Thanks for the $4 billion....

by zulualpha, Tuesday, May 05, 2020, 10:37 (148 days ago)
edited by zulualpha, Tuesday, May 05, 2020, 12:24

President López Obredor Tuesday thanked Mexicans working abroad for the "solidarity" shown in March, with the sending of $4 billion (US) to familiy members south of the Rio Grande. It was the largest cash amount ever recorded.

Remittances, numbering 10.6 million individual transactions, averaged about $380 each ($9,000-$10,000 pesos.)

The Mexican economy, more than half of which is "informal," is expected to shrink about 8% this year, economists say. The "formal" economy may offer scattered unemployment benefits; the informal sector, none. (Excelsior) (Forbes) et al

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Thanks for the $4 billion....

by GolfSuper49 @, Back in Augusta, GA & Queretaro, MX, Thursday, May 07, 2020, 17:25 (146 days ago) @ zulualpha

Not just Mexicans as I support my wife and daughter in Queretaro and love it when the Peso is that high. Granted she's getting paid as a Principal and schools are closed but Just makes our lives easier with me working back in the States and the added $$$$$ compared to the peso. Hoping to keep it up.

Thanks for the $4 billion....

by Ironwood @, Thursday, May 07, 2020, 18:12 (146 days ago) @ GolfSuper49

Not just Mexicans as I support my wife and daughter in Queretaro and love it when the Peso is that high. Granted she's getting paid as a Principal and schools are closed but Just makes our lives easier with me working back in the States and the added $$$$$ compared to the peso. Hoping to keep it up.

Can you clarify? School principals in Mexico are getting paid while schools are closed? How about the teachers? Must admit I don't know the answers for school administrators and teachers here in Canada.

Thanks for the $4 billion....

by islandgirl @, Cowichan Valley, Thursday, May 07, 2020, 18:39 (146 days ago) @ Ironwood

Teachers are still working here in BC. Busy with online classes and designing assignments the kids can do online or email in. They are busy planning for school reopening (whenever that is, but won't be the same as before). They are busy planning something special for those who are supposed to graduate this year, but without the traditional ceremonies. Almost every day, I have received communications from my son's school and teachers.

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Thanks for the $4 billion....

by ZihuaRob ⌂ @, Zihuatanejo, México, Thursday, May 07, 2020, 18:43 (146 days ago) @ Ironwood

Not just Mexicans as I support my wife and daughter in Queretaro and love it when the Peso is that high. Granted she's getting paid as a Principal and schools are closed but Just makes our lives easier with me working back in the States and the added $$$$$ compared to the peso. Hoping to keep it up.


Can you clarify? School principals in Mexico are getting paid while schools are closed? How about the teachers? Must admit I don't know the answers for school administrators and teachers here in Canada.

All members of the CNTE and SNTE teachers' unions receive their pay whether they work or not, year round. They get paid even if they're on strike blocking roads, burning buildings and vehicles and attacking the police. You don't even have to actually be a teacher. You can "buy" the job or "inherit" it from a family member. The previous administration of Enrique Peña Nieto tried to fix this problem, but after AMLO won the presidency he undid the previous administration's education reforms that endeavored to professionalize the public educational system.

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Thanks for the $4 billion....

by GolfSuper49 @, Back in Augusta, GA & Queretaro, MX, Friday, May 08, 2020, 13:10 (145 days ago) @ ZihuaRob

Yes a Rob posted. Not sure which union my wife is with in San Juan del Rio, Queretaro but the teachers and principals have still received their pay as usual. Luckily, the union she does belong to is not one that goes out and does major protests for all the different things. She was happy with La Reforma as it gave the ability to hire the teachers she wanted/needed and not just keep the "buy the job" ones, who wouldn't show up to work or have the necessary degree to teach the children but still get the paycheck. Luckily, she is the principal of a kindergarten and all her teachers are Master Level graduated teachers that she personally taught over the past 8 years. Not a lot of money in the profession but she loves it, the kids and the hours of work.

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Thanks for the $4 billion....

by ZihuaRob ⌂ @, Zihuatanejo, México, Friday, May 08, 2020, 14:22 (145 days ago) @ GolfSuper49

Yes a Rob posted. Not sure which union my wife is with in San Juan del Rio, Queretaro but the teachers and principals have still received their pay as usual. Luckily, the union she does belong to is not one that goes out and does major protests for all the different things. She was happy with La Reforma as it gave the ability to hire the teachers she wanted/needed and not just keep the "buy the job" ones, who wouldn't show up to work or have the necessary degree to teach the children but still get the paycheck. Luckily, she is the principal of a kindergarten and all her teachers are Master Level graduated teachers that she personally taught over the past 8 years. Not a lot of money in the profession but she loves it, the kids and the hours of work.

I can't tell how much we padres de familia (and now abuelitos) appreciate the hard-working professionals like your wife who do what they do out of dedication and love for the profession. We have a couple or three lost generations thanks to the growth of the CNTE and the SNTE (the latter not near as bad as the former for missing classes). It's probably much worse here in Guerrero than in Querétaro where your wife works, pero no me consta. When our daughter was in public school decades ago it seemed like every week or so the teachers had an excuse for missing classes, and of course it's always the students and the taxpayers who pay the cost. Much respect to your wife!