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1998 Mexican Fobaproa Funds Referendum
An unofficial referendum on use of Fobaproa funds was held in Mexico on 30 August 1998.Mexico, 30 August 1998: Use of Fobaproa funds Direct Democracy It was organised by the opposition Party of the Democratic Revolution (PRD), who proposed that only small- and medium-sized businesses would be compensated by the funds. Slightly over 97% voted in favour of the PRD's proposal, and the Chamber of Deputies
The chamber of deputies is the lower house in many bicameral legislatures and the ...
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Fobaproa
Fobaproa (''Fondo Bancario de Protección al Ahorro''; "Savings Protection Banking Fund", in Spanish) was a contingencies fund created in 1990 by the Mexican government, led by then dominant Institutional Revolutionary Party (PRI) to attempt to resolve liquidity problems of the banking system. The contingencies fund was applied in 1995 during the Mexican peso crisis to protect Mexican banks. In 1998, it was replaced by Instituto para la Protección al Ahorro Bancario (Bank Savings Protection Institute), Mexico's current deposit insurance agency. In the years following the peso crisis, Fobaproa and its resulting debt has become a subject of controversy in Mexican politics. Beneficiaries of the fund were companies favored by the country's political leadership and were implicated in a number of corruption cases. The management of the Fobaproa funds drew significant criticism by Mexico's then two main opposition parties, the Party of the Democratic Revolution and the National Action ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mexico
Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatemala, Belize, and the Caribbean Sea; and to the east by the Gulf of Mexico. Mexico covers ,Mexico ''''. . making it the world's 13th-largest country by are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Party Of The Democratic Revolution
The Party of the Democratic Revolution (PRD, es, Partido de la Revolución Democrática, ) is a social democratic political party in Mexico. The PRD originated from the Democratic Current, a political faction formed in 1986 from the Institutional Revolutionary Party (PRI). The PRD was formed after the contested general election in 1988, which the PRD's immediate predecessor, the National Democratic Front, believed was rigged by the PRI. This sparked a movement away from the PRI's authoritarian rule. As of 2020, the PRD is a member of the Va por México coalition. Internationally, the PRD is a member of the Progressive Alliance. The members of the party are known colloquially in Mexico as ''Perredistas''. History Early origins Break from the PRI (1986–1988) The PRD has its origins with the leftist members of the PRI, Institutional Revolutionary Party. The PRI had dominated Mexican politics since its founding in 1929. In 1986, a group of PRI members – including Ifigen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chamber Of Deputies Of Mexico
The Chamber of Deputies (Spanish: ''Cámara de Diputados'', ) is the lower house of the Congress of the Union, the bicameral parliament of Mexico. The other chamber is the Senate. The structure and responsibilities of both chambers of Congress are defined in Articles 50 to 70 of the constitution. History Bicameral legislature, including the Chamber of Deputies, was established on 4 October 1824. Unicameral Congress was in place from 7 September 1857 to 13 November 1874. After being drafted, one copy of the Declaration of Independence of the Mexican Empire was given to the Provisional Governmental Board, which was later put on display in the Chamber of Deputies until 1909, when fire destroyed the location. Composition The Chamber of Deputies is composed of one federal representative (in Spanish: ''diputado federal'') for every 200,000 citizens. The Chamber has 500 members, elected using the parallel voting system. Elections are every 3 years. Of these, 300 "majority deputie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1998 Referendums
1998 was designated as the ''International Year of the Ocean''. Events January * January 6 – The ''Lunar Prospector'' spacecraft is launched into orbit around the Moon, and later finds evidence for frozen water, in soil in permanently shadowed craters near the Moon's poles. * January 11 – Over 100 people are killed in the Sidi-Hamed massacre in Algeria. * January 12 – Nineteen European nations agree to forbid human cloning. * January 17 – The ''Drudge Report'' breaks the story about U.S. President Bill Clinton's alleged affair with Monica Lewinsky, which will lead to the House of Representatives' impeachment of him. February * February 3 – Cavalese cable car disaster: A United States military pilot causes the deaths of 20 people near Trento, Italy, when his low-flying EA-6B Prowler severs the cable of a cable-car. * February 4 – The 5.9 Afghanistan earthquake shakes the Takhar Province with a maximum Mercalli intensity of VII (''Very strong''). With up to 4, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1998 In Mexico
Events in the year 1998 in Mexico. Incumbents Federal government * President: Ernesto Zedillo * Interior Secretary (SEGOB): Emilio Chuayffet (until 3 January); Francisco Labastida (from 21 May) * Secretary of Foreign Affairs (SRE): María del Rosario Green Macías * Communications Secretary (SCT): Carlos Ruiz Sacristán * Secretary of Defense (SEDENA): Enrique Cervantes Aguirre * Secretary of Navy: José Ramón Lorenzo Franco * Secretary of Labor and Social Welfare (STPS): José Antonio González Fernández * Secretary of Welfare: Carlos Rojas Gutiérrez/Esteban Moctezuma * Secretary of Public Education: Miguel Limón Rojas * Tourism Secretary (SECTUR): Óscar Espinosa Villarreal * Secretary of the Environment (SEMARNAT): Julia Carabias Lillo * Secretary of Health (SALUD): Juan Ramón de la Fuente Supreme Court * President of the Supreme Court: José Vicente Aguinaco Alemán Governors * Aguascalientes **Otto Granados Roldán, (Institutional Revolutionary Party, PRI), unt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Referendums In Mexico
A referendum (plural: referendums or less commonly referenda) is a direct vote by the electorate on a proposal, law, or political issue. This is in contrast to an issue being voted on by a representative. This may result in the adoption of a new policy or specific law, or the referendum may be only advisory. In some countries, it is synonymous with or commonly known by other names including plebiscite, votation, popular consultation, ballot question, ballot measure, or proposition. Some definitions of 'plebiscite' suggest it is a type of vote to change the constitution or government of a country. The word, 'referendum' is often a catchall, used for both legislative referrals and initiatives. Etymology 'Referendum' is the gerundive form of the Latin verb , literally "to carry back" (from the verb , "to bear, bring, carry" plus the inseparable prefix , here meaning "back"Marchant & Charles, Cassell's Latin Dictionary, 1928, p. 469.). As a gerundive is an adjective,A gerundi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
August 1998 Events In Mexico
August is the eighth month of the year in the Julian and Gregorian calendars, and the fifth of seven months to have a length of 31 days. Its zodiac sign is Leo and was originally named '' Sextilis'' in Latin because it was the 6th month in the original ten-month Roman calendar under Romulus in 753 BC, with March being the first month of the year. About 700 BC, it became the eighth month when January and February were added to the year before March by King Numa Pompilius, who also gave it 29 days. Julius Caesar added two days when he created the Julian calendar in 46 BC (708 AUC), giving it its modern length of 31 days. In 8 BC, it was renamed in honor of Emperor Augustus. According to a Senatus consultum quoted by Macrobius, he chose this month because it was the time of several of his great triumphs, including the conquest of Egypt. Commonly repeated lore has it that August has 31 days because Augustus wanted his month to match the length of Julius Caesar's July, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
