Behind the shutdown of the Mexico's Central Power and Lighting Company is Calderón's obligation to fulfill his commitments with foreign corporations.
Despite the growing poverty and unemployment in Mexico, the current government insists on continuing the failed process of “structural reforms” by dismantling the nation's energy industry.
Obama has not just backpedaled from his campaign commitments to renegotiate the North American Free Trade Agreement (NAFTA). He has ended up expanding the accord which will remove even more checks and balances on the exchange of capital, services, and goods.
Mexico faces two serious challenges: the deepest economic slowdown in Latin America and an explosion of drug-related violence. To the extent that these crises are getting any attention at all in the United States, the views are widely divergent.
On the one hand are those, including the U.S. military, who claim that Mexico is at risk of becoming a "failed state," a label typically reserved for truly "ungoverned spaces." Think Somalia.
President George W. Bush will soon host what has become an annual “Three Amigos Summit.” The leaders of Mexico, the United States, and Canada will be gathering in New Orleans on April 21 and 22. What do you suppose is on the agenda? A rational response to immigration, perhaps?
Recommended web resources on Mexico and Drugs