Print Story Mexico holiday summary.
Diary
By Tonatiuh (Sat Oct 04, 2008 at 01:49:11 AM EST) (all tags)
I just did not have time to write diaries. So I'll summarize quickly my three weeks there while I am still jet lagged and unable to go to sleep ....

- Mexico City: Independence parade. Terrorism.

- Cancun: Xcaret, folk dancing and songs, Yucatecan food.

- Mexico City: books, football, classical music and all that jazz.

- Financial crisis: blame the Dems.


Mexico City: Independence parade. Terrorism.

No, the 5th of May is not Mexico's Independence day. The 5th of May Mexican forces (lead by a Texan, oh the irony) beat the French army in Puebla (I believe it was the only victory, until the French government abandoned the puppet ruler, Maximilian, who was swiftly captured and executed). But I digress ...

I arrived to Mexico City the 15th of September, so I watched "El Grito" (the cry fro independence) on TV. The following day the President's speech was very militant, the reason of which did not dawn on me until many hours later, when I learned about the terrorist bombings in Morelia, perpetrated by drug traffickers....

Had I known about this, I would have not gone to the military parade to celebrate the start of the the Independence War. So I watched the myriads of battalions, marching proudly in Paseo de la Reforma (our Champs Elysees), the most popular the military nurses (fit as a fiddle, all very pretty) and the charros closing the parade (Mexican cowboys), the most intimidating the Military Intelligence (which is sorely lacking in practice, they should concentrate more in working than in looking menacing).

Insecurity in Mexico is reaching really dangerous levels: people is executed in the most cruel fashion (inter gang violence and and open war against the police, the drug traffickers even put banners in pedestrian crossings announcing their grievances between themselves and with the police, very often threatening  explicitly some people. People of means are fearful of being kidnapped, which has happened to prominent businessmen and politicians, many of whom are threatened by drug dealers via anonymous calls from pay as you go mobile phones....

Cancun: Xcaret, folk dancing and songs, Yucatecan food.

I have always mixed feelings about the ecological resort of  Xcaret: the small zoo has enclosures  too small for some animals but there is a program to reintroduce turtles into the wild which is very successful, people can  swim with dolphins (whose state of captivity is considered by some people to be cruel) but there is a research program which seems serious enough to me (the installations and care for the animals looked superb to me)  Over development? Encouragement to use biodegradable sun blocker.  Don't know, I would say in balance the resort is managed competently enough.

The resort offers several bits of entertainment during the day, but the night time show takes the biscuit: enactment of ancient ball games, folk dancing and singing from all the regions of the country. The classy touch was when the dance of the old men, normally performed by masked young dancers, was actually performed by old men masked. At the end they uncovered their faces to discover a group of very jovial over 60s Lotharios. They even managed to show the voladores de Papantla, a performance most tourists have seen, even if that have no idea where Papantla is.

I eat Yucatecan food, which is slightly different from the rest of the country. My hotel happened to  have a branch of "Los Almendros", a Yucatecan gastronomic institution.

Mexico City: books, football, classical music and all that jazz.

I bought several books while in Mexico City.  I noticed there were far too many books by Carlos Fuentes, the reason of which was his 80th birthday. Several magazines published long articles about him, one of them actually dedicate all the issue to him. His name is mixed liberally with Withman and Borges, Milan Kundera talks enthusiastically about one of his books. 

Carlos Fuentes has won every possible accolade except the Nobel Prize of literature, which is frankly long overdue.

Football was other distraction, English football fans will be happy to know that Sven Goran Erikson is now Mexico's national coach. The joy. I watched several of Pumas UNAM games on TV for nostalgia's sake, but could not go to the stadium...

In the classical music department I managed to bag a rare recording of works by Julian Carrillo, who worked with microtonalism long before more famous musicians (Stockhausen and John Cage, to name just two) did so several decades later.

Financial crisis: blame the Dems.

I saw the financial crisis unfold while in Mexico. The naivety of the unsuspecting Mexican politicians and general public regarding the global economic downturn is mind numbing.

I read yesterday, once back in the UK, a damning indictment in The Spectator of the role the US Democratic party played in sowing the seeds of the current economic fiasco.

I read The Spectator (a right wing political magazine) mostly for the laugh value, but I have to say the analysis of the current situation is spot on regarding the blunders of the democrats. I would love n equally objective analysis defending the Democrats on this regard.

OK, time to go to sleep. I am pretty jet lagged and I have a half marathon to run tomorrow! Joy, joy, joy.









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Mexico holiday summary. | 11 comments (11 topical, 0 hidden) | Trackback
Kidnapping. by blixco (2.00 / 0) #1 Sat Oct 04, 2008 at 09:17:39 AM EST
We hear a LOT in the news here about kidnapping "epidemics" in Mexico.

So much so that no-one wants to travel to the interior of the country.

How bad is it, really?

---------------------------------
"You bring the weasel, I'll bring the whiskey." - kellnerin


Difficult to quantify. by Tonatiuh (4.00 / 1) #5 Sat Oct 04, 2008 at 02:19:57 PM EST
Several thousands of people are kidnapped every year, but normally the operations are planned for a long time (with the involvement of people familiar with the would be kidnapped person). Random kidnapping is really rare or short lived (they take you to an ATM, ask you to empty your account and let you go).

I would say that in balance one is mostly fine still (specially if you stick to touristy areas), but I can't blame people deciding not to go to the country on view of the dreadful news flowing all the time.




[ Parent ]

I attribute a lot of the reports by blixco (2.00 / 0) #11 Sat Oct 04, 2008 at 04:22:26 PM EST
to the typical "we have to sell ads!" news media hysteria, but we recently had a state department warning at work about traveling to Mexico City, which was strange.

Mexico is actually the only country other than the US that I've been to.  I'd like to go back again, hit the west coast, go back to Bahia Kino....

---------------------------------
"You bring the weasel, I'll bring the whiskey." - kellnerin
[ Parent ]

I am very curious . . . by slozo (2.00 / 0) #2 Sat Oct 04, 2008 at 10:27:04 AM EST
. . . as to your opinion on safety issues in the south of Mexico - say, Oaxaca, very south Pacific coast, away from the big resorts. Is it anything close to how it was for me when I travelled through there about ten (ack! had to look that up) years ago? Not sure if you are familiar with this area . . .

I've always fancied returning to there, as the sleepy little towns and deserted beaches were so quiet, pleasant. And so cheap . . .



It is more dangerous nowadays.... by Tonatiuh (4.00 / 1) #6 Sat Oct 04, 2008 at 02:33:43 PM EST
On my flight back to the UK I chatted with a young lady that had been back packing in that area with her (Mexican) boyfriend for a whole month and they did not have any issues.

But Oaxaca is now the home turf of many shady groups, from the EPR (allegedly a leftist guerilla) to sundry bands of criminals, normally linked to drug trafficking. These people are not specifically targetting foreigners so far, but I would feel much more uncomfortable nowadays, 10 years ago I would have not had any issues regarding safety pretty much anywhere in the country, this has now sadly changed.

Chiapas hosts the Zapatistas, which is mostly a spent benign "guerrilla", it seems the situation is slightly better there (because people organized themselves in many parts of the state, thus drug traffickers seem to have more problems to permeate society there).

Difficult to say really. The local media is overhyping the dangers, some of which are very real, but I can't asses this with a cool head because I wasn't long enough there to understand the full situation.

I would tend to err on the side of caution, right now there is a bit of an "everything goes" feeling in the country, people full in the knowledge that there is almost complete impunity for criminals....




[ Parent ]

the trouble with a party political reading by cam (2.00 / 0) #3 Sat Oct 04, 2008 at 12:44:26 PM EST
is that the Republicans had the power of the executive for the last seven years and the power of the legislative for several years up to 2006 as well. So if the Democrats were the complete evil that caused all this then the Republicans could have cleaned things up and made things right, whether it was legislation, oversight, or a quiet word to Wall Street to clean up their over-leveraging, etc.


cam

Freedom, liberty, equity and an Australian Republic


"several years" by R343L (4.00 / 2) #4 Sat Oct 04, 2008 at 01:07:14 PM EST
More like, the Republicans have controlled the legislature since 1995. Until 2006 elections gave the Democrats a majority in the House (and a very slim majority in the Senate), and excepting half of 2001 when the Democrats barely controlled the Senate, the Republicans have had a majority in both houses for every year since 1995.

It's angering me a great deal to see a lot of right-wing sites and pundits saying a lot of the financial mess can be blamed on the Democrats not acting. The current meme is that Fannie and Freddie were protected by the Democrats and F&F are the root cause of this mess (not slice-and-dice mortgage securities or credit default swaps or shady mortgage brokers and banks who'd give a mortgage to anything with a pulse. Sure, F&F made it possible to sell off those mortgages, but that doesn't absolve a financier of responsibility for their own actions). A misleading ad being pushed in the conservative wings of the internet on this topic.

(I also tried posting on a conservative blog/discussion site -- carefully being honest, but not offensive and trying to question some of the interpretation of the current outrageous thing -- I got banned for questioning this ad blaming solely the Democrats for the financial mess because the Republicans have been in power for so long. Apparently even when they aren't in the majority the Democrats are so mighty they can keep the Republicans from doing good things!)

"There will be time, there will be time / To prepare a face to meet the faces that you meet." -- Eliot
[ Parent ]

Yep, true. But Clinton was Prez. by Tonatiuh (2.00 / 0) #7 Sat Oct 04, 2008 at 02:50:23 PM EST
It seems like he pushed for regulation that forced banks to lower their lending requirements in the misguided but justified attempt to help ethnic minorities to get access to credit.

Fortunately the article is online (it is just last week paper issue!):

http://www.spectator.co.uk/the-magazine/features/2189196/clinton-democrats-are-to-blame-for-the-credit-crunch.thtml

it sounds plausible to me, but I would love a balancing point to these very precise statements...

In any case the full political system failed miserably, the Republicans certainly screwed up, but it may be that the roller-coaster they did not wish to stop may have been put in motion by Clinton and some of his appointees. The only thing I can say in favour of the Democrats, if the above article is accurate, is that they were incompetent. Not such saving grace for the Republicans, that favoured the rich and powerful during al the time they have been in power.

The US people, coerced by pain (9-11) and  scaremongering gave the current lot  free range, which they  attempted to extend as much as possible with an unaccountable billionairy bailout.... Astonishing.


[ Parent ]

I work in a white collar industry by cam (4.00 / 1) #8 Sat Oct 04, 2008 at 03:13:44 PM EST
one of the guys I work with (a software developer) has two ARM mortgages on his house. I know of others, who are my peers across the country, that have ARMs. This isnt unique to the "poor minorities". Houses got expensive enough that an ARM and no down payment became the norm.

And even if Clinton did all that; Bush, Hastert et al had seven years to clean it all up. As an opposing political party who had control of the Executive and Legislative they had every right to over-turn, remove, improve, undo any programmes of the previous administrations.
There is culpability from both parties. They have let Greenspan's "print money and inflation" policy continue while he was there, and after with Bernanke. No-one had the courage to tell him to stop it.

But the Republicans are not helpless; unless they are admitting they are completely incapable of governing.


cam

Freedom, liberty, equity and an Australian Republic
[ Parent ]

Big Picture by cam (4.00 / 1) #9 Sat Oct 04, 2008 at 03:17:26 PM EST
has a break down of statements on the Community Reinvestment Act from a public servant.

The thing that gets my goat is there is a role of personal responsibility here. Governing officials cannot sidestep the fact that they have to govern. They cannot occupy government and then sidestep that responsibility by blaming it on others who are not in power. It boggles my mind the cognitive dissonance that is necessary to maintain that view.

cam

Freedom, liberty, equity and an Australian Republic
[ Parent ]

the minority lending thing is a red-herring by R343L (4.00 / 3) #10 Sat Oct 04, 2008 at 04:13:14 PM EST
  • Only 1/4 of subprime loans were issued by CRA banks (Michael Barr, testifying to Congress). CRA banks were told earlier on (2000) that subprime loans and other bad loans weren't acceptable (CRA banks can lose their CRA rating and its benefits if they violate regulations). Non-CRA banks and investment firms (and mortgage brokers) are not covered by the CRA (duh).
  • CRA banks tended to keep their loans rather than selling them (and the risk) off to another instutition.
  • Lower CRA enforcement occured in the 2000s. This coincides with an increase in bad (sub-prime, etc.) loans being issued (by all institutions). (Some details here by someone who used to work in thrift bank regulatory agency).
  • Blacks and hispanics do have greater rates of subprime mortgages. (Something like 50% of mortgages to blacks are subprime, 40% of latino mortgages, and 20% of white mortgages). This is probably just a sign of poverty: if you're poor and a mortgage broker (working for a CRA institution or not) offers you a loan that seem to let you buy a house, you might take it. This is irrelevant to CRA and entirely a matter of banks willing to issue bad loans (which as pointed out in the first bullet isn't limited at all to CRA banks).
As for Clinton pushing these regulations -- sure he supported them. Note however that the Republicans were in power in the legislature. If it was such a bad idea and the Republicans thought so, it would never have gotten to the President for his signature. The legislation in question is the Gramm-Leach-Bliley Financial Services Modernization Act (the same act also made changes to CRA). Note the names. The biggest thing criticized by many economists in this act was allowing the same institution to have its hands in many market -- previously a company was prohibited from being in investmant, banking and insurance at the same time. That change was pushed by the entire financial industry and was a favorite idea of Phil Gramm (he'd been trying to get a variant of this bill passed for a while). Clinton's major contributions to the bill just involved insuring that new institutions (and changes to institutions) under the act would be required to continue acting properly as CRA institutions (if they already were).

"There will be time, there will be time / To prepare a face to meet the faces that you meet." -- Eliot
[ Parent ]

Mexico holiday summary. | 11 comments (11 topical, 0 hidden) | Trackback