Good News from Tamaulipas

Felipe Calderón announced a $300 million dollar investment in the state by the Korean company Posco, which will be upgrade its steel plant in Altamira. This is more evidence for the argument Bret Stephens was making last week about Mexico's recent economic performance being positive, despite all of the horrid coverage Mexico receives in the papers. I think there's a lot of truth to that, though Stephens is probably a bit too optimistic in his take on the economy, because if you look back to 2000 through 2008, the performance is rather middling.