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President Felipe Calderón is also critical of the media spotlight shining on Mexico. He was particularly incensed when Forbes magazine included Mexican drug trafficker Joaquin (El Chapo) Guzmán on its richest list - he was put at No. 701, with an estimated net worth of $1 billion. "Magazines are not only attacking and lying about the situation in Mexico but are also praising criminals," he said in March, following the Forbes choice. (TIME later went on to include Guzman in its TIME 100 list, noting that criminals are, unfortunately, influential in today's world.) (See pictures...
Calderón is particularly concerned about the nation's image because of the bottom line. In 2008, foreign tourists spent $13.3 billion in Mexico, the third biggest source of foreign income after remittances and oil exports. This year all three of these moneymakers are being clobbered. While the price of petroleum nose-dived with the crisis, the recession north of the border pushed Mexican remittances down 18.6% in April compared with the same time last year. To add to these woes, Mexico's manufacturing sector has been battered by a drop in spending in the U.S. In total...
Calderón argues that the ability of Mexicans to deal with this challenge will be crucial to luring tourists back. Personally launching the Vive México campaign in his presidential palace, the President focused on selling Mexican character. "Let us tell the whole world that we are a strong nation with a unique unity and identity," he said, "that no matter how hard or difficult the tests we have to face, particularly at the present time, Mexico is united and will overcome them...
...million in annual cost savings and have greater bargaining power to woo artists and sell out concert halls more efficiently. "Forty percent of the tickets to music events go unsold," said Azoff, whose Front Line artist-management group within Ticketmaster represents such artists as the Eagles and Guns N' Roses. "The goal of this [combined] company is to better market and bring third parties to help us fill some of those unsold seats." (See the top 10 songs...
...cardiologist Walter Clair ’77, former New York Times reporter Linda J. Greenhouse ’68, New York City Public Schools Chief Operating Officer Photeine M. Anagnostopoulos ’81, and the Smithsonian’s Director of the Museum of Natural History Cristián Samper won six-year terms in an alumni vote to serve on the 30-member board.Former CEO of Vertex Pharmaceuticals Joshua S. Boger, who received the sixth most votes, will serve the remaining three-year term vacated by Arne S. Duncan ’86, who left to serve...