Latest news with #Mexico City
New York Times
4 days ago
- Politics
- New York Times
Removal of Castro and Guevara Statues Ignites Outcry in Mexico City
When Fidel Castro first met Che Guevara in Mexico City in 1955, they began planning a guerrilla war that would sweep Cuba and change the course of Latin American history. Mr. Castro became Cuba's Communist leader, defying the United States for decades. Mr. Guevara, an Argentine, became a legend to his supporters and enemies alike, even after he was executed in Bolivia in 1967. In 2017, Mexicans commemorated their meeting with statues, linking Mexico to a pivotal moment in the Cold War. But the statues were removed last week by a local Mexico City mayor, setting off a political firestorm that has drawn in the country's president and reignited a debate about how to recognize a divisive history. The local mayor, Alessandra Rojo de la Vega, said the statues were improperly installed and that the men should not be honored, calling them 'murderers' who 'continue representing a lot of pain.' She pointed to people who were silenced, jailed and killed under Mr. Castro's nearly half-a-century reign, and to how Cuba still struggles with food and electricity shortages. 'I understand that there are people who see Fidel and Che as their revolutionary figures, but governing isn't about choosing which victims to show solidarity to,' Ms. Rojo de la Vega said in an interview. Want all of The Times? Subscribe.
Yahoo
5 days ago
- Business
- Yahoo
This attorney left the US for Mexico when his pandemic-era side hustle exploded — now he rakes in more than $350K/year
When COVID-19 brought Derrick Morgan Jr.'s legal career to a standstill, he looked for a way to make money from home — and found one that changed his life. Today, Morgan works full-time as a trademark attorney offering services directly to clients through online platforms. He lives primarily in Mexico City, pays himself $350,000 a year and has traveled to more than 60 countries, all while setting himself up for early retirement. 'My goal isn't necessarily to just be rich,' Morgan told CNBC Make It. 'My goal is just to have options.' Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how Turning trademarks into a thriving business In 2020, Morgan was working on a contingency basis at an Indianapolis law firm. But when the courts shut down during the pandemic, so did his income. That's when a cousin asked for help registering a trademark. Though Morgan had studied intellectual property in law school, he hadn't practiced it in his day job. Still, the work came naturally and sparked an idea. He began offering trademark services on Fiverr, a freelance marketplace. His straightforward communication and customer-friendly style helped him stand out. Within a few months, his side hustle became a full-fledged business. Today, Morgan offers everything from trademark searches and filings to brand enforcement, charging between $600 and $800 per client. With the help of a paralegal and an AI assistant, he's scaled down from 90-hour workweeks to about 45 to 50 hours. Since trademark law is federal law, Morgan says he can work from anywhere as long as he has a U.S. license with a state bar. This allows him to pursue his passion for travel. He's visited more than 60 countries so far, and splits his non-travel time between Dallas and Mexico City, where he lives for nine months each year. The other three months? 'Wherever the wind takes me,' he told CNBC Make It. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it How he manages and invests his money Morgan expects to earn about $500,000 this year and pays pay himself $350,000. He supplements that with $440 in monthly rental income from a Chicago condo. He spends about $2,000 on rent, and about $1,085 per month on dining out, mostly at his favorite taco spots. He doesn't own a car; instead, he relies on Uber, paying about $170 a month. He doesn't carry a balance on his credit cards and his only debt is $42,000 in student loans. Inspired by the FIRE movement (financial independence, retire early), Morgan hopes to retire in his 40s and sets aside at least 40% of his income each month. His investment strategy includes: Tax advantaged accounts: Solo 401(k), SEP IRA and HSA Taxable brokerage account: Allows early access to funds before age 59.5 Real estate: Including a stake in a boutique hotel development in Mexico 'I invest in real estate because I don't want all my wealth tied to the stock market,' he said. Morgan's hard work has paid off as he earns substantially more than the 2024 median pay of $151,160 per year for a U.S. lawyer. He's also setting himself up for a comfortable life moving forward by prioritizing his savings and diversifying his investments in tax-advantaged and taxable accounts. Want to follow in his footsteps? Here's how to start Morgan's story is inspiring, but replicating it starts with identifying your own skills and building a business around them. Then, you can layer in smart money moves to create long-term financial stability. How to turn your skills into a successful solo business: List out what you're good at: Include formal training, hobbies and tasks people come to you for help with. Look for overlap with market needs: Search freelance platforms or social media to see what services are in demand. Start small and test your offer: Platforms like Fiverr, Upwork or social media are great for validating your niche. Refine your process: Streamline your workflow, get help (like Morgan's paralegal or AI assistant) and raise your rates as demand grows. Build flexibility into your business: Choose a service or model you can do from anywhere. Smart investing tips for freelancers and solo entrepreneurs: Open a solo 401(k): Contribute as both employer and employee to maximize retirement savings. In 2025, solo 401(k) contributions can total up to $70,000 — or more with catch-up contributions, which raise the limit to $77,500 or $81,250 depending on your age. Consider a SEP IRA: Easy to set up, with high annual contribution limits. They allow employer contributions of up to 25% of your income or $75,000 in 2025. Just be sure your combined SEP and solo 401(k) contributions stay within IRS limits. Diversify beyond stocks: Like Morgan, consider real estate or alternative investments if they align with your goals. Morgan's success came from leaning into what he already knew and using discipline and smart planning to scale it into something life-changing. After years of 90-hour workweeks and committed saving, he's now built a life of freedom and a future of financial security. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Accredited investors can now buy into this $22 trillion asset class once reserved for elites – and become the landlord of Walmart, Whole Foods or Kroger without lifting a finger. Here's how Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
5 days ago
- Business
- Yahoo
This attorney left the US for Mexico when his pandemic-era side hustle exploded — now he rakes in more than $350K/year
When COVID-19 brought Derrick Morgan Jr.'s legal career to a standstill, he looked for a way to make money from home — and found one that changed his life. Today, Morgan works full-time as a trademark attorney offering services directly to clients through online platforms. He lives primarily in Mexico City, pays himself $350,000 a year and has traveled to more than 60 countries, all while setting himself up for early retirement. 'My goal isn't necessarily to just be rich,' Morgan told CNBC Make It. 'My goal is just to have options.' Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how Turning trademarks into a thriving business In 2020, Morgan was working on a contingency basis at an Indianapolis law firm. But when the courts shut down during the pandemic, so did his income. That's when a cousin asked for help registering a trademark. Though Morgan had studied intellectual property in law school, he hadn't practiced it in his day job. Still, the work came naturally and sparked an idea. He began offering trademark services on Fiverr, a freelance marketplace. His straightforward communication and customer-friendly style helped him stand out. Within a few months, his side hustle became a full-fledged business. Today, Morgan offers everything from trademark searches and filings to brand enforcement, charging between $600 and $800 per client. With the help of a paralegal and an AI assistant, he's scaled down from 90-hour workweeks to about 45 to 50 hours. Since trademark law is federal law, Morgan says he can work from anywhere as long as he has a U.S. license with a state bar. This allows him to pursue his passion for travel. He's visited more than 60 countries so far, and splits his non-travel time between Dallas and Mexico City, where he lives for nine months each year. The other three months? 'Wherever the wind takes me,' he told CNBC Make It. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it How he manages and invests his money Morgan expects to earn about $500,000 this year and pays pay himself $350,000. He supplements that with $440 in monthly rental income from a Chicago condo. He spends about $2,000 on rent, and about $1,085 per month on dining out, mostly at his favorite taco spots. He doesn't own a car; instead, he relies on Uber, paying about $170 a month. He doesn't carry a balance on his credit cards and his only debt is $42,000 in student loans. Inspired by the FIRE movement (financial independence, retire early), Morgan hopes to retire in his 40s and sets aside at least 40% of his income each month. His investment strategy includes: Tax advantaged accounts: Solo 401(k), SEP IRA and HSA Taxable brokerage account: Allows early access to funds before age 59.5 Real estate: Including a stake in a boutique hotel development in Mexico 'I invest in real estate because I don't want all my wealth tied to the stock market,' he said. Morgan's hard work has paid off as he earns substantially more than the 2024 median pay of $151,160 per year for a U.S. lawyer. He's also setting himself up for a comfortable life moving forward by prioritizing his savings and diversifying his investments in tax-advantaged and taxable accounts. Want to follow in his footsteps? Here's how to start Morgan's story is inspiring, but replicating it starts with identifying your own skills and building a business around them. Then, you can layer in smart money moves to create long-term financial stability. How to turn your skills into a successful solo business: List out what you're good at: Include formal training, hobbies and tasks people come to you for help with. Look for overlap with market needs: Search freelance platforms or social media to see what services are in demand. Start small and test your offer: Platforms like Fiverr, Upwork or social media are great for validating your niche. Refine your process: Streamline your workflow, get help (like Morgan's paralegal or AI assistant) and raise your rates as demand grows. Build flexibility into your business: Choose a service or model you can do from anywhere. Smart investing tips for freelancers and solo entrepreneurs: Open a solo 401(k): Contribute as both employer and employee to maximize retirement savings. In 2025, solo 401(k) contributions can total up to $70,000 — or more with catch-up contributions, which raise the limit to $77,500 or $81,250 depending on your age. Consider a SEP IRA: Easy to set up, with high annual contribution limits. They allow employer contributions of up to 25% of your income or $75,000 in 2025. Just be sure your combined SEP and solo 401(k) contributions stay within IRS limits. Diversify beyond stocks: Like Morgan, consider real estate or alternative investments if they align with your goals. Morgan's success came from leaning into what he already knew and using discipline and smart planning to scale it into something life-changing. After years of 90-hour workweeks and committed saving, he's now built a life of freedom and a future of financial security. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Accredited investors can now buy into this $22 trillion asset class once reserved for elites – and become the landlord of Walmart, Whole Foods or Kroger without lifting a finger. Here's how Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
CNA
7 days ago
- Sport
- CNA
Mexican Federation fines Chicharito following sexist remarks
MEXICO CITY :The Mexican Football Federation (FMF) has fined Javier "Chicharito" Hernandez and launched an investigation after the former Manchester United striker posted social media videos that football authorities said "promote sexist stereotypes". In a joint statement released on Wednesday by FMF along with Mexico's top men's and women's leagues - Liga MX and Liga MX Femenil - officials said Hernandez's remarks were in violation of their gender and diversity policies and constituted a form of media violence. A representative for the Chivas Guadalajara player did not immediately respond to a Reuters request for comment. FMF has imposed a financial fine and issued a warning, and more severe sanctions could follow if Hernandez repeats such behaviour. "A few days ago on the social media platform 'TikTok', Hernandez made statements that promote sexist stereotypes that are considered media violence and go against gender equality in sport," the football bodies said in the statement. "The Gender and Diversity Commission announces that it has initiated an investigation that seeks to prevent and punish this behaviour, determining to impose a financial penalty and a warning on Javier 'El Chicharito' Hernandez, stating that this Commission will take more severe measures in the event of a repeat offence." Hernandez, 37, posted videos over the weekend in which he called on women to "let themselves be guided by a man" and accused women of "eradicating masculinity". The high-profile athlete also said society had become "hypersensitive" and questioned feminist views on domestic roles. The remarks were widely criticised as sexist and out of touch with contemporary society, prompting condemnation from fans and public figures including President Claudia Sheinbaum. "He's a very good footballer, but in terms of his opinion about women, I think he still has a lot to learn, because women can be whatever we want to be," Sheinbaum said in her daily news conference on Wednesday. Hernandez, Mexico's all-time leading scorer, rejoined boyhood club Chivas in January 2024 after playing for LA Galaxy and several top European teams, including Manchester United, West Ham United, Real Madrid and Sevilla. Chivas also condemned his remarks. "The club has taken the appropriate measures in accordance with its internal regulations," the Liga MX side said. "As an institution with a deep sense of social responsibility, we firmly reject any behaviour, stance or expression that reinforces stereotypes that limit the freedom, respect and full development of all people."
Reuters
7 days ago
- Business
- Reuters
Mexican broadcaster Televisa cuts 2025 investment budget, shares rise
MEXICO CITY, July 23 (Reuters) - Mexico's largest broadcaster, Grupo Televisa, reduced 2025 capital spending on Wednesday, lowering it to $600 million from $665 million. Televisa's Co-Chief Executive Alfonso de Angoitia said on a call with analysts that negotiations with suppliers had resulted in more favorable terms for the company. "While we expect CAPEX deployment to accelerate during the second half of the year, we are cutting our CAPEX budget," Angoitia said. Following the call, shares in the world's biggest producer of Spanish-language content were up 3.3%, paring earlier gains of as much as 7.6%. Televisa's ( opens new tab stock has surged over 30% year-to-date, with Wednesday's gain alone adding 820.4 million pesos ($44.18 million) to the company's market capitalization. On Tuesday, the broadcaster reported net profit of 474.5 million pesos for the second quarter, rebounding from a 25.6-million peso loss one year ago. The quarterly profit was largely supported by lower costs, despite a fall in subscriptions, particularly for Televisa's satellite-TV unit, SKY. "Through 2025, we expect the broadcaster to maintain constant challenges in both the cable and Sky segments, but with a less adverse scenario in terms of inflation and comparable bases," analysts at brokerage Monex said. SKY had about 350,000 disconnections and a 16.3% dip in revenue during the second quarter, while the cable segment registered a revenue drop of 2.5% year-over-year. The company's revenue totaled 14.73 billion pesos, a 6% decrease from the same period last year. However, Angoitia added that revenue remained unchanged when excluding the impact of the Mexican peso's depreciation. The peso weakened 2.6% from the end of June last year to the end of June this year. ($1 = 18.5705 Mexican pesos)
