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 Business News
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 The Fed and the Dollar
 The Real News Network
Sony Kapoor: The Federal Reserve and about the movement to "de-dollarize" the world.
US Real Estate: Many More Strategic Defaults Than Industry Estimates
 Kenneth R. Harney
Who is more likely to walk away from a house and a mortgage — a person with super-prime credit scores or someone with lower scores?
LatAm Stocks Up, Mexico Holds Rates Steady
 Daniel Bases
Emerging markets had a weak bias in light trading volumes on Friday as investors took a more cautious stance, considering the runup in prices as a good opportunity to book some profits.
US "Option" Mortgages to Explode, Officials Warn
 Lisa Lambert
The federal government and states are girding themselves for the next foreclosure crisis in the country's housing downturn: payment option adjustable rate mortgages that are beginning to reset.
Mexico's Tax Reform Debate
 Jason Lange
Mexican lawmakers are debating President Felipe Calderon's proposal to raise taxes and lower the government's dependence on Mexico's declining oil industry.
Cuba Hopes Green Tourism Can Keep it in the Black
 Will Weissert
Amid dipping tourism revenues, the government gathered top leaders from its state-run vacation industry and European and Canadian tour operators this week for a conference aimed at boosting a segment of the market that only accounts for 4 percent of all foreign visits, according to deputy Tourism Minister Alexis Trujillo.
The Oil Crisis Slamming Mexico
 Geri Smith
It's crunch time in Mexico. After years of surpluses, the country is facing a growing budget gap. The shortfall is sparking vigorous debate on shutting ministries, laying off federal workers, and raising taxes on soft drinks, phone service, and more.
United Nations Supports President Calderon’s Economic Package
 Suzanne Stephens Waller
United Nations Representative in Mexico, Magdy Martìnez-Soliman, supported the 2010 Economic Package submitted to Congress by President Felipe Calderon, declaring that "We think his idea of taxing everyone and helping the poor is reasonable and properly reasoned."
Carstens: Mexico has Been Addicted to Oil
 Rueters
The Secretary of Finance Agustín Carstens urged lawmakers to approve new taxes to offset lower oil revenues, saying the country's struggling energy industry would not recover quickly.
Mexican Stocks, Silver and Real Estate - A Ten Year Review
 Jim Scherrer
Who knows; as you’re relaxing in your beach front condo on the Mexican Riviera, perhaps your investments in Mexico will gain enough over the next couple of years to recover what you’ve lost during the past decade!
US Border Fence to Cost $6.5B Over 20 Years
 Eileen Sullivan
It will cost taxpayers $6.5 billion over the next 20 years to maintain the fence along the U.S.-Mexico border, according to a government audit.
Near Record Pace of US Foreclosures Suggest Further Price Declines Ahead
 Dean Baker
Realtytrac reported a slight drop in August from the record pace of foreclosure notices reported in July, but the 358,471 foreclosure actions in the month were still the second highest on record.
Lehman Legacy and the Predator State
 The Real News Network
It has been 365 days since Lehman Brothers collapsed, triggering a global economic crisis whose effects are only now being truly felt.
Mexico Violence May Sap 3% of GDP as Gangs Flourish
 Jens Erik Gould & Hugh Collins
Mexican President Felipe Calderon’s fight against organized crime has failed to lessen the economic cost of violence, which wrests as much as 3 percent from gross domestic product, according to Bulltick Capital.
PAN Does Not have Alternate Tax Proposal
 Ivonne Reyes Campos
The federal government does not have a backup plan in case opposition legislators reject its budgetary proposals for 2010, says the leader of the National Action Party (PAN) parliamentary group, Josefina Vázquez Mota.
Mexico Sells $2.4 Billion in Bonds to Help States
Associated Press
Mexico sold 32 billion pesos ($2.4 billion) in bonds to compensate state governments for a drop in federal funding as a result of an economic crisis, the finance secretary said Monday.
Mexico: Opportunities and Trends in the Hotel Industry
 Monica Martinez & Eric Toler
Mexico ranks as the world’s eighth top tourism destination, and third in the Americas after the United States and Canada. The tourism sector accounts for eight percent of Mexico’s GDP. Therefore, the hotel industry is naturally linked to and dependent on tourism, which earlier this year faced an unthinkable combination of setbacks.
Border Area Women Workers Displaced by NAFTA Plow On
 Kent Paterson
For El Paso, Texas women like Hilda Villegas, Mercado Mayapan is more than just a place to work from nine-to-five. After sweating it out in factories and restaurants, the young mother of two found her way into the ranks of La Mujer Obrera, an El Paso-based non-profit that advocates for thousands of El Paso workers, especially immigrant women, who were displaced by NAFTA.
Americans Still Bummed Over the Economy
 Jim Kuhnhenn
One year after Wall Street teetered on the brink of collapse, seven out of 10 Americans lack confidence the federal government has taken safeguards to prevent another financial industry meltdown, according to a new Associated Press-GfK poll.
Prepaid Credit Cards Used to Move Funds to Mexico, and It's Legal
 Chris McDaniel
Arizona Attorney General Terry Goddard said there are currently no federal laws regulating such cards, allowing money to be laundered with incredible ease and without violating the law.
Leaving Lehman, Exposing Wall Street
 The Real News Network
Sony Kapoor left life as an investment banker to reveal the "dark magic" of finance capital.
Top 'Caribbean Escape' Closes in Turks and Caicos
 Danica Coto
An exclusive resort in the Turks and Caicos Islands that catered to celebrities and offered personal butlers and a pillow menu has closed after less than two years of operation.
Sol Meliá Vacation Club Captures RCI Developer Innovation Award
 Hospitality Net
Sol Meliá Vacation Club, an international vacation membership club with locations in the Caribbean, Mexico, Central America and Europe, has received the 2008 Developer Innovation Award for the new Sol Meliá Vacation Club at Gran Meliá Palacio de Isora.
PAN: New CAP Tax Will Not Pass
 Victor Mayén
An important majority of National Action Party (PAN) senators recognize the difficulty of putting into place the "Contribution to Combat Poverty" (CAP) tax, saying it will be blocked in Congress because of the way it was presented.
Mexico Big Banks' Balance Sheets Healthy in July
 Noel Randewich
Mexico's biggest banks kept their balance sheets on solid ground in July despite loan defaults and a deep recession that weighed on their businesses, the country's bank regulator said on Thursday.
Mexico will Achieve the Goal of Constructing 6 Million Dwellings in 2012: Calderón
 Presidencia de la República
President Felipe Calderón declared that despite the economic crisis, the rate of granting credits for housing has been maintained, making him confident that the goal of constructing 6 million homes by the end of his government would be achieved.
Mexico Telmex Freezes Prices for 10th Straight Year
 Noel Randewich
Mexican fixed-line telephone operator Telmex said on Wednesday it will freeze prices for a 10th straight year in 2010 as increasing competition pressures the one-time government monopoly.
'Millions' of US Foreclosures to Come
 MSNBC
Only 12 percent of U.S. homeowners eligible for loan modifications under the Obama administration's housing rescue plan have had their mortgages reworked, and millions more foreclosures are coming, the Treasury Department said on Wednesday.
Mexico Inflation Cools in August on Recession
 Jason Lange & Luis Rojas Mena
Mexico's inflation rate fell more than expected in August as a steep recession made it harder for companies to raise prices, though the central bank is still expected to hold interest rates steady this month.
Home Depot Sees Opportunity to Boost Int'l Presence
 Dhanya Skariachan
No. 1 home improvement chain Home Depot Inc (HD.N) sees opportunities to expand its international presence, its chief executive said at an investor conference on Thursday.
Mexican Housing: Ikea-Style
 Reuters
Mexican homebuilder Geo is set to open two automated facilities which will produce 1,000 prefabricated homes a month.
Mexico Wal-Mart to Relaunch Bank
 Noel Randewich
Wal-Mart de Mexico plans to relaunch its Mexican bank in coming months, using its thousands of store cashiers to take deposits, in a bid to gain a foothold in an industry dominated by Citigroup and Spain's BBVA.
TBF Succeeds in Push of Vessel Monitoring System Mandate in Costa Rican Waters
 Pete Johnson
New regulations enacted by INCOPESCA, the Costa Rican fisheries agency, will require electronic vessel monitoring systems (VMS) on all commercial vessels larger than 56 ft that operate in Costa Rican waters. The regulations do not apply to private and charter sportfishing vessels.
California's Unemployment at 60 Year High, at Depression Levels
 Stewart A. Alexander
If there are any hints that the bottom of the U.S. economic decline is near, don't look for any signs in California where the state's unemployment rate is at the highest level since WWII, and thousands are losing their homes to foreclosures as California's economy continues to spiral in decline.
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