Posted on December 12, 2008 by mexicoinstitute
La Jornada, 12/12/2008
The Mexican government has decided to return to financing external debt with international financial organizations at a level not seen since the 1980s crisis years. The World Bank confirmed this Thursday that there will be loans for Mexico next year in the order of $3 billion, while the Inter-American Development Bank (IDB) revealed [...]
Filed under: Economic Integration | Tagged: Debt, Economy, Financing, Inter-American Development Bank, Loan, Mexican economy, Mexico, World Bank | Leave a Comment »
Posted on December 12, 2008 by mexicoinstitute
The Washington Post, 12/12/08
The hit was fast, bold, lethal. Jesús Huerta Yedra, a top federal prosecutor here, was gunned down last week in a busy intersection 100 yards from the U.S. border in a murder of precise choreography. In Mexico’s chaotic drug war, attacks are no longer the work of desperate amateurs with bad aim. [...]
Filed under: Security and the Rule of Law | Tagged: Assasinations, Drug War, Eduardo Medina Mora, Mexico, Organized Crime, Victor Hugo Moneda | Leave a Comment »
Posted on December 12, 2008 by mexicoinstitute
Associated Press, 12/12/2008
“Hellboy” director Guillermo del Toro says he is unlikely to make another film in Mexico because his father’s kidnapping 10 years ago left him fearing for his safety, a newspaper has reported. Del Toro’s father was eventually released, but the family says it later received death threats.
Del Toro, who is best known for [...]
Filed under: Media and Society, Security and the Rule of Law | Tagged: Crime, Guillermo del Toro, Hellboy, Mexico, Movies, Pan's Labyrinth, Security, War on drugs | Leave a Comment »
Posted on December 12, 2008 by mexicoinstitute
Financial Times, 12/12/2008
Cemex, the Mexican cement multinational, saw its shares tumble yesterday as it became the latest victim of the financial crisis when it failed to refinance a significant slice of its debt. Shares of the world’s third biggest cement maker tumbled 23 per cent as a deal to swap short-term debt for longer-term notes [...]
Filed under: Economic Integration | Tagged: Mexico, Mexican economy, Debt, financial crisis, Emerging markets, Cemex, Cementos Mexicanos, Shares | Leave a Comment »
Posted on December 12, 2008 by mexicoinstitute
La Jornada, 12/12/2008
Automaker General Motors announced this Friday that it will be cutting 30% of its vehicle production and will temporarily close the majority of its North American plants, including three in Mexico. The measure is part of the company’s effort to obtain federal funds to help it survive, after the Senate rejected the financial rescue [...]
Filed under: Economic Integration | Tagged: Auto, Auto industry, Bailout, Car, Economy, General Motors, GM, Mexican economy, Mexico, Plant closure | Leave a Comment »
