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 Business News
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The Villa Group Announces Updates on Loreto Projects
 eTN
Scheduled for a mid-November opening will be the Hotel Santa Fe, a 125-room hotel in downtown Loreto; its sister property, also owned by The Villa Group, is located in Cabo San Lucas. The Hotel Santa Fe is located at the entrance of the town of Loreto next to the famous "Domingo's" restaurant.
US Big Tobacco Exploits Tax Loopholes
 Matt Apuzzo
With a simple marketing twist, tobacco companies are avoiding hundreds of millions of dollars a year in taxes by exploiting a loophole in President Barack Obama's child health law.
Tijuana Builders Set Pioneering Green Goal
 Sandra Dibble
There are taller buildings in Tijuana. And far more colorful ones. But in a corner of the city’s Rio Zone, the developers of a 14-story office building are striving for a different kind of distinction: becoming the first certified “green” structure in northwest Mexico.
Mexico Approves Budget With Two-Decade High Deficit
 Adriana Lopez Caraveo & Thomas Black
Mexico’s Congress approved the 2010 budget today that includes 3.18 trillion pesos ($244 billion) of spending and the widest deficit in more than two decades.
Stylized Nudes Expected to Top Latin American Art Sales
 Walker Simon
A bronze of a voluptuous nude holding a cigarette and a volcanic landscape strewn with lifeless limbs top this week's Latin American art auctions.
President Calderón Stresses Need to Link Carbon Emission Reduction Goals to Economic Incentives
 Suzanne Stephens Waller
The Presidency reports that Mexican President Felipe Calderón, together with Australian President Kevin Rudd hosted a breakfast for Asia-Pacific Economic Cooperation CEOs to discuss the phenomenon of climate change.
Ortiz Says Fixing ‘Screwed Up’ Mexico Should Be Easy
 Fabiola Moura
Mexican central bank Governor Guillermo Ortiz said it should be easy to fix problems holding back the country because “things are so screwed up.”
Mexico Plans Big Gulf Tourism Center Near Texas
 Associated Press
Mexico is planning a big new tourism center near the U.S. border along the Gulf of Mexico. The Fonatur agency that also created Cancun says its new Costa Lora development should eventually have 20,000 rooms for guests and create 115,000 jobs.
Trade Protection Threatens World Recovery - Calderon
 Dean Yates
Trade protectionism is a major threat to the global economic recovery while countries should stop manipulating their currencies, Mexican President Felipe Calderon said on Saturday.
Mexico's Top Bank Upbeat On Vacation Homes As Loans Grow
 Ken Parks
Mexico's largest banking concern Grupo Financiero BBVA Bancomer SA sees its fledgling cross-border mortgage business growing this year and in 2010 as Americans continue to buy second homes in Mexico despite a weak U.S. economy.
HealthCare Resources Puerto Vallarta Presents: Do I Need a Mexican Will?
 Pamela Thompson
If you are a full- or part-time resident or own property in Puerto Vallarta, you won't want to miss a special presentation by Lic. Rolo Romero, who will answer your questions about Mexican wills at the International Friendship Club House on Monday, November 23rd at 10:00 am.
Mexico to Participate in APEC Economic Leaders' Summit in Singapore
 Suzanne Stephens Waller
Mexican President Felipe Calderón will participate in the 17th Summit of Asian-Pacific Economic Forum to be held on the 14th and 15th of this month in Singapore, whose slogan is: Sustained growth: connecting the region.
Mexico Reports UK Tourism Drop in the Wake of Swine Flu
 TravelWeekly UK
The swine flu epidemic has caused Mexico's UK tourist arrivals to plummet this year, according to latest tourist board figures.
US Foreclosures Dip Slightly in October, Still Up For Year
 J.W. Elphinstone
The number of homeowners on the brink of losing their homes dipped in October, the third straight monthly decline, as foreclosure prevention programs helped more borrowers.
 Anatomy of Casino Capitalism
 The Real News Network
Jane D'Arista unravels the web of banking confidence schemes.
What the CBO Isn't Telling Congress: Climate Change Threatens Million of Jobs
 Joe Uehlein
While fewer and fewer people are willing to publicly deny the validity of global warming science, those who oppose action to protect the climate have taken up a new strategy: Denying that climate change will have a major impact on the US economy.
New Members-only Web Site Launches to Buy, Sell and Trade High-end Assets
 Business Wire
BillionaireXchange is the world’s first private online auction, sales and trade Web site for high-end luxury assets, with more than 26,000 multi-millionaires as well as nearly a dozen billionaires as members.
Top Bailed-Out US Banks to Pay $30 Billion in Bonuses
 John Byrne
Three of the largest Wall Street firms - which together received $45,000,000,000 in taxpayer bailouts - are on track to hand out $29,700,000,000 in bonuses this year - and that's only the three largest firms.
Recession Slows Growth of Medical Tourism from 2007-2009
 Deloitte Center for Health Solutions
While the economic recession has eroded the growth rate for medical tourism by approximately 13.6 percent from 2007 to 2009, the economic recovery may help spur a sustainable 35 percent annual growth rate for the medical tourism industry by 2010.
Mexico: Women Package the Sweet Taste of Nostalgia
 Emilio Godoy
Years ago, when Catalina Sánchez saw an opportunity to earn an income and improve her family’s living conditions by growing and selling nopales - an edible cactus native to Mexico - she probably never imagined that her idea would spawn three businesses.
True US Unemployment Rate Stands at 17.5%
 Stephen C. Webster
According to figures released by the Department of Labor, the real marker of American unemployment stands at 17.5 percent - a figure which takes into account under-employed workers and those who have not sought work in the last four weeks, according to a published report.
GAP Reports Passenger Traffic Decrease of 5.0% for October
 PRNewswire
During October 2009, total terminal passengers decreased 5.0% compared to the previous year, domestic passenger traffic decreased 4.3%, while international passenger traffic decreased 6.7% compared to October 2008.
US Unemployment Soared to a 26-Year High of 10.2% in October
 BlacklistedNews
The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast, underscoring why Federal Reserve policy makers say interest rates will remain low until the labor market recovers.
Mexico No Longer in Recession, Says President
 IANS
The Mexican economy grew 2.7 percent in the third quarter and has therefore climbed out of its worst recession in decades, President Felipe Calderon has said.
Mexico Infrastructure Conference: Portfolio of Infrastructure Projects for 2010
 Bruce D. Greenberg
The Mexico Infrastructure Conference, scheduled to take place on November 19th at the Sheraton New York Hotel and Towers, presents an opportunity to meet the heads of the most important Mexican Government Agencies and Secretaries related to infrastructure in a single event.
Germany, Mexico, US Top Smart Energy List
 Agence France-Presse
Germany, Mexico and the United States have crafted some of the world's smartest policies for improving energy use, according to a study released on Thursday on the sidelines of the UN climate talks in Barcelona.
Can the Goldman Ponzi Scheme Happen Again?
 The Real News Network
Greg Gordon: There is nothing that can prohibit or stop the Wall St. firms from making secret bets.
Mexico Senators Ask Court Ruling on Citi Ownership
 Miguel Angel Gutierrez
Mexican senators asked the Supreme Court on Wednesday to rule on whether Citigroup's local bank is breaking the law by being partly owned by the U.S. government, a Senate spokesman said.
Dollar Losing Its Luster but Still Reigns Globally
 Todd Benson & Elzio Barreto
Until a few years ago, most Brazilians able to hoard cash would rush to buy U.S. dollars to prevent runaway inflation or another economic meltdown from wiping out their hard-earned savings. These days, with the greenback getting trounced around the globe and the Brazilian real soaring, the once almighty dollar is losing its luster in Latin America's largest country.
Frequent Flower Buyers Seek Product Variety
 Michael W. Neff
Florists and other retailers who sell flowers and plants can now add another tool to their marketing kit. A recent study of "consumption values" may help them understand what influences consumers' choices in regard to floral purchases, and how to better design marketing efforts and purchase stock that can increase customers and sales.
Key Trends Emerge for Mexico's Home Decor Market
 PVNN
Celebrity decorator Steve Oratowski and Debra Stevenson of Puerto Vallarta based CRATE Interiors attended The World Market Center in Las Vegas this month, featuring over 5.1 million square feet of furniture space under one roof.
PokerTek Installs First PokerPro Table in Puerto Vallarta
 Business Wire
PokerTek, the industry pioneer and worldwide leader in automated poker tables, announced today that they have been selected as Pringsa/Cirsa`s preferred vendor for automated poker tables. The first PokerPro system was installed at the Emotion Bingo gaming property in Puerto Vallarta.
U.S. Dumps China for Mexico
 Veronica Galan & Enrique Duarte
Mexico did not have an extreme economic makeover, but the global recession was enough to defeat China as the number one place for American assembly-for-export factories, or maquiladoras.
Mexico Peso Hit by Global Bank Fears, Ratings Eyed
Michael O'Boyle
Mexico's peso weakened sharply on Tuesday over concerns about the global banking sector that boosted the U.S. dollar's safe-haven appeal while worries of a possible debt downgrade for Mexico loomed.
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