Letter to our readers.As 2002 fades to black and posada po·sa·da n. A Christmas festival originating in Latin America that dramatizes the search of Joseph and Mary for lodging. [American Spanish, from Spanish, lodging, from posar, dates bump corporate meetings off our agendas, I suppose now is as good a time as any to take stock regarding this past year, its successes and its failures. Although I spent most of the year in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. prior to replacing the London-bound Matthew Gower as editor of BUSINESS MEXICO, I have been struck by how much Mexico remains the same as I remember it from the days when the PRI PRI: see Institutional Revolutionary party. (Primary Rate Interface) An ISDN service that provides 23 64 Kbps B (Bearer) channels and one 64 Kbps D (Data) channel (23B+D), which is equivalent to the 24 channels of a T1 line. reigned supreme and unchallenged. Yes I know, reader, that the man in Los Pinos Los Pinos is Mexico's official presidential residence, the home – for a six-year period – of the President of Mexico. Located inside the Bosque de Chapultepec (Chapultepec Park) in central Mexico City, it has been in use since 1934 when Gen. wears cowboy boots rather than glasses, but financially speaking, the same fuel--whether it be oil, remittances or tourism--feeds the Mexican engine. The devastation on Wall Street that I saw firsthand has trickled down to Mexico, and the Bolsa may finish the year off as much as 10%. But to judge the state of the nation's economy by flashing figures on an IPC (1) (InterProcess Communication) The exchange of data between one program and another either within the same computer or over a network. It implies a protocol that guarantees a response to a request. board would not be fair. Volatility is a fundamental part of playing the Mexican game, whether it be a jumpy stock market or a roadblock by farmers on the superhighway to Acapulco, and the successful roll with the punches and implacably continue to look for opportunity in the face of adversity. All of us working in Mexico realize this can be the most volatile of markets and the shakiest of terrain upon which to build. But what have we seen? An unrivaled skyscraper financed by Canadian interests rising boldly over Paseo de la Reforma Paseo de la Reforma (a Spanish-language name that roughly translates as "Promenade of the Reform") is a 12 km long grand avenue in Mexico City, Mexico. The name commemorates the liberal reforms of 19th century president Benito Juárez. . One of the hemisphere's wealthiest men, Carlos Slim, investing millions in Mexico City's geographical heart that many have written off as long dead. World leaders gathering on the southern tip of the Baja California coast to chart a shared future A Shared Future – Policy and Strategic Framework for Good Relations in Northern Ireland is a consultation document on Northern Ireland launched by John Spellar on 2005-03-21, then junior minister at the Northern Ireland Office. even as terrorists plot to widen gulfs between cultures. So the sense of promise is here, the sense of hope and faith in the intrinsic strength--some might call it corazon--that makes this country potentially such a great investment to those willing to take a chance. I wish all of our readers good luck in their countless gambles this new year, whether it be investing in a broken-down apartment in the Centro Historico, filling one's portfolio with Mexican blue chips, or simply playing a nice-looking filly underneath weekend twilight at the Hipodromo de las Americas. God bless and happy holidays, Matthew Brayman Editor |
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