News Article

Ask Businesses to Temper Profits / Mexico Was a Narco-State

By Ricardo Guzman | Mon, 08/10/2020 - 12:03

Asks businessmen to temper profits. President López Obrador recognized businessmen who have not increased gasoline prices and who sell fuel at fair prices and without excessive profits. “The private sector should have profits, but that has to be reasonable and with no excessive gains,” he said. Alongside the head of the Consumer´s Protection Office (PROFECO), Ricardo Sheffield, the president recognized gasoline and LP gas distributors for being allies of consumers and highlighted that his administration won’t increase fuels prices “whatever happens.”

Mexico was a narco-state. President López Obrador said there was a narco-state in Mexico when Genaro García Luna was responsible for national security. “There was a discussion about a narco-state in Mexico and at the time I thought that is was not right. But now we are seeing this and it is possible to speak about a narco-state, since the government was taken,” he said. The president said new names were coming up in the investigation against the President Felipe Calderon administration’s minister of security who is accused of taking bribes from the Sinaloa Cartel.

Calls on parents, private schools to agree. Before the start of the next school year on Aug. 24, President López Obrador said families and private schools must agree on a reduction in tuition. “I think that the government must not intervene and let this be agreed between both parties.” He explained that only after this will some federal support or guidance be decided.

Ongoing medical equipment purchases. President López Obrador reiterated that in the face of the COVID-19 health emergency his administration continues to buy medical equipment to care for infected patients, adding that any supply shortage is out of the question. “We have the funds. Every week we review what is required for hospitals,” he said.



Click HERE for full transcript in Spanish

Ricardo Guzman Ricardo Guzman Editor