Word: obrador
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...edge. But the intensity of the contest will be demonstrated elsewhere on Friday - at the inauguration of Mexico's conservative President-elect, Felipe Calderon. He'll likely face angry and perhaps violent protests by supporters of the leftist candidate he narrowly defeated last July, Andres Manuel Lopez Obrador - who insists that the election was stolen, and last week, in a bizarre bit of political theater, even had himself sworn in as Mexico's "legitimate president...
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...
...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...
Pemex is now the government's cash cow, providing about 30% of federal revenues, a dependence that has torpedoed fiscal reform. Nonoil tax collection, as a percentage of GDP, is about 10%--about the same as in Haiti. Lopez Obrador's economic team calculated that an additional 2% to 3 % of GDP could be recouped with more rigorous tax collection, which would mean cracking down on rampant tax evasion--roughly at 50%--and the widespread abuse of legal but economically unjustified tax exemptions. "All businesses should pay tax without exemptions," says José Luis Barraza, president of the Consejo Coordinador Empresarial...
...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...