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MEXICO CITY (AP) — President Andres Manuel Lopez Obrador launched an ambitious plan Saturday to stimulate economic activity on the Mexican side of the U.S.-Mexico border, reinforcing his country's commitment to manufacturing and trade despite recent U.S. threats to close the border entirely.Mexico will slash income and corporate taxes to 20 percent from 30 percent for 43 municipalities in six states just south of the U.S., while halving to 8 percent the value-added tax in the region. Business leaders and union representatives have also agreed to double the minimum wage along the border, to 176.2 pesos a day, the equivalent of .07 at current exchange rates.Lopez Obrador, who took office on Dec. 1, said the idea is to stoke wage and job growth via fiscal incentives and productivity gains. U.S. President Donald Trump has repeatedly complained that low wages in Mexico lure jobs from the U.S. Mexico committed to boost wages during last year's negotiations to retool its free trade agreement with the U.S. and Canada.Speaking from Ciudad Juarez, a manufacturing hub south of El Paso, Texas, Lopez Obrador said Saturday he agrees with Trump that Mexican wages "should improve." He decried, for instance, that Mexican auto workers earn a fraction of what their U.S. counterparts take home, topping out at just an hour versus a typical wage of an hour in the U.S.Yet the economic plan comes at a delicate moment for the border region. Trump threatened as recently as last week to close the U.S.-Mexico border "entirely" if Democrats refuse to allot .6 billion to expand the wall that separates the two countries.Economy Minister Graciela Marquez noted Saturday that the border region targeted for economic stimulus accounts for 7.5 percent of Mexico's gross domestic product. And in recent years, she said, the 43 municipalities included in the plan have boasted combined economic growth of 3.1 percent, above the national average of 2.6 percent for the six years through 2017.Much of that robustness owes to trade and proximity with the U.S., the world's biggest economy."We have to take advantage of this locomotive that we have on the other side of the border," she said.Marquez expressed optimism that the stimulus plan will direct more Mexican and foreign investment into the border region. The plan for the border region is part of what Lopez Obrador calls "curtains of development" to shore up different corridors of the country so that Mexicans stay rather than migrating in search of better economic prospects. 2543
Manitowoc, Wisconsin police are searching for a man who appeared to be wearing a clown mask while burglarizing an A&W restaurant.On March 25, the suspect broke into the A&W restaurant on Harbor Town Lane. The suspect was inside the restaurant for a short period of time, managing to steal multiple bank bags.The exact amount of money in the bank bags was not disclosed.Manitowoc police say it is likely that the suspect knew the layout of the restaurant.The suspect was wearing a black jacket, charcoal-colored sweatshirt, gray sweatpants, dark brown or black shoes, blue latex medical gloves and a Halloween mask with a red nose and white eyes.He was last seen walking northeast through the Manitowoc Shell parking lot toward the Harbor Town Inn. Police are offering a reward up to 0 for any information that leads to the identity and arrest of the suspect responsible for the burglary.If you have any information, Manitowoc police encourage you to call Detective David McCue of the Manitowoc Police Department at 920-686-6570.To remain anonymous call Crime Stoppers at 920-683-4466. 1113
Microsoft said Sunday that it is "prepared to continue discussions to explore a purchase of TikTok in the United States."The announcement comes days after President Donald Trump said he was planning on banning the app, which is owned by Chinese company ByteDance.Trump administration officials are concerned about the app's terms of service, citing the privacy concerns of U.S. citizens with the Chinese government."Microsoft will move quickly to pursue discussions with TikTok’s parent company, ByteDance, in a matter of weeks, and in any event completing these discussions no later than September 15, 2020," Microsoft's statement read, in part. "During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President.""The discussions with ByteDance will build upon a notification made by Microsoft and ByteDance to the Committee on Foreign Investment in the United States (CFIUS). The two companies have provided notice of their intent to explore a preliminary proposal that would involve a purchase of the TikTok service in the United States, Canada, Australia, and New Zealand and would result in Microsoft owning and operating TikTok in these markets. Microsoft may invite other American investors to participate on a minority basis in this purchase."Read Microsoft's statement in full here.Secretary of State Mike Pompeo later said President Donald Trump plans to take action on what he sees as a broad array of national security risks presented by software connected to the Chinese Communist Party.Trump has said he would soon ban TikTok in the United States. Treasury Secretary Steven Mnuchin says a federal committee is reviewing whether that’s possible, and its members agree that TikTok cannot remain in the U.S. in its current form. 1814
McDonald's is celebrating International Women's Day with a big, gleaming, W."For the first time in our brand history, we flipped our iconic arches," said McDonald's Chief Diversity Officer Wendy Lewis.The giant arches have been physically flipped at just one California restaurant. On Thursday, International Women's Day, upside-down arches will replace rightside-up arches across McDonald's digital channels.Lewis said McDonald's is flipping its logo "in honor of the extraordinary accomplishments of women everywhere."The restaurant chain will also mark the occasion at another 100 US locations, where McDonald's employees will wear special hats and shirts.Related: McDonald's is taking cheeseburgers out of the Happy MealIn recent years, companies have started using International Women's Day to broadcast their views on gender equality."International Women's day is a perfect opportunity for brands to talk about their commitment to empowerment," said Tim Calkins, a marketing professor at Northwestern University's Kellogg School of Management."It's a perfect venue to get out there and enhance your brand perception," he said.In a statement, McDonald's said that 6 out of 10 managers of US restaurants are women."We have a long history of supporting women in the workplace," the company added.Related: McDonald's is going greenBrands may also be eager to replicate the success of others, Calkins said."When companies see high-profile campaigns that get some traction and get some discussion, they are very quick to jump on the bandwagon."One example of a particularly successful campaign is the "Fearless Girl," sculpture, which was installed across the "Charging Bull," in New York City by State Street ahead of International Women's Day last year.The statue was designed by the financial services company and the advertising firm McCann to call attention to State Street's efforts to improve gender diversity on corporate boards. But it soon took on a life of its own.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 2080
Mack Beggs defended his Texas wrestling state title on Saturday by winning the girls Class 6A 110-pound class, to the chagrin of some of those in attendance in Cypress, Texas, the Dallas Morning News reported. Beggs, who was born female, is a transgender male who is only allowed to wrestle against girls. Texas' University Interscholastic League requires that athletes compete in the gender listed on their birth certificate. Beggs told the Dallas Morning News that he has not gone through any gender reassignment surgeries. But that did not stop those in the crowd from heckling Beggs. "They're saying 'steroids.' They're saying, 'Oh, they're beating up on girls,'" he told the Morning News. "It just comes down to technique and who has the most heart. I put too much blood, sweat and tears, I put too much B.S. into this journey that I wanted to come out on top."If Beggs had his choice, he would be competing against boys. "What can I tell people? I can tell the state legislature to change the policy, but I can't tell them to change it right now," Beggs told reporters. "All I can hope for is that they come to their [senses] and realize this is stupid and we should change the policies to conform to other people in my position."Among those who believe it was not a fair bout was Beggs' semifinal opponent Kayla Fitts, who went 52-0 as a senior for Cypress Ranch High School. "The strength definitely was the difference. I didn't anticipate how strong he was," Fitts told the Morning News."I understand if you want to transition your gender," she added. "I understand that totally. But there's a time and a place."Part of the issue has been that Beggs is taking a low dose of testosterone. Although testosterone injections are prohibited for athletes, an exception is made for Beggs due to the state's "safe harbor" provision, which allows for injections when used for valid medical purposes. Beggs said that he plans on wrestling against males in college. To read more of the Dallas Morning News' report, click here. 2153