Event
During the PRI years the administrative environment of PEMEX, the national oil company, was very corrupt because it was a monopoly, had no stock holders, a powerful union, and a complex structure that was hidden from the general public.
In 2001 it was discovered that funds from the workers union of PEMEX had been illegally directed to support the campaign of Francisco Labastida, the presidential candidate for the Institutional Revolutionary Party in the year 2000. Those thought responsible were not convicted although the party was fined $1,000 million (about USD $90 million). The press gave it the name 'Pemexgate', a portmanteau of PEMEX and Watergate.
Read more about this topic: Pemexgate
Famous quotes containing the word event:
“An event has happened, upon which it is difficult to speak, and impossible to be silent.”
—Edmund Burke (1729–1797)
“A miracle, my friend, is an event which creates faith. That is the purpose and nature of miracles. They may seem very wonderful to the people who witness them, and very simple to those who perform them. That does not matter: if they confirm or create faith they are true miracles.”
—George Bernard Shaw (1856–1950)
“All the philosophy, therefore, in the world, and all the religion, which is nothing but a species of philosophy, will never be able to carry us beyond the usual course of experience, or give us measures of conduct and behaviour different from those which are furnished by reflections on common life. No new fact can ever be inferred from the religious hypothesis; no event foreseen or foretold; no reward or punishment expected or dreaded, beyond what is already known by practice and observation.”
—David Hume (1711–1776)