The Guadalajara Reporter
Guadalajara's Largest English Newspaper
President Enrique Peña Nieto unveiled a wide-ranging reform package this week that seeks to mend Mexico’s broken education system while limiting the power of the Teacher’s Union (SNTE) and its dominant leader Elba Esther Gordillo.
British drinks giant Diageo will not be purchasing Jose Cuervo and will end its international distribution deal with the Jalisco-based company next year.
Mexico’s massive public healthcare institute isin a desperate financial situation with 88 percent of its budget destined for salaries and pensions.
Newly released official statistics show 60 percent of Mexico’s labor force work in the underground economy, paying no taxes and claiming no social security benefits.
State-owned oil monopoly Pemex has made the biggest discovery of petroleum in Mexico in the last decade, President Felipe Calderon announced on Sunday. Initial estimates suggest the Navegante 1 field in Tabasco will yield from 500 million to one billion barrels of crude oil.
Employees in Mexico will be expecting a little extra in their pay packet prior to Christmas. The aguinaldo (Christmas bonus) is a long-standing tradition in Mexico and is specified in Article 87 of the Federal Labor Law.
Upon leaving office on Saturday, President Felipe Calderon will be entitled to a larger pension than any former president in the United States, Europe or Latin America.
As President Obama wrestled with the fiscal cliff standoff in the United States, Mexico’s newly elected chief executive flew the flag for “tripartisanship,” signing the “Pact for Mexico” within 24 hours of his inauguration.
U.S. Vice President Joe Biden, Canadian Governor General David Johnston and Prince Felipe of Spain are among the dignitaries due to attend the inauguration of Enrique Peña Nieto in Mexico City on Saturday, December 1.
