Is the Godfather of Mexico’s Drug Trade Back in Business?

07/25/16 InSight Crime 

5582822219_182abf7ec5_oThe founder of Mexico‘s notorious and now defunct Guadalajara Cartel, Rafael Caro Quintero, has been linked to two recent events that have raised alarm among authorities three years after a controversial court ruling freed the veteran drug lord and current fugitive from prison.

Caro Quintero, now in his mid-60s, has been dubbed the “narco of narcos” and the godfather of Mexico drug trafficking. After establishing himself as one of the country’s most powerful drug lords in the 1980s, he was imprisoned in 1989 for drug trafficking, murder, and perhaps most importantly, for the abduction, torture and killing of Enrique “Kiki” Camarena, an agent for the US Drug Enforcement Administration (DEA).

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Bill Gross Bets Big on Mexico Months After Slashing Bond Holding

07/25/2016 Bloomberg 

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Photo Credit: Bloomberg

Billionaire bond fund manager Bill Gross is rekindling his love of Mexico.

 

The nation’s inflation-linked notes maturing in 2025 were among the top five holdings in Gross’s $1.5 billion Janus Global Unconstrained Bond Fund as of June 30, according to the fund’s website. Just three months earlier, he’d unloaded all of his Mexican government debt, marking what appeared to be a significant shift in his investment strategy after he’d spent years touting the country’s financial assets.

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In Mexico, Narco Films vs. Narco Reality

07/23/2016 The New York Times

filmMexico City — It was a television executive’s nightmare: Not only was someone threatening to sue over a TV series, but that person was reputedly the biggest drug trafficker on the planet and the head of a cartel behind a long string of mass executions and torture videos.

The first sign of trouble came in May, after Netflix and Univision released a trailer for their series “El Chapo,” based on the imprisoned Mexican kingpin Joaquín Guzmán. The trafficker’s lawyer announced through various media outlets that he would go to court if his client’s name and story were used without payment. “The señor” — Mr. Guzmán — “has not died. He is not a character in the public domain. He is alive. He has to grant them permission,” the lawyer, Andrés Granados, told a Mexican radio station.

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U.S., Mexico air transport accord enters in force, seen boosting travel

07/25/2016 Reuters

airplane.jpgThe United States and Mexico agreed to put into force a new air transportation agreement that is expected to boost travel and clear the way for any city to have direct airline service to the neighboring nation, the U.S. Transportation Department said on Monday.

It said the two countries exchanged diplomatic notes Friday to bring the agreement into effect after four years of talks. The final approval was announced by the White House during Mexican President Enrique Peña Nieto’s visit the same day to U.S. President Barack Obama.

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Mexico mayors demand more security after weekend murders

07/25/2016 BBC News

san juan chamulaMayors in Mexico have demanded they be given extra protection after two of their number were killed in separate incidents on Saturday.

The National Association of Mayors asked the federal government to offer added security to mayors “at risk”.

On Saturday, the mayor of the town of Pungabarato in southern Guerrero state was shot dead only hours after a mayor in southern Chiapas had been killed.

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Raul Grijalva: Trump’s border wall would harm Americans

07/24/2016 Arizona Daily Star

428px-Raul_Grijalva_113th_CongressDonald Trump is running for president primarily on fearmongering and divisive rhetoric, but at least one policy proposal will have a tangible impact on our lives in Southern Arizona: his proposed wall across our border with Mexico. The price tag is irrelevant of course since Trump assures us that Mexico will pay for the wall, simply because he says so.

The truth is Trump’s wall will cost us — and dearly at that. The tens of billions of additional dollars it will take to erect Trump’s wall doesn’t factor in the costs for monitoring the structure, or the approximately $750 million it will take to maintain the barrier every year. These expenses are hardly irrelevant for our national budget, but they pale in comparison to the toll this wall would take on our border communities, on the local commerce built upon cross-border trade, and on the delicate ecosystems that make these regions the distinct and beautiful environments that nearly 200 million people call home in both the U.S. and Mexico.

 

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FACT SHEET: United States-Mexico Relations

07/22/2016 White House

mexico-usa-flag-montageThe President hosted President Enrique Pena Nieto of Mexico on July 22.  Mexico is one of the United States’ closest and most valued partners.  Our countries are economically entwined.  Mexico is our third largest trading partner, and on any given day more than $1.5 billion in bilateral trade crosses our border.  We are working together to enhance our shared security by combatting drug trafficking and transnational criminal organizations.  The United States and Mexico partner regionally and globally, including to address Zika and other vector-borne diseases, provide support for refugees and protect the environment and promote clean energy.  Today, the Presidents reaffirmed the close economic ties, took steps to ensure easier, safer facilitation of people and goods across our border, and enhanced our environmental, health, and security cooperation.  They proved, in short, that we are stronger together.

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