Leftist AMLO and Billionaire Hit It Off Over Love of Baseball

3/22/2019 – Bloomberg

20-02-2019-FOTO-14-SALON-DE-LA-FAMA-DEL-BEISBOL-MEXICANO-MTY-NL-1024x683.jpgBy Eric Martin

Mexican President Andres Manuel Lopez Obrador often calls business elites a corrupt mafia, but when it comes to promoting his favorite sport, he’s willing to play ball.

AMLO, as the leftist is known, on Saturday plans to adopt the century-old American tradition of throwing out the first pitch for a baseball game, helping inaugurate a 3.9 billion-peso ($207 million) stadium for Mexico City’s Diablos Rojos, or Red Devils. The Diablos, who will play an exhibition against San Diego Padres prospects, are owned by billionaire Alfredo Harp Helu. The former owner of Citigroup Inc.’s Mexico unit also holds a stake in the Padres

Lopez Obrador, who took office in December, has been a passionate fan since his small-town childhood. He fondly recalls playing center field, using a homemade ball and bat and listening to radio broadcasts of American games in Spanish. While he has rarely traveled outside Mexico, he made an exception for the 2016 All-Star Game in San Diego, taking his youngest son and snapping a photo with David Ortiz of the Boston Red Sox.

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Mexico Could Pay Pemex Debt From $15 Billion Stabilization Fund

3/22/2019 – The New York Times

oil-monahans-texas-sunset-70362.jpegACAPULCO, Mexico — Mexico’s deputy finance minister said on Thursday the government was considering using part of a $15.4 billion public income stabilization fund to pay some debt obligations for heavily leveraged state oil company Pemex.

The finance ministry is working on a new design for the fund to make it counter cyclical, deputy minister Arturo Herrera said in an interview with TV network ADN40, during a banking conference in Acapulco.

Grappling with Pemex’s financial health has been a key challenge for President Andres Manuel Lopez Obrador, who took office in December. The entity holds roughly $106 billion in financial debt, the highest amount of any state oil firm in Latin America.

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Mexican president promises not to seek re-election

3/20/2019 – The Washington Post

 (Marco Ugarte/Associated Press)

By Associated Press

MEXICO CITY — Mexican President Andres Manuel Lopez Obrador has signed an open letter promising to not seek re-election after his six-year term ends in 2024.

That move was prompted by opposition fears that a proposal to let voters oust the president midway through his term might actually end up letting him serve longer.

The president’s supporters in Congress advanced legislation last week that would call a referendum halfway through presidential terms — an idea Lopez Obrador had campaigned on.

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Mexico to investigate ‘dirty campaign’ critical of president

3/15/2019 – Reuters

REUTERS | Henry Romero 

MEXICO CITY (Reuters) – Mexico’s government said on Thursday it would investigate funding of critical coverage of President Andres Manuel Lopez Obrador during his 2018 election bid on suspicion it received illicit support from his adversaries.

Santiago Nieto, head of the finance ministry’s financial intelligence unit, said the government would investigate funding of the series “Populismo en America” (Populism in America) that featured an episode dedicated to Lopez Obrador.

Nieto said the documentary was part of a “dirty campaign” aimed at discrediting Lopez Obrador during the election.

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Mexico’s lower house passes measure to cut short presidential term

3/15/2019 -Reuters

REUTERS/Henry Romero

MEXICO CITY (Reuters) – Mexico’s Lower House on Thursday approved a constitutional reform that would allow for referendums to cut short the six-year presidential term, a move opposition lawmakers say opens the door to allowing re-election to the nation’s highest office.

President Andres Manuel Lopez Obrador, who took office on Dec. 1, said during the campaign that he would hold a referendum on his performance at the middle of his term and would cut it short if he loses the consultation.

Lopez Obrador’s MORENA party and its allies hold majorities in both chambers of Congress. The constitutional reform received the required support of two thirds of lawmakers in the Lower House. It now goes to the Senate for discussion and a vote.

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Mexico’s Congress OKs New National Guard Championed by Lopez Obrador

3/15/2019 – The New York Times

09-03-2019-FOTO-06-PRECIOS-DE-GARANTIA-PRODUCTORES-DE-LECHE-JALISCO-1024x682.jpgMEXICO CITY — Mexico’s Congress on Thursday approved President Andres Manuel Lopez Obrador’s plan to create a national guard, a key piece of the government’s strategy to rein in gang violence that has cost tens of thousands of lives over the past decade.

With approval in hand from both the lower house and Senate, the constitutional reform to create the national guard will now head to Lopez Obrador for his ratification and then be published in the official gazette to become law.

The government said initially that in a first phase, the guard would consist of some 50,000 members transferred from military and federal police forces. Mexican Security Minister Alfonso Durazo said recently the ranks of the national guard would grow to some 80,000 by the end of the year.

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AMLO can’t bend the Mexican economy to his will

3/14/2019 – The Hill

AMLO can't bend the Mexican economy to his will
© Getty Images

By Duncan Wood

Andres Manuel Lopez Obrador (AMLO) appears imperious and unassailable as he passes the 100-day mark of his presidency.

His approval rating with the Mexican public is between 78-86 percent, his Morena party controls both chambers of Congress as well as a majority of the state-level legislatures, and he controls the Mexican news cycle through his daily press conferences that take place every morning at the National Palace.

AMLO is experiencing a prolonged honeymoon with the Mexican public and is clearly enjoying every minute of it.

His connection with the people is not just a one-way phenomenon. When AMLO speaks at a rally or when he mingles with voters at an event, he is visibly energized by the experience. AMLO feeds off the energy of his adoring supporters, and he has also adopted a simple yet hugely effective link between his popularity and policy.

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