Save Mexico $$$$

1BAJA03

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On Yahoo today fyi.


Five Countries in Deep Trouble

Mexico. Thousands of would-be tourists from America and elsewhere had to cancel spring break trips to Mexico due to ongoing violence related to the drug trade. Mexico was the second country recently identified by the U.S. Joint Forces Command as possibly poised for a "rapid and sudden" collapse. Mexico's "politicians, police, and judicial infrastructure are all under sustained assault and pressure by criminal gangs and drug cartels," says the report.

The violence and tourism decline could not come at a worse time. Economists predict a 3.3 percent contraction of the Mexican economy this year. The poor economic growth means that the government is getting strapped for funds. In April, it asked the International Monetary Fund for a $47 billion loan. While credit-rating agencies don't expect Mexico's debt to grow riskier soon, and the risk of its sovereign derivatives has not skyrocketed like some other countries on this list, serious problems still remain for the Mexican economy. The country depends on the United States to consume its exports and pay Mexican immigrants who send money back home. If the U.S. recession deepens, Mexicans will feel the pain as much as Americans.
 

PLS

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There was just a story in the SD paper about another sector getting hit hard by the lack of tourists. The little Oaxacan ladies that sell the handcrafted bracelets and things on the sidewalks. For people who on a good day might make $20-$25, many can't even make enough to cover the bus fare from their homes to the tourist zones.
 

DOG ON

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If we only had a nickel for every BS story covered in your media, we would not have a crisis......

Pure Yellowish BS ala "Americana"
 
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