July 2011

Logging drops further in butterfly reserve

AP - Experts say deforestation in the wintering grounds of the Monarch butterfly in central Mexico has dropped to just over one acre's worth of trees this year, compared to hundreds of acres lost annually in the past.

www.forbes.com/feeds/ap/2011/07/21/general-lt-mexico-monarch-butterflies_8578358.html

58 field hands held after pot field found in Baja

San Diego Union-Tribune - A group of 58 field-hands arrested following the discovery of nearly 300 acres of marijuana south of Ensenada were being held at a Tijuana hotel while investigators decide whether there is sufficient evidence to press charges.

www.signonsandiego.com/news/2011/jul/20/field-hands-held-after-300-acre-pot-field-found-ba/

Baja California courts aerospace industry

San Diego Union-Tribune - Saying the proximity to southern California offers a strong competitive advantage, promoters of the Baja California aerospace industry gathered at a forum that geared at bringing more business to the region.

www.signonsandiego.com/news/2011/jul/21/baja-aerospace-sector-seeks-suppliers/

Cemex shares plunge on disappointing earnings

Dow Jones - Shares of Mexican cement company Cemex fell sharply at the opening Friday after the company reported a net loss for the second quarter and below-estimate operating cash flow.

online.wsj.com/article/BT-CO-20110722-708190.html

Mexico City to spend $8.5 million around basilica

Fox News Latino - Mexico City's government plans to spend $8.5 million on public works projects around the Basilica of Guadalupe to improve the area's "urban image" and save the public spaces around the important Catholic pilgrimage site.

latino.foxnews.com/latino/entertainment/2011/07/21/mexico-city-to-spend-85-mn-on-improvements-around-basilica/

Hurricane Dora downgraded in Pacific

Bloomberg - Dora was downgraded to a Category 3 hurricane off Mexico’s Pacific coast and is expected to lose strength today, U.S. meteorologists said. In the Atlantic, Tropical Storm Bret became a depression and Cindy weakened.

www.bloomberg.com/news/2011-07-22/hurricane-dora-downgraded-in-pacific-as-cindy-and-bret-weaken-in-atlantic.html

Cemex 2nd Q losses narrow slightly

MarketWatch - Mexican cement and building materials company Cemex said Friday its net loss narrowed slightly in the second quarter to $294 million from $306 million in the year-ago period as sales picked up in northern Europe, Mexico and Latin America.

www.marketwatch.com/story/cemex-narrows-2nd-period-loss-us-still-sluggish-2011-07-22

El Paso moves to offer unmanned border kiosks

Government Technology - Driving across two bridges that connect El Paso to Mexico might soon become as simple as paying a toll at automated kiosks. The city council approved a software upgrade that could support unmanned toll kiosks.

www.govtech.com/transportation/El-Paso-Texas-Considers-Automated-Tolls-at-Mexico-Bridge-Crossings.html

Kimberly-Clark de Mexico posts profit down 9%

Dow Jones - Mexican consumer products company Kimberly-Clark de Mexico said Thursday that its sales and profits fell in the second quarter on weak demand and higher costs.

online.wsj.com/article/BT-CO-20110721-718195.html

Poet calls on Congress to reform political system

Fox News Latino - A group of activists led by poet Javier Sicilia demanded immediate passage of a political reform bill that would permit independent candidates and re-elections has been held up in the Mexican Congress' lower house.

latino.foxnews.com/latino/politics/2011/07/21/poet-calls-on-congress-to-reform-mexicos-political-system/