Tag Archives: Sonora

Mexico News Roundup

By RICARDO CASTILLO Happy Birthday, Carlos Slim Just as Mexico’s and Latin America’s wealthiest man, Carlos Slim, was gearing up to celebrate his 80th birthday on Tuesday, Jan. 28, the Federal Telecommunications Institute (IFT) delivered a special gift that surely the tycoon did not appreciate: a fine for nearly 1.39 billion pesos. The fine applied directly to mismanagement of accounting

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Mexico News Roundup

By RICARDO CASTILLO     Migrants Try to Barge into Mexico Throngs of Central American migrants Sunday, Jan. 19, continued to gather along the Guatemalan border on Sunday, Jan. 19, with the intent of moving through Mexico to the United States. On Saturday. Jan. 18, approximately 1,500 of the mostly Honduran migrants attempted to stage their first show of force

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Mexico News Roundup

By RICARDO CASTILLO     García Luna Refuses Mexico’s Help Shackled and wearing an orange prison jumpsuit, Mexico’s former top cop Genaro García Luna appeared before Judge David Horan of the Dallas Federal Court on Tuesday, Dec. 17. García Luna, who was the public security secretary under former Mexican President Felipe Calderón (2006-2012), declined during his brief 10-minute court appearance his right

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No Republican Austerity for Mexico’s Political Parties

  By RICARDO CASTILLO There are two facts of life about Mexican democracy: One, it is run and operated by an autonomous organization, the National Electoral Institute (INE), and two, it is one of the most expensive government-subsidized democracies in the world. At this time of year, it is relevant to take the above-mentioned facts into consideration because at the

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Germán Larrea in the Spotlight, Again

By RICARDO CASTILLO      Every now and then, more often than not, the name of Mexico’s fourth-wealthiest man, Germán Larrea Mota-Velasco, dominates the media with controversial reports. In fact, at the Environment and Natural Resources Secretariat (Semarnat), there are a myriad of files open charging Larrea with crimes of pollution. And if we gauge the amount of media space devoted

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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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