{"id":2090104,"date":"2023-11-04T13:45:42","date_gmt":"2023-11-04T17:45:42","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mexico-offers-interest-subsidies-but-no-loans-to-acapulco-hotels-amid-hurricane-otis-devastation\/"},"modified":"2023-11-04T13:49:21","modified_gmt":"2023-11-04T17:49:21","slug":"mexico-offers-interest-subsidies-but-no-loans-to-acapulco-hotels-amid-hurricane-otis-devastation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mexico-offers-interest-subsidies-but-no-loans-to-acapulco-hotels-amid-hurricane-otis-devastation\/","title":{"rendered":"Mexico provides interest subsidies to Acapulco hotels after Hurricane Otis, but no loans offered."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmexico-offers-interest-subsidies-but-no-loans-to-acapulco-hotels-amid-hurricane-otis-devastation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2090104&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">(Photo by\u200c FRANCISCO ROBLES\/AFP via Getty Images)<\/figcaption><\/figure>\n<h2>OAN\u2019s Stephanie Stahl<\/h2>\n<p>10:37 AM \u2013 Saturday, November 4, 2023    <\/p>\n<p>Hurricane\u2062 Otis wreaked havoc\u200d on Acapulco, a renowned Mexican tourist city,\u2064 last week.\u2064 The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mexico-offers-interest-subsidies-but-no-loans-to-acapulco-hotels-amid-hurricane-otis-devastation\/\" title=\"Mexico provides interest subsidies to Acapulco hotels after Hurricane Otis, but no loans offered.\">storm\u2064 caused approximately 100 fatalities<\/a> and widespread devastation that may pose significant challenges for recovery efforts. To\u200d <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/conservative-group-to-debut-ad-opposing-ukraine-aid-during-rnc-debate-preshow\/\" title=\"Conservative group to unveil anti-Ukraine aid ad at RNC debate pre-show.\">make matters \u2064worse<\/a>, \u2064Mexico&#8217;s \u2064president has announced that hotels will not \u200breceive loans \u2063for rebuilding.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<h3>Hurricane Otis: A Category 5 Disaster<\/h3>\n<p>On October 25<sup>th<\/sup>, Hurricane Otis\u2062 made\u200c landfall on Mexico&#8217;s southern Pacific coast, unleashing its fury as a\u2064 Category 5 storm with sustained winds of 165 mph. This marked the strongest \u2062hurricane ever recorded on the Pacific side of \u2064Mexico,\u2062 according\u200c to the National\u2062 Hurricane Center.<\/p>\n<p>Experts estimate that the damage caused by Hurricane Otis could\u2064 amount to a staggering\u2062 $15 billion,\u200b affecting hotels, homes, and other structures.<\/p>\n<h3>Government Support Falls\u200c Short<\/h3>\n<p>The Mexican government has declared its intention to cover half of \u2064the\u2064 interest\u200b rates on bank loans aimed at assisting \u2064the reconstruction\u2062 of approximately 377 severely damaged hotels. However, President Andr\u00e9s \u2063Manuel L\u00f3pez Obrador clarified \u2063that government loans would not be\u200c extended to the hotels, which are the economic backbone of the region.<\/p>\n<p>With \u2062the \u200dhotels facing financial \u2063difficulties and requiring extensive renovations,\u200d it remains uncertain whether private banks will step in to\u200c provide the\u200b necessary \u2064financial assistance.<\/p>\n<h3>A \u2063Glimmer of Hope<\/h3>\n<p>Despite the \u200bchallenges, L\u00f3pez Obrador has unveiled a $3.4 billion relief package for Acapulco. \u200cThis funding will be allocated\u200b to various initiatives, including compensation for damaged homes, temporary employment programs,\u2062 and \u2064several months of free electricity for residents.<\/p>\n<p>The\u2064 government \u2062also plans to construct barracks for National Guard troops in\u200c Acapulco,\u2062 aiming\u200d to enhance security in the city. This \u2062move comes after widespread looting\u200b occurred in the aftermath of the hurricane, despite the presence of Guard\u200d officers.<\/p>\n<h3>Struggles Amidst Tradition<\/h3>\n<p>While some residents were \u200dunable to participate in their customary Day of the Dead observances due to the aftermath of\u2064 Hurricane Otis, others like Nelly Valadez, an Acapulco\u2064 resident, remained committed\u200d to \u200dhonoring their departed loved ones. Valadez, who had limited access to electricity since the hurricane, \u200cset up an \u200baltar in her home with marigolds and candles to pay tribute to her late husband and mother.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cIt\u2019s very challenging due to the lack of employment and\u2064 income, \u200bbut I couldn\u2019t \u2062let these days pass \u2063without paying \u2063tribute to those who have passed away, \u200bsuch\u200b as my husband and mother,\u201d she expressed.<\/p>\n<\/blockquote>\n<p>Stay informed! Receive breaking news blasts directly to your inbox\u200c for free. Subscribe here. <a href=\"https:\/\/www.oann.com\/alerts\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\tShare this \u200dpost!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>One California resident who was visiting family\u2063 in Israel, \u200cattended the music festival , where more than 200 people\u2064 were massacred by Hamas. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Critical Race Theory continues to infiltrate \u2064school districts across the country. But some \u200dare \u2062standing \u200cup to CRT. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>As Democrats \u2063seek to\u2063 prosecute Republicans \u2062for contesting\u200d the 2020 election, the party admits that fraud \u2064has recently occurred across numerous states in recent\u200b months. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Virginia and New Jersey will head to the polls\u200c Tuesday to\u200d determine the makeup of their state legislative \u2062chambers. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The British PM championed a series\u2064 of\u2063 landmark agreements after the first AI \u2064safety summit, but\u2064 a global plan for\u2063 overseeing the technology \u200dremains a long \u200dway off.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Elon Musk\u2019s artificial intelligence \u2063startup xAI will \u2064release its first AI model to a\u2062 select group\u200d on Saturday.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>PayPal added nearly $4 billion to its market value after a\u2062 pledge\u2063 to turn \u201cleaner\u201d fired up investors.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>China\u2019s most\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-seeks-to-block-jetblues-spirit-airlines-deal-at-trial\/\" title=\"US aims to prevent JetBlue's acquisition of Spirit Airlines through legal proceedings.\">popular social media platforms announced<\/a> that \u201cself-media\u201d accounts with more than 500,000 \u200dfollowers will be asked to display real-name information<\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> How do \u2062the construction of\u200c barracks for National Guard troops\u2064 aim to restore law and order in\u2063 Acapulco\u2064 after the \u2063hurricane<\/h2>\n<p><span>  Ree. \u200dSign up at www.newswebsite.com.<\/p>\n<h3>The\u200d Road to Recovery<\/h3>\n<p>Rebuilding after Hurricane Otis \u2063will be a long and arduous\u200c process for\u2062 the residents and businesses of Acapulco. The lack of government support for rebuilding hotels, which are \u200cvital to\u2062 the city&#8217;s economy, poses a significant challenge. Private\u200c banks will need to \u2062step in\u2062 and provide financial assistance to ensure the restoration of the tourism industry.<\/p>\n<p>However,\u2064 there is hope in \u2062the form of\u2063 the\u2063 $3.4 billion relief\u2064 package \u200dannounced \u2063by President L\u00f3pez Obrador. This funding will help\u2062 compensate\u2062 damaged homes, provide temporary employment, and \u200boffer free electricity \u2062to residents,\u200b easing some \u200bof the burden\u200b caused by\u2063 the hurricane.<\/p>\n<p>Additionally, the construction of barracks for National Guard troops aims to\u2063 enhance security and prevent further looting\u200b incidents.\u2063 The presence\u2062 of Guard officers during the aftermath\u200d of Hurricane Otis did\u200d not\u2063 deter criminal activities, but with the\u2062 new barracks, the government\u200b hopes\u2062 to restore law and order \u2064in the city.<\/p>\n<p>Despite the challenges faced by Acapulco, the\u2062 resilience of its residents is evident. Nelly\u200b Valadez, who \u2062was unable to participate in \u2064traditional observances due \u200bto\u200c the hurricane, found a way to honor \u200bher departed \u200bloved \u200cones.\u2062 This spirit of perseverance is a\u2062 testament to\u2062 the strength of the community in the face\u200b of \u200cadversity.<\/p>\n<h3>Conclusion<\/h3>\n<p>Hurricane Otis left a trail \u200bof \u200bdevastation\u200b in \u200dAcapulco, causing \u2063loss of lives and extensive damage. The lack of government support for rebuilding hotels exacerbates\u200d the challenges faced by the city&#8217;s economy. However, \u200bwith \u200cthe\u200c relief package announced by President L\u00f3pez Obrador, there is\u2062 a glimmer of hope \u2063for the \u200bresidents of Acapulco.<\/p>\n<p>The \u2064road to recovery will be long \u200dand difficult, but the determination and resilience of the community\u200c will undoubtedly contribute\u2062 to the\u200b rebuilding efforts. Acapulco will rise again, stronger than ever, \u200dand reclaim its position\u200c as a renowned \u200ctourist destination.<\/p>\n<p>Stay tuned for more updates on the recovery efforts \u2063in Acapulco. <\/p>\n<\/div>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>recover. Hurricane Otis caused significant damage in Acapulco, claiming around 100 lives and leaving behind extensive destruction. Mexico&#8217;s president declared that hotels would not receive financial assistance, making it challenging for the city to recover from the disaster.<\/p>\n","protected":false},"author":2416,"featured_media":2090105,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2090104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2090104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2416"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2090104"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2090104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2090105"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2090104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2090104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2090104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}