Category Archives: News

Mexican federal officials receive “millionaire” year-end Christmas bonuses

Most officials will receive bigger end of year bonus payments and rewards next year.
Most officials will receive bigger end of year bonus payments and rewards next year.

Telesur

Christmas is one of the most popular festivities among the Mexican population, not only because the family gathers to spend quality time together but, because by law, every employee gets paid an end-of-year bonus.

This bonus has to be paid before Dec. 20, and cannot be less than the amount earned by the employee in 15 days of work.

However, the happier Mexicans are the ones who work in top positions for the national government, such as the president, legislators and the members of the Supreme Court of Justice.

All of them will receive large bonuses, and, in some cases, their bonus will be 500 percent higher than what any minimum wage worker earns, according to a www.sinmebargo.mx investigation. The minimum wage in Mexico is now $4 per day.

As an example, Peña Nieto will receive a $5,219 Christmas bonus, while the senators will be able to spend a $16,083 Christmas bonus, $3,000 less than congresspeople.

On top of his bonus, Peña Nieto will also receive an extra “reward” of $22,000.

http://www.telesurtv.net/english/news/Mexican-Federal-Officials-Receive-Millionaire-Bonuses-20141218-0040.html

New Report says Mexican President Spent $590 Million on Trips and Expenses

Mexico's President Enrique Pena Nieto, right, and Japanese Prime Minister Shinzo Abe toast each other.
Mexico’s President Enrique Pena Nieto, right, and Japanese Prime Minister Shinzo Abe toast each other.

Telesur

The administration of Mexican President, Enrique Peña Nieto, spent hundreds of millions on trips and expenses during 2013, according to the Federal Institute of Information Access (IFAI).

The organization announced this week that the President and his team, which have been criticized for the high number of external visits made during the two first years at office, expensed $590.48 million on more than 20 trips.

http://www.telesurtv.net/english/news/Mexican-President-Spent-590M-on-Trips-Expenses-Report-20141217-0041.html

Regal Springs secures loan to expand tilapia operations

Undercurrent News – Regal Springs’ Mexican subsidiary, Acuagranjas Dos Lagos, has secured $10 million funding for an expansion to its tilapia operations. The project will help address increasing demand for tilapia in Mexico and in global markets, and help efforts to reduce pressure on wild fish stocks.

http://www.undercurrentnews.com/2014/12/18/regal-springs-mexico-subsidiary-secures-10m-for-expansion/

Vigilantes shootout in Morelia leaves 11 dead

Vigilantes in MoreliaAl Jazeera – A shoot-out between rival vigilantes in Michoacan has left 11 dead. The incident, which occurred on Tuesday, signaled a renewed unrest in an area President Enrique Pena Nieto’s government said had been pacified. The clash pitted two rival vigilante groups against each another in the town of La Ruana.

http://www.aljazeera.com/news/americas/2014/12/mexico-vigilantes-deadly-shoot-out-michoacan-state-2014121774030123616.html