Tag Archives: Mark Lorenzana

Segalmex Buys 465 Million Pesos Worth of Sugar from Ghost Company

By MARK LORENZANA The Mexican Food System (Segalmex), an agency created by Mexican President Andrés Manuel López Obrador (AMLO) in 2018, allegedly entered into a contract with a ghost company in April 2020 and purchased 25,000 tons of sugar worth 465 million pesos, of which only 7,800 tons were delivered. Servicios Integrales Carregin, the alleged ghost company, has already been

Read more

What AMLO Got Wrong, According to Experts

By MARK LORENZANA Economic experts in Mexico have questioned the numbers that Mexican President Andrés Manuel López Obrador (AMLO) presented in his fourth State of the Nation Address (Informe de Gobierno) at the National Palace in Mexico City on the afternoon of Thursday, Sept. 1, and accused him of “not sticking to reality.” The analysts, in a report by Mexican

Read more

On the Mark: Mexico Beats Panama, Upsets US in FIBA AmeriCup

By MARK LORENZANA Fans of Mexican basketball have a lot to celebrate lately. On the morning of Sunday, Sept. 4, the Mexican National Basketball Team defeated Panama, 65-60, in the group stages of the ongoing 2022 FIBA AmeriCup Tournament in Recife, Brazil. Previously known as the FIBA Americas Championship, the FIBA AmeriCup takes place every four years between national teams

Read more

AMLO Offers Nothing New in Fourth State of the Nation Address

By MARK LORENZANA With his popularity dropping, violence growing and the country’s economy crashing, Mexican President Andrés Manuel López Obrador (AMLO) on the afternoon of Thursday, Sept. 1, tried his hardest to put a positive spin on his administration’s shortcomings through his State of the Nation Address (Informe de Gobierno) at the National Palace in Mexico City. The 50-minute speech

Read more

Santiago Creel, Alejandro Armenta Voted as Congress, Senate Presidents

By MARK LORENZANA The plenary session of Mexico’s Chamber of Deputies on Wednesday, Aug. 31, ratified the appointment of Santiago Creel as president of the board of directors of the legislative precinct of San Lázaro, while Alejandro Armenta was elected as president of the Mexican Senate. Creel, of the conservative National Action Party (PAN), was elected unanimously as president of

Read more

Va Por México Coalition Reaffirms Alliance for 2023, 2024 Polls

By MARK LORENZANA Members of the Va Por México coalition, which consists of the centralist Institutional Revolutionary Party (PRI), the conservative National Action Party (PAN) and the left-leaning Party of the Democratic Revolution (PRD), reaffirmed their alliance on Tuesday, Aug. 30, and are set to agree on fielding their chosen candidates in the upcoming 2023 local public elections and the

Read more

Internal Economic Policies in Mexico Accelerate Capital Flight

By MARK LORENZANA In the second quarter of this year, outflow of capital from Mexico totaled $5.74 billion, a figure 88.9 percent higher than the previous quarter. For the ninth consecutive quarter, the country has registered capital flight, according to figures from the Central Bank of Mexico (Banxico). Gabriela Siller, director of economic analysis at Banco Base, explained that the covid-19 pandemic

Read more

The Dark Period When ‘Los Chapitos’ Assassinated 16 Policemen

By MARK LORENZANA On the morning of Sept. 30, 2016, a military convoy was ambushed by members of the Sinaloa Cartel on the highway that connects the municipalities of Badiraguato and Culiacán in the northwestern Mexican state of Sinaloa. According to the version of the Mexican Army, three hours earlier, a military checkpoint tried to stop a truck in the

Read more

FGR: García Luna Accumulated Illicit Income of 27.3 Million Pesos

  By MARK LORENZANA Former Mexican Secretary of Public Security Genaro García Luna had allegedly accumulated illicit income of at least 27.3 million pesos during his time at the Criminal Investigation Agency (AIC) and the Federal Public Security Secretariat, as documented by Mexico’s Attorney General’s Office (FGR). The file on García Luna, imprisoned since 2019 in the United States, where he faces drug-trafficking charges, specifies that

Read more
« Older Entries Recent Entries »