All posts by Diane

Police overhaul might not curtail violence, corruption

Al Jazeera – Mexican President Enrique Peña Nieto has a launched a proposal to overhaul the police force in Mexico. The plan, however, point blank ignores state and federal collusion, despite their obvious contribution to a growing sense of lawlessness in Mexico, and the overall proposal strikes many as a hodgepodge of old ideas.

http://america.aljazeera.com/articles/2014/12/14/mexico-s-police-overhaulmaynotcurtailviolencecorruption.html

The worst case price scenarios for Mexico


Oil barrelsFinancial Times – You don’t have to look far to see the impact on Mexico of falling oil prices (now close to a five-year low): just take a look at the trade balance of state giant Pemex . It slumped by half in one month, to $656 million  in October from $1.3 billion in September, and that was before the combination of Mexico’s lower production and lower world prices really began to bite.

So now would be a good time to take a cold look at how much damage falling prices could really do to Mexico as it prepares to open up its oil sector to private investment, what Mexico could do about it, what wider impact that could have, and what the US and the International Monetary Fund could do to help.

http://blogs.ft.com/beyond-brics/2014/12/11/mexico-the-us-and-the-imf-worst-case-oil-price-scenarios/

Mexican federal officials receive “millionaire” year-end Christmas bonuses

Most officials will receive bigger end of year bonus payments and rewards next year.
Most officials will receive bigger end of year bonus payments and rewards next year.

Telesur

Christmas is one of the most popular festivities among the Mexican population, not only because the family gathers to spend quality time together but, because by law, every employee gets paid an end-of-year bonus.

This bonus has to be paid before Dec. 20, and cannot be less than the amount earned by the employee in 15 days of work.

However, the happier Mexicans are the ones who work in top positions for the national government, such as the president, legislators and the members of the Supreme Court of Justice.

All of them will receive large bonuses, and, in some cases, their bonus will be 500 percent higher than what any minimum wage worker earns, according to a www.sinmebargo.mx investigation. The minimum wage in Mexico is now $4 per day.

As an example, Peña Nieto will receive a $5,219 Christmas bonus, while the senators will be able to spend a $16,083 Christmas bonus, $3,000 less than congresspeople.

On top of his bonus, Peña Nieto will also receive an extra “reward” of $22,000.

http://www.telesurtv.net/english/news/Mexican-Federal-Officials-Receive-Millionaire-Bonuses-20141218-0040.html