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Discussion in 'Americas' started by Arte, Feb 1, 2010.
I put green chilis in the pumpkins pies....so good...
+1 TricePilot A very nice story. I am sure the act of giving only served to make your family appreciate and reflect on how fortunate they are and how much of a difference they made yesterday.
I am a lover of Ted Talks. I just recently re watched this talk about giving. Its only 10 minutes but insightful. Here is the link.
I have not seen that, but it would not surprise me. Michoacan is such a mess.
These are good news, my wife promised me she would never return to Mazatlan with me thru the hell road and 5+ hrs... unless a new straight road would be built or by air if I wanted to go earlier....
Mazatlan is my favorite México beach, since is were I used to go from Dgo as hitchiker when I was in highschool.
The secondary Adunana inspection stations at Fronteras, South of Cananea, south of Nogalas and south of Soynota are closed. These points were used to check vehicle docs and collect additional import taxes. The frontier zone along the border charged 11% taxes on purchases while south of there the tax is 16%. The law changed and it is 16% everywhere. I don't yet know what this will mean for vehicle permits. The law still requires them but Sonora has the free zone making it easy to drive into the interior without ever showing a permit. This could get interesting. I'll post what ever info I come up with as I figure it out. This will also affect Crossings in Chihuahua and other border states.
It goes much farther. During the Fox and Calderon PAN administrations it was not permitted by law to run a deficit. Deficit financing was out, hence no massive devaluations. However, Pena Nieto has now returned the country to running a deficit. It isn't a question of if a devaluation will happen, but when it will happen. Within the next 18 months? Maybe. Within the next 36 months, you can bet on it.
The 5% increase in the IVA, to arrive at parity with the rest of the nation, in the northern trade region is just the tip of the iceberg. Pena Nieto is betting that increased tax revenue will support the running of a deficit. However, he is betting on a 3 legged horse. Mexicans hate taxes as much or more than other nationalities do and the underground and informal economy in Mexico is massive.
This is the problem with all PRI governments from the municipal to the state to the federal level, they all think they are the smartest guys in the room and then blame each other when the results are a disaster. Zedillo was the last and most classic example of this.
Fox was no economic genius, and Calderon was lucky to hold things together here throughout the US meltdown, but they both practiced fiscal restraint. Pena Nieto is just another guy who thinks he can spend his way out of a deficit. That might sound familiar to some people, you've heard that somewhere before.
Where is the PAN DULCE party when you need it
Deficit spending seems to be a theme of enlightened western governments these days.
I am getting in on this a little late....sorry I have been too busy traveling and eating more than my share of turkey and pie........
What I was told years ago when I investigated the issue for a group I was working for, that it was an American forced law on Mexico.....it was put in place during the 2nd WW, that way the enemies to the US could not build military bases along the the cost of Mexico.....it also is along the border.....foreigners cannot own land there either.....the US did not want any military bases other than Mexico there...... All the US and other companies own their land and buildings through a bank trust as SR mentioned....
The Reason the Bank Trust Was Created
The Mexican Constitution does not allow foreign ownership in the Prohibited Zone because of the old fear of invasion by sea or by horse. Of course, invasions are not conducted that way today, so the Bank Trust was created as a vehicle to allow this ownership method without changes to the Constitution.
Tourism is the third largest industry for México. This law has been in effect now for 29 years with amendments to make your confidence more secure for your investment in order to continue attracting the tourism dollars.
start here , this is just one of many theories regarding sovereign debt which is not necessarily bad. Undisciplined and self serving politicians are another matter :eek1
Bob, I understand Keynesian economics, it was beaten into my head at York from 79 to 83. Unforgettable experience!
I'm not saying a government can't run a deficit, it worked in Canada to a degree, however, here in Mexico with a "sort of" democracy and without checks and balances the result is a devaluation. 1995 was a perfect example with the added circus of delusional economists and a leader, Zedillo, who actually thought he could change economic theory. When it comes to economics, the PRI are like the people looking for treasure on Oak Island.
They honestly believe that, this time, for sure, they have all the answers.
Anyhow, enough of that, sorry for the thread diversion. It is damn cold here for the tropics and that has somewhat disfigured my usual and normal state of all round "bonhommie". That and standing in a line at Telcel for an hour to give Carlos Slim more pesos.
It will cost you several B&W photo postings
Not a bad idea, depending of course on what is docked.
Including one or more accented characters in a banking or website password is a nifty idea. Just don't use them where expected, as in mañana. Use them randomly or in words that don't normally use accents.
To create accents on a PC, make sure Number Lock is on, and hold down the alt key while entering the appropriate code:
Marlon Brando is docked
Truly, I for one would love to see your camera out and about on el muelle
B&W street scenes from Veracruz, as well
Give it a try?