Puerto Vallarta News

Puerto Vallarta News

President-Elect of Mexico’s Bombshell: Economy in “Situation of Bankruptcy”

President-Elect of Mexico’s Bombshell: Economy in “Situation of Bankruptcy”

And why are Bank of Mexico executives and employees resigning in droves? Around 200 central bank employees, including 20 senior executives, have left their posts at the Bank of Mexico (Banxico) since presidential elections on July 1 handed a resounding victory to populist Andrés Manual Lopez Obrador (or AMLO). Unsurprisingly, their sudden departure has a lot to do with money.One of AMLO’s manifesto pledges was to slash salaries for senior government officials and bureaucrats as part of sweeping cost-cutting measures. So far, he’s kept to his word. Last week . . .

Related Posts

sim card

Black Market Pre-Registered SIM Cards Emerge on Social Media

In Mexico, social media sellers offer "ready-to-use" SIM cards that are already registered — sparking...
puerto vallarta protest

Puerto Vallarta protest demands justice for Clarissa

Relatives blocked Francisco Medina Ascencio in Puerto Vallarta, urging prosecutors to clarify the case and...
Tren Interoceánico

Mexico Averages One Train Derailment Every Two Days

Official data show Mexico’s rail network suffers a train derailment about every 48 hours, raising...
Baja California’s Kelp Forests Are Disappearing Fast

Baja California’s Kelp Forests Are Disappearing Fast

Activists warn warming waters, pollution, and a sea urchin plague have wiped out over 70%...