Background on Key Figures and Context
Mario Delgado, the current Secretary of Education (SEP) in Mexico, recently had a conversation with José Luis Rodríguez Zapatero, the former President of Spain. This discussion was leaked to the POL portal, indicating an intentional attempt to control its dissemination. The leak reflects confusion within the ruling party, with some suggesting that there is a lack of clear political direction.
Claudia Sheinbaum, the President of Mexico City, is praised for her efficient administrative control in preventing corruption scandals. However, the leaked version also points out that “little politics” is being done, implying a void in national governance.
Edgar Amador Zamora’s Remarks on Fiscal Policy
During his speech at the National Banking Convention, Edgar Amador Zamora, the Secretary of Finance and Public Credit (SHCP), addressed Mexico’s fiscal deficit. He explained that the deficit originated from excessive spending on large-scale projects during the previous administration.
Amador Zamora warned about “fiscal bootlegging,” the disparity between the value of imports and revenue at customs, which can lead to taxes on imports being up to 12% lower than their actual value. He suggested that once this issue is resolved, a discussion on potential tax reform could commence.
Papa León XIV’s Call for Social Justice
While various media outlets debate the agenda for the Catholic Church and its new leader, Pope León XIV emphasized a challenging agenda for social justice. He referenced Papa León XII’s Encyclical Rerum Novarum, written in response to the industrial revolution that created unjust working conditions.
Pope León XIV explained that nearly 150 years after the industrial revolution, technological advancements and artificial intelligence threaten millions of jobs. He expressed concern that social justice has been sidelined, leaving many workers uncertain about their future as their tasks could be replaced by computer programs.
Notas en Remolino (Whirlwind Notes)
Implied Commentary:
- Debt Discussion: Although President Claudia Sheinbaum has stated that abandoning Fobaproa debt payments is unfeasible, continuing the narrative against former President Zedillo seems futile. It appears that the U.S. President will soon need to acknowledge that border security is effectively in place, despite deporting only 38,000 individuals…
- Political Maneuvering: As elections approach in 2027, activities in Mexico City are intensifying. There’s uncertainty about how the reshuffling of political forces will unfold…
- Thomas Sowell’s Critique: At 95, the esteemed American scholar Thomas Sowell remarked that entrusting decisions to those who won’t bear the consequences of errors is difficult to imagine as both stupid and dangerous.
