Saturday, September 05, 2009

News Summary for the most important news this week...


++ President Felipe Calderón presented his Third state of the nation address at the National Palace and not before Congress as was customary. A 10 point reform package that seeks to bring about progress in fields such as poverty, health, education and public finances through greater fiscal revenues was put forward. President Calderón urged profound changes with the risks and costs they imply.
++ In the written report of the President´s speech, the Attorney General’s Office charged that over the last year drug cartels recruited minors to be drug pushers.
++ In economic news, Bank of Mexico governor Guillermo Ortiz said there will be no immediate improvement in economic production this year.
++ The richest man in Mexico, businessman Carlos Slim said the crisis is economic and not financial… He said that because of that banks have resources they could invest in infrastructure and development, to create jobs and soften the economic blow.
++ British Petroleum announced it discovered a huge oil field in deep waters in the Gulf of Mexico… More tests are needed to ascertain precise volumes, but they could amount to more than 3 billion barrels of crude.
++ Hurricane Jimena, caused severe damage in Comondú and Puerto de San Carlos in the northern part of Baja California Sur, and in Empalme and Guaymas in Sonora. Paradoxically the rest of the country is suffering from a severe draught.
+++ Fostering international cooperation against crime, the United States and Mexico signed an agreement to launch a border telecommunications network, so as to share information to improve response capability with regard to organized crime. In another border event, Governors from 10 Border States in the United States and Mexico were meeting in Monterrey, Nuevo León, to move ahead with the Plan for Competitive and Sustainable Development of the United States–Mexico Border Region: 2030 Vision.
++In drug related news, Michoacán deputy public security Secretary José Manuel Revueltas was executed in Morelia together with his two bodyguards and an armed commando shot and killed 18 drug addicts at a drug rehabilitation center in Ciudad Juárez, Chihuahua.
++The break within the PRD is becoming more evident. New Left deputies within the PRD demanded that Andrés Manuel López Obrador clarify where he got the 50 million pesos that have allowed him to finance his so-called “legitimate presidency” over the past three years.

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