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About 160,000 of New Mexico's lowest-paid workers will get a boost this year as a new state minimum wage of $6.50 an hour goes into effect today. Dec. 31 (Bloomberg) -- Mexico's peso headed for a second straight yearly decline as losses in bonds backed by U.S. subprime home loans led investors to shun higher-yielding securities. Dec. 31 (Bloomberg) -- Mexico said its farmers are ready to face competition from U.S. producers of corn, beans, sugar and milk when the markets open up to imports tomorrow as part of the North American Free Trade Agreement. Dec. 31 (Bloomberg) -- Yields on Mexico's 20-year bonds rose to their highest level since September 2006 at a local debt sale. The securities were sold to yield 8.28 percent, up from 8.13 percent at the prior auction last month, according to results posted by the central bank on its Web site. A more than 800 year old pyramid is discovered in Mexico City. (38 sec./1.41Mb, shows: 3)
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