Dave's Feed
Jun 24, 2011

Mexican ex-presidents lead debate on legalizing drugs

MEXICO CITY (Reuters) – Once praised lavishly by the United States for waging a war on drugs, Mexico’s last two presidents now say legalizing them may be the best way to end the rising violence the U.S.-backed campaign has unleashed.

Ernesto Zedillo and Vicente Fox led efforts to crush drug trafficking gangs in Mexico between 1994 and 2006 but the rapid escalation of violence over the past four years under President Felipe Calderon has convinced them a change of tack is needed.

Jun 24, 2011

Mexican president apologizes to drug war victims

MEXICO CITY (Reuters) – President Felipe Calderon apologized to victims of Mexico’s war on drugs in an emotional meeting with bereaved families on Thursday that sought to try and quell rising anger over violence sweeping the nation.

In a live television broadcast lasting several hours, Calderon sat in silence listening to accusations from grieving parents that his government was killing Mexico’s youth and allowing criminals to run rampant across the country.

Jun 21, 2011

Beatriz weakens back to tropical storm off Mexico

MANZANILLO, Mexico, June 21 (Reuters) – Hurricane Beatriz
weakened into a tropical storm on Tuesday, sparing tourist
towns and ports along Mexico’s Pacific coast from serious
damage.

The U.S. National Hurricane Center downgraded what had been
a Category 1 hurricane and called off all warnings by mid-day
as Beatriz hovered near land and headed out to sea.

Jun 17, 2011

Mexican teenage girls train as drug cartel killers

MEXICO CITY (Reuters) – Dwarfed by surrounding reporters and with her head bowed to avoid the television cameras, the slender 16-year-old hesitated slightly before she answered the question. “I’m a hitwoman,” she said.

Maria Celeste Mendoza was among six teenage suspected gang members arrested this week by police after a shoot-out with authorities in central Mexico, one of the growing ranks of young people working for the country’s drug cartels.

Jun 1, 2011

Key political risks to watch in Mexico

MEXICO CITY, June 1 (Reuters) – Escalating drug war
violence, a dysfunctional oil monopoly and political gridlock
ahead of next year’s presidential election are clouding the
outlook for Mexico, Latin America’s second biggest economy.

WORSENING DRUGS WAR

Nearly 40,000 people have been killed in Mexico since
President Felipe Calderon launched his war on drug gangs in
December 2006, and the country risks losing control of large
areas to cartels near the U.S. border. [ID:nN15124805]

May 29, 2011

Analysis: Slim’s Mexico TV plans could be on ice for years

MEXICO CITY (Reuters) – Mexican billionaire Carlos Slim may have to wait for years to enter his domestic television market now that the government has rejected his bid so close to next year’s presidential election.

Slim must go back to the drawing board after the Communications and Transport Ministry said his fixed line phone giant Telmex, which dominates the market, had not yet met the regulatory requirements for a TV concession.

May 29, 2011

Slim’s Mexico TV plans could be on ice for years

MEXICO CITY, May 29 (Reuters) – Mexican billionaire Carlos
Slim may have to wait for years to enter his domestic
television market now that the government has rejected his bid
so close to next year’s presidential election.

Slim must go back to the drawing board after the
Communications and Transport Ministry said his fixed line phone
giant Telmex, which dominates the market, had not yet met the
regulatory requirements for a TV concession. [ID:nN27185763]

May 28, 2011

Mexico rejects Slim’s bid to launch domestic TV biz

MEXICO CITY, May 27 (Reuters) – Mexico’s government on
Friday put the brakes on tycoon Carlos Slim’s efforts to
establish himself in his domestic television market, rejecting a
bid by telecoms giant Telmex for a television concession.

Telmex — majority-owned by Slim, the
world’s richest man — has been fighting a lengthy battle with
regulators for the right to offer TV services. The billionaire
is already the top provider of pay TV in Latin America.

May 17, 2011

Analysis: Clock ticks on Calderon’s hunt for drug lord

MEXICO CITY (Reuters) – With time running out to win a drugs war that has cost nearly 40,000 lives, only the scalp of Mexico’s biggest kingpin can give President Felipe Calderon the symbolic victory his party desperately needs.

Mexico’s next presidential election is just 14 months away, and the conservative National Action Party (PAN) is now well behind its main rival in polls, battered by the violence unleashed by Calderon’s grinding campaign against the cartels.

May 4, 2011

Mexico ramps up gold reserves at dollar’s expense

MEXICO CITY, May 4 (Reuters) – Mexico massively ramped up
its gold reserves in the first quarter of this year, buying
over $4 billion of bullion as emerging economies move away from
the ailing U.S. dollar, which has dipped to 2-1/2-year lows.

The third biggest one-off purchase of gold by any country
over the past decade took Mexico’s reserves to 100.15 tonnes –
or 3.22 million ounces — by the end of March from just 6.84
tonnes at the end of January, according to the International
Monetary Fund and Mexico’s central bank.