Tag Archives: Ricardo Castillo

Who Rates the Rating Agencies?

By RICARDO CASTILLO     Is the Damocles sword a mythical tale? Surely not for Mexican President Andrés Manuel López Obrador (AMLO), who now sees it swinging over his political neck like a pendulum in the form of international rating agencies Fitch, Moody’s and S&P. The awesome rating threesome has lashed out against Mexico, putting the nation’s economy not on a downward

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Mexico’s Cash Cow Runs Dry

By RICARDO CASTILLO     There’s no question about it: Mexico’s once-prolific cash cow has run dry. The country’s economic national pride, the state-run oil giant Petróleos Mexicanos (Pemex), is now in financial straits, with its latest corporate report showing that just in the last quarter of 2018, it “lost” over 2 billion pesos. That definitely makes Pemex the only oil company

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AMLO’s Stance on Venezuela: Yes to Mediation, No to Intervention

By RICARDO CASTILLO     As the internal conflict inside Venezuela grows on a daily basis, the numbers of voices in Mexico pleading with President Andrés Manuel López Obrador (AMLO) to declare himself in support of the cause of the now-enormous number of nations (and columnists in Mexico) favoring self-appointed “substitute President” Juan Guaidó over ruling President Nicolás Maduro. On Monday, Feb.

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Senate Sends National Guard Bill Back into Deputies’ Court

By RICARDO CASTILLO     The first complete draft for a viable law that allows for military participation in civilian policing activities was unanimously approved by the Mexican Senate last week. That step, however, is only the first move for the bill. Originally, the lower house Chamber of Deputies had sent a draft that had been sent to them by President Andrés

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Islas Marías: From Penal Colony to Nature Reserve

By RICARDO CASTILLO     Mexican President Andrés Manuel López Obrador (AMLO) announced on Monday, Feb. 18, that the group of islands off the country’s Pacific coast known as the Islas Marías, which, in the 1940s were transformed from a high-security federal penitentiary into a low-security prison for nonviolent offenders with a minimum two-year sentence, will soon become a cultural center and nature reserve

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All the (Former) Presidents’ Men (and an Ex-President to Boot)

By RICARDO CASTILLO     What was the political gossip this week in Mexico? Definitely, the “denunciations” President Andrés Manuel López Obrador (AMLO) made of nine past officials for stealing money from the near-bankrupt, still-government-run electricity monopoly, the Federal Electricity Commission (CFE). As we covered in Pulse News Mexico, on Monday, Feb. 11, the president, during  his daily press conference at the National Palace in downtown Mexico City,

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