Word: pez
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...INAUGURATED. Felipe Calderón, 44, as President of Mexico; after winning a July election by a margin of 0.56% over leftist Andrés Manuel López Obrador, who has refused to concede; in Mexico City. An hour before the conservative Calderón took his oath in the congressional chamber, legislators allied with López Obrador--who has set up a parallel government--brawled with Calderón partisans and barricaded doors in an attempt to delay the ceremony. In his inaugural address, Calderón called for unity, saying, "To those who voted for others, I will not ignore your causes...
Four months after losing the presidential vote to Felipe Calderón, former Mexico City Mayor Andrés Manuel López Obrador--alleging election fraud and dirty campaigning--launched a parallel government last week, even swearing himself in as Mexico's "legitimate" President. He plans to draft a constitution and prevent Calderón's Dec. 1 inauguration by staging street protests...
...lately has been producing about half that. A balance of at least 400,000 is heading across the border, and there is no end in sight. The bitterly contested July elections--narrowly won (by a margin of 0.6%) by Felipe Calderón against the populist Andrés Manuel López Obrador--were largely fought over economic policies, as are, at least in part, the recent battles in Oaxaca. The campaign exposed a yawning chasm between those benefiting from the status quo and those falling further behind: almost 48% of Mexicans continue to live in poverty. The election was also...
...referring to the broad reform agenda--fiscal, labor, energy and competition--that outgoing President Vicente Fox unveiled but then failed to deliver on. Although more politically adroit, Calderón inherits a far more acrimonious political environment, in which López Obrador still insists he is the legitimate President. This surely will complicate Calderón's dealings with the public-sector unions and with sensitive symbols like the national oil company, Pemex, which desperately needs foreign investment, now outlawed. "Mexico needs to think outside the sovereignty box," says Raul Rodriguez, former CEO of the North American Development Bank, but Mexico...
...being successful in business in Mexico is to have little competition. I guess everyone in the world wants this, but the problem is that the state cannot foster that if you want to be a successful country," says Adolfo Hellmund, a former economic adviser to López Obrador who used to work at ALFA, another Monterrey firm. "They are our Rockefellers and Carnegies. We are now the country of the robber barons...