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Baja Condo Projects Mired In Economic Quicksand
 Michelle Mowad
The residential real estate market in Baja California, Mexico is mirroring the slowdown in both units sold and lower median prices in Southern California. The surge of construction along the coast during the housing-market high a few years ago has also burst south of the border.
Mexico Inflation Accelerates on Food, Gasoline Prices
 Hugh Collins & Jens Erik Gould
Mexico's inflation accelerated to the fastest in almost in four years, driven by higher costs for food and gasoline. Consumer prices climbed 5.39 percent in July from a year earlier, and 0.56 percent from June, the central bank said today on its Web site.
Mexico Consumer Confidence Hits Record Low in July
 Noel Randewich & Jason Lange
Mexico's consumer confidence index dropped in July to its lowest since it was launched in 2001 as shoppers worried about soaring food prices. The consumer confidence reading slipped to 88.4 from 90.7 in June.
Weakening Dollar Losing Buying Power in Mexico
 Chris Hawley
The plunging U.S. dollar already has forced many Americans to give up vacations in Europe. Now, the dollar has lost a tenth of its value against the Mexican peso since January, meaning that beach trips to Acapulco, Puerto Vallarta and other sunny points south of the border are quickly becoming more expensive, too.
Mexico Names Ex-Businessman as Economy Secretary
 Associated Press
President Felipe Calderon named his pro-business former chief of staff as economy secretary on Wednesday as the country battles rising inflation and falling remittances from Mexicans working abroad.
Mexico Businesses Tighten Security Against Drugs
 Michael O'Boyle
Businesses in Mexico are tightening security against drug gangs that sneak narcotics into export shipments to the United States and have turned manufacturing centers on the U.S. border into battlegrounds.
Treasury Targets Mexico Drug Cartel Associate
 David Lawder
The U.S. Treasury said on Tuesday it blacklisted 14 Mexican companies and 17 people it said were tied to a drug kingpin associated with the fractured Sinaloa cartel in Mexico.
Mexico Peso Firms to Six-Year High; Stocks Tumble
 Michael O'Boyle
Mexico's peso firmed to a six-year high on Monday as lower oil prices eased some economic fears and investors bet on higher local interest rates, while stocks sank to a six-month low.
Two-Year Extension Set for Mexican Truck Access Opposed by Congress
 CQ Today
The Bush administration announced Monday its plans to extend for two years an unpopular Mexican cross-border trucking project required by a trade treaty, setting up a bitter turf battle with Congress.
Strong Economy Propels Brazil to World Stage
 Alexei Barrionuevo & Mery Galanternick
Despite investor fears about the leftist bent of President Luiz Inácio Lula da Silva when he was elected to lead Brazil in 2002, he has demonstrated a light touch when it comes to economic stewardship, avoiding the populist impulses of leaders in Venezuela and Bolivia.
Mexican Airlines Face Losses Due to Oil Prices
 Veronica Gomez Sparrowe
Mexico's airline sector, like everywhere else in the world, is struggling with high oil prices and the Mexican government's refusal to subsidize jet fuel is making it harder for local carriers, some of which have canceled routes this year.
Mexico Bank Raises Inflation Forecasts Through 2010
 Jens Erik Gould & Hugh Collins
Mexico's central bank raised its inflation forecasts through 2010 because of higher-than-expected commodity costs, increasing speculation policy makers will again raise the country's benchmark lending rate.
Wal-Mart Warns of Democratic Win
 Ann Zimmerman & Kris Maher
Wal-Mart Stores Inc. is mobilizing its store managers and department supervisors around the country to warn that if Democrats win power in November, they'll likely change federal law to make it easier for workers to unionize companies - including Wal-Mart.
President Calderón Calls for Major Alliance for Sustainable Development of Countryside
 Presidencia de la República
President Felipe Calderón urged all the actors in the countryside to build an alliance for sustainable rural development, in which each one will assume specific commitments to productivity and transparency in the handling of federal and local resources.
Mexico's Currency Trades Near Strongest Since 2002 on Rate Bets
 Valerie Rota
Mexico's peso traded near its strongest since 2002 on bets central bankers will raise the benchmark lending rate in August for a third straight month to curb the fastest inflation in more than three years.
US Home Prices Fall in May; Consumer Confidence Is Flat
 Michael M. Grynbaum
Two trouble spots in the economy showed little sign of improvement in the last few months, as home prices fell again in May and consumer confidence stagnated in July, according to a pair of reports out Tuesday.
Fannie Mae Unsold $5 Billion Homes Bring Peril to Shareholders
 Bob Ivry & Sharon L. Lynch
Fannie Mae, the largest U.S. mortgage finance company, couldn't find a buyer who would pay $6,900 for the three-bedroom house at 1916 Prospect St. in Flint, Michigan. So broker Raymond Megie, who is handling the foreclosure sale, advised cutting the price to $5,000. Megie still couldn't sell it.
America for Sale: Foreigners on Prowl
 Ben Steverman
American companies are on sale. Foreign buyers are circling, taking advantage of a weak U.S. dollar and a depressed stock market to snap up U.S. companies at discounted prices.
China Owns America (Or Will Before Long)
 David M. Dickson
Four years ago, when the foreign-exchange reserves of China totaled about $450 billion and the value of China’s holdings of U.S. securities was about $300 billion, former Treasury Secretary Lawrence Summers warned about the emergence of a global “balance of financial terror.”
 Super-Rich Tax Cheats
 American News Project
They hide an estimated $100 billion a year from the IRS, but now the U.S. Senate is turning up the heat on super-rich tax cheats. The man who ratted out some of these tax dodgers now lives in hiding and has a $10 million bounty on his head.
Mexicans Hold Nonbinding Oil-Reform Vote
 Mark Stevenson
Mexicans expressed mixed feelings about a nonbinding referendum on giving private companies a bigger role the country's flagging state-run oil industry.
 US House Prices Overvalued By Up to 20 Percent: IMF Paper
 Lesley Wroughton
The downward spiral of U.S. housing prices still has a way to go and homes were overvalued by between 8 percent to 20 percent in the first quarter of this year, according to research by an International Monetary Fund economist published on Friday.
US Home Foreclosures Up 14 Percent
 Agence France-Presse
US home foreclosures leapt nearly 14 percent in the second quarter from the previous quarter, research group RealtyTrac said Friday in a sign of deepening housing woes.
Fuel Prices, Weather Hurt Mexico's Tourism Industry
 Mariano Castillo
The U.S. economic downturn, high fuel prices and bad weather are all hitting the tourism business in Mexico as Americans stay away from the most popular resorts this summer.
Dollar Can't Buck the Trend Lower Vs. Peso
 Marla Dickerson
The super peso is back. As rising interest rates draw capital south of the border, Mexico's currency is trading near a six-year high against the U.S. dollar and is poised to crack the psychological 10-peso-to-the-buck barrier.
Mexico Bank May Raise Rate for Second Month as Inflation Mounts
 Jens Erik Gould
Mexico's central bank will probably raise its benchmark interest rate for the second straight month in a bid to temper the fastest inflation in more than three years.
Mexico Grounds 2 Airlines on Back Bills
 Associated Press
Mexico's transportation secretary says it has grounded two airlines for lacking proof they paid for fly rights in the country's air space.
Qantas' Dixon Outlines New World Order
 Steve Creedy
Surging fuel prices will create a new world order in aviation with a few giant global airlines, Qantas chief executive Geoff Dixon predicts. Mr Dixon warned a business lunch in Sydney that the industry faced a permanent transformation, driven by globalisation and high fuel prices.
World's Most Economically Powerful Cities
 Joshua Zumbrun
What's the world's most economically powerful city? If you picked New York or Tokyo, you'd be wrong. But when Forbes.com set out to measure the world's most powerful cities, the lack of useful data was surprising.
Ortiz to Limit 'Contamination' as Mexico Price Pressures Build
 Jens Erik Gould & Yamila Constantino
Mexico's central-bank governor, Guillermo Ortiz, said inflation pressures may be building even as some food and energy prices ease, and signaled the bank will seek to stop rising costs from spreading.
MEXLend Featured on Real Wealth Radio
 Robin Noelle
Kathy Fettke of the Real Wealth radio show in San Francisco California, recently hosted an on-the-air interview with MEXLend President David Schwendeman, who talked about lending options available to investors looking to purchase property in Mexico.
Given a Shovel, Americans Dig Deeper Into Debt
 Gretchen Morgenson
While the circumstances surrounding their downfalls vary, one element is identical: the lucrative lending practices of America’s merchants of debt have led millions of Americans — young and old, native and immigrant, affluent and poor — to the brink.
US Unemployment Highest in 20 Years
 The Real Network
The US labour department reported Wednesday that consumer prices rose 1.1 percent in June, the highest one month rise in 26 years, and the 12 month inflation rate at 5.0% the highest since may 1991.
The Death of the Mighty SUV?
 Reuters
Amid record gas prices, SUV and truck sales stall in the U.S. With gas swelling above 4 dollars a gallon, many auto shoppers are opting for smaller cars, and it's not styling or horsepower making the sale.
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