Top Stories for October 25, 2014

Guerrero governor steps down pressured by criticism over lack of action to find 43 missing students

By Tracy Wilkinson

Los Angeles Times

The disappearance of 43 students at the hands of police working with drug gangs claimed the scandal’s first major political casualty Thursday with the resignation of Angel Aguirre, governor of the state of Guerrero, where the attacks took place.

Nearly a month after the students were last seen in the city of Iguala after a deadly clash with police, Aguirre, under growing pressure, went before television cameras to seek a leave of absence “to favor the political climate” so that the investigation can proceed unhindered.

Aguirre -- along with several other senior leaders -- had been weathering a firestorm over his handling of the disappearances, subsequent revelations of how deep the collusion went among police, politicians and drug gangs and the discovery of mass graves around Iguala containing at least 30 bodies, none thought to be the students.



If you do not talk about the truth, perhaps it will go away. For the past two years, that attitude broadly summed up President Enrique Peña Nieto’s approach to Mexico’s security problems. Since becoming president, he de-emphasised his predecessor’...
From Forbes Many longtime observers of the Mexican economy and a growing cadre of enthusiastic global investors had expected that by now Mexico would be on its way back to rapid growth. Unfortunately, this is a script that Mexico has seen...

Bloomberg - Enrique Pena Nieto renewed his pledge to punish perpetrators of alleged massacres amid a crisis that’s overshadowing the president’s economic agenda.

AP - Several hundred students marched through Guanajuato Thursday to demand justice for a schoolmate who turned up dead after he was detained by police.

Bloomberg - The new Cero Agua dairy factory is the globe’s only zero-water plant, squeezing 1.6 million liters (422,000 gallons) of the liquid a day out of cow’s milk it condenses into powder.

EFE - Jesus Antonio Gamboa, 39, the editor of political magazine Nueva Prensa who went missing Oct. 10 has been found murdered in Sinaloa.

Reuters - Retailer Grupo Comercial Chedraui, Mexico's No.3 supermarket chain, is exploring possible acquisitions at home but is mum on reports the firm is seeking to acquire rival Comerci.

Reuters - Grupo Financiero Banorte said its third-quarter net profit rose 15 percent from the same period last year, mostly as a result of its increased stake in a pensions and insurance unit.

AP - Jailed in Tijuana, Sgt Andrew Tahmooressi says he should be released to the US for treatment not offered in Mexico even to Mexican soldiers.

EFE - Mexico’s Energy Regulatory Commission has awarded Spain's Gas Natural Fenosa a contract to distribute gas in northwestern Mexico with a potential market of 500,000 customers.

Forbes - Each fall, Mexico’s Congress debates the administration’s budget proposal. A final version must be passed no later than the end of October to authorize revenue streams. - Masked assailants set fire to the city hall in Iguala in a rampage triggered by the failure of Mexican authorities to resolve the case of 43 missing student teachers.


Reuters - Mexico's Cemex on Thursday said its 2014 investment spending would be $765 million, up from its previous forecast of $670 million.

Accuweather - The remnants of Tropical Depression 9 will move over Mexico's Yucatan Peninsula through Friday before shifting into the Caribbean Sea. Another system is nearby.

Reuters - Mexican retailer Comercial Mexicana posted a 3.7 percent increase in third-quarter profit compared with the same period a year earlier, the company said on Wednesday.

Reuters - Mexican annual inflation surged early in October to a nine-month high, further above the central bank's tolerance ceiling, though the spike was expected to be temporary.

AP - Officials said that a drug gang implicated in the disappearance of 43 students in Iguala essentially ran the town, paying the mayor hundreds of thousands of dollars a month.

Billboard - Aldo Sarabia, a member of fabled Mexican Banda El Recodo de Don Cruz Lizárraga, who had been missing since Oct. 13, has been found dead in Mazatlan.

Bloomberg - The reputed head of Mexico’s Gulf Cartel drug trafficking ring,  Juan Francisco Saenz-Tamez, 23, was nabbed by federal agents during a shopping trip in south Texas.

Bloomberg - Mexican retail sales rose more than analysts expected in August as accelerated job creation and a rebound in consumer confidence helped bolster spending.

Reuters - Mexico's Coca-Cola Femsa on Wednesday said its third-quarter profit climbed 13 percent. The company reported a profit of 3.343 billion pesos ($249 million).

LAT - Heavyweight champion Cain Velasquez suffered a right knee injury in training and is withdrawing from his Nov. 15 Ultimate Fighting Championship title defense in Mexico City.

Syndicate content

Upcoming events

  • No upcoming events available