Peso plunge spurs inflation fears
The peso hit historic lows on two consecutive days this week, closing Tuesday at 15.62 to the U.S. dollar.
The Guadalajara Reporter
Guadalajara's Largest English Newspaper
The Guadalajara Reporter
Guadalajara's Largest English Newspaper
The peso hit historic lows on two consecutive days this week, closing Tuesday at 15.62 to the U.S. dollar.
Mexico has jumped five places in the “World Tourism Rankings” to reclaim its place in the top ten. The World Tourism Organization, which compiles the annual list of the most popular destinations, has confirmed that Mexico closed the year with almost 30 million visitors. This places Mexico above its closest competitors Thailand, Hong Kong and Austria.
A dull Oscar ceremony was livened up by Mexican director Alejandro González Iñarritu’s politically charged acceptance speech and the reactions of Sean Penn and Donald Trump, who sparked controversy with comments that some suggested were racist.
According to the Comision Federal de Electricidad (CFE) website, over the last year electricity costs for industrial users have fallen by 25.7 percent, while the decrease for domestic customers on the higher consumption DAC rate was down 7.5 percent.
Personnel employed by the National Institute of Statistics and Geography (Inegi) will hit the streets Monday, March 2 to initiate a four-week survey covering 6.1 million home addresses nationwide. The program will encompass door-to-door visits in target neighborhoods, subdivisions and gated communities located in Guadalajara and the Lake Chapala area, including the homes of full and part-time expatriate residents.
With the capture of one of Mexico’s most-wanted drug lords, Servando “La Tuta” Gomez, the government has created a power vacuum that could be filled by the Jalisco New Generation Cartel (CJNG).
The government wants to allow foreign immigration and customs agents to carry arms while in the country, an issue that has historically been a source of tension with the United States.
Major anti-corruption legislation is taking shape in the federal Chamber of Deputies although many skeptics wonder if the new laws will be workable in a country where graft and deceit is so entrenched in public life.
Nowadays, the lead up to the Oscars, with the rush of other televised awards ceremonies, often turns the actual event itself into a damp squib. And with so many of the gongs considered a shoo-in, the major excitement often lies in seeing whether the presenter/s hit any highs or bomb dramatically.