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United Nations Conference Calls for New Global Currency
 Stephen C. Webster
The United Nations Conference on Trade and Development said in a report published Monday that the U.S. dollar should be replaced as the world’s standard reserve currency, giving rise to a new global currency managed by an as-yet undetermined financial regulatory organization.
GAP Reports Passenger Traffic Decrease of 7.7% for August
 PRNewswire
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. announced today preliminary terminal passenger traffic figures for the month of August 2009 compared to traffic figures for August 2008.
Mexico Real Estate Market Feels an Upbeat from Recovery of Tourism Figures
 Thomas Lloyd
A significant section of Mexico’s economy is tourism. For this reason the drop and recovery of the tourism industry Mexico has gone through since June is of considerable importance to those interested in Mexico real estate in tourist destinations.
Truthout Becomes First Online-Only News Site to Unionize
 Maya Schenwar & Matt Renner
On the night of Thursday, August 27, a small group gathered in a quiet, bare room in Pacific Palisades, California, preparing to sign off on the future of an organization and spur the momentum of a movement. Though the meeting was brief and inconspicuous, it made history.
Mexico’s Peso Advances for a Fifth Straight Day as Stocks Gain
 Andrea Jaramillo & Drew Benson
Mexico’s peso climbed for a fifth straight day as global equities rallied, boosting investor appetite for higher-yielding, emerging-market assets.
Unhappy Labor Day
 Matthew Rothschild
It's Labor Day and the American worker doesn't have a lot to celebrate. Unemployment stands at 9.7 percent - that's 15 million people out of work, officially, and millions more unofficially.
Argentina: Clean Energy from Manure
 Marcela Valente
With its enormous potential for biogas production, Argentina is gearing up for this clean energy alternative - which has already seen good results on ranches that transform manure into energy.
Five More US Banks Fail - 89 So Far in 2009
 Amy Haimerl
Five small regional banks were closed by regulators on Friday evening, pushing 2009's tally so far to 89 institutions. Of the five failures, two were in Illinois, and there was one each in Arizona, Iowa and Missouri.
US Sanctions 6 Mexicans Accused of Meth Trade Ties
 Associated Press
The U.S. Treasury Department has imposed sanctions on six Mexicans linked to a pharmaceutical company that allegedly diverted precursor chemicals to a methamphetamine trafficking gang.
The Appeal of an 'OTZ' Property in Mexico
 Stephen Slater
During our search for a second home, a realization struck us as we visited a lovely home in Puerta Vallarta. The property was a dream on the hill overlooking the ocean. We paused however, when we learned the neighbor to the left was from Phoenix and to the right, from San Francisco.
Mexico Housing ‘Stable,’ Moody’s Says; Builders Rise
 Emily Schmall
The outlook for Mexico’s housing industry is “stable” as homebuilders will benefit from purchases from low-income consumers using government-backed mortgages, Moody’s Investors Service said.
American to Cut 921 Flight Attendants' Jobs
 David Koenig
American Airlines is cutting 921 flight attendant jobs as it deals with an ongoing downturn in traffic and lower revenue. The airline said Tuesday that the cuts will take effect Oct. 1.
Homes Underwater: A Stumbling Block for Recovery
 Martha C. White
Despite the recent good news that U.S. home prices rose 2.9 percent in the second quarter of 2009, it's too early to call a turnaround for the battered housing sector. Although this modest increase in the S&P/Case-Shiller national home index is the first uptick since 2006, the number of homes worth less than their mortgages has ballooned.
The Effect of Economic Recessions on Population Health
 Physorg
Paradoxically, mortality rates during economic recessions in developed countries decline rather than increase, according to an analysis in CMAJ (Canadian Medical Association Journal).
US Official: Real Unemployment at 16 Percent
 Money News
The real US unemployment rate is 16 percent if persons who have dropped out of the labor pool and those working less than they would like are counted, a Federal Reserve official said last week.
Art Museums Struggling in Mexico
 Tracy Wilkinson
In a country that prides itself on a unique artistic tradition, the crisis resulting from the global economic meltdown and swine flu is particularly acute.
1,000 Banks to Fail In Next Two Years: Bank CEO
 Natalie Erlich
The US banking system will lose some 1,000 institutions over the next two years, said John Kanas, whose private equity firm bought BankUnited of Florida in May
Recession Cools Mexico Inflation in Early Augus
 Jason Lange & Pedro da Costa
Mexican inflation slowed to 5.12 percent in early August, the lowest annual reading in more than a year, as the worst recession in decades kept prices down.
Gov. Bill Richardson Pushes Idea of New Mexico Exports to Cuba
 Associated Press
New Mexico Gov. Bill Richardson has met with Ricardo Alarcon, president of Cuba's parliament, as well as members of the island's chamber of commerce as he heads a trade mission there this week.
Cash Flow to Mexico Stays Slow
 Ken Ellingwood
Transfers from Mexicans abroad dropped nearly 18% in the second quarter compared with the same period last year. The central bank report is no surprise but adds more gloomy news for a limping economy.
Mexico's Economic Slump has Hit Bottom - Govt
 Noel Randewich
Mexico's economy, slammed by a drop in U.S. demand, has sunk to its low point and recent data shows signs of growth, the government said this week.
Credit Card Delinquency Wave Reaching Tidal Force
 Financial Sense
So far in 2009, the data surrounding credit card charge offs and mortgage delinquencies has not been pretty... at all. Just now after the close of the second quarter, we see that both metrics have hit the highest rates since the Federal Reserve began tracking them.
Union Reaches Deal to End Volkswagen Mexico Strike
 Julio Martinez
Management representatives from Volkswagen AG's (VOWG.DE) Mexican subsidiary agreed on Saturday to give workers a small raise, clearing the way to end a strike.
Mexico Awaits Recovery as Economy Shrinks
 Nicholas Casey & Anthony Harrup
Mexico's economy contracted 1.12% in the second quarter compared with the first, leaving it waiting for a recovery even as other countries appear poised for revival.
Save Big on Last Minute Summer Travel
 Lynda Baquero
Need a last-minute getaway before the end of summer? Luxury hotels are offering the biggest deals because they have more wiggle room in pricing. And resorts within driving distance of New York are slashing prices.
President Calderón Announces 5 Billion Dollar Investment by Coca Cola
 Presidencia de la República
President Felipe Calderón declared that the strategy to enable Mexico to emerge from this adverse economic event is investment, which, during the first half of 2009, totaled $10 billion dollars and made it possible to create jobs throughout the country.
Mexico’s Economy Shrank Most in More Than 25 Years
Jens Erik Gould
Mexico’s economy contracted at the fastest pace in more than 25 years last quarter as the global recession and swine flu caused a plunge in industrial output and services.
Mexico Rated Top Pick for Latin Equities at JPMorgan
 Catarina Saraiva
Mexico, the worst-performing Latin American stock market this year, was ranked as the region’s top country for equities at JPMorgan Chase & Co. on the prospect of an economic recovery and legislation to trim the budget deficit.
IRS Gets Access to 5,000 Swiss Bank Accounts
 CNNMoney.com
The US Internal Revenue Service announced Wednesday that it has reached a deal with the Swiss government, gaining access to thousands of UBS AG accounts that Americans might have used to avoid paying taxes.
 Battle for the Amazon: People Vs the Government - Part Two
 The Real News Network
The largest indigenous movement in decades battles to save the Amazon Basin from oil exploitation.
Princess Eliminates Almost Half of its Mexican Riviera Cruises
 Johanna Jainchill
Princess Cruises eliminated almost half of its Mexican Riviera cruises in 2010-2011, replacing them with month-long Pacific crossings between California and Sydney, and additional Hawaii cruises.
A US Recovery for Who?
 The Real News Network
Newly released figures of the Department of Labor show that productivity has sharply increased in the second quarter of 2009 but employers' labor costs have plummeted.
President Calderón Inaugurates 2009 Government Expo Purchases
 Presidencia de la República
President Felipe Calderón said Federal Government is determined to reinforce and increase its support for entrepreneurs so that they will become consolidated as an engine of the economy, since millions of enterprising Mexicans constitute the main source of job creation.
Mexico GDP to Shrink 6.5%-7.5% This Year, Bank Says
 Jens Erik Gould & Hugh Collins
Mexico’s central bank said the economy will contract at almost double the pace it previously forecast and said measures to strengthen public finances will help speed up a recovery.
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