Tag Archives: AMLO

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

Feds spring Elba Esther as AMLO looms

On August 8 the Mexican government announced it was dropping charges against former teachers’ union leader Elba Esther Gordillo and the sinister long-time political operator was set free after five years of various types of arrest (for a time-machine return to her sensational bust, please read our blog post from that wonderful day).  The big news came on the same day that Andrés Manuel López Obrador received his official certification as President-elect from electoral authorities, provoking widespread speculation that El Peje had somehow played a role in Gordillo’s release.  The López Obrador transition team responded that the timing was a mere coincidence, causing further arching of eyebrows and sidelong glances.  Gordillo, for her part, announced that she will be making a political announcement on August 20, so local pundits are suggesting she may reveal some sort of collaboration with the new government. Continue reading Feds spring Elba Esther as AMLO looms