Tag Archives: AMLO

AMLO in zany refurb airport caper

Mexican president Andrés Manuel López Obrador (herein AMLO or El Peje) announced last week that work would begin Monday, April 29 to convert a military air base outside Mexico City for commercial aviation.  When multiple sources jumped to point out that neither the master plan nor the required environmental impact assessment had been presented, the aggravated president agreed to push back start of work until June.  If this barmy caper has a happy ending we will be a monkey’s uncle, but Dear Leader is determined so it looks like we will find out.  Continue reading AMLO in zany refurb airport caper

ZEE Economic Zones face chop under AMLO

Rictus, El Financiero, March 28, 2019

So far we’ve been resisting the urge to complain about the new government, and for the moment we’re going to stick with that policy until more time has passed to evaluate the direction things are taking.  But we will say this: the rise to power of a leftist political party with a near-monopoly over the institutions of government raised a lot of questions about what would happen to the center-right programs and reforms of the two previous administrations. President Andrés Manuel López Obrador (AMLO), in office for four months now, has demonstrated from the start that he is willing to cancel previous governments’ initiatives regardless of their scale.  The best example of this is the partially-built new Mexico City airport, which now is a 4,430-hectare empty lot, but parts of the energy and education reforms could be thrown in as well.  Every pharaoh has his pyramid, though, and no sooner did AMLO scrap previous president Enrique Peña’s US$13 billion airport than he set to work on his Tren Maya tourist train, projected to begin trampling virgin Yucatan jungle by 2022 to the relatively thrifty tune of US$8 billion.  Continue reading ZEE Economic Zones face chop under AMLO

Willy nilly Morena rattling nerves and markets

The presidency of Andrés Manuel López Obrador (AMLO) is already starting to feel like a slog, and it hasn’t even begun yet.  López Obrador  was elected in July and is set to begin his six-year term on December 1, but it certainly feels like he’s president already and an embattled one at that.  Memory can be hazy but it seems to us that in prior transition years, the president-elect maintained a far lower profile during the five-month period between election and inauguration and took care not to overshadow the sitting president.  That may be because in the past the transitions were largely between PRI administrations, or between the PRI and the PAN, which aren’t much different anyway. Continue reading Willy nilly Morena rattling nerves and markets