JERRY JONES CALLS OUT REPORT
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NAFTA
ZAPATA, TEXAS
Christmas Parade set for Thursday, Dec. 7 ZAPATA TIME S
David Maung / Bloomberg
A CBP officer signals a truck entering from Mexico at a border crossing in San Diego. Negotiators resume talks Wednesday under the unnerving possibility that the $1 trillion trade pact will unravel completely taking the Mexican peso and Canadian dollar down with it.
Thinking the unthinkable Officials prepare for trade pack doomsday as talks resume
All businesses, churches, clubs, schools, organizations and elected officials in Zapata are invited to participate in this year's
Christmas Parade. The parade and lighting of the county plaza is set for Thursday, Dec. 7. The parade lineup is set for 5 p.m. at Glenn Street and 17th Avenue behind Our
Lady of Lourdes Catholic Church. All entries must be in line no later than 5:30 p.m. The parade will start promptly at 6 p.m. and proceed on 17th Avenue
and head south on U.S. 83, taking a left on 6th Avenue to end the parade. Trophies will be awarded for the top three best decorated floats. Parade continues on A8
SOUTH TEXAS COLLEGE CONSORTIUM
LCC SPEARHEADS LEADERSHIP SUMMIT
By Justin Villamil and Katherine Greifeld B L OOMBE RG NEWS
Lurking around the North American Free Trade Agreement negotiations that resume Wednesday is a small yet unnerving possibility: The $1 trillion trade pact unravels completely, taking the Mexican peso and Canadian dollar down with it. “There’s about a 10 percent chance that one side completely walks away,” said Shawn Snyder, head of investment strategy at Citi Personal Wealth Management in New York. “That would be a significant event.” The peso would slide 11 percent against the dollar if NAFTA collapses, according to Banco Bilbao Vizcaya Argentaria, among the currency’s top three forecasters this year. JPMorgan Chase & Co. says the loonie could swoon as much as 8 percent from current levels. Granted, most analysts take a far more sanguine view. The median forecast among strategists tracked by Bloomberg is for both currencies to actually strengthen more than 4 percent each by the end of next year. The peso will probably gain to 18.3 per U.S. dollar from 19.15 now, while the loonie may advance to 1.22 from 1.27, according to the estimates. Yet the peso is particularly susceptible to jitters about NAFTA, a treaty in place for almost a quarter century that covers about $1 trillion in total U.S. trade with Canada and Mexico. On Aug. 28, the day after President Donald Trump tweeted that NAFTA was the “worst trade deal ever made,” the peso dropped 1.4 percent -- more than any other currency in the world. It plummeted 8.7 percent the week he was elected president. The peso and the loonie each rose less than 0.5 percent as of 11:54 a.m. New York time today. Here’s what analysts are saying: Citi’s Snyder: * “People just assume that it’s going to be fine, because I don’t think they can fathom the idea of it not working out. Canada and Mexico are starting to prepare for the idea that they have to walk away from it, but I don’t think they will.” * “Eventually they’ll come to some sort of agreement, but right now, it’s not progressing that well.” Tom Nakamura, a money manager at AGF Investments Inc. in Toronto: * “If talks break down and the possibility of NAFTA continues on A10
LCC / Courtesy photo
Local and statewide educational leaders sign an agreement of cooperation regarding Hispanic male student success. Pictured, from left, is Zapata County ISD Superintendent Carlos Gonzalez, United ISD Associate Superintendent for Curriculum and Instruction David H. Gonzalez, Southwest Texas Junior College President Hector Gonzales, South Texas College President Shirley Reed, LCC President Ricardo J. Solis, Del Mar College President Mark Escamilla, Laredo ISD Superintendent Sylvia Rios, and Texas A&M International University President Pablo Arenaz.
Officials pledge commitment to student success in higher education SPECIAL TO THE TIME S
ZCISD Superintendent Carlos Gonzalez was among the local and regional educational institution leaders from across the state who convened at Laredo Community College to pledge their commitment to student success in higher education with the signing of two key agreements of cooperation on Friday, Nov. 10 at the college's historic Fort McIntosh Campus. During the first agreement, each of the partnering institutions agreed to share best practices as it relates to student success in
the classroom, as well as fostering open dialogue and discussion regarding Hispanic male student success. Joining LCC President Ricardo J. Solis in the signing of this crucial imperative were college presidents and school superintendents, including Mark Escamilla - Del Mar College president, Hector Gonzales - Southwest Texas Junior College president, Shirley Reed - South Texas College president, Pablo Arenaz Texas A&M International University president, Carlos Gonzalez - Zapata LCC continues on A10
LCC / Courtesy photo
A second agreement of cooperation was signed between Del Mar College President Mark Escamilla, South Texas College President Shirley Reed, Southwest Texas Junior College President Hector Gonzales, and LCC President Ricardo J. Solis to commemorate a new South Texas College Consortium partnership. The partnering institutions are working on several innovative workforce programs for regional and border economic development.
WORLD ENERGY OUTLOOK
Report: Shale boom is the biggest in history U.S. to dominate global oil, gas markets for many years By Grant Smith BL O O MBE RG
The U.S. will be a dominant force in global oil and gas markets for many years to come as the shale boom becomes the biggest supply surge in history, the International Energy Agency predicted. By 2025, the growth in American oil production will equal that achieved by Saudi Arabia at the height of its expansion, and increases in natural gas will surpass those of the former Soviet Union, the agency said in its annual World Ener-
gy Outlook. The boom will turn the U.S., still among the biggest oil importers, into a net exporter of fossil fuels. “The United States will be the undisputed leader of global oil and gas markets for decades to come,” IEA Executive Director Fatih Birol said Tuesday in an interview with Bloomberg television. “There’s big growth coming from shale oil, and as such there’ll be a big difference between the U.S. and other producers.” The agency raised estimates for the amount of shale oil that can be tech-
nically recovered by about 30 percent to 105 billion barrels. Forecasts for shale-oil output in 2025 were bolstered by 34 percent to 9 million barrels a day. The U.S. industry “has emerged from its trial-by-fire as a leaner and hungrier version of its former self, remarkably resilient and reacting to any sign of higher prices caused by OPEC’s return to active market management,” the IEA said. While oil prices have recovered to a two-year high above $60 a barrel, they’re Shale continues on A8
Spencer Platt / Getty Images
A man fills his car up with gas at a station on Tuesday in New York City. According to a new report by the International Energy Agency, (IEA) global oil demand will fall only slightly alongside the predicted rise in electric vehicles over the next two decades.