Author: Staff

Mexico in Talks to Open Energy Sector to Private Investors – WSJ.com

Mexico in Talks to Open Energy Sector to Private Investors – WSJ.com

Posted by | Jun 18, 2013 | |

President Enrique Peña Nieto will seek in the coming months to end a taboo of nearly eight decades by opening the state-run oil-and-gas industry to private investment and competition, a move the government hopes will attract billions of dollars in investment.Mr. Peña Nieto’s government wants to allow private energy firms to share the risks involved in developing increasingly complex energy reserves such as deep-water oil deposits by letting them produce oil and gas through profit-sharing deals and joint ventures with state monopoly Petroleos Mexicanos, or Pemex, according to three high-level government and ruling party officials who gave details of...

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House proposal to further criminalize illegal immigration criticized

Posted by | Jun 18, 2013 | |

Critics of a GOP proposal designed to halt future waves of illegal immigration say it would actually target the 11 million unauthorized immigrants already living in the country, opening them up to prosecutions if the bill becomes law.“Snap your fingers and they would all be criminals,” said Kamal Essaheb, an immigration policy attorney with the National Immigration Law Center, which opposes the measure.Rep. Bob Goodlatte, R-Va., chairman of the House Judiciary Committee, and Rep. Trey Gowdy, R-S.C., who chairs the chamber’s immigration subcommittee, are proposing a measure that makes it a federal crime – a misdemeanor – to be “unlawfully present in the United States.”It is already a federal misdemeanor crime under current law to illegally enter the United States. The proposal would make it a crime if someones stays beyond their visa, and it would eliminate a current five-year statute of limitations on prosecution of such crimes.via House proposal to further criminalize illegal immigration...

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Times of Oman | Column :: Is US losing Latin America?

Times of Oman | Column :: Is US losing Latin America?

Posted by | Jun 18, 2013 | , |

A continent once afflicted by military takeovers has slowly but surely implanted stable democracies. Responsible economic management, poverty-reduction programmes, structural reforms, and greater openness to foreign investment have all helped to generate years of low-inflation growth. As a result, the region was able to withstand the ravages of the global financial crisis.The US not only encouraged these changes, but has benefited hugely from them. More than 40 per cent of US exports now go to Mexico and Central and South America, the US’s fastest-growing export destination.Mexico is America’s second-largest foreign market (valued at $215 billion in 2012). US exports...

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Videgaray Says Mexico’s Growth to Quicken as Spending Increases – Bloomberg

Videgaray Says Mexico’s Growth to Quicken as Spending Increases – Bloomberg

Posted by | Jun 17, 2013 | |

Mexico’s economic growth will quicken as the government increases spending in the second half of the year, Finance Minister Luis Videgaray said.The economy grew at the slowest pace in more than three years in the first quarter after spending was contained as a new government took over in December, Videgaray said in an interview in London. President Enrique Pena Nieto took office on Dec. 1.Investor confidence in Mexico has waned after the economy expanded less than analysts expected in the first quarter and government plans to overhaul the state-controlled oil industry were held up. Capital flows also have weakened...

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GOP border security plan rejected in Senate

Posted by | Jun 14, 2013 | |

The battle over border security started on the Senate floor Thursday with a defeat for Republicans looking to ensure that the southwest border with Mexico is locked down before any of the nation’s 11 million unauthorized immigrants can gain legal status.The Senate voted down an amendment proposed by Sen. Chuck Grassley, R-Iowa, requiring the Department of Homeland Security to prove “effective control” of the border for six months before unauthorized immigrants can get temporary legal status, the precursor to earning their green cards and U.S. citizenship.The vote was 57-43 to strike down Grassley’s amendment, and Republicans said it did not bode well for their efforts to enhance border security in the sweeping immigration bill they are debating.“This is not a very good start for those of us who would actually like to come up with a solution,” said Sen. John Cornyn, R-Texas, after the vote.via GOP border security plan rejected in...

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