By RICARDO CASTILLO The sudden cancellation of a coal-purchasing contract by Mexico’s state-owned Federal Electricity Commission (CFE) came as a bucket of ice water to supplier mining company Micare, a subsidiary of steel mill Altos Hornos de México (AHMSA). The issue, however, is a lot more complicated than just a breach a contract. The first thought that comes to mind
Read more
By RICARDO CASTILLO Three Executives Resign on AMLO After three women government executives resigned their posts on Friday, June 19, Mexican President Andrés Manuel López Obrador (AMLO) retorted: “All those who are not in agreement with the Fourth Transformation should consider resigning too.” AMLO also questioned the existence of some organizations that “sprouted like mushrooms” in past administrations, and now
Read more
By RICARDO CASTILLO Suits Filed against Polevnsky A suit for charges of fraud worth 809 million pesos and money laundering was filed Wednesday, June, 18 by the temporary presidency of Mexico’s incumbent National Regeneration Party (Morena) against its former president, Yeidckol Polevnsky. The suit was filed before the office of the Mexican Fiscal General (FGR). At the same time, the
Read more
By RICARDO CASTILLO Officially, the calendar for Mexico’s 2021 midterm elections kicks off in October. But let there be no doubt that since President Andrés Manuel Lopez Abrader (AMLO) had his press secretary, Jesús Ramirez, read aloud the Broad Opposition Front (BOA) anonymous document, he either inadvertently or shrewdly kicked off the electoral year debate. For background, please read my
Read more
By RICARDO CASTILLO Sener Presents Blueprint for CFE and Pemex The Mexican Energy Secretariat (Sener) made public a blueprint of a plan to diminish the use of renewable energy from producers in order to strengthen the battered finances of the state-owned Federal Electricity Commission (CFE) and oil company Petróleos Mexicanos (Pemex). With this still-unapproved document, the Sener said it hopes
Read more
By RICARDO CASTILLO Ever since Mexican President Andrés Manuel López Obrador (AMLO) made public his receiving of the anonymous document BOA (initials in Spanish for Broad Opposition Bloc), talk about his suggestion that the country adopt a two-party political system has broke loose. As in all things, there are those in favor and those against, but most agree that the
Read more
By RICARDO CASTILLO Gradual Business Reopenings Begin Ever so trepidly and not without fear that it might not be the right move to make, Mexico City and 16 Mexican states will begin gradual reopening for business as of Monday, June 16, after a harrowing 90-day lockdown that began on March 15. City and state authorities have warned that if there
Read more
By RICARDO CASTILLO Government Downsizing The exact significance of politically oriented economic moves is inevitably in the eye of the beholder. This past week, there several events occurred in Mexico that have been interpreted according to different interests. Businessmen generally consider downsizing a natural move to make a company more profitable But in terms of government cuts, that same downsizing
Read more
By RICARDO CASTILLO Politicking Mexican President Andrés Manuel López Obrador (AMLO) tossed a boa constrictor into the national political swamp on Tuesday, June 9. No doubt all political toads, snakes and even crocs and other amphibians quietly swimming around jumped out of the water, scared as hell. AMLO had his press secretary Jesús Ramírez Cuevas read aloud a document that
Read more
By RICARDO CASTILLO Police Brutality Accusations After a raucous weekend of protests and arbitrary arrests, the Jalisco State Human Rights Commission (CEDHJ) is demanding that all police commanders who participated in the detentions be removed from their posts. At the top of the list is the state attorney general, Gerardo Octavio Solís, who allegedly ordered the arrests of the protesters,
Read more