International
The economic data that defined Mexico’s second presidential debate
The second official debate of Mexico’s presidential candidates focused on economic issues, so promises about salary and employment, as well as macroeconomic and public finance figures dominated the exchanges.
These are the main data that marked the meeting of the three presidential candidates, the ruling party Claudia Sheinbaum, and the opponents Xóchitl Gálvez and Jorge Álvarez Máynez:
Álvarez Máynez, of the opposition Movimiento Ciudadano (MC), promised to raise the minimum wage to 10,000 pesos per month (about 583 dollars), above the current 7,467 pesos (435.4 dollars), while Sheinbaum asserted that it will rise to an equivalent of 2.5 basic baskets.
“(There are) better salaries. Remember that they did not increase wages for 36 years in the country and for the first time (under the government of Andrés Manuel López Obrador) they increased by 110%. We are going to take salaries to 2.5 basic baskets,” said the former head of Government of Mexico City (2018-2023).
Sheinbaum promised to build 100 new industrial parks to take advantage of the phenomenon of chain relocation or ‘nearshoring’.
“We are going to develop another 10 welfare poles throughout the country to take advantage of the relocation that is taking place at the moment. Among other things, we are going to make 100 industrial parks linked to regional vocations, with education and development for well-being,” he said.
Gálvez denounced that the growth of per capita debt is equivalent to 54% during López Obrador’s six-year term (2018-2024).
“Yes, they got the country into debt. Today, every Mexican owes 128,000 pesos (7,463.5 dollars). (That is) 45,000 pesos ($2,623.9) more than when they arrived. That’s why I tell them that (Sheinbaum) tells lies. That’s why she is the candidate of lies,” said the candidate of the Alliance Fuerza y Corazón por México.
The opposition candidate promised that “everyone who earns less than 15,000 pesos ($874.6) a month will not pay taxes,” which “benefits 20 million Mexicans.”
The candidate of Fuerza y Corazón por México assured that the López Obrador Administration has granted Petróleos Mexicanos (Pemex) a tax support of 2 billion pesos (116,618 million dollars), which is equivalent to building 8 million homes and giving 50,000 pesos ($2,915.5 dollars) to each of those people.
“Pemex is a robbed,” he said.
The ruling party candidate cited that the Government of López Obrador brought 5.1 million people out of poverty, based on the National Council for the Evaluation of Social Development Policy (Coneval).
“For the first time since 1982 we are below 40% of the poor population, and at the same time inequality decreased,” Sheinbaum said. But Gálvez argued that there are still 47 million people in poverty.
Sheinbaum accused his main rival, Gálvez, of representing the “neoliberalism” of his parties, National Action (PAN), the Institutional Revolutionary (PRI) and the Democratic Revolution (PRD).
“At the time of (Felipe) Calderón (president from 2006 to 2012, the inequality between rich and poor of the PAN), reached 35 times. With the transformation, inequality has decreased to 17 times, that is, it is a different model, before it was supported by those at the top, now it supports those at the bottom,” he argued.
Álvarez Máynez stressed that Movimiento Ciudadano supports the reduction of the working day from 48 hours to 40 hours per week, in addition to accusing the parties of Gálvez and Sheinbaum of not supporting the proposal in Congress.
“She (Sheinbaum) is a candidate of the party that today has a majority in Congress. With your votes we could approve the decent workday with two days of rest a week, we could approve that this country has a universal minimum income,” he said.
International
Trump criticizes Panama Canal fees and demands U.S. control over strategic waterway
U.S. President-elect Donald Trump criticized what he described as unfair fees imposed on American ships passing through the Panama Canal and threatened to demand that Washington take back control of the strategic waterway.
“Our Navy and commerce have been threatened in a very unjust and reckless way. The rates that Panama charges are ridiculous,” Trump wrote on his Truth Social platform.
The president-elect also denounced the growing influence of China in the canal, a situation he called concerning as U.S. businesses depend on the waterway to transport goods between the Atlantic and Pacific Oceans.
“This complete scam against our country will end immediately,” he stated.
The Panama Canal, completed by the United States in 1914, was handed over to Panama under the 1977 treaty signed by Democratic President Jimmy Carter. Panama took full control of the commercial passage in 1999.
“It was exclusively for Panama to manage, not China or anyone else,” Trump said. “We would never allow it to fall into the wrong hands!”
“If Panama cannot guarantee a ‘safe, efficient, and reliable’ operation of the canal, we will demand that the Panama Canal be returned to us in its entirety, without a doubt,” the Republican added.
Panamanian authorities did not immediately respond to Trump’s statements. While he will assume office on January 20, Trump has been exerting his political influence in the final days of President Joe Biden’s administration.
Five percent of global maritime trade passes through the Panama Canal, which allows vessels traveling from Asia to the U.S. East Coast to avoid the long and dangerous route around the southern tip of South America.
The countries that use the Panama Canal the most are the United States, China, Japan, and South Korea.
In October, the Panama Canal Authority reported earnings of nearly $5 billion in the last fiscal year.
International
Putin vows retaliation following drone attack on luxury building in Kazan
Russian President Vladimir Putin promised more “destruction” in Ukraine on Sunday, in response to a drone strike that hit a residential building in the city of Kazan, located in central Russia, on Saturday.
Russia accused Ukraine of launching a “massive” drone attack, which struck a luxury apartment block in Kazan, about 1,000 kilometers from the border.
Videos shared on Russian social media show drones hitting a high-rise glass building. No casualties have been reported as a result of the attack.
In his statements, Putin addressed the local leader of Tatarstan, the region where Kazan is located, during a virtual ceremony marking the opening of a road.
The attack in Kazan is the latest in a series of increasingly frequent bombings in this nearly three-year-old conflict. Ukraine has not commented on the attack.
Putin had previously threatened to strike the center of Kyiv with a hypersonic ballistic missile in response to Ukrainian attacks on Russian territory.
The Russian Ministry of Defense stated that the recent Russian strikes on Ukrainian energy facilities were retaliation for Ukraine’s use of Western-supplied missiles to target Russian territory.
International
Small plane crashes in Gramado, Brazil, killing nine people
At least nine people were killed on Sunday after a small aircraft crashed in a commercial area of the tourist city of Gramado, in the southern Brazilian state of Rio Grande do Sul, authorities confirmed.
“There are nine confirmed deaths according to Civil Defense services, and there are no survivors from the plane,” said Cléber dos Santos Lima, director of the Interior Police Department of the Civil Police of the state, in a statement to AFP.
Authorities have not yet confirmed the exact number of passengers and crew aboard the aircraft, a turbo-prop Piper Cheyenne 400. However, Civil Defense had previously stated that “preliminarily, the plane was carrying ten people.”
The plane crashed on Sunday morning “into the chimney of a building, then onto the second floor of a house, and finally fell onto a furniture store,” according to a statement from the Rio Grande do Sul Public Security Secretariat.
Trump criticizes Panama Canal fees and demands U.S. control over strategic waterway
Putin vows retaliation following drone attack on luxury building in Kazan
Small plane crashes in Gramado, Brazil, killing nine people
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