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Tag Archives: mexico
“Global investors are fleeing Mexico’s financial markets, sending the peso to record lows on mounting concerns that Donald Trump’s trade policy could end the country’s privileged status among developing countries.
The peso on Wednesday tumbled to another all-time low against the dollar as Mr. Trump pledged to change U.S. trade policy with Mexico. “Mexico has taken advantage of the United States,” he said during his press conference. “It’s not going to happen anymore.”
The Mexican currency weakened 0.3%—at 21.8609 from 21.8009 late Tuesday—again frustrating Mexican central-bank efforts to slow the currency’s decline. Bank officials said Tuesday that they spent $2 billion last week to prop up the peso, which has weakened 16% against the dollar since the U.S. election.
The selloff underscores fears that the economic gains Mexico has made over the past two decades could reverse, as the incoming Trump administration takes a confrontational stance that could bring tariffs and border-control measures that once appeared unthinkable.
The North American Free Trade Agreement, which in 1994 created a free-trade zone among Mexico, the U.S. and Canada, cracked open the American consumer market to Mexican businesses in a way no other emerging market has ever enjoyed. Nafta has also brought relative stability to the peso after a series of currency crises, a crucial factor in reassuring foreign buyers of Mexican bonds and other assets.”
I wonder how many trillions of dollars would have remained in our economy without NAFTA?
Maybe the Millennial generation would have enough jobs to move out of the basement and buy a house
Over the weekend news and video surfaced that the former HSV Swift, which had been leased to MSC for 10 years from 2003-2013 and is currently owned by Emirates-based UAE Marine Dredging Company but was chartered by the United Arab Emirates military for coastal transport, was sunk after a missile attack by Houthis rebels. Well, […]
“Facebook’s Mark Zuckerberg criticized the “fearful voices calling for building walls” during his opening remarks at the company’s developer conference Tuesday in San Francisco.
The social media company’s founder and chief executive said the world has become a global community and warned against people and nations trying to isolate themselves — a possible allusion to GOP presidential front-runner Donald Trump, who has heavily pushed a plan to finish building a wall along the Mexican border to limit the influx of immigrants coming to the country illegally.
“We’ve gone from a world of isolated communities to one global community, and we are all better off for it,” Zuckerberg said. “But now, as I look around and I travel around the world, I’m starting to see people and nations turning inward — against this idea of a connected world and community.”
He added: “I hear fearful voices calling for building walls and distancing people they label as others, for blocking free expression, for slowing immigration, reducing trade and, in some cases around the world, even cutting access to the internet.”
Adopting the rhetoric of a politician, Zuckerberg said, “It takes courage to choose hope over fear” and said the company would continue to focus on connecting people”.
God what a candy ass little pansy
“It takes courage to choose hope over fear”
Hasn’t he heard about Paris an Brussels?
What world does he even live in?
General: If Ebola Reaches Central America, ‘There Will Be Mass Migration into the U.S.’
9:23 AM, Oct 8, 2014 • By JERYL BIER
Those looking for good news on the fight against Ebola will not find much encouragement from Marine Corps Gen. John F. Kelly, the commander of the U.S. Southern Command. As Jim Garamone of Department of Defense News reports, Kelly told an audience at the National Defense University in Washington, D.C. on Tuesday that, if the disease reaches Central America, “it’s literally, ‘Katie bar the door,’ and there will be mass migration into the United States.” He also said with certainty that “there is no way we can keep Ebola [contained] in West Africa.”
“By the end of the year, there’s supposed to be 1.4 million people infected with Ebola and 62 percent of them dying, according to the [Centers for Disease Control and Prevention]…”
“So, much like West Africa, it will rage for a period of time,” Kelly said.
This is particularly possible scenario if the disease gets to Haiti or Central America, he said. If the disease gets to countries like Guatemala, Honduras or El Salvador, it will cause a panic and people will flee the region, the general said.
“If it breaks out, it’s literally, ‘Katie bar the door,’ and there will be mass migration into the United States,” Kelly said. “They will run away from Ebola, or if they suspect they are infected, they will try to get to the United States for treatment.”
Kelly said that human trafficking could be an additional wrinkle in the battle to contain the disease. He related a disturbing anecdote from a recent visit to Central America where some men from Liberia were headed to the United States: