The upcoming issue of Time features Mexico’s president, Enrique Pena Nieto, on its cover. That has made the magazine more than a few new enemies. But it’s the accompanying front-page headline that really clinched the Mexicans’ ire: SAVING MEXICO.

Reforms to Mexico's energy sector were signed into law late last year. The legislation proceeded rapidly from President Enrique Peña Nieto's announcement of the reforms in August, to the negotiations among the major political parties during the fall, to voting in both houses of Congress, resulting in a majority of the 31 state legislatures changing the Constitution. For the first time in 75 years private participation will be permitted in Mexico's energy sector, not only in oil and gas, but also in electricity and power generation.

Just over a year ago, as President Enrique Peña Nieto started his administration, the domestic and international press were touting “Mexico’s moment” and the rise of “the Aztec tiger.” Now, the naysayers have returned. Their pessimism stems in part from disappointing economic results: Mexico’s GDP growth has fallen, from nearly four percent in 2012 to around an estimated one percent in 2013.

Townspeople gathered at dusk in the central square of this city of ranches and lemon groves, planning to pick a committee to support and oversee the activities of a recently arrived self-defense group here. The vigilantes gained acceptance when they recently ran off a cartel accused of everything from extracting extortion payments to making people it didn’t like in the community disappear.

An oil industry overhaul approved by Mexico's Congress portends massive changes for the country's iconic national oil industry – and potentially a boost for the economy. The bill, approved overnight, would promote foreign investment and allow private companies to explore and exploit petroleum deposits – tasks previously reserved for Petróleos Mexicanos, or Pemex, as the state oil agency is known. It must be ratified by state assemblies, approval that is expected.

Mexico's senate unveiled an historic energy bill Saturday (Dec 7) that goes further than expected to break the state's monopoly over the oil and gas industry. After months of negotiation between the ruling PRI party and the largest opposition party PAN, a bill was finally brought into the senate over the weekend. The right-wing PAN appears to have come out ahead with a pro-market bill.

This is the busiest time of year for travel along the United States-Mexico border. Many Mexican shoppers head north and unload their wallets at American stores. Americans with family ties in Mexico travel south to visit relatives, sometimes carrying loads of presents. During this year's holiday season the Mexican government is making it easier for southbound traffic to enter the country.

Tens of thousands of people have protested in the centre of Mexico City against President Enrique Pena Nieto's planned overhaul of the energy sector. Opposition leader Andres Lopez Obrador told the crowd to surround the Congress this week. Mr Pena Nieto says the plan to allow private investment in the oil and gas sector is needed to boost the economy. His approval ratings have slumped to their lowest since he took office a year ago.