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Ernesto Zedillo Ponce De Leon
Ernesto Zedillo Ponce de León (; born 27 December 1951) is a Mexican economist and politician. He was 61st president of Mexico from 1 December 1994 to 30 November 2000, as the last of the uninterrupted 71-year line of Mexican presidents from the Institutional Revolutionary Party (PRI). During his presidency, he faced one of the worst economic crises in Mexico's history, which started only weeks after taking office. While he distanced himself from his predecessor Carlos Salinas de Gortari, blaming his administration for the crisis, and overseeing the arrest of his brother Raúl Salinas de Gortari, he continued the neoliberal policies of his two predecessors. His administration was also marked by renewed clashes with the EZLN and the Popular Revolutionary Army; the controversial implementation of Fobaproa to rescue the national banking system; a political reform which allowed residents of the Federal District (Mexico City) to elect their own mayor; the privatization of nationa ...
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Order Of Isabella The Catholic
The Order of Isabella the Catholic ( es, Orden de Isabel la Católica) is a Spanish civil order and honor granted to persons and institutions in recognition of extraordinary services to the homeland or the promotion of international relations and cooperation with other nations. The Order is open not only to Spaniards; it has been granted to many foreigners. The Order was created 1815 by King Ferdinand VII in honor of Queen Isabella I as the ''Real y Americana Orden de Isabel la Católica'' ("Royal and American Order of Isabella the Catholic") with the intent of "rewarding the firm allegiance to Spain and the merits of Spanish citizens and foreigners in good standing with the Nation and especially in those exceptional services provided in pursuit of territories in America and overseas." The Order was reorganized by royal decree on 26 July 1847, with the name "Royal Order of Isabella the Catholic", reflecting the loss of the mainland possessions in the Americas after the Spanish ...
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Bachelor Of Arts
Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four years, depending on the country and institution. * Degree attainment typically takes four years in Afghanistan, Armenia, Azerbaijan, Bangladesh, Brazil, Brunei, China, Egypt, Ghana, Greece, Georgia, Hong Kong, Indonesia, Iran, Iraq, Ireland, Japan, Kazakhstan, Kenya, Kuwait, Latvia, Lebanon, Lithuania, Mexico, Malaysia, Mongolia, Myanmar, Nepal, Netherlands, Nigeria, Pakistan, the Philippines, Qatar, Russia, Saudi Arabia, Scotland, Serbia, South Korea, Spain, Sri Lanka, Taiwan, Thailand, Turkey, Ukraine, the United States and Zambia. * Degree attainment typically takes three years in Albania, Australia, Bosnia and Herzegovina, the Caribbean, Iceland, India, Israel, Italy, New Zealand, Norway, South Africa, Switzerland, the Canadian province o ...
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Rail Transport In Mexico
Mexico has a freight railway system owned by the national government and operated by various entities under concessions (charters) granted by the national government. The railway system provides freight and passenger service throughout the country (the majority of the service is freight-oriented), connecting major industrial centers with ports and with rail connections at the United States border. Passenger rail services were limited to a number of tourist trains between 2001, when Ferrocarriles Nacionales de México suspended service, and 2008, when Ferrocarril Suburbano de la Zona Metropolitana de México inaugurated Mexico's first commuter rail service between Mexico City and the State of Mexico. This is not including the Mexico City Metro, which started service in 1969. History Construction Mexico's rail history began in 1837, with the granting of a concession for a railroad to be built between Veracruz, on the Gulf of Mexico, and Mexico City. However, no railroad was ...
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Federal District (Mexico)
Mexico City ( es, link=no, Ciudad de México, ; abbr.: CDMX; Nahuatl: ''Altepetl Mexico'') is the capital and largest city of Mexico, and the most populous city in North America. One of the world's alpha cities, it is located in the Valley of Mexico within the high Mexican central plateau, at an altitude of . The city has 16 boroughs or ''demarcaciones territoriales'', which are in turn divided into neighborhoods or ''colonias''. The 2020 population for the city proper was 9,209,944, with a land area of . According to the most recent definition agreed upon by the federal and state governments, the population of Greater Mexico City is 21,804,515, which makes it the sixth-largest metropolitan area in the world, the second-largest urban agglomeration in the Western Hemisphere (behind São Paulo, Brazil), and the largest Spanish-speaking city (city proper) in the world. Greater Mexico City has a GDP of $411 billion in 2011, which makes it one of the most productive urban ...
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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 ...
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Popular Revolutionary Army
The Popular Revolutionary Army or Ejercito Popular Revolucionario is a leftist guerrilla movement in Mexico. Though it operates mainly in the state of Guerrero, it has conducted operations in other southern-Mexico states, including Oaxaca, Chiapas, Guanajuato, Tlaxcala and Veracruz. The EPR announced its existence on June 28, 1996 at the commemoration of the Aguas Blancas massacre one year earlier. Dozens of rebels, carrying AK-47 and AR-15 rifles, declared war against the Mexican government and read aloud the "Aguas Blancas Manifesto", as well as firing 17 shots into the air to pay respect to the 17 who died in the massacre. Political ideology The Popular Revolutionary Army advocates socialist peasant revolution. Subcomandante Marcos has distanced the EZLN from the EPR in his communiqués, largely because of the EPR activities in the state of Chiapas in the midst of peace talks in 1996 and 1997. The EPR though still asserts its support of the Zapatistas. The Popular Rev ...
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EZLN
The Zapatista Army of National Liberation (, EZLN), often referred to as the Zapatistas (Mexican ), is a far-left political and militant group that controls a substantial amount of territory in Chiapas, the southernmost state of Mexico. Since 1994, the group has been nominally at war with the Mexican state (although it may be described at this point as a frozen conflict). The EZLN used a strategy of civil resistance. The Zapatistas' main body is made up of mostly rural indigenous people, but it includes some supporters in urban areas and internationally. The EZLN's main spokesperson is Subcomandante Insurgente Galeano, previously known as Subcomandante Marcos (a.k.a. Compañero Galeano and Delegate Zero in relation to "the Other Campaign"). Unlike other Zapatista spokespeople, Marcos is not an indigenous Maya. The group takes its name from Emiliano Zapata, the agrarian revolutionary and commander of the Liberation Army of the South during the Mexican Revolution, and sees ...
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Neoliberalism
Neoliberalism (also neo-liberalism) is a term used to signify the late 20th century political reappearance of 19th-century ideas associated with free-market capitalism after it fell into decline following the Second World War. A prominent factor in the rise of conservative and libertarian organizations, political parties, and think tanks, and predominantly advocated by them, it is generally associated with policies of economic liberalization, including privatization, deregulation, globalization, free trade, monetarism, austerity, and reductions in government spending in order to increase the role of the private sector in the economy and society. The defining features of neoliberalism in both thought and practice have been the subject of substantial scholarly debate. As an economic philosophy, neoliberalism emerged among European liberal scholars in the 1930s as they attempted to revive and renew central ideas from classical liberalism as they saw these ideas diminish ...
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Raúl Salinas De Gortari
Raúl Salinas de Gortari (born August 24, 1946) is a Mexican civil engineer and businessman. He is the elder brother of Carlos Salinas de Gortari, the 53rd president of Mexico. Raúl Salinas de Gortari graduated from the Faculty of Engineering of the National Autonomous University of Mexico, as a civil engineer. He has a master's degree in Transportation Planning from the École Nationale Des Ponts Et Chaussees in Paris, and another one in Evaluation of Industrial Development Projects from the Université de Paris. Early life Raúl Salinas was the eldest son and one of five children of economist and government official Raúl Salinas Lozano and Margarita de Gortari de Salinas. Salinas's father served as President Adolfo López Mateos's minister of industry and commerce, but was passed over as the PRI's presidential candidate in favor of Gustavo Díaz Ordaz. On 18 December 1951, when he was five years old, he was playing with his younger brother Carlos, then three, and an eig ...
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Rabobank
Rabobank (; full name: ''Coöperatieve Rabobank U.A.'') is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands. The group comprises 89 local Dutch Rabobanks (2019), a central organisation (Rabobank Nederland), and many specialised international offices and subsidiaries. Food and agribusiness constitute the primary international focus of the Rabobank Group. Rabobank is the second-largest bank in the Netherlands in terms of total assets. A 2013 scandal resulted in a $1 billion fine for unscrupulous trading practices, which included the manipulation of LIBOR currency rates worldwide. Chief Executive Piet Moerland resigned immediately as a result. In terms of Tier 1 capital, the organisation is among the 30 largest financial institutions in the world. As of December 2014, total assets amount to €681 billion with a net profit of €1.8 billion. ''Global Finance'' ranks Rabobank 25th in its survey of "the world's safest banks". His ...
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The Economist
''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average global print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further ...
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Mexican Peso Crisis
The Mexican peso crisis was a currency crisis sparked by the Mexican government's sudden devaluation of the peso against the U.S. dollar in December 1994, which became one of the first international financial crises ignited by capital flight. During the 1994 presidential election, the incumbent administration embarked on an expansionary fiscal and monetary policy. The Mexican treasury began issuing short-term debt instruments denominated in domestic currency with a guaranteed repayment in U.S. dollars, attracting foreign investors. Mexico enjoyed investor confidence and new access to international capital following its signing of the North American Free Trade Agreement (NAFTA). However, a violent uprising in the state of Chiapas, as well as the assassination of the presidential candidate Luis Donaldo Colosio, resulted in political instability, causing investors to place an increased risk premium on Mexican assets. In response, the Mexican central bank intervened in the for ...
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