mexico

Mexican President Enrique Peña Nieto announced on Monday one of the most "sweeping economic overhauls" in Mexico's history with his proposal to open the country's closed energy industry to foreign investment for the first time in 75 years. For Mexico's northern neighbor, the question is how do these reforms affect the average American consumer, the North American energy sector, and the overall U.S. economy? According to energy and economic analysts, the answer is simple: A lot.

On August 12, more than eight months after the Mexican government launched a far-reaching reform agreement, President Enrique Peña Nieto presented what is arguably the most highly anticipated and polemical areas of that package: energy reform. The president outlined 10 areas of change for state oil firm Pemex and the Federal Electricity Commission (CFE). But perhaps most notable is the president’s proposal to change language in Article 27 of the Constitution and allow private firms to gain access to profit-sharing (but not production-sharing) energy contracts

Pena Nieto and his Institutional Revolutionary Party, or PRI, want to let foreign companies such as Exxon Mobil Corp., Chevron Corp. and Repsol SA sign production-sharing contracts for oil exploration and output. (The companies would still be prohibited from operating their own fields.) Thus would Mexico return to the situation that prevailed from 1938, when the country expropriated oilfields from U.S.

The neighboring border states of New Mexico and Chihuahua are working together to build a binational community unlike any other in the Southwest. The plan is centered around an industrial complex arising outside the town of Santa Teresa in Southern New Mexico. In a joint appearance at the Santa Teresa airport Friday, Chihuahua Governor Cesar Duarte and New Mexico Governor Susana Martinez announced their plans for the binational community.

It was only a matter of time. In the span of a decade, Korean pop music has gone from relative obscurity to sweep the entire Asian continent. Now, with a little help from Psy, K-pop has cast its eye on the potentially lucrative markets in the Americas and Europe. First came the United States, then Mexico. MBLAQ, a popular Korean boy band, arrived in Mexico this week for their first concert in Central and South America.

Mexican President Enrique Pena Nieto has presided over an incredible year so far in Mexico, pushing through reforms of the telecom and educational sector. But this week, just days after Pena Nieto’s successful thyroid surgery, the president and his PRI party are set to introduce their biggest proposal yet — proposing sweeping changes to the nation’s oil laws that have for decades protected the bloated state oil monopoly Pemex and prevented foreign investment.

The Pacific Alliance is a new initiative among four Latin American nations with the potential to reinvigorate the regional trade agenda in an exciting way. Having grown weary of waiting for meaningful hemispheric trade expansion in the wake of the collapse of the Free Trade Area of the Americas (FTAA) a decade ago, Chile, Colombia, Mexico, and Peru agreed to link their economies more closely through trade, finance, and labor market integration. Others, including Costa Rica, are on deck to join.

On one side, an eagle reaches its claws out toward a big red apple. On the other side, a creature wearing multiple masks moves toward the apple. These are images in a mural meant to depict the struggles of people of different backgrounds to make it to New York City. The mural is coming to life on a wall in East Williamsburg, Brooklyn, that runs much of the length of a road that hardly counts as a road. Area street artists know the wall, stretching about 200 feet on Vandervoort Place, as a prized space to show off their talents.

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