Money Matters - Simplified


Strong earthquake rocks Western Mexico

A strong earthquake rocked Mexico’s western state of Michoacan Wednesday, the third major tremor in the Latin American country in less than a month.

This Steel Stock Should Be on Your Radar

 Raw materials and metals are one of the very few sectors of the market which have provided relative safety to investors in 2010. As the global economy begins to recover, it pays to keep a close eye on which countries are showing significantly stronger GDP growth than the norm.


Solar panels nearly nixed due to origins

Las Vegas -- The mayor of Las Vegas said he almost halted the dedication of a solar panel carport when he noticed a sample module was assembled in Mexico.

Mayor Oscar Goodman said the Thursday dedication of the solar carport, the first of a planned trio of ports at the Stupak Community Center, was nearly called off when he discovered the sample was assembled in Mexico, the Las Vegas Review-Journal reported Friday.

"When I saw that, I went nuts," he said. "I felt that that was totally unacceptable as far as our sustainability efforts in the United States."
However, Goodman said officials told him the panels themselves were made and assembled domestically.

406-pound tuna looks like record-breaker

San Diego -- A yellowfin tuna weighing more than 400 pounds, caught off Mexico, appears to be the heaviest ever caught with a rod and reel, sport fishing officials said.

The International Game Fish Association has yet to rule on Mike Livingston's catch, The San Diego Union-Tribune reported. The current record-holder, caught in 1977, weighed 388 pounds, 12 ounces.

Livingston, a resident of Sunland, Calif., returned Monday to San Diego after a 10-day trip aboard the sport fishing boat Vagabond. The fish was weighed at Point Loma Sportfishing, which cleared it at 405.2 pounds.

Livingston said he spent 2 hours, 40 minutes playing the giant fish before reeling it in. His previous personal record was 100 pounds.

Bamboo urged as climate-change tool

Cancun, Mexico -- A world meeting at the Cancun, Mexico, climate summit searching for ways to mitigate climate-changing gas emissions should consider bamboo, advocates say.

Bamboo grows quickly, needs little water, absorbs carbon dioxide, protects estuaries and can withstand storms, Coosje Hoogendoorn, head of the Beijing-based International Network for Bamboo and Rattan, told the Tierramerica news service.

There are more than 1,000 species of bamboo in the world, including 36 species in Mexico, but they have gone unstudied and underutilized, Inter Press Service reported.

People scorn the plant and consider it a pest, particularly in areas where coffee, banana, tobacco and cocoa are grown, or where there is extensive cattle production, INBAR experts say.

Southwest Airlines setting new routes

Dallas -- Southwest Airlines said it will add flights to Mexico and Newark, N.J., and expand WiFi services to more aircraft.

Airline officials said passengers could use Southwest's Web site to make connecting flights on Mexico's Volaris airline, which serves the Mexican cities of Cancun, Guadalajara, Morelia, Toluca and Zacatecas, the Houston Chronicle reported Friday.

The service is open to California passengers Nov. 12 and expands to others on Dec. 1.

Southwest also plans to add flights from Newark Liberty International Airport to Chicago Midway and St. Louis in the first quarter of 2011.

Skin color cited in Mexican inequality

Austin, Texas -- A U.S. study says skin color leads to profound social inequality in Mexico despite state-promoted ideology denying the existence of such prejudice.

The study from the University of Texas at Austin found individuals with darker skin tones have less education, have lower status jobs, are more likely to live in poverty, and are less likely to be affluent, a university release said Wednesday.
The study by Andres Villarreal, an associate professor of sociology, was published in the October issue of the American Sociological Review.

Santa Fe's antique clock gets repairs

Santa FE, N.M. -- A New Mexico clocksmith said an 1880s-era clock that broke down about a month ago should soon be back to prime working condition, but the job is complicated.

Clocksmith Chester Johnson said the 45-pound brass inner workings of the Santa Fe's Spitz Clock are back to ticking properly, and he plans to reinstall them in the clock this week, The (Santa Fe) New Mexican reported Wednesday.

Johnson said returning the innards to the Santa Fe Plaza clock is a delicate undertaking.

"It is very awkward," he said. "It is like trying to rig a ship inside of a wastebasket. It is so cramped."

However, Johnson, who said the clock's problem likely arose from being wound too tightly, said he has enjoyed working on the piece during the past month.

Bachelors’ nuptials continue: Jesse Csincsak and Ann Lueders wed in Las Vegas

Jesse Csincsak and Ann Lueders have gotten over their ‘Bachelors’ phase; they are now a married couple.

Beware of Mexico

Mexico's had a tough week. Last Wednesday, Mexican authorities discovered the body of murdered Santiago mayor Edelmiro Cavazos. This Tuesday, the United Nations declared Mexico "the most dangerous country in the Americas for journalists." Finally, just yesterday, Mexican marines reported finding a mass grave of 72 bodies, apparent victims of Mexico's ongoing drug violence.