By RICARDO CASTILLO AMLO, Biden in Virtual Meet On Monday, March 1, U.S. President Joe Biden is slated to hold a virtual conference with Mexican President Andrés Manuel López Obrador (AMLO). This will be the second virtual gathering both presidents have, the last one having been on Jan. 22. According to White House sources, the two are expected to discuss
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By RICARDO CASTILLO AMLO on an Electrical Collision Course Mexican President Andrés Manuel López Obrador (AMLO) clearly sent a “suggestion” to the Chamber of Deputies in regards to their discussions over the increasingly controversial bill regulating the state-owned Federal Electricity Commission (CFE). “Do not change even an iota of the text” that they had received from him for a fast-track
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By RICARDO CASTILLO New Dollar Revenues Law The Mexican Senate approved a bill on Wednesday, Dec. 9, stipulating that all foreign currencies income flowing into Mexico should stay in the nation and not be allowed to be repatriated to the country of its origin. The board of directors of Mexico’s central bank, Banco de Mexico (Banxico), immediately challenged the bill,
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By RICARDO CASTILLO Outsourcing Vote Postponed The Mexican Chamber of Deputies postponed the vote on the outsourcing regulation bill, which was slated to take place on Thursday, Nov. 26. Now, the debate over it will continue until sometime next week. The decision came after there was an exponential increase of speakers taking the podium from 70, on Monday, Nov. 23,
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By RICARDO CASTILLO Businesses Hit the Outsourcing Panic Button The start of an Open Parliament to discuss Mexican President Andrés Manuel López Obrador’s (AMLO) proposed reform of outsourcing practices forced the leading business organization representatives to call for an emergency meeting with him that very same day. The president received the businessmen at the National Palace. Given the positioning of
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By THE PULSE NEWS MEXICO STAFF After more than 13 months behind bars, Mexico”s former secretary of Social Development (Sedesol) Rosario Robles Berlanga, was finally released on personal recognizance on Thursday, Sept. 24. Robles — who was previously denied bail on the grounds that she could be a flight risk by a circuit court judge, Felipe de Jesús Delgadillo Padierna,
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By THÉRÈSE MARGOLIS If there remains any doubt as to whether or not Mexican President Andrés Manuel López Obrador (AMLO) has assumed dictatorial powers, his blatant use of “trial by president” should be proof enough for anyone with even the slightest knowledge of how a democracy is supposed to work. Let me be very clear: The fact that AMLO has
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By RICARDO CASTILLO The one similarity between former Petróleos Mexicanos (Pemex) Director Emilio Lozoya Austin and Secretary of Agrarian, Territorial and Urban Development (Sedatu) Rosario Robles Berlanga is that both were high level officials during the administration of former Mexican President Enrique Peña Nieto. That is about it. Now that both are being charged of crimes against the nation’s finances,
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By RICARDO CASTILLO A Call to Civil Disobedience TVAzteca anchorman Javier Alatorre in the station’s nightly newscast “Hechos” (“Facts”)created a humongous scandal on Friday, April 17, after claiming the following: “As every night, Health Undersecretary Hugo López-Gatell led the (press) conference on Covid-19 in Mexico. But his figures and his conferences have become irrelevant. Furthermore, and to put it plainly,
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By RICARDO CASTILLO The Return of the Swaps The U.S. Federal Reserve (Fed) struck a deal with eight national central banks, including the Banco de México (Banxico), to back up dollar-denominated loans in global markets in an attempt to stabilize the exchange market, now under stiff pressure from the Covid19 pandemic. Banxico issued a press release explaining: “The swap mechanism
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