December 2010

"Biutiful" captures Golden Globe nomination

Esmas - The Mexican film "Biutiful" was nominated for a Golden Globe in the Best Foreign Film category. The film will compete with "The Concert" from France, "The Edge" from Russia, "I Am Love" from Italy, and "In a Better World" from Denmark.The movie starring Javier Bardemchronicles the life of Uxbal, a marginal living in the underworld of illegal immigrants in Barcelona.

Sener defends allowing investment in Chicontepec

El Universal - Energy Secretary Georgina Kessel has defended the bidding and consistent investment in Chicontepec in the last 18 months, saying the scheme is "effective and seeks to ensure the availability of energy for future generations in Mexico.

Baja California aerospace investment totals $13 billion

El Vigia - Investments in the aerospace industry in Baja California represent about $13 billion, said the state's economic development secretary, Alejandro Munger Lagarda, at the Third Forum on Science and Technology of the Mexican Space Agency.

Unraveling of drug prosecution in Michoacan reveals flaws in Mexico's judicial system

By Ken Ellingwood and Tracy Wilkinson
Los Angeles Times

When 35 mayors, prosecutors, police chiefs and other officials in the state of Michoacan were hauled into jail and accused of taking bribes from a cartel last year, it looked as if the federal government was finally attacking the political collusion that has long nurtured the drug gangs.

But instead of heralding a bold new front in Mexican President Felipe Calderon's 4-year-old drug war, the case has turned out to be an embarrassing example of how that offensive is failing.

More than a year later, the prosecution is in ruins.

Judges ruled that the evidence was too flimsy, and all but one of the suspects has been freed. Many have returned to their old jobs, accusing the government of a politically motivated witch hunt during an election season.

The high-profile collapse underscores fundamental defects in the Mexican criminal justice system, including the country's ministerios publicos, a combination detective and prosecutor.

"This is the weak link of the Mexican criminal justice system," said John Mill Ackerman, a law professor at the National Autonomous University of Mexico and editor in chief of the Mexican Law Review.,0,2289242,full.story

Doctors in Ciudad Juarez stop work protesting violence

CNN - Doctors in Ciudad Juarez said Monday that they would stop working for 24 hours to demand that the government do more to deal with the violence ravaging their city. Banners at hospitals and clinics read: "Stop impunity. We demand justice."

Interjet eyes selling stake of airline or IPO

Reuters - Mexico's No. 2 airline, Interjet, is evaluating selling a stake to a foreign company or an initial public offering of shares on the local market to boost growth, its president said on Monday, adding Interjet has been approached by a U.S. company.

UN expects 2011 growth to slow to 3.5%

Dow Jones - The United Nations expects Mexico's economic growth to slow to 3.5 percent in 2011 - roughly in line with government estimates - as exports lose steam and domestic demand fails to pick up the slack.

October industrial production was lower than expected

Dow Jones - Mexican industrial production expanded less than expected in October from a year earlier and fell from September, as the export-oriented manufacturing rebound slowed sharply from previous months, threatening previous growth estimates.

Tortilla makers threaten price hike; government objects

Wall Street Journal

Mexican tortilla producers say they are planning to raise prices by at least 20 percent to meet the rising price of corn and other operating costs, prompting an immediate response from the government that is trying to keep food prices under control.

Tortillas are an important staple in the Mexican diet, and while the price is open to market forces of supply and demand, it remains a sensitive matter for authorities.

Cerro Resources acquires Namiquipa silver project - Cerro Resources has entered into a share purchase agreement with all the shareholders of Minera Tasmania to acquire 100 percent of the issued shares in the capital of Minera, which has an interest in the Namiquipa silver project in Chihuahua.