18 July 2010

MEXICO: Recent Rains Inflicted Serious Economic Damage.

GPOST/       Recent rains from Hurricane Alex and Tropical Storm Bonnie have devastated the economy. Officials believe the weeks of rainy weather could rival Mexico’s 1985 earthquake as the costliest disaster in the nation’s history. The governor of Nuevo Leon state has asked the federal government for $1 billion to reconstruct it. Nuevo Leon accounts for 8% of Mexico’s total economy — even though it has only 4% of the population.