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Mexico looks to take over – Federal power v. State Power

The Wall Street Journal reports, that shortly before midnight, federal police took over the installations of state-owned Luz y Fuerza del Centro. This installation distributes power to some 25 million Mexicans in Mexico City and parts of four central states. President Calderón, stated that due to the economic crisis, Mexico could no longer afford the huge subsidies it took to keep Luz y Fuerza afloat . . . read more.

(also available in print in The Wall Street Journal, page A12.)

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