Thursday, January 22, 2009

Notes from Yesterday

The lower house of the Mexican Congress will formally debate the use of the death penalty. I don't think the return of capital punishment to Mexico is a good idea, and I don't think it's likely to be passed, but given its overwhelming popularity, a full hearing is certainly warranted.

Also, in happier news, unemployment dropped from 4.47 to 4.32 percent in December. That doesn't spell the end of the crisis (for a characteristically pessimistic take, check out yesterday's Rogelio Ramírez de la O column, where he laughs at the idea that the Mexican contraction will last a mere six months), but it's better than a rise in job losses.

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