Tropical Storm Rachel Forms Off the Coast of Mexico

Tropical Storm Rachel became the 17th named storm of the 2014 Eastern Pacific hurricane season Wednesday night. Wind shear, or changing wind direction and/or speed with height, is expected to put a lid on the system’s intensity in the short-term. Then, the system will track over cooler water and more stable air, inducing further weakening...
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Mexico’s President Calls on UN to Renovate Itself and be More Transparent

President Enrique Pena Nieto, of Mexico, addresses the 69th session of the United Nations General Assembly, at U.N. headquarters, Wednesday, Sept. 24, 2014. “Today, our planet demands a more effective, efficient, transparent and representative United Nations; a UN where all societies of the world have greater participation. The UN must then, dare to change in...
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Mexico Steps Up Efforts to Save the Vaquita Whale

So far this year, inspectors of the Federal Environmental Protection Agency (PROFEPA) in Baja California confiscated 111 fishing nets, 22 boats, three outboard engines, and 4.5 tons of illegal fishing supplies. Surveillance of the Sea of Cortez has increased due to international pressure on the Mexican government to help protect the vaquita whale. The new...
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Mexican Fisherman Stranded at Sea for a Week is Rescued

People aboard a Mexican pleasure boat rescued a fisherman who had been adrift at sea for a week after his boat was swamped by Tropical Storm Polo. Crew members of the 42-foot (12.8-meter) sailboat U-Fin videoed the thin, exhausted man as he floated in a giant foam cooler about 6 miles (10 kilometers) off Acapulco...
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In Historic U-Turn, Mexico to Join U.N. Peacekeeping Missions

After years of keeping out of the world’s conflicts, Mexico said on Wednesday it was ready to take part in United Nations peacekeeping missions, as the government steps up efforts to raise its profile on the global stage. “Mexico has taken the decision to participate in U.N. peacekeeping missions, taking part in humanitarian tasks that...
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Mexican Government Gives Tax Breaks in Baja to Help Economic Recovery After Hurricane

The Mexican Government is offering tax benefits to the northwestern state of Baja California to help its economy recover from the devastation caused by Hurricane Odile. President Enrique Peña Nieto announced a number of measures to help small businesses in the region, including exemption from income tax for all investments in reconstruction projects. Entrepreneurs in...
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Microsoft Launches Program to Teach Computer Programming in Mexico

Microsoft has launched its “I Can Program” initiative to teach computer programming to more than 1 million young people in Latin America via an “easy and fun” approach. The project will target people between the ages of 12 and 25 who will be able to sign up for the free online courses “One Hour Coding”...
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Mexico Annual Inflation Slows But Still Above Ceiling

Mexican annual inflation remained above the central bank’s tolerance ceiling in early September but cooled slightly versus late August, suggesting that policymakers will hold borrowing costs steady at a record low for some time. A separate report showed Mexico’s economy grew at its fastest pace in three months in July, in a sign that Latin...
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Former President Vicente Fox Believes Jalisco Will Change Drug Laws This Year

A Mexican state could approve medicinal use of marijuana by the end of this year, paving the way for further steps toward legalizing the drug, former Mexican President Vicente Fox said on Monday. Political pressure inside Mexico to liberalize its stance on marijuana has been rising since the U.S. states of Washington and Colorado legalized...
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Twelve Train Derailments in Three Months Won’t Stop Mexico from Tripling Speeds

In southern Mexican state of Chiapas, twelve freight trains used by Central American illegal immigrants heading for the United States have been derailed in the past three months, costing twelve lives and many serious injuries. The trains, known to the immigrants as the Beast, trundle along the length of Mexico, from Guatemala to the United...
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Carlos Slim’s Son-In-Law Designs New Mexico City Airport

Mexico’s government on Wednesday unveiled the winning design for a new, futuristic, spider-shaped airport for the capital that will ease delays and boost capacity at a cost of 120 billion pesos ($9.17 billion) in public and private funding. British architect Norman Foster and Fernando Romero, a son-in-law of Mexican tycoon Carlos Slim, showcased their winning,...
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Why Mexico is a Good Investment

Many Americans think they should stay away from investing in the emerging markets for fear they are too risky. However, proper diversification is one of the key tenants to reducing long-term risk in one’s investment portfolio. And the more established emerging markets have made it to “investment grade.” Take Mexico as an example. Many investors...
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