Archive for the ‘Mexico’ Category

Mexico Passes 2015 Budget Revenue Bill After Oil Forecast Cut

| October 30th, 2014 | No Comments »

By Eric Martin and Brendan Case 

Mexico’s Congress passed the revenue side of next year’s budget after lowering its forecast for the price of oil to account for volatility in global crude prices.

The lower house today passed changes approved last night in the Senate, sending the bill to President Enrique Pena Nieto for enactment. The Senate Finance committee this week lowered its estimate for oil exported by Mexico next year to $79 a barrel from the $81 originally passed by the lower house earlier this month. The government had projected the price to be $82 in its budget proposal on Sept. 5.

Mexico is seeking to reduce the deficit in 2015 and erase it in coming years after increasing spending this year in an effort to boost an economy that grew 1.4 percent in 2013, the least since the 2009 recession. Pena Nieto also pushed through ... Read More

Mexico: Caught in the crossfire

| October 30th, 2014 | No Comments »
Financial Times

By Jude Webber

Their 43 expressionless faces stare out from a double-page advertisement by Mexico’s government in the national press. The banner headline reads: “Reward”.

But they are not the grainy photos of drug lords with prices on their heads. These underprivileged youths from a rural teacher-training college, missing and feared dead after clashes with local police on September 26 are, as activist priest Alejandro Solalinde says, the brutal reminder that “Mexico is sown with corpses”.

Despite a manhunt for the students and their abductors, the only clues appear to lead to mass graves on the hilltops outside the town of Iguala, 130km south of Mexico City. Residents say the area echoes at night with shots and screams. Pictures on social media of a body dumped in the street after the disappearances spread the horror worldwide: its bloodied face was stripped of skin and its eyes gouged out.

This is not “Mexico ... Read More

Andrew Selee: Bloodshed and resilience in Mexico

| October 29th, 2014 | No Comments »
Dallas News

By Andrew Selee

A few weeks ago, 43 students at a teachers college in Mexico’s southern state of Guerrero disappeared. From what we know so far, police in the city of Iguala handed them over to a local drug gang, affiliated with the mayor, and they were almost certainly killed.

Public authorities have yet to locate the graves where the students are buried, but in searching for them they have turned up several other mass graves that testify to the gruesome gangland war going on around the city over the past few years.

Mexicans have reacted with understandable horror and nationwide protests against the wave of violence that still simmers in many parts of their country. The political fallout so far has included Guerrero Gov. Angel Aguirre, who effectively stepped down under pressure.

To be fair, there has been a lot of good news ... Read More

Mexico’s State-Owned Oil Giant, Pemex, Is in Uncharted Waters

| October 29th, 2014 | No Comments »
The New York Times

By Elisabeth Malkin

LA MURALLA IV, Gulf of Mexico — The computer screens lining the bubblelike control room on this giant floating platform monitor pressure levels in a narrow shaft cut through bedrock to a reservoir of valuable natural gas three miles below sea level.

For six months, an international team hired by a contractor for Petróleos Mexicanos, Mexico’s state-owned oil monopoly, has been drilling an exploratory well here. Now, the work is nearly done. Drill pipes are stacked like sentries. An underwater robot has been pulled back up from the deep seafloor. A wireline sensor is gathering data to determine how much oil and gas lie below.

An operation like this would attract little attention in the northern part of the gulf, where dozens of deepwater platforms are part of the mosaic fueling America’s energy ... Read More

Opinion: Mexico’s uprising for the rule of law

| October 24th, 2014 | No Comments »

By Uta Thofern

Bit by bit, investigations are confirming what has been clear to everyone in Mexico for weeks. Of course the mayor of Iguala and his wife were behind the disappearance of the 43 student teachers. Of course these two local politicians had been hand in glove with local criminal gangs, who in turn were in league with the town’s police. The whole system could never have worked otherwise. How is a local mayor supposed to exercise power if he has no money to distribute, and no “narcos,” as the drug gangsters are known, to implement his interpretation of the law by force?

For most Mexicans, the results of the attorney general’s investigation were no surprise, because Iguala is not an isolated case. Encouraged by the extreme social inequality that still exists in Mexico, corruption is common at all levels of the administration. It is hardly surprising that police officers, too, ... Read More

In Mexico, an Embattled Governor Resigns

| October 24th, 2014 | No Comments »
The New York Times

By Randal C. Archibold

MEXICO CITY — The governor of the southern Mexico state where 43 college students have gone missing in a case that the authorities say has exposed the deep ties among local politicians, the police and organized crime stepped down on Thursday under pressure from his own party.

The governor, Ángel Aguirre of Guerrero State, agreed to leave his post after leaders of his party, the Party of the Democratic Revolution, publicly said they would otherwise try to push him out in order to quell growing civil unrest in the state.

On Wednesday, protesters burned the city hall of Iguala, where the students went missing on Sept. 26 after a violent clash with the police. Last week, the State Capitol building in Chilpancingo was heavily damaged by fire in demonstrations demanding that the ... Read More

Faltan las reformas estructurales… en seguridad

| October 24th, 2014 | No Comments »


Algo sucedió en la administración federal que la crisis de Iguala, que este fin de semana cumplirá ya un mes, dejó al gobierno paralizado durante días y rompió el ritmo, la imagen, el Mexican Moment del que tanto se habló después de la Reforma Energética y de la exitosa visita presidencial a Nueva York.

Es difícil entender por qué sorprendió la crisis de Iguala. No porque no se supiera de las relaciones de muchos presidentes municipales y policías estatales de la región con los grupos criminales. Tampoco nadie tendría que sorprenderse de que el gobernador Ángel Aguirre le haya fallado a las autoridades federales cuando le pidieron el mismo sábado 27 de septiembre que tuviera el control de la situación y no perdiera de vista al presidente municipal: las lealtades no son su fuerte, y en el PRI lo debería de saber mejor que nadie. Mucho menos tendría ... Read More

El gobierno de Peña parece pasmado

| October 23rd, 2014 | No Comments »


Si hay algo que se le puede reconocer al gobierno de Peña Nieto es la disciplina para ceñirse a una estrategia bien pensada. Gracias a eso lograron aprobar importantes reformas estructurales durante el primer tercio del sexenio. No se salieron del guión y eso fue factor clave de éxito. Pero hoy las circunstancias han cambiado y lo que ahora han demostrado es que no son buenos para improvisar. Se distinguieron para seguir a la perfección un libreto, pero han sido lentos para reaccionar si ocurre algo que no estaba planeado.

¿Dónde está el liderazgo del Presidente en estos días aciagos cuando miles de jóvenes salen a las calles demandando la aparición de los 43 normalistas desaparecidos? ¿Dónde están sus dos hombres fuertes del gabinete, los supersecretarios que nos tenían acostumbrados a defender con elocuencia las posturas gubernamentales? ¿Dónde está Miguel Ángel Osorio para estabilizar la grave situación ... Read More

Mexico’s Gulf Cartel Drug Kingpin Captured in Texas

| October 22nd, 2014 | No Comments »

By Laurel Brubaker Calkins

Oct. 22 (Bloomberg) –The head of Mexico’s Gulf Cartel drug trafficking ring was arrested by federal agents during a shopping trip in south Texas in the latest in a series of arrests this year on both sides of the U.S.-Mexico border.

The capture of Juan Francisco Saenz-Tamez, 23, on Oct. 9 follows that in February of Joaquin “El Chapo” Guzman, who was the world’s most-wanted drug boss and the alleged head of the Sinaloa drug cartel.

Hector Beltran Leyva, who allegedly took over a third cartel that bears his family name after his brother, Arturo, was gunned down by Mexican forces in 2009, was captured in a seafood restaurant without a shot fired in the central tourist town of San Miguel de Allende, Mexico’s Attorney General’s office said Oct. 1.

Mexican President Enrique Pena Nieto said in September that his administration’s security efforts have led to the capture or removal ... Read More

Mexico Offers Reward for Info on Missing Students

| October 21st, 2014 | No Comments »
ABC News

By Maria Verza

The Mexican government announced rewards Monday of 1.5 million pesos ($111,000) for information on 43 students from a rural teachers’ college who have been missing since Sept. 26.

The government ran full-page ads in Mexican newspapers with pictures of the 43 young men. The government also offered 1.5 million pesos for information on those who had abducted or killed the students.

The government says it still does not know what happened to the students of the radical teachers’ college, after they were rounded up by local police and allegedly handed over to gunmen from a drug cartel.

About 50 people have been arrested or detained in the case, including police officers and suspected members of the Guerreros Unidos cartel.

Analyses of remains found in mass graves have so far not matched the students.

As part of the effort to search for the students — which now includes, air, ground water-borne patrols — and ... Read More

Federal police take control of 13 towns in Mexico

| October 20th, 2014 | No Comments »
Yahoo News-01

By Maria Versa

MEXICO CITY (AP) — Federal police have taken control of 13 municipalities in southern Mexico where local police are suspected of links to organized crime and possibly to the case of 43 missing students, a top official said.

The municipalities are all within a roughly 125-mile (200-kilometer) radius of Iguala, the town where the students from a rural teachers’ college disappeared more than three weeks ago after a confrontation with police. Twelve of the municipalities are in Guerrero state and one is in Mexico state. Among them are the tourist destinations of Taxco and Ixtapan de la Sal.

National Security Commissioner Monte Alejandro Rubido said Sunday night that authorities investigating the disappearance of the students found “irregularities” and “presumed links to organized crime” in the 13 municipal police forces.

Federal police have assumed control of public security in the municipalities, the police chiefs have been sent to a ... Read More

Mexico students: Guerreros Unidos gang leader ‘arrested’

| October 18th, 2014 | No Comments »

Mexican authorities say they have captured the suspected leader of a criminal gang allegedly involved in the disappearance of 43 students.Sidronio Casarrubias Salgado is said to be the main leader of the Guerreros Unidos (United Warriors) gang.

The students, from a teaching college near Iguala in western Guerrero state, were last seen being bundled into police vehicles three weeks ago.

It came during clashes with police during a demonstration.

There have been demonstrations in support of the students across Mexico.

Mexico’s attorney general Jesus Murillo Karam said the arrest would open up new lines of investigation into what had happened to the students.

He added that 36 police officers and 27 members of Guerreros Unidos had already been arrested.

The mayor of Iguala, Jose Luis Abarca, is also being sought by police on organised crime charges along with his police chief.

The congress in the state of Guerrero has impeached the mayor.

On Friday, thousands of protesters marched ... Read More

Pacific Rubiales Gains on Pact With for Mexican Ventures

| October 18th, 2014 | No Comments »

By Andrew Willis

Pacific Rubiales Energy Corp. (PREC) signed an agreement with Petroleos Mexicanos to study oil and natural gas ventures as Mexico opens its energy sector to private investment for the first time in 76 years.

The Bogota- and Toronto-listed company entered into a three-year arrangement with state-owned Pemex to analyze potential projects including deep-water and onshore heavy oil ventures, Pacific Rubiales said today in a statement. The shares fell 1.7 percent to 29,200 pesos at the close of trading in Bogota after earlier surging as much as 7.9 percent.

“We expect Mexico will be a significant driver of future growth for Pacific Rubiales,” Chief Executive Officer Ronald Pantin said in the statement.

The former Petroleos de Venezuela SA executive is looking to Mexico’s energy liberalization for diversification as production growth slows at the company’s Colombian fields. Pacific Rubiales has more than $1 billion ready to invest in ... Read More

Pandemia mexicana

| October 17th, 2014 | No Comments »

Por José Manuel Suárez-Mier

No se había secado la tinta de mi última columna en la que comentaba la necedad de numerosos políticos de Estados Unidos de espantar a sus votantes con el inminente peligro de que terroristas islámicos invadirían su país desde México, cuando un alto mando de sus fuerzas armadas afirmó que el ébola llegaría desde nuestro país.

El general John F. Kelly, jefe del Comando Sur de las fuerzas armadas de Estados Unidos, responsable de monitorear los peligros que amenazan a su país desde América Latina y las Antillas, salió a decir que temía que inmigrantes del este de África, contaminados con el ébola, entraran ilegalmente por México.

Es realmente preocupante que un alto mando militar de la potencia bélica más poderosa del orbe diga tonterías de tal magnitud. ¿Cómo piensa el general Kelly que llegarán los ebólicos desde África a México: nadando? ¿Sabrá el comandante los muchos ... Read More

Latin America is a region plagued by incumbents

| October 17th, 2014 | No Comments »
Financial Times

By Daniel Lansberg-Rodriguez

Six weeks after falling for Marina Silva, pro-market souls (and the markets themselves) have bounced back, developing a new infatuation with the man who defeated her in Brazil’s presidential election. Propounding sensible policies and polling strongly, Aécio Neves will face off next month against Dilma Rousseff, Brazil’s formidable incumbent. He may yet prevail. Brazil’s anaemic projected growth, coupled with rising unemployment, should be fertile ground for any challenger. Yet if history is any guide there is only one thing Ms Rousseff needs to do for her re-election to be all but certain: run.

Incumbents have an advantage everywhere. They enjoy high visibility and voters tend to prefer the devil they know. Yet the record of sitting Latin American presidents is astonishing. No Brazilian president seeking immediate re-election has ever failed to attain it. As far back as the 19th century, only two governing presidents anywhere in Latin America – Nicaragua’s ... Read More

Rising Dragon? The Chinese Mafia Threat in Latin America

| October 16th, 2014 | No Comments »
From In Sight

By David Gagne

Chinese mafia operations in Latin America are little understood, but a recent report on these groups in Argentina illustrates how they make their presence felt via extortion, human smuggling rings, and the occasional murder. As China deepens its economic relationship with Latin America, it’s possible these mafias may become ever more prominent.

Authorities in Argentina have attributed 31 murders over the last five years, and four in 2014 alone, to seven Chinese mafias operating in the country, reported La Nacion. These mafias reportedly earn revenue by extorting businesses within the Chinese community, and resort to violence when owners do not comply with their demands.

In at least three of the 2014 cases, the victim did not appear to have been robbed, leading authorities to believe they were killed after running afoul of criminal groups in the Chinese community. According to La Nacion, the Chinese mafias (also known ... Read More

Terrible no reconocer la caída del precio del petróleo

| October 16th, 2014 | No Comments »


Los precios del petróleo van en picada. Y uno de los perdedores de este proceso es el gobierno mexicano —en sus tres niveles: federal, estatal y municipal— ya que un tercio de sus ingresos depende directamente de este producto. Si a eso sumamos que la producción de crudo en México también se está cayendo, pues las autoridades tienen un gran problema frente a ellos. Por lo pronto, siguen sin reconocerlo. Más que aceptar la realidad, están apostándole a un milagro.

Es el caso, al parecer, de los diputados quienes están por aprobar la Ley de Ingresos y el  Presupuesto del año que entra. La Secretaría de Hacienda les envió una propuesta de un precio promedio de 82 dólares por barril para 2015. Estamos hablando de seis dólares más de lo que se vendió la mezcla mexicana ayer (76 dólares por barril). De acuerdo con la ... Read More

Lost Students Not Among Bodies Found in Mexico, Officials Say

| October 15th, 2014 | No Comments »
The New York Times

By Randal C. Archibold

MEXICO CITY — The mystery of the whereabouts of 43 college students reported missing after an outbreak of violence in southern Mexico deepened Tuesday after the authorities said initial testing had shown that none of the students were among the 28 bodies found in mass graves.

At the same time, the authorities said they were checking newly found graves to see if the undetermined number of remains found were those of the students.

The students were reported missing on Sept. 26 after gunfire by the police and masked attackers left six dead and several wounded in the city of Iguala in Guerrero State. Three students, part of a large group collecting donations for school and then stealing buses to travel to an Oct. 2 demonstration protesting cuts to their state-financed teachers college, ... Read More

Mexico’s Deadly Narco-Politics

| October 10th, 2014 | No Comments »
The New York Times

By Ioan Grillo

IGUALA, Mexico — STUDENT protesters in rural Mexico have long dealt with heavy-handed police officers. But on the black night of Sept. 26, students who attended a rural teachers’ college realized they were facing a far worse menace in this southern city. Not only were police officers shooting haphazardly at them, killing three students and several passers-by; shady gunmen were also firing from the sidelines.

The next morning, the corpse of a student was dumped on a major street. He’d had his skin peeled off and his eyes gouged out. It was the mark of drug cartel assassins.

Soldiers and federal detectives detained two alleged cartel hit men, who confessed they had conspired with the police to murder students. They led troops to pits on the outskirts of Iguala containing 28 charred corpses. ... Read More

Arrest of Suspected Drug Lord in Mexico Is Seen as Symbolic Amid Police Scandal

| October 10th, 2014 | No Comments »
The New York Times

By Damien Cave

MEXICO CITY — Vicente Carrillo Fuentes was the mediocre heir, the authorities said. He never quite gained the fame or authority of his brother, Amado Carrillo Fuentes — the Juarez cartel’s late founder and the kingpin famous for both flying cocaine to the United States in jumbo jets and dying during failed plastic surgery in 1997.

Instead, Vicente was vicious. Mr. Carillo Fuentes, who was arrested Thursday by Mexican authorities in the northern city of Torreon, ran the Juarez ring with an eye for killing and a thirst for allies, according to American and Mexican officials who have been pursuing him for 14 years.

His was the era when the battle between the Juarez and Sinaloa cartels made Ciudad Juárez as bloody and violent as a war zone. And yet at this point, ... Read More

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