31 July 2009

INEGI: Transportation spending -15.7% , seasonally adjusted, annualized in May v. -27.4% in Apr ; annual trend rate at 11.2%

INEGI: Electricity & communications spending -64.3% , seasonally adjusted, annualized in May v. 372.6% in Apr ; annual trend rate at 11.8%

COREX: INEGI: Petroleum & petrochemical spending -42.4% , seasonally adjusted, annualized in May v. 307.2% in Apr ; annual trend rate at 24.8%

INEGI: Petroleum & petrochemical spending -42.4% , seasonally adjusted, annualized in Mar v. 307.2% in May ; annual trend rate at 24.8%

INEGI: Total metal mining output -18.5% , seasonally adjusted, annualized in May v. 466.8% in Apr ; annual trend rate at -13.0%

Markets: Peso firmed 0.06% at close Fri at 48hr sell rate of 13.2025 v. open of 13.2100 -- range 13.1836 - 13.2300

Corex: Top Story Reforma: Pipeline Theft Costs Pemex MXN9bln - In the past year, Pemex registered gasoline, other fuels losses due to crime

Editorial Universal: The threat of Manuel Zelaya to incite popular insurrection to turn back coup is wrong path - diplomacy, not arms needed

Top Story Universal: Theft Financed Parallel Pemex - While state-owned company operates with losses, organized crime has built profits

Editorial Jornada: Govt antipathy toward striking miners reflects anti-labor philosophy; worker rights, decent salaries are at stake

Top Story Jornada: 12 Gangs Control Illegal Fuel Market - A network of organized crime for more than a decade has stolen Pemex fuels

Top Biz Story Reforma: OECD Calls For Reforms - New gasoline tax, eliminate LP gas, domestic fuel subsidies, among reforma proposals

Top Biz Story Reforma: Pipeline Theft Costs Pemex MXN9bln - In the past year, Pemex registered gasoline, other fuels loss equal to MXN9.3bln

Top Story Economista: GDP -10.4%, Forecasts FinMin - Between April and June Q2 drops on global recession, Holy Week seasonal effect, and flu

Top Story Excelsior: 20% Of Companies Cut Staff: Banxico - Survey reveals 1 in 5 of large firms will have to make further personnel cuts

Top Story Milenio: Expulsion Of AMLO Fractures New Left - Petition to expel Lopez Obrador from party divides PRD, fails to win passage

Markets: Bolsa IPC up 0.75% in midday trade Fri at 27,011.02 v. Thu close of 26,810.27 - up 1.11% -- Thu range 26,524.12 - 26,914.96

Markets: Peso flat in midday trade Fri at 48hr sell rate of 13.24 v. Thu close of 13.24 - firmed 0.4% -- Thu range 13.21 - 13.24

30 July 2009

Markets: Peso firmed 0.7% in early trade Thu at 48hr sell rate of 13.20 v. Wed close of 13.29 - weakened 0.2% -- Wed range 13.24 - 13.31

Markets: Bolsa IPC up 1.29% in early trade Thu at 26,857.99 v. Wed close of 26,516.50 - down 1.24% -- Wed range 26,449.22 - 26,838.14

Editorial Universal: How did it take 15yrs to discover ProCampo, costliest rural aid program, was abused? Corruption, lack of evaluation

Top Story Universal: Tapping Oil Pipelines, Inside Job - Federal agents raided Pemex security facilities as part of investigation into crime

Editorial Jornada: US intent to review Mexico's human rights as pre-condition for more Merida funds violates Mexican sovereignty

Top Story Jornada: Officials: 2009 Will See 735k Formal Job Losses - Employment destruction equal to double of post created in past two yrs

Top Story Economista: Banxico Calls For Fiscal Reform - Central bank adds voice to chorus on need for imminent tax overhaul

Top Story Reforma: General Detained For Oil Pipe Tapping - Top Pemex General of Security arrested by Federal Police for role in oil theft

Top Biz Story Reforma: OECD Warns On Retirement System Risk - Afore system one of the riskiest among OECD members, organization says

Top Story Excelsior: Mexico To Lose 735,000 jobs - Central bank says crisis to wipe out 735k formal private jobs this year; Q2 to fall 11%

Top Story Milenio: Kidnap Mediators Generate Impunity: SSP - Public Security Ministry: private advisers hired to secure release slow justice

Top Story Cronica: Negotiator For Gang That Kidnapped Silvia Nabbed - Brother of kidnap gang emerges from hiding after Los Rojos arrested

29 July 2009

The State Council of Civil Protection has confirmed the dead of 7 tourists caused by high tides & 8 meter waves off the coast of Guerrero.

Markets: Peso weakened 0.30% at close Wed at 48hr sell rate of 13.2890 v. open of 13.2495 -- range 13.2350 - 13.3050

Markets: Bolsa IPC down 1.20% at close Wed at 26,516.50 v. open of 26,838.14 -- range 26,449.22 - 26,838.14

Top Story Universal: Ag Ministry Announced Cleanup Of Procampo - Authorities to review case-by-base the recipients of farm subsidies

Editorial Jornada: The disorganized mish-mash of identity docs requirements by different institutions is a problem, but what about privacy?

Top Story Jornada: 19yrs Later, Identity Cards - First mandated in 1990, govt ready to emit biometric nat'l identity cards for all Mexicans

Top Story Reforma: Prepare Alert For Influenza - Health authorities gearing up for return of A(H1N1); inventory of medicine, equipment

Top Biz Story Reforma: Businesses Deal With Crisis - In Q2, companies have cut costs, reinvented products, improved distribution, and fired

Top Biz Story Reforma: Prepare Alert For Influenza - Health authorities gearing up for return of A(H1N1); inventory of medicine, equipment

Top Story Financiero: Economic Model Spent - Mexico's economic model has hit a wall; limited to growth of 2% to 3%, says Industry Chamber

Top Story Economista: Bank of Mexico Leads Public Opinion - Among financial institutions, central bank on top, Finance Ministry among last

Top Story Excelsior: Justice Still Not Served - Gang charged, but Nelson Vargas wants authorities to pursue kidnap-murder of daughter

Top Story Milenio: Gangs Caught, But Kidnapping Rates Continue Unchanged - As cartels expand into kidnap crime, incidents rise 3% YTD 2009

Markets: Bolsa IPC down 1.45% in early trade Wed at 26,460.28 v. Tue close of 26,850.75 - up 0.13% -- Tue range 26,598.66 - 26,918.02

Markets: Peso firmed 0.2% in early trade Wed at 48hr sell rate of 13.26 v. Tue close of 13.29 - weakened 0.5% -- Tue range 13.17 - 13.30

INEGI: Agriculture Igae -65.1% , seasonally adjusted, annualized in Feb v. 52.9% in Jan ; annual trend rate at -2.9%

INEGI: Total GDP proxy Igae -11.2% , seasonally adjusted, annualized in Feb v. -4.2% in Jan ; annual trend rate at -7.5%

INEGI: Services Igae -5.7% , seasonally adjusted, annualized in Feb v. -12.1% in Jan ; annual trend rate at -4.6%

INEGI: Industry Igae -23.4% , seasonally adjusted, annualized in Feb v. 15.8% in Jan ; annual trend rate at -9.3%

28 July 2009

Markets: Bolsa IPC up 0.11% in early trade Tue at 26,844.15 v. Mon close of 26,815.30 - up 0.63% -- Mon range 26,439.78 - 26,855.70

Markets: Peso firmed 0.2% in early trade Tue at 48hr sell rate of 13.27 v. Mon close of 13.29 - weakened 0.5% -- Mon range 13.17 - 13.30

Editorial Universal: Farm subsidies created 15yrs ago to help compete with US, Canada has not raised productivity or reduced rural poverty

Top Story Universal: Procampo Finances Narcos & Their Families - Govt ag subsidy program has ended up funding cartels for past 15 yrs

Editorial Jornada: Business community's intense displeasure with Calderon administration could lead to a partisan realignment in future

Top Story Reforma: Party's Over; Mayors Suffer - Drop in oil prices hit municipalities; budget cuts, unpaid vacations, staff cuts follow

Top Biz Story Reforma: Bad Loans Halt Growth - In June, bad bank debt halted new credit for first time in 5 months; unpaid loans reach 3.9%

Top Story Financiero: Drought Hits States - Crisis in public revenue strikes states, who received only MXN24bln in federal transfers

Top Story Excelsior: Ratings Agencies Say Budget Cuts Not Enough - Moody's applauds cutbacks, says fiscal reform is ultimately necessary

Top Story Cronica: Renew PRD, Essential For Survival: Chucho - PRD Prez Jesus Ortega says party must renew or wither after electoral debacle

Top Story Milenio: Crime-Fighting Requires Secrecy: PGR To CNDH - Attorney General responds to Human Rights Commission suit for disclosures

Markets: Bolsa IPC up 0.63% at close Tue at 26,815.30 v. open of 26,647.56 -- range 26,439.78 - 26,855.70

Markets: Peso weakened 0.75% at close Tue at 48hr sell rate of 13.2920 v. open of 13.1930 -- range 13.1670 - 13.2988

27 July 2009

Editorial Universal: Mexico's victory in Gold Cup a glimpse of happiness in an otherwise brutally bleak year; restores some optimism

Top Story Universal: Procampo Looted For 15yrs - Of MXN171bln, 80% has gone to 20% richest farmers, failed to help small farmers modernize

Opinion Jornada: Nobel Prize laureate and ex-Costa Rica President Oscar Arias lost credibility by criticizing Zelaya's return to Honduras

Top Story Jornada: Liberal habits of US nuns at risk - Vatican investigating if lifestyles, opinions too modern; they even wear jeans

Top Story Reforma: Bonus For ALDF... But Disguised! - 66 deputies of Fed Dist Leg Assembly to receive 'savings fund' of MXN500mln per year

Top Biz Story Reforma: Paperwork Binds New Refinery - Govt backlog on 20% of requests for property deeds has stalled US$9bln project

Top Story Financerio: Countercyclical Spending Plan Annulled - With the budget cuts, 0.7% of GDP stimuli wiped out, half of +1.5% projected

Top Story Economista: 3rd Budget Cut Possible - Lawmakers say another round of reductions in 2H09 possible, 2010 budget to be austere

Top Story Excelsior: Not A Peso For Schools - Finance Ministry has scaled back on MXN14bln in spending in 2009, education bears the brunt

Top Story Hidaglo: Hidaglo 207 Hectares Away From New Refinery - In race between Guanjuato and Hidalgo to win project, Hidalgo in lead

Top Story Milenio: CNDH Impugns Hermetic PGR - National Commission of Human Rights filed suit with Supreme Court against Attorney General

Markets: Bolsa IPC down 0.26% in early trade Mon at 26,576.86 v. Fri close of 26,646.37 - down 0.59% -- Fri range 26,510.68 - 26,851.15

Markets: Peso firmed 0.0% in early trade Mon at 48hr sell rate of 13.22 v. Fri close of 13.23 - weakened 0.1% -- Fri range 13.19 - 13.25

26 July 2009

Top Story Univeral: State Of Mexico, On Maximum Alert For H1N1 - Resurgence of influenza forces state to implement 10-point contingency plan

Top Story Reforma: Funding For Oaxaca 'Lost' - MXN300mln from National Disasters Funds for homes, highways damaged in 2008 rains missing

Top Story Jornada: Zelaya Calls On Obama To Pressure Coup Govt - Honduran president calls on US for sanctions, travel restrictions

Top Story Excelsior: States' revenue plunges 27% - Fed govt cut more than a quarter of resources for 32 states; lower oil prices aggravate

Top Story Cronica: War On Drugs Leaves 6k Unclaimed Corpses - Since Dec 1, 2006, Attorney General's Office reports some 6k unclaimed bodies

Top Story Milenio: PRG Seizes Antiaircraft Arsenal From Narco - Attorney General's Office says organized crime a step ahead in armament

25 July 2009

Top Story Reforma: Filters Brought Back For Flu - As A(H1N1) influenza grows in some states, masks, respirators, gel alcohol trucked back in

Top Story Jornada: Zelaya Steps On Honduran Soil, Returns to Nicaragua - Police, military repress protests by ousted president's supporters

Top Story Univeral: Cuts To Hit Education Hardest - Education Ministry to receive deepest cut in federal budget adjustment, says FinMin

Top Story Cronica: Pemex Still Undecided; Hidalgo At Advantage - State oil company says Hidalgo, Guanajuato both failed refinery deadlines

Top Story Milenio: Army Attack To Clean Up Image: CNDH - National Human Rights Commission President said army charges against CNDH strategic

24 July 2009

Markets: Bolsa IPC down 0.59% at close Fri at 26,646.37 v. open of 26,805.77 -- range 26,510.68 - 26,851.15

Markets: Peso weakened 0.24% at close Fri at 48hr sell rate of 13.2280 v. open of 13.1960 -- range 13.1860 - 13.2500

INEGI: May seasonally adjusted, annualized retail sales fell -34.10% v. 4.63% in Apr -- annual trend rate -6.60%

INEGI: May seasonally adjusted, annualized wholesales sales fell -21.89% v. -22.67% in Apr -- annual trend rate -13.09%

Markets: Peso firmed 0.4% in early trade Fri at 48hr sell rate of 13.19 v. Thu close of 13.24 - firmed 0.9% -- Thu range 13.20 - 13.27

Markets: Bolsa IPC up 0.05% in early trade Fri at 26,819.09 v. Thu close of 26,805.42 - up 1.97% -- Thu range 26,287.45 - 26,896.77

Top Story Universal: No Plan For New Outbreak: Congress - Health Committee warns country has not prepared for a fresh outbreak of H1N1 virus

Editorial Jornada: Budget cutback worrisome; but it is critical that spending priorities protect the poor and not the rich during the crisis

Top Story Jornada: Military Justice Given Extraordinary Powers - Calderon decree gave top National Defense prosecutor power to rep Los Pinos

Top Story Reforma: Refinery Up In The Air - Megainvestment of US$9bln does not have a site; 100 day limit ends without formal land donation

Top Biz Story Reforma: Finance Ministry Slashes MXN50bln - Adjustment follows MXN35bln in May as 2009 budget estimate overshoots by 17%

Top Story Financiero: Crisis Provokes Spending Cutback Of MXN50bln - Made to help reduce projected budget shortfall of MXN421bln this year

Top Story Economista: Another Slice Into Public Spending - Finance Ministry announced cutback of MX50bln in budget outlays; second this year

Top Story Excelsior: Hidalgo Ties Up New Refinery - Required all 100 days to negotiate, site was shifted, but it now has the required land

Top Story Cronica: MXN50bln In Spending Cut - Finance Ministry announces 2nd round of budget cuts this year due to lower tax intake, oil

23 July 2009

Markets: Bolsa IPC up 1.97% at close Thu at 26,805.42 v. open of 26,287.45 -- range 26,287.45 - 26,896.77

Markets: Peso weakened 0.06% at close Thu at 48hr sell rate of 13.2100 v. open of 13.2020 -- range 13.1450 - 13.2200

REPEAT: INEGI: Jun seasonally adjusted, annualized Petroleum Exports rose 445.48% v. 291.17% in May -- annual trend rate 66.92%

REPEAT: INEGI: Jun seasonally adjusted, annualized Consumer Goods Imports rose 120.84% v. -18.90% in May -- annual trend rate 5.41%

REPEAT: INEGI: Jun seasonally adjusted, annualized Intermediate Goods Imports rose 106.05% v. -20.06% in May -- annual trend rate -5.40%

REPEAT: INEGI: Jun seasonally adjusted, annualized Non-Petroleum Exports rose 16.83% v. -31.83% in May -- annual trend rate -6.31%

REPEAT: INEGI: Jun seasonally adjusted, annualized imports rose 101.93% v. -33.64% in May -- annual trend rate -0.82%

REPEAT: INEGI: Jun seasonally adjusted, annualized exports rose 60.83% v. -32.23% in May -- annual trend rate -11.40%

INEGI: Jun seasonally adjusted, annualized Petroleum Exports rose 445.48% v. 291.17% in May -- annual trend rate 66.92%

INEGI: Jun seasonally adjusted, annualized Consumer Goods Imports rose 120.84% v. -18.90% in May -- annual trend rate 5.41%

INEGI: Jun seasonally adjusted, annualized Capital Goods Imports rose 127.39% v. -60.22% in May -- annual trend rate -19.03%

Banxico: Headline consumer inflation drops to 5.54% annual in first-half Jul v. 5.73% end of Jun; core inflation from 5.35% to 5.33%

Markets: Bolsa IPC up 0.22% in early trade Thu at 26,344.76 v. Wed close of 26,288.21 - up 1.09% -- Wed range 25,917.12 - 26,378.74

Markets: Peso firmed 0.3% in early trade Thu at 48hr sell rate of 13.20 v. Wed close of 13.24 - firmed 0.9% -- Wed range 13.20 - 13.27

Top Story Universal: New Outbreak Of H1N1; 10 Dead In 4 Days - Health Ministry confirms new wave of infections in southeast; 632 new cases

Editorial Jornada: Companies find difficult recruiting in Mexico as neoliberal policies have relied on northern maquiladoras and migration

Top Story Jornada: 50 Experts Criticize Calderon Administration - Academics score average of 5.18 of 10 for "inefficient" results, policies

Top Story Reforma: Time's Up, No Land - 100 days given by Pemex to Hidalgo to secure site for refinery ended without full legal requirements

Top Story: Fiscal Vulnerability Worsens Crisis - Structural limitations, fiscal vulnerability deepen the downturn of global crisis in Mexico

Top Story Economista: Worst Of Joblessness Still To Come - Unemployment levels, at worst since 1995, will worsen next year, say analysts

Top Story Excelsior: PRD Objects To PRI-Green Majority - Leftist party says 8% over-representation cap for PR seats would give alliance 248

Top Story Milenio: Creel Group Seeks Dialog With Calderon - Bloc that opposes Cesar Nava as president of PAN wants talks with president

Top Story Cronica: 4 Nabbed For Execution Of 12 Federales - 4 La Familia Cartel members arrested for recent slaying of 12 Federal Police

22 July 2009

Markets: Bolsa IPC up 1.09% at close Wed at 26,288.21 v. open of 26,004.08 -- range 25,917.12 - 26,378.74

Markets: Peso firmed 0.24% at close Wed at 48hr sell rate of 13.2350 v. open of 13.2675 -- range 13.1985 - 13.2675

INEGI: The Jun seasonally adjusted, annualized urban unemployment rate fell to 6.60% v. 7.53% in May -- annual trend rate 6.81%

INEGI: The Jun seasonally adjusted, annualized national open unemployment rate fell to 5.61% v. 6.06% in May -- annual trend rate 5.60%

Markets: Bolsa IPC up 0.71% in early trade Wed at 26,188.94 v. Tue close of 26,004.02 - down 1.07% -- Tue range 25,804.10 - 26,450.33

Markets: Peso firmed 0.3% in early trade Wed at 48hr sell rate of 13.32 v. Tue close of 13.36 - weakened 0.6% -- Tue range 13.24 - 13.36

Editorial Universal: In face of crisis, growing poverty, social programs should not be cut as some argue; but perhaps it is time for reforms

Top Story Universal: Water Shortage In Fed Dist (DF); Drought Crisis - 10 DF boroughs, 13 State of Mexico municipalities to receive less H20

Editorial Jornada: Central bank ruling to eliminate bank commissions positive, but falls short of necessary reductions vs. other countries

Top Story Jornada: Mexico On The Brink, Warns Ebrard - Mexico City mayor says without economic policy changes, country faces stagnation

Top Story Excelsior: Nava Snubs PAN Opposition Bloc - Cesar Nava, running for PAN national presidency: election depends on National Council

Top Story Reforma: Guerrero Slams Its Door On Citizens - State bureaucrats given 15 days mandatory vacations to confront fiscal crisis

Top Biz Story Reforma: Govt Fails Against Piracy - 3yrs after signing National Piracy Accord, statistics show copyright abuse on the rise

Top Story Financiero: Risk Of New Wave Of Inflation Pressure - Inflation has eased, but less than in other countries; govt prices may rise

Top Story Economista: SAT Turns Over 80k Companies To Credit Bureau - Tax administration sends list of business debtors to bureau

Top Story Milenio: Interior Minister To Narco: We Are Come And Get Us - Fernando Gomez Mont challenges La Famila to confront authorities

Top Story Cronica: Banxico Eliminates 9 Bank Commissions - Central bank says measures to increase transaparency, promote transparency

21 July 2009

Markets: Bolsa IPC down 1.06% at close Tue at 26,004.02 v. open of 26,282.06 -- range 25,804.10 - 26,450.33

Markets: Peso weakened 0.81% at close Tue at 48hr sell rate of 13.3575 v. open of 13.2500 -- range 13.2400 - 13.3575

Banxico: International reserves slip to US$73.626bln on Jul 17 from US$73.699bln on Jul 10

Markets: Bolsa IPC up 0.59% in early trade Tue at 26,438.40 v. Mon close of 26,284.06 - up 2.11% -- Mon range 25,754.68 - 26,407.19

Markets: Peso firmed 0.1% in early trade Tue at 48hr sell rate of 13.27 v. Mon close of 13.28 - firmed 0.4% -- Mon range 13.28 - 13.34

Editorial Universal: Struggle within PAN reflects authoritarian culture of PRI, which seems to persist in all of the country's parties

Top Story Universal: PAN Rebellion; Nava Isolated - Los Pinos-based candidate to lead party blocked by 6 different PAN factions

Editorial Jornada: International community, especially US, has not resisted with vigor the coup-de-etat in Honduras; military and elite rule

Top Story Jornada: Poverty Grows, But Programs Working - Social Development Ministry says despite increase of 6mln poor, govt programs work

Top Story Reforma: Dependence On Food Imports Grows - Mexico imports up to 80% of rice it consumes; wheat, corn, beef and pork also imported

Top Biz Story Reforma: Poor Depend On Welfare, Remittances - 45% of income comes from transfers; in 2008 poorest homes received MXN2,039/mo

Top Story Economista: Govt, Private Sector Agree To Slash Regulation - Business Coordinating Council, Economy Minister work to cut red tape

Top Story Financiero: Calderon Sees 9% Fall In GDP - President says economy probably contracted that much in first half of year

Top Story Excelsior: Some Within PAN Denounce 'Imposition' Of Cesar Nava To Lead Party - Groups within party unite against Calderon's choice

Top Story Milenio - Army Admits 35 Human Rights Abuses In Counternarcotics Effort - National Human Rights Commission has made charges

Top Story Cronica: PAN Rebels; Boycotts Nava - Various PAN heavyweights object to Cesar Nava as successor to German Martinez to lead PAN

20 July 2009

Markets: Bolsa IPC up 2.04% at close Mon at 26,284.06 v. open of 25,758.29 -- range 25,754.68 - 26,407.19

Markets: Peso firmed 0.11% at close Mon at 48hr sell rate of 13.2825 v. open of 13.2970 -- range 13.2825 - 13.3449

Markets: Bolsa IPC up 1.21% in early trade Mon at 26,053.01 v. Fri close of 25,741.96 - up 0.02% -- Fri range 25,564.50 - 25,881.17

COREX: Markets: Peso firmed 0.5% in early trade Mon at 48hr sell rate of 13.28 v. Fri close of 13.34 - firmed 2.0% on Fri

Markets: Peso firmed 4.0% in early trade Mon at 48hr sell rate of 13.28 v. Fri close of 13.84 - weakened 1.7% -- Fri range 13.29 - 13.26

Editorial Universal: Mexico learned economy in the 80s and 90s, enacted reforms; time for the same to happen in terms of the justice system

Top Story Universal: Petriciolet & La Flor, One In The Same: PGJDF - Fed Dist Attorney General says fed arrests on Marti case from same gang

Editorial Jornada: Federal arrests of municipal officials without coordination with states, clashing accusations reveal lack of cooperation

Top Story Reforma: Addiction On Rise In Mexico - In 6yrs, number of addicts up 78%, despite increase in drug seizures: Conadic

Top Biz Story Reforma: Engineering Failures Hit Pemex - Engineering failures in recent years have caused problems, delays, cost overruns

Top Story Financiero: Recovery Optimism Premature - Market optimism over 2H rebound premature; data and reports continue to be mixed

Top Story Economista: Employment Programs Underspend - First wave of govt anti-unemployment programs end with only half of budget disbursed

Top Story Excelsior: Chamber Majority Pact - PRI and Green Party formalize alliance in lower-house of Congress; reach 259 votes of 500 total

Top Story Milenio: PRD Expels 3k Fence Jumpers - PRD tosses out some 3k members that ran for other parties in July; they may solicit return

Top Story Cronica: PRD Decides To Expel 3k - Leftist party will expel perredistas that ran for office under banner of other parties in July

19 July 2009

Top Story Reforma: Whistleblowing Dangerous - In Mexico, reporting organized criminals can cost you your life or drive you into exile

Top Story Jornada: Half Of All Mexicans Live On MX1,900/Mo - Poverty rising; half of population cannot pay for basic necessities

Top Story Universal: Antipoverty Programs Overwhelmed - Number of poor grows 6mln in past two years, despite Calderon's antipoverty programs

Top Story Excelsior: Extreme Violence, Calling Card of Petriciolet - 2 members of criminal gang accused by feds in Marti kidnap confessed

Top Story Cronica: SRT Mulls Extradition Of Morett - Foreign Affairs Ministry analyzes extraditing Mexican Lucia Morett Alvarez to Colombia

18 July 2009

Top Story Jornada: US Companies Vie For Antidrug Bounty - Some 40 US firms compete for the hundreds millions of dollars in Merida Plan

Top Story Reforma: Marti Case Reveals Police Rivalry - Fed Dist police stand by arrest of La Flor gang; Public Security Min fingers others

Top Story Milenio: Marti Father Defends Federal District Attorney General - Alejandro Marti casts doubt on Federal Public Security Ministry

Top Story Cronica: Killers Of Marti, Equihua Confess - Public Security Ministry nabs 2 from Petriciolet band, say confessed to murders

17 July 2009

Markets: Bolsa IPC up 0.03% at close Fri at 25,741.96 v. open of 25,733.70 -- range 25,564.50 - 25,881.17

Markets: Peso firmed 0.97% at close Fri at 48hr sell rate of 13.3390 v. open of 13.4700 -- range 13.2852 - 13.4800

INEGI: May seasonally adjusted, annualized IP/Construction -18.16% v. 9.24% in Apr -- annual trend rate -3.45%

INEGI: May seasonally adjusted, annualized IP/Mining -6.09% v. 1.48% in Apr -- annual trend rate -0.78%

INEGI: May seasonally adjusted, annualized Industrial Production Index -23.38% v. 15.80% in Apr -- annual trend rate -9.25%

Banxico: Central bank board votes to reduce benchmark overnight interest rates 25 basis points to 4.50 percent; says time for 'pause'

Markets: Peso firmed 1.5% in early trade Fri at 48hr sell rate of 13.62 v. Thu close of 13.84 - weakened 2.0% -- Thu range 13.55 - 13.26

Markets: Bolsa IPC up 5.36% in early trade Fri at 25,644.92 v. Thu close of 24,340.65 - down 3.93% -- Thu range 25,290.46 - 25,737.59

Editorial Universal: Due to crisis, average household income fell 1.6% in past 2yrs, as wealth distribution and quality of life worsened

Top Story Universal: Inegi Reports Growing Inequality - The small advance toward equality reported in 2006 retreated in 2008: ENIGH survey

Editorial Jornada: Sending more troops to Michoacan has already proven useless, why repeat it without implementing integral changes?

Top Story Jornada: Canadians Control 70% Of Gold, Silver Mines In Mexico - Canadian mining companies control more than 70% of mine projects

Top Story Reforma: The Poor Get Poorer - In past 2yrs, 10% of poorest homes lost 8% of their income in real terms, Inegi says

Top Biz Story Reforma: Families Opt To Spend On Food - Mexican households have restructured spending to concentrate on vital goods, services

Top Story Financiero - Investment Uncertainty: Tellez - Lack of govt transparency and competitive decisions generates nervousness, says

Top Story Economista: SCT Delays Spending - More than US$8bln in National Infrastructure Program works are frozen by Transport Ministry

Top Story Excelsior: War On La Familia By Sky, Sea & Land - Govt to send 5,500 security agents to reinforce war on crime in Michoacan

Top Story Cronica: Cardenas, Willing To Start Over - 20yrs later, Cuauhtemoc Cardenas willing to create a new leftist party

16 July 2009

Markets: Peso weakened 0.48% at close Thu at 48hr sell rate of 13.6099 v. open of 13.5450 -- range 13.5450 - 13.6450

Editorial Jornada: SCT needs to enforce aviation laws, but campaign against Aviacsa Airlines smacks of dirty politics in favor of other LCC

Top Story Jornada: Army, Navy Sideline Public Security Ministry - Set conditions for their participation; no more joint operations

Editorial Universal: La Familia call for dialog, pact shows how cartels are evolving, growing in power; new strategy surprises

Top Story Universal: Narco Calls For Fair War; Govt Won't Negotiate - La Tuta, leader of La Familia, proposed dialog with Calderon; rejected

Top Story Reforma: La Familia Calls For Pact; Govt Says No - Unprecedented move by organized crime, capo publicly calls for dialog, pact

Top Biz Story Reforma: Mexico Needs To Bet On Talent - IMCO says Mexico needs to develop its human capital to attract and retain investment

Top Story Economista: Deputies Halt Competitiveness - Lack of consensus leads deputies to shelve new National Competitiveness System Law

Top Story Excelsior: No Dialog, No Pacts With Cartels - Fed govt will never dialog or negotiate with organized crime, says Interior Minister

Top Story Cronica: Cardenas Opposes Amnesty For AMLO - Cuauhtemoc Cardenas disparages PRD deal forgiving AMLO for supporting other parties

Top Story Milenio: With Narcos, No Dialog, No Talks: Segob - Interior Minister says no deals with narcos; anti-crime campaigns to continue

Markets: Bolsa IPC up 4.58% in early trade Thu at 25,455.78 v. Wed close of 24,340.65 - down 0.00% -- Wed range 24,340.65 - 25,336.39

Markets: Peso firmed 1.9% in early trade Thu at 48hr sell rate of 13.58 v. Wed close of 13.84 - firmed 0.0% -- Wed range 13.54 - 13.26

15 July 2009

Markets: Bolsa IPC up 4.09% at close Wed at 25,336.33 v. open of 24,340.79 -- range 24,340.789 - 25,336.391

Markets: Peso firmed 1.02% at close Wed at 48hr sell rate of 13.5675 v. open of 13.7075 -- range 13.5380 - 13.7225

Markets: Bolsa IPC up 1.80% in early trade Wed at 24,778.81 v. Tue close of 24,340.65 - up 2.89% -- Tue range 23,534.08 - 23,952.77

Markets: Peso firmed 0.9% in early trade Wed at 48hr sell rate of 13.71 v. Tue close of 13.84 - weakened 1.1% -- Tue range 13.74 - 13.26

Editorial Universal: New Canadian visa requirement for Mexicans understandable due to flood of refugee requests, but drug traffic plays role

Top Story Universal: Narco, Brother Of Godoy - Public Security Ministry accuses Julio Godoy, half brother of Michoacan governor, as narco

Editorial Jornada: New Canadian visa requirement for Mexicans understandable, but announcement poorly executed from diplomatic standpoint

Top Story Jornada: Narco Not Targeting Civilians: Los Pinos - Govt says drug wars aimed at security forces, not ordinary civilians

Top Story Reforma: Federal Agents Retreat - After 4 days of attacks and 17 federal agents dead, fed police retreats to a few key posts

Top Biz Story Reforma: Pidiregas Triples External Debt - Net foreign debt tripled from US$24.3bln end of 2008 to US$84.4bln in May

Top Story Financiero: Coexistence Of IETU, ISR Unnecessary - PRI Sen. Manlio Fabio Beltrones asks govt to choose one tax or the other

Top Story Economista: Telecommunications, Trapped In Thousands Of Lawsuits - The telco sector is heavily bogged down in the justice system

Top Story Excelsior: Godoy's Brother, Narco On The Lam - Julio Cesar Godoy, brother of gov. of Michoacan and PRD Dep., on run from the law

Top Story Cronica: Godoy's Brother, In La Familia; On The Lam - Half brother of Michoacan Gov. Godoy ID'd as active member of La Familia

Top Story Milenio: Godoy's Brother Linked To La Familia: Segob - National Security Council says Julio Cesar Godoy served narco boss La Tuta

14 July 2009

Markets: Peso firmed 0.41% at close Tue at 48hr sell rate of 13.7608 v. open of 13.8168 -- range 13.7435 - 13.8495

Banxico: Foreign reserves fall to US$73.7bln on July 10 v. US$74.1bln July 3

Editorial Universal: Army served its purpose in leading war on drugs, but it is time to rethink its role; human rights violations grow

Top Story Univeral: Review Of War On Drugs Demanded - National Human Rights Commission, lawmakers, Human Rights Watch join in criticism

Editorial Jornada: Human Rights Watch criticizes abuses by army in war on drugs -- and they're right; policing is job for police

Top Story Jornada: Michoacan: 12 Found Dead, Tortured - Unofficial reports that victims are federal police; message warns 'come get another'

Top Biz Story Reforma: Mexican Jeans Gain Ground In US - In 2009, Mexican jeans beat out Chinese thanks to competitive advantages, weak peso

Top Story Financiero: Little Viability, New Structural Reforms: Investors see piecemeal change pace rather than structural reforms

Top Story Economista: Govt Halts Frequency Auction - Telephone, Internet users could save US$15bln if govt auctions new frequencies: OECD

Top Story Excelsior: 12 Executed, Dumped In Michoacan - 12 bodies bound and shot in head found in latest chapter in war started Friday

Top Story Cronica: Fixed investment suffers fall of 17.8% - Gross fixed investment fell 17.8% in April; steepest drop since December 1995

Top Story Milenio: Michoacan Narco-War, Unstoppable - The bodies of 12 men, bound and tortured and shot in the head, found in La Huacana

Markets: Peso firmed 0.0% in early trade Tue at 48hr sell rate of 13.76 v. Mon close of 13.76 - weakened 0.5% -- Mon range 13.74 - 13.26

Markets: Bolsa IPC up 1.07% in early trade Tue at 24,209.18 v. Mon close of 23,951.96 - up 1.25% -- Mon range 23,534.08 - 23,952.77

13 July 2009

Markets: Bolsa IPC up 1.25% at close Mon at 23,951.96 v. open of 23,656.26 -- range 23,534.08 - 23,952.77

Markets: Peso firmed 0.41% at close Mon at 48hr sell rate of 13.7608 v. open of 13.8168 -- range 13.7435 - 13.8495

INEGI: Apr GFI Construction Indicator 13.6% v. -14.4% in Mar -- Annual trend at 0.1% in Apr

INEGI: Apr GFI M&E Domestic Indicator -39.0% v. -18.7% in Mar -- Annual trend at -9.3% in Apr

INEGI: Apr GFI Machinery & Equipment Indicator -64.9% v. -26.3% in Mar -- Annual trend at -17.0% in Apr

INEGI: Apr GFI M&E Imported -69.3% v. -33.2% in Mar -- Annual trend at -16.3% in Apr

Markets: Bolsa IPC up 0.40% in early trade Mon at 23,750.04 v. Sun close of 23,656.26 - up 0.09% -- Sun range 23,331.16 - 23,665.63

Markets: Peso weakened 0.1% in early trade Mon at 48hr sell rate of 13.71 v. Sun close of 13.69 - weakened 1.0% -- Sun range 13.66 - 13.26

Editorial Jornada: Honduran military coup has been repressive; seeks to buy diplomatic time. International community must do more.

Editorial Universal: Just as the US, UK, and Spain in anti-terrorism privileged security over human rights, so has Mexico in war on drugs

Top Story Universal: Excesses Flagged In War On Drugs - Deploying federal forces in counternarcotics effort has raised human rights abuses

Top Story Jornada: PRD Conclave: Anything, Except War With AMLO - Party brass agrees to seek reconciliation with AMLO, PT, Convergencia

Top Story Reforma: Familia Toughens Attacks - In second day of offensives against Federal Police, La Familia Cartel launched 6 new attacks

Top Biz Story Reforma: Ports Reduce Tariffs - Reduction of container cargo by 18% in Mexico obliges domestic ports to slash some tariffs

Top Story Financiero: Peso Succumbs To Crisis Pressure - Exchange rate closed Friday at 13.6890 per dollar spot; weakest level since April

Top Story Excelsior: PAN, PRD Begin To Rebuild - The PAN and PRD began the process of overcoming their federal electoral defeats by the PRI

Top Story Milenio: Federal Agents Under Siege - La Familia Cartel continued its attacks on the federal police, military for a second day

Top Story Cronica: Deemed Ineffective, Juarez Military Patrols Suspended - Strategy changes today as military duties shift to intelligence

12 July 2009

Top Story Universal: Michoacan Battle After Capo Capture - The biggest attack of organized crime in Mexican history unleashed after capo nab

Top Story Cronica: Wave Of Attacks On Federal Police Leave 8 Dead - Commandos of La Familia launched 10 attacks on Federal Police; 5-10 dead

Top Story Milenio: Capo Arrest Sparks 8 Attacks - Arnoldo Rueda Medina, alleged number two of La Familia, arrested; sparks 8 attacks on cops

10 July 2009

Markets: Bolsa IPC up 0.09% at close Fri at 23,656.26 v. open of 23,634.27 -- range 23,331.16 - 23,665.63

Markets: Peso weakened 0.01% at close Fri at 48hr sell rate of 13.6890 v. open of 13.6875 -- range 13.6634 - 13.7400

Inegi: Net outward migration in 2008 estimated at "slightly more" than 200,000

Inegi: Mexican population stands at 107.6 million; 50.9% females, 49.1% males

Trade: Revised data show Jan-May exports of US$84.9bln, -31% y/y; imports of US$85.9bln, -31.7% y/y; deficit of US$1.0bln, -63.6% y/y

Markets: Bolsa IPC down 0.34% in early trade Fri at 23,553.28 v. Thu close of 23,634.27 - up 0.70% -- Thu range 23,432.42 - 23,725.19

Markets: Peso weakened 0.2% in early trade Fri at 48hr sell rate of 13.59 v. Thu close of 13.56 - firmed 0.3% -- Thu range 13.52 - 13.26

Editorial Universal: Arming citizens of the Mormon community where Benjamin LeBaron was murdered risky; could lend itself to vigilantism

Top Story Universal: IMSS Gave Daycare To Zambada Cartel - Owner of Niño Feliz daycare center part of Sinaloa Cartel financial network

Editorial Jornada: Govt denial of Inter-American Court of Human Rights inquiry into 1974 disappearance of Rosendo Radilla appears bogus

Top Story Jornada: US Investigates Abuses By Mexican Military - Govt expresses concern about increasing reports of human rights abuses

Top Story Reforma: Chihuahua Leader In Kidnappings - Overrun by narcotics crime, the state also leads nation in kidnappings; 1 every 48hrs

Top Biz Story Reforma: Aviacsa Will Suffer Irreversible Damage - Pilots, travel agents, employees fear the extinction of grounded airline

Top Story Financiero: Huge Lag In Infrastructure Spending - During 1st 5 months of yr, public works spending is way behind schedule

Top Story Excelsior: And Now Fox Calls Calderon Buddy - Ex-President Fox proposes fresh start in the conflict his hostile letter sparked

Top Story Cronica: IMSS Provided Spotty, Obsolete Data - Lawmakers investigating IMSS daycares say info was "shaven", imprecise, opaque

09 July 2009

Markets: Bolsa IPC up 0.56% at close Thu at 23,634.27 v. open of 23,502.41 -- range 23,432.42 - 23,725.19

Markets: Bolsa IPC up 0.33% in early trade Thu at 23,545.36 v. Wed close of 23,468.98 - up 0.47% -- Wed range 23,033.94 - 23,537.81

Markets: Peso firmed 0.6% in early trade Thu at 48hr sell rate of 13.51 v. Wed close of 13.60 - weakened 1.8% -- Wed range 13.37 - 13.26

Editorial Universal: Where's the Attorney General's Office inquiry into the daycare fire? Mired in web of political connections, corruption

Top Story Universal: IMSS List Exposes Politicians - Families of top politicians, business leaders benefiting from juicy daycare contracts

Editorial Jornada: Investigation into ABC Daycare fire slow, clumsy, opaque - but coming clear problems at ABC were just tip of the iceberg

Top Story Jornada: Relatives of Zedillo, Fox, Calderon Have Daycare Subcontracts - Political connections to many IMSS daycare subcontracts

Top Story Reforma: FBI Offers To Investigate Execution - US govt offered Chihuahua Mormon community inquiry into murder of leader LeBaron

Top Biz Story Reforma: IMSS Affects Popular Insurance - Govt Popular Insurance program reduces incentives for employers to give workers IMSS

Top Story Financiero: Mexico, Country Most Affected By Crisis - New IMF projections indicate Mexico will be the country worst hit by crisis

Top Story Economista: Mexico GDP To Fall 7.3% This Year: IMF - International Monetary Fund forecasts 7.3% plunge in GDP; 3% rebound in 2010

Top Story Excelsior: Fox Sharpens Crisis In PAN - Former president's letter distancing himself from Calderon worsens party internal disorder

Top Story Cronica: IMSS Violated Transparency Law: IFAI - Federal Institute for Public Information says IMSS broke law not listing daycares

Top Story Milenio: "Over The Offenses"; PRI Accepts Dialog - Party says it's over the electoral mudslinging, ready to work with president

08 July 2009

SWINE FLU: Fatal cases of A/H1N1 flu in Mexico has risen from 119 to 121; the latest cases appeared in the states of Yucatan and Chiapas

Markets: Bolsa IPC up 0.47% at close Wed at 23,468.98 v. open of 23,359.10 -- range 23,033.94 - 23,483.89

Markets: Peso weakened 1.49% at close Wed at 48hr sell rate of 13.6000 v. open of 13.4000 -- range 13.3745 - 13.6000

Markets: Bolsa IPC up 0.41% in early trade Wed at 23,455.64 v. Tue close of 23,359.94 - down 1.61% -- Tue range 23,347.92 - 23,761.71

Markets: Peso weakened 0.5% in early trade Wed at 48hr sell rate of 13.42 v. Tue close of 13.36 - weakened 0.8% -- Tue range 13.24 - 13.26

Editorial Universal: Murder of Mormon leader Benjamin Le Baron serves as a lesson of citizen bravery, criminal impunity; will the govt react

Top Story Universal: Kidnappers Punish A Rebellious Community - Organized crime quashed one town's move to fight back by killing its leader

Editorial Jornada: The only legal solution in Honduras is the end of the oligarchical coup and the restoration of the president

Top Story Jornada: Marcelo Ebrard Rails Against PRD Leadership - Without naming names, the head of the Fed Dist blames PRD brass for failure

Top Story Financiero: Discrepancy Over Economic Future - FinMin sees rapid recovery; central bank sees a sluggish one

Top Story Economista: Coalition Government, Challenge Of PRI, PAN - For LXI Legislature, starting Sep 1, political parties already preparing

Top Biz Story Reforma: Debt Seen Growing Under PRI - Analysts believe the message of PRI head Beatriz Paredes would lead to higher debt

Top Story Reforma: He Demands Justice, Is Executed - Head of citizen movement against kidnapping and Mormon leader of Chihuahua was killed

Top Story Cronica: Ebrard Blames Chucho - Fed Dist Mayor Marcelo Ebrard blames PRD head Jesus Ortega and calls for renewal of PRD leadership

Top Story Milenio: Calderon Calls For Stability Accord - President reiterates willingness to dialog with new Congress, calls for stability

Top Story Excelsior: Fox Attacks Calderon - 2 days after PAN electoral failure, ex-Prez Fox reappeared to distance himself from successor

07 July 2009

Interpol called in to help seek for nine fugitives suspected of negligence in ABC Daycare Center fire tragedy that killed dozens of infants.

Banxico: Foreign reserves at US$74.125bln on Jul. 3 vs. US$74.181bln on Jun. 30

INEGI: Composite Indicators; Leading Index= 108.5 (2003=100) Apr vs. 106.3 points in Mar -- 2.07% on month

INEGI: Composite Indicators; Current Index= 98.3 (2003=100) Apr vs. 99.5 points in Mar -- -1.21% on month

Editorial Jornada: US, Russia agreement to reduce nuclear stockpile is admirable, but many other nations have nukes and should follow suit

Editorial Universal: A presidential system in a divided government creates a weak executive; perhaps a parliamentary system is called for

Top Biz Story Reforma: Telmex Ratified As Dominant - Confirmed: Telmex dominates two markets of fixed telephony in the country

Top Story Universal: National PAN President Takes A Dive - After Calderon meet, German Martinez quit as PAN head due to electoral failure

Top Story Jornada: German Martinez Sacrificial Lamb For PAN Debacle - After the electoral defeat the PAN suffered, Martinez steps down

Top Story Cronica: German Is Out After PAN Defeat - German Martinez quits as party chair after meet with Calderon, PAN leaders in Los Pinos

Top Story Reforma: PRI Sets The Agenda - Even before digesting overwhelming victory at the polls, PRI head Beatriz Paredes sets leg agenda

Top Story Milenio: First Beheading: German Martinez - Assumes responsibility for defeat of PAN last Sunday; laments inability to win votes

Top Story Economista: Private Sector Salutes PRI Triumph - Structural reforms will be approved more quickly with a PRI majority in Congress

Top Story Financiero: Fiscal Reform, Tied To Presidential Race - Approval of new fiscal reform will depend on dispute for 2012 presidency

INEGI: Jun Consumer perceptions of prospects of making a durable good purchase now 61.8 v. 57.2 in month-ago May 81.7 1-year ago

INEGI: Jun Consumer perception of state of economy v. 12 months ago 77.9 v. 73.1 in month-ago May 88.1 1-year ago Jun

INEGI: Jun Consumer perception of prospects for economy one year from now 89.3 v. 86.1 in month-ago May 87.8 1-year ago Jun

INEGI: Jun Consumer perceptions of household welfare v. 12 months ago 86.5 v. 84.7 in month-ago May 98.1 1-year ago Jun

INEGI: Jun Consumer perceptions of household welfare one year from now 92.0 v. 91.6 in month-ago May 97.6 1-year ago Jun

INEGI: Jun Headline Consumer Confidence Index 82.0 v. 78.9 in month-ago May and 83.9 1-year ago Jun

06 July 2009

INEGI: Headline Consumer Confidence 82.02 in June v. 78.88 in May (2003=100); highest level since February

Editorial Universal: Calderon started his presidency hemmed in by opposition from the PRD and the PRI; now that will just get worse for him

Top Story Economista: PAN Loses Gubernatorial Ground - El PRI won at least five of the six statehouses races; Sonora too close to call

Top Story Universal: The PRI Is Back - The PRI was the big winner last night, stomping rivals at the Chamber and won at least five states

Top Story Reforma: PRI Devastates - Preliminary figures show the party with a [relative] majority in the Chamber; also won 5 statehouses

Top Story Cronica: PRI Devastates - PRI wins 36% of votes against 27% of PAN, knocking the latter off as king of the hill

Top Story Jornada: PRI Wins KO Of PAN, PRD In Federal Election - With alliance with Green Party, will have more than 50% of chamber votes

Top Story Excelsior: The PRI Devastates - The juggernaut of the PRI returned yesterday, according to preliminary results; now largest party

05 July 2009

Top Story Reforma: Vote Put To The Test - After months of campaigns stained by social, political, economic crises, today Mexico votes

Top Story Universal: Narcoinsurgency in Mexico, says US - Pentagon report says cartels have adopted guerrilla tactics; groups still growing

Top Story Jornada: Apathy And Discredit Frame The Elections - Federal elections and 11 local and 6 statehouse elections marked by doubt

Top Story Cronica: If Necessary, Vote Recount - Everything is ready for the elections, says IFE; there will be no doubts in the outcomes

Top Story Excelsior: Skeptical Mexicans Called On To Vote - More than 77 million Mexicans could vote; but amid mood of skepticism and doubt

Top Story Milenio: Rescue Operation Heroic - The kidnap leader was astute, shot elite officers in surprise ambush, but effort was heroic

INEGI: Producer Confidence Index (PCI) 36.74 points in Jun vs. 35.54 points in May (>50 manufacturing generally expanding, <50 contracting)

INEGI: Manufacturing Orders Index (IPM) 45.49 points in Jun vs. 44.22 points in May (>50 manufacturing generally expanding <50 contracting)

04 July 2009

Top Story Jornada: Analysts: Workers To Bear Brunt Of Recession - Another 500k jobs to be lost, taxes raised

Top Story Cronica: Failed Kidnap Elite Officials, Hostage Died - Coppel heiress, top anti-kidnap cop killed in shootout

Top Story Excelsior: Business Magnate Killed In Botched rescue - Yolanda Cevallos Coppel was killed yesterday by her kidnappers

Top Story Universal: Kidnappers Kill Coppel Family Member - A botched rescue attempt ends with the fatal shooting of prominent family member

03 July 2009

Markets: Bolsa IPC FLAT 0.00% in early trade Fri at 24,051.58 v. Thu close of 24,051.46 - down 1.93% -- Thu range 23,956.85 - 24,506.35

Markets: Peso FLAT 0.0% in early trade Fri at 48hr sell rate of 13.22 v. Thu close of 13.22 - weakened 0.8% -- Thu range 13.16 - 13.26