Posted by James Hart on Wednesday, February
Source:blogs.kansascity.com/
Wednesday, February 3, 2010
More U.S. marshals hunting fugitives in Mexico
Posted by James Hart on Wednesday, February
Source:blogs.kansascity.com/
Mexico arrests suspect in Ciudad Juarez shooting attack on party
Reporting from Mexico City - Authorities in the border city of Ciudad Juarez said on Tuesday night that they had arrested a man suspected of taking part in a shooting attack on a high-school party that killed at least 15 people early Sunday.
Officials summoned reporters to see the suspect, who said in their presence that the main Juarez-based drug cartel targeted the party because it had received reports that members of a rival trafficking group were in attendance.
The suspect, identified as Jose Dolores Arroyo Chavarria, said he acted as a lookout for the 24 or so gunmen he said took part. He said they were ordered to kill everyone inside.
Authorities said they arrested the suspect Monday afternoon after army troops interrupted the planned assassination of a drug rival. Killed during that gunfight was one of the men who allegedly supervised the assault on the party, in which dozens of young people packed a private home.
Officials said some of the same gunmen are believed to be responsible for the killings of four people Monday at a dance hall.
Authorities in the state of Chihuahua on Tuesday gave the number of dead as 15, though a day earlier they had said 16 died, a figure corroborated by local news reports.
Parents of the slain teens have denied that their children were involved in criminal activity.
Source:latimes.com/
Officials summoned reporters to see the suspect, who said in their presence that the main Juarez-based drug cartel targeted the party because it had received reports that members of a rival trafficking group were in attendance.
The suspect, identified as Jose Dolores Arroyo Chavarria, said he acted as a lookout for the 24 or so gunmen he said took part. He said they were ordered to kill everyone inside.
Authorities said they arrested the suspect Monday afternoon after army troops interrupted the planned assassination of a drug rival. Killed during that gunfight was one of the men who allegedly supervised the assault on the party, in which dozens of young people packed a private home.
Officials said some of the same gunmen are believed to be responsible for the killings of four people Monday at a dance hall.
Authorities in the state of Chihuahua on Tuesday gave the number of dead as 15, though a day earlier they had said 16 died, a figure corroborated by local news reports.
Parents of the slain teens have denied that their children were involved in criminal activity.
Source:latimes.com/
Mexico: Now, a Cabanas’ team mate suffers shot
Club officials said on Tuesday the 21-year-old Silva was in good condition and said the gunshot wound was not life-threatening. They said the attack took place on Monday night in Mexico City in a failed attempt to steal Silva’s vehicle.
America spokesman Edwin Victoria said Silva, a midfielder, received a single gunshot wound in the buttocks, but did not offer more details surrounding the attack
The shooting comes barely a week after Cabanas was shot in the head while on a night out with his wife in the Mexican capital. The Paraguayan was gunned down at point blank range and operated on by doctors while spending five days in a coma.
The South American media has reported that although he is still in a life threatening condition, Cabanas has been able to talk with his family and expressed his hope of making the World Cup finals in South Africa. The 29 year-old was expected to spearhead the Paraguay attack in this summer’s tournament.
Source:momento24.com/
Toyota to recall some 30,000 vehicles in Mexico
"We've estimated a possible recall of 30,000 vehicles," Adolfo Hegewisch told a news conference here.
No specific problem had been reported in Mexico and no customer's life was at risk, but the company was acting in coordination with Mexican authorities, Hegewisch said.
The Japanese giant is recalling almost eight million vehicles worldwide due to problems with sticking accelerator pedals, as it scrambles to reassure customers worried about vehicle safety.
Mexican customers would be informed of the recall from February 8, when parts would be delivered here, and vehicles would be chosen according to their production date and batch, a statement said Tuesday.
Those concerned would receive a free installation of a piece of high-precision reinforced steel in the accelerator pedal assembly, it said.
The models to be recalled in Mexico are: Radford, Matrix, Camry, Highlander, Tundra, Sequoia and Corolla, made on dates between 2007 and 2010.
Toyota sold almost 52,000 vehicles in Mexico in 2009, according to company figures.
Source:AFP
Marijuana In Banana Seized In U.S.-Mexico Border
The 235 packages of pot weighing 1,950 pounds and valued at $1.17 million was discovered Monday after the bananas were off-loaded from a truck for inspection and sniffing by a drug dog.
The 40-year-old Mexican driver of the truck was arrested and detained at the Metropolitan Correctional Center.
About 2,000 trucks pass through the cargo facility for documentation and inspection. Last Thursday, customs and immigration agents also seized packaged marijuana weighing nearly 4,000 pounds hidden in a shipment of pepper and green beans.
Source:allheadlinenews.com/
Mexico party shooting leader killed in army clash: official
The man, called Ramon and nicknamed "El Doce," or "The Twelve," died late Monday in a shootout in Ciudad Juarez, according to a statement from one of his accomplices, Chihuahua State Attorney General Patricia Gonzalez said on Televisa television.
"He was the leader, the one who led the operation to exterminate the youths," Gonzalez added.
Some 15 gunmen opened fire on a party packed with teenagers in the early hours of Sunday, in a particularly extreme attack in the northern border city which is notorious for deadly score-settling between drug gangs.
Gonazalez said the suspected killers were hitmen from the Los Aztecas group working for the Juarez drug gang, which is fighting a bloody turf war against the Sinaloa gang.
The suspects had believed the young partygoers belonged to the Sinaloa gang, she said, without ruling out the possibility that adult members of that gang had been present or nearby.
The only suspect detained in connection with the killings said that his accomplices had thought the youths belonged to Los Artistas Asesinos group, which works for the Sinaloa gang.
He also said that his gang had killed five people on Monday in a Ciudad Juarez bar.
Gruesome gangland-style killings have spiraled in recent years in the city across from El Paso, Texas, which saw some 2,660 murders in 2009 alone, despite the deployment of some 6,000 soldiers in a nationwide crackdown on organized crime.
Suspected drug attacks have left more than 15,000 dead across Mexico in the past three years, as the government has deployed some 50,000 troops countrywide to tackle the growing violence
Source:AFP
BP profits lower than expected
The energy company's profits for the whole of 2009 were almost $14bn, down 45% from $25.59bn in 2008 due to refining margins remaining under pressure. BP shares fell by nearly 5% in early trading after news of the results.
BP chief executive Tony Hayward declared 2009 as a "very good" year overall. Oil and gas production grew over 4% and the company continued its 17-year run of increasing reserves.
The increased production was largely due to new projects, such as the first full year of production from the Gulf of Mexico's Thunder Horse field.
Hayward also hinted that BP would have lower cost savings in 2010, after cutting $4bn (£2.5bn) in 2009.
The company has gained access to one of the biggest oil fields in the world, Iraq's Rumaila field, and has also struck oil in the Tiber and the Gulf of Mexico.
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Source:newstatesman.com/
Jerry The Fight Promoter Touring Mexico
In doing so, Jones has become quite taken with Pacquiao, almost unanimously regarded as one of the best pound-for-pound fighters in recent memory.
"Manny Pacquiao is an enigma," Jones told the Manila Bulletin. “Manny is well-respected, well-liked and beloved by Mexico, whose men he had beaten up."
Jones, along with Pacquiao and Top rank promotions President Bob Arum, is hoping to bolster interest in the fight, which shouldn't be very difficult. The Filipino, Pacquiao, as Jones suggested, has a prodigious following in Mexico, and the presence of such Mexican fighters as Jose Luis Castillo (a former world champion) on the undercard should ensure a high degree of interest in the event from the south.
“The reception (here in Mexico) is unbelievable," Jones said.
Source:nbcdfw.com/
Charlize Theron secret split with Stuart Townsend
The pair are yet to confirm the break-up, but sources claim that the Oscar-winning actress ended their nine-year union after a Christmas break in Mexico.
Although the pair never wed, Ms Theron wore an antique commitment ring from her beau, which she has now stopped wearing. The ring was most noticeably missing when she manned the phones at a Haiti telethon last week.
When previously asked about the ring during an interview she commented: 'Stuart gave it to me as a sign of our commitment to each other. I never take it off.'
As shown below, she wore the Victorian band of daisies on her wedding finger, but has been spotted on a number of occasions without it during the last month.
A source revealed to the Daily Mail: 'Stuart is gutted but Charlize said that she realised during the Mexican holiday that the relationship was over. They had become more like brother and sister than lovers. It was she who ended it.'
The couple first start dating in 2001, after meeting on the set of thrilled Trapped.
CHARLIZE THERON FASHION MOMENTS
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Calderon Touts Mexico to Japanese Business Leaders
Calderon said that Mexico is making progress in strengthening its institutions and police forces to guarantee security, while at the same time launching economic and tax reforms to become a more attractive partner than other emerging powers.
The president met Monday with Emperor Akihito, Empress Michiko and Crown Prince Naruhito, as well as with Prime Minister Yukio Hatoyama and executives of Japanese companies with significant investments in Mexico like Toyota, Mitsubishi and Panasonic.
During his remarks Tuesday to Japan’s main business association, Calderon said that Mexico’s location and workforce make production costs more attractive than those in China, India or Brazil for companies aiming at the U.S. market.
He said that the combination of free trade agreements that Mexico has signed with countries like Japan and the United States and regions like the European Union make it one of the world’s most attractive destinations for investment and for establishing factories and distribution centers.
Calderon told a press conference Tuesday that both Japan, on the side of rich countries, and Mexico, among the developing countries, should lead a movement to develop a new growth model based on renewable energy and respect for the environment.
In that regard he stressed the importance of reaching an agreement at the next U.N. summit on climate change, to be held at the Mexican resort of Cancun at the end of the year, so that “not another year is lost.”
Calderon said that on this trip the relationship of “global strategic partners” has been confirmed with Japan, marked by the 400 years of friendly relations between the two peoples that was celebrated in 2009.
The Mexican president also said that he has agreed with Hatoyama to step up trade and work together on such shared interests as nuclear disarmament, world peace and a quick accord on the Doha round to liberalize world trade. EFE
Source:laht.com/
Coca-Cola FEMSA Places US$ 500 Million of Senior Notes in the U.S. Capital Markets
On February 2, 2010, the Company successfully sold US$ 500 million of 10-year bonds at a yield of 4.689% (US Treasury + 105 basis points) with a coupon of 4.625%. This transaction is expected to settle on February 5, 2010.
The book was more than 6 times oversubscribed versus the initially announced size of US$ 400 million.
The proceeds will be used for debt refinancing and general corporate purposes.
Coca-Cola FEMSA, S.A.B. de C.V. produces and distributes Coca-Cola, Sprite, Fanta, Lift and other trademark beverages of The Coca-Cola Company in Mexico (a substantial part of central Mexico, including Mexico City and southeast Mexico), Guatemala (Guatemala City and surrounding areas), Nicaragua (nationwide), Costa Rica (nationwide), Panama (nationwide), Colombia (most of the country), Venezuela (nationwide), Brazil (greater São Paulo, Campiñas, Santos, the state of Mato Grosso do Sul, part of the state of Goias and part of the state of Minas Gerais) and Argentina (federal capital of Buenos Aires and surrounding areas), along with bottled water, beer and other beverages in some of these territories. The Company has 31 bottling facilities in Latin America and serves over 1,500,000 retailers in the region. The Coca-Cola Company owns a 31.6% equity interest in Coca-Cola FEMSA.
Ratio of KOF L to KOF = 10:1
Website: www.coca-colafemsa.com
For Further Information:
Investor Relations
Alfredo Fernández
Email Contact
(5255) 5081-5120 / 5121
Gonzalo García
Email Contact
(5255) 5081-5148
Roland Karig
Email Contact
(5255) 5081-5186
Source:money.cnn.com/
Core Molding shipping 90 jobs to Mexico
Truck parts maker Core Molding Technologies Inc. is moving 90 jobs to Mexico from its Columbus headquarters in the coming months as its largest customer makes a production shift of its own.
Core Molding (AMEX:CMT) said the jobs will be added at its Matamoros, Mexico, facility by the end of June as Navistar Inc., which supplied 57 percent of Core Molding’s 2008 revenue, is also shifting some of its production to an assembly plant it has in Escobedo, Mexico.
Core’s job relocation is part of an addendum to a supplier agreement it has with Navistar that runs through 2013. Under the terms, Navistar agrees to continuing buying from Core Molding all of its original equipment and service requirements attached to specified fiberglass reinforced products.
In a statement, President and CEO Kevin Barnett said the relocation of local jobs is unavoidable.
“This move allows us to better serve Navistar by reducing logistical costs associated with our products and improves our overall competitiveness,” he said. “We are also sensitive to the impact of this move on our Columbus work force who have contributed so much to our company, however this move could not be avoided due to Navistar’s production changes.”
The jobs transfers should be completed by June and cost Core approximately $4 million for transfer, startup and capital expenses tied to the move.
Core makes sheet molding composites and molds fiberglass-reinforced plastics for trucks, automobiles and personal watercraft at plants in Columbus, Batavia, Gaffney, S.C., and its Mexico plant. The company employs 933 overall, with 562 of them in the U.S.
The company in 2008 earned $5.64 million on $116.7 million in revenue.
Source:bizjournals.com/
Core Molding (AMEX:CMT) said the jobs will be added at its Matamoros, Mexico, facility by the end of June as Navistar Inc., which supplied 57 percent of Core Molding’s 2008 revenue, is also shifting some of its production to an assembly plant it has in Escobedo, Mexico.
Core’s job relocation is part of an addendum to a supplier agreement it has with Navistar that runs through 2013. Under the terms, Navistar agrees to continuing buying from Core Molding all of its original equipment and service requirements attached to specified fiberglass reinforced products.
In a statement, President and CEO Kevin Barnett said the relocation of local jobs is unavoidable.
“This move allows us to better serve Navistar by reducing logistical costs associated with our products and improves our overall competitiveness,” he said. “We are also sensitive to the impact of this move on our Columbus work force who have contributed so much to our company, however this move could not be avoided due to Navistar’s production changes.”
The jobs transfers should be completed by June and cost Core approximately $4 million for transfer, startup and capital expenses tied to the move.
Core makes sheet molding composites and molds fiberglass-reinforced plastics for trucks, automobiles and personal watercraft at plants in Columbus, Batavia, Gaffney, S.C., and its Mexico plant. The company employs 933 overall, with 562 of them in the U.S.
The company in 2008 earned $5.64 million on $116.7 million in revenue.
Source:bizjournals.com/
U.S. politicians should focus on drug war in Mexico
Three days ago in Mexico City a group of heavily armed gangsters ran into a house party. The ensuing rain of fully automatic gunfire left 13 teenagers dead and 17 others wounded. Witnesses to the slaughter say they believe the victims were innocent civilians who were mistakenly targeted by one of the area’s drug cartels.
Unfortunately, while a death toll of 13 innocent civilians in a single attack is disturbing, it is far from surprising in a country where more than 16,000 people have died as a result of drug related violence since 2007 according to the Los Angeles Times. In recent years, Mexico’s numerous drug cartels have resorted to guerilla warfare in the battle for access to the U.S. drug markets. Despite the fact that these cartels get all of their money, power and weapons from the U.S., the Obama administration has shown little desire to address the issue.
Over the last several years, tightened border security has meant Mexican cartels have found it more difficult to transport drugs into the U.S. The increased difficulty of accessing the U.S. has led many of these organizations to use other mafia style methods to earn money, including extortion, countless robberies and murdering anyone who stands in their way. This paired with Mexican President Felipe Calderón actively fighting the cartels when previous administrations simply collected large amounts of money from them, has turned the streets of our southern neighbor into urban warfare. In Juarez, a city directly across the border from El Paso, Texas, 2,000 people died last year alone as a result of the violence according to Gaurdian.co.uk.
Recently, U.S. politicians have been forced to acknowledge the war in Mexico, as it has begun spilling across the border into U.S. towns. Violence has erupted in U.S. streets, and people have even been kidnapped and taken back to Mexico and held ransom. The Obama administration has pledged $700 million to Mexican law enforcement in their war against the drug cartels according to CNN. Unfortunately, this money will likely have little or no impact. Mexico’s law enforcement agencies are among the most corrupt in the world; the cartels own as much of Mexico’s police force as Mexico does. As a result, even while President Calderón actively fights to stop these cartels, half the law enforcement is fighting to protect them.
Even the former head of Mexico’s drug enforcement agency has been charged with taking bribes from cartels. In such conditions it’s likely as much of the U.S.’s money will be used to protect drug lords as will be used to fight them. If we are only willing to supply money without man power we might as well do nothing at all.
If there is one country in the world the U.S. should have troops in, it is Mexico. I don’t normally advocate the U.S. military in foreign countries; in fact, I am almost universally against the idea. But when the U.S.’s actions directly create urban warfare in a neighboring country, it is sickening for the U.S. government not to take action.
The obvious reason many will argue we cannot militarily assist Mexico is our troops our already spread to thin.
The real question here though is how has the U.S. government allowed this to happen? How can we send a 40,000 troop surge to Afghanistan when just feet across our border a violent war is claiming four times as many lives a year as the wars in Iraq or Afghanistan, and it is being funded entirely with U.S. dollars? This is on top of the fact that no matter how hard we attempt to turn Iraq and Afghanistan into viable democracies, they will almost certainly revert back into dictatorships, and probably ones that hate America, within 25 years. If the Obama administration truly wished to create the kind of change he campaigned on, he would start fighting the war we have a moral obligation to fight, the one we created, the war at our doorsteps.
Source:kstatecollegian.com/
Unfortunately, while a death toll of 13 innocent civilians in a single attack is disturbing, it is far from surprising in a country where more than 16,000 people have died as a result of drug related violence since 2007 according to the Los Angeles Times. In recent years, Mexico’s numerous drug cartels have resorted to guerilla warfare in the battle for access to the U.S. drug markets. Despite the fact that these cartels get all of their money, power and weapons from the U.S., the Obama administration has shown little desire to address the issue.
Over the last several years, tightened border security has meant Mexican cartels have found it more difficult to transport drugs into the U.S. The increased difficulty of accessing the U.S. has led many of these organizations to use other mafia style methods to earn money, including extortion, countless robberies and murdering anyone who stands in their way. This paired with Mexican President Felipe Calderón actively fighting the cartels when previous administrations simply collected large amounts of money from them, has turned the streets of our southern neighbor into urban warfare. In Juarez, a city directly across the border from El Paso, Texas, 2,000 people died last year alone as a result of the violence according to Gaurdian.co.uk.
Recently, U.S. politicians have been forced to acknowledge the war in Mexico, as it has begun spilling across the border into U.S. towns. Violence has erupted in U.S. streets, and people have even been kidnapped and taken back to Mexico and held ransom. The Obama administration has pledged $700 million to Mexican law enforcement in their war against the drug cartels according to CNN. Unfortunately, this money will likely have little or no impact. Mexico’s law enforcement agencies are among the most corrupt in the world; the cartels own as much of Mexico’s police force as Mexico does. As a result, even while President Calderón actively fights to stop these cartels, half the law enforcement is fighting to protect them.
Even the former head of Mexico’s drug enforcement agency has been charged with taking bribes from cartels. In such conditions it’s likely as much of the U.S.’s money will be used to protect drug lords as will be used to fight them. If we are only willing to supply money without man power we might as well do nothing at all.
If there is one country in the world the U.S. should have troops in, it is Mexico. I don’t normally advocate the U.S. military in foreign countries; in fact, I am almost universally against the idea. But when the U.S.’s actions directly create urban warfare in a neighboring country, it is sickening for the U.S. government not to take action.
The obvious reason many will argue we cannot militarily assist Mexico is our troops our already spread to thin.
The real question here though is how has the U.S. government allowed this to happen? How can we send a 40,000 troop surge to Afghanistan when just feet across our border a violent war is claiming four times as many lives a year as the wars in Iraq or Afghanistan, and it is being funded entirely with U.S. dollars? This is on top of the fact that no matter how hard we attempt to turn Iraq and Afghanistan into viable democracies, they will almost certainly revert back into dictatorships, and probably ones that hate America, within 25 years. If the Obama administration truly wished to create the kind of change he campaigned on, he would start fighting the war we have a moral obligation to fight, the one we created, the war at our doorsteps.
Source:kstatecollegian.com/
Saturday, January 30, 2010
United Mexican States
The United Mexican States(Spanish: Estados Unidos Mexicanos, commonly known as Mexico (English: /ˈmɛksɪkoʊ/) (Spanish: México [ˈmexiko]), is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of Mexico. Covering almost 2 million square kilometres (over 760,000 sq mi), Mexico is the fifth-largest country in the Americas by total area and the 14th largest independent nation in the world. With an estimated population of 111 million, it is the 11th most populous country. Mexico is a federation comprising thirty-one states and a Federal District, the capital city.
In Pre-Columbian Mesoamerica many cultures matured into advanced civilizations such as the Olmec, the Toltec, the Teotihuacan, the Maya and the Aztec before the first contact with Europeans. In 1521, Spain conquered and colonized the territory, which was administered as the viceroyalty of New Spain which would eventually become Mexico as the colony gained independence in 1821. The post-independence period was characterized by economic instability, territorial secession and civil war, including foreign intervention, two empires and two long domestic dictatorships. The latter led to the Mexican Revolution in 1910, which culminated with the promulgation of the 1917 Constitution and the emergence of the country's current political system. Elections held in July 2000 marked the first time that an opposition party won the presidency from the Institutional Revolutionary Party (Spanish: Partido Revolucionario Institucional, PRI).
As a regional power and the only Latin American member of the Organisation for Economic Co-operation and Development (OECD) since 1994, Mexico is firmly established as an upper middle-income country, considered as a newly industrialized country and has the 13th largest nominal GDP, the 11th largest by purchasing power parity, and also the largest GDP per capita in Latin America according to the International Monetary Fund. The economy is strongly linked to those of its North American Free Trade Agreement (NAFTA) partners Despite Mexico's position as an emerging world power, the increase in drug-related violence and uneven income distribution remain issues of concern.
Source:en.wikipedia.org
In Pre-Columbian Mesoamerica many cultures matured into advanced civilizations such as the Olmec, the Toltec, the Teotihuacan, the Maya and the Aztec before the first contact with Europeans. In 1521, Spain conquered and colonized the territory, which was administered as the viceroyalty of New Spain which would eventually become Mexico as the colony gained independence in 1821. The post-independence period was characterized by economic instability, territorial secession and civil war, including foreign intervention, two empires and two long domestic dictatorships. The latter led to the Mexican Revolution in 1910, which culminated with the promulgation of the 1917 Constitution and the emergence of the country's current political system. Elections held in July 2000 marked the first time that an opposition party won the presidency from the Institutional Revolutionary Party (Spanish: Partido Revolucionario Institucional, PRI).
As a regional power and the only Latin American member of the Organisation for Economic Co-operation and Development (OECD) since 1994, Mexico is firmly established as an upper middle-income country, considered as a newly industrialized country and has the 13th largest nominal GDP, the 11th largest by purchasing power parity, and also the largest GDP per capita in Latin America according to the International Monetary Fund. The economy is strongly linked to those of its North American Free Trade Agreement (NAFTA) partners Despite Mexico's position as an emerging world power, the increase in drug-related violence and uneven income distribution remain issues of concern.
Source:en.wikipedia.org
Mexico Introduction
The site of advanced Amerindian civilizations, Mexico came under Spanish rule for three centuries before achieving independence early in the 19th century. A devaluation of the peso in late 1994 threw Mexico into economic turmoil, triggering the worst recession in over half a century. The nation had been making an impressive recovery until the global financial crisis hit in late 2008. Ongoing economic and social concerns include low real wages, underemployment for a large segment of the population, inequitable income distribution, and few advancement opportunities for the largely Amerindian population in the impoverished southern states. The elections held in 2000 marked the first time since the 1910 Mexican Revolution that an opposition candidate - Vicente FOX of the National Action Party (PAN) - defeated the party in government, the Institutional Revolutionary Party (PRI). He was succeeded in 2006 by another PAN candidate Felipe CALDERON. In January 2009, Mexico assumed a nonpermanent seat on the UN Security Council for the 2009-10 term.
Source:cia.gov
Source:cia.gov
Mexico economy
Mexico has a free market economy in the trillion dollar class. It contains a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector. Recent administrations have expanded competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution, and airports. Per capita income is roughly one-third that of the US; income distribution remains highly unequal. Trade with the US and Canada has nearly tripled since the implementation of NAFTA in 1994. Mexico has 12 free trade agreements with over 40 countries including, Guatemala, Honduras, El Salvador, the European Free Trade Area, and Japan, putting more than 90% of trade under free trade agreements. In 2007, during its first year in office, the Felipe CALDERON administration was able to garner support from the opposition to successfully pass pension and fiscal reforms. The administration passed an energy reform measure in 2008, and another fiscal reform in 2009. Mexico's GDP plunged more than 7% in 2009 as world demand for exports dropped and asset prices tumbled, but GDP is expected to post positive growth late in 2010. The administration continues to face many economic challenges, including improving the public education system, upgrading infrastructure, modernizing labor laws, and fostering private investment in the energy sector. CALDERON has stated that his top economic priorities remain reducing poverty and creating jobs.
Source:cia.gov/
Source:cia.gov/
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