Top Stories for September 21, 2014

Mexico boosts security in Los Cabos after looking in wake of hurricane

Associated Press

Federal police on Thursday vowed to restore order in the hurricane-stricken resort area of Los Cabos after looting emptied store shelves and unnerved residents who worried their homes could be next.

Enrique Galindo, national commissioner of the Federal Police, said seven people, two of them carrying firearms, had been detained on suspicion of attempted looting. He said police would aggressively enforce the law.

There were reports of gunfire during Wednesday night, and residents in Los Cabos lit large bonfires to try to protect their neighborhoods as they faced a fourth day without power or running water following the blow from Hurricane Odile. 

Police announced they would stop and question anyone on the streets after nightfall to make sure they had legitimate business at that hour.

"The problem is no longer the hurricane," resident David Garcia...


From Forbes Many longtime observers of the Mexican economy and a growing cadre of enthusiastic global investors had expected that by now Mexico would be on its way back to rapid growth. Unfortunately, this is a script that Mexico has seen...
Jeremy Martin
For the first time in more than 75 years, the most important date on Mexico’s oil calendar in March was not the national holiday celebrating President Cardenas’ expropriation of foreign oil companies on March 18, but rather the 21st. Friday, March...

EFE - Two moderate earthquakes rocked Mexico's Baja California Monday, but no injuries or damage have been reported. The epicenters were in unpopulated areas near San Felipe.

WSJ - Mining giant Grupo Mexico will set aside at least $150 million to pay for damages after an acid spill from its biggest mine led to the industry's worst environmental disaster.

Hollywood Reporter - Mexico’s film academy has picked Cantinflas, a biopic about iconic comedian Mario Moreno, as its foreign-language Oscar submission. - Tropical Storm Odile is just off the coast of southern Mexico and is expected to strengthen into a hurricane by Friday. A tropical storm watch has been issued.


Bloomberg - Islamic State extremists have discussed infiltrating the U.S. through its southern border with Mexico, a U.S. official said, adding that the U.S. can prevent that activity.

Forbes - The announcement of the new Mexico City airport immediately started speculation into who would be the builders. Carlos Slim’s business empire is seen as an obvious favorite.

Designboom - Fernando Romero speaks about the process behind the winning design and the collaboration between FR-EE and Foster & Partners for the new Mexico City airport.

Reuters - Mexico's telecoms competition watchdog said it will probe the country's pay TV market, which could result in stiffer regulations for Grupo Televisa as it moves to buy up cable companies.

EFE - Petroleos Mexicanos said it is investing $282 million to expand an automated system to detect the theft of crude and fuel from its 35,000-kilometer (21,750-mile) pipeline network.

Reuters - Mexico's Grupo Salinas said it will buy out partner Grupo Televisa's 50 percent stake in the country's No. 3 wireless operator Iusacell for $717 million and seek a strategic partner.

CBS5 - A six-month investigation uncovered a criminal organization that would carjack high-end vehicles in Mexico, switch the Vehicle Identification Numbers and import them into the U.S.

Yonhap - Hyundai Motor Co.'s sales arm in Mexico said Wednesday that the carmaker has met its initial target thanks to the popularity of its vehicles and a unique marketing strategy.

Reuters - Mexican industrial production bounced back in July, led by manufacturing, which grew at its fastest pace in six months as the economy picks up some speed after a weak start to the year.

News24 - Dubbed the "water monster" by the Aztecs, the axolotl salamander is battling extinction in the remnants of Mexico City's ancient lake, alarming scientists.

EFE - Authorities in central Mexico apprehended three people as they were using acid to dissolve the body of a man they murdered, the Morelos state Attorney General's Office said.

The Guardian - The former Brazil and Barcelona midfielder Ronaldinho, twice the World Player of the Year, has signed a two-year deal with Queretaro, the Mexican first division club said.

Fox Sports - Chile and Mexico played out a goalless draw in an international friendly in California on Saturday. Both teams were taking to the field for the first time since the World Cup finals.

AP - Hurricane Norbert scattered rain along Mexico's Pacific coast on Thursday as it headed for a brush with the Los Cabos resorts. Schools and beaches were closed.

Bleacher Report - Mexico (1-3) put up a real fight at the end, but Australia (3-1) walked away with the win, 70-62. Mexico cut the lead to just six points but couldn't complete the comeback.

Accuweather - Tropical Storm Norbert developed just off the coast of southwest Mexico on Tuesday and will impact Mexico into the weekend.

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