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Mexico's Big Cellular Problem: Carlos Slim
 Crayton Harrison
Mexico is dead last among Latin America's five largest economies in cell phone use per capita. The problem, government officials say, is billionaire Carlos Slim.
Mexico Real Estate Developer Tries New IPO Plan
 Gabriela Lopez
Mexican real estate developer Tres Marias aims to go public by June 8 under a new financing scheme that allows smaller companies to tap capital markets, the company said on Thursday.
Mexico: Women Electrical Workers at Centre of Struggle for Jobs
 Daniela Pastrana
LFC supplied electrical power to 20 million people in Mexico City and surrounding areas and employed 44,000 workers who belonged to SME, a combative, independent union. Some 5,000, or 11 percent, of the workers were women, and nine out of 10 of these were heads of households, according to union figures.
Plummeting Marijuana Prices Create a Panic in California
 Michael Montgomery
Marijuana in California costs much less than $2,000 a pound, according to interviews with more than a dozen growers and dealers. But the people who don't have quality product aren't selling it, according to a former underground grower who now cultivates medical marijuana.
Mexican April Jobless Rate Points to Weak Recovery
 Jason Lange & Leslie Josephs
Mexico's unemployment rate rose unexpectedly in April, the latest sign of weakness in the country's recovery from recession and another factor that could give the central bank more room to leave interest rates low.
Realtors Congregate in Washington for Mid-Year Meetings
 John K. Glaab
Each year in May, the National Association of Realtors stages the Mid-Year Meetings and Trade Show in Washington D.C. HUD Assistant Secretary for Housing and FHA Commissioner, David H. Stevens gave the keynote address at this year's conference, which took place from May 10-15.
 Finance Bill: A Few Good Measures but Mostly Show
 The Real News Network
William Black: Senate Finance Bill has a few good reforms, but maintains structural blackmail.
California Real Estate Broker Convicted
 Michael Richardson
A California, a real estate broker, was convicted of conspiring with her boyfriend and his brother to commit $17.5 million in real estate fraud by purchasing 35 properties using stolen identities and intentionally defaulting on loans in order to steal the loan money.
Mexico Trade and the Arizona Law
 Tim Gaynor
Some Mexican visitors have boycotted shops and stores in Arizona to protest the desert state's tough new law cracking down on illegal immigrants that is due to come into effect on July 29.
New Conference Center Opens in November At Casa Velas Hotel Boutique in Puerto Vallarta
 PRWeb
Meeting planners now have a new option for meetings and conventions in Puerto Vallarta, Mexico. This November, the all-inclusive 80-suite Casa Velas Hotel Boutique, a member of The Leading Small Hotels of the World, opens its doors to the new 3,663 square foot conference center adjacent to the resorts' garden area and the Marina Vallarta 18-hole championship golf course.
Mexico March Retail Sales Rise 2.3 Pct
 Michael O'Boyle & Robert Campbell
Mexican retail sales rose more than expected in March, led by clothing and household goods and appliances, the national statistics agency said on Friday.
US Jobless Claims Rise by Largest Amount in 3 Months
 Martin Crutsinger
The number of people filing new claims for unemployment benefits unexpectedly rose last week by the largest amount in three months. The surge is evidence of how volatile the job market remains, even as the economy grows.
US Senate Passes Financial Industry Overhaul
 Olivier Knox
In a major victory for President Barack Obama, the US Senate has passed the most sweeping overhaul of financial industry rules since the Great Depression of the 1930s.
Mexico's Economy Grows in 1st Quarter in Rebound from Crisis
 Associated Press
Mexico's economy is surging out of the global economic crisis, recording growth of 4.3 percent in the first quarter of the year compared to the same period last year.
US Prime Mortgages Going Bust at an Alarming Rate
 Kevin G. Hall
Aftershocks from the nation's financial crisis continue rumbling through the housing sector as fixed-rate mortgages held by the safest borrowers accounted for nearly 37 percent of new foreclosures during the first three months of this year, the Mortgage Bankers Association reported Wednesday.
Mexico Not Worried About Obama Campaign Pledge to Renegotiate NAFTA
 Alec MacGillis
Remember when Barack Obama vowed to voters in the industrial Midwest that he would renegotiate the North American Free Trade Agreement to make it more advantageous to U.S. workers?
Mexican Companies Restructuring Through Crisis
Emily Chasan
Corporate debt restructuring in Mexico has jumped over the past few years as companies struggled with bad bets on derivatives as well as the effects of the global recession.
Criminal Probe of Wall Street Banks Expands
Reuters
U.S. authorities are expanding their probes of past mortgage securities deals, with New York's attorney general opening an investigation into whether eight banks misled rating agencies, a source familiar with the matter said.
America's Ten Most Corrupt Capitalists
 Zach Carter
The financial crisis has unveiled a new set of public villains—corrupt corporate capitalists who leveraged their connections in government for their own personal profit.
Foreclosures Down but Millions Will Still Lose Homes
 Alan Zibel
Millions of Americans are still likely to lose their homes in the coming years, but the foreclosure crisis is finally showing signs of subsiding.
Mexico Factory Output Jumps; Auto Exports Surge
 Michael O'Boyle & Patrick Rucker
Mexico's industrial production rose at a surprisingly fast pace in March and auto exports surged in April in a sign growth is accelerating in Latin America's second largest economy.
Mexico's April Same-Store Sales Down 1.0 Pct
Veronica Gomez
Same-store sales in Mexico fell 1.0 percent in April, hit by a calendar effect and ending a four-month run of growth, Mexican retailers group ANTAD said on Wednesday.
U.S. Pawn Lenders See Gold in Mexico
 Supantha Mukherjee and Abhinav Sharma
Pawn lenders are seeing growth opportunities in Latin America as these markets offer a broad customer base that still rely on the age-old mode of borrowing.
Loophole for Business Travelers to Canada
 Maria Gallucci
The Canadian government has created a loophole for hundreds of Mexicans traveling to Canada on business, making it easier for professionals to obtain temporary travel visas on the fly.
BP Investor Sues Directors for Lapses Over Gulf of Mexico Spill
 Laurel Brubaker Calkins
A BP Plc investor has sued the company’s board of directors on claims its pursuit of profits at the expense of safety led to the Gulf of Mexico oil spill that could cost the company billions of dollars.
Mexico Clears Way for REIT Investments
 Patrick Rucker
Investors will soon begin to pour capital into Mexico's real estate market now that cumbersome tax laws have been changed, a senior finance official said on Friday.
8 Theories For Why The Stock Market Plunged Almost 1000 Points in a Matter of Minutes on May 6th
 The Economic Collapse
In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points on Thursday, May 6th before bouncing back to close down 347.80 points.
Unemployment Rises to 9.9 Percent, Driven by Jump in Labor Force Participation
 Dean Baker
The Labor Department reported that the unemployment rate rose to 9.9 percent in April as 805,000 people entered the labor force.
Mexico: Inflation May Rise at Year-End
Jason Lange, Patrick Rucker, Emily Chasan, Jean Luis Arce & Noe Torres
Mexican inflation will likely finish the year at the high end of the central bank's projected range but core price pressures remain under control, a top central banker said on Friday.
Carstens: Remittance Future Fragile
 The News
The United States has to develop an immigration agreement that will guarantee the rights of Mexican immigrants as soon as possible, Central Bank of Mexico Gov. Agustín Carstens said Thursday.
HSBC Mexico Eyes Robust Credit Growth
 Noel Randewich & Emily Chasan
The Mexican unit of HSBC plans to expand its lending by up to 12 percent this year as it focuses on mortgages and small businesses, after being bolstered by an injection of $700 million from its parent.
GAP Reports Passenger Traffic Decrease of 0.9% for April 2010
 Business Wire
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. announced today preliminary terminal passenger traffic figures for the month of April 2010 compared to traffic figures for April 2009.
BP Touts Itself as 'Green,' But Faces PR Disaster with 'BP Oil Spill'
 Paul Farhi
What do you call a gigantic man-made disaster that is threatening to despoil the ecosystems and wreck the economies of the Gulf Coast? The answer is important, if you happen to be one of the companies responsible for it.
Americans Seeking Reward Money Inform IRS on Others
 Ryan J. Donmoyer
Americans seeking reward money are turning in neighbors, clients and employers they suspect of cheating on taxes to the IRS at a rate of nearly eight per day, the director of the agency’s whistleblower program said.
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