Mexico Theater

Mexico: does the US own Banamex?

On March 19 Mexico's Finance and Public Credit Secretariat (SHCP) ruled that due to the current economic crisis, exceptions could be made to a law banning foreign governments from owning Mexican banks. The SHCP indicated that the 20-year- old article 13 of the Law of Credit Institutions should be revised. Although the ruling didn't mention any banks by name, the question arose because of the US government's continuing efforts—at a cost of $45 billion since October—to prop up the mammoth US-based Citigroup banking group, which owns Banamex, Mexico's second largest bank.

Narco-imbroglio mires NAFTA trade

The US Justice Department filed lawsuits against Union Pacific Railroad Co. March 18 seeking $37 million in damages for allegedly failing to prevent its rail cars from being used to smuggle drugs into the country. US customs inspectors on at least 38 occasions between 2001 and 2006 discovered a total of two tons of marijuana and 100 kilograms of cocaine in Union Pacific rail cars at the border crossings of Brownsville and Calexico, according to the two complaints.

Mexico claims blows against Gulf, Sinaloa cartels

Mexican soldiers March 21 captured high-level Gulf Cartel boss Sigifredo Najera in the northern city of Saltillo. Najera is accused of attacking a US consulate and a TV station of the national network Televisa, as well as killing nine soldiers. "He is directly responsible for the torture and killing of the soldiers, the attacks on the US consulate and Televisa in Monterrey," President Felipe Calderón said in a speech in the Mexican capital.

Mexico tops agenda for new Drug Czar

"Violent drug trafficking organizations threaten both the United States and Mexican communities," Vice President Joe Biden said at a ceremony to nominate Seattle Police Chief Gil Kerlikowske as the new drug czar. Biden said Kerlikowske would oversee a strategy to improve intelligence sharing and boost interdiction of drugs into the US and guns and cash into Mexico. "It is a strategy we need...in order to bring the situation under control, to protect our people, and to bring about the demise of the Mexican drug cartels," Biden said.

Mullen mulls Mexico intervention

President Barack Obama was briefed March 7 by Joint Chiefs of Staff chairman Adm. Mike Mullen about Mexico's drug wars and the need for US assistance. "They have an urgent need," Mullen told reporters in a conference call from his aircraft as he returned from his first official visit to Mexico. "We all have a sense of urgency about this. And so we're all going to push pretty hard to deliver that capability as rapidly as possible."

Mexico: more army troops to Juárez in wake of prison massacre

Nearly 7,000 Mexican soldiers and federal police arrived in Ciudad Juárez this week in a bid to restore order amid an escalating bloody turf war between rival drug cartels. Masked soldiers are patrolling the streets in long convoys of military vehicles and conducting traffic checkpoint. Another 1,500 soldiers are expected to join the 3,500 that rolled into the northern border city earlier this week. "They'll stay as long as necessary," said Juárez police spokesman Jaime Torres Valadez. Surveillance cameras will be installed throughout the city to help police stem executions and assassinations in the streets. (CNN, March 6)

Mexico: bomb threats shut Ciudad Juárez airport

An unexploded bomb forced the evacuation of the airport in in Mexico's violence-torn Ciudad Juárez Feb. 25, while a bomb threat cleared the border city's courthouse. Airport personnel and travelers returned to the airport three hours after the explosive device was found by police, an airport official said. No explosives were found at the courthouse. At a hotel three blocks from the courthouse, four federal government ministers were holding a security meeting about the unprecedented violence in the city. (AFP, Feb. 25)

Mexico extradites legendary kingpin Miguel Caro Quintero

After eight years in a maximum-security Mexican prison, convicted drug kingpin Miguel Caro Quintero AKA "Michael Jackson" was extradited to the US Feb. 25. With his brother Rafael Caro Quintero, the extradited kingpin is said to have led the Guadalajara Cartel, Mexico's top crime machine in the 1980s and forerunner of today's warring Tijuana Cartel and Sinaloa Cartel. Rafael, arrested in Costa Rica in 1985, is serving time in Mexico for the 1985 killing of US Drug Enforcement Administration agent Enrique "Kiki" Camarena. (AFP, El Universal, Feb. 25)

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