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What we know about the deadly Halloween disaster in Seoul | CNN

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What we know about the deadly Halloween disaster in Seoul | CNN


Seoul, South Korea
CNN
 — 

Most weekends, the slim alleys of Itaewon, the neon-lit nightlife district in South Korea’s capital Seoul, are busy with partygoers and vacationers. Now it’s the location of one of many nation’s worst disasters.

On Saturday evening, tens of 1000’s of individuals flooded into the realm in central Seoul to have a good time Halloween – however panic erupted because the crowds swelled, with some witnesses saying it grew to become exhausting to breathe and unimaginable to maneuver.

A minimum of 151 had been killed within the crush, with dozens extra injured. Authorities have now launched an pressing investigation to learn how what was purported to be an evening of celebration went so horribly improper, as households throughout the nation mourn and seek for lacking family members.

Right here’s what we all know to this point.

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Itaewon has lengthy been a preferred place to have a good time Halloween, particularly as the vacation grew to become extra fashionable in Asia lately. Some even fly into Seoul from different nations within the area for the festivities.

However for the previous two years, celebrations had been muted by pandemic restrictions on crowd sizes and masks mandates.

Saturday evening marked the primary Halloween because the nation lifted these restrictions – lending it explicit significance for a lot of keen members in Seoul, in addition to worldwide guests together with overseas residents and vacationers.

Motels and ticketed occasions within the neighborhood had been booked stable prematurely, and enormous crowds had been anticipated.

Witnesses informed CNN there was little or no – if any – crowd management earlier than the mass of individuals turned lethal.

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Movies and images posted to social media present individuals crammed collectively, standing shoulder to shoulder within the slim avenue.

Crowds aren’t uncommon for that space, or for Seoul residents, who’re used to jam-packed subways and streets in a metropolis of just about 10 million.

One eyewitness stated it took a while for individuals to appreciate one thing was improper, with individuals’s panicked screams competing with music blaring from the encircling golf equipment and bars.

After the primary emergency calls got here in round 10:24 p.m., authorities rushed to the scene – however the sheer quantity of individuals made it troublesome to achieve those that wanted assist.

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Video posted to social media confirmed individuals performing compressions on different partygoers mendacity on the bottom as they waited for medical help.

The 1000’s of individuals in Halloween costumes contributed to the widespread sense of confusion and chaos. One witness described seeing a police officer shouting in the course of the catastrophe – however some revelers mistook him for an additional partygoer.

The reason for the crush continues to be underneath investigation, although officers stated there have been no fuel leaks or fires on website.

The casualties had been younger, principally of their teenagers and early 20s, authorities stated. Recognized for its nightlife and classy eating places, Itaewon is fashionable amongst backpackers and worldwide college students.

Among the many 151 useless had been 19 overseas nationals, with victims from Iran, Norway, China, Thailand and Uzbekistan, in line with authorities.

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Greater than 90% of the victims have been recognized, South Korea’s Minister of Inside and Security Lee Sang-min stated on Sunday.

He added that about 10 individuals can’t be recognized, as some are underneath the age of 17 – too younger to carry a nationwide ID card – and others are overseas nationals.

As of two p.m. Sunday native time, Seoul authorities had acquired 3,580 lacking individuals reviews, stated town authorities. That quantity might embrace a number of reviews for a similar particular person, or reviews filed Saturday evening for individuals who have since been discovered.

Emergency services treat injured people in Seoul on October 30.

Lee Sang-min, Minister of the Inside and Security, stated on Sunday that “a substantial quantity” of police and safety forces had been despatched to a different a part of Seoul on Saturday in response to anticipated protests there.

In the meantime in Itaewon, the group had not been unusually massive, he stated, so solely a “regular” stage of safety forces had been deployed there.

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Because the catastrophe unfolded Saturday evening, greater than 1,700 emergency response forces had been dispatched, together with greater than 500 firefighters, 1,100 police officers, and about 70 authorities staff.

President Yoon Suk Yeol referred to as an emergency assembly and urged officers to establish the useless as quickly as attainable.

However even hours later, households had been nonetheless ready to seek out out if their family members survived.

Within the instant aftermath, many individuals had been transferred to close by amenities, whereas our bodies had been taken to a number of hospital mortuaries. Households gathered at websites close to the scene, the place officers had been compiling the names of the lacking and deceased.

Relatives of missing people weep at a community service center on October 30 in Seoul, South Korea.

Yoon promised to implement new measures to forestall related incidents from taking place once more, saying the federal government would “conduct emergency inspections not just for Halloween occasions but additionally for native festivals and totally handle them so they’re carried out in an orderly and protected method.”

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The federal government may also present psychological therapy and a fund for households of the deceased and injured. Authorities have declared a nationwide mourning interval till November 5, and designated the district of Yongsan-gu, the place Itaewon is situated, a particular catastrophe space.

seoul street vpx

This slim avenue was the scene of lethal incident in Seoul

As a shocked and grieving nation grapples with the tragedy, questions are additionally rising about how such a catastrophe might have unfolded in a preferred space the place individuals are identified to assemble.

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It’s exhausting to pinpoint what might need triggered the crush – however authorities “would have anticipated excessive numbers … earlier than Saturday evening,” stated Juliette Kayyem, a catastrophe administration knowledgeable and nationwide safety analyst for CNN.

“There’s a duty on the a part of the authorities to be monitoring crowd quantity in actual time, to allow them to sense the necessity to get individuals out,” she added.

Suah Cho, 23, was caught up within the crowd however managed to flee right into a constructing alongside the alley. When requested whether or not she had seen any officers attempting to restrict the variety of individuals coming into the alley, she replied: “Earlier than the incident, in no way.”

One other eyewitness described the state of affairs getting “worse and worse,” saying they may hear “individuals asking for assist for different individuals, as a result of there weren’t sufficient rescuers that may simply deal with all that.”

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Biden and Democrats seal judicial confirmation push to beat Trump’s tally

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Biden and Democrats seal judicial confirmation push to beat Trump’s tally

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Joe Biden has stamped his legacy on the federal bench after Senate Democrats raced to confirm more than 200 nominees to lifetime appointments in courts across the US, outpacing Donald Trump’s tally during his first presidency.

The number of Biden’s judicial nominees reached 235 as Congress ended its latest session last week, topping the 234 federal judges confirmed by Trump during his first term. It was the most judges appointed by a president during a single four-year term since the 1980s, Biden said in a statement.

As Biden’s presidency drew to a close, Democrats in the Senate — which is tasked with confirming federal judges — had pushed to secure as many confirmations as they could before control of Congress and the White House is ceded to Republicans next month.  

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They hope that this final dash will counter the wave of judicial confirmations during Trump’s first term that fundamentally reshaped the US judiciary, swinging courts at all levels to the right. 

Trump’s appointment of three Supreme Court justices also skewed the ideological scale of the country’s most powerful bench, splitting it 6-3 between conservative and liberal justices. 

Justices of the US Supreme Court. Trump appointed three members of the current bench, as opposed to one from Joe Biden © Olivier Douliery/AFP/Getty Images

The Supreme Court’s conservative majority has since handed down rulings that have reverberated across American society, including striking down a decision enshrining the constitutional right to an abortion — moves that in turn emboldened right-leaning judges in lower courts, many appointed by Trump, to rule in favour of conservative causes.

The growing boldness of the American judiciary coupled with an increasingly polarised political landscape have turned judicial appointments into a critical frontier of presidential power. Judges at all levels have the opportunity to weigh in on challenges to administrations’ rules and laws, providing a powerful check on controversial policies.

Democrats’ last-minute push, which started in the wake of Biden’s election loss in November, infuriated Trump. He called on the Senate to block Biden’s judicial nominations: “The Democrats are trying to stack the Courts with Radical Left Judges on their way out the door.”

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“There has been increasing polarisation around the appointment of federal judges,” said Paul Butler, professor at Georgetown Law. The Republican party has historically prioritised judicial picks — and Biden has taken a leaf out of that playbook, Butler added.

Biden’s appointments also stand out for their diversity, including what he described as “a record number of judges with backgrounds and experiences that have long been overlooked”.

Approximately two-thirds of confirmed judges are women and people of colour. Biden has appointed more Black women to US circuit courts than all previous presidents combined, and his sole Supreme Court nominee, Ketanji Brown Jackson, was the top court’s first Black woman.

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“Biden’s focus has been on remedying all of the decades where people other than straight white men weren’t considered for the bench,” said Butler.

Biden has also picked a record number of public defenders, more than 45, as well as labour and civil rights lawyers — at least 10 and more than 25, respectively — for the federal bench. 

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“It’s absolutely crucial for a thriving, multiracial democracy that there are judges who not only look like all of us, but who have studied and spent their careers understanding how the laws impact people’s lives,” said Lena Zwarensteyn, senior director of the fair courts programme at The Leadership Conference on Civil and Human Rights, a civil-rights group. 

The pendulum is set to swing back yet again. A new stream of conservative judicial appointments is expected once Trump returns to the White House next month and as Republicans take hold of the Senate.

“I’m incredibly proud of how the Senate Republican Conference worked as a team with former President Trump to shape the federal judiciary,” John Thune, the newly elected Republican Senate leader, said earlier this year. “I look forward to working with him to double down on our efforts during his next term in office.”

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Fox Star Is All For Trump Blowing $1.5 Trillion on Greenland: ‘Probably Will Pay Off’

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Fox Star Is All For Trump Blowing .5 Trillion on Greenland: ‘Probably Will Pay Off’
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MONEY WELL SPENT

Brian Kilmeade spoke to RNC Chair Michael Whatley about the president-elect’s plan—which Denmark says definitely won’t be happening.

Fox News host Brian Kilmeade and RNC Chair Michael Whatley on Fox News on December 23, 2024.
Fox News
Sean Craig

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Private equity investors trapped in China as top firms fail to find exit deals

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Private equity investors trapped in China as top firms fail to find exit deals

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The world’s biggest private equity groups have been unable to sell or list their China-based portfolio companies this year, as Beijing’s crackdown on initial public offerings and a slowing economy leave foreign investors’ capital trapped in the country.

Among the 10 largest global private equity groups with operations in China, there is no record of any having listed a Chinese company this year or fully sold their stake through an M&A deal, figures from Dealogic show.

It is the first year for at least a decade where this has been the case, though the pace of exits has been slow since Beijing introduced restrictions on Chinese companies’ ability to list in 2021.

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Buyout groups rely on being able to sell or list companies, typically within three to five years of buying them, in order to generate returns for the pension funds, insurance companies and others whose money they manage.

The difficulties in doing so have in effect left those investors’ funds locked away, with future returns uncertain.

“There’s a growing sense among PE investors that China may not be as systemically investable as once thought,” said Brock Silvers, chief executive of Hong Kong private equity group Kaiyuan Capital.

He said firms were facing “weakened exit strategies on multiple fronts” in China, including being affected by a slower economy and domestic regulatory pressure.

Many private equity groups expanded their presence in the world’s second-biggest economy as it grew rapidly over the past two decades. Global pension funds and others ploughed capital into the country, hoping to gain exposure to its economic boom.

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The 10 firms invested $137bn over the past decade, but total exits amount to just $38bn, Dealogic data shows. New investment by those groups has collapsed to just $5bn since the start of 2022.

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The pace of buyout groups’ exits from deals globally has also been slowing. It was down 26 per cent in the first half of this year, according to a report by S&P Global.

But the halt in China exits is particularly stark. It has helped make some pension funds that allocate cash to private equity groups warier of exposure to the country.

“In theory, you could buy cheaply [in China] now but you need to ask what would happen if you can’t exit or if you have to hold it for longer,” said a private markets specialist at a large pension fund that is not currently investing in the country.

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A senior executive at a major investment group that commits cash to private equity funds said they were “not expecting a lot of exits for the next couple of years at least” in China.

The data covers Blackstone, KKR, CVC, TPG, Warburg Pincus, Carlyle Group, Bain Capital, EQT, Advent International and Apollo, the 10 largest buyout groups by funds raised for private equity over the past decade, excluding those that have done no deals in China. The data does not include Blackstone real estate deals.

Private equity firms sometimes buy or sell companies without disclosing it, and any such exits may be missing from the data. The firms declined to comment.

The difficulty in cashing out has been one of the main factors deterring international buyout groups from making investments in the country, in addition to Sino-US tensions and the economic slowdown.

Jean Salata, founder of Barings Private Equity Asia, which Stockholm-based EQT bought in 2022, told the Financial Times in June that one reason the “bar is high” for China deals was that investors were asking: “How easy will it be to get liquidity on those investments five years from now?”

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Foreign buyout groups used to rely on taking Chinese companies public in the US or other countries in order to exit their investments after a few years. But Beijing has introduced new restrictions on offshore listings since cracking down on the ride-hailing app DiDi, in the wake of its New York IPO in 2021. Listings have slowed significantly since.

In total this year, there have been just $7bn of domestic IPOs in China as of late November, compared with $46bn last year, which was already the lowest total since 2019.

The crackdown has left buyout groups searching for other options, such as selling their stakes to domestic and multinational companies and to other buyout groups. But overseas buyers are sometimes reluctant, in part because of closer US political scrutiny of the mainland.

One of the few recent exits among the 10 firms came when Carlyle sold its minority stake in the Chinese operations of McDonald’s back to the US fast-food retailer last year.

In China’s boom years before the Covid-19 pandemic, there were dozens of exits through both listings and mergers and acquisitions, and foreign private equity played a much bigger role in driving mainland activity.

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Goldman Sachs chief executive David Solomon said at a Hong Kong conference in November that one of the reasons investors were “predominantly on the sidelines” over deploying funds in China was that “it’s been very difficult . . . to get capital out”.

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