Friday, October 31, 2014

Here’s another way to enjoy poblanos

ancho reyesA devil of a drink, says one reviewer.

The poblano pepper is an important ingredient in a number of Mexican dishes, but back in the 1920s it was — in its dried form — the main ingredient in a liqueur.
Last year, a firm did some research on that drink and found a recipe that had been used by a family in Puebla. Today, it can be found in Mexico and the United States as Ancho Reyes, billed as a liqueur for the “prolific of spirit” and “bold of heart.”
It is also billed not only as the most original Mexican liqueur but has the distinction of being the only chile liqueur in the world. Roberto Hidalgo, managing director of Licorera Ancho Reyes, says there’s a lot of history behind the brand.
The late 1920s in Mexico were a different sort of Roaring 20s, where artists, intellectuals and bohemians formed an avant-garde movement that gathered in cantinas and enjoyed unique “menjurjes,” or homemade concoctions made from a blend of local ingredients and spirits.
One of those was the Reyes family’s poblano chile liqueur, a sugar cane distillate in which dried poblano peppers have been steeped for six months.
The dried poblanos, known as chile ancho, are more than 90% of the formula for the liqueur, which employs neutral sugar cane spirit from Veracruz and a few other hot chiles for more depth, according to its makers.
So how is it? “This is one devil of a drink,” wrote a MarketWatch writer earlier this month. The heat greets you “like an anxious birthday boy waving a baseball bat at a piƱata.”
Geoff Kleinman of Drink Spirits was impressed, and appreciative, that Ancho Reyes “actually tastes like peppers,” and is best when mixed, especially with tequila. It also transforms a classic drink into something completely different, he said, even a typical Mexican hot chocolate.
Licorera Ancho Reyes describes its product as artisanal: each pepper is hand-selected and cut with scissors before going into the cane spirit.
Reports indicate that the product has been well received in the United States; next year it will be introduced in Canada and Europe. Hidalgo sees a great opportunity for Ancho Reyes in the U.S. where there is a growing market for spicy foods. In Mexico, meanwhile, the drink has seen triple-digit growth, he said.
Hidalgo attributes its popularity to being a new brand of a new artisanal product with history behind it.
If you should feel the need to celebrate your inner “radical, romantic or independent,” this smoky and heated concoction might just do the trick.
Source: Milenio (sp)
- See more at: http://mexiconewsdaily.com/news/another-way-enjoy-poblano-peppers/?utm_source=fb&utm_medium=fb&utm_campaign=anchoreyes-10-31#sthash.eo8QMOpW.dpuf

Best Apps for Organizing Travel Information

travelandleisure.com


Keeping track of your itinerary details, loyalty programs, and reservations can be a headache without the right tools. T+L takes a look at the best apps.
Worldmate Gold: Wish all of your travel details would show up on your phone’s calendar? WorldMate’s premium app will make it happen—whether you use Google, iCal, or Outlook. It can sync flight schedules, restaurant reservations, apartment rentals, and more—and if you add a hotel booking, the app will automatically try to find you a better price. Also handy: built-in weather forecasts that appear alongside your appointments. ($9.99 per year; Android, iOS, Windows Phone)
Kayak: Not surprisingly, the site that does it all has an app to match. In addition to the usual perks, such as automatic itinerary updates and flight-delay notifications, you’ll get access to dozens of features that allow you to book an entire vacation in just a few quick taps. You can search for airfares, find hotels, and even book rental cars. The only thing missing? A loyalty-points tracker. (Free; Android, iOS, Kindle, Windows Phone)
TripCase: This business-minded trip manager stores your entire itinerary (down to your meals) and makes updates in real time, whether you’re inputting changes on the go or someone back at the office is doing it for you (travel agents included). Family and friends can receive updates when your flight lands or gets delayed; what’s more, a new partnership with discount provider Deem Offers delivers deals for nearby restaurants and hot spots. (Free; Android, iOS)
TripIt Pro: TripIt used to be best when used on the Web, but these days, its app is truly impressive. The most time-sensitive details show up front and center on the app’s home screen, whether it’s flight updates as you’re heading to the airport or directions to your hotel once you’ve landed. Splurge on the Pro version—it’s worth the money. It includes the most comprehensive loyalty-points tracker around, as well as Seat Tracker, which allows you to request a block of up to four seats on any flight. ($49 per year; Android, iOS, Windows Phone)

UC, Mexico sign memorandum of understanding on renewable energy

dailycal.org

MOU_ChenGong
CHEN GONG/STAFF

UC President Janet Napolitano and the Mexican Secretariat of Energy, or SENER, signed a memorandum of understanding regarding the development of renewable energy between the University of California and Mexico on Thursday at the Lawrence Berkeley National Laboratory.
The memorandum of understanding, or MOU, outlines the nature and scope of collaboration between the university and SENER for the next five years. This includes research; visits from scholars, scientists and administrators, and development of graduate programs in the field of renewable energy. This MOU is part of the larger UC-Mexico Initiative based in UC Riverside that Napolitano launched in January to strengthen collaboration between the university and Mexico.
The initiative aims to unify existing UC programs and partnerships in Mexico, such as education abroad and research partnerships, as well as prompt the development of new programs.
“I’m excited that we’re starting off with the energy sector, because I think there’s just so much we can do,” Napolitano said. “(The MOU partnership) is designed to think of energy in a sustainable way.”
Napolitano and Leonardo Beltran, SENER undersecretary of energy planning and transition, signed a copy of the MOU in English and another in Spanish. Andres Roemer, consul general of Mexico, and UC Riverside Chancellor Kim Wilcox also participated in the ceremony.
“The deepening collaboration and projects we are developing between Mexico and California will contribute to the much-needed efforts against climate change,” Beltran said in a statement. “The ultimate goal is that Mexico and California work together in these areas that are needed to secure a more sustainable future and a long-lasting regional economic development.”
According to Napolitano, partnerships between California and Mexico are relevant because of recent energy reforms in Mexico. She added that they share environmental and food issues as well as cultural and historical backgrounds.
Beltran cited recent partnerships between the United States and Mexico as another reason for the MOU. In 2013, President Barack Obama and Mexico’s President Enrique Pena Nieto announced an agreement to develop renewable energy. Recently, Gov. Jerry Brown and Mexico’s Secretary of Energy Pedro Joaquin Coldwell signed an agreement to collaborate in the field.
Under the MOU, the university and SENER are not obligated to commit to assigning funds or assets to activities. Each entity, however, is responsible for financing the activities that occur within them.
The MOU ceremony was held at Berkeley Lab as part of a two-day visit from members of SENER, which included tours of various parts of the lab and meetings to discuss UC research and possible collaboration.
Berkeley Lab is set to be the site of the first application of the memorandum. It will host three postdoctoral research fellows from Mexico beginning in January.
“I am convinced that, by working together, we can make our countries stronger and contribute to sustainability,” Beltran said at the ceremony.

Day of the Dead Street Walk Tomorrow Night

MazatlĆ”n’s traditional “callejoneada” through the streets of Centro Historico to view altars created by residents takes place tomorrow night (Nov. 1) beginning at 8pm in the Plazuela Machado.
The theme this year, said Cultura director RaĆŗl Rico, is “El Carnaval de los Muertos” in homage to Rigoberto Lewis who for many years designed the primary floats for MazatlĆ”n’s annual Carnival before he died earlier this year.
After the street walk, celebrants are invited to the Centro Municipal de las Artes (CMA) and Angela Peralta Theater for free performances and art shows.
This year those wishing to see the performances at the CMA and theater must have tickets which are free (4 per family) and available tomorrow at a Cultura booth set up in the Plazuela Machado beginning at 10am. The idea, said Rico, is to regulate the influx of people by dividing them into groups by hour to avoid overcrowding. 
(from Cultura press release)

Pemex Signs Oil Cooperation Agreement with Italy’s ENI

laht.com


MEXICO CITY – State-owned oil giant Petroleos Mexicanos (Pemex) and Italy’s ENI signed a memorandum of understanding Thursday that opens the way for the firms to examine cooperation in natural gas exploration and production, refining and petrochemicals.

The agreement, which was signed by Pemex CEO Emilio Lozoya and ENI chief Claudio Descalzi, “allows the exchange of experiences and practices, technological and operational,” Pemex said in a statement.

The energy companies agreed to work jointly to develop sustainable practices and take action to reduce emissions of pollutants.

The memorandum of understanding will allow the joint development of training and apprenticeship programs to help the companies meet their need for “highly specialized human capital,” Pemex said.

ENI, founded 60 years ago and based in Rome, operates in all segments of the energy industry and has a presence in 85 countries.

The Italian company, which currently produces about 1.5 million barrels of oil equivalent (boe) per day, has a representative office in Mexico.

Pemex recently signed an agreement with Kuwait’s KUFPEC to pursue oil and gas exploration and production opportunities.

President Enrique PeƱa Nieto signed a package of legislation over the summer to implement the December 2013 energy overhaul, which ended Pemex’s seven-decade monopoly over Mexico’s oil and gas industry.

Mexico’s oil production has fallen by nearly 25 percent from a high of 3.3 million barrels per day (bpd) in 2004 due to a sharp drop in output at the offshore Cantarell project, formerly Mexico’s most productive field, and a lack of investment.

The energy industry overhaul was aimed at reversing that decline by allowing private companies to develop crude reserves for the first time since 1938.

Vance Wants to Trick Or Treat In Maz (Weather Report)

Despite the ocean water cooling considerably, it's still warm enough to provide fuel for a tormenta (storm). We've talked before about what I call The Cradle of Storms....better known as The Gulf of Tehuantepec in the far south of Mexico.
A couple days ago a new tormenta formed near there, albeit comfortably offshore. As of this morning the storm officially reached the tropical storm threshold of 35 Knots (40.3 MPH / 64.8 KPH) Of course tropical storms get names and since we're up to V this year, our new babe in The Cradle was dubbed "Vance."
At the beginning of the season our first several storms marched out of Mexican seas straight to the west, with just enough northerly drift to endanger the Hawaiian Islands. Then as things progressed tropical storms and hurricanes started going northwest a considerably distance prior to still angling west.
By September the northwest direction got very pronounced, and combined with crazy warm waters with patches at 90 F. (32.2 C.), started fueling a series of hurricanes that became almost as consistent as buses down the Malacon. One after another they'd gear up in the Cradle, then march around the corner of Cabo Corrientes (the extreme southern point of the bay that includes Puerto Vallarta) before spinning out toward or below Baja.
Now after more than a month of relatively calm seas and winds we have Vance wanting to flex his muscles, and here's where it gets interesting. Remember that giant clockwise loop Norbert made starting in The Cradle...arcing northwest along the Mexican coast...north over the top of Cabo...circling northeast to cause floods in the desert of Arizona...and finally east to die in Texas.
Expect Vance to make another clockwise run, albeit a much a smaller diameter swing. Small enough that the top arc could, and probably will, send it right over Mazatlan! OK, OK now that I've scared everyone, let me clarify the risk of an actual hurricane here is very slight to highly unlikely. While Vance may well reach (lower) hurricane status, that will be short lived and he should fall back into tropical storm level prior to ever making land.
Here are the reasons:
1. Water Temperatures - The ocean in Northern Mexico has been cooled dramatically by a series of windy days from the north. This reduces the "fuel" factor to generate higher wind speeds. In fact ocean temps have dropped by at least 10 degrees F. (sorry I don't know how to write that in C.), and while out today we were remarking how pleasant it was even in the middle of the day
2. A Short Duration Event - Norbert's damage to Cabo was enhanced by the day after day build up of power and wind / wave speed and size as it approached Baja. Whereas Vance just qualified as a tropical storm today (Thursday), but should reach peak strength barely three days later on Sunday
3. Turn East And Die - The following has little scientific basis, nevertheless is based on over 30 years of anecdotal information. I can't remember how many tropical storms and hurricanes I weathered in Mazatlan, but can say without fail every single one of them weakened...a lot, as they approached the mainland.
Like clockwork I'm predicting we'll see that again. This storm will grow and travel in a direction that throws people into a tizzy of worry. Only to end up as a windy rain storm with some moderately rough seas that passes over around Tuesday. Call it Pacific Pearl luck...or natures gift to the wonderful people of Mazatlan, but it's happened so consistently since the 1970's that it's become routine and expected.
Expect it again.

Thursday, October 30, 2014

Scotiabank plans 3.6-bn investment

Plaza Scotiabank in Mexico City.Plaza Scotiabank in Mexico City.

The governor of Mexico’s central bank forecast a couple of weeks ago that the recent surge in violence would not deter foreign investment. Given several announcements this week, Agustin Carstens, head of the Bank of Mexico, may be right.
Today, Canada’s Scotiabank announced it would invest 3.6 billion pesos (US $267 million) over the next five years, and that it would expand its lending programs in the energy sector to US $10 billion over the same period.
The bank plans to invest mainly in improvements to online and mobile banking.
In an interview with El Financiero, the bank’s president and chief executive officer said Scotiabank, like nearly all foreign investors, views the structural reforms as important for Mexico and it believes the government is on the right track.
Brian Porter acknowledged that security is a concern but believes the government is working to address the issue, and it doesn’t detract from the bank’s view that Mexico is a good place to invest.
Scotiabank has more than 13,000 employees in Mexico.
In the past five years it has helped finance energy projects to the tune of $4 billion.
Earlier this week, the Mexico Business Summit being held in QuerƩtaro was the scene of a few new investment announcements, including one by the developer Altozano. It plans to invest $450 million in new infrastructure in the state capital.
Kellogg’s Mexico will invest about $52 million in developing innovation, sustainability and productivity programs. The firm, which has been operating in Mexico for more than 60 years, said it will invest in the development of nutritious products for young and old that promote a healthy lifestyle.
Two firms plan investments in the automotive sector: Nexteer Mexico with $40 million and Etxe DiseƱo with $10 million. Yesterday, Chinese telecommunications firm Huawei released details of its plans to spend $1.5 billion on innovation and training centers.
Source: El Universal (sp), CNNExpansion (sp)
- See more at: http://mexiconewsdaily.com/news/scotiabank-announces-investment-plan/#sthash.5KChhxFZ.dpuf

Mexico moves up in business rankings

doing business chartMexico and other selected countries.

Mexico has become a slightly better place to do business having gained four places, moving from 43rd place to 39th, in international rankings released today by the World Bank.
The bank’s annual Doing Business report measures and and tracks changes in regulations affecting 11 areas in the life cycle of a business: starting one, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and labor market regulation.
Mexico scored higher than all the so-called BRIC countries: Russia placed 62nd, China 90th, Brazil 120th and India 142nd out of the 189 countries measured.
In Latin America, Mexico is in third place behind Colombia, in 34th, and Peru 35th.
Singapore placed first, followed by New Zealand and Hong Kong.
The report has had its critics in the past, notably China, but changes were made this year to the methodology. For Mexico those changes have given it a more favorable ranking than it received in previous years.
The improvement is also due in part to the improved economic outlook created by structural reforms, said Finance Secretary Luis Videgaray Caso in commenting on the report.
Economy Secretary Ildefonso Guajardo Villareal pointed to improved regulatory processes, particularly for small and medium-sized businesses as another reason for it being easier to do business in Mexico, while conceding at the same time there are issues to be dealt with.
“. . . although we have big challenges to attend to, in the government we continue working to make Mexico an increasingly more attractive place to invest.”
The World Bank also notes in its report that its methodology has some limitations. Other areas that are important to business—such as an economy’s proximity to large markets, the quality of many of its infrastructure services, the security of property from theft and the transparency of government procurement among other things are not directly studied by Doing Business.
Source: El Economista (sp)
- See more at: http://mexiconewsdaily.com/news/mexico-moves-business-rankings/#sthash.b8IT9JIk.dpuf

Mayor Felton’s 2015 Wish List

MazatlĆ”n’s mayor, Carlos Felton GonzĆ”lez, told reporters yesterday that next year he plans on making Isla de la Piedra (Stone Island) into a colonial town.
The mayor said, “We want the Isla de la Piedra to become kind of a colonial town so there is not a noticeable demarcation between the town and the sustainable AmaitlĆ”n project currently under construction.” He added that he wanted people to go to Stone Island not just for the beaches, but to visit the town, as well.
He pointed out the project would include rehabilitating the roads, building a wastewater treatment plant and remodeling and painting the facades of the town’s structures.
He said the Stone Island project is one of 20 he has planned for 2015.
Also included in his 2015 plans is the reconstruction of the palapas damaged and destroyed during Hurricane Norbert.
The mayor also told reporters he is looking for investors that would be interested in installing a cable car to MazatlĆ”n’s lighthouse, El Faro.
(from El Debate)

14 Rules for House-Flipping Success

by Jason Van Steenwyk on May 2, 2014
realestate.com Jason Van Steenwyk

1. Don’t let anyone tell you that flipping properties is either illegal or unethical. It is neither. Flippers simply provide a ready market to help motivated sellers solve problems of their own, and then take care of neglected maintenance and make improvements to the housing stock, making homes (and neighborhoods) more valuable after the flip than before. They then capture some of this value as profit. That’s it.
There are 14 rules house flippers should follow to create a successful business2. Make your money when you buy, not when you sell. The engine that drives your profit potential is the discount from the fair market value that you can get. You can get this discount by being willing and able to close quickly on a house where a motivated seller needs fast cash or the ability to relocate. You might not be a seller’s “Mr. Right.” But there’s a lot to be said for being a seller’s “Mr. Right Now.”
3. Buy at a discount to the intrinsic value of the investment.
4. Be picky. Especially with your first deals. Get a good pitch to hit. Or, as Warren Buffett puts it – stay within your own “circle of competence.”
5. Keep it simple. Most big renovations are net money losers, on average. Don’t count on them for your profits, unless you need to renovate in order to make the property livable or to bring it up to the minimum standards of the neighborhood. But make sure you factor in your renovation costs when you make the offer to the seller.
6. Remember that house flipping is essentially a market-neutral strategy. That means you aren’t relying on a continuing bull market in real estate to make your money. Flipping, if well-executed, can be profitable in up, down or sideways markets. That’s because motivated sellers must sell below market price no matter what the market is doing. Flippers exploit the difference between the discount to market value that a motivated seller will take on one hand, and the full value of a well-shown and presented property on the other. That tension – that dynamic – propels flipping profits no matter what the overall market is doing. You must move faster during a bear market, or when interest rates are rising, and you may have less margin for error. But keep it simple and straightforward, and you can profit in any market environment.
7. Take advantage of every tax deduction you can get.
8. Maintain a sound balance sheet and enough liquid savings to deal with the unexpected. Murphy’s law is alive and well in the Flipping Market, and it will drive you out of business if it strikes at the wrong time, when you are overextended.
9. Don’t neglect contract assignment. This is a great way to get started because it allows novices to hand over deals to more experienced investors who have the cash needed to make a deal profitable. And it’s a great way for experienced investors to leverage the efforts of other smaller investors! A related concept: wholesaling!
10. Serve the masses, eat with the classes. Master the art of selling to the fat part of the bell curve.
11. Understand fraud rules – and keep your integrity intact. No. Matter. What.
12. In the long run, property flipping is a people business. You will run into the same players many times over. Your reputation as one who deals fairly and honestly is a thousand times more important than any given deal.
13. Don’t lose money.
14. Be a great singles hitter. Create and work a system for nailing a modest profit again and again. You don’t have to swing for the fences. Keep it simple – reinvestment and turning over capital many times in a year, doing multiple deals with the same money, will do just fine. You’ll get your share, and four simple deals with steady profits over the year are better for new investors than one big, complex deal with uncertain profitability.

Mexico: one of the five easiest countries to open a business in Latin America

theyucatantimes.com

Mexico climbed from the 43rd to the 39th spot in “ease of doing business” ranking.
In Mexico opening a business takes 6.3 days, six procedures and costs 18.6% of the per capita income.
Mexico’s reforms helped the country climb four sports in the World Bank’s Ease of Doing Business ranking, from the 43rd to the 39th position.
According to the report, entitled “Doing Business 2015: Going Beyond Efficiency“, Mexico is one of the five easiest countries to open a business in Latin America, along with Colombia, Peru, Chile and Puerto Rico.
In Mexico, opening a business takes 6.3 days, six procedures and costs 18.6% of the per capita income.
mexico-manufacturing
The report added that “Mexico improved access to credit by amending its insolvency proceedings law and establishing clear grounds for relief from a stay of enforcement actions by secured creditors during reorganization proceedings. And it made resolving insolvency easier by shortening the time extensions during reorganization proceedings and facilitating electronic submission of documents.”
It also said that “Mexico shortened the time extensions allowed during reorganization proceedings and made it easier to submit documents electronically.”

mexico-is-open-for-business-ppt-1-638

However, Mexico was not ranked as good in getting electricity (116); registering property (110), dealing with construction permits (108), paying taxes (105) and starting a businesses (67).
Mexico obtained its best grades in getting credit (12), resolving insolvency (27), trading across borders (44), enforcing contracts (57) and protecting minority investors (62).
Mexico was ranked 39th, below Colombia (34th) and Peru (35th), but well above Brazil, which ranked 120th among the 189 nations analyzed.