Thursday, October 29, 2009

News Summary for October 29th, 2009

++ PRI senators were still discussing increases to the value-added tax or IVA, the income tax and the tax on cash deposits in bank accounts… Fernando Castro Trenti confirmed that negotiations are blocked on the IVA issue. PRI senators were also discussing increasing IVA to 16 percent but only for one year.

++ The PRD stood by its position opposed to raising the IVA tax, even for just one year.

++ The Mexican Stock Market lost ground for the sixth consecutive day… The IPC shed 2.19 percent, sparked by uncertainty surrounding discussions on the 2010 fiscal package.

++ Former PAN leader Manuel Espino said the fiscal package approved by the Chamber of Deputies will pull Mexicans into further misery.

++ Mexican Electricians Union leader Martín Esparza Flores filed a legal writ seeking legal protection against the decree to liquidate power utility Luz y Fuerza del Centro.

++ Labor Secretary Javier Lozano said he would return to the Chamber of Deputies to appear before deputies, but he requested respect and civility.

++ The Supreme Court postponed reaching a decision on legal protection measures that would free 27 people accused in the 1997 Acteal, Chiapas massacre.

++ The Chiapas Attorney General’s Office requested the delay, saying there is evidence to back up the participation in the massacre of former public servants.

++ The Mexico City Health Secretariat raised the health alert from green to yellow, in view of an increase in respiratory diseases, among them confirmed cases of AH1N1 influenza… The measure does not mean social separation, nor closing down establishments, only strengthening cleanliness and hygiene.

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