Nick Corbishley

Global Slowdown, Internal Issues Hit Mexico: GDP Drops for First Time Since 2009

President AMLO put it this way: “There may be no growth but there’s development and well-being, which are different.”More

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Gift Turns into Kafkaesque Ordeal: How My Two WOLF STREET Beer Mugs “Were Disappeared” in Spanish Customs

Many people report similar nightmares trying and failing to get their packages from non-EU countries out of Spanish customs.More

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Australian Construction Giant CIMIC Writes Off Disastrous Arabian Adventure, After Being Bludgeoned over Opaque Debts

Shares plunged 20% on the spot, and are down 44% in nine months.More

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What to Do with Malls? Teetering UK Mall Giant Intu Asks Investors for £1 Billion. Shares Drop to Near-Nothing

Brick & Mortar melts down on mall owners. So “repurpose” malls into housing?More

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US Auto Imports from Mexico Hit Record, but Mexico’s Global Auto Exports Fall for First Time since 2009

GM shifts even more production to Mexico (even as its US sales fall). But Ford’s imports from Mexico plunge. FCA’s, Audi’s, Nissan’s down too.More

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More ECB Bond Holdings Get in Trouble: Infrastructure Giant Atlantia, Infamous for Collapsed Genoa Bridge, Could Lose its Core Business

Amid a slew of problemsMore

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Young People Still Crushed by Housing Bust, Banking & Economic Crisis: Bank of Spain

The contrast with retirees could not be starkerMore

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REITs Pull Back from Housing Market in Spain as Rental Boom Runs Out of Gas

“Many families, scratching a living on badly-paid zero-security jobs, just cannot pay the sort of rents many landlords, especially the big funds, have been asking for.”More

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PayPal, Western Union Named & Shamed for Overcharging the Most on Money Transfers to Mexico

Remittances to Mexico is a $36-billion-a-year businessMore

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US Targets Wage-Repression Model in Mexico, Demands Inspections, Industry Has a Cow

NAFTA 2.0 gets complicated for US & global manufacturers, particularly automakersMore

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