Tag Archives: Treasury Secretariat

PT Legislator Racks Up Long List of Alleged Embezzlements

By THÉRÈSE MARGOLIS Mexican Labor Party Deputy Mauricio Toledo just can’t seem to dodge the bullets that keep being hurdled at him for alleged illicit enrichment and other criminal charges. Toledo, who took office in 2018 as part of the majority party National Regeneration Movement’s (Morena) leftist coalition, is currently being investigated by the Attorney General’s Office of Mexico City,

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AMLO Pats Himself on the Back in Third-Year Address

By THE PULSE NEWS MEXICO STAFF Mexican President Andrés Manuel López Obrador (AMLO), nearly three years into his six-year term, spoke to the nation in a televised address on Thursday, July 1, marking the third anniversary of his 2018 electoral victory. During the 40-minute address, AMLO showcased what he said were his administration’s most important successes and made predictions for

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Tren Maya Tourist Train Construction is a Magical Mystery Tour

By THÉRÈSE MARGOLIS It pretty much was to be expected: First, Mexican President Andrés Manuel López Obrador (AMLO) endowed the nation’s military with the gift of nonaccountability, meaning that it doesn’t have to report to anyone what it is doing or how much it is spending doing it. Then, he placed the construction and administration of his highly controversial Tren

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Mexico Among LA Nations with Highest Economic Disparity

By THE PULSE NEWS MEXICO STAFF Mexico, along with Chile and Brazil, had the highest economic inequality among Latin American countries, according to a regional report by the United Nations Development Program (UNDP) released earlier this week. “Despite decades of progress, the region continues to be the second-most-unequal in the world (after the African sub-Sahara), and income inequality in Latin

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AMLO Fires Head of Corruption Watchdog Secretariat

By THÉRÈSE MARGOLIS While Mexican President Andrés Manuel López Obrador (AMLO) continues to dole out high-ranking (and high-paying) government jobs to luggage porters and entourage traffic managers with little or no academic or professional qualifications (other than their undying loyalty to him), on Monday, June 22, he ousted one of his “most-uncompromising” (his words) proselytes from her office as head

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Institutional Revolutionary Party Rejects AMLO’s Courtship

By THÉRÈSE MARGOLIS After Mexico’s midterm elections on Sunday, June 6, President Andrés Manuel López Obrador (AMLO) openly flirted with the idea that he could woo the once-invincible centralist Institutional Revolutionary Party (PRI) to his court in order to maintain a qualified majority in the country’s lower congressional Chamber of Deputies. But the PRI, whose members are often the object of

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Herrera to Head Banxico, Reguerra de la O Takes Hacienda

By THE PULSE NEWS MEXICO STAFF Mexican Finance and Public Credit (SHCP, or Hacienda) Secretary Arturo Herrera Gutiérrez was nominated by President Andrés Manuel López Obrador (AMLO) on Wednesday, June 9, to assume the role of  governor of the Bank of Mexico (Banxico), replacing the bank’s current head, Alejandro Díaz de León. Herrera must now be approved by the Mexican

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With Midterm Vote, Morena Loses Precincts in Mexico City

By THÉRÈSE MARGOLIS Despite extensive campaigns across Mexico’s capital aimed at gaining and maintaining control over its 32 precincts in the midterm elections on Sunday, June 6, preliminary vote counts indicate that the leftist National Regeneration Movement (Morena) lost territory as a result of the polling. Morena, founded by President Andrés Manuel López Obrador (AMLO) as a platform to promote

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US Leftist Publication Blasts AMLO’s Political Ineptitude

By THÉRÈSE MARGOLIS Mexican President Andrés Manuel López Obrador (AMLO) is not unaccustomed to bad press. Ever since he took office in December 2018 for what he has promised will be a normal six-year term (as specified in the Mexican Constitution, but which many of his detractors fear he will extend, as he has already extended the constitutional term of

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López Obrador Accuses US Embassy of Political Meddling

By THE PULSE NEWS MEXICO STAFF Just five days before a visit from U.S. Vice President Kamala Harris and four days before Mexico’s largest elections ever, President Andrés Manuel López Obrador (AMLO) on Wednesday, June 2, accused the U.S. Embassy here of trying to “fuel descent” against his government by supporting independent civil organizations. Speaking during his daily morning press

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