|««« Click HERE for Recent Business News|
Realtor 365 - Real Estate Procedures
In this episode of Realtor 365, Nicole Martin walks you through real estate closing procedures in Mexico, and interviews Nuevo Vallarta notaries German Goldman notary #10 and Jorge Carreaga notary #2. She also talks with lawyer David Connell, who explains the Mexican bank trust.
The Other Puerto Vallarta Property Choice – Land Investment
If you have been considering buying a Puerto Vallarta property, you have probably considered buying a condo, or perhaps a villa with a view of the ocean. One option not to overlook, however, is the possibility of Puerto Vallarta land.
The US Recession is Also a Mancession
The Real News Network
Nancy Folbre: Men are loosing jobs faster than women.
Mexican Inflation Seen Higher in Central Bank Poll
Analysts following Mexico's economy slightly raised their expectations for 2011 inflation and economic growth, a poll showed on Friday.
Companies Shun Mexico as Violence Spirals
Wall Street Journal
Growing numbers of companies are deciding to limit their investments in Mexico because of spiraling drug-related violence in one of the world's most important emerging markets.
Profit Outweighs Risk in Juárez Factories
In 2009, more than $42 billion in trade value moved through the ports that Ciudad Juárez shares with El Paso, representing 15 percent of the total trade between the United States and Mexico. That number is estimated to be even higher in 2010.
Lowering Workers' Wages is the Objective
The Real News Network
Leo Panitch: Big Business opposed to government jobs programs, as their objective is to drive wages down through fear and global competition.
IMF to Increase Line of Credit to Mexico
Mexico on Tuesday asked the International Monetary Fund to increase its flexible line of credit to 73 billion dollars, as it grapples with the continued impact of global recession.
President Reports on Measure to Protect Mexican Economy
Suzanne Stephens Waller
Earlier today, President Calderón issued a media statement reporting on his request to the International Monetary Fund to renew the Flexible Credit Line for a period of two years.
Major Sea of Cortez Marina and Resort Projects Underway
Mexico President Felipe Calderon announced plans for a huge new tourist development, including two marinas on the mainland side of the Sea of Cortez. Described as twice the size of Cancun, the new beachfront development will initially cover 7.5 miles of Sinaloa coastline in an area about 80 miles south of Mazatlan.
Despite Violence, Manufacturing in Juárez Climbing
In 2009, more than $42 billion in trade value moved through the ports that Juárez shares with El Paso, representing 15 percent of the total trade between the United States and Mexico. That number is estimated to be even higher in 2010.
Money Laundering Scandal Rocks Vatican Bank
This is no ordinary bank: The ATMs are in Latin. Priests use a private entrance. A life-size portrait of Pope Benedict XVI hangs on the wall. Nevertheless, the Institute for Religious Works is a bank, and it's under harsh new scrutiny in a case involving money-laundering allegations.
White House White Board: Tax Cuts, Unemployment Insurance & Jobs
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 provides vital tax relief and investments in our workers that will create jobs and accelerate economic growth
Businesses Seek Refuge from Drug War in Mexico City
Mica Rosenberg & Anahi Rama
Mexico City, known for its high crime rates and kidnappings, is becoming a safe haven for small businesses fleeing even worse drug violence raging elsewhere in the country, especially near the U.S. border.
Most Expensive Hotel Rooms in the World
Most of us have simple demands when it comes to travel lodging – a bed, a bathroom, a TV and wi-fi. There are others, however, whose demands far eclipse the simple convenience of your basic hotel room.
Mexico May Extend Oil Output Declines for 7th Year
Carlos Manuel Rodriguez
Petroleos Mexicanos, the state-owned oil company, is likely to post a seventh straight year of output declines in 2011 after the company faced delays to attract private investment for exploration projects.
GAP Reports Passenger Traffic Decrease for November 2010
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. announced decreased Mexico terminal passenger traffic figures for the month of November 2010 compared to traffic figures for November 2009.
Wal-Mart de Mexico November Same-Store Sales Up 0.5% on Year
Local retail leader Wal-Mart de Mexico SAB, or Walmex, said Tuesday sales at its stores open for at least 12 months rose 0.5% in November from a year earlier, marking the slowest growth rate since April.
Internet Marketing to Overtake Print by 2013
Online direct marketing could see significant growth over the next few years, according to a new report. A forecast from MagnaGlobal claims that spending on internet marketing will increase to $117 billion (£74.3 billion) globally by 2013, meaning it will be bigger than newspaper marketing for the first time.
Mexico Inflation Rises In November
Mexico's inflation rose to 4.32% in November from 4.02% in October, the central bank said Thursday. The rate of inflation was broadly in line with the 4.33% expected by economists.
Demand for US Foreclosed Homes Plummets
Buyers looking to purchase a foreclosed home saw the largest price discounts in almost five years as demand for foreclosed homes plummeted in the third quarter, a closely watched industry survey said on Thursday.
Mexico's Senate Ups Fines for Antitrust Breaches
Miguel Angel Gutierrez & Michael O'Boyle
Mexico's Senate approved a bill on Tuesday to dramatically increase fines against companies breaking anti-monopoly laws, which could help the wider economy by improving competition.
Expect at Least Three More Years of US Housing Problems
The housing market will remain depressed, with record high foreclosure levels, rising mortgage rates and a glut of distressed properties dampening the market for years to come, industry experts predicted on Tuesday.
PVRPV's New Cool Blue Campaign Kicks Off With a Splash!
The PVRPV office got an overnight overhaul on December 5th and everything has gone Cool Blue! Employees arrived Monday morning to find their office awash in a new coat of cool blue paint - and when they turned on their computers, they found the PVRPV website had been enhanced as well.
Big Sis Invades Wal-Mart: 'If You See Something, Say Something'
U.S. Department of Homeland Security
Department of Homeland Security (DHS) Secretary Janet Napolitano today announced the expansion of the Department’s national “If You See Something, Say Something” campaign to hundreds of Walmart stores across the country - launching a new partnership between DHS and Walmart to help the American public play an active role in ensuring the safety and security of our nation.
Donations Needed for PEACE Work for Food Program
The high-demand 'Work for Food' program initiated by local non-profit PEACE, which grew out of the September flood relief efforts in Nayarit and continued to expand due to the consistent increase in job loss and need, is in need of donations of food, cleaning supplies and clothes.
US Highlights Successes Against Investment Fraud
Zachary A. Goldfarb
In an effort to bring attention to the problem of investment fraud, federal authorities on Monday highlighted hundreds of cases inwhich defendants accused of financial wrongdoing had been arrested, charged criminally or sentenced to lengthy prison terms.
Documents Reveal One Bank’s Plan to Squeeze Customers for More Overdrafts
In recent months, rules from the Federal Reserve  have made it harder for banks to impose hefty overdraft fees when customers try to make debit transactions or ATM withdrawals without enough money in their checking accounts.
How Violence In Mexico Impacts Nearshoring
While India continues to be the dominant offshore outsourcing location, “nearshoring” (nearshore outsourcing) to Mexico has become an attractive strategy for many major U.S.-based companies. However, the recent upswing in drug cartel-related violence has thrown the risk-reward calculus into question.
Farming Must Wait in Line at Stalled Climate Talks
Incentives for climate-friendly farming must join a line behind forests and a stalemate over greenhouse gas emissions targets at U.N. climate talks, say experts halfway through a two-week conference.
Mexico Clears Way for Maiden Real Estate Investment
Mexico will offer shares of its first real estate investment trust early next year as Latin America's second-largest economy mints an asset that could help stimulate property markets.
US Drilling Decisions Ripple On 2 Coasts
Less than a year ago, struggling states and coastal towns saw crude exploration off the Gulf Coast and Atlantic seaboard as economic salvation. Yet the backlash from the BP oil spill has residents wondering if the industry will ever thrive again in U.S. waters.
Mexican Foresters Invoke Less Destructive Logging
Community leaders managing a fragment of ancient Mexican jungle say their approach to logging precious hardwoods protects rare jaguar and may guide nearby U.N. climate talks seeking a forest blueprint.
Fed Wants to Strip a Key Protection for US Homeowners
As Americans continue to lose their homes in record numbers, the Federal Reserve is considering making it much harder for homeowners to stop foreclosures and escape predatory home loans with onerous terms.