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Archive for August, 2009

Weather Underground for tropical storms updates!

Monday, August 31st, 2009

http://www.wunderground.com/tropical/tracking/ep200913.html#a_topad

Hurricane Jimena may hit Loreto!?…

Sunday, August 30th, 2009

http://www.wunderground.com/tropical/tracking/ep200913.html#a_topad

Mexican Government gets Tough!

Monday, August 17th, 2009

 AP – Soldiers patrol in Piedras Negras, northern Mexico, Sunday, Aug. 16, 2009. The Mexican government has …

MEXICO CITY – Mexico has replaced all 700 of its customs inspectors with agents newly trained to detect contraband, from guns and drugs to TVs and other big-ticket appliances smuggled to avoid import duties.

The shake-up — part of a broader effort to root out corruption and improve vigilance at Mexican ports with new technology — doubled the size of Mexico’s customs inspection force.

The inspectors at all 49 of Mexico’s customs points were replaced with 1,400 better-educated agents who have undergone background checks and months of training, Tax Administration Service spokesman Pedro Canabal said Sunday.

He said the inspectors were not fired. Instead, government did not rehire them when their contracts expired, Canabal said.

The main focus of the overhaul is to combat tax evasion, although Mexico is also trying to seize more guns smuggled in from the United States and elsewhere that end up in the hands of ruthless drug gangs. Mexican cartels are responsible for the majority of cocaine smuggled from South America to the United States.

Canabal said the government hopes to improve its tax collection with the new system, noting that more than 40 percent of Mexico’s value-added tax is collected at customs. However, he said the main benefit will be stopping the flood of pirated and cheap goods that he said undermine Mexican industries.

Custom inspectors turned over their weapons to soldiers before leaving their posts at airports and border crossings across the country Saturday night. Enrique Torres, a spokesman for the military and federal police in the northern city of Ciudad Juarez, said soldiers were at the border crossing with El Paso, Texas, to help avoid violence during the transition.

The new agents, more than 70 percent of whom are university educated, were chosen in a “strict selection process that included psychological and toxicological checks, as well as the necessary investigations to ensure they have no criminal record,” according to a Tax Administration statement.

Canabal said the 700 who were replaced would not be banned from reapplying for their jobs, but would have to meet the new, stricter requirements. He said less than 10 percent of the ousted staffers have university degrees.

The new agents were trained in legal aspects of foreign trade and taught to use new equipment installed at border crossings, including X-ray and gamma ray machines to scan for hidden contraband. More dogs trained to sniff out drugs and other banned goods are also being added.

“We need more than just a body with a weapon,” Canabal said.

Mexico has been checking only 10 percent of the 230,000 vehicles that cross the border each day, according to the federal Attorney General’s Office.

Now, with new technology, agents will weigh and photograph every car and truck that crosses the border and run license plate numbers through a database of suspicious vehicles in the hopes of catching more hidden contraband.

Furniture!

Saturday, August 15th, 2009
Gusatvo at artesanias del Sol http://artesaniasdelsol.spaces.live.com/
He is in Loreto just north of the bank on Hyw.1, custom order thigs as well.

Questions answered by Michael Coyle!

Wednesday, August 5th, 2009

A little bird told me you were in Loreto recently!     Wasn’t me in Loreto.
What are your thoughts and what is going on with the project?     We have been trying to engage but with no luck. We stay in touch on all fronts and hope it somehow circles back to us. All parties at least know we are an option. We have a strong vision for the project well rooted in the original concept. I think Loreto Bay will be successful in the near term although it will take a few years for prices to recover. As long as everyone bought for the “right” reason meaning to use their home and enjoy the region then all will be well. Any flippers will be in trouble assuming they financed their purchase.

What did you think about Chuck Bedsoles email?     Chuck’s email was for all intents and purposes party line and meant to bring things to a head which it has done. He is a very intelligent resort expert which you may not have got to know because of the severity of the situation.

What is Citi & Chuck waiting for in a buyer?     The waiting for the right buyer part is a difficult answer to articulate. Let’s just say they would like to recover as much of their investment as they can and in this economy it is difficult for new buyers to predict the return of the market which has a significant impact on the price they are willing to pay as the cost of equity today is so high.

What is your opinion about Fonatur taking over the Hotel?     The Fonatur assumption of the hotel will just keep a heartbeat going in the hospitality assets. They won’t be able to do anything very positive while operating as a caretaker. I expect their tenure to be short.

It appears to me that all is heading in the right direction for you and your friends. The real losers in all this are the original investors, Citi and the town of Loreto which relied on transfer taxes etc… to stay alive. They are in serious pain now. If I were you I would rally the owners at the right time to do things for the townspeople. The foundation is the right way to go, just be sure to orient the funds towards the town’s sustainability rather than the turtles for now. 

They need to survive for you to survive down there and you will need them as your friends. They probably don’t have good feeling about Loreto Bay today with the impact its demise has had on them.

All the best,   Michael

The shaker north 8/02/2009!

Monday, August 3rd, 2009

Chech out the Earth Quake reported from the L.A. Times! Lucky we weren’t in that area!   http://latimesblogs.latimes.com/outposts/2009/08/earthquakes-in-sea-of-cortez-dont-appear-to-have-shaken-many-up.html