[OFFICIAL] Economics Report- Week of 7/19
Day 607, 14:06
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Published in Mexico 
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by
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by Secretaria del Trabajo
This is an official announcement of the Mexican Government, please vote this up! For breaking economics information, please subscribe!
In this issue...
I. An Introduction
II. Ministry Policy on Currency Evaluation
III. Ministry Policy on Pricing
IV. Wage Adjustments
I. An Introduction
This represents the official assessment of the Ministry of Economics. Whatever you may think of me personally, I will not be using this newspaper to spread any misinformation or express any personal opinions. The words expressed here are meant to be non-partisan and completely neutral. If you feel like what I've said can be construed to be discriminatory towards a particular individual or group, please let me know and I will have that language corrected promptly.
This organization is managed jointly by myself, Rosa Xuncax, and by my Deputy, Scip. Your President, Luisrha, is also omnipresent in helping me to catch the reins in case I have a question about policy.
II. Ministry Policy on Currency Evaluation
At time of present writing, the monetary market shows one gold to equal approximately 74.58MXN, found by averaging the first 5 offers on the market.
This price represents the region where the Ministry would like to stabilize the MXN for the current moment. My position is that we keep the MXN within the corridor of 70-80MXN over the long term. A few weeks ago, we had one gold equivalent to over a hundred MXN, so this is a very rapid rise in the value of the MXN. Some corporations have been feeling the pinch as they've exported, and certainly many government corporations are finding it difficult to maintain profitability.
We'll be continuing to look into the value of the MXN, and we'll take input from Mexican corporations, especially those who export. We value your opinion.
III. Ministry Policy on Pricing
Many individuals, including my distinguished personal friend Milarky, have expressed concern about government welfare. Indeed, I share the concern that government corporations will destroy private enterprise. As a result, let me express my opinion of the methodology by which our companies will operate.
We will move to set a base pricing, but we will not chase other companies into oblivion. In other words, we will move to protect Mexican citizens from price gouging and price fixing. We will try to maintain a competitive pricing, but we do not want to discourage you, the enterprising individual, from forming a company.
Please be aware that taxpayer money is not being relied on to fund these companies. As much as possible, we too have to maintain sustainable business practices.
IV. Wage Adjustments
As mentioned before, the valuation of the MXN continues to shift. As a result, the amount of money that is considered a "competitive wage" continues to vary. As the Secretary of Labor, I will carefully monitor the situation and change wage levels as necessary. In Canada this week, we had to lower wages in order to keep our Diamond corporation competitive.
If you work for our corporations, please be aware that you might see adjustments in your wage payments. We're going to be trying to shift operations and reduce the stress of overproduction.
Thank you for reading. We hope to provide the most powerful information on the Mexican economy to provide stability and confidence in Mexican institutions.
Viva Mexico!
Faithfully submitted,
Rosa Xuncax
Congresswoman, the Northeast
Secretary of Labor
Minister of Economics
In this issue...
I. An Introduction
II. Ministry Policy on Currency Evaluation
III. Ministry Policy on Pricing
IV. Wage Adjustments
I. An Introduction
This represents the official assessment of the Ministry of Economics. Whatever you may think of me personally, I will not be using this newspaper to spread any misinformation or express any personal opinions. The words expressed here are meant to be non-partisan and completely neutral. If you feel like what I've said can be construed to be discriminatory towards a particular individual or group, please let me know and I will have that language corrected promptly.
This organization is managed jointly by myself, Rosa Xuncax, and by my Deputy, Scip. Your President, Luisrha, is also omnipresent in helping me to catch the reins in case I have a question about policy.
II. Ministry Policy on Currency Evaluation
At time of present writing, the monetary market shows one gold to equal approximately 74.58MXN, found by averaging the first 5 offers on the market.
This price represents the region where the Ministry would like to stabilize the MXN for the current moment. My position is that we keep the MXN within the corridor of 70-80MXN over the long term. A few weeks ago, we had one gold equivalent to over a hundred MXN, so this is a very rapid rise in the value of the MXN. Some corporations have been feeling the pinch as they've exported, and certainly many government corporations are finding it difficult to maintain profitability.
We'll be continuing to look into the value of the MXN, and we'll take input from Mexican corporations, especially those who export. We value your opinion.
III. Ministry Policy on Pricing
Many individuals, including my distinguished personal friend Milarky, have expressed concern about government welfare. Indeed, I share the concern that government corporations will destroy private enterprise. As a result, let me express my opinion of the methodology by which our companies will operate.
We will move to set a base pricing, but we will not chase other companies into oblivion. In other words, we will move to protect Mexican citizens from price gouging and price fixing. We will try to maintain a competitive pricing, but we do not want to discourage you, the enterprising individual, from forming a company.
Please be aware that taxpayer money is not being relied on to fund these companies. As much as possible, we too have to maintain sustainable business practices.
IV. Wage Adjustments
As mentioned before, the valuation of the MXN continues to shift. As a result, the amount of money that is considered a "competitive wage" continues to vary. As the Secretary of Labor, I will carefully monitor the situation and change wage levels as necessary. In Canada this week, we had to lower wages in order to keep our Diamond corporation competitive.
If you work for our corporations, please be aware that you might see adjustments in your wage payments. We're going to be trying to shift operations and reduce the stress of overproduction.
Thank you for reading. We hope to provide the most powerful information on the Mexican economy to provide stability and confidence in Mexican institutions.
🙂Send us any questions, concerns, or comments that you might have.
Viva Mexico!
Faithfully submitted,
Rosa Xuncax
Congresswoman, the Northeast
Secretary of Labor
Minister of Economics
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Comments
Thank you for taking the time to do all of this, Rosa.
Very well written.
Thank you for your comments, Aetherion. 🙂
Sincerely,
Rosa Xuncax
Ya thanks Rosa or Ana Maria Guevara or whoever you are today!
Thank you, this is very helpful.
esto debio hacerse desde inicio de legislatura por cierto...
Pero para empezar esto es demasiado escueto y ambiguo... como estan las cuentas publicas de esas empresas? dicen que intentan ser competitivas pero hoy tuve que regañar a Luishra (o a secretaria de trabajo, no se si era el) por poner el precio del oil al 6 puesto DEL MAS BARATO DE EREPUBLIK!!! eso no es una competencia justa ni competitiva!
Voy a explicar lo sucedido... estaba viendo si NHK conspiracies ponia precios poco competitivos, por que algo me hace pensar que o a) tiene multis o b) paga DEMASIADO poco para que saliera rentable vender tan barato.
Para esto, puse una oferta de Oil (como 5 unidades...) a 0.7 MX contra los 0.95 que rondaba el mercado (y ya eran buenas ofertas!) y que sucedio? NHK lo bajo a .60 MX!! ya con eso, supe que habia algo de mano negra por que no hay manera de que eso salga rentable... pero es que el ingenuo que manejara la secretaria de trabajo o la MXN Corp. Mexico Oil vio esas dos ofertas como validas y puso su precio apenas un poco por encima de esas dos... el problema es que esas dos eran ofertas malas! (para las empresas) y POCO competitivas! (si vendiera a ese precio una empresa de Oil que pague lo normal deberia de quebrar rapidamente...) Asi que la verdad es que la secretaria de trabajo no tiene un criterio real o tangible sobre que base poner precios...
Ahora, no quiero criticar, por que solo a pasado una vez... pero si me gustaria pedirle al gobierno que sea mucho mas cuidadoso! por que a este paso terminaran dañando a los sectores privados por error! y por lo expresado aqui no creo que sea lo que busquen...
Eisenhorn,
Thank you for your input. The pricing on oil was my personal mistake, based on a misjudgment of the market. I have moved oil prices back to more acceptable levels. In the future, I would like to discuss with you levels that you feel would satisfy both of our opinions- for non-destruction of the private market, but also so that we don't have to continually find government companies with tax money.
To clarify, we will hold prices at a level that will not represent "the lowest in eRepublik" but which should allow us to regain some amount of money invested. In other words, we are looking for sustainable companies.
Eisenhorn, by the way, do you own any companies? I'm just curious.
Sincerely,
Rosa Xuncax
Yeah just like a week ago... i announced it in the press xD and with some Ads (not so much btw) also i has been posting with the Mining company org account, is not like i want to hide that i recently started a company (is where im working right now btw) and because of that i noticed this irregularity... you can see the top 150 RAW materials offers here: http://carbonium.pl/market/raw/ind/8" target="_blank">http://carbonium.pl/market/raw/ind/8 it update in a dialy basis and, i will post the screen later, the MXN Corp was the 6º cheaper at a moment, also the NHK conspiracy (2 cheapest) and mine (just with 5 of oil in stock anyway, in 5 place) but NHK conspiracies with more than 600 of stock in sale at that price! do you belive a company can survive selling at that cost? or he has multis or he has slaves lol.
Also i dont blame the govern for this, is not a big deal... but please check it out in the future and if you dont make mistakes like this in a regular basis would be no prob.
Saludos!
Eisenhorn,
Again, thank you for bringing the issue to my attention. 🙂 I do not have anything against you advocating for what is best in your mind, and I trust that you are an impartial individual.
In the future, if you have a complaint, I urge you to speak to me personally or comment as you have. It will be easier for me to address directly.
Sincerely,
Rosa Xuncax
Well done, and well written, Rosa ! I am honored that you, the the leading citizen of the Northeast, calls me "personal friend." Sometimes my anti-government rants do not make me many friends. However, I think you in particular and others in the present government are working very hard to create a fair balance between attending to citizens' needs and private businesses' needs (a much better job than any previous administrations that I remember). I for one will support the the re-election of the luisrha administration, if luisrha chooses to run again.