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Honduras judge rules ex-president can be extradited to US on drug charges

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Honduras judge rules ex-president can be extradited to US on drug charges

A Honduran Supreme Court docket decide has dominated that former president Juan Orlando Hernández might be extradited to the US to face costs he took bribes from drug traffickers in trade for safeguarding them.

Police arrested Hernández at his residence within the capital Tegucigalpa final month, in response to a US extradition request that got here simply weeks after he left workplace. The previous president was named as a co-conspirator in a drug case in opposition to his brother, who was jailed final yr.

The US believes Hernández participated in a violent drug trafficking conspiracy for 18 years to ship cocaine to the US and take bribes. The previous chief has denied the fees.

Honduras has by no means rejected a US extradition request however some had raised doubts over whether or not the courtroom, whose judges have been appointed whereas Hernández was president, would grant this one.

The courtroom mentioned on Wednesday that Hernández would stay in custody. His lawyer Félix Ávila mentioned his shopper denied all the fees and would enchantment.

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“Extradition is a brutal mirror that displays harmful criminals and a lifeless and corrupt justice system,” Gabriela Castellanos, director of the Nationwide Anticorruption Council, wrote in Spanish on Twitter. “That’s the picture we’re seeing revealed tonight.”

Hernández, who first got here to energy in 2014 however was unpopular at residence by the point his second time period ended, is the primary former Latin American chief to be arrested and face extradition to the US on drug trafficking costs.

Hernández had beforehand been lauded by US authorities officers as an ally, even whereas he was being investigated by prosecutors.

Voters within the Central American nation elected leftwing candidate Xiomara Castro as president in November, overwhelmingly rejecting Hernández’s conservative Nationwide social gathering.

Kamala Harris, the US vice-president, attended Castro’s inauguration, with many seeing the brand new authorities as a possible US accomplice.

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Analysts have warned that drug cash has infiltrated deep into Honduran politics, main US prosecutors and plenty of native politicians to label the nation a “narco-state”.

“Very quickly we’ll welcome #coconspirator4 congratulations #Honduras,” US Congresswoman Norma Torres wrote in Spanish on Twitter following the courtroom’s ruling.

Castro took workplace in January and has vowed to be powerful on corruption and drug trafficking. The president has requested the UN to assist arrange an anti-graft fee within the nation.

The federal government has additionally taken emergency steps to attempt to put the nation’s public funds so as, officers mentioned.

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Palisades and Eaton Fires May Not Be Fully Extinguished for Weeks

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Palisades and Eaton Fires May Not Be Fully Extinguished for Weeks

It may take weeks or longer for firefighters to fully extinguish the two most destructive fires that have ravaged parts of the Los Angeles area, fire officials warned.

The sheer sizes of those blazes, the Palisades and Eaton fires, have presented a significant challenge. They have charred almost 40,000 acres combined and are still only partly contained.

Difficult weather conditions have also hindered efforts. David Acuna, a battalion chief with Cal Fire, said the persistence of strong winds, and the fact that fires were burning through homes, which can generate intense heat, made containment impossible when the blazes first ignited.

Crews have been trying to establish a boundary around the fires, using trenches, natural barriers and other methods to prevent further spread. But Capt. Erik Scott, a spokesman for the Los Angeles Fire Department, said, “It’s going to be a slow, arduous process.”

The emergence of smaller fires over the last week has further complicated efforts. Of particular concern was the Auto fire in Ventura County, northwest of Los Angeles, which grew to more than 50 acres before being contained. Officials worried about it breaking free again in windy conditions.

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These fires have required an immediate response from both air and ground crews to prevent them from growing, Mr. Acuna said, which diverts resources from the larger blazes.

Stopping the fires’ forward progress is only the first step. Firefighters must also extinguish all remaining flames inside the contained area.

Mr. Scott said this second part of the process would also take time. Among other steps, he said, firefighters need to use hand tools to scrape away brush near the burn perimeter and turn over smoldering piles to ensure nothing is hot enough to reignite.

These timelines are not unusual for large fires. In 2018, the Woolsey fire burned through nearly 100,000 acres in Los Angeles and Ventura counties, destroying over 1,600 structures. The fire ignited in early November and was not contained for two weeks. And it took until early January for the fire to be fully extinguished.

The Santa Ana winds that have repeatedly raised the fire danger over the last week have so far proven lighter than anticipated on Tuesday, but forecasters warn that wind speeds could increase on Wednesday. The region remains critically dry, with little rain expected in the near future. The combination of those elements is threatening to ignite more fires across Southern California, and could further hinder firefighters’ efforts.

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Erin McCann contributed reporting.

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Top BlackRock executive Mark Wiedman to depart

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Top BlackRock executive Mark Wiedman to depart

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Top BlackRock executive Mark Wiedman is departing, in a move that disrupts the asset manager’s planning for the eventual departure of founder Larry Fink, according to four people close to the company.

Wiedman had been widely discussed as a potential successor to Fink for more than a decade and had recently been one of the $11.5tn asset manager’s most prominent public faces as the head of its client business.

BlackRock’s board described him in as a regulatory filing last year as one of three “senior leaders who we believe will play critical roles in BlackRock’s future” as it granted him a special retention package.

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However, Wiedman, who led the integration and rapid growth of BlackRock’s flagship index and exchange traded fund business, has opted not to wait around. His departure is expected to be announced very shortly, the people said. He is forfeiting $8mn in stock options, according to the proxy.

Wiedman’s departure comes after the world’s largest asset manager embarked on a $28bn acquisition spree last year to bulk up its footprint in the fast-growing and lucrative alternative assets sector. The strategic moves not only put pressure on Fink, 72, to personally oversee their success, but also brought in a clutch of high-powered and high-paid executives who need to be carefully managed.

Fink, who has led BlackRock since its 1988 founding, is very popular with investors and is among the most influential figures in finance. But analysts and some within the firm have begun expressing concerns whether the slow pace of succession planning will drive the next generation of top talent to start going elsewhere. BlackRock president Rob Kapito, 67, is also a founder of the firm.

BlackRock declined to comment.

Wiedman is leaving almost exactly a year after Salim Ramji, another executive who was also once touted as a potential leader. Ramji became chief executive of Vanguard, BlackRock’s chief rival in the US and the world’s second-largest asset manager. Several other lower-ranking executives have also left in the past few years to take leadership jobs at smaller firms, including Daniel Gamba to Northern Trust and Zach Buchwald to Russell Investments.

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After Ramji left, the group touted its strong stable of current leaders, including Wiedman and two other executives who also received special option grants: chief operating officer Robert Goldstein and chief financial officer Martin Small.

“BlackRock is proud to have a record of our firm’s alumni going on to lead multiple investment management companies and financial institutions,” it has previously said.

A senior Wall Street figure with knowledge of the situation said “Larry [Fink] and Rob [Kapito] are not going anywhere. They just made a major acquisition and you have to see that through, [but] Wiedman is at an age where if he doesn’t make a move, he ages out of being a CEO.”

A lawyer by training, Wiedman joined BlackRock in 2004 after stints at the US Treasury and McKinsey. He started BlackRock’s financial markets advisory consulting arm, which helped central banks and government agencies dig through the rubble of the 2008 financial crisis.

Wiedman negotiated the 2009 purchase and integration of Barclays Global Investors, the deal widely seen as the most important in BlackRock’s history. He then headed up the resulting iShares business from 2011 to 2019 as it developed into a juggernaut in index and ETFs.

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Keenly interested in talent development, Wiedman recruited or promoted many of BlackRock’s top executives, including Small and Rachel Lord, who heads the international business.

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World News Live Today January 15, 2025: Donald Trump says to create new department to collect revenue from foreign sources on inauguration day

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World News Live Today January 15, 2025: Donald Trump says to create new department to collect revenue from foreign sources on inauguration day

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World News Live: Get real-time updates on international politics, economic changes, conflicts, and environmental issues. Access the latest breaking news and in-depth stories as they happen, keeping you informed of events shaping the world.

Latest news on January 15, 2025: Trump did not specify whether the new agency would replace collections of tariffs, duties, fees and fines by US Customs and Border Protection.

World News Live: Welcome to our World News live blog, your go-to source for instant updates on major events across the globe. Whether it’s political shifts, economic trends, environmental crises, or international conflicts, we deliver real-time reports to keep you informed and engaged with the latest global developments. Disclaimer: This is an AI-generated live blog and has not been edited by Hindustan Times staff.…Read More

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Jan 15, 2025 12:30 AM IST

US News Live : Donald Trump says to create new department to collect revenue from foreign sources on inauguration day

  • Donald Trump said in a social media post he would create the department on January 20, the day he takes office as president for a second term

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Jan 15, 2025 12:15 AM IST

US News Live : Speaker Johnson orders US Capitol flags raised to full height for Donald Trump’s inauguration

  • The Republican leader’s decision means that President-elect Donald Trump will not take the oath of office for his second term under a half-staff flag

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