How te Resolve the Crisis in Europe

Potential Solutions for the European Crisis
Howard Davies, former deputy governor of the Bank of England and former director of the London School of Economics, talks about the outlook for a resolution to Europe's sovereign-debt crisis.

GLOBAL ECONOMY

Hope for American Manufacturing—and Maybe Jobs
Some factory work is returning to the U.S., thanks to a narrowing wage gap with low-cost countries and to the rising risks posed by long supply lines.

Gap between rich and poor widens in developed economies
Income inequality in developed nations will become more severe if governments do not act to halt the trend, the OECD said.

High oil prices may threaten growth: BP
The fragile economic recovery could be negatively affected by high oil prices, especially in the United States.


FINANCE AND ACCOUNTING

Five Steps to a More Effective Global Treasury
Demands on the corporate treasurer are changing, and many are struggling to keep up with those adjustments.

SEC Won’t Decide on IFRS for At Least a Few More Months
SEC Chief Accountant James Kroeker said the SEC staff will need at least a few more months to produce a final report that would position the commission to make a determination on IFRS.

Data-protection tips for mobile CPAs
These control procedures can help mitigate the risks associates with mobile devices.


"Continuous effort - not strength or intelligence - is the key to unlocking our potential."
- Winston Churchill



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KEY MEXICO STATISTICS 2011
(Source: Mexico Central Bank)

NOV / OCT / SEP

Exchange Rate: MXN to USD
13.6100 / 13.4645 / 12.9754

Exchange Rate: MXN to EUR
18.3462 / 18.4404 / 18.5353

Exchange Rate: MXN to CAD
13.4167 / 13.2026 / 13.2191

Exchange Rate: MXN to GBP
21.4235 / 21.1450 / 21.4746

Country Risk (basis points)
136 / 175 / 246

Bolsa (IPC BMV)
36,698 / 36,160 / 33,503

Cetes 28d
4.35% / 4.38% / 4.34%

Inflation
3.20% / 3.14% / 3.42%

UDIs
4.650792 / 4.609457 / 4.589563

International Reserves (M USD)
140,025, 140,487 / 136,454


MEXICO AND LATIN AMERICA

Cost to catch one illegal immigrant along the Mexico border: $6,271
President Obama’s decision last year to send 1,200 National Guard troops to the U.S.-Mexico border may have been smart politics, but a growing number of skeptics say the deployment is an expensive and inefficient mission that has made little difference in homeland security.

U.S. Agents Launder Mexican Profits of Drug Cartels
Undercover American narcotics agents have laundered or smuggled millions of dollars in drug proceeds as part of Washington’s expanding role in Mexico’s fight against drug cartels.

Is Latin America’s Financial Sector on a Strong Footing?
While the economic crisis relentlessly ravages Europe and the United States, Latin American countries anxiously wait on the sidelines.

Interested in doing business in Mexico? Then you should watch this.


OTHER TOPICS

Interview with Judith Macgregor, Ambassador of United Kingdom in Mexico
The Ambassador explains to us the status of the current bilateral relation with Mexico, where she sees opportunities for growth and further cooperation, and what London and the U.K. are preparing for next year’s Olympic Games.

100 Books to Read Before You Die
There are a lot of books out there, and each of us has a limited amount of time before we die. Of all the books available, there are certain ones we should read, possibly even must read. Here are 100 of those books.

OFUNAM Y FUNDACION MVS INVITAN
Concierto anual en compañía de Guadalupe Pineda, Fernando de la Mora y la Orquesta FILARMONICA de la UNAM, el jueves 15 de diciembre a las 8:00 pm en la sala Nezahualcóyotl. Todos los ingresos ayudaran a personas con discapacidad auditiva y programas de educación musical.