Pemex Opening To Foreign Investment Will Pave The Way To Mexico’s Deepwater Oil Fields

Oil has been Mexico’s ticket to development for almost a century. And since the nationalization of Petróleos Mexicanos (Pemex) in 1937 — which Tuesday celebrated its 76 anniversary — it has been a source of pride and a fiercely defended symbol of Mexican independence.However, the golden-egg hen that Mexican oil once was is dying out. Pemex, still the seventh-largest oil company in the world and source of 8 percent of Mexico’s GDP, has been fighting trouble for some time now. With a total debt of $61 billion, or $100 billion when labor liabilities are factored in, Pemex might be...

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Why more skilled immigration would be good for American workers, too

In a certain, dreary light, right now seems like a terrible time to rewrite immigration law to invite tens of thousands of new skilled immigrants to move to the United States. Unemployment is still high. The recovery feels painfully slow. At last count, 10.5 million people who already live here and who’ve been looking for work haven’t been able to find it.“I think people are scared,” says Beth Ann Bovino, the U.S. Chief economist for Standard & Poor’s. “There are a lot of misconceptions about what it means when we have immigrant talent come to the U.S. I completely...

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Terra Incognita. La relación México-Estados Unidos

En la Biblioteca del Congreso de Estados Unidos hay un mapa del cartógrafo alemán Martin Waldseemüller, publicado en 1507. El territorio en América que hoy corresponde a México y Estados Unidos está marcado como Terra Incognita (territorio desconocido). Más de 500 años después de la creación de ese mapa, en buena medida seguimos siendo eso: dos desconocidos.Probablemente no exista en el planeta una relación bilateral tan complicada como la de México y Estados Unidos ni tampoco dos países que sean tan importantes el uno para el otro. Nos une una frontera de más de tres mil kilómetros, comerciamos productos...

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El Chapo’s Arrest a Turning Point for U.S.-Mexico Ties — Fusion.

The arrest of Joaquín “El Chapo” Guzmán Loera, the head of the Sinaloa cartel, on Saturday was an event of enormous importance in the Mexican government’s fight against organized crime.Mexican public opinion had long ago decided that this government, and the previous one, were not serious about hunting for Guzmán, preferring the relative stability and lower-violence approach of the Sinaloa cartel to the more militaristic style of other cartels, such as the Zetas.That the government would go after, and successfully capture El Chapo shows that this perception is fundamentally flawed, and that the government of President Enrique Peña Nieto...

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Drug lord ‘El Chapo’ Guzman captured in Mexico | Fox News

U.S. and Mexican authorities captured the world’s most powerful drug lord at a hotel in Mazatlan, Mexico on Saturday after a massive search through the home state of the man whose global organization is the leading supplier of cocaine to the United States.Joaquin “El Chapo” Guzman, 56, looked pudgy, bowed and much like his wanted photos when he arrived in Mexico City from Mazatlan in Sinaloa state. He was marched by masked marines across the airport tarmac to a helicopter waiting to whisk him to jail.via Drug lord ‘El Chapo’ Guzman captured in Mexico | Fox...

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