Corruption at PEMEX...political hacks get diplomatic appointments...cartel leader busted...for 5th time Mexicans protest AMLO in 13 different cities...Mexico becomes third largest covid-19 blackhole of deaths behind USA and brazil...move to b an Airbnb...Mexican Supreme Court pops abortion balloon...Mexico enters 21st century with food labels like USA...PEMEX loses more billions...exports skyrocket in June...economy bottoms out in second quarter...AMLO announces pension reform...Mexico duplicates american social security system. ...
SEGMENT 1 MEXICO SHUTS DOWN FOR CORONAVIRUS- In all, 18% of firms in Mexico are considered essential and are allowed to stay open. Alcalde said that of the remaining nonessential firms, 87% had closed and 13% had refused to do so. President Andrés Manuel López Obrador also said he didn’t like businessmen going out to seek loans from international lending agencies, further angering the business sector. Under U.S. pressure, Mexico pledged Friday to reopen automotive plants in a “gradual and cautious” process. On Monday, Labor Secretary Luisa Maria Alcalde praised some automakers for reducing or stopping nonessential parts of their operations. The U.S. government launched a campaign to get Mexico to reopen plants, suggesting the supply chain of the North American free trade zone could be permanently affected if they didn’t resume production. Mexico’s border assembly plants are key to the U.S. supply chain, including those of autos and defense contractors, and employees at some of the facilities have staged walkouts and protests because of fears over the coronavirus. Ellen Lord, U.S. undersecretary of defense for acquisition and sustainment, had voiced similar concerns Monday in Washington. “We are seeing impacts on the industrial base by several pockets of closure internationally. Particularly of note is Mexico, where we have a group of companies that are impacting many of our major primes,” she said Alcalde publicly shamed some textile and footwear firms, as well as a department store chain, for not obeying closure orders for nonessential businesses. SEGMENT TWO Private business group arranged a huge loan to help small and medium size businesses affected by the coronavirus ...
Covering topics such as México economy, goods & services crossing the Méxican/US border, trade agreements, the business life, and interviews that will open your mind to new business possibilities. This program is presented by Raoul Lowery-Contreras. He understands the business. THE CONTRERAS REPORT-BUSINESS MEXICO, answers these questions and punctures myths… Most American-thinking about Americans doing business in Mexico is anchored around the myth that Americans are prohibited from owning land in Mexico. Wrong! Many Americans think Mexico is a poverty sinkhole with women giving birth to ten, 15 children. Wrong! Many Americans cannot see past Mexico’s expropriation of the American/British oil industry eight decades ago; they don’t see the hundreds and thousands of American and British gasoline stations sprouting up in Mexico like weeds: Chevron, ARCAO, Gulf, Valero, BP… Mexican car dealers delight in selling “imported” cars from the USA, even as hundreds of thousands of Mexican-made NAFTA cars are sold in the U.S. and Canada… Many Americans are sure that Mexicans aren’t modern technical people or engineers at the very moment Mexico is graduating half the annual engineer output of the United States though its population is only a third the size of the size of the United States. Cars made in Mexico can be exported to and sold in a hundred different countries while American made cars cannot; why not? Is traditionally protectionist Mexico a more free trade country than the U.S.? Yes. Is it true that trade between the U.S. and Mexico is a million dollars-a-minute? Yes. These questions and answers are why you should listen to THE CONTRERAS REPORT – BUSINESS MEXICO. ...
