CAME, a microfinance bank whose financial risks exceeded its capital by 170 times has disappeared, leaving 1.3 million working Mexicans wondering what happened to deposits equivalent to 1.6 billion pesos and a government less than prompt to deal with a bank implosion in Mexico’s notoriously poorly regulated financial sector.
“If this happens for the 40th time, we’ll do it again,” a participant stated, highlighting the persistence of the act in the face of injustice and neglect. The solidarity movement has demanded Mexico break relations with Israel.
Our weekly press roundup of Mexican political stories, including Pan-American Congress against fascism, Train Maya to Guatemala & Belize, Sheinbaum vs Trump, ex-PEMEX corruption, Morena’s national council, women’s care centers, & Great Maya Forest protection.
Every day, President Claudia Sheinbaum gives a morning presidential press conference and Mexico Solidarity Media posts English language summaries, translated by Mexico Solidarity’s Pedro Gellert Frank. Previous press conference summaries are available here.
President Sheinbaum finds herself at the center of a diplomatic dispute: while she has defended Mexico’s sovereignty with her stance of “coordination yes, subordination no,” the facts suggest this line is constantly blurring.
The Mexican President’s daring move to place the oil industry under public control in 1938 was based on the precepts of Mexico’s Revolution and was a critical expression of Mexican sovereignty.
Citlalli Hernández stated that a Mexican government initiative will diagnose how much money should be distributed in Mexico each year for unpaid domestic work.
Areas of concern included extending national councilor terms for two years, unelected National Executive Committees, INFP head being in office 7 years, & interference in internal democratic functioning from the party center.
The director of Mexico’s public energy enterprise identified energy justice, the prohibition of profit-making, planning and expanding internet services as key elements advancing the re-socialization of the utility.
US President Donald Trump made the remarks during a press conference in the Oval Office on Thursday.