Author: Staff

Mexico must address violence and profitability | Baker Institute Blog | a Chron.com blog

As a presidential candidate, Enrique Peña Nieto (PRI) claimed he would bring a new strategy to the country’s struggle with organized crime — one that de-emphasized the targeting of drug kingpins and focused on reducing homicides, extortion cases and kidnappings.One year into the presidency, Peña Nieto’s administration claims that the homicide rate has dropped by 18 percent; on the other hand, government stats point to a 35 percent increase in kidnappings. After the arrest of two major Zeta and Gulf Cartel leaders earlier this year, Peña Nieto’s strategy shift appears to be more rhetorical than real. Many scholars, analysts...

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Bernanke touts strides in Mexico’s monetary policy | Reuters

Federal Reserve Chairman Ben Bernanke on Monday praised Mexico’s central bank for reining in inflation and keeping financial crises at bay.In a speech that made no reference to the current outlook for the U.S. economy or monetary policy, Bernanke said transparency and independence had been key to increasing stability in the Mexican economy.“The changes to the monetary policy framework, along with greater fiscal discipline and the adoption of a more flexible exchange rate, soon bore fruit,” Bernanke said in prerecorded video to be aired at a celebration of 20 years of Mexican central bank independence, in Mexico City.via Bernanke touts strides in Mexico’s monetary policy |...

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BBC News – Mexico strongly condemns alleged US electronic spying

Mexico has strongly condemned alleged US spying after a report said that a former president’s emails were hacked by the National Security Agency.Data leaked by fugitive US analyst Edward Snowden showed ex-President Felipe Calderon’s emails were hacked in 2010, Germany’s Der Spiegel reports.Mexico’s foreign ministry said such spying was “unacceptable, illegal” and contrary to good relations.It urged President Obama to complete an investigation into the allegations.In an official statement, the Mexican foreign ministry said it would soon re-iterate the importance of such an investigation through diplomatic means.“In a relationship between neighbours and partners, there is no place for the...

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Mexico calls alleged U.S. spying on Calderon ‘unacceptable’ – Yahoo News Canada

Mexico scolded the United States on Sunday over new allegations of spying after a German magazine reported that the U.S. National Security Agency (NSA) had hacked Felipe Calderon’s public email account while he was president.Weekly Der Spiegel said in May 2010, an NSA division known as “Tailored Access Operations” reported it had gained access to then-president Calderon’s email account, and turned his office into a “lucrative” source of information.It said details of the alleged NSA hacking of Calderon’s account were contained in a document leaked by former NSA contractor Edward Snowden. Snowden’s leaked information has prompted angry recriminations against...

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Shale Shift Begins South of the Border « Breaking Energy – Energy industry news, analysis, and commentary

The global natural gas revolution has arrived in Mexico. As the country’s power sector undertakes a fuel shift toward natural gas, state-owned and domestic companies are beginning to seek ways to partner with technology-empowered foreign firms to boost domestic production.While maintaining and expanding struggling crude oil production at state-owned Petroleos Mexicanos (better known as Pemex) has been a priority for successive Mexican governments, and is part of the logic behind the constitutional changes proposed by the current government of Enrique Pena Nieto, the transformation of the Mexican electric power sector underway may be the more notable change, Steptoe &...

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