Ratings decline for President Pena Nieto

Pew Research Center – Three years after being elected president, Mexico’s Enrique Peña Nieto is increasingly unpopular. Following a year plagued by scandal and controversy, his ratings have fallen, and Mexicans have grown disappointed with key elements of his ambitious agenda. A new Pew Research Center survey of Mexico finds 44 percent of the public expressing a favorable view of Peña Nieto, down from 51 percent in 2014.


Mexico foreign direct investment races ahead as Brazil sputters

Volkswagen's auto manufacturing plant in Puebla.
Volkswagen’s auto manufacturing plant in Puebla.

By Courtney Fingar / Financial Times

Mexico and Brazil dominate foreign direct investment flows into Latin America, but their FDI prospects could be heading in opposite directions. While Mexico is making hay with China’s declining cost competitiveness in manufacturing, Brazil is slipping behind.

In 2014, Mexico attracted 366 greenfield investment projects totaling an estimated $33 billion and Brazil 322 projects at $18 billion, according to fDi Markets, an FT data service.

Together they mopped up nearly 60 per cent of capital expenditure on new projects or expansions of existing facilities in Latin America and the Caribbean last year.

It is in manufacturing where a potential divide is opening up between the two countries.

Both Mexico and Brazil do far better at attracting IT investment than is often assumed, but while the shift to a services and hi-tech economy is the espoused goal of nearly every developing country — and a worthy goal on the face of it — it is extremely difficult for large countries to develop rapidly without succeeding as a manufacturing destination.


Salon Tenampa marks 90 years amidst mariachis

MariachiAP – Located in Mexico City’s Plaza Garibaldi, the Salon Tenampa has attracted visitors for 90 years from across Mexico and from around the world. To mark this year’s anniversary in November, the restaurant has opened a small bar that overlooks the plaza, a traditional gathering spot for mariachi bands where musicians sometimes play cards or check their cellphones as they wait for potential customers.