Baja Infotheque Network

This is all about the US economy – what’s the connection to Baja and Mexico?? Well, is their not the saying: “If the American economy coughs the Mexican economy has a flu” or such?? Woth all the positive thinking and hopes: does not look so good at all to the editor. Look at the whole picture…. Does a 20% occupation around xmas at one of the main resort areas in Mexico, Loscabos ring a bell?? How long will the living in self denial within the Baja business people continue until they think of plan “B” ??? One is wondering when observing some of the actions that are going on within some industry. Noticeable in the so called ‘luxury” real estate industry…
The US Commerce Department said Thursday durable goods orders, excluding transportation, slipped 0.6 percent last month, but overall orders jumped as civilian aircraft bookings surged 126 percent. Separately, the number of people filing initial claims for jobless aid rose for a second straight week last week, topping analysts’ expectations, although the figures were likely affected by snowstorms that blanketed parts of the country. (more…)

Nestle, the world’s biggest food group, said on Saturday it will invest 5 billion pesos ($390 million) in Mexico over the next three years to increase coffee processing capacity, part of a $1 billion expansion plan. “The majority of these 5 billion pesos will be invested in the Nescafe instant coffee processing plant,” Nestle said in a statement, adding that the investment would increase capacity by 40 percent at the factory in Toluca near Mexico City. Mexico, a major world coffee producer, has struggled to improve the quality of its beans in recent years but is positioning itself as a processor of coffee to serve U.S. and European markets. Nestle said it planned to invest $1 billion in Mexico between 2008 and 2012.
Source credits: Reuters.com

If you’re looking for ground zero in America’s longest and deepest recession, El Centro in southern California appears on first glance to fit the bill. The unemployment rate here and for the whole of Imperial County hit 30.1 percent in September, the highest rate in the United States. Locals say there is no denying that El Centro has suffered as a result of the recession and that jobs are more scarce in an area where agriculture is the backbone of the community and forms 25 percent of the local economy. (more…)