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|Cozumel photo by Mik n Drik
|Mexico threatens to ditch US corn imports
BOSTON — The mystery of Tom Brady’s missing Super Bowl jersey led police all the way to Mexico, and authorities were investigating a former …
Where’d that Brady jersey go? Down south to Mexico
He said: ‘Today I was with Suly, my wife (who is a native of Mexico), watching an entertainment show off the coast of Cancun aboard a boat.
The Globe and Mail
His flight was scheduled to leave Calgary with stops in Regina and Winnipeg before continuing to Cancun, Mexico. Gronych was found …
With White House officials saying they’re confident a trade deal can be reached to benefit both Mexico and the U.S., the peso has regained …
CABO SAN LUCAS, Mexico – Mexican authorities say the remains of three people have been found in the Pacific resort city of Cabo San Lucas.
A later humiliating phone call between Trump and Pena Nieto hardened the support of Mexico’s politicians behind their embattled president, …
Mexico has called on its national companies to “examine their conscience” and refuse to tender bids to build Donald Trump’s wall as the US …
US border authority seeks tenders for 30-foot Mexico wall
A group of schoolchildren who won a robotics competition were subjected to a barrage of racist abuse from some rival pupils and their parents …
Emily Ratajkowski takes a naked swim as she holidays in Mexico … The stunning brunette is currently holidaying in Mexico, but that doesn’t …
Mexico is a popular spring break destination because it’s warm, close to the U.S., and inexpensive. But the U.S. State Department has renewed …
Raul Valdez, who has experience in the corner of a world champion, remains committed to nurturing young boxers in Tepito, a historic Mexico City barrio he’s …
After Mexico began to deregulate its energy sector in 2013, Mexssub moved its headquarters to Houston in 2014 and, last year, moved into an …
Mexico midfielder Andres Guardado will miss upcoming World Cup qualifiers against Costa Rica and Trinidad and Tobago, the national …
But Maldonado is not with them in Sonora, Mexico. She sends about $250 home every month from Menifee, California, where she works in real …
CONCACAF World Cup qualifiers are upon on, and with Mexico’s 25-man squad for the games against Costa Rica (March 24, Estadio Azteca) …
A cringe-inducing clip shows the horrific moment a bullfighter is gored in the rear by a furious bull in Mexico City. Matador Antonio Romero was …
The transmission from Ogier’s car was sealed at post-event scrutineering following Rally Mexico and taken for inspection by the FIA in France …
John Ladd has seen just about every incarnation of the border fence separating his cattle ranch in Arizona from Mexico. His family has owned …
US-Mexico security cooperation is at a historic high. Will that change …
|In the gallery of Mexican historical heroes, none loom larger than Benito Juárez. Between 1858-1872 Benito Juarez served five terms as president, which included turbulent times for Mexico.|
March 20 is a National Holiday, with banks, government offices and many businesses closed as Mexico celebrates Benito Juárez, who rose from humble origins to occupy the Presidency of the Republic on several occasions during the turbulent second half of the 19th century. Though Juarez’s birthday is actually March 21, the national holiday is celebrated every year on the third Monday of March (which this year falls on the 20th), to make a three-day weekend out of it.
One of Mexico’s most renowned Presidents, often referred to as “the Lincoln of Mexico,” Juarez is remembered for resisting the French occupation, overthrowing the Empire, and restoring the Republic, as well as for his liberal efforts to modernize the country. He was also the first indigenous man to be elected president of the United States of Mexico.
Born in the small Oaxacan village of San Pablo Guelatao in 1806, his is the classic folk-tale of the underdog who makes good; of an orphaned shepherd-boy who walked the 35 rugged miles to Oaxaca, speaking only Zapotec; of a liberal whose perseverance and unswerving vision won him an education, a career and a place in history as a reformer and statesman of note.Juarez’s life story is fascinating, a real example of determination. Young Benito was orphaned at four, labored as a shepherd, and didn’t even speak Spanish or read and write any language until after moving to Oaxaca City at age 13. There he learned to speak, read and write Spanish, studied law, married, and entered politics.
Upon entering politics in 1834, Juarez served as a city councilman in Oaxaca, judge, a congressman, a senator, the governor of Oaxaca, as well as Mexico’s justice minister and chief justice, until he was finally elected President in 1858.
Between 1858-1872 Benito Juarez served five terms as president, which included turbulent times for Mexico. In fact, he was president during two civil wars.
The first was the bloody “War of the Reform” (1858-1861), between Juarez’ “liberals” and the “conservatives” who occupied Mexico City for most of the war. During this conflict, Juarez himself was captured, barely escaping a firing squad in Guadalajara.
That war was followed shortly after by the “French Intervention” of 1862-1867, in which the Mexican monarchists, the French Foreign Legion, and the Austrian Emperor Maximilian ruled from Mexico City, doggedly opposed by President Benito Juarez, who ran his Republic from the north of the country. After the Republican victory and Juarez’s return to Mexico City, he continued as president (re-elected in 1867 and 1871) until 1872, when he died of a heart attack working at his desk in Mexico City.
The period of his leadership is known in Mexican history as La Reforma del Norte (The Reform of the North), and constituted a liberal political and social revolution with major institutional consequences: the expropriation of church lands, the subordination of army to civilian control, liquidation of peasant communal land holdings, and the separation of church and state in public affairs.
For these accomplishments he is often regarded as one of Mexico’s greatest and most beloved leaders whose influence is still felt today.
A surface reading of the Donald Trump’s impact on the global economy suggests that there is one clear and present loser: Mexico. The new president has hurled so many threats down Mexico way, it’s actually hard to remember all of them. Let’s see, there’s the wall (which he’ll get Mexico to pay for, somehow), and the “big border tax” on Mexican imports, and also the broader border adjustment tax on all imports. There’s NAFTA renegotiation (which, we Canadians like to think, will hurt Mexico more than us) and the crackdown on undocumented immigrants, and the snubs to Mexico’s leadership.
I’m probably missing something, but even that short list adds up to bad news for NAFTA’s third amigo, right? You would think investors must be running for the hills.
And for a time, they did: In the 10 days following Trump’s Nov. 8 victory, the Mexican Bolsa IPC index, or Mexbol, fell off a cliff, plummeting 8.5 per cent and sealing Mexico’s fate as one of the 10 worst-performing markets in the world in 2016. The story since then, however, provides an interesting counter-story to all the bad news for Mexico. In fact, despite all the doom-and-gloom and the threats from the White House, investors in the Mexican market have been doing rather well, thank you.
Since Nov. 18, the Mexbol has gained about 9.5 per cent. Over the past three months, it has risen by more than eight per cent – outperforming the S&P/TSX composite, the S&P 500 and the vaunted Dow Jones industrial average. On Friday, the Mexican market ended a pretty remarkable week in which it gained 3.1 per cent, including a one-per-cent rise on Friday alone. On the same Friday, the iShares MSCI Mexico ETF (NYSE:EWW) – a popular entry point to the Mexican market for outside investors – rose 1.5 per cent, putting the fund’s three-month return near 13 per cent.
More remarkable, perhaps, was that the Mexbol hit (and then surpassed) 48,470 — where it sat at end of day on Nov. 8, 2016, when Hillary Clinton was still widely expected to become the next president of the United States.
So, you might ask yourself, what happened to the Trump effect? Well, this might be in part a case where the disease is part of the cure — namely, the impact on the Mexican peso and the boost it has given to Mexico’s export competitiveness.
Only the Turkish lira has performed worse than the peso since Nov. 8, as currency markets responded to an injection of U.S. trade policy uncertainty. But Trump’s wall — either the physical or the figurative (tariff) one — hasn’t been built yet, and the peso’s fall has only made it more attractive for U.S. companies and consumers to buy Mexican. Last November, Mexico’s total exports were the highest on record for that month. December 2016 exports to the U.S. were 1.5 per cent higher than the year previous; January 2017 exports were up 4.8 per cent over January 2016.
All things being equal, Mexico seems poised to capitalize on the twin benefits of a surging U.S. economy and a weak currency. You could say much the same for Canada: since mid-2014 our currency has been in a long-term slide against the greenback, too. But the peso’s more recent drop has been sharper. In fact, since November, the loonie’s real broad effective exchange rate (adjusted for relative consumer prices) has increased relative to the U.S. dollar, while the peso’s effective exchange rate has declined. On a currency basis, then, Mexico has become more trade competitive in its largest export market, while Canada has fallen behind.
Of course, you might argue, but all things aren’t equal: Mexico still faces huge uncertainty over trade. That’s true. But the first few months of the Trump administration have already demonstrated that “getting things done” is a lot harder to achieve in office than to promise on the campaign trail.
From its reversible immigration ban to its muddled handling of healthcare reform, the new administration is running into roadblock after roadblock on the implementation of some of its key policies. On others, it has been strangely reticent. The Trump “budget blueprint” released last week made no mention of trade (other than to propose eliminating funding of the U.S. Trade and Development Agency, which works to foster exports to emerging economies). It made no mention of the dreaded border adjustment tax or tax reform in general, other than to punt the issue to the full budget proposal later this year. And the wall? The blueprint threw a few billion at it, but didn’t say anything about Mexico paying.
So sure, things might look pretty bad south of the Rio Grande when the Trump administration finally manages to get things done. But Mexico might prove the doubters wrong, at least while dithering and delay remain the rule in Washington — and that could be a very long while.
.What you need to know
You need Mexico car insurance because it’s required and US /Canadian insurance coverage stops at the Mexican border. Every year Mexico implements stricter laws for uninsured motorists, meaning not having it can cost you money due to damage/loss to your vehicle, fines and more
When you drive your car to Mexico, travel with complete peace of mind, by being properly insured. Your U.S. or Canadian insurance policy, however comprehensive, won’t cover you in Mexico, but affordable insurance is available…
Insuring Your Car in Mexico
Although your U.S./Canadian car insurance policy may be comprehensive, and might also extend some limited damage coverage in Mexico, you will still need to purchase policy that is legally valid in Mexico.
U.S. and Canadian auto insurance policies, however comprehensive, hold no legal jurisdiction in Mexico. This means that you must buy separate insurance cover for your car while you’re driving in Mexico if you want to travel with complete peace of mind.
If you are driving your car improperly insured in Mexico and you become involved in an accident it will, at best, cost you a lot of money and, at worst, leave you imprisoned in a Mexican jail house. Presenting a U.S. or Canadian auto insurance policy will be of no use because these documents have no legal or actual force in Mexico, and the companies backing them will not settle any claim arising when you or your car are situated south of the border.
Drivers who are involved in serious accidents in Mexico are usually arrested pending investigation. If you are not properly insured in Mexico and become involved in a serious accident—even if it’s not your fault—these procedures will likely place a great deal of stress and financial burden upon you.
This guide explains how insurance works in Mexico and how to go about buying the additional insurance protection you need to ensure that you, your passengers, and your vehicle are properly insured when driving on Mexican soil and that, in the event of a serious accident, you are properly covered by a legally-valid and adequate insurance policy.
Mexican Auto Insurance
Mexican Law stipulates that only insurance companies which are licensed in Mexico can provide the type of auto insurance coverage that is recognized and accepted by Mexico’s legal system.
A few U.S.-based insurance companies will extend physical damage coverage on cars and RVs while they are situated in Mexico, but they cannot and do not provide Mexican liability insurance. So, although these policies may cover your damage, they will not cover your liability to others in Mexico. This is why a special insurance policy is absolutely necessary to be properly insured in Mexico.
Mexican Insurance Companies
Mexican Law also stipulates that liability insurance must be purchased from a licensed Mexican company, so your auto insurance policy necessarily needs to be issued by one of Mexico’s insurance companies, or through a broker in the U.S./Canada working in conjuction with a Mexican insurance company.
Who’s Insuring You?
Buyers purchasing insurance for their car in Mexico are often times misled by believing that they can rely on the broker, rather than the Mexican Insurance Company, to properly handle any claim that may arise during their stay in Mexico.
The insurance company underwriting your policy is much more important than the Broker that sells you the policy.
As all insurance policies are sold through brokers, it’s important to know which insurance company (or companies) are underwriting the policies being sold to you by the broker. Click here to read more Click here to get your free quotes
|Dog Friendly Hotels in MexicoThis is a partial list of Dog Friendly Hotels that we have found on the web. They are unverified so if you find one that does not accept pets or who has changed its policy, please send us a note. Click here to read the entire list of hotels
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