Economy & Finance
El Financiero - Andrés Manuel López Obrador, a key figure in the opposition PRD party, unveiled his alternative economic proposal, which contemplates an austerity plan in the three branches of government and the elimination of tax privileges for corporations.
El Financiero - The global crisis "is not yet complete" and, worse still, the G-20, in its upcoming meeting, won't lay the groundwork to avoid a new international financial crisis, said Emilio Ontiveros, President of Financial Analysts International.
Maquila Portal - Economy Minister Gerardo Ruiz Mateos said the technical stoppage program in the automotive industry does not need to continue because car production in Mexico has recovered in dynamism.
Dow Jones - Mexico's outlook for interest rates and inflation this year remained stable in the latest survey of market participants published Monday by Citigroup Inc. unit Banamex. The median estimate of 22 banks and research firms put the benchmark overnight rate at 4.5 percent at the end of this year and 5.5. percent at the end of 2010.
Reuters - Mexican private spending fell 9.6 percent in the second quarter compared with the year-ago period, the national statistics agency said on Monday. Aggregate demand, which includes private and government demand, gross fixed investment and exports, dropped 14.8 percent.
El Economista - The Center for Private Sector Economic Studies (CEESP) is criticizing the measures proposed in the 2010 economic package, saying they do not represent substantive changes that will strengthen income sources in the long term.
El Financiero - According to the Confederation of Industrial Chambers (Concamin), Mexican industry is experiencing the first signs of slow and weak improvement but still can not expect a strong recovery.
El Financiero - The International Tourism Fair in America (FITA) will be held in Mexico City during the celebration of the Bicentennial of Independence in 2010 in an effort to boost the growth of the tourism industry in Mexico, which has been hit by drug wars, the global economic crisis and the outbreak of the flu.
El Financiero - The president of the National Campesino Confederation opposes elimination of the Ministry of Agrarian Reform, saying it is the only agency with a presence in the country's more than 30,000 ejidos and agrarian communities and its demise will seriously affect the agriculture sector.
Sentido Comun - The Treasury said the salaries of senior executives in the federal administration have fallen 40 percent in the last nine years, while the number of positions in the secretariats have decreased.