July 2011

Tropical Storm Arlene kills 17 as it cuts wide swath across Mexico


At least 17 people have been confirmed dead in Mexico after Tropical Storm Arlene drenched much of the country with heavy rains and left hundreds of thousands homeless.

State officials raised the toll by five on Sunday after more bodies were discovered swept away by raging rivers in northern town of San Luis Potosi, and a landslide buried a taxi in Oaxaca, killing one woman.

n Veracruz, civil protection authorities also confirmed the death of a first responder working to secure the area swamped by flooding.

The first named storm of the Atlantic season barrelled ashore along Mexico's Gulf coast on Thursday, dumping several centimetres of rain in areas still recovering from last year's wettest season on record.

The dead also included five people who died overnight on Friday and early Saturday in central Hidalgo state, where swollen rivers burst their banks and forced more than 1000 people to evacuate their homes, according to Civil Protection force director Miguel Garcia.

Much of the country was subjected to the foul weather, including the capital Mexico City and its outskirts, where a child's death on Friday was blamed on the storm, and the Pacific coastal resort city of Acapulco.

About 278,000 people were left homeless or otherwise affected by the storm, according to provisional tallies.


Iconic Juarez bar is oasis in capital of crime

Al Capone came across the border to Ciudad Juarez during Prohibition for a tipple as he stocked up on booze. Stars like Marilyn Monroe, Frank Sinatra and a young Ronald Reagan have also sat at the bar for a drink.

The Kentucky Club & Grill in Ciudad Juarez, a stone's throw from the Santa Fe bridge to the United States, remains an oasis of calm in a city considered the most dangerous on the planet outside established war zones.

While some establishments have closed due to the drug war, the Kentucky -- which claims to be the birthplace of the margarita cocktail -- has so far held on.


Mexico arrests official linked to ABC day care fire

AP - Mexican federal agents have arrested former government official Delia Botello on homicide and abuse of authority charges tied to a day care center fire in Hermosillo that killed 49 babies and toddlers in 2009.


Posadas' borrowing costs soar to 4-month high

Bloomberg - Grupo Posadas' borrowing costs are rising to a four-month high after the Mexican hotel operator’s decision to hire an advisor to evaluate financing options deepened speculation the company is struggling to reduce debt.


Tropical storm Arlene makes landfall in Mexico, bringing heavy rains

Associated Press

The Atlantic season’s first tropical storm hit Mexico’s Central Gulf Coast yesterday, hurling heavy rains over a wide swath.

The heart of Tropical Storm Arlene struck land near Cabo Rojo, a cape just off the mainland between the cities of Tampico and Tuxpan. It had maximum sustained winds of 65 miles per hour and was moving inland at 8 miles per hour, said the US National Hurricane Center in Miami.

Coastal towns appear to have escaped serious damage from the initial storm. Tree branches fell, water accumulated on some streets, and a neighborhood of Tuxpan lost electricity, civil protection authorities reported.

Officials in the storm’s path had prepared for flooding by closing schools, mobilizing emergency medical units, and preparing evacuation shelters.

Tropical storm-force winds extended as far as 205 miles from the storm center, but mainly over the Gulf of Mexico, away from land.

Mexico’s national weather service said 6 inches of rain had fallen over a 24-hour period in northern Veracruz state. Some mountainous areas inland could get up to 15 inches of rain, the hurricane center said.

Forecasters said south Texas also could get rain before Arlene begins to dissipate today.


Stocks edge lower as profit-taking erodes gains

Dow Jones - Mexican shares slipped into the red in late trading Thursday as investors wrapped up the second quarter with some light profit-taking on recent gains. The IPC index finished down 22 points, or 0.1 percent, to 36,558 points.


Peso closes stronger as Greece worries ease

Dow Jones - Mexico's peso closed stronger against the dollar Thursday as easing worries about Greece's sovereign debt helped lift emerging-market assets. The peso closed at 11.7095, compared with 11.7530 at the close Wednesday.