imports. Consequently, the surging price of international oil, and by extension, all oil-based products, such as gasoline, will negatively impact Mexico’s finances, Janneth Quiroz Zamora, deputy director of economic analysis at the
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By THE PULSE NEWS MEXICO STAFF After audio recordings of Mexican Attorney General Alejandro Gertz Manero were leaked on YouTube on Friday, March 4, showing him plotting with Federal Prosecutor Juan Ramos López regarding the ongoing “case” against Gertz Manero’s 94-year-old sister-in-law and 69-year-old niece, President Andrés Manuel López Obrador (AMLO) once again expressed his unflinching support of the controversial
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By THE PULSE NEWS MEXICO STAFF London’s esteemed Financial Times (FT) newspaper on Sunday, March 6, called on Mexican President Andrés Manuel López Obrador (AMLO) to “learn from his mistakes” and “to rethink his policies” that are dragging the country back to the 1960s. “López Obrador was famous for defying political gravity,” the world’s leading business publication said in an
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OPINION By THÉRÊSE MARGOLIS In what might finally be the beginning of the end of the judicial terror imposed by Mexican Attorney General Alejandro Gertz Manero, the recordings of two phone conversations were leaked on YouTube on Friday, March 4, proving (once again) Gertz Manero’s direct intervention into judicial cases in which he has a vested interest. In the recordings,
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By THE PULSE NEWS MEXICO STAFF Keeping President Andrés Manuel López Obrador’s (AMLO) promise on Thursday, March 3, to not raise gasoline prices as global crude oil prices soar will come with a hefty price tag for his administration, experts warned on Friday, March 4. Just last January, the fiscal stimulus granted by the government to gasoline consumers represented a
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