Dave's Feed
Sep 21, 2011

Peru rate policy doesn’t need change -cenbank gov

NEW YORK, Sept 21 (Reuters) – Peru’s central bank governor,
Julio Velarde, said on Wednesday he does not see a need to
change current interest rate policies despite the global
economic slowdown.

“There is no need to act now, it might change if the
situation deteriorates,” Velarde told journalists when asked if
he saw the need to change interest rates due to the global
economic slowdown.

Sep 20, 2011

Palestinians, U.S. at odds over U.N. bid for statehood

UNITED NATIONS (Reuters) – The Palestinian foreign minister said on Tuesday he was confident most U.N. Security Council members would endorse Palestinian statehood but the United States underscored its pledge to veto the move despite the risk of diplomatic fallout.

Diplomats still hope to avert the political crisis looming over this year’s meeting of the U.N. General Assembly, but Palestinian Foreign Minister Riyad al-Malki said he thought at least nine of the 15 members of the Security Council would back the Palestinian bid.

Sep 20, 2011

Palestinians confident on U.N. vote, but veto looms

UNITED NATIONS (Reuters) – The Palestinian foreign minister said on Tuesday he was confident the U.N. Security Council would vote to recognize Palestinian statehood and urged the United States to reconsider its veto threat as efforts to resolve the impasse appeared deadlocked.

As diplomats scrambled to contain a political crisis looming over this year’s meeting of the U.N. General Assembly, Palestinian Foreign Minister Riyad al-Malki said he believed at least nine of the 15 members of the Security Council would endorse the Palestinian move.

Sep 20, 2011

Mexico president hints legalizing drugs may be needed

NEW YORK (Reuters) – Mexican President Felipe Calderon on Monday turned up pressure on the United States to curb demand for illicit drugs, hinting that legalization of narcotics may be needed to weaken the drug cartels.

Mexico, which has been racked by a bloody conflict between the government and drug cartels, is paying the price for its proximity to the United States, Calderon said in a speech to the Americas Society and Council of the Americas in New York.

Sep 13, 2011

Mexican presidential front-runner exits comfort zone

MEXICO CITY (Reuters) – If looks alone decided Mexican presidential elections, front-runner Enrique Pena Nieto could take the next nine months off and win at a stroll.

Regularly voted Mexico’s most handsome politician, Pena Nieto has no clear policy agenda and rarely talks about his plans, prompting accusations he is all show and no substance: a “meringue” cooked up by the media, as one opponent put it.

Sep 2, 2011

Mexico’s Calderon defends war on drug cartels

MEXICO CITY (Reuters) – Mexican President Felipe Calderon on Friday mounted a forceful defense of his crackdown on drug cartels, saying the conflict that has cost thousands of lives was the only way to beat the “cancer” attacking Mexico.

Calderon is under growing pressure to end the violence that has killed more than 42,000 people in less than five years, and he devoted nearly half of his annual state of the nation address to rebuffing critics of his army-backed offensive.

Sep 2, 2011

Factbox: Key political risks to watch in Mexico

MEXICO CITY (Reuters) – A mounting drugs war death toll among ordinary civilians, political inertia and fears of a U.S. economic slowdown are clouding the outlook for Mexico ahead of a presidential election next July.


Anger is growing about the 42,000 lives that have been lost since President Felipe Calderon launched a war on drug cartels in late 2006, and violence has spun out of control in large areas along the U.S.-Mexico border.

Aug 30, 2011

Analysis: New nadir in Mexican drugs war puts PAN in trouble

MONTERREY, Mexico (Reuters) – Hopes that Mexico’s conservative ruling party would usher in an era of clean government and establish order have given away to despair as drugs war violence increasingly hits ordinary civilians.

At least 52 people died last week when an arson attack by suspected drug cartel members gutted an upscale casino in the prosperous northern city of Monterrey, a bastion of President Felipe Calderon’s National Action Party, or PAN.

Aug 29, 2011

Mexico arrests 5 linked to deadly casino attack

MEXICO CITY (Reuters) – Mexico has arrested five suspected drug gang members in connection with the torching of a casino last week that killed at least 52 people, one of the worst attacks on civilians in the country in years.

Thursday’s arson attack on the upmarket casino in the northern city of Monterrey has deepened skepticism about President Felipe Calderon’s fight against drug cartels, putting new pressure on his embattled government to root out crime.

Aug 28, 2011

Battered state vows to solve Mexican security woes

MONTERREY, Mexico (Reuters) – Despite suffering one of the worst attacks on civilians in Mexico for years, the state of Nuevo Leon is undaunted because it believes a radical police overhaul will soon start winning the drug war.

President Felipe Calderon declared three days of mourning after at least 52 people died on Thursday in an arson attack on a casino in Nuevo Leon’s capital Monterrey, a wealthy city that increasingly has fallen prey to the ravages of drug cartels.