Mexico Looks to Raise Wages

August 29, 2014

08/28/14 The Wall Street Journal

Pesos by Flickr user AleiexMexico is attracting record levels of foreign investment, boasts a stable economy, and is becoming an export powerhouse in areas like cars and aerospace. But when it comes to one economic measure—its minimum wage—the country lags behind only Haiti in the hemisphere.

Pressure is rising on the federal government to change that.

On Thursday, Mexico City’s leftist Mayor Miguel Ángel Mancera proposed to lift the federal minimum wage to 82.86 pesos a day ($6.33) for 2015, a 23% increase from the current 67 pesos ($5.12) in Mexico City and enough to buy a basic basket of foods.

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Mexico Debates Boosting Its Low Minimum Wage

August 28, 2014

08/28/14 The Wall Street Journal

peso by Guanatos GwynMexico is attracting record levels of foreign investment, boasts a stable economy and is becoming an export powerhouse in areas like cars and aerospace. But when it comes to one economic measure—its minimum wage—the country lags behind only Haiti in the hemisphere.

That may soon change. On Thursday, Mexico City’s leftist Mayor Miguel Ángel Mancera submitted a bill to Congress seeking to lift the federal minimum wage to 82.86 pesos a day ($6) for 2015, a 23% increase from the current 67 pesos in Mexico City and enough to buy a basic basket of foods.

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Mexico: Remittances as a crime-fighting weapon

August 28, 2014

08/28/14 Financial Times – Beyond brics

federal police mexicoMexico has a brand new police force, the gendarmería tasked with beefing up the country’s crackdown on crime.

But according to the Inter-American Development Bank(IDB), it may have a powerful crime-fighting weapon already: remittances.

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GM Moving Cadillac SRX Production to U.S. From Mexico

August 28, 2014

08/27/14 The Wall Street Journal

autosGeneral Motors Co. on Wednesday said it would invest as much as $185 million to build small engines at its Spring Hill, Tenn., factory and move production of its Cadillac SRX crossover vehicle to the facility from Mexico, capping a multiyear shift by the auto maker to bring more work back into its unionized U.S. factories.

Production of the about $40,000 SRX, now assembled at the Detroit auto maker’s Ramos Arizpe, Mexico, factory, will move to the former Saturn division facility in late 2015 with the launch of the second generation SRX. The car should arrive in showrooms in early 2016.

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Border Patrol sued in fatal shooting of man in Mexico

August 28, 2014

08/27/14 Los Angeles Times

border patrolThe family of a Mexican man who was shot and killed by U.S. Border Patrol agents two years ago has filed a civil rights lawsuit alleging that the agency sanctioned an unbridled use of deadly force in response to rock throwing.

The suit, filed Wednesday in federal court in Laredo, Texas, is the latest to argue that constitutional civil rights protections against excessive force should apply to noncitizens who are in Mexico.

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Mexico’s Pemex aims to start importing light crude this year

August 28, 2014

08/28/14 Reuters

pemex21Mexican state-owned oil company Pemex wants to launch light crude oil imports later this year, potentially reaching up to 70,000 barrels per day (bpd) and aimed at boosting refinery output, the head of its commercial arm said.

The imports would mark an abrupt shift from a decades-old devotion to crude oil self-sufficiency in Mexico, long a major exporter to the United States. It also comes after a sweeping energy sector overhaul which seeks to reverse many years of declining output and export volumes.

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Gov. Jerry Brown, Mexico’s president talk trade in L.A.

August 28, 2014

08/26/14 Los Angeles Times

hand shakeGov. Jerry Brown and Mexican President Enrique Peña Nieto shared the stage in Los Angeles to speak about opportunities for the Golden State and its southern neighbor to work together on business opportunities, climate change and higher education.

“We share language, territory, trade,” Brown said Monday at the Millennium Biltmore Hotel, where Peña Nieto kicked off a two-day trip to California. “We share the sun, the wind, businesses like oil production.”

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