Top Story Universal: Mexico Stands - National team imposed a victory yesterday in the World Cup, and Mexico celebrated with euphoria
Mexico Watch Intelligence Service
The leading intelligence blog for analysis on business, politics, finance, and the economy for Mexico. Thousands of diplomats, analysts, investors, government officials and top executives with responsibilities - direct or otherwise - relied upon the Mexico Watch Intelligence Service for nearly 20 years. Publication of that service was suspended in 2009, but this blog remains in publication and free to read. Contact us for information on our research and consulting services.
18 June 2010
Top Story Jornada: Narco Profits Stay In Rich Nations - United Nations says bulk of drug proceeds stay in US, Europe, Canada
Top Story Reforma: Army Criticizes CNDH - Defense Ministry says federal human rights body filed shoddy report on Tamaulipas family slaying
Top Biz Story Reforma: Money Laundering Rules With Loophole - Oversight of currency exchange houses weak, insufficient, experts say
Top Story Financiero: Public Finances, At Limit - Despite volatile oil prices, excess earnings of $7bln estimated above federal budget
Top Story Milenio: CNDH Admits Omissions In Tamaulipas Case - Human rights agency says report on military has gaps, says denied access
Top Story Cronica: Wins, Convinces, Makes History - Mexico's most important World Cup victory ever, 2-0 win over famed French
BANXICO: Central bank keeps benchmark interest rate at 4.5% in monthly policy board meet; says inflation on track to move lower
17 June 2010
Top Story Universal: Supreme Court Exonerates Bours, Karam, Molinar - Government officials cleared of criminal charges in ABC daycare fire
Top Story Jornada: Sedena Lies In Almanza Case: CNDH: Human rights agency CNDH says army opened fire at random, then faked gang shootout
Top Story Reforma: Defense Min Lies: CNDH - Officials altered crime scene after army shot family car, killing Martin and Brayan Almanza
Top Biz Story Reforma: Inter-Bank Controls Weak - New dollar rules insufficient to control daily "anthill" movements of money
Top Story Milenio: Army Killed Kids: CNDH - Natl Human Rts Commission says army responsible for attack on family car in Tamaulipas in Apr
Top Story Cronica: Military Killed Almanza Kids: CNDH - Human rights agency concludes soldiers at hwy checkpoint opened fire on family car
16 June 2010
Top Story Universal: Nayarit Cancels Classes - Governor orders summer 3wks early after requesting federal troops to quell narco violence
Top Story Jornada: Supreme Court: Legal To Concession Daycare - Justices rule subcontracting of IMSS obligations not unconstitutional
Top Story Reforma: Crime Closes Schools - Nayarit ends school year 15 days early amid wave of drug violence; governor asks for fed forces
Top Biz Story Reforma: More Oversight Sought - Tightening small-scale window buys of USD insufficient to combat laundering, experts say
Top Story Economista: US$10bn Raises Eyebrows - New rules to restrict dollar sales due as transactions exceed US$10bn/yr for several years
Top Story Financiero: Dollar Restrictions Extended - FinMin tightens control on dollar transactions at banks to combat money laundering
Top Story Milenio: Court Refuses ABC Indictments - Supreme Court votes to limit role to inquiry of daycare fire tragedy rights violations
Top Story Cronica: Dollar Sales Limited At Banks - In recent years, banking system had US$10bln+ in dollars from unknown sources, govt says
INEGI: Wholesale Sales Index +11.35% in Mar v. Feb on seasonally adjusted, annualized basis; annual trend rate down to +1.48% from 2.23%
INEGI: Retail Sales Index +7.24% in Mar v. Feb on seasonally adjusted, annualized basis; annual trend rate down to +1.95% from 4.42%
15 June 2010
14 June 2010
TOP 10: Expansion 500, 2010: Pemex, América Móvil, Walmart de México, CFE, Carso Global Telecom, Cemex, FEMSA, BBVA Bancomer and Telmex
12 June 2010
WORLD CUP: Mexico ties S.Africa 1-1 in opening match; Reforma Poll: 76% think tie jeopardizes advance; 27% say Mexico played average or poor
Top Story Universal: Country Suffers Most Violent Day Of Calderon Admin - 85 lose lives to organized crime; previous 1d record = 58 in 2008
Top Story Jornada: Yesterday, The Most Violent Day - 77 people slain in bloodiest day of Calderon term; at least 9 states see carnage
Top Story Reforma: Narco Slays Contrite - In past 9mos, 61 individuals in rehabs in Juarez and Chihuahua have been executed by drug gangs
Top Story Milenio: Double Slaughter In Most-Violent Day - 74 executions in 9 states, 39 in mass murders in Ciudad Juarez and Ciudad Madero
Top Story Cronica: 19 Executions In Juarez, 20 In Madero - In past 24hrs, 47 murders in 5 states; 19 rounded up, shot in rehab center
11 June 2010
INEGI: Gross Fixed Investment: GFI Index +3.7% in Mar on seasonally adjusted, annualized basis; trend rate +0.6% in Mar from +2.8% in Feb
INEGI: Gross Fixed Investment: Machinery & Equipment Sub-Index +16.0% in Mar on seas adj., annual basis; trend rate +8.8% from +14.7% in Feb
INEGI: Gross Fixed Investment: Construction Sub-Index +12.5% in Mar on seasonally adj., annualized basis; trend rate +6.8% from 5.9% in Feb
INEGI: Industrial Production Index -3.44% in Apr from Mar on seasonally adjusted annualized basis; annual trend falls to +0.30% from +4.43%
INEGI: IP Manufacturing Sub-Index -9.4% in Apr from Mar on seasonally adjusted annualized basis; annual trend falls to +1.2% from +4.6%
INEGI: IP Power, Gas, Water Sub-Index +8.4% in Apr from Mar on seasonally adjusted annualized basis; annual trend climbs to +4.8% from +4.1%
INEGI: IP Mining Sub-Index -4.7% in Apr from Mar on seasonally adjusted annualized basis; annual trend falls to +1.1% from +3.0%
INEGI: IP Construction Sub-Index -4.0% in Apr from Mar on seasonally adjusted annualized basis; annual trend falls to +2.9% from +3.2%
INEGI: Industrial Production: IP Index -3.4% in Apr from Mar on seasonally adjusted annualized basis; annual trend falls to +0.3% from +4.4%
Top Story Universal: Today Most-Watched Event In History Kicks Off - Estimated half the world's population will tune in to the World Cup
Top Story Jornada: Lawmakers Demand Extradition Of US Border Patrol Agent - Call for murder charges against agent that shot and killed minor
Top Story Reforma: City Hall Disguises Car Gift - Payroll trick in Naucalpan will let 22 mayoral officials receive new cars
Top Biz Story Reforma: E-Receipts May Be Overwhelmed - As of 2011 Tax Administration Service must validate millions of receipts on website
Top Story Economista: FinMin Unveils Bankruptcy Reform - Bill to be sent to Congress in fall would reduce costs, time of bankruptcies
Top Story Financiero: US, China Brink Of Trade War - Dispute over currency could have disastrous consequences for global economy
Top Story Milenio: Stones Are Lethal Weapons: The Border - US Border Patrol defends shooting of Mexican as justifiable amid pelting threat
Top Story Cronica: Attorney General Says Seizure Was Skin Lotions - Federal prosecutors say haul of chemicals by military was not C-4 bombs
09 June 2010
EMPLOYMENT: Manpower survey shows net hiring tendency of +16% for Q310 v. +10% in Q210; highest level since Q408
BANXICO: Consumer prices -0.63% in May on energy subsidies; annual rate 3.92% v. 4.27% in Apr; core index +0.24% to 4.10% in May v. 4.11%
Top Story Universal: Supreme Court Asked To Probe Arson - New forensic report by American Dave Smith must reopen daycare fire case: parties
Top Story Jornada: 40bln In Embezzlement: World Bank - Corrupt officials worldwide siphon off $40bln to tax havens every year, group says
Top Story Reforma: Narco Impacts Burgos - Operations at huge natural gas field partially suspended after kidnappings, extortion, attacks
Top Biz Story Reforma: Deposits Capped At 4k Dollars - Dollar-based bank deposits will be limited to 4k per month to fight money laundering
Top Story Economista: Miner Union Didn't Learn: Lozano - Labor Minister says mine conflict over, says weakened union failed to learn lesson
Top Story Financiero: Systemic Risk In EU From Deficits - High public deficits, in PIGS countries, Russia, Hungary, could hurt recovery
Top Story Milenio: Ebrard Backs Napo On Cananea - Mexico City mayor condemns govt takeover of struck mine, supports exiled union head Napo
Top Story Cronica: Tepito Dad Confesses Murder - Javier Covarrubias, whose kidnapping claims sparked Tepito riots, admits he murdered them
End Of The Tunnel?
Fellow Abuse Watchers:
***THE MOST IMPORTANT DATE IN THREE YEARS OF PROCEEDINGS IS SET FOR JULY 2. ***
When it comes to legal proceedings with Intel Corporation, legal dates shift around so much that life-planning starts to feel like whacking moles. Except you never seem to whack anything, no matter how many quarters you empty into the slot.
Having said that, some new dates were finally set last week: (Spoiler alert, July 2 is the doozy.)
This Friday, June 11, Intel Corporation will file its opposition brief. It will oppose our Motion to Dismiss, possibly leading with its newest implausibly ludicrous claim that our use of the English word "intel" is hurting its newsletter publishing business.
We have one week to respond with a reply brief. On Friday, June 18, our legal team will reaffirm our motion to dismiss and refute any new points drummed up in the opposition brief -- undoubtedly bursting at the seams with every conceivable tangent that opposing counsel may dredge up during their billable hours orgies.
MOST IMPORTANTLY: The Motion to Dismiss Hearing, currently scheduled for Friday, June 25, was moved to to Friday, July 2.
This is the hearing in which a Federal Judge will once and for all reject Intel Corporation's pernicious, abusive legal campaign to break the back our small company in a gross display of corporate greed.
Unless, of course, the Federal Judge lets some part of Intel Corporation's legal complaint survive.
***At this point, it looks highly likely that Intel Corporation will suffer a long-overdue, humiliating defeat.***
And sure, we've endured the company's ruthless, disingenuous, and irresponsible attacks since July 2007, so their defeat will bring us some personal, emotional satisfaction. BUT THAT'S NOT THE POINT.
Because at the end of the day, this is a battle in the interest of reason and public good, not a quixotic matter for individual celebration. Quite the opposite.
The overriding goal here is (1) to establish some limits on the ability of private companies to hijack federal trademark law as they maneuver to strip the public domain of our words, symbols, images, and otherwise unravel the threads of our common fabric; and (2) to serve notice on corporate abusers that it may not usurp the legal system at will in order to undermine the spirit of the law and further narrow, private agendas, especially at the expense of other people's livelihoods.
Both of these issues represent very real risks, and must be taken seriously, confronted with eternal, patient vigilance. At their dark heart, these issues are literally evil.
It's hard as hell to stand up to these egregious abuses. It is, in fact, terribly difficult to fathom the sacrifices one must endure until one has lived it. What a sickening, crushing injustice it would be if Intel Corporation were allowed to continue soiling our waters with their filth and for their profit.
So on July 2, everyone please give a little silent cheer at the sidelines for Ron Coleman and Colby Springer, the lawyers that have selflessly taken on one of the world's largest private legal forces history has ever known. That day, they will be arguing our case that Intel Corporation's legal complaint should be dismissed once and for all. Ron and Colby are doing this pro bono, and at the end of the day, and hopefully at the end of that day, when victory is ultimately achieved, they will remain the real heroes of this story. Let our thoughts give them wings.
08 June 2010
07 June 2010
Top Story Universal: Opposition Parties Charge Electoral Foul - PRI, PRD will formally sue Los Pinos for misuse of federal social programs
Top Story Jornada: Narco-Grave Bodies Up To 77 - Searchers recover 22 more corpses in abandoned Taxco mine, used by cartel as cadaver dump
Top Story Reforma: Governors Hide Salaries - Aguascalientes Gov. Armando Reynoso has 56.7k MXN/mo pay, but an additional 71.2k in "risk pay"
Top Biz Story Reforma: Credit Scarce For Construction - Building industry only major sector still unable to rebound; credit remains scarce
Top Story Financiero: More Recovery Risks - Economic threats to markets have not only not eased, they've sharpened as new problems crop up
Top Story Milenio: US Hid Migrant Deaths - At least 21 Mexicans have died in immigrant detention centers in US, incidents were suppressed
Top Story Cronica: Tepito Riots For False Kidnappings - Tepito rioted on child snatchings, but father Javier Covarrubias admitted staging it
03 June 2010
INEGI: Consumer Confidence Index: Headline indicator to 62.6 in May on seasonally adj. basis from 57.6 in Apr (2003=100); now highest in 1yr
Top Story Universal: Cell Phone Info For Sale On Web - New Natl Cell Phone Registry data already for sale; 50mln+ users' private info leaked
Top Story Jornada: $29bln Flows To Narco From US Every Year - Drug proceeds fund criminal mafias that deal drugs, kidnap, and extort in Mex
Top Story Reforma: UN Fails SEP - UN gives Mexican education a failing grade; special UN ambassador blames government policy and spending
Top Biz Story Reforma: Bureaucrat Pay Weighs - Crat-spend equals 13.5% of GDP, 14x what S.Africa will spend on World Cup: Mex Inst Competit.
Top Story Economista: BCS, Oaxaca Most Opaque States - 2 states have least transparent state finances: Mexican Competitiveness Institute
Top Story Financiero: Fiscal Balance Slows GDP - Congressional econ think tank says conservative fiscal policy is restraining GDP's recovery
Top Story Milenio: Narco Launders 50% Of Drug Cash From US - Cartel profits total $29bln/yr, about half laundered in Mexico financial system
Top Story Cronica: Up To US$29bln Cash Smuggled From US Each Yr To Cartels - Bilateral govt study estimates huge drug proceeds triple FDI
02 June 2010
INEGI: Manufacturing Order Index rebounds in May to 54.49 seasonally adjusted (>50=growth) v. 54.15 in Apr; trend at two-year high 54.89
Top Story Universal: Greg Loses Political Rights - PRD Quintana Roo gubernatorial candidate Gregorio Sanchez stripped of political rights
Top Story Jornada: Poverty, Not Crime, Greatest Burden: Rectors - University leaders from across Iberoamerica say crime a symptom, not cause
Top Story Reforma: Tepito Agitated - Protesters continue uprising in infamous Mexico City barrio, demanding greater public security; 1 death
Top Biz Story Reforma: Anti-Crisis Plans Opaque - 2009 emergency federal stimulus packages lacked public accounting, watchdog groups charge
Top Story Financiero: Finances Choked In Mortgage Lending - Unemployment, tight lending is hurting specialized SOFOL mortgage lenders
Top Story Milenio: PRD Clings To Greg, Despite Sentencing - Party won't substitute Gregorio Sanchez with alternate gubernatorial candidate
Top Story Cronica: Prison For Greg; Remains PRD Candidate - Federal judge imprisoned Gregorio Sanchez, but PRD says still QR gov. candidate
01 June 2010
BANXICO: Q110 financing to non-financial private sector reached MXN3.8tln, a variation of -6.0% y/y in real terms
ENERGY: Louisiana's Global Industries awarded a $125mln project from Pemex for pipeline work in Ku-Maloob-Zaap Field in the Bay of Campeche
Top Story Universal: 5mln Smokers Will Die - Nearly half of country's smokers will die of tobacco-related ailments: Public Health Institute
Top Story Jornada: Universities Need More Spending: Narro - UNAM Rector Jose Narro urges greater investment in higher education
Top Story Reforma: Extortion Investigators Kidnapped - 2 top Monterrey transportation officials abducted from homes; both probed extortion
Top Biz Story Reforma: Volatility Hits BMV Cap - Market cap of Bolsa's 101 companies lost MXN22.8bln Apr 15-May 31 amid global finance woes
Top Story Economista: Cheap Crude Threat To Pemex Plan - 5yr plan would scale back deepwater, Chicontepec exploration if crude prices fall
Top Story Financiero: SOFOLs Heading For Extinction - Specialized mortgage lenders learned from crisis that stable financing requires a bank