FBAR’s and Fideicomisos: To File or Not to File, That is the Question


See the full article at: FBAR’s and Fideicomisos: To File or Not to File, That is the Question
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To file or not to file, that is the question:
Whether ’tis nobler in the mind to suffer
The slings and arrows of outrageous fortune,
Or to take arms against a sea of troubles,
And by opposing end them?

To die: to sleep; No more;
and by a sleep to say we end
The heart-ache and the thousand natural shocks
That flesh is heir to,
’tis a consummation Devoutly to be wish’d.
To die, to sleep;

To sleep: perchance to dream: ay, there’s the rub;
For in that sleep of death what dreams may come
When we have shuffled off this mortal coil,
Must give us pause: . . .

Yes, sometimes it seems easier to shuffle off this mortal coil, than to fill-out and file Federal Forms with the US Treasury and the IRS. (Where filing on-time from Mexico presents its own problems: if you use Turbo-Tax, you can only e-file from Mexico if you still have and list a US address, while H&R Block’s TaxCut allows e-filing from Mexico, without a US address.)

Back to the points about FBAR’s and Fideicomisos

Requirements for US Tax filing . . .

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Read the full article on FBAR’s and Fideicomisos: Requirements for filing at: (or access under Living in Yucatan (see header) )
FBAR’s and Fideicomisos: To File or Not to File, That is the Question

Also, see our related on-going saga of US Tax Info in this related article: “US Income Tax Filing Information for Ex-Pats” at: (or access under Living in Yucatan (see header) )
US Income Tax Filing Information for Ex-Pats
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© Steven M. Fry

Posted in Uncategorized | 2 Comments

MXN Peso vs. US Dollar or “Saving 19 Cents on a $1000 Debt”

Read the full article at: MXN Peso vs. US Dollar or “Saving 19 Cents on a $1000 Debt
Abstract: People around the Web have recently asked about the effects of inflation on life here in Mexico, along with the effects of falling US Dollar values.

In short, yes, inflation has affected food and fuel costs here in Yucatan, but these increased costs have been more than out-stripped by typical Mexican investment gains and MXN peso gains when exchanged for US dollars and US goods (where the Peso has strengthened 4.4% in less than 2 months). Still, people who do not have investments, land, or lots of Mexican pesos, etc. are being squeezed.

This leads to the question of exactly where US dollar values are heading versus the Peso?

When in doubt, it can help to consult the experts. Both a key Chinese rating agency, Dagong, and Standard and Poors are publicly reporting significant long-term US Dollar weakening due to the US President’s and Congress’s refusal to reign-in Public Debt and US Federal deficit spending. Dagong is trusted for non-political currency ratings and their recent downgrading USA’s Treasury bonds from their classic AAA ratings, and even Standard and Poors (a modestly politicized agency) downgrading of future US dollar strength seem to forecast trouble for the US dollar.

This means trouble for people who depend on the dollar, like US ex-pat retirees with USD savings & investments. (If you think Mexico is a risky place to invest, check out the Bolsa’s strength & performance over the past 5 years vs. Wall Street.)

The US dollar will likely continue to slide versus the MXN peso, unless Bernanke, the US Treasury Dept, Obama, and Congress make serious course changes, to keep the US public debt from exceeding US GDP, (US Debt currently @ $14 Trillion – Up an additional $4 trillion under Obama & the Democratic Congress). The much heralded “deal” between Obama and Congress to cut the US Government budget by $40 billion, actually turned out to have only $380 million of real spending cuts. This shows that US politicians do not have the intention or the will to actually reduce the $2 trillion per year of govt. overspending. Cutting $380 million vs. the $2 trillion annual US deficit & $14 trillion of debt, is like reducing $1,000 of growing credit card debt by 19 cents a year.

Yep, we’re cutting back our $1,000 debt, by spending 19 cents less on cheap toilet paper, every year.
. . .

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Read the full article on Inflation Effects and Peso and US Dollar Values at: (or access under Living in Yucatan (see header) )
MXN Peso vs. US Dollar or   “Saving 19 Cents on a $1000 Debt
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© Steven M. Fry

Read on, MacDuff.

Posted in Living in Mexico - Posts, Uncategorized | Tagged , , , , , | 4 Comments

Phone Calls To and From and Within Mexico

See full article at: https://yucalandia.wordpress.com/living-in-yucatan-mexico/phone-calls-to-and-from-mexico-dialing-made-easy/
Abstract: Dialing and Calling Into and Out of Mexico:
Imagine you are enjoying Merida and want to call a friend here in Mexico or back in the USA or Canada. The prefixes you need to dial depend on *where you are* and *what kind of phone you are using* (land-lines vs. cell phones).   The rules for phone prefixes within Mexico, and from outside Mexico,  are different for land-line vs. cell phones.

Land-Line Phone Calls Within Mexico:
Land-line to local land-line: Dial the seven digit number (i.e. 924-1234) . . .

Read the full article on phoning to and from Mexico at: (or access under Living in Yucatan (see header) )
https://yucalandia.wordpress.com/living-in-yucatan-mexico/phone-calls-to-and-from-mexico-dialing-made-easy/
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© Steven M. Fry

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Eat Like a Local: Merida and Yucatan Food & Restaurants

How about a new topic listing some of the local expats fun places to eat like a local. I think it would be more reliable and honest if we limited it to peoples’ personal experiences, so it’s not just some front for advertising. I’d also propose that the thread features places that the authors eat at regularly, not just single experiences that may not be representative of what an every-day diner would find. You could list the type of food, location, directions on how to get there, approximate prices for a meal, and what you guys like best.

I’ll start. My friends and I love Wayan’e (Wy-ah-nay’s) for tacos and tortas in the morning. They are a long-term staple of Yucatecan tacos and tortas offering about 30 kinds of fillings: from huevos con chaya, or green chorizo, to chili-buul. Newbies can look at all the different offerings sitting behind a glass display. Wayane’s draws workers and students and families from across Merida, which makes it pretty busy most mornings. They are only open until about 1:00 PM, so their selection drops after about 11:30 AM, because once they run out of an item, then that one is done for the day.

We order 3 tacos each or one torta (sandwich), enjoy them, and then order 2-3 more if we are still hungry. The tacos cost $8 pesos and the tortas are $12 pesos. With an agua (de fruita), the total bill per person is usually under $50 pesos per person. One of the owners/cashiers speaks English if you don’t like to scan their offerings and point to what you want.

Wayane’s truly is a local favorite of ordinary folks, so, don’t expect to be treated like a tourist. There are only 6-8 tables set up on the sidewalk and a bunch of seats at the lunch counter (kind of a sushi-bar for taco eaters). You get there by going east out of the Fountain glorieta (Burger King) on Paseo Montejo, on Circuito Colonias past the big Chapur. Keep going 2 stop lights to the right turn to go to the Izamna town square (see big green interstate hwy style sign for Izimna). Turn right as if you were headed to Calle 50, and Wayane’s is 2 blocks down on the street corner your left.

Yuuuum. (and priced right for Small and Large Gropers)
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© Steven M. Fry

Posted in Living in Mexico - Posts | 5 Comments

Dia de Los Muertos (partly explained)

Around the the world, there are cults and ceremonies for the dead that include elaborate funeral practices, ranging from spending $1,000’s to permanently preserve bodies that will be viewed, spoken-to, and prayed-over for just a few days with large stone obelisks and permanent memorials (US & Canada);

to Japan & China where there there are highly expensive and even more elaborate funerals, including dioramas of expensive cars, condos, bungalows, etc for the soul to enjoy, plus lifelong obligations of the 1’st son to create and maintain shrines (where families without sons actually adopt or marry the daughter off to a “son”, who changes his name to become the official “first son”;

to Peru where some families bring out the mummy to sit and eat with the family.

In Mexico, ex-pats often wonder what the 3 days of Dia de Los Muertos are about.

Here’s a fun video short that gives some insights into central Mexico’s views on the dead.

Enjoy, and maybe hoist one in honor of your ancestors and those who helped make you who you are.

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Feel free to copy while giving proper attribution: YucaLandia/Surviving Yucatan.
© Steven M. Fry

Read-on MacDuff . . .

Posted in Living in Mexico - Posts | 2 Comments

Moving to Mexico: FMM, FM2, FM3, or Inmigrado?


NOTE THAT THIS POST IS ARCHIVAL – WITH ONLY OUT OF DATE INFORMATION…
See our main current article on  ~ Current Rules and Procedures for Immigration, Visiting, and Staying in Mexico

for current information

OLD Original post:
LATEST UPDATE: President Calderon just signed an all new Immigration Law yesterday. The new law pretty much overturns most of all the previous Mexican Immigration Regulations, Rules, and Procedures for people intending to stay in Mexico, but things look similar for temporary visitors like tourists and business visitors.

 

Please See: New Immigration Law Published for Mexico for more details.

(Soon to be out of date ) Abstract of Current Policies:
FMM, FM2, FM3, or Inmigrado?

What’s the best immigrant status for you?

How does Mexican Immigration work?

If you’re reading this, you’ve either chosen-to or are thinking-about moving to Mexico, and changing from 180 day FMMs (“tourist” or “business” visas) by applying for residency (FM2 or FM3 status).

Good for you!

Why? Mexico can be a great place to live, and now is an especially good time to make the change with the latest rule changes, plus, the staff at our local Merida INM office are very helpful, friendly, and easy to deal with.

Read the full article to learn about the differences how between FMMs, FM2s, FM3s, & Inmigrado status; how to apply for an FM2 or FM3; and also learn the benefits and requirements of immigrating to Mexico.

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Full text of article can be read at: (or access under Living in Yucatan (see header) )
https://yucalandia.wordpress.com/living-in-yucatan-mexico/moving-to-mexico-fmm-fm2-or-fm3/

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Feel free to copy while giving proper attribution: YucaLandia/Surviving Yucatan.
© Steven M. Fry

Read-on MacDuff . . .

Posted in Living in Mexico - Posts | 9 Comments

Bridging the Gaps. (Learning Maya)

Is it time to learn some Maya?

When we first visited the Yucatan peninsula in the early 1980s, we were warned that not many people spoke English, so, we should be prepared to rely on pigeon Spanish and well-honed charade skills.

Unfortunately, we found that reality was actually worse: if you got away from the hotel desk staff and waiters, many Yucatecans actually spoke Mayan as their first language and only a few knew a little street-Spanish. . . .

We’ve found many of our Mayan-speaking acquaintances actively avoid talking with obvious foreigners, because they’ve had many frustrating past experiences trying to mesh their embarrassingly weak street-Spanish with our even cruder NOB Spanish (NOB = North of the Border). As a result, these friends retreat into their shells when in the Big City, and they tend to only exchange brief glances and occasional shy smiles with NOB or white-skinned folk. In our experience, this creates an unnecessary divide. Is it time to bridge the gaps? . . .

Read the full article, and learn how to say “hello” “good bye” and a lot of other useful thing about family and friends.

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Full text of article can be read at: (or access under Living in Yucatan (see header) )
Bridging the Gaps (Learning Maya)

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© Steven M. Fry

Read-on MacDuff . . .

Posted in Living in Mexico - Posts | 4 Comments

Economic Recovery? The US Role in Worldwide Stagnation

More bumpy economic weather ahead?

or

Why the Markets fell last week?

This seems to be a good time to evaluate/assess what’s going on, since we’ve now gotten a bunch of key 1’st half of 2010 data to evaluate.

US GDP estimates have been lowered from 3% down to 2.7% and the investment markets slid nastily last week. Why?
================================================================
1. Mess in Greece: . . .
2. Cookie Jars Raided: . . .
3. Limited growth due to too much a) Debt and b) Remaining (hidden?) economic problems. . .
How deep are these holes? . . .
Congress & Obama’s biggest economic mistakes. . .
Financial Reform Bill. . .
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What do you-all think?

How does it tie in to Mexico and her economic future?
How does US/European stumbling affect Mexico and the economic futures for expats in Mexico?
Does a weaker US dollar mean a stronger Peso?
Are the brighter/stronger economies of Brasil, China, & India (11% – 12% projected 2010 growth) better indicators of Mexico’s economic future?
Is Mexico still (and inevitably?) in bed with the Elephant to the North?

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Full text of article can be read at:  (or access under Pesos, Politics, and Propaganda (see header) )
Economic Recovery? The US Role in Worldwide Stagnation

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Feel free to copy while giving proper attribution: YucaLandia/Surviving Yucatan.
© Steven M. Fry

Read-on MacDuff . . .

Posted in Uncategorized | 1 Comment

US Healthcare Insurance Requirements for US Expats

Many expats have been discussing the likely impacts of the recently passed US health-care legislation on people who live and work outside the USA. The law now requires that US Citizens meet several requirements to be exempt from getting health insurance or paying penalties: a foreign “tax home” and foreign residency.

Background: Under the new health care bill, Section 401 of Subtitle A requires all US citizens to obtain health care coverage. The penalties for failing to buy insurance are steep, up to 2.5% of AGI, capped at a threshold equal to the average premiums for health care available. Applicable penalties will be collected on the individual’s future tax returns.

Can you meet the US Govt’s requirements?
.    .    .
One final question remains:
Why is this article listed under Science & Health   vs.   Pesos, Politics & Propaganda?

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Full text of article can be read at:  (or access under Science, Tech and Health (see header) )
Health Care Insurance Requirements for US Expats
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Mexico: “Nothing can be organized but everything can be arranged…”
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© Steven M. Fry

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Posted in Uncategorized | 2 Comments

Economic IQ & Political Ideology

Econ Journal Watch reports some interesting findings from a 2008 survey of 4,835 American adults:    Economic Enlightenment …

The surveyors asked randomly selected adults a series of 8 questions to  determine correlations between economic knowledge and:

  • * 2008 presidential vote,
    * party affiliation,
    * voting participation,
    * race or ethnic group,
    * urban vs. rural,
    * religious affiliation,
    * religious participation,
    * union membership,
    * marital status,
    * membership in armed forces,
    * NASCAR fandom,
    * membership in the “investor class,”
    * patronage at Wal-Mart,
    * household income, and
    * gender.

Conclusions:
Economic “enlightenment” (basic knowledge) was found to have no correlation with going to college.**

In contrast, economic “enlightenment” (basic knowledge) was highly correlated with the participant’s self-identified political ideology. Progressives and Liberals scored very differently than Conservatives and Libertarians.

How did you rank on the questions?***

How did you characterize your political ideology?
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Full text of article can be read at: or access under Pesos, Politics & Propaganda (see header)
Economic IQ & Political Ideology
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Mexico: “Nothing can be organized but everything can be arranged…”
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Feel free to copy while giving proper attribution: YucaLandia/Surviving Yucatan.
© Steven M. Fry

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Satellite TV Information June 2 Update

Update:
The changeover from Echostar 7 to Echostar 14 at the 119W satellite position has continued to whack some US Dish Network clients with a big stick, eliminating access to many channels across much of Mexico, and now shifting local South Florida channels to spot beams.

Since Dish Network has shifted these local channels to spot beams, and the spot beam is so narrow (by design) that it is not received in Yucatan, then the only practical ways to get ABC, NBC, CBS, & Fox is to make some changes proposed in the full article.

For purely scientific reasons, we’d love for people from around North America report their locations, dish size, and 119W signal strengths by transponder number as things change over the next few weeks.

Reader feedback about Shaw Direct?

What a great hobby!
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Full text of article can be read at: or access under Science, Tech, & Health (see header)
Satellite TV Information June 2 Update
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© Steven M. Fry

Read-on MacDuff . . .

Posted in Uncategorized | 2 Comments

Satellite TV Info

Recent News:
The changeover from Echostar 7 to Echostar 14 at the 119W satellite position has whacked some US Dish Network clients with a big stick, eliminating access to many channels across much of Mexico.

After moving Echostar 14 satellite into position to replace the old Echostar 7 at 119W, last week Dish Network started tightening up their broadcast coverage, allowing less signal to bleed south into Mexico from their “new” 119W satellite. Details on equipment and what works are in the full article. What a hobby.

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Full text of article can be read at: or access under Science, Tech, & Health (see header)
Satellite TV Information
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© Steven M. Fry

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Salmonella & Parasite Food Contamination in Mexico

Montezuma’s Revenge?      Moctezuma’s Revenge?
Reasons to take antibiotics or OTC semi-annual parasite treatments?

Here are a few observations from nationwide studies conducted by the US CDC, NIH, Mexican hospitals, and Mexican Medical Schools suggest why both tourists and ex-pats NOB hygiene habits don’t work so well here in the Tropics. http://www.cdc.gov/eid/content/14/3/pdfs/429.pdf
http://www.journals.uchicago.edu/doi/abs/10.1086/498508

Over 40% of Yucatecans have no bathroom / septic system facilities,   25% are basically illiterate, and across Mexico:

Figure 1.http://www.cdc.gov/eid/content/14/3/images/07-1057_1b.gif  . . . (cont) . . .
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The full article can be read at: (or touch the “Science & Health” Header button)
Salmonella & Parasite Food Contamination in Mexico
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© Steven M. Fry

Read-on MacDuff . . .

Posted in Science & Health - Posts | 1 Comment

US – Mexico – China Oil Policies and the Peso

How many of us noticed Feb. 24, 2010?

“Linked In” reports nothing much of note: http://events.linkedin.com/2010-02-24

The Black Eyed Peas had a concert at Madison Square Garden.

Dilbert found new ways to report on American management practices:

The New York Times proclaimed that:
G.O.P. Expects Little From Health Forum

And a small blurb emanated from Abu Dhabi:
China passes US as top Saudi oil importer: energy secretary
by Staff Writers Abu Dhabi (AFP) Feb 24, 2010
http://www.energy-daily.com/reports/China_passes_US_as_top_Saudi_oil_importer_energy_secretary_999.html . . . (cont) . .

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Read the full article at: (or put your cursor over “Pesos, Politics & Propaganda” in this page’s Header)
US – Mexico – China Oil Policies and the Peso
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© Steven M. Fry

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Spanish – English False Cognates

Want to avoid embarrassing yourself?  Scan this list, and remember not to say:   “Yo soy muy embarazada!

Why use this list?   This list is a combination of lists that we have accumulated over the past 7 years, blended with the contents from 3 other websites,  making it a bit more comprehensive than any other list we at Yucalandia have found.

Absoluto vs Absolute(ly)   Absoluto is an interesting word.    Alone, it means absolute, utter, complete.   En Absoluto means not at all, by no means, no way.     Absolute = absoluto. Absolutely = absolutamente, completamente, totalmente. . . . (cont)
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Read the full article at: (or put your cursor over Living in Yucatan / Mexico in this page’s Header)
Spanish – English False Cognates
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© Steven M. Fry

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Genetic Changes In People with PTSD

People diagnosed with post-traumatic stress disorder (PTSD) have been found to have genetic changes in their DNA, making them different from healthy people, (see online May 3 in the Proceedings of the National Academy of Sciences). The researchers found that there were dramatic differences between the immune system genes and brain cell growth genes of people with PTSD and people who do not have PTSD.

These differences are reported to likely cause significant pathophysiologic and psychopathological problems in PTSD patients, specifically causing subsequent:

  • immune system dysfunction,
  • emotional changes,
  • hyperarousal, and
  • exaggerated startle responses to sound*    . . .  (cont)

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Read the full article at: (or put your cursor over Science & Health in Header)
Genetic Changes In People with PTSD
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© Steven M. Fry

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Killer Whale Genetics – Who’s Tastiest?

Are all orcas created equally?

Hey Honey, what’s for dinner tonight?
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What makes a species a species?
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Looks the same?
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Do dietary differences matter?
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What about the amount of interbreeding between groups with a supposed species?
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Range?
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Behavior of unique groups?
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Genetics?
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Nuclear DNA?
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Mitochondrial DNA?
Turns out for “killer whales”,     it’s all of the above. . . .(cont)
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Read the full article at: (or put your cursor over Science & Health in Header)
Killer Whale Genetics – Who’s Tastiest?
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© Steven M. Fry

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Prepare Your House for an Extended Absence

Things to do before leaving your home unoccupied in the Tropics:

This advice is geared to a typical NOB (North of the Border) owner who has a pool and pressurized water system (hydro-pneumatico)
1. Definitely drain the pool . . . (cont.)
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The full text of this article can be read at:
Prepare Your House for an Extended Absence
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© Steven M. Fry

Read-on MacDuff . . .

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Mexican Oil Production: Past, Present, Future

This article is a reply to some questions asked about the impacts of leaking deep water oil wells.

Here are the questions:
“. . .I am curious about about oil drilling off Mexico’s coast.   Would that be Pemex who is responsible for those sites or does Mexico have foreign operators for those?   Ultimately, who would be at fault in the event Mexico experiences such a disaster?”


In response, we offer some points on Current, Past & Future Issues with Oil Production in Mexico.  The information presented exceeds what is needed to answer the questions, because we’re interested in kicking around the ball with folks with discussions on:   the future of the Mexican economy & the future of the Peso – and these topics hinge heavily on Mexican oil production.

OP: “Would that be Pemex who is responsible for those sites or does Mexico have foreign operators for those?” . . . (cont)


http://www.theoildrum.com/node/2226
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The full text of this article can be read at:
Mexican Oil Production: Past, Present, Future

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Posted in Uncategorized | 3 Comments

Remote Control Rehab


Remote Control Rehab     a cheap and easy solution   to your Big Screen addiction?
Send a surrogate to Betty Ford in your place?
Sorry. . . . “…that dog won’t hunt…”

This rehab is for everyone out there who has a remote with a button or two that are either cranky or don’t work, here’s a solution that has bought at least another 2 years of life for this 16 year old TV remote.

The key problem with a dead or dying button (dying = you really have to mash it really hard or “just so”)   is  that the carbon contact on the underside of the well-used button has worn out.

Since the “Power” ,  “Volume”,  and “Channel Up & Down” get the most usage, they can be the first to go.   If you can turn on the TV with the buttons on the TV,  but you can still change TV channels by entering the Channel Numbers,  then the “Power” button’s carbon contact is worn out.   Occasionally the problem might be pop or food residues inside the remote, but usually it’s a worn-out contact. . . .(cont)

Screwdriver pointing to circuit board

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The full article can be read at: (or touch the “DIY Fixit” Header button)
Remote Control Rehab
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Feel free to copy with proper attribution:
YucaLandia/Surviving Yucatan.

© Steven M. Fry

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Read-on MacDuff . . .

My apologies to everyone who read this article hoping they could go through re-hab without going to a clinic –

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