Mexico Seizes Over 800 Tonnes Of Meth Chemicals

first_imgBy Dialogo July 25, 2011 Mexico’s army has made one of its biggest-ever drug busts, seizing a warehouse full of chemicals that experts say could have been used to make billions of dollars worth of methamphetamine. Just under 840 tonnes of the chemicals used for making methamphetamine were found in a warehouse in an industrial area in Queretaro, about 125 miles north of Mexico City, the Defense Ministry said in a statement. According to local media and a leading analyst, it was the largest seizure of meth chemicals since President Felipe Calderon launched an army-led crackdown on Mexico’s drug cartels shortly after taking office at the end of 2006. “This is the biggest seizure there’s been of precursor chemicals (in Mexico),” said Alberto Islas, a security expert at consultancy Risk Evaluation. It may even be the biggest seizure ever made worldwide, Islas added. The seizure in central Mexico, which the army conducted on Monday, included 787 tonnes of phenylacetamide and 52.5 tonnes of tartaric acid, all in 25 kilogram (55 pound) packets. Both chemicals can be used in the manufacture of meth, a stimulant that is smuggled across the U.S. border and sold in crystal or powder form. Government photos of the warehouse showed chemicals piled high in hundreds of white sacks, long rows of 200-liter (53-gallon) blue barrels, dozens of packing crates and a forklift truck. The ministry declined to say whether there had been any arrests. Islas said the size of the haul showed methamphetamine was being manufactured on an industrial scale in Mexico. If the seized chemicals were processed in a sophisticated lab they could yield nearly 3.5 million doses, which would have a street value in the United States of nearly $28 billion, Islas calculated on the basis of current market prices. Other estimates put the potential street value of the seizure at a minimum of $6 billion. Queretaro has not been a hotspot in the Mexican government’s fight against traffickers, which is mostly focused on states on the U.S. border in the north of the country.last_img read more

Think you’re selling financial products and services? Think again.

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Sample generic mission statement of ABC financial institution: Our bank/credit unit exists to serve the needs of our customers/members by utilizing the latest and greatest in financial products and services.Sorry for the delay — I read that and then instantly fell into an involuntary nap.The nap was great but is definitely a symptom of a greater problem, one your credit union or bank may struggle with. No, I’m not talking about the boring generic mission statement (although that is a common problem with banks and credit unions). Rather, I’m talking about the focus on financial products and services.Savings accounts. Checking accounts. Certificates of deposit. New and used car loans. Home mortgages. Lines of credit. Text banking.Zzzzzzz.Your financial products and services do matter. Your credit union or bank should offer the tools your consumers need to manage their financial lives.last_img read more