Seek news on
InfoAnda
powered by
Google
Custom Search

Last text search :
2016 wso 2.5 rw-r
2017 #1 smp wso rw-r

wso-drwxr-xr-x-smp.php-(writeable).php
2017 #1 smp wso rw-r
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php


Wednesday, 28 December 2011 - Growing poverty looms for next Mexican president |
  • Pakistanis angry over detentions in Times Sq. case
    Monday, May 24, 2010
    ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
    They
  • Taiwan denies boycotting Australian film festival
    Thursday, August 6, 2009

    AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
  • Merkel's support dips, regional ally resigns International
    Thursday, September 3, 2009

    By Sarah Marsh and Noah Barkin

    BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
  • Minister seeks closure of anti-Berlusconi websites
    Wednesday, December 16, 2009
    ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
  • Asian markets mixed after Wall Street rally
    Wednesday, March 18, 2009

    By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
  • Killing of US soldier casts light on Mosul police | 18 June 2009
  • Oprah delighted with OWN network launch | 7 January 2011
  • Afghan govt throws out nearly a quarter of ballots | 20 October 2010
  • "Hannah Montana" starts final season as Miley moves on | 6 July 2010


    Forum Views () Forum Replies ()

    Read more with google mobile : Growing poverty looms for next Mexican president |

      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Davos 2012 Technology Media Small Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Gregg Easterbrook Nader Mousavizadeh James Saft Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Steven Brill Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Money Money Home Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (0) Slideshow Full Focus Editor's choice Our top photos from the last 24 hours.   Full Article  Best photos of the year Follow Reuters Facebook Twitter RSS YouTube Read Obama to ask for debt limit hike: Treasury official 11:33am EST Sears to close more stores as holiday sales slump | 1:45pm EST Police say neighbor confessed in death of Indiana girl 2:10pm EST Detroit police say 3 deaths tied to dating services site 26 Dec 2011 People says gay Taylor Lautner cover "100 percent fake" 1:47pm EST Discussed 264 In ad for newsletter, Ron Paul forecast ”race war” 206 Obama to ask for debt limit hike: Treasury official 132 Slumping Gingrich promises sharper counter-punch Watched Miley Cyrus caught on camera swearing at a fan Thu, Dec 22 2011 China tests 500kmph train 8:57am EST Japan picks the F35 as regional uncertainty rises Mon, Dec 19 2011 Growing poverty looms for next Mexican president Tweet Share this Email Print Related News Insight: Violence creeping into Mexican capital 9:54am EST Special Report: Federal forces sully Mexico's war on drugs 9:21am EST Another face of the U.S. recession: homeless children Fri, Dec 23 2011 Analysis: Mexico 2012 frontrunner stirs reform optimism Fri, Dec 23 2011 Ultra-religious schools test Israel's high-tech future Thu, Dec 22 2011 Analysis & Opinion Brazil’s Itaú is the bank to watch next year The year in review for the American middle class Related Topics World » United Nations » Mexico » 1 of 9. A woman sits with her grandchildren at their home on the outskirts of Oaxaca December 8, 2011. Credit: Reuters/Jorge Luis Plata By Rachel Uranga MEXICO CITY | Tue Dec 27, 2011 1:59pm EST MEXICO CITY (Reuters) - When President Felipe Calderon came to power five years ago, he pledged to cut rampant poverty in Mexico. Instead, millions more have joined the ranks of the poor. A battle over how to tackle poverty, which is blamed for stunting Mexico's economic development and fueling the rise of violent drug gangs, is already raging between candidates competing to succeed Calderon in a July presidential election. From left to right, they have vowed to find a way of addressing chronically weak tax revenues, a failing education system, and the vast concentration of wealth in few hands. But with more than a quarter of the economy off the books, the task facing the next president is huge. Mexico is home to world's richest man, Carlos Slim. At the end of last year, he was worth around $74 billion, according to Forbes magazine. That's equivalent to roughly 6.6 percent of Mexico's annual economic output. Just a few blocks from the Mexican stock exchange that Slim's companies dominate, Marcial Maya earns about 80 pesos ($5.80) a day selling nuts, gum and cigarettes at traffic lights. At that rate he would have to work for 35 million years, 365 days a year to match the tycoon's fortune - provided he spent no money. "I have six children, and I want them to study but I am at the point of asking them to leave school," the 37-year-old Maya said. "I just can't afford it any more." About half of Mexico's population lives below the poverty line and it has failed to match its big Latin American rival, Brazil, in making significant inroads against the problem. LOST YEARS A weak global environment has been part of the problem, with Mexico battered during the financial crisis, in large part because it is so dependent on U.S. demand for its exports. But Calderon's government has drawn criticism for failing to strengthen the domestic economy. Mexico has had an average annual growth of 2.2 percent since 2003 -- about half the rate for Latin America and the Caribbean. Between 2006 and last year, the number of Mexicans living on 2,100 pesos ($150) a month or less jumped from 45.5 million to almost 58 million, according to Coneval, the government body in charge of measuring poverty. In 2008, the government's formal definition of poverty changed, stripping out millions from the official tally. But even using the new measure, the number of poor rose by more than 3 million to 52 million between 2008 and 2010. Mexico's wealthiest 10 percent earn 27 times what the bottom tenth makes on average, according to figures from the Organization for Economic Cooperation and Development. By contrast, in the United States, the top 10 percent are only 14 times better off than the bottom bracket. Alberto Diaz-Cayeros, a poverty expert and director of the Center for U.S.-Mexican studies at the University of California, San Diego, said Calderon's approach to eliminating poverty had not been thought out properly. "He never had a really cohesive or comprehensive strategy," he said. "We lost, in a way, six years." After Mexico's 1994-95 economic crash, the government slowly managed to bring back poverty levels back to pre-crisis levels by the time Calderon took office. Then, that momentum ended. Calderon's failure to stem the tide has eroded support for his conservative National Action Party (PAN) and has prompted presidential hopefuls to call for a broader welfare net and more investment in education - just as Calderon did himself. OUT OF TOUCH Known as Oportunidades, Mexico's chief anti-poverty scheme covers 5.8 million families living in mostly rural areas. The program's funding has more than doubled since 2003, and coverage has expanded by more than 1 million people, providing healthcare and education to many of Mexico's neediest. But Mexico still devotes far less to social spending than Latin America's biggest economy, Brazil. In 2009, Mexico spent about 11.2 percent of its gross domestic product on social programs compared to 27 percent in Brazil, according to Cepal, the United Nations economic commission for Latin American and Caribbean. While Mexico's government was struggling to contain the spread of deprivation, Brazil lifted some 40 million people out of poverty under former president Luiz Inacio Lula da Silva. The favorite to succeed Calderon, Enrique Pena Nieto of the Institutional Revolutionary Party (PRI), says Mexico is not creating enough good jobs and he has proposed universal healthcare, social security and unemployment benefits for all. However, Pena Nieto's proposals will be expensive and he may fail to find a majority in Congress. "It costs a lot of money: four or five, maybe six percent of gross domestic product, and the only way you can finance it is with a major tax overhaul," said Jorge Castaneda, foreign minister under former president Vicente Fox, also of the PAN. With the notable exception of leftist Andres Manuel Lopez Obrador, who ran for office on a "poor first" mantra in 2006 and is competing again in 2012, Mexican politicians have frequently appeared out of touch with the needs of the poor. Pena Nieto slipped up this month when he was unable to say how much corn tortillas -- a staple of the Mexican diet - cost or what Mexico's minimum wage is: about 60 pesos a day. In February, one of his PAN presidential rivals, Ernesto Cordero, took a beating in the media when he said a monthly income of 6,000 pesos ($430) could cover a family home, a car and private education in Mexico. Whoever wins will seek to reduce the size of the informal economy, a fertile recruiting ground for drug gangs. Seeking an alternative to low paid work, thousands of Mexicans have drifted into organized crime - often ending up as just another statistic in Calderon's war on the cartels, which has claimed 45,000 lives in the past five years. Beneath gleaming skyscrapers in Mexico City's business district, Cristian Ortiz, 30, said he made more money washing car windows than he could with many regular jobs. And he had little faith that things would change with a new government. "Politicians have said they're going to fix poverty for hundreds of years, they always say the same thing," he said. (Additional reporting by Noe Torres; Editing by Dave Graham and Kieran Murray) World United Nations Mexico Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

    Other News on Wednesday, 28 December 2011
    Putin ejects Kremlin puppet master after protests |
    Israelis rally against violence by zealots |
    Funeral for North Korean leader amid worry about future |
    Growing poverty looms for next Mexican president |
    Tensions simmer as Iraqi leaders try resolve crisis |
    IMF says expects January talks with Egypt |
    Adele sells most albums in a year since 2004 |
    Sinead O'Connor ends fourth marriage after 16 days |
    Heavy D death caused by pulmonary embolism |
    People says gay Taylor Lautner cover 100 percent fake |
    Snow and tears mark funeral for North Korean leader |
    Street fights in Yemen as U.S. considers letting in Saleh |
    Argentine president diagnosed with thyroid cancer |
    China says Taiwan's opposition a threat to peace |
    Mass anti-Assad protest in Homs as monitors visit |
    Great successor poised to take over North Korea |
    Egypt's Mubarak trial resumes after delay |
    Russian ship repaired and freed from Antarctic ice |
    Netflix, Gap lag in customer satisfaction online |
    Hackers say to publish emails stolen from Stratfor |
    Online holiday spending rises 15 percent: comScore |
    Condoms for porn actors to be on Los Angeles ballot |
    Actor Matthew McConaughey proposes to girlfriend |
    Iran navy chief says closing Gulf really easy |
    Allawi says Iraq headed for sectarian autocracy |
    Seven hurt as bomb hits Arabic school in Nigeria |
    China slams Railways Ministry over deadly crash |
    Putin says ready for talks with Russian opposition |
    Mexico arrests drug dealer linked to boss Guzman |
    Families demand Libyan probe into 1992 crash |
    Hackers could shut down train lines: expert |
    Huawei CEO's message presages management transition |
    LG Display plant in eastern China hit by strike |
    GSM phones vulnerable to hijack scams: researcher |
    A Minute With: Jeremy Renner on his Mission: Impossible |
    Sinead O'Connor ends fourth marriage after 16 days |
    Tom Cruise returns to box office form with MI4 |
    Greece at new risk of being pushed off euro
    Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
    Female Breasts Are Bigger Than Ever
    AMD Trinity Accelerated Processing Units Now in Volume Production
    The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
    AMD to Start Production of piledriver
    Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
    Islamists Protest Lady Gaga's Concert in Indonesia
    Japan Successfully Broadcasts an 8K Signal Over the Air
    ECB boosts loans to 1 trillion Euro to stop credit crunch
    Egypt : Mohammed Morsi won with 52 percent
    What do you call 100,000 Frenchmen with their hands up
    AMD Launches AMD Embedded R-Series APU Platform
    Fed Should not Ignore Emerging Market Crisis
    Fed casts shadow over India, emerging markets
    Why are Chinese tourists so rude? A few insights

    [InfoAnda] [Home] [This News]



    USD EUR - 1 year graph

    BlogMeter 1.01