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Mexico Consumer Confidence Seen Up in November
 Jean Luis Arce
exican consumer confidence likely crept higher in November, according to a Reuters poll, as anxiety over the battered economy begins to subside.
Informal Economy in DF is Growing Dramatically
 Magnolia Velázquez
Due to high levels of unemployment in Mexico City, the informal economy has grown dramatically, the secretary of Labor and Employment said Thursday. More than 1.05 million people in the capital city make their living by selling goods and services from their house, door-to-door, on the streets, outside formal businesses and even from their cars.
Mexico’s Central Bank Raises 2010 Inflation Forecasts
 Jens Erik Gould & Crayton Harrison
Mexico’s central bank raised its inflation forecasts for 2010 as income, sales and excise tax increases take effect, which may signal policy makers will increase borrowing costs sooner than analysts forecast.
Mexico has Big Plans for Ethanol from Algae
 Verónica Díaz Favela
The Mexican company BioFields will begin production in 2014 of an algae-based biofuel at a site 300 kilometres from its border with the United States, which is likely to be its biggest customer.
Wal-Mart Will Pay $40 Million to Workers
 Dave Copeland
Wal-Mart Stores Inc., the world’s largest retailer, has agreed to pay $40 million to as many as 87,500 current and former employees in Massachusetts, the largest wage-and-hour class-action settlement in the state’s history.
Mexicans Evading Tax Mock Calderon’s Bid to Wean Nation Off Oil
 Thomas Black & Jens Erik Gould
Many shops that line Santo Domingo Square in Mexico City sell bogus receipts from hotels and retailers and phony invoices for 20 pesos, or about $1.50, apiece. Customers use them to reduce their tax bills by writing off business expenses they never incurred. Or they file false invoices that show they paid tax when they didn’t.
Q&A: Risk Insurance and Climate Change
 Tierramérica
The catastrophic risk insurance shared by the countries of the Caribbean could serve as a model for collective strategies for dealing with natural disasters resulting from climate change, John Nash, the World Bank's lead economist for Latin America and the Caribbean, told Tierramérica.
Mexico's Inflation Seen Jumping; Remittances Slump
 Patrick Rucker & Michael O'Boyle
Analysts watching Mexico sharply raised their inflation outlook for next year following tax hikes by Congress, a poll showed on Tuesday, which could put pressure on the central bank to raise interest rates.
Carstens Says Willing to Head Mexico Central Bank
 Jason Lange
Mexican Finance Minister Agustin Carstens said on Tuesday he would be willing to head the central bank when Gov. Guillermo Ortiz's term ends this month.
Democrats Abroad's John Chudy Ph.D at IFC
 Paul Crist
On December 9th at the International Friendship Club, Democrats Abroad Guatemala Chairman John Chudy Ph.D. will present a slide show and discussion exploring what went wrong to derail the US economy and whether the stimulus package approved in early 2009 can effectively correct its trajectory.
CIA Pulls SWIFT One to Get Peak at Your Bank Records
 Press TV
European Union governments have given in to the pressure and appear set to make a last-minute agreement with the United States to allow its intelligence agencies to monitor bank accounts and transactions across the bloc.
 FDIC Reports Biggest Drop for Business Loans on Record
 Paul Wiseman & Pallavi Gogoi
U.S. banks are earning money again, but they're writing fewer business loans, threatening a fragile economic recovery. Loans to businesses fell 6.5%, and real estate loans plummeted 8.1%.
Mexico's Central Bank Predicts Growth
 Associated Press
Mexico's central bank is holding its benchmark interest rate at 4.5 percent for the fourth consecutive month.
Limit on US Bank Fee Won’t Be Painless
 Robert Cyran & Martin Hutchinson
Regulators and politicians are competing to rein in bank overdraft fees. The Federal Reserve decided this month that banks must receive customers’ consent before allowing them to overdraw their accounts. Other proposals in Congress go even further, limiting charges or prescribing the structure of fees.
UN Meets Homeless Victims of American Property Dream
 Chris McGreal
UN special rapporteurs are more often found investigating human rights in Sudan and Burundi or abuses of the Israeli occupation than exposing the underbelly of the American dream.
Black Friday: Will Retailers See Black or Red?
 Anne D'Innocenzio
US retailers are ushering in the traditional start of the holiday shopping season with expanded hours and deep discounts on everything from toys to TVs to lure crowds of shoppers.
Mijo! Brands Launches Beach Concierge
 Daniel Gomez
Mijo! Brands has launched Beach Concierge in Puerto Vallarta. The full service, private, concierge-services company is dedicated to providing its local and visiting clients with a full roster of services focused on making life luxuriously simple.
The 'Real' US Jobless Rate: 17.5% Of Workers Are Unemployed
 Jeff Cox
As experts debate the potential speed of the US recovery, one figure looms large but is often overlooked: nearly 1 in 5 Americans is either out of work or under-employed.
Activists Target "World of Coca-Cola"
 Matthew Cardinale
Activists from the U.S. and Colombia are targeting the World of Coca-Cola museum, located near its headquarters in Atlanta, Georgia, accusing the company of "union busting", paying its workers "poverty wages", and engaging in environmentally destructive practices.
World Bank Approves $1.5B Mexico Loan
 BBC News
The World Bank has approved a $1.5bn (£900m) loan to support Mexico's economic stimulus packages which aim to help it recover from the downturn.
Wal-Mart Expands in Mexico
 Lauren Villagran
Sluggish as sales have been in the U.S., Wal-Mart is looking south for a boost to its bottom line, as Mexico has become one of the discounter’s highest-growth markets.
Mexican FM Calls for Improving Latin America-Asia Integration
 Han Jingjing
Mexico's Foreign Minister Patricia Espinosa called Tuesday for improving the integration between nations of Latin America's Pacific coast regions and their cooperation with Asian countries to fight the global economic crisis.
Development Bank Funds over US$1B in Border Projects
 Kent Paterson
In a milestone of sorts, the North American Development Bank (NADB) recently exceeded the billion dollar mark in financing projects for the US-Mexico border region.
Mexico Peso to Gain Up to 20% After Fitch Downgrade
 Jose Enrique Arrioja
Mexico’s peso is poised to rise as much as 20 percent against the dollar over the next year because the currency is one of the cheapest in emerging markets and exports to the U.S. are set to grow, according to Pacific Investment Management Co.
Mexico Sees Continued Drop in Tourism
 Valarie D’Elia
Mexican tourism is down about 20 percent this year as a result of a trifecta of trouble: the recession, the swine flu and the perception that it is a dangerous place to visit.
Mexico Sets Airwave Auction Rules After Two-Year Wait
 Crayton Harrison
Mexico’s government laid down rules for an auction next year of mobile-phone airwaves that could introduce new competition for America Movil SAB, the country’s leading carrier.
100 Things Restaurant Staffers Should Never Do
 Bruce Buschel
Herewith is a modest list of dos and don’ts for servers at the seafood restaurant I am building. Veteran waiters, moonlighting actresses, libertarians and baristas will no doubt protest some or most of what follows.
Economy Expands in Mexico
 Anthony Harrup
Mexico's economy, battered by the financial crisis, expanded for the first time in a year during the third quarter, growing 2.93% from the second quarter, official data showed Friday.
Tax Havens & Currency Speculation
 The Real News Network
Kapoor: Tax currency speculation, close off-shore tax havens and raise tax on unearned income.
Mexico Senate Could Vote on Telecom Laws Next Week
 Noel Randewich
Mexican senators could vote next week on a proposal to remove foreign-investment limits in fixed-line telephone companies, which would be a blow to market leader Telmex, controlled by tycoon Carlos Slim.
Mexico's Economy Seen Growing in Third Quarter
 Jean Luis Arce
Mexico's economy likely expanded 2.4 percent in the third quarter compared with the previous three months as the country began to recover from a deep recession, according to analysts surveyed by Reuters.
Cancun Real Estate Market to Offer New Opportunities
 Cindy Ader
The attractiveness of Cancun Real Estate and tourism have recently prompted the airport's operator, ASUR, to open a second runway, considerably expanding the airports capacity. As a part of this move, there are plans to convert the airport into an international hub for flights not only arriving from North America, but for travelers connecting to Central and South American and Caribbean destinations.
Mexican Immigrants' US Taxes Top Remittances
 The News
In 2008, Mexican immigrants living in the United States paid $53 billion in taxes, directly and indirectly, which is double the amount of remittances - about $26 billion - they sent home during the same period.
Video: Dean Baker and John Nichols on GRITtv
 GRITtv
Watch Economist Dean Baker and Author John Nichols in discuss the possibility of new ideas for economic stimulation with GRITtv's host Laura Flanders.
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