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 Business News
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Mexico Opposition Calls for Tax Decreases
 The News
Treasury Secretary Ernesto Cordero said yesterday that the increase in gas prices was aimed at complying with the public budget approved by Congress. Mexico’s economic recovery is not exempt from risks, Cordero added as he asked deputies to carry on structural reforms.
Trade Winds from the East
 Emilio Godoy
China has replaced Mexico as the top supplier of goods to the United States, and experts say that a specific trade strategy is needed for this Latin American country to compete successfully with Beijing in the U.S. market, the world's largest.
Foreclosure Surge Sets Another US Record
 Alex Veiga
A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.
The Settlement Company Approved as Escrow Agent for BBVA Bancomer Loans
 John K. Glaab
Mortgage loans through alliances between Mexican banks and their US counterparts are now becoming more available for real estate purchases in Mexico. The Settlement Company is now approved as closing agent and escrow holder for loans made through BBVA Bancomer funded by US Compass Bank.
Telcel Granted Renaut Extension
 The News
Telcel has been granted an extension so that services to users who did not register their phones with the Mexican National Registry of Mobile Phone Users (Renaut) will not be suspended. Telcel is urging its clients to register.
In Colima, Mexico, New Zoning Laws for Assisted Living
 Glynna Prentice
In late March the small state of Colima, on Mexico’s Pacific Coast, changed its zoning laws to include retirement and assisted living facilities. This minor amendment in a small Mexican state is just one of many separate events that, together, may well change the face of U.S. retirement.
Chicago-Based Auction Firm Launches Puerto Vallarta Condo Auction
 Darryl Cater
Chicago-area-based Diliberto Real Estate Services, LLC announces today a Puerto Vallarta, Mexico luxury condominium auction, headlined by two units including one nearly crowning the skyscraping Grand Venetian Bay View Grand, one of the tallest new developments in the hotel district right on a private beach astride the Bahai de Banderas.
In Mexico, Artists Can Pay Their Taxes with the Stroke of a Brush
 Chris Hawley
Can't afford to pay your income taxes? Paint a picture instead. That's the deal Mexico has offered to artists since 1957, quietly amassing a modern art collection that would make most museum curators swoon.
Mexico, U.S. Make Little Progress on Truck Dispute
 Robin Emmott
U.S. and Mexican officials pledged on Monday to set up a working group to resolve a trucking dispute, dampening hopes of a quick end to a spat that caused Mexico to slap duties on about $2.4 billion of U.S. exports more than a year ago.
Mexico Mobile Carriers Get More Time to Confirm Users
 Crayton Harrison
Mexico’s government is allowing America Movil SAB, Telefonica SA and other mobile-phone carriers time to process millions of users who registered for a national government database so they won’t lose service.
 Out of Work in the US
 The Real News Network
Fault Lines travels to some of the regions hardest hit by the recession, tracking some creative measures taken by local communities to combat the jobs crisis from the bottom up.
Calderón Says Full Recovery Long Way Off
 The News
President Felipe Calderón yesterday said that the country should not “rest on its laurels” as signs of economic recovery become visible after a dark financial crisis last year.
Mexico To Produce 22% of Latin America's Power
 Companiesandmarkets.com & OfficialWire
The newly published Mexico Power Report forecasts that the country will account for 22.03% of Latin America regional power generation by 2014, with a developing power surplus available for export to the US.
Grupo Aeroportuario del Pacifico Reports Passenger Traffic Increase of 3.7% for March 2010
 Business Wire
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (GAP) announced preliminary terminal passenger traffic figures for the month of March 2010 compared to traffic figures for March 2009.
Your Credit Card Is Spying on You
 Kevin Spak
Visa knows if you’re going to get a divorce. It knows that you just moved and, most importantly, it knows if you’re going to miss a payment — maybe before you do.
Calderón Pushes for Competitiveness
 The News
President Felipe Calderón yesterday submitted a proposal to Congress to increase the productivity and competitiveness of the Mexican economy, while promoting employment and improving social welfare for Mexicans.
Mexico's First Venture Capital Conference to be Held in Monterrey
 Business Wire
Mexico’s first Venture Capital Conference will be held on April 20-22, 2010, at the EGADE business school in Monterrey, Mexico, will bring together leading entrepreneurs, innovators, captains of industry, investors and policymakers from Mexico and the United States.
5 Great Moments In Cinematic Product Placement
 Mark Lisanti
This weekend, the New York Times took a look at the system of product placement that keep the pockets of your favorite Hollywood studio lined with beautiful, beautiful cash by loading up its films — both of the blockbuster and modestly budgeted varieties — with enough strategically positioned Quarter Pounders to stop the hearts of an entire location shoot’s worth of Lipitor-gobbling Teamsters.
America is About to Undertake 'Its Biggest Transformation in Decades'
 The Economist
America’s economy is set to shift away from consumption and debt and towards exports and saving. It will be its biggest transformation in decades, says Greg Ip.
IRS Launches New Global Program to Target ‘High Wealth Individuals’
 Penny Starr
The Internal Revenue Service has launched a new global program to target what it calls “high wealth individuals,” IRS Commissioner Douglas Shulman said Monday.
Mexico Consumer Confidence Rose in March
 Patrick Rucker
Mexico's consumer confidence index rose in March to 81.8 from 80.6 in February, the national statistics agency said on Tuesday.
Realty Executives Mexico Awards Franchising Rights to Growing Real Estate Brokerage in Rocky Point
 Tina Elliott
Realty Executives Mexico announces franchising rights to John and Kathy Witt, new broker owners of Realty Executives Rocky Point in Puerto Penasco. The real estate brokerage has already grown to 12 real estate agents, along with business partner, Kurt Geisler.
President Calderon Proposes Harsher Fines on Monopolies
 Associated Press
Mexico's president is proposing harsher fines and possible jail time for those running companies as monopolies.
ConfiCasa's Spring 2010 Newsletter
 ConfiCasa Mortgage International
As mentioned in our Winter 2010 E-Newsletter, while all Mexico loan programs have tightened, they have largely improved overall . . . a pleasant surprise for all of us considering all the "bad news" that the U.S. and Mexico has faced over the last couple of years.
Mexico Economy Recovers Quickly
 The News
The Mexican economy is recovering very quickly from last year’s sharp downswing and is already shows signs of recovery, said Alicia Bárcena, the executive secretary of the Economic Commission for Latin America and the Caribbean (Cepal).
Peso Ascends With Loonie as Hedge Funds Favor Nafta Currencies
 Chris Fournier & Ye Xie
Mexico’s peso and Canada’s dollar are outperforming all other major currencies for the first time since at least 1998 and probably will keep rallying as the U.S. recovery lifts the rest of the world’s largest trading bloc.
Vale Exec Accuses Striking Miners of Racism
 The Real News Network
Strike gets ugly as Canadians respond to allegations of race-baiting in dispute with Brazilian company.
Crisis Inspires Loyalty in Mexican Workers
 Adrián Jiménez
The economic recession in Mexico, which has left around 2.73 million people unemployed to date, has created a strong sense of commitment among employees, according to a recent labor force survey by Kelly Services, an international human resources firm.
Key Political Risks to Watch in Mexico
 Catherine Bremer
Raging drug gang violence, a tepid economic recovery, flagging momentum on economic reforms and declining oil output are all risks to watch for this year in Mexico, which needs to keep up investor confidence to maintain its debt ratings and help it out of a recession.
US Underemployment Rises to 20.3% in March
 Jenny Marlar
Gallup Daily tracking finds that 20.3% of the U.S. workforce was underemployed in March - a slight uptick from the relatively flat January and February numbers.
Mexico Peso, Bonds Gain as Debt Eligible for Citigroup Index
Ye Xie & Veronica Espinosa
Mexico’s peso advanced to a 17- month-high and local bonds gained as Citigroup Inc. said the country’s peso debt is eligible to be included in its World Government Bond Index, helping lure foreign investors.
Mexico Forecast Calls for Inflation
 The News
Mexico’s rate of inflation will continue to rise in the next few months, driven by an increase in tax rates and the price of petroleum, according to a review of this year’s economic situation by leading financial specialists.
 Mijo! Brands Announces the Launch of Timothy Real Estate Group in Vallarta
 Daniel Gomez
Carl Timothy, co-founder of Timothy Fuller & Associates, stakes out his own direction in Vallarta's recovering real estate market with the recent launch of his new independent, full-service Puerto Vallarta real estate sales, rentals, and development agency, Timothy Real Estate Group.
US Ban on MEX Shrimp to End in October
 The News
The Mexican representative of Aquaculture and Fishing, Ramón Corral Avila, acknowledged yesterday that the actions of three Mexican shrimp boats triggered the U.S. embargo on high seas shrimp imports. However, Corral said he is confident that the embargo will be lifted in October 2010.
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