Child labor is widespread in Mexico

Child labor 2Al Jazeera – “Education for everyone” has been a popular slogan since the Mexican revolution over 100 years ago. But according to the Organisation for Economic Co-operation and Development, eight out of 100 Mexican children who enroll in elementary school, do not show up for classes.

A study released by UNESCO last year says the children who don’t attend school are mostly working. The report reveals that at least 21 percent of all Mexican youth between the ages of seven and 14 drop out of school – that’s around 651,000 children.

http://www.aljazeera.com/programmes/talktojazeera/inthefield/2016/08/child-labour-mexico-160820085130210.html

Mexico-U.S. air deal could boost competition

Reuters – An air transport deal between Mexico and the United States that aims to boost competition in the passenger and freight sectors came into force on Sunday. The deal would open new passenger routes for airlines to fly between the countries and allow for an unlimited number of flights. It also opens up the air freight market to more competition.

http://www.reuters.com/article/us-mexico-airlines-idUSKCN10W0OE

What anti-corruption law means for business

WSJ – A series of anti-corruption measures approved by Mexico will require companies to show what policies and procedures they had in place at the time alleged wrongdoing occurred, and those controls could be considered when penalties are being weighed against businesses that break the rules, said an attorney. The revised laws will bring Mexico into line with anti-corruption laws in other countries, said Luis Enrique Graham, a partner in the Mexico City office of law firm Hogan Lovells.

http://blogs.wsj.com/riskandcompliance/2016/08/22/the-morning-risk-report-what-mexicos-new-anti-corruption-laws-mean-for-businesses/

Report says Pena Nieto plagiarized part of thesis

TeleSur – Mexican President Enrique Peña Nieto plagiarized nearly a third of his 1991 undergraduate law thesis, according to a report published Sunday by one of Mexico’s leading investigative journalists, Carmen Aristegui.

Published on the website Aristegui Noticias, the report titled, “From Plagiarist to President,” details how 197 of the 682 paragraphs in the dissertation were found to be plagiarized—an overall 28.9 percent of the 200-page thesis.

http://www.telesurtv.net/english/news/Mexicos-Pena-Nieto-Plagiarized-a-Third-of-Law-Thesis-Report-20160822-0002.html

Mexico’s lone gun store discourages sales

AP – Mexico’s constitution guarantees citizens’ right to own a handgun and hunting rifles for self-defense and sport. Legally getting your hands on one, however, requires clearing a series of bureaucratic hurdles far stricter than in the United States and, for many, travelling great distances to reach the country’s lone gun store.

https://www.washingtonpost.com/world/the_americas/at-mexicos-lone-gun-store-even-the-boss-discourages-sales/2016/08/17/471d1046-6430-11e6-b4d8-33e931b5a26d_story.html

Mexico’s president and his wife face new scrutiny over Miami apartment

The first lady purchased her apartment in the wealthy island enclave of Key Biscayne in 2005.
The first lady purchased her apartment in the wealthy island enclave of Key Biscayne in 2005.

By Jose de Cordoba and Santiago Perez / Wall Street Journal

Mexican President Enrique Peña Nieto, whose past two years in office have been shadowed by a conflict-of-interest scandal linked to a Mexico City mansion, is facing new scrutiny linked to the first family’s use of a luxury apartment in Miami.

Ricardo Pierdant, a Miami-based businessman, in 2013 paid close to $30,000 in property taxes on behalf of first lady Angélica Rivera for an apartment she owns in Miami, according to tax records seen by The Wall Street Journal. Pierdant is a close friend of Mexico´s first family, according to Peña Nieto´s office.

Pierdant subsequently purchased another apartment directly above Rivera’s, according to Miami property records.

Eduardo Sánchez, the president’s spokesman, acknowledged that Rivera had used Pierdant’s apartment, but said it was only on rare occasions. He said there was no conflict of interest because the businessman has no contracts with the federal government and isn’t participating in any current bids. He declined to discuss why Pierdant paid property taxes on Rivera’s property.

Links between Mexican businessmen and properties owned by the first couple have been an issue in Mexico since 2014, when it emerged that the first lady had bought a $4 million mansion from a prominent government contractor, leading to allegations by the president’s political opponents and civil society groups of a conflict of interest. She sold the house back to the contractor.

http://www.wsj.com/articles/mexico-president-faces-new-scrutiny-1470965694

There is a naturally pink lagoon in Mexico

India Times – Adorning the eastern coast of Mexico’s Yucatán Peninsula, this lagoon can put the rarest of rare phenomena to shame. Las Coloradas, a tiny fishing village in Mexico, invites thousands of Instagrammers, nature enthusiasts, travellers, and photography fanatics every year. One often gets caught in the mesmerising beauty of the pink waters blending into the crystal-like white salt.

http://www.indiatimes.com/culture/travel/there-is-a-naturally-pink-lagoon-in-mexico-and-it-is-the-most-beautiful-thing-you-ll-see-today-259880.html

2nd suspect held in slaying of Veracruz reporter

AP – Mexican authorities say they have detained a second suspect in the killing of a journalist who was dragged from her home earlier this year. The suspect faces prosecution for crimes including the killing of Anabel Flores Salazar, who was a crime reporter for a newspaper in Orizaba. She was kidnapped by gunmen Feb. 8 and found dead in neighboring Puebla state the next day.

http://abcnews.go.com/International/wireStory/mexico-2nd-suspect-detained-slaying-veracruz-reporter-41317116

El Tri’s summer of hope transforms into nightmare

ESPNfc – Rewind to before the Copa America Centenario. Mexico was on a winning streak under new coach Juan Carlos Osorio and confidence was high. Now fast-forward to the 7-0 quarterfinal embarrassment against Chile, which arrived like an ice-cold bucket of water, and the ensuing realization: El Tri must improve significantly if it is to be a realistic and regular World Cup challenger, which needs to be the overall and guiding aim for Mexico.

http://www.espnfc.com/team/mexico/203/blog/post/2927435/mexico-national-teams-summer-of-hope-transforms-into-a-nightmare

Mexico’s Richest Man Confronts a New Foe: The State That Helped Make Him Rich

Slim said the new law established a certainty that all businessmen appreciate. But he bristled at the notion that his company required special regulation, or that it had stalled or impeded regulation in the past.
Slim said the new law established a certainty that all businessmen appreciate. But he bristled at the notion that his company required special regulation, or that it had stalled or impeded regulation in the past.

By Azam Ahmed, Randal C. Archibald and Elizabeth Malkin / New York Times

All is not well in the kingdom of Carlos Slim.

For more than 25 years, he has dictated the terms of Mexico’s telecommunications industry and built an empire, making him one of the world’s richest men.

Slim and his family are billionaires 50 times over. He has stood at the very top of the Forbes World’s Billionaires list — more than once. His flush years in Mexico enabled him to span the Americas with companies that touch nearly every facet of modern life: telecom, banking, construction, retail and media, among others.

But at home in Mexico, the game is changing. And there is not much he can do about it, analysts say.

Determined to bring his dominance to an end, leaders from Mexico’s three biggest political parties have put aside their own animosities in recent years, meeting in secret sessions to chip away at Slim’s domain.

Now, the plan they concocted to increase competition in the telecommunications industry, signed into law two years ago, is starting to bite.

Profits for Slim’s flagship company, América Móvil, are in steep decline, falling 24 percent in 2015 and almost 44 percent in the first six months of this year, compared with the year-earlier periods. A closely watched metric of profitability on Wall Street has also fallen, and the company’s stock has dropped by 39 percent in the past year.

http://www.nytimes.com/2016/08/10/world/americas/mexicos-carlos-slim-helu.html

Ex-governor to face trial tied to Kia tax incentives

Automotive News – A former governor of Mexico’s northern Nuevo Leon state will be tried for alleged improprieties linked to tax incentives his administration gave to South Korean carmaker Kia Motors to build a plant. In June, an anti-corruption prosecutor accused former governor Rodrigo Medina and 30 others including former officials, family and friends, of corruption that drained some 3.6 billion pesos ($195.87 million) from state coffers.

http://www.autonews.com/article/20160810/OEM01/160819995/former-mexico-governor-to-face-trial-tied-to-kia-tax-sweeteners

Ex-hurricane Earl dissipates over Mexico

Al Jazeera – Mudslides triggered by intense rainfall in eastern Mexico killed 40 people at the weekend. Saturated hillsides collapsed on to houses in the states of Veracruz and Puebla. The head of national emergency services reported that the vast majority of deaths were in Puebla State, while the remainder died in neighboring Veracruz.

http://www.aljazeera.com/news/2016/08/hurricane-earl-disintegrates-mexico-160808101327857.html