Tag Archives: economy

Juarez business booming… Forbes & Global Post

 

Big businesses boom in an unlikely Mexican city

note the repeat of the 60,000 figure…realistic estimates posted on Frontera List, Reforma and LeMonde are in the 100,000-120,000 range; the Mexican government is no longer separating murders into “cartel-related” and other…

Would towns on the US side of the border be envious if jobs paid $500 per month? A $500 per month job (40 hours per week for 4 weeks comes to about $3 per hour… And actually, the Mexican work week is about 48 hours… So, less… Wages earned by workers on assembly lines in Juarez plants are “much less” as noted in the clip. Nowhere in the articles does the reporter ask, nor is any business leader quoted as saying how much less… Well, it is about $50 per week… or $200 per month… or for a 48 hour week about $1.00 per hour. I know for a fact that the workers in Juarez on factory assembly lines cannot afford to eat at the US fast-food chains mentioned elsewhere in the article...

Just who are the “They…” who “are able to keep violence at bay”? No mention of HOW they do it… Most likely they have come to an agreement to pay the extortion asked of them…  Hundreds of small businesses have not been able to pay and their businesses have been burned and many business owners have been killed or run out of the city and/or the country. These deaths are chalked up in the “drug-related” tally… Yet, there is ample testimony that the extortionists in many cases are police and other law enforcement officers…

 

 

Crime ranks as one of world’s ‘top 20 economies: UN… Reuters

It has been a while since I recommended the book GOMORRAH, by Roberto
Saviano. It describes organized crime networks in Italy and across Europe
and is one of the keys (IMO) to understanding what is happening in Mexico
and Central America also.  Highly recommended.

Crime ranks as one of world’s ‘top 20 economies’, UN official says

Crime generates an estimated US$2.1-trillion in global annual proceeds – or 3.6% of the world’s gross domestic product – and the problem may be growing, a senior United Nations official said on Monday.

“It makes the criminal business one of the largest economies in the world, one of the top 20 economies,” said Yury Fedotov, head of the U.N. Office on Drugs and Crime (UNODC), describing it as a threat to security and economic development.

The figure was calculated recently for the first time by the UNODC and World Bank, based on data for 2009, and no comparisons are yet available, Fedotov told a news conference.

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Tiene Juárez ‘economía de zona en estado de guerra’ dice VP del Colegio de Economistas a El Diario

La economía juarense se mantiene devastada y prácticamente en un estado de zona de guerra, advirtieron especialistas.

Según datos oficiales, cada día de los últimos cuatro años, 44 personas han perdido su empleo en esta ciudad. Además se ha cerrado una empresa diaria y cada 24 horas se dejaron de recibir casi 5 millones de pesos en salarios.

Miguel Ángel Calderón Rodríguez, vicepresidente del Colegio de Economistas de Ciudad Juárez, indicó que los efectos económicos que está sufriendo Juárez son los mismos de una zona de guerra, en donde la economía se distorsiona en un grado que es imposible revertir sin la ayuda del Gobierno.

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