Mexico’s falling electricity rates draw manufacturers

08/11/15 CNBC

light bulbIt just got a lot cheaper to turn the lights on in Mexico.

A number of factors influenced the country’s slow but steady rise as a manufacturing hub for multinational corporations, including its membership in NAFTA, other trade agreements, cheap labor costs and its proximity to the United States.

But observers point to another recent development that they see accelerating investment in Mexico and boosting economic productivity: Electricity is getting cheaper.

Read more…

Mexican woman facing deportation marks milestone in church sanctuary: ‘It’s like I lost a year’

08/10/15 Fox News Latino

Border - Roadsign pointing between Nogales, mexico and TucsonRosa Robles Loreto could leave the small, Tucson church where she has spent the past year. But there is no guarantee she won’t be sent back to Mexico, her native country.

That’s enough to convince her to stay put, seeing her family only when they visit the church and missing her sons’ baseball games and first day at school.

She isn’t alone. Two other immigrants living in the U.S. illegally remain in churches to avoid deportation, all women who are afraid of going to their home country for different reasons. They are like many immigrants left behind by lack of immigration reform.

Read more…

Talk of Mexico at debate sends Donald Trump on tirade over ‘stupid’ US leaders

8/7/15 The Guardian

Via Flickr user "Gage Skidmore"
Via Flickr user “Gage Skidmore”

Donald Trump railed against the “stupid” leaders and politicians of the US in the Republican presidential debate on Thursday night, as he reiterated his claims that Mexico was sending criminals across the border.

The business mogul and GOP frontrunner told the audience in Cleveland that he was responsible for driving a national conversation about immigration

Several other candidates struck a softer tone, however, with establishment favourite Jeb Bush saying he supported a path to legal status for undocumented immigrants.

“Our leaders are stupid. Our politicians are stupid,” Trump said when asked about his previous claims that Mexico was sending its “rapists” and “drug dealers” into America.

Read more…

Allegations Of Corruption Dog Mexico’s First Lady Angélica Rivera

08/03/15 NPR

Mexico's President Enrique Pena Nieto and first lady Angelica Rivera salute during the military parade celebrating Independence Day at the Zocalo square in downtown Mexico CityEight months ago, Mexico’s first lady, known for her fondness of designer clothes and European vacations, made a public promise to sell a multi-million-dollar mansion bought under controversial circumstances. She’s purchasing the home, at below market rates, from a contractor with lucrative connections to her husband.

The scandal has been one of the biggest to rock the president’s administration. And months later many questions remain regarding the questionable purchase — and the first lady hasn’t sold her house.

Read more…

Mexico delays auction of deepwater oil assets

07/30/15 Financial Times

gas pipeline in green fieldMexico has delayed the auction for its prized deepwater oil assets and sweetened bid terms after its inaugural tender to open its oil sector to private investors flopped two weeks ago.

The call for bids in deepwater fields and subsequent opening of data rooms had been delayed by two months and was now likely to occur at the end of September, Joaquin Coldwell, energy minister, told local television channel Foro TV on Tuesday night.

Read more…

UPDATE 2-Mexico inflation touches new record low in early July

7/23/15 Reuters

Data from INEGI
Data from INEGI

Mexico’s annual inflation rate cooled in early July to a record low, official data showed on Thursday, giving policymakers room to hold interest rates low until an expected increase in U.S. borrowing costs.

The national statistics institute said inflation in the 12 months through mid-July eased to 2.76 percent from 2.87 percent in June. A poll of analysts by Reuters had forecast the rate would be unchanged.

Most of Mexico’s central bankers think inflation will remain below their 3 percent target for the rest of the year because of the sluggish economy.

Despite tame inflation and weak growth, Mexico is seen raising interest rates when U.S. borrowing costs move higher.

Read more…

Mexico’s homicide rate continued to drop in 2014

7/21/15 El Daily Post

Tcrime scenehere were 19,699 registered homicides in Mexico last year, 16 for every 100,000 residents.

That’s 16 percent fewer than the year before, when 19 homicides per 100,000 were registered. These figures, published this week by the National Statistics Institute (INEGI), are crunched from Civil Registry data and from information supplied by local prosecutors across the nation. Homicide-rate measured per 100,000 population is an international indicator used by the United Nations, as well as by INEGI since 1990. In Mexico’s case, they confirm that through 2014 at least, Mexico’s murder rate has been dropping since 2011. In raw numbers, the 19,699 registered homicides  in 2014 were 7,544 fewer than in 2011, 6,298 fewer than 2012 and 3,394 fewer than 2013.

The first two full years of the Peña Nieto administration (2013-14) registered, according to INEGI, 10,448 homicides fewer than what was registered in the last two years of his predecessor, Felipe Calderón.

Read more…