The capture of the world’s most- wanted narcotics boss shows Mexico is making headway in a drug war that has curbed economic growth while helping to leave at least 92,000 people killed or missing since 2006.
Victor Hugo Barragan saw sales plummet 40 percent in the first nine months of 2010 at his homemade-ice-cream shop in Guadalupe, Mexico . A grenade blast that injured 14 people in the town’s central square in October - - the first drug-trafficking attack on the general public ever in this Monterrey suburb -- made a bad year even worse.
Mexican President Enrique Pena Nieto proposed taxes on capital gains, sugary drinks and the nation’s highest earners in a bid to wean the government of Latin America’s second-largest economy off its dependence on oil revenue.
JPMorgan Chase & Co., the bank that incurred a $6.2 billion trading loss last year, will elect Linda B. Bammann and Michael A. Neal to its board and named Lee R. Raymond as lead independent director, giving him more powers.