By RICARDO CASTILLO Mexico’s top financial authorities issued an alternative banking program to help Mexican migrant workers in the United States make the most out of their remittances, which in 2020 amounted to over $40 billion. The alternative banking plan comes as a response to the Bank of Mexico bill proposed by the country’s majority party, the National Regeneration Movement
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By KELIN DILLON National Regeneration Movement (Morena) Senator Ricardo Monreal announced on Monday, Feb. 8, the exact framework for his new initiative to regulate social networks in Mexico in his attempt to protect freedom of expression in virtual spaces. The initiative will only apply to social media networks that have and operate over one million users, deeming them “relevant” for
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By RICARDO CASTILLO Gags on Twitter and Facebook? A bill to “regulate the performance of social networks” in Mexico is due to be introduced in Congress this week by Senator Ricardo Monreal. The proposed bill would regulate social network companies like Twitter and Facebook on a national scale and would prevent them from censuring accounts of people or entities that
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By RICARDO CASTILLO A Birds Story Birds of a feather flock together, says the old adage. This week began with U.S. President Donald Trump on Monday, Jan. 11, visiting part of his “wonderful wall” in Alamo, a township just east to McAllen, along the Mexico-Texas border. He took the occasion to praise Mexican President Andrés Manuel López Obrador (AMLO) with
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By RICARDO CASTILLO The last brawl in this legislative year in the Mexican Congress was over the so-called “Monreal Bill” that was stuck in the middle of a verbal debate and its vote postponed until February. The bill is also known as the “Bank of Mexico,” or “Banxico Bill,” and it has already passed with leeway at the Senate, and
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By KELIN DILLON Considerable controversy has arisen in Mexico over the Senate’s approval of reforms to the Bank of Mexico (Banxico), known as the Monreal Law, named after Senator Ricardo Monreal, who drafted the bill. Now, Secretary of Finance and Public Credit (SHCP) Arturo Herrera Gutiérrez has announced a postponement of these reforms until February 2021. “Clearly, very important implications
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By RICARDO CASTILLO AMLO Reshuffles his Queens The reshuffling of women in the Mexican presidential cabinet that was announced on Monday, Dec. 7, may not be to the liking of many, but the dice have already rolled and the shots stand. The problem with the five reappointed women in the cabinet of President Andrés Manuel López Obrador (AMLO) is not
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By RICARDO CASTILLO Ominous Holiday Warning After expert epidemiologists forecast an ominous surge of covid-19 infections for January, Mexican President Andrés Manuel López Obrador (AMLO) issued a public call on Friday, Dec. 4, for people to avoid attending traditional holiday “posadas” gatherings, which usually begin in mid-December and run through Christmas Eve, and to stay home as much as possible
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By RICARDO CASTILLO Outsourcing Bill on Collision Course The bill to “reform labor outsourcing” sent to the Chamber of Deputies by Mexican President Andrés Manuel López Obrador (AMLO) last week is definitely heading toward a collision course in Congress. Mexican Labor Secretary Luisa María Alcalde complied the bill with the helping hand of the heads of the Mexican Treasury (Hacienda),
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By THE PULSE NEWS MEXICO STAFF Mexico’s ruling National Regeneration Movement (Morena), which has been struggling to hold internal elections since November 2019, voted on Sunday, Aug. 30, for its acting interim leader Eduardo Ramírez Aguilar to serve as Senate majority leader. Ramírez Aguilar will formally take the position on Tuesday, Sept. 1, when the Mexican Congress reconvenes for its
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