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 Massive US Military Budget Passed
 The Real Network
While debate over the Paulson bailout package dominated the headlines, the US Congress quietly passed a landmark $615 Billion defense spending bill
Mexico Gets the Wall Street Jitters
 Frontera NorteSur
Monday’s Wall Street plunge also sent the Mexican stock market into a dive, with the Bolsa plummeting by more than 6 percent, though it quickly regained ground the following day like its deeper-pocketed big brother in the north.
There Might Be a Financial Crisis, But the World's Arms Dealers Are Doing Just Fine
 Frida Berrigan
The CEO of a weapons manufacturer has plenty of chances to rub elbows with deputy secretaries of defense, officials from Homeland Security, retired military personnel, and the best and brightest of the defense establishment almost any week of the year.
Mexico Secretary Says Crisis Affects Latin America
 Associated Press
Mexico's Treasury Secretary says the current financial crisis will "undoubtedly" affect Latin America, reducing demand for the commodity exports that have fueled the region's recent boom.
Mexico's Mortgage Industry Flourishing Amid America's Financial Collapse
 Business Wire
Leading Mexico mortgage broker MEXLend closed a record number of mortgages for 2008, proving that despite the dire circumstances of the American financial market, Mexico’s mortgage industry is not only healthy, but thriving.
MEXLend Introduces New Hire for Peso Loan Division
 PVNN
Leading Mexico mortgage broker MEXLend recently announced the addition of Pamela Martin del Campo to the Puerto Vallarta office. Ms. Martin del Campo will head up the office management and assist with the increasingly popular peso loan program.
Latin American Stocks Plunge
 Associated Press
Latin American stocks plunged and shares of key Brazilian companies suffered their steepest losses in nearly a decade on Monday after U.S. lawmakers rejected a $700 billion bailout package meant to reboot the global economy.
Bailout Defeated; Dow Jones Falls 777.68 Points
 CTV.ca News
Republicans and Democrats blamed each other for the defeat of a US$700-billion bailout plan Monday, as the Dow Jones plummeted to its biggest point-drop in history.
Slim and Yunus to Offer Credit to Mexico's Poor
 Associated Press
Mexican billionaire Carlos Slim and Bangladeshi Nobel Prize winner Muhammad Yunus are joining forces to offer credit to poor people in Mexico.
Dow Falls 300 Points Ahead of Bailout Vote
 Associated Press
The Dow Jones industrial average fell more than 300 points, while demand for safe-haven buying in government debt remained high ahead of a planned House vote on an unpopular $700 billion plan to rescue troubled financial companies and as investors examined a deal for Wachovia Corp.
Cash America Announces Intent to Acquire Ownership in 100 Pawn Locations in Mexico
 Centre Dailt Times
Cash America International, Inc. (NYSE: CSH) announced today that it has entered into a letter of intent to acquire an 80% ownership interest in a 100 store chain of pawnshops in Mexico.
Latin American, Caribbean Economies Navigate Through U.S. Crisis
 Jane Bussey
Latin America has shown staying power during the credit crisis that has engulfed the U.S. financial system. Despite rising fears and forecasts predicting an economic slowdown in the region, most Latin American economies have shown resilience amid the U.S. market convulsions.
Company Turns Containers Into Homes
 Associated Press
It was a side trip through a destitute, ramshackle neighborhood in Ciudad Juarez, Mexico, that detoured Brian McCarthy from building houses in Albuquerque to an idea to offer the very poor a chance to own a home. His answer lies in a humble steel shipping container.
Mexican Banks Weather Crisis but Stem Lending
 Noel Randewich
Mexico's banks, mostly owned by foreign heavyweights, are in good shape to weather a crisis shaking industry leaders on Wall Street, but caution is leading them to put the brakes on years of speedy growth.
Is a Deal Near on Wall Street Bailout?
 Virginie Montet
US Treasury Secretary Henry Paulson and leading lawmakers early Sunday reported "great progress toward" reaching an unprecedented 700-billion-dollar Wall Street bailout plan before markets reopen, saying the accord would likely be finalized later in the day.
$56 Billion Stimulus Bill Fails in US Senate
 Andy Sullivan
The Senate on Friday blocked a $56.2 billion economic stimulus package that would have extended unemployment benefits, increased food aid and funded new construction projects to create jobs.
Mexican Port to Get $105M Makeover
 Cargonews Asia
SSA Mexico, the local branch of US-based container ports company Stevedoring Services of America, will spend over US$105 million to expand the operational capacity of Colima state's Manzanillo port, Business News Americas reported.
Calderon - Finances Solid, Economy May Slow
 Manuela Badawy & Noel Randewich
Mexican President Felipe Calderon and Central Bank Governor Guillermo Ortiz said on Thursday a widening U.S. credit crisis could crimp Mexico's economic growth but that their country's financial system is healthy.
Government Seizes WaMu and Sells Some Assets
 Eric Dash & Andrew Ross Sorkin
Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night, in what is by far the largest bank failure in American history.
Mexico Projects Record Food Production for 2008
 Associated Press
Mexico appears to be surviving the worst of the world's food crisis. Agriculture secretary Alberto Cardenas says he expects the sector to produce record amounts of vegetables, grains, meats and dairy products in 2008, thanks in part to heavy rains.
Luxury Hotel Property in Mexico to be Unveiled to Dubai Investors
 Desktop News
PURE International, global luxury property agent, is launching Taheima Wellness Resort & Spa, a condominium hotel development in Puerto Vallarta, to the Middle Eastern market.
Ten Year Performance of the Mexican Stock Market
 Jim Sherrer
The PAN party, led first by President Fox and currently by President Calderon, both Harvard graduates, has brought Mexico from a Third World Country to a Newly Industrialized Country (NIC) standing in a matter of eight short years.
Calderon Warns Changing Nafta Could Hurt US, Mexico Economies
 Fabiola Moura
Mexican President Felipe Calderon called on the U.S. to preserve the North American Free Trade Agreement and increase competitiveness with Europe and Asia, saying any renegotiation could harm both countries' economies.
Economic Impact of Sport Fishing in Los Cabos is Huge
 Pete Johnson
In 2007 and 2008, a comprehensive study was conducted to estimate the dollars, jobs and tax revenues created by anglers in the Los Cabos region. The Billfish Foundation study shows sport fishing generates over a billion dollar a year in Baja Sur.
Mexico Sees Meat Exports to U.S. Resuming This Week
 Christopher Doering
Mexican meat producers will start shipping meat again to the United States this week after temporarily halting exports to inspect sanitary conditions at processing plants, producers said on Monday.
Making Mexico Real Estate Closings Simple
 Linda Neil
A Virtual Closing allows the buyer, seller, legal counsel and other professionals involved in a Mexico real estate closing to be in communication and take care of all of the details - without having to leave their home or office.
Citigroup Eyes Growing Bad Debt in Mexico
 Chris Aspin, Noel Randewich & Armando Tovar
Growing bad debt could threaten Mexico's banks unless they change criteria for lending, Citigroup's head of Latin American operations said in an interview published on Monday.
The Wall Street Bailout Plan, Explained
 David Stout
News reports about the upheaval in the world of finance have been full of esoteric terms like “mortgage-backed securities” and “credit-default swaps,” but the crisis has resonated for people who know little about Wall Street and who did not think they would ever have to know. Here are several questions and answers of concern to Main Street Americans.
Free Market Bailed Out
 Ron Blackwell & Ellen Frank
President Bush says the $700 billion bailout of Wall St. necessary because he's worried about "Main St." Democrats say this plan has nothing in it for Main St. and needs changes.
Punta Colonet - Mexican MegaPort, American MegaProfit
 PR-inside
Vast fortunes will be made as Mexico turns the sleepy seaside town of Punta Colonet into one of the world's biggest mega-ports and a principal transfer point for Asian goods destined for U.S. markets.
Meltdown Slows the 2nd-Home Market
 Tom Kelly
The residential mortgage meltdown in the United States not only has devalued investors' significant assets but it has also stymied their ability to create and explore potential future business.
Bush Officials Urge Swift Action on Rescue Powers
 Edmund L. Andrews
The Bush administration, moving to prevent an economic cataclysm, urged Congress on Friday to grant it far-reaching emergency powers to buy hundreds of billions of dollars in distressed mortgages despite many unknowns about how the plan would work.
CasaMagna Marriott Completes $1.2 Million Renovation
 ClickPress
CasaMagna Marriott Puerto Vallarta Resort & Spa recently completed a $1.2 million renovation for its banquet and meeting facilities. The makeover included new carpeting, woodwork and upholstery, as well as installation of new lighting and a state-of-the-art audio system.
HSBC to Divest its Stake in Financiera Independencia
 PRNewswire
Financiera Independencia, a Mexican microfinance lender of personal loans to lower income segment individuals, announced today that HSBC Overseas Holdings UK Limited, has informed the company of its intention to divest its entire stake in Independencia.
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