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Mexico Power Takeover Creates Sparks
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President Calderon takes over Luz yFuerza, Mexico's major power company serving Mexico City. This sets up aconfrontation with the SME union which by having extra workers and higher benefits raises the costs to about twice what the company earns. Money the government uses to support the electricity companyis now the same as what it uses in an antipoverty program for 25 million Mexicans and twice that it uses to support auniversity system for 350,000 students.
The challenges facing Calderon as he tries to reshape the economy of Mexico.
05/22/2006
The Mexican economy is expected to see a GDP decline of nearly 7% in 2009. With the serious downturn in the auto industry and in other industries, serious problems with monopolistic firms and high prices in the telecom sector, underinvestment in the oil sector, and the impact of the war on drug cartels, one expert says its surprising that Calderon is still fighting all these battles.
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Mexico Power Takeover Creates Sparks
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Mexico's power company and its takeover by Calderon.
10/12/2009
Efforts to bring power costs in line with efficient power suppliers by making Luz y Fuerza more efficient. Calderon takes on the union SME.
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Pocketbook Issues Weigh on Mexico Voters
New York Times 06/30/2012
Mexico Power Takeover Creates Sparks
Wall Street Journal 10/12/2009
Mexico's Calderón Takes on Big Labor
Wall Street Journal 10/19/2009
Mexico’s economy: Making the desert bloom
Economist 08/27/2011
Stephens: The Paradoxes of Felipe Calderón
Wall Street Journal 09/28/2012
Departing Mexican Leader Leaves a Mixed Legacy
Wall Street Journal 11/30/2012
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