Latest news with #NationalInstituteofStatisticsandGeography
Winnipeg Free Press
3 days ago
- Business
- Winnipeg Free Press
More than 8.3 million people pulled out of poverty in Mexico between 2022 and 2024
MEXICO CITY (AP) — More than 8.3 million people in Mexico were pulled out of poverty between 2022 and 2024, according to a report released by Mexico's statistics agency on Wednesday. It marks a nearly 18% drop in people living in poverty in a country that has long struggled with high levels of economic precarity and unemployment. The number of people living in extreme poverty dropped 23% while those in moderate poverty dropped more than 16%, according to the report by Mexico's National Institute of Statistics and Geography (INEGI). Today, one in three Mexicans still live in poverty. 'This is a photograph' of the country, said Claudia Maldonado, a researcher at INEGI. While INEGI took over research of poverty rates from a previous government entity, official and independent researchers say the data is comparable. Manuel Martínez Espinoza, a researcher at Mexico's National Council of the Humanities, Sciences and Technologies, said the dip can be largely be attributed to two policies championed by former Mexican President Andrés Manuel López Obrador. The Mexican populist, who remained highly popular even after he left office last year, built his political movement on heavy support from poorer and rural-dwelling Mexicans with the promise that he would put the poor first and more equally distribute wealth in the Latin American nation. Martínez Espinoza said that while the decrease in poverty is likely due to a range of factors in an economy as diverse as Mexico's, López Obrador raising Mexico's minimum wage and instituting a roster of social welfare programs appears to have paid off. Access to social security, food security and dignified living conditions have all gone up, according to the INEGI report, though gains in other things like access to health services didn't catch up to major losses felt in years past. Between 2018, the year López Obrador took office, and 2025, Mexico's minimum wage tripled, jumping from 88.40 pesos ($4.75) to 278.80 pesos ($15) a day. At the same time, López Obrador's government scrapped a host of existing social programs and installed their own, quickly increasing overall social spending to unprecedented heights for senior citizens, unemployed youth, students, farmers and people with disabilities. The programs have also been criticized as the reforms dramatically shifted who was getting that money, as universal pension benefits also put money in the pockets of Mexico's wealthiest who didn't really need the cash injection. Martínez Espinoza noted that the cash transfers may not be a long-term solution to tackle poverty in Mexico, as poverty could jump once again if such programs end. 'If people stop receiving (the transfers), they could fall back into poverty because there wasn't enough investment in things other than addressing people's most immediate needs,' he said.
Toronto Star
3 days ago
- Business
- Toronto Star
More than 8.3 million people pulled out of poverty in Mexico between 2022 and 2024
MEXICO CITY (AP) — More than 8.3 million people in Mexico were pulled out of poverty between 2022 and 2024, according to a report released by Mexico's statistics agency on Wednesday. It marks a nearly 18% drop in people living in poverty in a country that has long struggled with high levels of economic precarity and unemployment. The number of people living in extreme poverty dropped 23% while those in moderate poverty dropped more than 16%, according to the report by Mexico's National Institute of Statistics and Geography (INEGI). Today, one in three Mexicans still live in poverty.
Washington Post
3 days ago
- Business
- Washington Post
More than 8.3 million people pulled out of poverty in Mexico between 2022 and 2024
MEXICO CITY — More than 8.3 million people in Mexico were pulled out of poverty between 2022 and 2024, according to a report released by Mexico's statistics agency on Wednesday. It marks a nearly 18% drop in people living in poverty in a country that has long struggled with high levels of economic precarity and unemployment. The number of people living in extreme poverty dropped 23% while those in moderate poverty dropped more than 16%, according to the report by Mexico's National Institute of Statistics and Geography (INEGI). Today, one in three Mexicans still live in poverty.
Daily Mirror
31-05-2025
- Daily Mirror
Dark past of abandoned town ‘like Chernobyl' with 70,000 homes frozen in time
The housing estate of Tlajomulco de Zúñiga has become a no-go area, with gang violence a regular feature of an abandoned project that is now crumbling into the ground A big 'no entry' sign hangs ominously above the entrance to an abandoned town known as the ' Mexican Chernobyl '. Unlike the Ukrainian town, which was evacuated following the nuclear meltdown of 1986, the housing estate of Tlajomulco de Zúñiga is not empty of almost all human life as a consequence of a futuristic energy solution gone wrong. The housing complex was built with the people of the Guadalajara district in mind, designed to provide safe, spacious homes for families there. According to data from the National Institute of Statistics and Geography, there are 70,000 homes in Tlajomulco. Just 12 years after they were built, all of them are empty. It takes a brave soul to visit the abandoned town. The unfinished buildings tower ominously over the empty streets. Many have no windows and have been battered by the elements. Plants have broken through the cracks in the brickwork, upon which graffiti has been slapped. Inside some, there are hundreds of scratches on the wall. In others, food and clothing have been scattered on the floor. The properties are occasionally frequented by homeless people looking for shelter for the night, although they have a long 20-mile journey from the bustling centre of Guadalajara over swaying fields of grass that seem to hold in the silence of the eerie settlement. The area is under the control of the Jalisco New Generation Cartel (CJNG), reports Info Bae, meaning the YouTubers, media outlets and tourists who venture to the housing complex for a poke around do so at no small risk to themselves. In the last six years, the area has become a go-to place for those looking to get rid of a body. Officials found 54 bodies in clandestine graves in the area in December 2019, and a further 110 in July 2020, reports La Jornada. Next to the unfinished buildings are apartment blocks that stand over them, both a legacy of the construction company that went bust in 2014. The Mexican Army set up one of its bases in one of these apartment towers. Mexico has a huge number of abandoned homes, with some estimates putting the total nationwide into the millions. As in the case of Tlajomulco de Zúñiga, housing estates are built on the outskirts of urban centres specifically for working people and their families. During periods of wage stagnation and inflation, many have defaulted on unfavourable mortgages. At the same time, construction firms, including the one responsible for Tlajomulco de Zúñiga, have struggled to complete ambitious jobs. Some of the homes in Tlajomulco de Zúñiga are finished and ready for habitation, while other sections consist of half-built shells. Some families still live in the housing complex, but it is a far cry from the brief period when a majority of the buildings were occupied. The remaining few live under a cloud of fear. "Those who stayed are living under a self-imposed curfew. At 6pm no one leaves their homes, and outside, only the wind and criminals roam the streets," La Jornada adds. Guillermina Sánchez is one of the limited number still living in estate, along with her husband. She adheres to the 6pm curfew after her partner was badly beaten while leaving their home, NMas reports. "It gets really ugly out there," she said.
Yahoo
21-05-2025
- Business
- Yahoo
Crypto Daybook Americas: Bitcoin Eyes New High as MetaPlanet Mania Builds
By James Van Straten (All times ET unless indicated otherwise) Bitcoin (BTC) bulls still seem to be in control. The largest cryptocurrency posted a record-high daily close on Tuesday, at $106,830, as it extends its strong upward momentum with minimal pullbacks, putting the previous all-time high of just over $109,000 from Jan. 20 well within reach. This price action has significantly boosted bitcoin-leveraged equities, with Japan's MetaPlanet (3350) standing out—its stock has surged 160% in 2025 alone. Strategy (MSTR), the poster boy for bitcoin buying, has added 44%. MetaPlanet has repeatedly hit Japan's daily limit-up threshold within minutes of market open, effectively freezing upward trading for the day and fueling what resembles a slow-motion short squeeze. Speculation around MetaPlanet's aggressive bitcoin accumulation, as indicated by metrics like Days to Cover mNAV, is driving investor frenzy. Still, CEO Simon Gerovich recently posted on X that MetaPlanet is now the most shorted stock in Japan, with 25% of outstanding shares held short. Meanwhile, macroeconomic conditions add to the complexity. Japanese bond yields are spiking, with the 30-year yield climbing above 3.1% and the 10-year surpassing 1.5% — the highest since 2008. In the U.K., inflation unexpectedly climbed to a 15-month high, pushing the 10-year gilt yield toward the critical 5% level. With bitcoin nearing new highs amid rising global yields and persistent inflationary pressures, markets are entering a phase of heightened volatility that demands keen attention. Stay alert! Crypto May 22: Bitcoin Pizza Day. May 22: Top 220 TRUMP token holders will attend a gala dinner hosted by President Trump at the Trump National Golf Club in Washington. May 30: The second round of FTX repayments starts. Macro Day 2 of 3: Canadian Finance Minister François-Philippe Champagne and Bank of Canada Governor Tiff Macklem will co-host the three-day meeting of G7 finance ministers and central bank governors in Banff, Alberta. May 21, 8 a.m.: Mexico's National Institute of Statistics and Geography releases retail sales data. Retail Sales MoM Est. 0.1% vs. Prev. 0.2% Retail Sales YoY Est. 2.2% vs. Prev. -1.1% May 22, 8 a.m.: Mexico's National Institute of Statistics and Geography releases (final) Q1 GDP growth data. GDP Growth Rate QoQ Est. 0.2% vs. Prev. -0.6% GDP Growth Rate YoY Est. 0.8% vs. Prev. 0.5% May 22, 8:30 a.m.: Statistics Canada releases April producer price inflation data. PPI MoM Est. -0.5% vs. Prev. 0.5%. PPI YoY Prev. 4.7%. May 22, 8:30 a.m.: The U.S. Department of Labor releases unemployment insurance data for the week ended May 17. Initial Jobless Claims Est. 230K vs. Prev. 229K Earnings (Estimates based on FactSet data) May 28: NVIDIA (NVDA), post-market, $0.88 Governance votes & calls Arbitrum DAO is voting on launching 'The Watchdog,' a 400,000-ARB bounty program to reward community sleuths for uncovering misuse of the hundreds of millions in grants, incentives and service budgets the DAO has deployed. Voting ends May 23. Arbitrum DAO is voting on a constitutional AIP to upgrade Arbitrum One and Arbitrum Nova to ArbOS 40, 'Callisto.' bringing them in line with Ethereum's May 7 Pectra upgrade. The proposal schedules activation for June 17, and voting ends May 29. May 21, 11 a.m: Maple to host an X spaces session to 'unveil the next chapter of Maple.' May 22: Official Trump to announce its 'next Era' at the day of the dinner for the largest token holders. June 10: to host an analyst call followed by a Q&A session. Unlocks May 31: Optimism (OP) to unlock 1.89% of its circulating supply worth $22.58 million. June 1: Sui (SUI) to unlock 1.32% of its circulating supply worth $169.38 million. June 1: ZetaChain (ZETA) to unlock 5.34% of its circulating supply worth $11.33 million. June 12: Ethena (ENA) to unlock 0.7% of its circulating supply worth $15.36 million. June 12: Aptos (APT) to unlock 1.79% of its circulating supply worth $57.91 million. Token Launches May 21: Mantra (OM) to be listed on Upbeat and the app. June 1: Staking rewards for staking ERC-20 OM on MANTRA Finance end. June 16: Advised deadline to unstake stMATIC as part of Lido on Polygon's sunsetting process ends. Day 3 of 7: Dutch Blockchain Week (Amsterdam) Day 2 of 3: Avalanche Summit London Day 2 of 3: Seamless Middle East Fintech 2025 (Dubai) Day 1 of 2: Crypto Expo Dubai Day 1 of 2: Cryptoverse Conference (Warsaw) May 27-29: Bitcoin 2025 (Las Vegas) May 27-30: Web Summit Vancouver May 29: Stablecon (New York) May 29-30: Litecoin Summit 2025 (Las Vegas) May 29-June 1: Balkans Crypto 2025 (Tirana, Albania) June 2-7: SXSW London By Shaurya Malwa and Oliver Knight Hailey Welch, aka 'Hawk Tuah Girl,' is distancing herself from the failed HAWK memecoin she promoted in December 2024, despite initially calling it a compliant, fan-focused project. On her Talk Tuah podcast, Welch said she was questioned by the FBI, gave her phone to the SEC, and was 'cleared' of wrongdoing, claiming she was an unwitting participant. Welch now says she didn't understand crypto and felt 'sick' that fans trusted her, contrasting her November 2024 enthusiasm, when she claimed to have 'learned so much' about the token. HAWK, launched on Solana, reached a $491 million market cap before crashing below $100 million within hours. It's now at $104,000, down 99% from its peak. Welch claimed user losses were $180,000, much lower than the estimated $1.2 million. Her figure excludes 10,149 token holders who never sold, per Solscan. Commentators criticized Welch for endorsing a project she didn't understand, with YouTube comments highlighting her lack of accountability. Welch's team previously stated the project was legally compliant with a Cayman foundation and that her tokens would vest over three years. BTC CME futures open interest continues to rise, topping $17 billion for the first time since February. Meanwhile, growth in ETH open interest has stalled above $2 billion. However, the premium in ETH futures is slightly higher than BTC's. On offshore exchanges, perpetual funding rates continue to flash bullish with sub-10% readings. BCH, TON perpetual funding rates remain negative, suggesting a bias for shorts and potential for a short squeeze should the market move higher. In options, flows on OTC network Paradigm featured demand for calls, especially the $180K call expiring in September. BTC is down 0.64% from 4 p.m. ET Tuesday at $106,257.16 (24hrs: +1.23%) ETH is up 0.42% at $2,525.16 (24hrs: +0.51%) CoinDesk 20 is down 0.27% at 2,268.01 (24hrs: +0.6%) Ether CESR Composite Staking Rate is down 1 bps at 3.03% BTC funding rate is at 0.0088% (9.6886% annualized) on Binance DXY is down 0.49% at 99.63 Gold is up 1% at $3,313.10/oz Silver is up 1.02% at $33.31/oz Nikkei 225 closed -0.61% at 37,298.98 Hang Seng closed +0.62% at 23,827.78 FTSE is down 0.15% at 8,768.01 Euro Stoxx 50 is down 0.45% at 5,430.16 DJIA closed on Tuesday -0.27% at 42,677.24 S&P 500 closed -0.39% at 5,940.46 Nasdaq closed -0.38% at 19,142.71 S&P/TSX Composite Index closed +0.32% at 26,055.6 S&P 40 Latin America closed -0.26% at 2,631.81 U.S. 10-year Treasury rate is up 5 bps at 4.54% E-mini S&P 500 futures are down 0.76% at 5,914.75 E-mini Nasdaq-100 futures are down 0.81% at 21,274.50 E-mini Dow Jones Industrial Average Index futures are down 0.76% at 42,447.00 BTC Dominance: 64.01 (-0.15%) Ethereum to bitcoin ratio: 0.02378 (0.63%) Hashrate (seven-day moving average): 884 EH/s Hashprice (spot): $56.1 Total Fees: 7.42 BTC / $784,400 CME Futures Open Interest: 160,155 BTC priced in gold: 32.3 oz BTC vs gold market cap: 9.15% BTC rose as high as $108,000 early today but struggled to maintain the momentum, with the hourly chart MACD histogram turning negative. Prices will likely consolidate for some time, allowing a positive reset of the MACD, following which the next leg higher could resume. Strategy (MSTR): closed on Tuesday at $416.92 (+0.85%), down 0.58% at $414.50 in pre-market Coinbase Global (COIN): closed at $261.38 (-0.99%), down 0.67% at $259.64 Galaxy Digital Holdings (GLXY): closed at C$30.52 (-3.08%) MARA Holdings (MARA): closed at $16.19 (-0.8%), down 1.17% at $16 Riot Platforms (RIOT): closed at $8.93 (-0.45%), down 1.46% at $8.80 Core Scientific (CORZ): closed at $10.92 (+0.65%), down 2.2% at $10.68 CleanSpark (CLSK): closed at $9.7 (-1.42%), down 1.65% at $9.54 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $17.99 (-0.77%) Semler Scientific (SMLR): closed at $41.88 (-3.21%), up 2.63% at $42.98 Exodus Movement (EXOD): closed at $34.51 (+1.77%), down 1.45% at $34.01 Spot BTC ETFs: Daily net flow: $329.2 million Cumulative net flows: $42.75 billion Total BTC holdings ~ 1.19 million Spot ETH ETFs Daily net flow: $64.8 million Cumulative net flows: $2.61 billion Total ETH holdings ~ 3.47 million Source: Farside Investors Strategy (MSTR) has been accumulating bitcoin at a breakneck speed, maintaining the pace even during the March-April price swoon. "From GameStop to MetaPlanet to Strategy's $60B stash, BTC is reshaping corporate finance. Discover how the '42/42 Plan' could become a blueprint for others," 21Shares said on X. Bitcoin Sets Record Daily Close With $110K as the Next Level to Watch for BTC (CoinDesk): Bitcoin set a record high close on Tuesday at $106,830 as spot ETF inflows rose and bond-market turmoil fueled concerns over fiscal stability, which analysts say could benefit BTC and gold. SEC Charges Unicoin, Top Executives With $100M 'Massive Securities Fraud' (CoinDesk): The SEC alleged Unicoin misled investors by inflating property values, overstating sales claims — touting $3 billion when only $110 million was raised — and promoting rights certificates with exaggerated return promises. U.K. Inflation Jumps, Reinforcing Bank of England's Caution (The Wall Street Journal): Annual inflation rose more than forecast to 3.5% in April on rising labor and energy costs. Projections suggest a gradual return to target by 2027. 'Days to Cover mNAV': The New Standard for Evaluating Bitcoin Equities (CoinDesk): This metric estimates how long a company would need to accumulate enough bitcoin to justify its market cap based on daily yield and net asset value multiple. Morgan Stanley Strategists Say Buy America Except the Dollar (Bloomberg): Morgan Stanley strategists expect 2026 Fed rate cuts to benefit U.S. stocks and Treasuries, while forecasting dollar weakness as growth and yield advantages over other economies shrink. IMF Urges U.S. to Curb Deficit as Trump Tax Cut Plan Stirs Debt Fears (Financial Times): The IMF's first deputy managing director said U.S. fiscal policy should aim to lower the debt-to-GDP ratio and warned that trade uncertainty remains high despite recent tariff relief. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
