Things That Matter

Mexican Authorities Are Investigating How Two Thieves Managed To Steal $2.5 Million Of Gold Coins From The Mexican Mint

A crime you would expect to see out a movie has made waves throughout Mexico. Officials in Mexico claim that thieves made their way into the Mexican mint and stole more than 1,500 gold coins valued at $2.5 million USD. The crime, while still unsolved, is capturing everyone’s imagination.

Mexican authorities are seeking thieves who managed to pull off a movie-level heist.

Authorities say that thieves broke into the Mexican mint, knocked a guard to the ground, took the guard’s gun, and robbed a vault of more than 1,500 gold coins. The details of the heist have left everyone puzzled, and a little skeptical about what really went down.

A lot of people have questions about what the guard was doing that allowed the thieves to make out with the coins.

Credit: @KTLA / Twitter

According to CNN, the guards and two staff members that were working during the time of the robbery were not following protocol. Since they were not following protocol, they were all taken aside for questioning to determine what happened that led to such a massive heist taking place.

Some people feel like the robbers had some inspiration by way of “Money Heist” on Netflix.

Credit: @Caddyshark / Twitter

Honestly, if a Netflix movie could give someone the inspiration to rob a mint, is incredible. Like, how likely is it really that a little film could encourage two people to rob a mint?

But, more importantly, people are certain that is was actually an inside job.

Credit: @steven2472 / Twitter

There are reports that the vault was left open at the time of the robbery. That is some impressive luck if the robbers showed up to a robbery only to find that the vault is open. All that is left to do is wait and see how this all shakes down.

READ: A Black Woman And Her Fiancé Sadly Had Their Proposal Interrupted By Racists Who Refused To Check White Customers

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Investing Latina’s CEO Is Here To Tell You The Best Ways To Save You Money

Fierce

Investing Latina’s CEO Is Here To Tell You The Best Ways To Save You Money

investinglatina / Instagram

Saving money and investing it properly is tough. It is hard to know where to take your money to make the most of it. Fortunately, FIERCE is here with another chat with a money queen to make sure that you get the most of your money.

Jully-Alma Taveras is here to help you reach your money-saving goals.

Saving money is tough. How much should you set aside? Where do you keep it to make sure it is safe? When should you start? Taveras started Investing Latina two years ago to help people figure out the best way to start their savings journey. There are a lot of things to save for from retirement to big purchases to emergencies. Here is some of what Taveras had to say when our very own Sam sat down with her.

Sam: “Let’s talk about savings. What would you recommend people do to start saving today?”

Jully-Alma Taveras: “Savings is kind of the beginning of it all, right? It’s kind of where we start laying down the bricks and foundation to our financial house. When I say laying down bricks, that’s really what I mean. I mean that they are small and heavy but they build up. That’s exactly how you have to think about how you start saving. It really starts small. Nobody starts with $10,000 in their savings account. Nobody. Everybody starts putting in $25 per week. Fifty dollars per month. Whatever it is that you can do. You have to be able to just kind of put it aside.

“I always recommend using a savings account first. Your core savings account at a bank that you can easily access if you needed to access your savings and then having a bulb of savings to a high-yield saving account so that you can also use the technology that exists right now with high-yield savings accounts. You can have little envelopes so you are saving for designated things. You can save for specific goals.

“I think that when it comes to savings, you really do have to set a big goal for yourself, and then you kind of start working backward. Then you’re like, ‘Okay. My goal is to save $10,000 in 2021. That’s what I want to get to. I want to be able to have my 1,000 immediate little emergency need savings account with just $1,000 and then I want to have the rest into a high-yield savings account where I can really start building my money confidence. That’s what happens when we start saving money.”

S: “One of the things I know that we started chatting about was high-yield savings accounts. Can you go into some more details about what exactly that is for everyone?”

JAT: “When we talk about a high-yield savings account, it really is a way for you to put savings into a bank or institution, or nowadays it’s really just an app sometimes. You put it in a place,  secure place that’s FDIC-insured place, where you can get a higher interest rate than what typical savings accounts offer. When you open up a checking account, you’re automatically, or usually going to get the option of opening a savings account with our bank. The retail banks that we typically use, the ones that we can walk into, that we can have ATM cards you can easily access and have teller access are usually positioning themselves where they offer retail services.

“What happens with that is that they don’t give you a lot for holding onto your money. They’ll offer something like a free checking account or a free savings account. They won’t charge you for it depending on what category you’re in, especially teens or if you are in school. You can definitely get a free checking account. But, they won’t give a higher interest rate than likely .02 percent. What a high-yield savings account offers is a higher interest rate. These are usually with banks that you don’t normally see as you walk down Main Street in your neighborhood. We aren’t talking about the Chases the TD Banks the Citi Banks, right? These banks that we know and are familiar with because we see them on Main Street. We see them in our neighborhoods. They’re not typically going to have a high-yield savings account. They want you to just use their services, their savings accounts, and their checking accounts. That’s it and they’re just going to be happy holding on to your money while you transact and do what you have to do with your money.

“With high-yield savings accounts, those are typically going to be with banks that don’t have retail stores. Some examples are Marcus by Goldman Sachs. SoFi, which is one of my favorites because of the tech that they’ve implemented in their app and their website. Ally Bank. These are banks that we typically won’t see actual physical banks of but they do exist online.

“What they do, mechanically, just so you kind of understand what happens when you put money into a high-yield savings account, is truly, they’re actually, putting all of our money together and they’re kind of investing our money behind the scenes. That’s what happens. You have the security of your digitized dollars and you will never lose it because it’s not an investment account.

“That’s basically what’s happening. Just so you know. You can feel safe that your money is there. It’s FDIC insured or it is completely insured up to the $250,000. That’s typically what we get insurance on. Then you also make a little extra so you make a couple of dollars every month.”

Taveras has so much more to say about saving and investing. Watch the full video below!

READ: In The First Episode Of FIERCE’s ‘Money Moves,’ We Explore The All-Important Budget

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Mexico’s AMLO Wants To Launch New Social Media Network For Mexicans After Twitter Banned Trump

Things That Matter

Mexico’s AMLO Wants To Launch New Social Media Network For Mexicans After Twitter Banned Trump

Hector Vivas / Getty Images

Love him or hate him, Mexico’s President Andres Manuel López Obrador (AMLO) has long called himself the voice of the people – and many Mexicans agree with him. That’s why his latest announcement against social media companies has many so worried.

In the wake of Twitter and Facebook’s (along with many other social media platforms) announcement that they would be restricting or banning Donald Trump from their platforms, the Mexican president expressed his contempt for the decisions. And his intention to create a Mexican social network that won’t be held to the standards from Silicon Valley.

Mexico’s AMLO moves to create a social media network for Mexicans outside of Silicon Valley’s control.

A week after his United States counterpart was kicked off Facebook and Twitter, President López Obrador floated the idea of creating a national social media network to avoid the possibility of Mexicans being censored.

Speaking at his daily news conference, AMLO instructed the National Council of Science and Technology (Conacyt) and other government departments to look at the possibility of creating a state-owned social media site that would guarantee freedom of speech in Mexico.

“We care about freedom a lot, it’s an issue that’s going to be addressed by us,” he told reporters. He also added that Facebook and Twitter have become “global institutions of censorship,” sounding a lot like the alt-right terrorists that stormed the U.S. Capitol.

“To guarantee freedom, for freedom, so there’s no censorship in Mexico. We want a country without censorship. Mexico must be a country of freedom. This is a commitment we have,” he told reporters.

AMLO deeply criticized the moves by Twitter and Facebook to ban Trump from their platforms.

Credit: Hector Vivas / Getty Images

AMLO – like Trump – is an avid user of social media to connect with his constituents. He’s also been known to spread falsehoods and boast about his achievements on the platforms – sound familiar?

So, it came as little surprise when he tore into social media companies for ‘censoring’ Donald Trump, saying that they have turned into “global institutions of censorship” and are carrying out a “holy inquisition.”

Nobody has the right to silence citizens even if their views are unpopular, López Obrador said. Even if the words used by Trump provoked a violent attack against his own government.

“Since they took these decisions [to suspend Trump], the Statue of Liberty has been turning green with anger because it doesn’t want to become an empty symbol,” he quipped.

So what could a Mexican social media network be called?

The president’s proposal to create a national social media network triggered chatter about what such a site would or should be called. One Twitter user suggested Facemex or Twitmex, apparently taking his inspiration from the state oil company Pemex.

The newspaper Milenio came up with three alternative names and logos for uniquely Mexican sites, suggesting that a Mexican version of Facebook could be called Facebookóatl (inspired by the Aztec feathered-serpent god Quetzalcóatl), Twitter could become Twitterlopochtli (a riff on the name of Aztec war, sun and human deity Huitzilopochtli) and Instagram could become Instagratlán (tlán, which in the Náhuatl language means place near an abundance of something – deer, for example, in the case of Mazatlán – is a common suffix in Mexican place names.)

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