Word: mexico
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Economic reform arrived at Mexico's electrical utility on Saturday night wearing black body armor, crash helmets and ski masks. Flabbergasted workers arriving for early morning shifts on Sunday found thousands of Federal police deployed to enforce a government decree shutting down the company. A special edition of the government gazette decreed that because of inefficiency and unacceptable losses, the state-run utility that provides power to 25 million people in the heart of Mexico had ceased to exist. Its 44,000 employees were immediately terminated, depriving the nation's oldest industrial trade union of its entire membership. The plants...
...dramatic move against Mexico's Light and Power monopoly divided public opinion in a nation gripped by a crippling recession. Supporters hailed the move as the pro-business President Felipe Calderón's boldest and most effective step toward modernizing the economy - and exorcising the remaining ghosts of the 71-year political monopoly of the Institutional Revolutionary Party (PRI) that ended in 2000. The company and its union, they argue, were self-serving, inefficient cartels holding Mexico back. It employed too many at inflated wages, they argue, and provided a terrible service characterized by daily blackouts and power surges...
...assumed a central role in the state-run Light and Power company when it was formed in 1960. The union had loyally backed the PRI, but as the country moved toward multiparty democracy, the electricity union veered left, supporting the Democratic Revolution Party (PRD), which claims to defend Mexico's workers' rights. PRD lawmakers denounced Calderón's move as unconstitutional, and demanded that it be reversed by Congress. (Calderón and the majority of lawmakers insist the move was legal.) "In this recession, the 'President of jobs' is sending 44,000 employees to the street and leaving...
...pictures of the swine flu outbreak in Mexico...
...Paranormal Activity's take of $7.1 million on 159 screens in perspective, consider the openings of two other films this weekend. Good Hair, Chris Rock's docu-comedy about Afro-American coiffure, took in $1.1 million at 186 sites; and the inspirational boxing drama From Mexico With Love gleaned a punchless $308,000 at 279 venues. In two showcase openings, the highly praised romantic comedy An Education - whose leading lady, Carey Mulligan, is virtually assured an Oscar nomination for Best Actress - earned a precocious $162,000 at four theaters; and the soccer movie The Damned United played to the equivalent...