Economy & Finance
Mexico is wary as California votes on legalizing pot
Washington Post - The marijuana divide between the sister cities of Tijuana and San Diego points to major disparities between the fight against drugs in Mexico and their acceptance in the United States. The debate grows more urgent as California considers legalizing marijuana.
www.washingtonpost.com/wp-dyn/content/article/2010/09/09/AR2010090907120.html
Obama says Mexico is not comparable to Colombia
Bloomberg - Contrasting with remarks made by Secretary of State Hillary Clinton, President Barack Obama said Mexico’s battle against drug cartels isn’t comparable to Colombia’s fight against traffickers 20 years ago.
Mexicana suspension will realign airline industry
CNNExpansión.com - The suspension of New Air Group (NGA), composed of Compania Mexicana de Aviation, Mexicanaclick and Mexicanalink, will bring a realignment of the airline industry and the winners in the domestic market will be companies like Volaris, Interjet and Aeromexico.
www.cnnexpansion.com/negocios/2010/09/08/salida-de-mexicana-reacomoda-sector
Army seizes close associate of "La Barbie"
Milenio.com - The Army on Wednesday arrested Jorge Alberto Gonzalez Escorcia, the brother of Mauro "El Coyote" González Escorcia, a major contributor to the Morelos drug operation of Edgar Valdez Villareal "La Barbie," at his home in Zacatepec, Morelos.
Another mayor is murdered in Mexico
AlJazerra - Masked armed men have shot dead the mayor of El Naranjo in the state of San Luis Potosi in the latest attack believed to be linked to drug gangs. Four hooded men reportedly pulled up outside the office of Alexander Lopez Garcia, burst in and shot him to death.
english.aljazeera.net/news/americas/2010/09/201099474202717.html
Clinton compares Mexico to Columbia insurgency
Washington Post - Secretary of State Hillary Rodham Clinton said Wednesday that the surging drug violence in Mexico now resembles that of war-torn Colombia a generation ago, with criminal cartels looking like "insurgencies" battling for control of territory.
www.washingtonpost.com/wp-dyn/content/article/2010/09/08/AR2010090807134.html
Pemex's 2011 budget is 30% lower than requested
Reuters - The Mexican government proposed on Wednesday a 2011 investment budget of 286.3 billion pesos ($22.2 billion) for state oil monopoly Pemex that was more than 30 percent below what the company had said earlier this year it would need.
More than 100,000 are following Calderon on Twitter
Online Social Media - Social networking sites such as Facebook and Twitter are becoming more and more popular in the world of politics nowadays. Mexican President Felipe Calderon said he has reached more than 100,000 followers on an account opened only six weeks ago..
Infonavit plans to sell $115 million in mortgage bonds
Dow Jones - Mexico's biggest home lender, federal housing fund Infonavit, plans to sell 1.5 billion pesos ($115 million) of its mortgage bonds, known locally as Cedevis, this week. In a stock exchange filing, Infonavit said the bonds will be denominated in UDIs.
IDB give Mexico $1 billion loan to boost growth
Dow Jones - The Mexican Finance Ministry said Wednesday that the Inter-American Development Bank has approved a $1 billion, 20-year loan for Mexico that will used by the administration of President Felipe Calderon to encourage economic recovery.
online.wsj.com/article/BT-CO-20100908-715945.html
