19 October 2009

Markets: Bolsa IPC up 0.65% at close Mon at 30,927.11 v. open of 30,727.92 -- range 30,718.07 - 31,035.02

Markets: Peso firmed 0.88% at close Mon at 48hr sell rate of 12.9943 v. open of 13.1100 -- range 12.9904 - 13.1200

Editorial Universal: US war on drug supply, neglect of domestic demand has failed; Mexican, Colombian drug mafias firmly established in US

Top Story Universal: Narco Corruption Infiltrates US - As border security, inspection tightens, bribery budgets to corrupt US agents grow

Top Story Jornada: English Classes For Electric Workers That Accept Retirement - Union members that accept severance to receive job training

Top Story Reforma: PRI, Govt Go For 16% VAT - After 2% anti-poverty tax rejected, Congress goes for raising VAT, homogenizing border zone

Top Biz Story Reforma: Unemployment Feared - 2010 fiscal plan could inhibit new job creation and put millions of existing jobs at risk

Top Story Financiero: Carlos Slim: Viable Emerge From Crisis Without Reforms - Says reforms stuck, but private investment, job creation not

Top Story Economista: Deputies To Define Fiscal Packet Today - Revenue Law, tax code changes to be voted in lower house, sent to Senate

Top Story Milenio: Esparza Sold Alternative Power Service - For past two years, Electric Workers Union head had side job for Startech firm

Top Story Excelsior: Ex-SME Workers Could Be Entrepreneurs - Govt offers training for union members who accept retirement to own franchises

Top Story Cronica: PAN, PRI Back 16% VAT; Rule Out 2% Tax - Govt, parties agree to hike VAT by 1% and by 6% in border zone; drop 2% tax

Markets: Bolsa IPC up 0.68% in midday trade Mon at 30,934.65 v. Fri close of 30,726.30 - down 0.94% -- Fri range 30,662.16 - 31,017.73

Markets: Peso firmed 0.08% in midday trade Mon at 48hr sell rate of 13.0941 v. Fri close of 13.1050 - weaker 0.1% -- Fri range 13.04 - 13.24

18 October 2009

Top Story Universal: Only 6% Of SME Accept Retirement - In first 3 days only 2.5k of 44k Electric Worker Union members sign up for severance

Top Story Reforma: Epidemic Defies Health System: Hospitals facing second wave of infections with insufficient infrastructure, personnel

Top Story Jornada: Power Outages Hit Industry - Nearly 1,000 factories shut down for 11 hours due to closure of LFC, chaotic takeover by CFE

Top Story Cronica: SME Urges Rank And File To Reject Severance: 5.7% of union members accepted retirement in first three days of program

Top Story Milenio: Deploying Army Grew Narco: Fox - Ex-prez says army should be withdrawn from policing drug crime; 'strategy has backfired'

Top Story Excelsior: Mexico Is Desperate: McCaffrey - Former US drug czar writes Mexico faces economic failure, narco-led civil war

17 October 2009

Top Story Universal: Neither Side Cedes; SME Threatens Protests - In 7hr talks, govt and Electric Workers Union simply reaffirmed postures

Top Story Jornada: Govt To Union: 'First Accept Retirement, Then We'll See' - Mexican Electric Workers Union accuses officials of bad faith

Top Story Reforma: Election Halts Fiscal Debate - Local votes in Coahuila and Tabasco freeze Congres talks over the tax package, budget bill

Top Story Cronica: Labor Minister: Closure Of Luz Y Fuerza Not An Option - Says talks with union for 'dialog' not 'negotiations'

Top Story Milenio: 7hrs Of Dialog; Zero Results - No agreements reached in first round of talks; Electric Workers Union will file legal suit

Top Story Excelsior: Six Hours, No Agreements - Govt reiterates closure of Luz y Fuerza (LFC) utility irreversible; neither side cedes

16 October 2009

Markets: Bolsa IPC down 0.94% at close Fri at 30,726.30 v. open of 31,017.73 -- range 30,662.16 - 31,017.73

Markets: Peso firmed 0.18% at close Fri at 48hr sell rate of 13.1050 v. open of 13.1290 -- range 13.0350 - 13.1580

Banxico: Central bank holds benchmark lending rate at 4.5% at monthly monetary policy meeting; says recovery still needs legs

Editorial Jornada: Govt, union talks destined to fail so long as former continues to operate with anti-labor bias as underlying philosophy

Top Story Jornada: Interior Ministry Accepts Talks With SME - Feds, Mexican Electric Workers Union (SME) to sit down to negotiations today

Editorial Universal: Despite agreement to talks, both sides come to table with inflexible demands, as well as too much at stake

Top Story Universal: After Show Of Muscle, Talks Agreed - Federal govt agrees to discuss labor conflict after closure of state power utility

Top Story Milenio: Interior Ministry Limits Talks To Labor Reinsertion - Govt-union negotiations to focus on "exploring options" for rehires

Top Story Reforma: Dialog Pact - Interior Minister Gomez Mont and Mexican Electric Workers union (SME) to sit down to talks on LFC closure

Top Biz Story Reforma: IMCO Criticizes Lack Of Cuts To States - Competitiveness advocate states should not escape fiscal cutbacks

Top Story Financiero: A W-Shaped Recovery - Private sector worried that year-end upturn will wilt in early 2010 as US fiscal stimulus ends

Top Story Economista: SME Flexes Its Muscles - Mexican Electric Workers union mustered tens of thousands of members, supporters to march

Top Story Cronica: Fed District Says Segob, SME Agree To Talks - Mexico City Mayor Ebrard to mediate negotiations of Los Pinos, electricians

Top Story Excelsior: Formal Govt Talks w/SME Agreed - After huge Mexico City march, Interior Ministry agrees to negotiate w/electric union

Markets: Bolsa IPC down 0.94% in early trade Fri at 30,725.44 v. Thu close of 31,017.73 - up 0.44% -- Thu range 30,666.38 - 31,091.15

15 October 2009

Markets: Bolsa IPC up 0.44% at close Thu at 31,017.73 v. open of 30,881.10 -- range 30,666.38 - 31,091.15

Markets: Peso weaker 0.03% at close Thu at 48hr sell rate of 13.0860 v. open of 13.0825 -- range 13.0770 - 13.1105

Markets: Bolsa IPC up 0.23% in early trade Thu at 30,952.32 v. Wed close of 30,881.10 - up 0.88% -- Wed range 30,614.20 - 31,108.63

Markets: Peso firmed 0.77% in early trade Thu at 48hr sell rate of 13.0750 v. Wed close of 13.1760 - firmed 0.5% -- Wed range 13.13 - 13.24

Editorial Universal: Supreme Court ruling on Oaxaca fingers PRI Gov. Ulises Ruiz, but wrongly exonerates ex-Prez Fox; consequences unlikely

Top Story Universal: Hard Left To Flex Muscles Today - Radical left seizing upon govt closure of LFC state power utility as acid test

Editorial Jornada: Supreme Court ruling that holds Oaxaca state officials responsible for human rights abuses during 2006 riots commendable

Top Story Jornada: Average LFC Salary MXN6k/mo. - Average worker earns MXN6,600 per month, eligible for MXN435k severance this month only

Top Story Reforma: Ebrard Cancels International Book Fair For SME - Mexico City mayor clears Zocalo plaza for Electric Worker protests

Top Biz Story Reforma: Aerospace Investment Soars - Mexico is leading world as new destination for aerospace manufacturing investment: govt

Top Story Financiero: 2% Tax, More Administrative Burden - If approved, new tax will generate more business costs for taxpayers, experts say

Top Story Economista: 8 Of 10 Doubt 2% Tax Use - 76% of adults surveyed doubt proposed anti-poverty tax funds will go to help the poor

Top Story Cronica: Severance Process Begins; 44,551 Checks Ready - Voluntary LFC retirement program kicks off; first phase to last one month

Top Story Excelsior: Govt Offers MXN435mln And Rehires - Ex-LFC workers that except severance terms will be first to be rehired, says govt

Top Story Milenio: In 1 Day, 1,311 H1N1 Cases - Health Ministry tells Congress more than 1k new cases recorded on Tue; 257 deaths to date

14 October 2009

Markets: Bolsa IPC up 1.11% in early trade Wed at 30,952.32 v. Tue close of 30,611.10 - up 0.45% -- Tue range 30,306.90 - 30,635.07

Markets: Peso firmed 0.77% in early trade Wed at 48hr sell rate of 13.0750 v. Tue close of 13.1760 - firmed 0.5% -- Tue range 13.13 - 13.24

Editorial Universal: Crackdown on plastic surgery clinics after Alejandra Guzman mishap: why do authorities wait for public scandal to act?

Top Story Universal: Blackouts In 4 States, Fed District - Many areas supplied by extinct Luz y Fuerza without power during CFE transition

Editorial Jornada: Pro-immigration reform rally in DC a reminder for Obama, Capitol Hill that migrant cannot take backseat to wars, health

Top Story Jornada: Federal Police Force Us To Work: SME - Electricians being forced to work by federal forces in supply stations, says union

Top Story Reforma: Congress Cold On SME - Deputies vote down resolution backing Mexican Electric Workers union and Supreme Court challenge

Top Biz Story Reforma: New Credit Bureau Coming - Govt forms new agency to track debtors that use pawn shops, other non-traditional credit

Top Story Financiero: Banks Rule Out Crisis For Bad Debt - Despite rising arrears, overall mortgage portfolio not at risk, association says

Top Story Economista: Labor Ministry Proposes Union Reform - Floats business chambers a plan to make union pay, elections more transparent

Top Story Milenio: CFE To Be Permanent Fix - No new co.; president opts for national state-owned power utility to permanently replace LFC

Top Story Excelsior: Power Theft Exceeds Arrears - Stealing electricity costs MXN25bln/yr; MXN7bln in unpaid bills; CFE to limit both

13 October 2009

Markets: Bolsa IPC up 0.44% at close Tue at 30,611.10 v. open of 30,475.49 -- range 30,306.900 - 30,635.070

Markets: Peso firmed 0.29% at close Tue at 48hr sell rate of 13.1760 v. open of 13.2145 -- range 13.1346 - 13.2302

Banxico: International reserves at US$79.239bln as of Oct 9 v. US$78.302bln Oct 2

Markets: Bolsa IPC down 0.40% in early trade Tue at 30,354.80 v. Mon close of 30,475.43 - up 1.45% -- Mon range 30,033.94 - 30,475.45

Markets: Peso firmed 0.30% in early trade Tue at 48hr sell rate of 13.2032 v. Mon close of 13.2430 - firmed 0.4% -- Mon range 13.20 - 13.24

Editorial Universal: Public opinion against corrupt SME union, shoddy LFC service, but govt faces stigmas of 'privatization' 'authoritarian'

Top Story Universal: Parties Call For Equal Treatment For Unions - Point to Oil Workers, Education Workers Unions, question privileges, pay

Editorial Jornada: Govt steamrolled workers and ordinary households in LFC shutdown -- democracy should not be run by decree

Top Story Jornada: Los Pinos Does Not Pay For Power: SME - Union says presidential palace, major hotels, Telmex, others do not pay for power

Top Story Reforma: Fed District Backs SME - Mexico City Mayor Ebrard says LFC union workers not to blame for utility's ill financial results

Top Biz Story Reforma: MXN18bln In Savings - Federal govt forecasts savings of MXN18bln in 2010 from closure of LFC central power utility

Top Story Financiero: State-Owned Firms Cost MXN400bln - Most public companies in red, drain MXN400bln annually in federal subsidies

Top Story Jornada: CFE Proposes New Electricity Company - National power generator the Federal Electricity Commission wants new distributor

Top Story Excelsior: Severance Pay To Cost MXN1mln Per Worker Annually - Govt slates MXN24.5bln to pay pensions, severance for LFC utility

Top Story Milenio: Beltrones: Liquidation Warranted - Leader of PRI Senate caucus backs presidential decree to close, liquidate LFC utility

Top Story Cronica: CFE To Maintain Rates; Guaranty Supply - Federal Electricity Commission to leave power rates unchanged during takeover

12 October 2009

INEGI: Jul Gross Fixed Investment Indicator +3.6% v. +6.5% in Jun on seasonally adjusted, annulized basis -- Annual trend at -6.5% in Jul

INEGI: Jul GFI Construction Indicator +15.4% v. +5.2% in Jun -- Annual trend at +2.0% in Jul

INEGI: Jul GFI Machinery & Equipment Indicator -16.4% v. +16.9% in Jun -- Annual trend at -18.5% in Jul

INEGI: Jul GFI M&E Domestic Indicator -15.6% v. -13.2% in Jun -- Annual trend at -27.9% in Jul

INEGI: Jul GFI M&E Imported +32.6% v. +41.5% in Jun -- Annual trend at -3.8% in Jul

Markets: Peso weaker 0.33% at close Mon at 48hr sell rate of 13.2430 v. open of 13.1995 -- range 13.1970 - 13.2430

Markets: Bolsa IPC up 1.45% at close Mon at 30,475.43 v. open of 30,038.74 -- range 30,033.94 - 30,475.45

INEGI: Aug seasonally adjusted, annualized Industrial Production Index -2.62% v. +39.85% in Jul -- annual trend rate +4.04%

Corex for month: INEGI: Aug seasonally adjusted, annualized Industrial Production Index -2.62% v. +39.85% in Jul -- annual trend rate +4.04%

Corex for month: INEGI: Aug seasonally adjusted, annualized IP/Manufacturing -14.87% v. +71.04% in Jul -- annual trend rate +4.45%

Corex for month: INEGI: Aug seasonally adjusted, annualized IP/Construction -20.49% v. +6.25% in Jul -- annual trend rate -2.38%

Corex for month: INEGI: Aug seasonally adjusted, annualized IP/Mining +16.31% v. +45.45% in Jul -- annual trend rate +0.18%

Corex for month: INEGI: Aug seasonally adjusted, annualized IP/Gas, Water, Power +6.32% v. +12.83% in Jul -- annual trend rate +4.78%

INEGI: Jun seasonally adjusted, annualized IP/Mining +16.31% v. +45.45% in May -- annual trend rate +0.18%

INEGI: Jun seasonally adjusted, annualized IP/Manufacturing -14.87% v. +71.04% in May -- annual trend rate +4.45%

INEGI: Jun seasonally adjusted, annualized IP/Construction -20.49% v. +6.25% in May -- annual trend rate -2.38%

INEGI: Jun seasonally adjusted, annualized IP/Gas, Water, Power +6.32% v. +12.83% in May -- annual trend rate +4.78%

AMIA: YTD automotive production -37.7% to 992,153 vehicles; exports -35.5% to 804,258; domestic sales -30.5% to 530,163

AMIA: Monthly automotive production -22.7% to 146,295 vehicles in Sep; exports -18.7% to 117,433; domestic sales -23.6% to 58,505

Markets: Bolsa IPC up 0.74% in early trade Mon at 30,260.70 v. Fri close of 30,039.71 - up 0.47% -- Fri range 29,833.87 - 30,049.44

Markets: Peso firmed 0.57% in early trade Mon at 48hr sell rate of 13.2225 v. Fri close of 13.2980 - weaker 0.2% -- Fri range 13.22 - 13.24

Top Story Universal: No Agreement Reached; Union To Resist - Union meets with govt on closure of LFC; will file challenge with Supreme Court

Editorial Jornada: Closure of LFC continues president's strategy of deluding the public as it dismantles and privatizes national power grid

Top Story Jornada: No Turning Back On Closure Of LFC: Govt - Union demands reversal of decision, threatens protests; govt to move ahead

Top Story Economista: Liquidation Of LFC To Cost MXN20bln - Cost of severance pay for workers will reach up to MXN20bln, says FinMin

Top Story Reforma: Severance Pay Of 2.5yrs Of Salary - Govt to offer up to 5 times legal minimum for severance to those that sign off now

Top Biz Story Reforma: Companies Cheer Closure Of LFC - Top business organizations applaud liquidation of LFC and its 40k workers

Top Story Financiero: There Will Be No Privatization: Calderon - LFC will not end up in private hands; state-owned CFE to assume control

Top Story Cronica: LFC Unsustainable: Calderon - Every second, Luz y Fuerza power company loses MXN2,000; in 2008 losses totaled MXN60bln

Top Story Milenio: Electric Workers To Be Rehired - President orders CFE to rehire as many former LFC workers as possible during takeover

Top Story Excelsior: Liquidation To Cost MXN20bln - Closing Luz y Fuerza to cost more as govt offers bonus for voluntary union retirement

11 October 2009

Top Story Universal: Switch Thrown Off At LyFC; Employees Liquidated - President shutters power utility, citing massive ongoing losses

Top Story Jornada: Govt Assaults LFC HQs; Orders Its Extinction - In a midnight raid, police, troops seize HQ; govt decrees closure of firm

Top Story Reforma: LyFC Liquidated - The federal govt seized the headquarters of Luz y Fuerza del Centro and decreed its liquidiation

Top Story Milenio: Luz y Fuerza Liquidated - Govt decrees closure of Mexico City state-owned power utility; says no privatization in store

Top Story Excelsior: Luz y Fuerza Liquidated - Power utility for Federal District and surrounding areas to be liquidated; govt mum on future

Top Story Cronica: Luz y Fuerza Liquidated; Police Seize Facilities - Federal govt shutters Mexico City state-owned utility, citing losses

09 October 2009

Editorial Universal: Mexican left lacks vision, policy; thus the unconditional backing of Electric Workers Union, a corrupt arm of big labor

Top Story Universal: Fed District To Sue Health Ministry - Claims of feces in water supply was slander; suit to seek resignations, damages

Editorial Jornada: Labor Minister Alacron's refusal to recognize Electric Worker Union elections provoked conflict - but it's also illegal

Top Story Jornada: SME: LFC Will Not Be Handed Over - Electric Workers Union stage giant march to Los Pinos, demand Luz y Fuerza intact

Top Story Reforma: Los Pinos Meets With SME - Electric Workers Union head meets with president's personal assistant to present demands

Top Biz Story Reforma: Factory Employment Leads - New job generation in past four months coming from northern manufacturing centers

Top Story Financiero: 30% Income Tax Viable, Say Companies - Business lobby conditionally agrees to ISR hike from 28% to 30% in 2010

Top Story Economista: Closure of LFC Viable: Experts - Analysts say Luz y Fuerza del Centro utility should be absorbed by larger CFE

Top Story Excelsior: 'Captive' Taxpayers To Pay More - Opposition agrees to federal budget proposal to raise taxes on companies, wealthy

Top Story Cronica: Electric Workers Give Govt Ultimatum - Threatens strikes, protests nationwide if govt does no accede to LFC union demands

Top Story Milenio: Vaccine Will Be Late, Limited - Health Ministry admits disorganization, says 20mln H1N1 influenza vaccines due by Dec

Markets: Bolsa IPC up 0.18% in early trade Fri at 29,951.32 v. Thu close of 29,898.85 - up 0.46% -- Thu range 29,763.37 - 30,122.09

Markets: Peso weaker 0.27% in early trade Fri at 48hr sell rate of 13.3062 v. Thu close of 13.2700 - firmed 0.9% -- Thu range 13.26 - 13.24

08 October 2009

Markets: Bolsa IPC up 0.27% at close Thu at 29,898.85 v. open of 29,817.68 -- range 29,817.68 - 30,122.09

Markets: Peso firmed 0.73% at close Thu at 48hr sell rate of 13.2700 v. open of 13.3670 -- range 13.2591 - 13.3748

Markets: Peso firmed 0.35% in early trade Thu at 48hr sell rate of 13.3490 v. Wed close of 13.3960 - firmed 0.9% -- Wed range 13.38 - 13.24

Markets: Bolsa IPC up 0.61% in early trade Thu at 29,944.24 v. Wed close of 29,763.37 - up 0.25% -- Wed range 29,528.99 - 29,801.70

Banxico: Consumer price inflation +0.50% in Sep to annualized 4.89% v. 5.08% in Aug; core price inflation 0.42% in Sep to 4.92% v. 5.10% Aug

Top Story Universal: Lab: No Feces In Water - Tests by UAM university determine tap water in south Fed District 'fit for human consumption'

Top Story Jornada: SME: Citing Contract Breach, LFC Union To File For Strike - Cites govt refusal to accept union election of Martin Esparza

Top Story Reforma: Secondary Schools Worsen - Nearly all states lose ground in language, math scores in tri-annual nat'l testing

Top Biz Story Reforma: At 'Mexico Summit' Forum, Business Leaders Urge Tax Reform - Blast lack of public spending & high tax burden on few

Top Story Financiero: IMF: Crisis Will Cost Mexico US$222bln - Fall in output in 2009 equal to US$222bln loss, according to IMF forecasts

Top Story Economista: Rectify Budget Proposal: CCE - Main business lobby group asks Congress to modify govt plan, criticizing new taxes

Top Story Cronica: LFC Should Disappear: CCE - Business lobby calls on Congress, govt to dissolve 'inefficient, corrupt' state-owned utility

Top Story Milenio: Opposition Wants 'Happy Budget Accounting' - Opposition asks govt to hike oil export budget price by US$3-US$4 per barrel

Top Story Excelsior: Calderon Insists On Reforms - President warns opposition he will not back down from fiscal reforms in budget proposal

07 October 2009

INEGI: Composite Indicators; Leading Index= 108 (2003=100) Jul vs. 107.8 points in Jun -- +0.19% on month

INEGI: Composite Indicators; Current Index= 97.8 (2003=100) Jul vs. 96.8 points in Jun -- +1.03% on month

Markets: Bolsa IPC down 0.04% in early trade Wed at 29,678.75 v. Tue close of 29,690.48 - up 1.63% -- Tue range 29,214.40 - 29,767.40

Markets: Peso firmed 0.26% in early trade Wed at 48hr sell rate of 13.4818 v. Tue close of 13.5165 - firmed 0.8% -- Tue range 13.45 - 13.24

Editorial Universal: Despite arrival of democracy in presidency, Congress, Mexican unions have yet to start journey to modern democracies

Top Story Universal: Fed District Wants To Hike Water Rates - Currently costs 20 pesos per square meter per home; charges 3 pesos on average

Editorial Jornada: Health Ministry is starting National Vaccination Campaign without sufficient doses for seasonal flu and none for H1N1

Top Story Jornada: Nava Plotted Attack: SME - Electric Workers Union accuses PAN President Cesar Nava of orchestrating govt attack on union

Top Story Reforma: SAT Squeezes...Just 20%! - Of the 43.2mln economically active Mexicans, only 20% pay taxes: Ernst & Young

Top Biz Story Reforma: Budget Proposal Questioned - Economists say raising taxes could hurt recovery, recommend running larger deficit

Top Story Financiero: Governance Key To Reforms - At business forum, top leaders of opinion say: first fix government, then fix policy

Top Story Economista: Now Is Time To Dismantle LFC: Business Group - Powerful Concanaco urges govt to disband Luz y Fuerza del Centro

Top Story Excelsior: PRI: No New Taxes; Yes To Spending Cuts - Party pacts rejection Los Pinos budget proposal as recessive, inflationary

Top Story Cronica: Govt To Intervene If SME Tries Sabotage - Labor Ministry warns Electric Workers Union to seize power stations if needed

Top Story Milenio: Mexico W/Worst Economic Performance In LatAm - GDP to rebound 2.8% in 2010, lowest among major economies in region: EIU

06 October 2009

Markets: Bolsa IPC up 1.59% at close Tue at 29,690.48 v. open of 29,226.46 -- range 29,226.461 - 29,720.199

Markets: Peso firmed 0.01% at close Tue at 48hr sell rate of 13.5165 v. open of 13.5175 -- range 13.4480 - 13.5300

Inegi: Consumer Confidence Index bumps to 81.36 in Sep vs. 80.24 in Aug on seasonally adjusted basis; down from Jul 12-month peak of 85.64

Banxico: International reserves at US$78.302bln on Oct. 2 vs US$76.122bln on Sep. 30

Markets: Bolsa IPC up 1.32% in early trade Tue at 29,601.12 v. Mon close of 29,214.40 - up 1.87% -- Mon range 28,676.67 - 29,235.84

Markets: Peso weaker 0.09% in early trade Tue at 48hr sell rate of 13.6321 v. Mon close of 13.6200 - firmed 0.1% -- Mon range 13.61 - 13.24

Editorial Universal: ENLACE results affirm that Mexico, by neglecting public education, reinforcing inequality and a generation of poverty

Top Story Universal: Public School Quality Plunges - Gap between public, private schools growing, according to national ENLACE tests

Top Story Jornada: Labor Minister Beheads SME - Govt refuses to recognize Martin Esparza as Electric Workers Union head, to annul elections

Top Story Reforma: Final Appeal Rejected - Labor Ministry refuses to recognize election of Martin Esparza as Electric Workers Union leader

Top Biz Story Reforma: Maquila Jobs Return - After 7 months of losses, maquila employment rose by 9k posts in August, says industry group

Top Story Financiero: New Downturn Potential In 2010: World Bank - As fiscal stimuli withdrawn, govt debt weighing, new recession looms

Top Story Economista: Esparza Petition Rejected - Official sanction of Martin Esparza as Electric Workers Union head denied

Top Story Cronica: Labor Ministry Rejects Union Petition - Officially denies leadership papers for Electrical Workers Union head Esparza

Top Story Excelsior: PAN Cedes On 2%, Agrees To Exemptions - PAN lawmakers agrees to exempt basket of basic foods, meds from proposed tax

Top Story Milenio: Govt Will Guarantee Power Supply: Labor Ministry - Prepared to intervene in Luz y Fuerza utility should union strike

05 October 2009

Mexican Institute of Finance Executives (IMEF) sees growth in manufacturing, services industries; declares recession

IMEF: IIEEM Services Index 51.79 points in Sep vs. 51.07 points in Aug - >50 manufacturing generally expanding, <50 contracting

IMEF: IIEEM Manufacturing Index 51.62 points in Sep vs. 51.15 points in Aug - >50 manufacturing generally expanding, <50 contracting

Markets: Peso weaker 0.32% in early trade Mon at 48hr sell rate of 13.6788 v. Fri close of 13.6350 - firmed 0.4% -- Fri range 13.62 - 13.24

Markets: Bolsa IPC up 0.49% in early trade Mon at 28,820.02 v. Fri close of 28,678.66 - up 0.32% -- Fri range 28,063.72 - 28,723.62

Editorial Universal: Trend to devolve federal public services to municipalities ensnared by dearth of municipal-level administrative talent

Top Story Universal: Mexican Economy In LatAm's Basement - Due to links to US, will be most hurt this year; S. America hitched to China

Editorial Jornada: Labor Ministry engaged in campaign to harass Electric Workers Union; systematically attacks labor opposing Los Pinos

Top Story Jornada: Fox Admin, Human Rights Disaster: Soberanes - Nat'l Human Rights Commissioner bashes Fox record, questions Calderon, too

Top Story Reforma: Waste Disposal Caught In Red Tape - With trash piling up Environment Ministry slow to publish new sanitary landfill rules

Top Biz Story Reforma: Auto Decree Relaxed - To retain automakers and attract more, govt will abridge rules to lower output requirements

Top Story Financiero: Global Economic Growth Fragile - Financial systems remains fragile, could lead to a 'W' or 'L' shaped recovery pattern

Top Story Economista: Los Pinos Consolidated Tax Proposal Won't Pass: PRI - Opposition kills plan to end cross-subsidiary fiscal credits

Top Story Milenio: 2% Consumption Tax 'Unnecessary', Say PRI, Private Sector - Both see room for better tax collection, greater austerity

Top Story Cronica: Open Sewage Pits Near To Fed District Water Supply - 'Irregular' settlements on city outskirts contaminate water table

Top Story Excelsior: Exports Not The Panacea: Banxico: Central bank Gov. Ortiz says economic model must shift toward greater domestic demand

04 October 2009

Top Story Universal: Increase In Church Looting - Loss of religious art to bandits continues to rise; UN warns of loss of cultural heritage

Top Story Jornada: Investment, Jobs Would Avoid Social Upheaval - In TV-UNAM documentary, former finance ministers analyze economic policy

Top Story Reforma: Embassies Ride Out Crisis In Luxury - Report from Foreign Affairs Ministry details exorbitant rents for overseas offices

Top Story Cronica: 9 More Students Linked To Fed District Explosions - Feds widen investigation into Sep bombings at banks, businesses

Top Story Milenio: Despite Setback, SME Says No Blackouts - Luz y Fuerza union workers will mount protests this week, but keep lights on

Top Story Excelsior: US Worried Zetas Supplanting Govts - New book by Max Manwaring casts narco gang as private army, new security threat

03 October 2009

Top Story Universal: 6mln In Misery - President says 20mln now live in food poverty, and warns number will grow without dramatic reforms

Editorial Jornada: During Fri march to mark 1968 Tlateloco massacre, 26 arrests by police show repression is on rise at all levels of govt

Top Story Jornada: Factory Sector Slashes Jobs - Since 2000, 1.1mln manufacturing jobs lost due to poor industrial policy: UNAM researcher

Top Story Reforma: Queretaro Axes Tax - New governor surprises by eliminating hefty federal vehicle registration fees starting 2010

Top Biz Story Reforma: Brewers Share Prices Rise - FEMSA's move to sell beer unit to foreign brewer rallies stocks, including rival Modelo

Top Story Cronica: Mexico City Bomber Released - Judge orders release of UAM student accused of bombing six banks; says arrest was illegal

Top Story Milenio: 6mln More Food Poor Than In 2006: Calderon - Mexicans too poor to meet family caloric needs has grown from 14mln to 20mln

Top Story Excelsior: PRI Backs Using Afore Funds - PRI deputies will back bill to use Afore pension funds to invest in public works projects

02 October 2009

Markets: Bolsa IPC up 0.32% at close Fri at 28,678.66 v. open of 28,586.48 -- range 28,063.72 - 28,723.62

Markets: Peso firmed 0.68% at close Fri at 48hr sell rate of 13.6350 v. open of 13.7285 -- range 13.6200 - 13.7363

INEGI: Producer Confidence Index (PCI) 38.29 points in Sep vs. 38.17 points in Aug (>50 manufacturing generally expanding, <50 contracting)

INEGI: Manufacturing Orders Index (IPM) 49.53 points in Sep vs. 47.68 points in Aug (>50 manufacturing generally expanding, <50 contracting)

Markets: Bolsa IPC down 1.74% in early trade Fri at 28,089.57 v. Thu close of 28,588.26 - down 2.20% -- Thu range 28,248.92 - 29,236.58

Markets: Peso weaker 1.15% in early trade Fri at 48hr sell rate of 13.6588 v. Thu close of 13.5035 - firmed 0.3% -- Thu range 13.48 - 13.24

Top Story Universal: Zapotillo Halted - Massive hydraulic dam project halted indefinitely as public bidding process to be investigated

Editorial Jornada: Swearing-in spectacle at DF Legislative Assembly reflects the erosion of faith in electoral institutions, processes

Top Story Jornada: Calderon Goes For MXN125bln In Afore Funds - New bill would permit retirement funds to be used for public works spending

Top Story Reforma: Afore Funds Lined Up For Public Works - Calderon will submit bill to permit use of Afores monies for public investment

Top Biz Story Reforma: SME Announces Strike - Due to labor conflict, Mexican Electrician Union will halt work, march on Los Pinos next week

Top Story Financiero: Dark Panorama For Close Of Year - Although economy has bottomed out, negative growth seen through Q4 at minimum

Top Story Economista: Public Works To Be Financed With Afores - Federal government proposes dipping into Afore funds to supplement works

Top Story Cronica: Fed District Assembly, A Chaotic Circus During Swearing In Of Delegates - After controversy, protests disrupt ceremony

Top Story Excelsior: Afores Could Be Used for Public Works - Los Pinos wants a reform to use privately run pension funds for public works

Top Story Milenio: Calderon Wants To Dip Into Pensions - President proposes letting Afores invest pension funds in public works projects

01 October 2009

New Bank of Mexico economist survey reveals 2009 GDP consensus forecast of -7.18% vs. -7.19% in previous survey; 2.82% in 2010

Bank of Mexico economist survey sees 2009 year-end peso consensus forecast of 13.37 /US$ vs. 13.22 in previous survey; 13.42 in 2010

New Bank of Mexico economist survey reveals 2009 inflation consensus forecast of 4.29% vs. 4.25% in previous survey; 4.28% in 2010

Bank of Mexico survey sees 2009 year-end interest rate consensus forecast of 4.52% vs. 4.47% in previous survey; 5.43% in 2010

Markets: Bolsa IPC down 1.27% in early trade Thu at 28,860.07 v. Wed close of 29,232.24 - down 0.68% -- Wed range 29,213.59 - 29,760.47

Markets: Peso weaker 0.64% in early trade Thu at 48hr sell rate of 13.5900 v. Wed close of 13.5035 - firmed 0.3% -- Wed range 13.48 - 13.24

Editorial Universal: The Federal Electoral Institute mulling idea of proposing independent candidacies; that carries inherent political risk

Top Story Universal: Zapotillo Dam Project In Doubt - 2 bidding groups challenge process, already dogged by social, ecological concerns

Editorial Jornada: New Fed District Human Rights Commissioner Luis Gonzalez must continue CDHDF's record in fighting official corruption

Top Story Jornada: Narco Moves US$40bln In Mexico - Soaring drug profits double the foreign exchange earned from migrant remittances

Top Story Reforma: DF, Health Ministry Clash Over Water - Fed District govt rejects federal report of fecal bacteria presence in H2O supply

Top Biz Story Reforma: Automakers Release Brakes - Ford, GM adding shifts in Mexico as US cash-for-clunkers program revives market there

Top Story Financerio: Banxico Spent US$31bln Defending Peso - Since Oct. 8, 2008, central bank used billions in reserves to buoy peso

Top Story Economista: Cardholders Choose To Pay Down Debt - Credit card spending continues to plunge as consumers opting to pay off plastic

Top Story Excelsior: New Home Sales Crash 40% - New housing market reduced 40% nationally by higher joblessness, tighter credit conditions

Top Story Cronica: A Cop Killed Coppel: CDHDF - Fed District human rights agency says police shot Yolanda Coppel in botched kidnap rescue

Top Story Milenio: 2008 Execution Record Surpassed - By Milenio's count through end of Sep 5,874 narco-murders, 213 more than in all of 2008