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Headlines from Mexico

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  1. Newly appointed José Antonio González Anaya will be CEO of Mexico’s state owned Oil Company Pemex. José Antonio González Anaya has had a long standing career in the state’s finance ministry as well as the head of the social security institute. Pemex , the state’s energy giant, continues to struggle with collapsing oil prices and declining production.
    Read more: Jornada, Milenio, CNN Expansión, CNN Expansión
  2. The upcoming visit of Pope Francis to Mexico marks the sixth Latin American country Pope Francis will have visited since his pontificate began in 2013. Francis will be visiting the Mexico City, Morelia, and Juárez.
    Read more: Jornada, Univision, Milenio, CNN Espansión
  3. The case of the missing 43 Student from Ayotzinapa continues as the Team of Argentine Forensic Anthropology has not found scientific evidence to establish any link between the remains recovered in the Cocula dump and the missing students, revealing holes in the Mexican State’s investigation of the case.
    Read more: El Universal, Milenio,
  4. In less than an hour, 49 prisoners were killed in a deadly riot at the Topo Pico Prison near the state’s capital Monterrey on the night of Wednesday 2/10. Information has been scarce, but sources claim that it was initially a fight between two gang leaders which spiraled into a massive riot. Relatives of prison members know little about what is going on and are unaware of the state of their relatives.Read more: El Universal, Jornada, Milenio, CNN Expansión
  5. The Mexican Peso fell 1.5 percent since Thursday 2/11 which had led to  losses among the world’s most-traded currencies. Market assets were swept up in a global selloff of all but the safest securities. Global equities tumbled toward a bear market as investors lost faith in the central banks’ ability to support the worldwide economy.Read more: Reuters México, Milenio , CNN Expansión

How the Virgin of Guadalupe embodied Mexican identity and inspired millions, including Pope Francis

2/12/16 Los Angeles Times

Fotos Nuevas Julio 2011

Before his journey to Mexico, Pope Francis had a favor to ask.

Before his first trip as pontiff to a place with more Catholics than any other Spanish-speaking country, where he will surely be mobbed by the thousands night and day, the pope requested something likely to be in short supply — a few minutes alone.

His only company will be perhaps the most revered religious artifact in the Western Hemisphere, a piece of fabric bearing the image of the Virgin of Guadalupe.

The request for a few minutes by himself with the image was a stunningly personal one from the pope. But he knows the Virgin well, he said, because she has seen him through difficult times.

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Jose Antonio Meade on Combating Poverty in Mexico

2/11/16 Harvard Political Review

13317170344_3f13f47d5c_oHarvard Political Review: In the last five years, you have been in four different Secretary positions—Energy, Finance, Foreign Affairs, and now Social Development. What is next? What is the biggest challenge for you in 2016?

Jose Antonio Meade: I believe public service is a vocation, a vocation that has a path and a journey. And many times, in politics as well as in life, what matters is the journey. If one is preoccupied with the final destination, one runs the risk of not only losing focus on the journey but of not enjoying or taking advantage of it, even deviating from the said journey. That, for me, as a life lesson has always been important. Today, who I am, is the secretary of social development, a fascinating institution, an institution that allows me to touch lives and to transform the stories of families. I hope that what is next is a remembrance of good management of the secretariat [of social development].

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Mexican Peso Falls to Record, Leads Drop Among Major Currencies

2/11/16 Bloomberg Business

pesosThe Mexican peso fell to a new record low as $800 million in dollar sales by the central bank this week was overshadowed by speculation that global growth will falter.

The peso fell 1.5 percent as of 11:31 a.m. in Mexico City, leading losses among the world’s most-traded currencies, as emerging-market assets were swept up in a global selloff of all but the safest securities. Global equities tumbled toward a bear market as investors lost faith in central banks’ ability to support the worldwide economy.

The peso has dropped 10 percent this year, almost four times as much as the next-worst performer among a basket of 16 major currencies, as investors sell off the most liquid and easily tradeable emerging-market assets. The central bank sold $400 million in auctions Thursday to support the currency, after selling $400 million on Feb. 8, when bank Governor Agustin Carstens said that peso weakness isn’t justified by the country’s economic fundamentals.

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2nd Outside Report Says Mexico Students Not Burned at Dump

2/09/16 The Associated Press

Oaxaca por Ayotzinapa
Protesters in Guerrero

A group of Argentine forensic experts says it has determined there’s no biological or physical evidence to conclude that 43 students who disappeared in southern Mexico in 2014 were incinerated at a trash dump as government investigators initially claimed.

The report released Tuesday by the Argentine Forensic Anthropology Team signaled that the dump in Cocula, Guerrero state, was the site of multiple fires at various times, but while the remains of at least 19 people were found near there, there’s no evidence they belong to the missing students.

The government has said the students were killed by a drug gang, their remains incinerated, and their charred bone fragments gathered up and tossed in bags in a nearby river. Some of those bone fragments have been linked by DNA testing — in one case positively, and in another case, tentatively — to two of the missing students.

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pesos

Mexico Peso Tumbles After Government Signals Spending Cuts Loom

2/09/16 Bloomberg

Mexican pesoMexico’s peso fell to a record low after the government signaled more spending cuts, further damping the outlook for Latin America’s second-biggest economy.

The peso dropped 0.7 percent to 18.8029 per dollar as of 10 a.m. in Mexico City, the most among 16 major currencies tracked by Bloomberg. Its 8.5 percent slide since the end of December marks the worst start to any year since the 1993 redenomination.

Mexico has been caught up in a global currency rout as oil plunges and concerns over the health of the global economy deepen. The plunge in crude, which has already spurred a decline in public spending after revenue from state-owned Petroleos Mexicanos tumbled, also means that Mexico needs to prepare itself for preventative spending cuts for next year, Finance Minister Luis Videgaray said Monday in a radio interview. The oil company, known as Pemex, also needs to reduce spending, Videgaray told Radio Formula.

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Prosecutors Say Gunmen Kidnapped Reporter in Southern Mexico

2/08/16 The Associated Press

Palacio_de_Gobierno_del_Estado_de_Veracruz_04MEXICO CITY — A reporter was dragged from her home by armed assailants before dawn Monday in southern Mexico and had not been seen since, authorities said.

Crime-beat reporter Anabel Flores Salazar was kidnapped in the Gulf coast state of Veracruz at about 2 a.m.

The Veracruz state prosecutor’s office said police were looking for her. The kidnapping took place near the city of Orizaba, where she worked for a local newspaper.

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