Yesterday we received multiple emails from friends and colleagues outside of Mexico raving about the new Alfonso Cuarón film Roma and asking if we had seen it. We have not seen the film, but we watched the trailer on YouTube and were duly impressed by the beautiful black and white photography. This is not a movie review though; the flicks are not our forte but we noticed that the write-ups all mention that the film depicts Mr. Cuarón’s childhood memories of growing up in Mexico City’s Roma neighborhood, or Colonia Roma as it is called officially. We did not spend our childhood in Colonia Roma as Mr. Cuarón did but from our late teenage years on the neighborhood has served as the closest thing to a hometown as we have had. Our early memories of Mexico City streets as they were 40 years ago are now packed away in the recesses of the mind, which is why the depictions of the Roma of Cuarón’s youth trigger such a stunning and unexpected flood of recognition. Continue reading Roma and Colonia Roma
The earthquake that struck central Mexico on September 19, 2017 killed over 350 people and caused extensive damage to the capital city and surrounding areas. Many more people were injured and even more now must face the loss of their homes or businesses. As survivors of this event, Mexico Business Blog grieves for our friends, neighbors, colleagues and all those whose lives have been so brutally disrupted. The details and descriptions of the earthquake itself have been reported comprehensively elsewhere, so in this post we would like to present some observations from our own experience and address the future of our community in the near to medium term. Continue reading What will happen to Roma and Condesa?
The Mexican construction industry experienced a fairly robust recovery in 2015 after a rough patch in 2013 through mid-2014, even though monthly growth dipped toward the end of the year. This year started out well enough, but in February the Mexican government announced major cuts to the current budget that would have a substantial impact on infrastructure development, and growth slipped again in March (see graph below). The news came as a blow to the industry, as ambitious plans for various types of infrastructure projects during the Peña administration have been significantly rolled back due largely to major revenue shortfalls resulting from declining oil production and a steep drop in world oil prices. But what appears to be a boom of sorts in the construction of high-rise buildings in Mexico City and other parts of the country is helping to divert attention from the infrastructure slump and generate some important activity for the industry. Continue reading Mexico City seeing high-rise boom