29 November 2009

Top Story Universal: PRD Hems In Juanito - PRD supporters blockade delegation HQ after Iztapalapa chief reclaimed his elected office there

Top Story Reforma: Reward System Fails - After 2mos of MXN400mln fund for cash rewards for organized crime tippers, not 1 peso doled out

Top Story Jornada: Honduras To Hold Discredited Elections - Today CenAm country votes; Brazil leading regional charge to ignore prez results

Top Story Milenio: I Will Not Break With AMLO: Ebrard - Mexico City mayor will run for president in 2012, but refuses to split with AMLO

Top Story Excelsior: Govt Contracts Nat'l ID Before Law Passed - Though the feds have awarded contracts for biometric design, law in limbo

Top Story Cronica: Congress Seeks To Review Contract For Identity Card - Controversy over national ID card sparks calls for inquiry on bids

27 November 2009

Inegi: Manufacturing work-hours index in Sep at 83.7 (2003=100), +1.0% on a month-to-month, annualized, seasonally adjust basis; trend -4.1%

Inegi: Manufacturing employment index in Sep at 84.0 (2003=100), +1.0% on a month-to-month, annualized, seasonally adjust basis; trend -4.1%

Editorial Universal: Church should stay out of politics on sexual orientation, reproductive rights, and euthanasia debates in Mexico

Top Story Universal: Calderon Proposes End Of Municipal Police - President calls for absorption of municipal cops by state-level agencies

Editorial Jornada: Suspicions around Smartmatic and cries of foul only strengthen doubts for need of a biometric national identity card

Top Story Jornada: Govs Reject Crime Barometer - Governors object to crime perceptions study, demand a consensus-based methodology be used

Top Story Reforma: Cofetel Urges Transparency - Federal Telecommunications Commission wants make public and televise its sessions

Top Biz Story Reforma: Govt Calls For Bids For Nautical Ladder - Wants to concession Sea of Cortez tourism-oriented small ship ports project

Top Story Financiero: Dubai Causes Domino Effect - Suspension in payments by Dubai-backed fund wreaks havoc on markets worldwide

Top Story Economista: Business, President Call For Truce - Business chambers and Calderon agree to take spat over taxes, policies private

Top Story Excelsior: Crime Report Irks States - After harsh results of private study, states want independent commission; Calderon backs it

Top Story Milenio: Governors Reject Crime Stats - Private pollster on contract by feds provokes gubernatorial ire with victim study results

Top Story Cronica: Company Linked To Fraud Win Identity Card Contracts - Bid won by Smartmatic, investigated for fraud, tax evasion in US

Markets: Stocks: Bolsa bellwether IPC Index up 1.92% in midday trade to 31,031.41 points; volume at 1130am of 71,661,985 shares traded

Markets: FX: Benchmark 48hr interbank sell-rate strengthens 0.6% by midday Fri to 12.9299 pesos/US$ from 13.0070 Thu close

Banxico: Central bank votes to leave benchmark overnight interbank interest rates at 4.50% at monthly monetary policy meeting

26 November 2009

Editorial Universal: New data on rising poverty levels are alarming; govt right to talk of prioritizing, but there has been no policy action

Top Story Universal: Water To Rise, Subway Tickets No - 2010 Federal District to propose 2% green tax on H2O plus 10% surcharge Feb-May

Editorial Jornada: Calderon Administration talking the talk on poverty reduction, but not walking the walk; policies have worsened poverty

Top Story Jornada: Time To Get Social Policy Back On Track: Calderon - President says poverty reduction now top priority of administration

Top Story Reforma - Water Rates To Rise 10% - On top of annual fee hikes a 10% surcharge from Feb-May to hit Federal District due to drought

Top Biz Story Reforma: Q3 FDI Of -US$637mln - Net balance of foreign direct investment is negative for first time since at least 1960

Top Story Financiero: Foreign Exchange Flows Plunge - From Jan-Sep, inflows of US$55.8bln off 38% from same period of 2008

Top Story Economista: FBI Probed Smartmatic - Tax suspicion fell on firm that will deploy biometrics in new Mexican national identity cards

Top Story Excelsior: Piracy Feeds Organized Crime: Industry officials say money spent on counterfeit goods bankrolls narco, kidnapping gangs

Top Story Milenio: Get Social Policy Back On Track: Calderon - President says time has come for radical moves to eradicate poverty

Top Story Cronica: Charting A Course For Mexico - Group of leading intellectuals propose new course for country, restructuring whole system

Markets: Stocks: Bellwether IPC Index -2.32% to 30,636.13 points in midday trade; low volume trade of 29,435,786 shares recorded by noon

Markets: FX: Benchmark 48hr interbank sell-rate weakens to 13.000 pesos/US$, 1.19% softer than Wed close of 12.8470

25 November 2009

Inegi: Q3 GDP at current prices at MXN11,995,339tln; 3.8% agriculture; 35.7% industry (manufacturing 18.2%); 62.3% services (retail 14.5%)

Editorial Universal: Though battle over telecom spectra lost by Los Pinos in Supreme Court ruling, the real culprit was shoddy legislation

Top Story Universal: Counterfeiting Twice As Large As Narco - Piracy market seen at US$75bln v. US$40bln for drugs, AmCham study finds

Editorial Jornada: Mexican Electric Workers Union has not lost faith in fight against closure of LFC state utility; its strength still grows

Top Story Jornada: Elias Ayub Begs Off On CFE Bribery Case - CFE head notes that US justice investigation began 2yrs before he took office

COREX: Top Story Reforma: Union Opacity OK'd - Federal court rules that spending of union dues private, not subject to Fed Transparency Law

COREX: Top Biz Story Reforma: G. Ortiz Finds Backing - Bankers, analysts, foreign & domestic support another 6yr term for central bank head

Top Biz Story Reforma: Union Opacity OK'd - Federal court rules that spending of union dues private, not subject to Fed Transparency Law

Top Story Financiero: Lack Of Leadership On Reforms - Fitch downgrade underscores failure of govt, Congress to pass crucial reforms: IMCO

Top Story Excelsior: 88% Buy Pirated Goods - 88% of consumers buy counterfeit; losses amount to MXN964bln en 2009

Top Story Cronica: Federal Police Opens Modern Intelligence Center - At inauguration, Calderon appeals to officers to resist infiltration

Markets: Stocks: Bellwether IPC Index up slight 0.67% to 31,168.57 in early trade; volume at 1030am of 43,933,118 shares

Markets: FX: 48hr interbank sell-rate trading at 12.9053 pesos/US$ in early Wed, flat with Tue close; strengthened after Fitch downgrade

Arrests of undocumented immigrants along the California-Mexico border declined 25% YTD amid weak US economy, tougher enforcement: US CBP

24 November 2009

Inegi: National unemployment rate falls to 5.78% of workforce in Oct v 6.03% in Sep on seasonally adjusted basis; annual trend at 5.90%

Inegi: Urban unemployment rate grows to 7.27% of workforce in Oct v 7.20% in Sep on seasonally adjusted basis; annual trend at 7.18%

Inegi: Total imports -18.4% in Oct on m/m, seasonally adj., annualized basis to US$19.5bln; annual trend rate +16.0%

Inegi: Intermediate manufacturing imports -4.9% in Oct on m/m, seasonally adj., annualized basis to US$14.5bln; annual trend rate +25.0%

Inegi: Consumer goods imports -14.7% in Oct on m/m, seasonally adj., annualized basis to US$2.7bln; annual trend rate +5.5%

Inegi: Capital goods imports -16.8% in Oct on m/m, seasonally adj., annualized basis to US$2.5bln; annual trend rate +17.2%

Inegi: Total exports +104.9% in Oct on m/m, seasonally adj., annualized basis to US$20.5bln; annual trend rate +40.8%

Inegi: Total non-petroleum goods exports +60.4% in Oct on m/m, seasonally adj., annualized basis to US$17.1bln; annual trend rate +22.9%

Inegi: Total petroleum exports +219.5% in Oct on m/m, seasonally adj., annualized basis to US$2.90bln; annual trend rate +93.3%

Inegi: Total manufactured goods exports +39.5% in Oct on m/m, seasonally adj., annualized basis to US$16.3bln; annual trend rate +31.5%

Editorial Universal: Authoritarianism of past partly upheld by govt control of media via concessions; Supreme Court has put an end to that

Top Story Universal: Executive Branch Can't Decide Concessions - Supreme Court rules autonomous Federal Telecom Commission has the power to

Top Story Jornada: Fitch Downgrades Mexico - Ratings firm reduces sovereign debt grade from BBB+ to BBB; still investment grade score

Top Story Financiero: Fitch Lowers Mexico Rating - Structural and fiscal weakness led Fitch to reduce Mexico's national risk rating to BBB

Top Story Economista: Ratings Downgrade Already Priced In - Fitch's one-step reduction of Mexico sovereign rating to BBB widely anticipated

Top Story Excelsior: Mexico Loses Investment Shine - Fitch Ratings Knocked country's sovereign debt grade from BBB+ to BBB on economy, oil

Top Story Milenio: Court Strips SCT Of Concessions - Govt may not issue rules on spectrum concessions, aegis of Federal Telecom Commission

Top Story Cronica: Court Hands Reverse To Calderon, SCT - Supreme Court rules president, Communications Ministry may not award RF spectrum

23 November 2009

ALERT: Fitch Ratings lowered Mexico a notch, cites economic crisis, lower oil output; rating now at BBB, 2 ranks above junk; outlook stable

Inegi: Wholesales Index +14.00% on month-to-month, seasonally adjusted, annualized basis in Sep; annual trend rate at +7.42%

Inegi: Retail Sales Index -3.11% on month-to-month, seasonally adjusted, annualized basis in Sep; annual trend rate at -3.00%

Editorial Universal: Amid fierce crisis, it's in vogue to criticize our economic model; where are the affirmative alternative proposals?

Top Story Universal: A/H1N1 Influenza Vaccinations Begin - First batch of 650k doses to arrive today; will go to most vulnerable populations

Editorial Jornada: Most of the media has steadily attacked AMLO, but call to open the industry responds not to revenge but to transparency

Top Story Jornada: Democratizing TV, Radio Vital: AMLO - At rally marking 3yrs of resistance, Lopez Obrador urges defeat of 'mafia of power'

Top Story Reforma: Mexico Exports Drivers - In past 5yrs, at least 150,000 Mexican truck drivers have migrated to US to fill driver deficit

Top Biz Story Reforma: Compatriot Power Measured - Mexicans working in US pay twice in taxes what they send home to Mexico

Top Story Financiero: Mexico Vulnerable To New US Downturn - Signals from neighbor economy unclear, a concern for Mexican growth prospects

Top Story Economista: Unchecked, 14% of Spending Budget - State, municipalities to get MXN442bln in federal funds without earmarks, audits

Top Story Excelsior: Highway System To Grow 15% - 2010 expenditure budget could significantly expand nation's state and interstate highways

Top Story Milenio: Former Napo Operator Staging Coup - Carlos Pavon, right-hand man of Miner Union leader Napoleon Gomez, now wants his job

Top Story Cronica: Covian Paid MXN500k To 'Aviators' In 2mos - Mexico City electoral judge Covian hired, paid 10 workers that never worked

Markets: FX: Peso firms 0.27% in early trade to 13.0263/US$ v 13.0620 close on Fri

Markets: Stocks: Bellwether IPC Index up 1.5% in early trade to 31,126.35; share volume at 47,694,540 at 10:30am

21 November 2009

Intel Corporation lawsuit against Mexico Watch now available for download on Web site: http://www.intelfortheintelligent.com

Top Story Universal: WHO Reports Aggressive Mutation of A/H1N1 Influenza - New strains of swine flu surface in Norway

Editorial Jornada: The commemoration of the 99th anniversary of the Mexican Revolution is a reminder that neoliberal policies have betrayed

Top Story Jornada: Put An End To Official Obscurity: John Womack - Historian, receiving award, says modern Mexico requires govt transparency

Top Biz Story Reforma: GDP (unadjusted) contracts 6.2% in Q309 year-on-year; economy has lost MXN1.5tln in one year of shrinkage

Top Story Reforma: Mega-Salaries Untouched - In 2010 Federal Budget, many cuts made, but not to the huge pay enjoyed by top officials

Top Biz Story Reforma: Services Drive Recovery - GDP (adjusted, annualized) grew 2.9% in Q309, led by services +4.0%; industry +2.1%

Top Story Excelsior: No More Flu Vacations: Education Ministry - Winter school vacation schedule will not be modified even if A/H1N1 spreads

Top Story Cronica: Calderon Favors 'Changing What Needs To Be Changed' - President wants profound reforms to honor anniversary of revolution

Top Story Milenio: Calderon Invokes Peaceful Revolution - Mexico needs a new revolution, with deep-reaching changes; it should be pacific

20 November 2009

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Inegi: Sep GDP proxy, the IGAE, +2.8% in Sep v -4.7% in Aug on seasonally adjusted, annualized basis; annual Sep trendline at +2.6%

Alert: GDP data show Mexico emerged from recession in Jul-Sep period

Inegi: Q309 GDP +12.2% on a seasonally adjusted, quarter-to-quarter, annualized basis; Q209: -1.1%; Q109: -23.4%; Q408: -9.3%; Q308: +0.2%

Inegi: Q309 GDP +12.2% on a seasonally adjusted, quarter-to-quarter, annualized basis; snaps three straight quarters of contracting output

Editorial Universal: Deep recession, slow recovery signs Mexico needs better domestic demand; politically we lack consensus to create it

Top Story Universal: Mexico Is Poverty Leader: Eclac - UN commission says LatAm poverty rates fell in 2006-2008 in every country but Mexico

Editorial Jornada: Govt fiery rejection of criticism by Nobel economist Stiglitz reveals its stubborn refusal to re-assess market economics

Top Story Jornada: Mexico Saw Worst Poverty Increase In LatAm - Eclac study finds poverty, inequality grew most in Mexico in 2009 in LatAm

Top Story Reforma: First Job Program Scotched - Govt, Congress quietly kills program to subsidize companies hiring young, inexperienced

Top Biz Story Reforma: Looking To Drum Up Investment - Mex govt reps in New York presenting US$226bln in projects planned for next 3yrs

FinMin: Mexico Had Little Choice Amid Crisis - Nobel economist Stiglitz criticizes govt policiy; Carstens says right path taken amid choices

Top Story Economista: Business To Monitor Public Spending - Umbrella business organization group CCE to form institute to audit expenditures

Top Story Excelsior: OECD: 2 More Yrs Of Joblessness - Organization says high unemployment to persist 2+ years in Mexico, may stunt recovery

Top Story Cronica: ECLAC Urges Social, Fiscal Pact In Mexico - UN commission calls for new 'fiscal pact with more social viability'

Top Story Milenio: Mexico Offers US$226bln In Public Works In NY - FinMin Carstens heads presentation to investors that details 480 projects

Markets: Stocks: Bellwether IPC Index down slightly 0.26% to 30,738.37 points in midday trade Fri

Markets: FX: Benchmark 48hr interbank sell-rate slips 0.39% to 13.1035 pesos/US$ in midday trade Fri v. Thu close of 13.0530

19 November 2009

Markets: FX: 48hr interbank sell rate at 13.0200 pesos/US$, 0.07% weaker than Wed close of 13.0106

Markets: Stocks: Bellwether IPC index down 1.09% to 30,718.14 in early trading; volume at 52,937,239 shares by 10am

18 November 2009

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Editorial Universal: Perversely, Mexico's new democracy has removed certain authoritarian checks on corruption; the authorities are to blame

Top Story Universal: Corruption Shoots Up In Mexico - Country fell on global Corruption Perceptions Index to 89th place from 72 last year

Editorial Jornada: MXN3.2tln 2010 federal budget hijacked by the PRI thanks to electoral successes; PRI-governed states benefited the most

Top Story Jornada: Domestic Debt Grows MXN1bln Per Day - Calderon administration has set a new record with growth of domestic debt

Top Story Reforma: Mexican Corruption Worsens - Corruption Perceptions Index ranks country in 89th place among nations, -17 spots from 2008

Top Biz Story Reforma: Food Sales To US Resist Crisis - Exports +6.4% through first 3 quarters y-y, only slightly off +8.6% recorded in 2008

Top Story Financiero: Mexico's Vulnerability Grows - Moody's says lack of public finance reform reducing margin against external shocks

Top Story Economista: Federal Expenditure Plan Step Back For Transparency - PAN says will seek legal means to force accountability by states

Top Story Excelsior: Deputies Tie Los Pinos' Hands - Within 2010 Federal Budget, Congress voted to require a 3yr austerity plan from feds

Top Story Milenio: PAN Confronts Federal Funds For States - Senators object to removal of spending locks, will seek court challenges

Top Story Cronica: 2010 Expenditure Plan Irks PAN - PAN Caucus in Senate angered by removal of spending locks on federal funds for states

Banxico: Central bank releases to public new loan Total Annual Cost (CAT or APR) calculators; credit cards http://ping.fm/9vQzY mortgages http://ping.fm/pcjAb other http://ping.fm/GXPoL

Markets: Stocks: Bellwether IPC index down 0.69% in midday trade to 31,183.31 v. 31,400.20 close Tue

Markets: Peso: Benchmark 48hr interbank sell-rate firms 0.31% in midday trade to 13.0173 pesos/US$ v. 13.0580 close Tue

17 November 2009

Editorial Universal: So-called federal deputies have local interests; PRI deputies clearly fought to keep fed funds for states unaccountable

Top Story Universal: Chamber Gives Free Hand To States - Locks on 2010 federal budgetary funds undone in final spending plan

Top Story Jornada: Governors Big Winners In 2010 Budget - Federal spending will be subject to new controls, but state funds spent at will

Top Story Reforma: Governors Come Out Winners - In final 2010 federal budget, now approved, state funds were hiked MXN6bln, a 50%+ increase

Top Biz Story Reforma: Earning Unauthorized Income - Debt-laden Mexicans turning to new kind of business -- unregulated credit restructuring

Top Story Financiero: MXN97bln Expenditure Adjustments - After tweaks, Chamber of Deputies approves 2010 spending budget in early hours Tue

Top Story Economista: Locks Removed From State Funds - Requirements such as spending on mandated joint state-fed projects killed by Congress

Top Story Excelsior: Ministries Can Take A Breath - Deputies agree to fund in 2010 the 3 ministries Los Pinos had proposed dismantling

Top Story Milenio: MXN9bln More Funding For Higher Ed - Part of MXN14bln 2010 spending hike, deputies slated MXN9bln more for universities

Top Story Cronica: MXN17bln From LFC Rebudgeted To Schools, Ag - After adjustments, Chamber Budget Committee approves 2010 spending plan

Markets: Stocks: Bellwether IPC index up 0.69% to 31,216.16 in midday trade; volume as of 1030am at 73,935,189 shares

Markets: Peso: 48 interbank sell-rate at 13.0643 pesos/US$ in midday trade, 0.03% firmer than Fri close of 13.0680 (Mon was a mkt holiday)

16 November 2009

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NOTE: Today is a market and federal holiday in observance of Revolution Day; Economista & Financiero not published; no indicators due out

Editorial Universal: Mexico slips into shadows of LatAm; we thought democracy would bring prosperity, but ruling class is still in place

Top Story Universal: Mexico Loses Leadership Of LatAm - Chile, Brazil and Panama are now more competitive as Mexico squanders potential

Top Story Jornada: PRI, PAN, FinMin Manipulate, Control Budget - Ruling party PAN and leading opposition PRI seize combine to control vote

Top Story Reforma: The Battle Over Fallow Resources - Congressional struggle over funds intensifying each yr, though monies often not spent

Top Biz Story Reforma: Used Car Sales Rise - As new car sales fall amid crisis, used car dealers forecast y-o-y increase of 15% for 2009

Top Story Excelsior: Country Without A Budget - Legal deadline for 2010 Federal Budget approval passes without a congressional vote

Top Story Milenio: Coalition Forms To Oust Esparza - Former head of Electric Workers Union Jorge Sanchez registers aims to be new SME boss

Top Story Cronica: Budget Breakthrough: MX22.6bln In Additional Farm Funds - Budget poised for approval after FinMin caves to PRI ag demands

Markets: Peso: 48hr interbank sell-rate benchmark firms slightly -- 0.03% -- to 13.0643 pesos/US$ v Fri close of 13.0680

Markets: Stocks: Bolsa IPC bellwether index up 0.78% to 31,002.09 in early trade Monday

15 November 2009

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Top Story Universal: Narco Financial Structure Intact - Govt war on drug cartels fails to attack finances, thus doomed to failure overall

Top Story Jornada: Some 500 Neighborhoods In Mexico City Without Water After Failure - Pipe bursts, outage to last until Monday, at least

Top Story Reforma: Mexico City Alcohol Abuses Raises Alarm - Youth binge drink on rise; more than half of teens consume 5+ drinks at parties

Top Story Excelsior: 6 of 10 Social Programs Fail - Natl Council of Social Development Policy Evaluation says federal programs not working

Top Story CRONICA (Corex): PRI Takes Budget Approval To Extreme - PRI froze talks again; farmer "wing" of party demands MXN13bln more funds

Top Story MILENIO: PRI Subdues PAN; Together They Override PRD - In budget talks, PAN bending to PRI demands; PRD charges Congress kidnapped

Top Story Cronica: PRI Subdues PAN; Together They Override PRD - In budget talks, PAN bending to PRI demands; PRD charges Congress kidnapped

13 November 2009

Inegi: Quarterly Employment Stats: Informal rate rises to 28.31% in Q309 v. 28.01% in Q209 and 27.26% in Q308 on a seasonally adjusted basis

Inegi: Quarterly Employment Stats: Joblessness rate rises to 5.97% in Q309 v. 5.51% in Q209 and 3.98% in Q308 on a seasonally adjusted basis

Editorial Universal: Enough Is Enough! is the new campaign by Alianza Civica NGO to reduce lavish funding for political parties; time is now

Top Story Universal: Deputies Slash MXN1bln From ProArbol - Lawmakers shave funding from federal reforestation program; will reassign monies

Editorial Jornada: CFE announcement to spent MXN5bln over 2yrs to improve power grid in central region reveals hypocrisy of LFC closure

Top Story Jornada: Calderon Chides Business For Undermining Tax Plan - Presidents blames private sector for failure of Los Pinos proposal

Top Story Excelsior: Calderon Blames Business For Fiscal Failure - President says deliberate campaign weakened and eroded his tax proposal

Corex: Top Biz Story Reforma: Brazil Stalks Mexico: Brazil credit rating may be upgraded, while Mexico faces downgrade: JP Morgan

Corex Top Story Reforma: SNTE Misuses Funds - Sinaloa chapter of National Education Workers Union spent MXN720mln to build convention center

Top Biz Story Reforma: SNTE Misuses Funds - Sinaloa chapter of National Education Workers Union spent MXN720mln to build convention center

Top Story Financiero: At The Limit, 2010 Budget Talks - Lawmakers again postponed talks on federal expenditures; legal deadline Nov 15

Top Story Economista: Business Halted Tax Package: Calderon - President rails against private sector lobby for watering down tax proposals

Top Story Milenio: Private Sector Leaders Blew Tax Program: Calderon - President accuses lobbying campaign of crushing 2% poverty tax

Top Story Cronica: Private Sector Lobby Weakened Tax Program: Calderon - President says private sector eroded tax reforms through criticism

Markets: FX: 48-hour interbank sell rate at 13.1786
pesos/US$ in early trade Fri, 0.04% firmer than Thu close of 13.1840

Markets: Stocks: Bolsa bellwether IPC index down slight -0.06% in early trade at 30,740.44; volume of 9,752,336 shares

12 November 2009

INEGI: Sep seasonally adjusted, annualized IP/Manufacturing 9.23% v. -17.93% in Aug -- annual trend rate 7.36%

INEGI: Sep seasonally adjusted, annualized IP/Construction -13.70% v. -28.65% in Aug -- annual trend rate -6.74%

INEGI: Sep seasonally adjusted, annualized IP/Mining 1.86% v. 14.09% in Aug -- annual trend rate 2.50%

INEGI: Sep seasonally adjusted, annualized IP/Gas, Water, Power 5.96% v. 12.24% in Aug -- annual trend rate 4.42%

Markets: Stocks: Bolsa IPC Index bellwether up slight 0.05% in early trade to 31,113.21; volume 27,804,033 shares traded

Markets: FX: Peso at 48-hr interbank benchmark sell rate weakens 0.19% in early trade Mon at 13.1724
v. 13.1480 close Fri

Editorial Universal: Mexico needs to systematically measure, diagnose, and adjust public expenditure, which currently is disbursed blindly

Top Story Universal: Demands To Halt Subsidies Of ProArbol, Procampo - Various experts say farm assistance programs need audit, reworking

Editorial Jornada: Historic convergence of labor and other civic groups to protest closure of LFC utility will force govt to reverse stance

Top Story Jornada: We Are Ready For National Strike: SME - Electric Workers Union has gained enough momentum to paralyze nation, SME says

Top Story Reforma: Mexico City Gridlocked - Though protest turnout was small, SME and other unions managed to disrupt traffic in city

Top Biz Story Reforma: Inflation Punishes Purchasing Power - Nominal price rises have outstripped average salary hikes for past 19mos

Top Story Financiero: Ave Growth Of 2% Over 20yrs: BBVA - Bank says poor use of resources, population changes to restrain GDP over 20yrs

Top Story Economista: CFC Defanged - Federal Competition Commission faces cuts in real terms of 11% of budget in 2010, further weakening org

Top Story Excelsior: PAN, PRI Squabble Over Opportunidades Funds - Opposition wants to shift some federal welfare program monies to states

Top Story Milenio: SME Scales Demands - Mexican Electric Workers Union calls for resignation of Labor Minister Lozano, talks with Senate

Top Story Cronica: SME Loses Steam; Cancels March - Mexican Electric Workers Union national strike, Mexico City march fizzle out

11 November 2009

INEGI: Sep Gross Fixed Investment (GFI) Indicator +9.8% on seasonally adjusted, annual basis v +7.9% in Aug -- Annual trend at -4.1% in Sep

INEGI: Sep GFI Construction Indicator -5.9% v. +15.7% in Aug -- Annual trend at +0.8% in Sep

INEGI: Sep GFI Machinery & Equipment Indicator +19.9% v. +13.6% in Aug -- Annual trend at -4.9% in Sep

INEGI: Sep GFI M&E Domestic Indicator +115.9% v. -2.1% in Aug -- Annual trend at -5.5% in Sep

INEGI: Sep GFI M&E Imported -29.7% v. +32.3% in Aug -- Annual trend at +0.1% in Sep

10 November 2009

Inegi: Revised data: Sep trade balance of -US$1.1bln -63.4% y/y; YTD deficit of US$4.3bln -51.6% y/y

Inegi: Revised data: Sep consumer goods imports of US$3.1bln -30.5% y/y, v. YTD US$23.0bln -36.8% y/y

Inegi: Revised data: Sep imports of US$21.8bln -22.1% y/y, v. YTD US$166.8bln -29.6% y/y

Inegi: Revised data: Sep manufactured goods exports of US$17.4bln -17.3% y/y, v. YTD US$134.6bln -24.0% y/y

Inegi: Revised data: non-oil exports of US$18.0bln -16.9% y/y, v. YTD US$142.3bln -23.5% y/y

Inegi: Revised data: Sep exports of US$20.7bln -17.3% y/y, v. YTD US$162.5bln -28.7% y/y

Editorial Universal: Deployment of US Air Force along US-Mex border makes sense given ease of smuggling there; but respect for Mexico vital

Top Story Universal: US Air Force To Patrol Border - US Dept of Defense plans high-tech flyovers, coordination with DEA & FBI on smuggling

Editorial Jornada: Declarations at Mexican Business Summit reveal business and other leaders have grown to repudiate free-market economics

Top Story Jornada: Mexican Economic System Exhausted: Gonzalez Barrera - Billionaire says govt policy needs long-term focus, higher growth

Top Story Reforma: Yes To Cuts -- Across The Board - FinMin OKs PRI proposal to slash funds, but says must come from govt, Congress, states

Top Biz Story Reforma: Salvation Of 3 Ministries Bashed - Business leaders rue Senate decision to scrap closure proposal, will cost MXN9bln

Top Story Economista: Education Committee Asks For MXN20bln Increase - Lower-house lawmakers seek funds from other areas to stave off cuts

Top Story Financiero: Recovery Won't Be Fast Or Easy - After contracting 7% in 2009, 2.7% growth in 2010 means economy will recovery by 2011

Top Story Milenio: US Urges Cooperation On Narco - US Ambassador Carlos Pascual says Mexican army can't fight the fight alone

Top Story Excelsior: Calderon Proposes Reining In Monopolies - President says competitiveness will only increase with limits on monopolies

Top Story Milenio: Calderon Proposes Reining In Monopolies - President says competitiveness will only increase with limits on monopolies

Banxico: International reserves stood at US$79.928bln on Nov 6 v. US$79.778bln on Oct 30

Banxico: Quarterly financing survey shows 22.1% of companies used credit in Q309 v. 27.0% in Q209 and 30.2% in Q308

Markets: Peso benchmark 48-hr interbank sell rate trading 0.6-percent weaker at 13.3360 pesos/US$ in early trade Tue v. Mon close of 13.2560

Markets: Bolsa IPC stock index up 0.84% to 30,902.22 in early trade Tue

09 November 2009

Intel Corporation Lawsuit

http://www.likelihoodofconfusion.com/?p=4340

Editorial Universal: Govt wants to spend MXN1bln to restore Cancun sands after Hurricane Ida, but past experience shows the futility of that

Top Story Universal: 92% Of Spending Earmarked - Citing prior commitments, FinMin less than 8% of expenditure budget truly discretionary

Top Story Jornada: Slim Convokes Nation To Avoid 'Sacrifice' Of Generations - Billionaire bashes govt fiscal, monetary policy, urges jobs

Top Story Reforma: SNTE Commissioners Multiply - Number of paid union commissioners for National Education Workers nearly doubles in 1yr

Top Biz Story Reforma: Interior Ministry Operates Gambling & Lottery In Shadows - The handling and destination of prizes lack transparency

Top Story Financiero: Fragile Economy In 2010 - Federal Budget lacks pro-cyclical impulse; economy seen insipid next year

Top Story Economista: States To Cut Spending - With inadequate funding from 2010 Federal Budget, state govts facing austerity, cutbacks

Top Story Milenio: States Seek MXN280bln; Only MXN6bln On Offer - Opposition to cut MXN50blnto MXN80bln from fed budget, slate it for states

Top Story Cronica: Ex-SME Workers Rehired Starting Today - Former Luz y Fuerza union electricians to work for Federal Electricity Commission

Top Story Excelsior: Businesses Call For Action - At Mexico Business Summit in Monterrey leaders criticize country's lack of competitiveness

Banxico: Consumer price index rises 0.30% in Oct; annual inflation at 4.50% v. 4.89% in Sep; core rate rises 0.29% to 4.90% v. 4.92% in Sep

Markets: Benchmark 48hr exchange sell rate at 13.3960 pesos/USD; 0.06% weaker than Friday close of 13.3873

Markets: Bolsa IPC index up 1.8% to 30,415.62 in early trade Monday

08 November 2009

Top Story Universal: Govt Loots Resources: Experts say that though Mexico's expenditure is low % of GDP, resources used very inefficiently

Top Story Reforma: PGR Pulls Cases Fruitlessly - When Federal Attorney General asserts jurisdiction over local cases, likely to go unsolved

Top Story Jornada: Alert In Mexican Caribbean - Ida reaches hurricane status, 100km from Cozumel, seen passing between Mexico and Cuba

Top Story Excelsior: NL Gov: No To "Cleaning Squads" - Nuevo Leon head says will not support municipally backed vigilante anti-crime groups

Top Story Cronica: Telephone Workers To Strike In Support Of SME - Phone union to stage 24hr strike in support of Mexican Electric Workers

Top Story Milenio: PRI Saved Mexico From 2%: PRI - Though VAT raised by 1%, PRI lawmakers blocked application of 2% to foods and medicines

07 November 2009

Top Story Universal: Social Strategy Ineffective: PRI, PRD - Opposition proposes expenditure changes in Chamber Social Development Committee

Top Biz Story Universal: Analysts Warn: 2010 Tough Yr For Employment - High joblessness to persist through Q210, experts say

Top Story Jornada: SME Wins Injunction Against Closure Of LFC - Electric Workers Union prevails; federal labor board may not end contract

Top Biz Story Jornada: Budget To Raise 2010 Inflation: Analysts - Banamex survey reveals forecast consensus hike from 4.2% to 4.5% on budget

Top Story Reforma: Resistance To Closure Of 3 Ministries - Opposition seek to halt closure of Agrarian Reform, Tourism, Public Function

Top Biz Story Reforma: Idesa, Braskem Win 'Etileno XXI' - Pemex awards Mexico's Idesa and Brazil's Braskem the US$2bln petrochem project

Top Story Excelsior: Mayor Seeks Private Funding For Commando - Head of wealthy Garza Garcia seeks company donations to fund vigilante group

Top Story Cronica: 50.2% Of Electric Workers Accept Severance - Govt says thru Fri more than half of union had acceded to severance terms

Top Story Milenio: Narcos Flee Garza Garcia: Mayor - Wealthy neighborhood's top official says sanctioned private vigilante groups working

INEGI: Composite Indicators; Leading Index= 108.4 (2003=100) Aug vs. 108.2 points in Jul -- 0.18% on month

INEGI: Composite Indicators; Current Index= 96.4 (2003=100) Aug vs. 97.8 points in Jul -- -1.43% on month

COREX: INEGI: Oct Consumer Confidence: Overall sentiment 79.5 v. 81.0 in Sep ; -7.0% v. 12mo high

COREX: INEGI: Oct Consumer Confidence: Perceptions of national situation one year from now 88.0 v. 90.9 in Sep ; -6.0% v. 12mo high

COREX: INEGI: Oct Consumer Confidence: Perceptions of national situation v. one-year ago 73.1 v. 77.2 in Sep ; -10.0% v. 12mo high

COREX: INEGI: Oct Consumer Confidence: Perceptions of household situation one year from now 90.9 v. 92.1 in Sep ; -7.4% v. 12mo high

COREX: INEGI: Oct Consumer Confidence: Perceptions of household situation v. one-year ago at 85.0 v. 85.7 in Sep ; -8.9% v. 12mo high

INEGI: Oct Consumer Confidence: Overall sentiment 85.0 v. 85.7 in Sep ; -8.9% v. 12mo high

INEGI: Oct Consumer Confidence: Possibility of making big-ticket purchase 66.4 v. 62.7 in Sep ; -19.5% v. 12mo high

INEGI: Oct Consumer Confidence: Perceptions of national situation one year from now 93.0 v. 90.3 in Sep ; index now at 12mo high

INEGI: Oct Consumer Confidence: Perceptions of national situation v. one-year ago 77.9 v. 77.5 in Sep ; -9.5% v. 12mo high

INEGI: Oct Consumer Confidence: Perceptions of household situation one year from now 98.7 v. 92.7 in Sep ; Oct index at 12mo high

INEGI: Oct Consumer Confidence: Perceptions of household situation v. one-year ago at 89.93 v. 87.24 in Sep ; -6.23% v. 12mo high

Editorial Universal: Govt-backed vigilante groups destined to become mired, eventually, in criminal activities of their own

Top Story Universal: Carstens Denounces 'Accountant Army' - FinMin says govt confronting active tax evasion by corporate tax strategists

Editorial Jornada: Calderon may say recession over, but that clashes with the reality of the joblessness, weak sales, and consumer pessimism

Top Story Jornada: Recession Reaches End, Says Calderon - Clear signs of recovery amid growth policies that are "difficult", "misunderstood"

06 November 2009

Top Story Reforma: Spending In The Shadows - Govt expenditure budget negotiated behind closed doors, lacks transparency: experts

Top Biz Story Reforma: Auto Parts Makers Eye Local Sourcing - Industry says US$28.4bln in auto parts imports could be made in Mexico

Top Story Excelsior: Recession Cedes, But Confidence Sags - Calderon says Q3 GDP +2.8%, but Oct Consumer Confidence Index fell to record low

Top Story Economista: Recession At End: Calderon - President says recession is behind us, despite poor consumer confidence, jobs reports

Top Story Milenio: 15k Businesspeople fled DF - In 2yrs, violence, kidnappings, extortion prompted 15k businesspeople to leave Mexico City

Top Story Cronica: Clinic Stole Baby; PGJDF Held Her 2yrs - 1 of the babies stolen by doctors was adrift in DF legal limbo for 2yrs

Top Story Financiero: Highly Regressive, Social Expenditures In 2010 - According to study, nearly half of gov spend to benefit upper classes