Less than 1 percent of crimes in Mexico are punished

Weaknesses in security institutions mean many people consider reporting crimes to be a waste of time.
Weaknesses in security institutions mean many people consider reporting crimes to be a waste of time.

By James Bargent / InSight Crime

Less than one percent of crimes are punished in Mexico, according to a new study that highlights the grave structural and institutional weaknesses that have allowed organized crime to flourish in the country.

According to the new Mexico Global Impunity Index published by the Center for Impunity and Justice Studies at Universidad de Las Américas, only 4.46 percent of crimes recorded in Mexico result in convictions.

However, the report adds, only around seven percent of crimes are actually reported, which when taken into account means that over 99 percent of crimes committed in Mexico go unpunished. The study found the most common reasons for not reporting crimes were the amount of time it takes and a lack of faith in the authorities.

The report also ranked other countries around the globe by assigning impunity scores based on various factors, from crime reporting rates to the capacities of security and justice institutions. Among the countries included in the report, Mexico ranked as the second worst for impunity after the Philippines and the worst in the Americas, with only Colombia coming close to Mexico’s score.

The CESIJ blamed a combination of political failures and meddling, weak, underfunded and corrupt institutions as well as the presence of organized crime for Mexico’s impunity woes.

http://www.insightcrime.org/news-briefs/mexico-impunity-levels-reach-99-study

Mexico’s $2.7 Billion Homebuilder Nightmare Fades as IPOs Surge

Mexico has posted 17 straight months of increases in residential construction investment.
Mexico has posted 17 straight months of increases in residential construction investment.

By Benjamin Bain and Andrea Navarro / Bloomberg

Mexico’s homebuilding business is staging a comeback less than three years after the industry’s biggest companies saddled investors with losses from collapsing share prices and $2.7 billion in bond defaults.

Builders are dominating the new issuance market, with Corpovael and Servicios Corporativos Javer selling shares since early December and a third company seeking to raise money later this year.

They’re among the competitors that rushed to fill the gap left by the largest three builders, which were forced to downsize following their failures in 2013.

Pent-up demand for new homes hasn’t gone away since housing policy changes by President Enrique Pena Nieto helped lead to the collapse of Urbi Desarrollos Urbanos, Desarrolladora Homex and Corp. Geo.

While Homex and Geo resumed trading last quarter following restructurings and Urbi moves to conclude a deal, it’s the smaller companies that are driving a resurgence in an industry that until recently was given up for dead by foreign investors.

“It’s a good sign that it would seem the sector is coming back to life,” said Jorge Unda, who oversees about $35 billion as chief Latin America investment officer at for BBVA in Mexico City. “The companies that were able to stay in have been more cautious.”

http://www.bloomberg.com/news/articles/2016-02-04/mexico-s-2-7-billion-homebuilder-nightmare-fades-as-ipos-surge

37 Zika virus cases confirmed in seven states

Africa News – Mexican authorities have confirmed 37 cases of Zika virus infection in seven of the country’s 32 states. 34 people were infected locally while three others were infected abroad. 24 of the confirmed cases were in the southern state of Chiapas with the rest in Oaxaca, Nuevo Leon, Tamaulipas, Jalisco, Sinaloa and Queretaro.

http://www.africanews.com/2016/02/04/mexico-37-zika-cases-confirmed-in-seven-states/

Popular town clown murdered in Culican

CEN_MurderedClown_01.jpgMetro – Edgar Misael Garza Murillo, known for standing outside a cathedral saying ‘Si no me das un peso, te doy un beso’ (‘If you don’t give me money, I’ll give you a kiss,’) was in the centre of Culiacán, when a car came up beside him and pulled him inside. He was later shot multiple times in the middle of the street.

http://metro.co.uk/2016/02/03/town-clown-brutally-assassinated-in-mexico-5660497/