May 13, 2021 5 min read
This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. Opinions expressed by
Entrepreneur contributors are their own. Only 25% of Small and Medium Enterprises ( SMEs ) in Mexico survive the first two years of creation, according to data from the Development Center for Business Competitiveness. However, by 2017, 52% of Mexico s Gross Domestic Product is generated by that 25% of SMEs that manage to survive the first two years. In addition, of the total number of companies, the majority are SMEs: they represent 94.9% of the total establishments in the country (Economic Censuses 2019). In 2019, two out of ten companies exceeded five years of life. In fact, 80% fail before the age of five and 90% do not reach a decade, mainly due to financial, administrative and commercial issues. To this, we must add the impact of the economic crisis generated by COVID-19 .
In early February, vaccine fever was running high in the northern Mexican city of Monterrey, about 80 miles from the U.S. border. Mexico’s vaccination rollout had slowed down drastically while its northern neighbor’s picked up speed. Many of Monterrey’s wealthy residents were flying to cities like Houston, Dallas, and San Antonio to get their shots. Others, equally desperate, bought Pfizer shots from a local private clinic for $500 to $1,200. But on Feb.
17, the city’s health authority responded to a complaint about the clinic’s operations, raided the site, and discovered the vaccines were fakes. Police found the pirated shots stored inside beer coolers with faulty expiration dates and different batch numbers from the Pfizer doses distributed by the federal government.
Diego (an alias) doesnât want any surprises, and he is clear with his clients from the beginning: âIf anyone asks, this is a restaurant,â the waiter tells them. Until now, the bar where he works had followed Covid-19 protocols to the letter. Inside, there are sanitizing mats to disinfect shoes, digital thermometers and hydroalcoholic gel dispensers. The only unusual request is for mobile phones at the entrance. A security guard peels off two small white tags, one to cover each phone camera. âPlease guys, no pictures when you come in,â he says.
Itâs past 10pm and there are only a couple of tables left on the outdoor terrace, where lingering customers are about to pay the bill, finish their drinks and move on. But behind closed doors, staff have already lowered the black curtains and Diegoâs ârestaurantâ is in full metamorphosis. âFrom 11pm the good stuff starts, youâre going to see how it gets,â says head waiter Nina. Seen f
What went wrong? Questions and theories about what caused the metro tragedy in Mexico City
A lack of maintenance, design errors, poorly executed construction and negligence all dominate the discussion after the accident this week. EL PAÃS analyzes the key factors
Experts believe that the accident stemmed from a break in the joint of the horizontal girders.
Raised bridge
Tláhuac Avenue
The structure collapsed under the weight of the train. The girders opened like a book and trapped the metro vehicle.
Experts believe that the accident stemmed from a break in the joint of the horizontal girders.
Raised bridge
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