December 2011
Cartels use legitimate trade to launder money
Los Angeles Times - It's fast becoming the money-laundering method of choice for Mexican drug traffickers, U.S. and Mexican officials say, and it involves truckloads not of cash, but of fruit and fabric.
articles.latimes.com/2011/dec/19/world/la-fg-mexico-money-laundering-trade-20111219
Mexico City is closing vast trash dump
AP - Mexico City will close one of the world's largest garbage dumps by Dec. 31 and will instead turn the garbage from millions of people into reusable materials and energy, Mayor Marcelo Ebrard announced Monday.
www.newsday.com/news/mexico-city-closes-vast-trash-dump-1.3399646
Telmex to delist from foreign markets
Dow Jones - Telefonos de Mexico said Monday its shareholders agreed to delist the company's shares from U.S. and other foreign exchanges. The decision to delist comes after America Movil acquired an additional 33 percent of Telmex.
online.wsj.com/article/BT-CO-20111219-713511.html
Stocks end lower as Europe woes sap early gains
Dow Jones - Mexican stocks ended lower Monday as early-session hopes for European debt discussions led to disappointment and a selloff. The IPC index lost 1.3 percent to 35,588 points. The IPC fell 3.1 percent last week.
online.wsj.com/article/BT-CO-20111219-712568.html
Pemex spends $24 million in wake of Pemex blast
Dow Jones - Mexico's state-owned oil company Petroleos Mexicanos, or Pemex, said Monday it spent about 330 million pesos ($24 million) to compensate victims and on clean-up projects after a pipeline blast one year ago that the firm blamed on fuel thieves.
Mony de Swaan under fire for giving contracts to friends
Fierce Telecom - Mony de Swaan, the president of Mexico's telecom regulator Cofetel, is being criticized for awarding two contracts worth about $200,000 for businesses run by two of his friends, including a telecom lobbyist.
www.fiercetelecom.com/story/mexicos-telecom-regulator-president-under-fire-awarding-contracts-friends/2011-12-19
Mexico's soccer team in position to take on the world
LAT - For years, if not decades, Mexico's national soccer team has been looked upon as something of a sleeping giant: talented enough to be respected but never successful enough to be feared. But now, the slumbering giant might be about to wake.
articles.latimes.com/2011/dec/17/sports/la-sp-baxter-soccer-20111218
Latin American leaders assail U.S. drug "market"
Washington Post - Latin American leaders have joined together to condemn the U.S. government for soaring drug violence in their countries, blaming the United States for the transnational cartels that have grown rich and powerful.
Crime sends chills thorough retirement community
Submitted by mexbiznews on Mon, 12/19/2011 - 7:54am
By Tim Johnson / McClatchy Newspapers
More than a half-century ago, Americans began flocking to the shores of Lake Chapala in central Mexico, which Life Magazine once extolled as the ideal place to "live and loaf."
Some 15,000 Americans and Canadians still call the lakeside region home — basking in constant spring-like weather, occupying homes that cost a fraction of the ones they left behind and enjoying bargain-basement medical care.
But in the last month, violent crimes have deeply rattled expatriates living here. "For Sale" listings have soared, and some foreigners feel fazed and anxious.
www.miamiherald.com/2011/12/18/2552131/crime-sends-chills-through-retiree.html
Mexbiznews will resume full publication after the first of the year
Submitted by mexbiznews on Mon, 12/19/2011 - 7:40am
