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Mexico Predicted to be Major Player in World Tourism
 M-Travel
The significance of tourism to Mexico can be understood as a win/win situation: it’s a lucrative investment for developers and a source of sustainability for the Mexican government and its population
Mexico December Inflation Slowed, May Restrain Rates
 Thomas Black
Mexico's inflation slowed in December as President Felipe Calderon froze increases on fuel and electricity prices, easing pressure on the central bank to raise interest rates. The inflation rate fell to 0.41 percent from 0.71 percent in November, the central bank said today.
US Credit Card Debt Soars as House Prices Plunge
 Dean Baker
The Federal Reserve Board reported yesterday that credit card debt rose at an 11.3 percent annual rate in November after rising at an 8.5 percent rate in October. By comparison, credit card debt rose at a rate between 2 percent and 4 percent from 2003 to 2005.
Mexico's Shoemakers Feel Squeeze of Globalization
 Oscar Avila
The heart of Mexico's shoe industry is closing ranks because a deal expired last month that permitted tariffs to protect it from cheaper Chinese shoes. Mexican officials said they now must open the market or face sanctions by the World Trade Organization.
U.S. Auto Crisis Benefits Mexico
 Enrique Orellana
2007 will be remembered as a historic year for the global automotive industry. For the first time the U.S. was displaced by Japan as the number one vehicle producer in the world, while a Japanese brand, Toyota, overtook GM as the world’s largest carmaker.
Volkswagen Mexico Sees Record 2008 Production
 Associated Press
Volkswagen AG said Friday it expects production at its Mexican plant to rise 9.5 percent this year to a record 450,000 units.
Americans Sold Out to Foreign Firms at Record Rate
 Zachary R. Mider
Foreign investors exploited the declining U.S. dollar during the past three months to snap up American companies, taking the biggest share of U.S. deals in at least a decade.
Raintree Resorts Expands US, Mexico Portfolio
 Connie Gore
As the 12-year-old club hoists its 2008 sails, Douglas Bech, Raintree's CEO, says a Boston-based investment banking firm is in the midst of negotiations with equity investors to finance Raintree's plan to acquire and develop additional resort properties.
Presidential Candidates Must Learn From China Before Making Promises to Voters
 Diversity Alliance for Sustainable America
Forty years ago, China symbolized the Third World at a time when the U.S. was the most prosperous country. Since then, the U.S. has become the greatest debtor nation in history while China now holds the largest foreign-currency reserves in the world. What have the Chinese done right?
Oil Hits $100 a Barrel for the First Time
 Jad Mouawad
Oil prices reached the symbolic level of $100 a barrel for the first time on Wednesday, a long-awaited milestone in an era of rapidly escalating energy demand. Crude oil futures for February delivery hit $100 on the New York Mercantile Exchange shortly after noon New York time, before falling back slightly.
Swimming Upstream
 Seth Jayson
I am an optimistic fool. In fact, that's a core value of the Motley Fool - not Pollyanna-ish optimism, but optimism nonetheless. I was bearish on the overall market for most of 2007, but I still invested. Why? Because Foolish investing means seeing the individual trees, not worrying about the forest.
Puerto Vallarta's Silver Lined History
 Jim Scherrer
Thanks in part to the Union en Cuale Company, Puerto Vallarta has become the world-class retirement haven and resort destination that it is today; a Paradise that has grown from 1,000 to 350,000 inhabitants in a mere century.
Strain on Auto Parts Industry in Mexico Reflects U.S. Woes
 Stephen Franklin
Not so long ago, Mexico floated along as a low-cost producer to the auto parts world. But now its niche is threatened by global rivals who can trump it with lower salaries or superior quality and productivity. As a result, Mexican auto parts firms keep pressing to trim costs, and Mexican workers find themselves working longer, harder and sometimes for less.
Mexico's Peso Heads for Yearly Decline on U.S. Subprime Losses
 Valerie Rota
Mexico's peso headed for a second straight yearly decline as losses in bonds backed by U.S. subprime home loans led investors to shun higher-yielding securities. The peso has fallen 0.9 percent this year, the second-worst performance after Argentina's peso among the six most-traded Latin American currencies.
Location Drives Mexican Auto Industry
 Stephen Franklin & Rick Popely
After a long, uphill climb, Mexico's auto industry sputtered and lost its drive several years ago. Then it clicked back into gear several months ago after a shaky rebound. Will it stay in gear? That's anyone's guess.
Businesses Feel Early Pinch of Workers Law
 Lindsay Butler
Bad. Bad. Bad. That’s how Mesa, Arizona, business owner Ramon Quintana describes the crisis facing Hispanic-oriented companies as people in the Latino community lose their jobs and flee the area for friendlier frontiers.
Bank Predicts Ron Paul Win, US Slump
 Press TV
Denmark-based Saxo Bank predicts Ron Paul presidency in 2008, saying US economy will plunge into a depression prior to the election. The economic downturn will come about as a result of the housing crash.
Mexico New Destination for Plane Manufacturing
 Diane Lindquist
Goodrich Aerostructures' factory in Mexicali might be a jumble of rebar and concrete now, but the structure soon will become crucial to the company's efforts to compete in a changing global aviation industry.
Legislators: NAFTA Means Mexico Economic Death
 Prensa Latina
Legislators from several political parties said that after the North America Free Trade Agreement in its agricultural sphere come into effect, millions of Mexican farmers will economically die.
Las Vegas Proves Immune to Jittery U.S. Economy, but not Casinos Elsewhere
 Gary Rivlin
The sparkling gambling palaces that line the Las Vegas Strip are designed to disconnect visitors from the realities of ordinary life. But nowadays Las Vegas is even managing to sever itself from a jittery economy causing woes for retailers, restaurateurs and other consumer-oriented businesses - including the rest of the casino industry.
US Credit Loss Could Hit $1 Trillion
 The Australian Business
The US economy could be heading into its blackest year since the Great Depression as estimates of losses from the housing slump and sub-prime mortgage implosion reach unprecedented levels.
Shareholders of Mexico's Gigante OK Sale to Rival
 Veronica Gomez Sparrowe
Mexican retailer Gigante's shareholders approved a deal on Monday to sell the company to its larger rival Soriana for $1.35 billion.
NAFTA Jeopardizes Mexican Sugar Industry
Prensa Latina
The jobs of thousands of Mexican sugarcane workers will be at stake after tariffs on sugar and sweetener imports from the United States are lifted, it was reported on Monday.
Mexico Hopes Aerospace is Globalization-Proof
 Joel Millman & J. Lynn Lunsford
Mexico has felt the downside of globalization in recent years as cheaper Asian manufacturers of everything from electronics to auto parts have undercut the advantages provided by looser North American trade barriers. But Mexican officials have been banking on another sector they hope will put down deeper roots: The booming North American aerospace industry.
Mexico Faces Own Job Drain
 Stephen Franklin
Not so long ago, the country succeeded as a low-cost producer of auto parts. But now it's threatened by global competitors who can trump it with lower salaries or superior quality and productivity.
Mexico's Telmex Approves International Spin-Off
 Chris Aspin
Shareholders of Mexico's Telmex, the country's dominant fixed line phone company, on Friday approved a spin-off of its fast-growing international operations from the stagnant parent firm.
Mexico Jobless Rate Down to 3.46% in November
 Jason Lange
Mexico's jobless rate was a lower-than-expected 3.46 percent in November, the government said on Friday, below October's 3.93 percent.
NAFTA a Disaster for Mexican Producers
 Prensa Latina
The National Farmer Confederation (CNC) said the opening of borders to tariff-free US, Canadian food as of January 1st will mean a disaster for Mexican producers.
Mexico Raises Minimum Wages by 4 Percent
 Associated Press
Mexican authorities announced on Friday that the country's daily minimum wage will get a small increase in 2008, with urban wages to rise about 4 percent to 52.59 pesos, or about US$4.85 (€3.37) a day, roughly the same as the current rate of inflation.
Bill Gates Buys Stake in Mexican Brewer Femsa
 Cyntia Barrera Diaz, Chris Aspin & Gabriela Lopez
Billionaire Bill Gates has taken a stake worth $392 million in Mexican drinks company Femsa, according to a U.S. Securities and Exchange Commission filing on Thursday.
Rural Women Forge Their Own Path in Microenterprise
 Franz Chávez
Rural women from five Andean countries presented their successful microenterprises as part of a regional competition for female crafts and food producers, which also served as an opportunity for sharing the life stories of these leaders in the struggle against poverty.
U.S. Says WTO Panel Backs U.S. in Mexico Steel Case
 Jonathan Lynn
A World Trade Organisation (WTO) investigation into U.S. measures to curb unfairly priced stainless steel imports from Mexico has found in favor of the United States, the U.S. Trade Representative said on Thursday.
Mexico Eyes Bond Sales Direct to Small Investors
 Noel Randewich
Mexico's central bank may sell T-bills and government bonds directly to small investors next year, bypassing banks and mutual funds criticized for paying clients meager or no returns.
Analysts Trim Forecasts for Mexico 2007 Inflation
 Cyntia Barrera Diaz
Analysts watching Mexico's economy eased their expectations for 2007 inflation but raised their forecast for core price increases for this year, according to the latest monthly survey by the central bank.
Cross-Border Truck Program Hits a Pothole
 Paul M. Krawzak
The Mexican government is considering blocking U.S. exports, such as pork and rice, should Congress cut off funding for a cross-border trucking program, as is expected to happen within days.
Casa Cupula Reaches a New Breed of Gay Investors
 e-Travel Blackboard
Puerto Vallarta has been slated as the country’s leading gay beach, with dozens of new and innovative gay-owned businesses opening up in the area. The new development of the area has spurred a new form of vacation home ownership for gay vacationers, with Casa Cupula branching out into creating luxury fractional ownership projects.
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