By RICARDO CASTILLO An Irate Response After Mexican President Andrés Manuel López Obrador (AMLO) asked Supreme Court Chief Justice Arturo Zaldivar to order an investigation into Judge Juan Pablo Gómez Fierro (who indefinitely suspended the president’s controversial new electricity bill), Zaldivar complied and requested the officer in charge of the Council of the Judiciary, Carlos Alpízar, to pay a visit
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By RICARDO CASTILLO Lozoya Case Postponed The start date for the trial of former Petróleos Mexicanos (Pemex) Director Emilio Lozoya Austin was postponed on request of the Mexican Attorney General’s Office due to pandemic-related complications. The deadline was supposed to be last Sunday, March 7. Judge José Artemio Zúñiga Mendoza, however, granted investigators more time to conclude the presentation of
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By RICARDO CASTILLO Ancira Negotiations Imprisoned Mexican steel tycoon Alonso Ancira’s lawyer, José Luis Castañeda, continued negotiations at the Mexico City North Penitentiary late Tuesday, Feb. 9, and finally came up with a figure that his client will have to pay to win his freedom. In an out-of-court negotiation still to be ratified, Mexico’s state-run oil company Petróleos Mexicanos (Pemex)
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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 Debt Restructuring Plan The Mexican Treasury and the National Banking and Stocks Commission (CNBV) launched a national debt relief package to help borrowers and banks alike during the covid-19 pandemic-provoked economic crisis. The plan includes a downsizing of the agreed-upon interest rate and reduces the monthly amount borrowers are currently paying. All news arrangement will have to
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By RICARDO CASTILLO Brutal Contradictions in 4T Environment and Natural Resources Secretary (Semarnat) Victor Manuel Toledo Manzur in an apparently private gathering called on the public not to idealize Mexican President Andrés Manuel López Obrador’s (AMLO) Fourth Transformation (4T) ideological program because, he said, there are within it “brutal contradictions” and “it does not exist” when it comes to protecting
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By RICARDO CASTILLO Upon turning over the care of the country’s customs service to the military on July 17 in Manzanillo port, Mexican President Andrés Manuel López Obrador (AMLO) finished his statement by saying that the times of “el que no transa, no avanza” (“he who does not double deal does not avance”) are over. The saying is a favorite
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By RICARDO CASTILLO Little Parties on the Skid The Mexican Senate, presided over by Mónica Fernández of the National Action Party (PAN), dissolved the partisan representation of the Party of the Democratic Revolution (PRD) and the Social Encounter Party (PES) for not meeting the minimum of five senators to be counted as a party. The PRD, led by former Mexico
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By RICARDO CASTILLO Jalisco Skids Deeper in Debt As pressure grows on Mexican President Andrés Manuel López Obrador (AMLO) “to make use” of credits available from international funding organizations, the president becomes more adamant and intrinsic about pushing the nation into further debt. Much of that pressure is coming from opposition state governors, who convened last week in Parras, Coahuila,
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By RICARDO CASTILLO USMCA to Take Effect July 1 The trilateral trade treaty known in the United States as the United States-Mexico-Canada Agreement (USMCA), in México as the T-MEC, and in Canada by the same old term as the previous accord, the North American Free Trade Agreement (NAFTA), will most definitely go into effect on July 1. The announcement was
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