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 Business News
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Great Recession Ended in June 2009, But Who Knew?
 Kevin G. Hall
With little fanfare, the National Bureau of Economic Research declared Monday that the so-called Great Recession is over, determining that the U.S. economy hit bottom in June 2009 and began a long, sluggish rebound.
Mexico July Retail Sales Slip 0.01 Pct From June
 Jason Lange
Mexican retail sales fell slightly in July in a setback for Mexico's recovery from recession that could give its central bank more room to leave interest rates low.
Medical Marijuana Growers Join Teamsters Union
 Marcus Wohlsen
As organized labor faces declining membership, one of the country's most storied unions is looking to a new growth industry: marijuana.
Wal-Mart to Aggressively Roll Out Smaller Stores in Urban Areas to Revive US Growth
 Anne d'Innocenzio
Wal-Mart Stores Inc. is planning an aggressive push into urban markets with a new small format that's a fraction of the size of its supercenters.
US States Working Harder to Collect Online Sales Taxes
 Alex Johnson
It’s too early to know exactly how much the Nebraska chapter of the March of Dimes raised this week at its annual Signature Chefs Auction in Omaha, but odds are that more than 10 percent of the charity’s proceeds are going straight to the tax man.
US Banks Seize Record Number of Homes
 msnbc.com
A record number of homeowners lost houses to their banks in August as lenders worked through the backlog of distressed mortgages, real estate data company RealtyTrac said last week.
 Fact and Fiction in Debate Over Bush Tax Cuts
 The Real News Network
Whether to extend all of the Bush-era tax cuts is a dominant issue in this election season. In the time-honored fashion of politics, both sides are busy bending and stretching the truth.
Mexico City to Host Premier Postal Event
 John Modd
Mexico City has been confirmed as the 2011 destination for Triangle’s World Mail & Express Americas Conference and Exhibition. The industry-leading event will take place on 6-8 February at the Camino Real Polanco Hotel.
Experts Denounce Slant in Mexico Corn Subsidies
 Emilio Godoy
The Mexican government's subsidies for corn (maize) production since 1994 have benefitted large- and medium-scale growers, to the detriment of small farmers, according to a new study by Mexican and U.S. researchers.
US Foreclosures Rise Again
 Alex Veiga
Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a row.
Mexico's Drug War: The Battle to Remain Safe, Low-cost and Competitive
 Knowledge@Wharton
Mexico became a manufacturing mecca thanks, in part, to its inexpensive labor and proximity to the massive U.S. market. But there is a new reality on the ground in that country these days: a surge in violence tied to the war on drug cartels that Mexico's President Felipe Calderon mounted after his election in 2006.
Self-Employment Key to Cuban Economic Overhaul
 Will Weissert
When authorities fire a half-million employees — 10 percent of the country's work force — in the next six months, they will steer many of those losing their jobs toward positions at foreign-run companies; encourage them to band together in cooperatives that will do everything from raising rabbits to making bricks — and even offer some the chance to start their own businesses.
One Less Privacy Intrusion: US Bill to End Pre-Employment Credit Checks
 J. Kane Latta
Will the Equal Employment for All Act make it out of the House Committee on Financial Services when Congress reconvenes this fall? The bill, HR 3149, would make it illegal for employers to use the personal and private credit reports of American job applicants when making hiring decisions for most positions.
A Latin American Decade?
 The Economist
For all the talk of regional integration, political Latin America looks more divided than ever. Yet while the politicians bicker, corporate Latin America is quietly moving closer together.
IMF Fears 'Social Explosion' From World Jobs Crisis
 Ambrose Evans-Pritchard
America and Europe face the worst jobs crisis since the 1930s and risk "an explosion of social unrest" unless they tread carefully, the International Monetary Fund has warned.
Mexico's BBVA Bancomer, Su Casita End Alliance Talks
 Amy Guthrie
The head of Mexico's largest banking group, BBVA Bancomer, confirmed Monday that his firm has ceased discussions to form a strategic alliance with the country's largest nonbank home-finance company, Hipotecaria Su Casita SA.
Mexico to Push Up Fuel Prices; Budget Fight Looms
 Luis Rojas & Miguel Angel Gutierrez
Mexico will continueraising domestic fuel prices to eliminate costly subsidies, Finance Minister Ernesto Cordero said late last week as he pushed an austerity plan that opposition lawmakers promise to fight.
Mexico: Broadband, Mobile Services Become Mainstays of Growth
 Sean Buckley
Driven by the growth of fixed VoIP, broadband Internet and mobile data, Pyramid Research forecasts that Mexico's telecom market will increase 4.4 percent from $22.9 billion in 2009 to $23.9 billion in 2010. By 2015, the market will expand at a CAGR of 7.9 percent to generate $24.9 billion.
Are You Utilizing Social Marketing in Your Business?
 William Michael
Social Marketing is the wave of the future and there is no better time than now to grow your business and your exposure and income. Vallarta Escapes is sponsoring a FREE one Hour Social Marketing presentation on September 23rd at the Centro Empresarial COPARMEX Vallarta.
Mexico Consumer Prices Rise 0.28 Pct in August
Patrick Rucker
Mexico inflation rose less than analysts expected in August as consumer prices were held down by weak economic growth.
Work Until You're Dead? That May Be the Only Option for Many Americans
 Jane White
Many Americans are likely to have to work until they are dead, not as a result of Social Security shortfalls but because of their inadequate 401(k) savings or the fact that they have no retirement plan at all.
Obama to Propose $300 Billion in Tax Breaks for Business
 Steven Thomma
President Barack Obama on Wednesday will propose $300 billion in accelerated or expanded tax breaks for business, a jolt of cash that he says would jump-start hiring and help revive the nation’s economy.
Mexicana Bankruptcy Filing Accepted by Mexico Judge After Planes Grounded
 Jonathan J. Levin & Crayton Harrison
A Mexico judge declared Cia. Mexicana de Aviacion to be in bankruptcy, a week after the country’s largest airline by passengers indefinitely grounded all flights.
In Mexico, Employment Agencies Multiply, But Regulation Lags
 Emilio Godoy
The global economic crisis has taken its toll in Mexico, as elsewhere, leading thousands of people to turn to private employment agencies to find jobs - even though some of their labour rights may be left unprotected.
US Sellers Cut Prices on 50% of Homes
 Sheree R Curry
Homeowners are slashing prices more drastically and more frequently, according to recently released data from ZipRealty. The average price reduction is now 7.1 percent of list price.
Mexico Aug. Consumer Confidence Improves
RTTNews
Mexico's consumer confidence index improved in August from the previous month, the national statistical agency INEGI said on Friday.
Mexico Says Drug Violence Dents Economy
 Luis Rojas
Raging drug gang violence is likely weighing on Mexico's economy as countries with crime problems can see 1.2 percentage points sliced off their GDP growth, the country's finance minister said this week.
Mexico Inflation Outlook Falls, Growth Up in Poll
 Patrick Rucker
Analysts pared their forecasts for Mexican inflation this year and slightly raised their 2010 growth outlook as economic weakness in the United States is seen spreading to its southern neighbor.
Mexico to Ban Payment in Cash
 PressTV
President Felipe Calderon put forward the sweeping new measures late last week to crack down on billions of dollars of the illicit money gained by the drug cartels and spent by them for more profit.
Mexico Economic Reforms on Hold Until 2012
 Jason Lange
Political deadlock will likely sink President Felipe Calderon's bid for big economic reforms before 2012 polls, hobbling Mexico's efforts to revive a calcified economy and catch up with Latin American rivals.
INSIDE JOB Official Trailer
 SonyPicturesClassics
From Academy Award nominated filmmaker, Charles Ferguson ("No End In Sight"), comes INSIDE JOB, the first film to expose the shocking truth behind the economic crisis of 2008.
High US Unemployment Could Last a Decade
 Sewell Chan
The American economy could experience painfully slow growth and stubbornly high unemployment for a decade or longer as a result of the 2007 collapse of the housing market and the economic turmoil that followed, according to an authority on the history of financial crises.
Mexican Recording Acts Embrace Corporate Partnerships
 Leila Cobo
In late 2009, the members of Mexican electro/pop group Moenia found themselves at a crossroads. A veteran act with seven albums to its name, the group was without a label contract. So the group's management company proposed an entirely different strategy: look for a brand partner and release new music under the auspices of that company.
Mexico's Largest Airline to Shut Down on Saturday
 Xinhua
Mexico's debt-laden airline Compania Mexicana de Aviacion will cease all operations on Saturday, senior government officials announced Friday.
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