Mexican Congress allows foreign investment in oil giant PEMEX

Oct 282008
 
 28/10/2008  Posted by PMC at 23:53 on 28/10/2008 1 Response »
Mexican Congress allows foreign investment in oil giant PEMEX

<h4>Lawmakers defy AMLO leftists protesting measures supporters say will overhaul industry as production declines</h4>  Ignoring thousands of left-wing demonstrators. lawmakers Tuesday and passed constitutional reforms aimed at allowing foreigners limited investment in Mexico’s vulnerable petroleum industry. After debating over the protests of leftist legislators who had taken over the podium in the Chamber of Deputies, the lawmakers passed the measures 395-82. “With this reform the national economy wins; all Mexicans win,” President Felipe Calderon said in a nationally televised message several hours after the vote. “And it’s particularly important that Mexicans have reached agreement at a time when the world ….Read More

US Consulate in Monterrey attacked with guns and grenade

Oct 132008
 
 13/10/2008  Posted by PMC at 16:00 on 13/10/2008 Comments Off
US Consulate in Monterrey attacked with guns and grenade

Unknown gunmen shot at the US Consulate in Monterrey and threw a grenade at the building, which did not explode. No one was injured according to a Consulate spokesman. Two unidentified men approached the US Consulate General. One of them fired several times hitting the gates and a window. The second man threw a hand grenade which did not explode because the man forgot to pull the pin, according to the statement issued concerning Sunday mornings incident. Six bullet casings from the pistol were found at the scene. Local Police and US Federal investigators scoured the scene looking for more ….Read More

Panic selling drives Mexican peso above 13-per-dollar mark

Oct 102008
 
 10/10/2008  Posted by PMC at 11:34 on 10/10/2008 Comments Off
Panic selling drives Mexican peso above 13-per-dollar mark

Traders are falling over themselves this week to unload Mexico’s currency, on fears that a U.S. economic downturn would savage Mexico’s economy. The peso plunged to nearly 13.2 per dollar on Thursday from 12.3 on Wednesday and 10.9 at the end of September. The latest dive has occurred despite heavy intervention by Mexico’s central bank to stem the rout. It’s the peso’s biggest drop in value since the country’s 1994 devaluation. This is panic behavior,” said Alberto Bernal, head of emerging-markets research at Bulltick Capital Markets in Miami. “It has nothing to do with Mexico and everything to do with ….Read More

Mexican drug initiative – Rehab for users, harsher penalties for dealers

Oct 042008
 
 04/10/2008  Posted by PMC at 08:34 on 04/10/2008 Comments Off
Mexican drug initiative - Rehab for users, harsher penalties for dealers

Turning to Mexico’s increasing narcotics consumption, President Felipe Calderon has proposed stiffer penalties for small-time drug dealers while suspending punishment for addicts who agree to enter rehabilitation. “Drugs are the slavery of this century,” Calderon said in a speech Friday. “Criminals seek to make slaves of children and youths. They seek to place drugs, sometimes free of charge, in schools, in neighborhoods, to create addictions, to generate dependency.” Calderon’s initiative, part of a package of proposals aimed at bolstering his offensive against the country’s powerful drug traffickers, also includes procedures for cleaning up Mexico’s police forces and getting them to ….Read More

Mexico’s 10 percent plan for guns

Sep 242008
 
 24/09/2008  Posted by PMC at 07:44 on 24/09/2008 Comments Off
Mexico's 10 percent plan for guns

“What’s clear, as we have often told many lawmakers in the U.S. Congress, is that the Second Amendment was not designed to arm criminal groups overseas, as is in fact occurring,” Medina said, referring to the amendment in the U.S. Constitution on the right to bear arms.

In Mexico, trailers over 46′ to be restricted to toll road

Sep 112008
 
 11/09/2008  Posted by PMC at 23:07 on 11/09/2008 Comments Off
In Mexico, trailers over 46' to be restricted to toll road

The Secretary of Communications and Transportation (SCT) announced the immediate prohibition of trucks pulling trailers in access of 46 feet, effectively putting all of the Nuevo Laredo to Monterrey freight movements onto the toll road. In the past, Mexican truckers have opted to take the “free road” to save on tolls that begin at $58.00 for a truck pulling a 53′ trailer. Exceptions are when the shipper agrees to the additional charges to be included in the rate of haul. Luis Roberto Moreno Sesma, Nuevo Laredo manager for CANACAR (the Mexican counterpart to OOIDA and about as effective) immediately asked ….Read More

Hundreds of thousands of Mexicans protest crime nationwide

Aug 302008
 
 30/08/2008  Posted by PMC at 22:06 on 30/08/2008 Comments Off
Hundreds of thousands of Mexicans protest crime nationwide

Hundreds of thousands of frustrated Mexicans, many carrying pictures of kidnapped loved ones, marched across the country Saturday to demand government action against a relentless tide of killings, abductions and shootouts. The mass candlelight protests were a challenge to the government of President Felipe Calderon, who has made fighting crime a priority and deployed more than 25,000 soldiers and federal police to wrest territory from powerful drug cartels. Cries of “enough” and “long live Mexico” rose up from sea of white-clad demonstrators filling Mexico City’s enormous Zocalo square. The protesters held candles twinkling in the darkness as they sang the ….Read More

Nuevo Laredo Municipal Police detained while helping pregnant US citizen

Aug 222008
 
 22/08/2008  Posted by PMC at 12:31 on 22/08/2008 1 Response »
Nuevo Laredo Municipal Police detained while helping pregnant US citizen

Eight Policemen of the Directorate of Public Safety, (Policia Municipal) were detained last night by US Customs Agents, after giving assistance to an American Citizen who was about to give birth in Nuevo Laredo. Shortly before 2000 hours last night, officers assigned to patrol unit SC-111 were on routine patrol in the central business district when they observed and American citizen calling for help. Santa Villegas, 20, was sitting in one of the benches of the Plaza Juarez in the first stages of delivering a baby.

Former President Vicente Fox – Champion of Democratic Values

Aug 222008
 
 22/08/2008  Posted by PMC at 00:58 on 22/08/2008 3 Responses »
Former President Vicente Fox - Champion of Democratic Values

SAN CRISTOBAL, Mexico – Eighteen months after leaving office, former President Vicente Fox is taking a page from Jimmy Carter’s playbook and engineering his legacy as a champion of democratic values and government transparency at home and abroad. In a wide-ranging interview at his ranch near historic Guanajuato, Fox discussed his new projects and chided the United States for abdicating its role as global leader, questioned presumptive Democratic presidential nominee Barack Obama’s position on free trade and dismissed Venezuelan President Hugo Chavez as “a loudmouth.” The United States no longer initiates ambitious projects such as the Marshall Plan that rebuilt ….Read More

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