Headlines from Mexico

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1. On Saturday, October 29, Mexico City hosted its first ever Día de los Muertos (Day of the Dead) parade. The celebration dates back to Aztec and pre-Columbian times. It’s a celebration of life and teaches people not to be afraid of death. The festival’s also an opportunity to honor the dead.  The idea for the parade was born out of the imagination of a scriptwriter for the James Bond movie Spectre ; more than 250,000 people attended the parade.

Read more: El Universal, Excelsior, La Jornada, Animal Político

2. The Secretary of Foreign Affairs Claudia Ruiz Massieu asserted, this Thursday at the Mexican Senate, that she was aware of the decision to invite the Republican candidate Donald Trump to meet President Enrique Peña Nieto in Los Pinos. Ruiz Massieu responded that she believed that the dialogue with the Republican candidate was necessary given his derogatory comments and limited knowledge of Mexico. The majority of the Senate vocally criticized this decision and question Ruiz Massieu’s role that was previously unclear. The Senators also asked the Secretary what was the strategy if Trump won the elections on Tuesday to which she replied that the Mexican government will engage with the President elect the night of election no matter the result.

Read more: Expansión, Proceso, El Universal, Milenio, Aristegui Noticias

3. The volatility of the peso in response to the U.S. elections has cause dthe peso to fall to an all-time price of $19.50 this Tuesday as Trump’s poll numbers increased. This a 1.8% from the price at which it had closed the day before. The Mexican Stock Exchange also suffered a shock with a fall of 1.47%. On Thursday, Carstens, the Central Bank Governor, announced that the Bank of Mexico has already come up with a contingency plan that has been discussed with Meade, the Secretary of Finance and Public Credit, in the event that Donald Trump given that the peso could fall by almost 10% in a matter of weeks if he wins.

Read more: Excelsior, El Universal, El Financiero, Expansión, La Jornada

4. This week, the leader of the National Action Party, Ricardo Anaya came under strong criticism about his personal finances. It was published that Anaya’s family lives in Atlanta, Georgia and that yearly expenses to cover the standard of living of his family and the constant travelling the party leader takes to visit them, amounts to up to 4.5 million pesos.  Anaya responded to criticism affirming that his family is his priority and that having them in the U.S. is a temporary investing that prioritizes the future of his children. He also announced that all these expenses had been publicly declared through the 3 de 3 declaration and denied that any of these expenses come from party funds or that his role as party leader is compromised by the constant travelling.  Party leaders  have still been critical, the president of the PRI, claims that the rent that Anaya receives from the property he owns is not in his declaration and Alejandra Barrales, President of PRD, reiterated that Anaya needs to justify where the funds come from.

Read more: Milenio, El Universal, Excelsior, Animal Político 

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