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What can the U.S. do to thwart Mexican drug cartels?

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What’s happening

An apparent case of mistaken identity led to the deaths of two Americans and a local bystander in a Mexican border town earlier this month, reigniting an intense debate over what the United States can do to stem drug cartel violence that’s plagued its southern neighbor and also caused immense suffering north of the border.

The Gulf cartel, which effectively controls the border city of Matamoros, where the attack took place, appears to have taken the rare step of apologizing and turned over to local authorities five of its members it claims are responsible.

The deaths of Americans drew excess attention to this recent incident in the U.S., but the reality is that cartel-related violence has been a constant threat to local citizens across several regions of Mexico for years. The country has seen an estimated 360,000 homicides since 2006, when the Mexican government declared a war on drugs. As of 2018, drug cartels controlled as much as 20 percent of Mexican territory, according to a report citing a classified government analysis. The U.S. State Department currently has a Do Not Travel advisory, the strongest possible warning it issues, placed on six states in Mexico due to the threat of kidnappings and killings.

While Americans are occasionally the victims of cartel violence in Mexico and on U.S. soil, the greatest harm cartels inflict in America is the result of the drug trade itself. Mexican cartels are believed to be the primary suppliers of fentanyl to America. The incredibly potent synthetic opioid that was responsible for two-thirds of the record 107,000 U.S. overdose deaths in 2021.

Why there’s debate

Several Republicans have responded to the recent killings by calling for the U.S. to use military force against Mexican drug cartels. While that is extremely unlikely, it’s consistent with a popular view among conservatives that America needs to be much more aggressive in directly combatting the cartels, rather than relying on Mexico’s government to lead the effort. A popular proposal on the right is for the U.S. to designate the cartels as terrorist organizations, a step that could theoretically give America more authority to counteract the group’s activities both in Mexico and at home.

Others say the Biden administration needs to be more forceful when dealing with Mexican leadership, including current President Andrés Manuel López Obrador, who has championed a “hugs, not bullets” approach to cartels and recently claimed Mexico is not a source of fentanyl or a dangerous place to travel.

Critics of these ideas say that military intervention or an anti-terror approach are not only legally untenable, but would also create even more violence without meaningfully disrupting cartel activities. They argue that improving the relationships between U.S. and Mexican authorities, which are said to have unraveled in recent years, is the only way to build a coordinated response to the drug trade.

Many also say that the U.S. should focus on what it can control within its own borders, rather than trying to fix another country’s untenable problems. They argue that the best ways to weaken the cartels is to decrease American demand for the drugs that fund their operations, reduce the number of guns that make their way from the U.S. to Mexico and create an orderly immigration system that leaves less room for smuggling and human trafficking.

Perspectives

The U.S. can thwart the cartels by tackling problems at home that empower them

“The United States needs to resist the reflex to do things ‘over there’ to address threats to U.S. interests and focus instead on being a better neighbor. … Limiting the arms industry, by among other things restoring the assault weapons ban, is a critical starting point. So too is pouring greater resources into drug prevention and treatment to reduce the harm inflicted and profit extracted by fentanyl and other illicit drugs trafficked by drug cartels.” — Dan Restrepo, Dallas Morning News

Americans must stop acting as if the suffering of Mexican citizens doesn’t affect them

“This kidnapping is more than alarming. It’s a wake-up call to stop ignoring the horrific violence raging south of the border and dismissing it as Mexico’s problem. … It’s time to stop polarizing the border and the drug trafficking just to score political points and get serious about pooling resources to combat these problems. Our lives depend on it.” — Elvia Díaz, Arizona Republic

The two counties need to be allies, not adversaries, to curb the drug trade

“Mexico and the U.S. need to be partners. Reducing the violence will take cooperation in addressing root causes, and that includes who has access to weapons.” — Regina Lankenau, Houston Chronicle

The U.S. should stop treating Mexico’s leaders with kid gloves

“The Republican bluster about military action against the cartels is misguided, but it should also be clear that Mexico as a whole is not going to be a real ally to the U.S. in this crisis, as López Obrador has shown. Mexico is our largest trading partner and a regular recipient of U.S. aid. Perhaps those are the first things we should now be re-evaluating.” — Zachary Faria, Washington Examiner

A new approach is needed to respond to the emergence of fentanyl

“I have long been a critic of the War on Drugs, which has failed to stop the drug trade while creating a huge black market for ultraviolent cartels. … But the rise of synthetics and the sheer level of overdose deaths have rattled my thinking. … When cartels mainly moved cocaine and cannabis there was an argument, at least, that they were providing Americans with products they demanded. But with the perilous fentanyl, which some people take unwittingly, there is validity to the claim they are flooding poison over the border.” — Ioan Grillo, UnHerd

Targeted counterterror-style actions can derail cartel operations

“We don’t need another failed war on drugs that fills America’s criminal justice system with users and small-time dealers. What we need is a targeted, intelligent war on the Mexican drug cartels that are shipping weapons-grade poison into America’s communities, filling morgues with people in the primes of their lives.” — Bill Sternberg and Mary Bono, New York Daily News

The right’s anti-immigrant rhetoric does nothing to solve the problem

“There are no real winners here except for those politicians who have already used this tragedy as an opportunity to bang the drums of war. … These calls for a military operation are ludicrous, of course, but something tells me they’ll parlay these theatrics into a push for further militarization of our southern border. It is, after all, election season.” — Fidel Martinez, Los Angeles Times

Calls for military action are reckless and actively harmful

“Let’s be clear: It is not a good idea to send missiles or troops into Mexico to deal with the fentanyl problem. It is a violation of national sovereignty. It could spark a war with a neighbor and ally with a population of over 100 million. And past attempts to stamp out the drug trade using brute force [have not been] successful. (See: war on drugs, 20th century.)” — Zeeshan Aleem, MSNBC

Republicans’ chest thumping only makes it harder to convince Mexico to change its approach

“Mr. López Obrador’s security agenda is an easy target for his political opponents. But now threats from the American right are generating a sense of wounded national pride. Pressure on the president inside the country for bilateral cooperation has been undermined by what feels like gringo bullying — not to mention the lack of accountability for drug demand.” — Mary Anastasia O’Grady, Wall Street Journal

DEPARTMENT OF NEIGHBORHOODS WELCOMES COMPLETE COMMUNITIES UNIVERSITY CLASS OF SPRING 2023

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28 emerging leaders will explore strategies
for community empowerment
The Department of Neighborhoods (DON) is pleased to announce the Complete Communities University (CCU) Class of Spring 2023. Twenty-eight aspiring leaders from communities across Houston will participate in the eight-week leadership training course. Selected through a competitive application process, the participants represent City Council districts A through K and At-Large districts 1-4, including all 10 historically underserved communities receiving neighborhood revitalization services under Mayor Sylvester Turner’s Complete Communities initiative.

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 Complete Communities University Spring 2023 participants   

The course curriculum focuses on strategies for vitalizing communities by connecting residents to City services and resources, mobilizing civic action, building partnerships to address neighborhood concerns, engaging residents in volunteer public service and City affairs, and promoting voter participation.

The CCU spring session started March 8 and runs through April 26, with classes taking place virtually and in person on Wednesday evenings. CCU classes are conducted by DON staff with expertise in civic engagement and knowledge of Houston neighborhoods and feature presentations by City department and community subject experts.

“I am proud to welcome the participants of our Spring 2023 Complete Communities University and thank them for their interest in serving our city as leaders and advocates for positive civic action in our neighborhoods,” said Mayor Turner. “This is especially important for residents of underserved and under-resourced communities, and I am pleased that the spring 2023 CCU roster includes representatives of all ten Complete Communities. Our goal is to empower residents to make a positive difference in the neighborhoods they call home.”

“We are excited to announce our fourth CCU session and look forward to sharing knowledge and resources to help our aspiring leaders become effective agents of positive change in their communities,” said DON director TaKasha Francis. “Every neighborhood has its unique challenges and varying access to resources. The most dynamic assets of any community are the people who live those communities. Our goal is to provide the access and information we have to help leaders harness their power, get residents civically engaged, and be the change they want to see.”

CCU Spring 2023 Participants
Yusulf Benson – District A
Rachel Preston – District A
Tamara Boston Cooks – District B – Kashmere Gardens*
Ernestine Tizeno – District B – Kashmere Gardens*
Dischunara Brown – District B – Acres Home*
Barbara Aksamit – District C
Jaharrah Jackson – District C
Mary Sias – District D – Sunnyside*
Charleen Jones – District D – Sunnyside*
Shawn Owens Lemons – District D – Sunnyside*
Aiesha Odutayo – District D
Desmond J. Watley-Calloway – District D, Third Ward*
Paula F. Johnson – District D, Sunnyside*
Ericka Calvillo – District E
Timothy Luckey – District F, Alief-Westwood*
Corrie Morales-Kennelly – District G
Daja Gay – District G
Diana Davila Elizondo – District H, Near Northside*
Eric Jason Ross – District H, Kashmere Gardens*
Kendra Atkins – District I, Magnolia Park-Manchester*
Carolyn Henry – District I, Second Ward*
Jeanne Beckerman – District J, Gulfton*
Kimberly Burks – District K, Sunnyside*
Elisabeth Johnson – District K, Fort Bend Houston*
Patrick Osby – At-Large 1
Jamie Nicole Martin – At-Large 2
Karla Martinez – At-Large 3
Keisha M. Pete – At-Large 4
*Historically under-resourced and under-served neighborhood receiving revitalization services under Mayor Sylvester Turner’s Complete Communities initiative.

Solid Waste Management Department (SWMD) Neighborhood Depository & Recycling Centers’ Change Hours of Operations in Beginning of Daylight Savings Time

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Effective Tuesday, March 14, 2023, the City of Houston Solid Waste Management Department Neighborhood Depositories hours of operations will change at its six (6) Neighborhood Depositories & Recycling Centers to adjust with Daylight Savings Time. The locations listed below will be open Tuesday through Sunday, except city-approved holidays; from 10 a.m. to 7 p.m., Citizens are encouraged to arrive at least 30 minutes before closing to allow adequate time to unload.

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Houston residents may bring their recyclables or dispose of their Junk Waste at the following Depositories:

Each user must provide proof of residency, including a Texas Driver’s License or any other valid Texas ID and a current water/utility bill or city property tax receipt. The Depositories accept junk waste such as furniture, tree limbs, stoves, and other large appliances. Appliances containing refrigerant must have a tag attached to them certifying that a qualified technician has removed the refrigerant. Depositories will also accept up to 5 automobile tires per month per residential unit. A maximum of four cubic yards of building material (not to include roofing shingles, brick, and plaster) will be accepted; however, Depository ramps will not accommodate trailers over 16 feet long or four feet high.
All Depositories also accept recyclables. Materials accepted include tree waste, concrete, mattresses, aluminum and tin cans, plastic bottles and jugs (#1 – #5 and #7), newspapers and magazines, cardboard; glass bottles and jars, and used motor oil. Residents should bring recycling separated by material for easy drop-off. Clothing & shoes are accepted at the North and Southeast Depositories.

For more information about SWMD and our services, visit us at www.houstonsolidwaste.org, “LIKE” us on Facebook @houstonsolidwaste, follow us on Twitter @HoustonTrash, download our app HTX Collects on Google Play or IOS Store to Never Miss an Update again!  or call 3-1-1, 713.837.0311 the City of Houston’s Customer Service Helpline.

About the City of Houston Solid Waste Management Department
The Solid Waste Management Department (SWMD) provides solid waste services to the citizens of Houston through the collection, disposal, and recycling of discarded material in a safe, efficient, environmentally sound, and cost-effective manner.

La NASA presenta el traje lunar Artemis, la misión de carga SpaceX ISS y más

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Se espera que la próxima semana sea emocionante para los entusiastas de los cohetes, ya que hay no menos de siete lanzamientos programados en los próximos siete días. También es la semana en la que finalmente sabes cómo serán los trajes Luna Artemis de la NASA.

Terran 1, Electron, Falcon 9, estos son algunos de nuestros favoritos. Todos estos cohetes están listos para despegar esta semana, pero sigue siendo una pregunta abierta si todos tendrán la oportunidad de volar.

El segundo intento de lanzamiento de Terran 1 fue abortado el sábado, en preparación para un tercer intento a finales de esta semana, tal vez jueves. La startup de California busca hacer lo que ninguna empresa privada ha hecho antes: poner con éxito un cohete en órbita en su primer intento. También es único el empuje y la configuración del misil; El cohete alimentado con metano se fabrica principalmente con tecnología de impresión 3D.

Revelación del traje de Artemis Moon

Esta es la semana en la que finalmente podemos ver los trajes lunares que usarán los astronautas de la NASA durante la misión Artemis 3 planificada a la superficie lunar, actualmente programada para fines de 2025 a más tardar. Es casi imposible de creer, pero esta es la primera luna. trajes Ha sido diseñado y construido desde la era Apolo, por lo que estamos comprensiblemente emocionados. También esperamos quedar impresionados al ver lo que la NASA ha hecho anteriormente. Él dijo a cerca de ellos. Las unidades de movilidad extravehicular, o xEMU, están en proceso desarrollado Desarrollado por Axiom Space en asociación con la NASA. La gran revelación es programado para el miércoles a las 10:30 a. m. ET.

Misión SpaceX Cargo a la Estación Espacial Internacional

Un cohete Falcon 9 cargado con 5800 libras de carga y otros suministros está programado para despegar a las 8:30 p. m. ET del martes desde el Complejo de Lanzamiento 39A en el Centro Espacial Kennedy en Florida. b conocido Misión SpaceX CRS-27La entrega fletada por la NASA incluye suministros, equipos y experimentos científicos para la tripulación. Uno de los experimentos científicos más conocidos que se están realizando es una colaboración entre el Centro Nacional de Ciencias Traslacionales de los Institutos Nacionales de Salud y el Laboratorio Nacional de la ISS para el estudio. chips de tejido que imitan los órganos humanos. Crew Dragon permanecerá atracado en la Estación Espacial Internacional durante un mes, después de lo cual regresará con investigación y recarga.

Lanzamiento de varios continentes desde Rocket Lab

Rocket Lab se prepara para lanzamientos consecutivos Desde ubicaciones en los Estados Unidos y Nueva Zelanda. Misión de la empresa “Más fuertes juntos” Aparentemente tomar un vuelo no antes del martes., con un misil electrónico programado para despegar de las instalaciones de vuelo de Wallops en Virginia. El cohete intentará conectar dos satélites comerciales de radar de apertura a Capella Space.

Misión “El ritmo continúa” se ve bien para ir el miercoles en su complejo de lanzamiento en la península de Mahia en Nueva Zelanda. Para esta misión, impulsarás a Electron intentar Para conectar dos satélites de observación de la Tierra para BlackSky. Una subsidiaria de SpaceFlight Inc.

Más lanzamientos de Falcon 9

Un SpaceX Falcon 9 es específico para entregar SES-18 y SES-19, un par de satélites de comunicaciones construidos por Northrop Grumman, el viernes por la noche, con el lanzamiento del cohete desde SLC-40 en Cabo Cañaveral, Florida. Además, la compañía sumará a su impresionante constelación Starlink con Lanzamiento programado Desde otra constelación de satélites el jueves a las 2:05 p. m. ET. El Falcon 9 despegará de la Base de la Fuerza Espacial Vandenberg en California.

Hasta la fecha, SpaceX ha lanzado al espacio 4.053 satélites Starlink, de los cuales 3.709 están actualmente operativos, según Estadísticas Fue conservado por el astrónomo de Harvard-Smithsonian Jonathan McDowell.

La NASA hablará con la prensa sobre el nuevo presupuesto

El presidente Joe Biden le anunció nuevo presupuesto Para el año fiscal 2024 el jueves pasado, la agencia espacial dijo en declaración. a Conferencia de prensa Está programado para el lunes a la 1:00 p. m. ET, donde los funcionarios de la NASA dirán más sobre el tema y responderán las preguntas de los reporteros.

Former Trump lawyer Michael Cohen testifies to grand jury for three hours, will return Wednesday

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Donald Trump’s ex-personal lawyer Michael Cohen testified for three hours Monday to a Manhattan grand jury investigating the former president and will return Wednesday to answer more questions from prosecutors about a hush-money payment to a porn star that he arranged for Trump.

“Michael has spent a long and productive afternoon,” Cohen’s lawyer Lanny Davis told reporters outside Manhattan Criminal Court, NBC News reported.

Davis added that Cohen plans to return Wednesday afternoon to “complete his testimony.” The lawyer declined to go into detail about what Cohen told prosecutors.

Cohen, before entering the courthouse earlier Monday, told journalists that his “goal is to tell the truth,” not to engage in “revenge” against Trump.

“This is all about accountability. He needs to be held accountable for his dirty deeds,” Cohen said.

Cohen, who served for years as Trump’s attorney, paid $130,000 to porn star Stormy Daniels shortly before the 2016 presidential election to keep her quiet about an alleged sexual tryst with Trump.

The Trump Organization later reimbursed him for the payment but classified the disbursement as legal expenses. The mischaracterization is now the focus of the criminal investigation of the former president.

Cohen later pleaded guilty in Manhattan federal court to multiple crimes, including one related to the payoff to Daniels. He has since become an outspoken critic of Trump.

Trump declined an offer to testify to the grand jury investigating him, his lawyer said Monday.

Such an offer is common shortly before prosecutors seek indictments against the people extended the chance to testify.

Trump has denied having sex with Daniels and has condemned the investigation into the payoff. The probe is being conducted by the Manhattan District Attorney’s Office.

In a post on his social media site over the weekend, Trump said the late former Manhattan DA Robert Morgenthau would be “spinning in his grave if he were told that his Office was even thinking about bringing charges against the 45th President of the United States & leading Republican contender for the 2024 Nomination.”

Trump called the case a “Scam” led by Daniels, Cohen and Daniels’ ex-attorney Michael Avenatti, who is serving a federal prison sentence for defrauding clients.

Source: cnbc

Why Silicon Valley Bank collapsed and what it could mean

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Silicon Valley Bank collapsed with astounding speed on Friday. Investors are now on edge about whether its demise could spark a broader banking meltdown.

The US federal government has stepped in to guarantee customer deposits, but SVB’s downfall continues to reverberate across global financial markets. The government has also shut down Signature Bank, a regional bank that was teetering on the brink of collapse, and guaranteed its deposits.

In a sign of how seriously officials are taking the SVB failure, US President Joe Biden told Americans Monday that they “can rest assured that our banking system is safe,” adding: “We will do whatever is needed on top of all this.”

Here’s what you need to know about the biggest US bank failure since the global financial crisis.

A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank headquarters on March 10, 2023 in Santa Clara, California, United States.

Established in 1983, Silicon Valley Bank was, just before collapsing, America’s 16th largest commercial bank. It provided banking services to nearly half of all US venture-backed technology and life science companies.

It also has operations in Canada, China, Denmark, Germany, Ireland, Israel, Sweden and the United Kingdom.

SVB benefited hugely from the tech sector’s explosive growth in recent years, fueled by ultra-low borrowing costs and a pandemic-induced boom in demand for digital services.

The bank’s assets, which include loans, more than tripled from $71 billion at the end of 2019 to a peak of $220 billion at the end of March 2022, according to financial statements. Deposits ballooned from $62 billion to $198 billion over that period, as thousands of tech startups parked their cash at the lender. Its global headcount more than doubled.

Why did it collapse?

SVB’s collapse came suddenly, following a frenetic 48 hours during which customers yanked deposits from the lender in a classic run on the bank.

But the root of its demise goes back several years. Like many other banks, SVB ploughed billions into US government bonds during the era of near-zero interest rates.

What seemed like a safe bet quickly came unstuck, as the Federal Reserve hiked interest rates aggressively to tame inflation.

When interest rates rise, bond prices fall, so the jump in rates eroded the value of SVB’s bond portfolio. The portfolio was yielding an average 1.79% return last week, far below the 10-year Treasury yield of around 3.9%, Reuters reported.

At the same time, the Fed’s hiking spree sent borrowing costs higher, meaning tech startups had to channel more cash towards repaying debt. At the same time, they were struggling to raise new venture capital funding.

That forced companies to draw down on deposits held by SVB to fund their operations and growth.

What sparked the bank run?

While SVB’s problems can be traced back to its earlier investment decisions, the run on the bank was triggered Wednesday when the lender announced that it had sold a bunch of securities at a loss and would sell $2.25 billion in new shares to plug the hole in its finances.

That set off panic among customers, who withdrew their money in large numbers.

The bank’s stock plummeted 60% Thursday and dragged other bank shares down with it as investors began to fear a repeat of the global financial crisis a decade and a half ago.

By Friday morning, trading in SVB shares was halted and it had abandoned efforts to raise capital or find a buyer. California regulators intervened, shutting the bank down and placing it in receivership under the Federal Deposit Insurance Corporation, which typically means liquidating the bank’s assets to pay back depositors and creditors.

What about depositors and investors?

US regulators said Sunday that they would guarantee all SVB customers’ deposits. The move is aimed at preventing more bank runs and helping tech companies to continue paying staff and funding their operations.

The intervention does not amount to a 2008-style bailout, however, which means investors in the company’s stock and bonds will not be protected.

“Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out … and the reforms that have been put in place mean that we’re not going to do that again,” Treasury Secretary Janet Yellen told CBS in an interview Sunday.

“But we are concerned about depositors and are focused on trying to meet their needs.”

Will this trigger a banking crisis?

There are already some signs of stress at other banks. Trading in First Republic Bank (FRC) and PacWest Bancorp (PACW) was temporarily halted Monday after the shares plunged 65% and 52% respectively. Charles Schwab (SCHW) stock was down 7% at 11.30 a.m. ET Monday.

In Europe, the benchmark Stoxx Europe 600 Banks index, which tracks 42 big EU and UK banks, fell 5.6% in morning trade — notching its biggest fall since last March. Shares in embattled Swiss banking giant Credit Suisse were down 9%.

SVB isn’t the only financial institution whose investments into government bonds and other assets have fallen dramatically in value.

At the end of 2022, US banks were sitting on $620 billion in unrealized losses — assets that have decreased in price but haven’t been sold yet, according to the FDIC.

In a sign that regulators have concerns about wider financial chaos, the Fed said Sunday that it would make additional funding available for eligible financial institutions to prevent the next SVB from collapsing.

Most analysts point out that US and European banks have much stronger financial buffers now than during the global financial crisis. They also highlight that SVB had very heavy exposure to the tech sector, which has been particularly hard hit by rising interest rates.

“While SVB is a major failure, [it] and other niche players like Signature are quite unique in the broader banking world,” research analysts David Covey, Adrian Cighi and Jaimin Shah at M&G Investments commented in a blog post on Monday. “So unique, in our view, that it is unlikely to create material problems for any of the large diversified banks in the US or Europe from a credit point of view.”

Why did HSBC buy the UK business for £1?

HSBC stepped in Monday to buy SVB UK for £1 ($1.2), securing the deposits of thousands of British tech companies that hold money at the lender.

Had a buyer not been found, SVB UK would have been placed into insolvency by the Bank of England, leaving customers with only deposits worth up to £85,000 ($100,000) — or £170,000 ($200,000) for joint accounts — guaranteed

The HSBC rescue is “fantastic news” for the UK startup ecosystem, said Piotr Pisarz, the CEO of Uncapped, a financial tech startup that lends to other startups. “I think we can all relax a bit today,” he told CNN.

In a statement, HSBC CEO Noel Quinn said the acquisition “strengthens our commercial banking franchise and enhances our ability to serve innovative and fast-growing firms, including in the technology and life science sectors, in the UK and internationally.”

Source: cnn

Texas officials have told residents Mexico is too dangerous to visit for spring break

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The Texas Department of Public Safety has urged residents to avoid spring break travel to Mexico, warning that drug cartel violence and other crime pose a significant safety threat.

“We have a duty to inform the public about safety, travel risks, and threats,” said DPS Director Steven McCraw in a statement on Friday. “Based on the volatile nature of cartel activity and the violence we are seeing there; we are urging individuals to avoid travel to Mexico at this time.”

U.S. citizens who decide to travel to Mexico are encouraged to register with an embassy or consulate before they go, the Texas agency said.

The advisory follows the kidnapping of four Americans earlier this month in the Mexican city of Matamoros. The Americans were reportedly visiting for medical tourism when they were caught in the crossfire between rival cartel groups and abducted. Two of them were returned to the U.S., and two were found dead. A Mexican bystander was also killed.

One of the cartel groups in Matamoros apologized for the killings and handed over the men they say are responsible to the police.

Tamaulipas, the state where Matamoros is located, is considered one of the most violent places in Mexico.

The State Department’s most recent travel advisory, from October 2022, lists Tamaulipas as one of six Mexican states under a “Level 4: Do Not Travel” advisory for crime and kidnapping. There are seven more under “Level Three: Reconsider Travel.”

More than 500 Americans — and tens of thousands of Mexicans — remain missing in Mexico.

However, popular tourist destinations like Cancún, Cabo San Lucas and Mexico City have a much lower advisory of “Level 2: Exercise Increased Caution.” For comparison, the State Department has issued that advisory level for much of Western Europe, including France and the United Kingdom.

“DPS understands many people do travel to Mexico without incident, but the serious risks cannot be ignored,” the Texas DPS statement said. The department urged travelers to “carefully research any planned trips” and consider postponing or canceling upcoming trips to Mexico.

Source: kut

Joint Statement by Treasury, Federal Reserve, and FDIC

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The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg:

Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system. This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth.

After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.

We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority. All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer.

Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.

Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.

The U.S. banking system remains resilient and on a solid foundation, in large part due to reforms that were made after the financial crisis that ensured better safeguards for the banking industry. Those reforms combined with today’s actions demonstrate our commitment to take the necessary steps to ensure that depositors’ savings remain safe.

Source: federalreserve

The Best Dressed Women of the 2023 Oscars

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As anyone who loves fashion knows, clothes are about more than mere style; they communicate an abundance of stories, and that was certainly true of the Hollywood A-listers who walked the champagne-hued carpet at the 2023 Oscars. From romantic volume or sleek modernity to conveying messages both subtle and overt, the stars arriving at L.A.’s Dolby Theatre at Ovation Hollywood seemed to take a uniquely personal approach to their style this year.

The night’s best fashion ran the gamut from the grandeur of voluminous gowns in silk taffeta, notably a pair of Valentino gowns seen on Stephanie Hsu and Florence Pugh, to sleek looks in pale neutrals, including Ana de Armas in Louis Vuitton and Michelle Williams in Chanel. Elegant black gowns also ruled the night, with Danai Gurira’s Jason Wu design and Jenny Slate’s Thom Browne ensemble among the best. Winning details, meanwhile, ranged from rose accents to corset boning and a decided preference for vintage jewels.

Tribute ribbons also made an appearance as blue ribbons were worn by several stars to call attention to the UNHCR, the UN Refugee Agency, which coordinated the #WithRefugees ribbon as an emblem of solidarity with refugees forced to flee their homes. Cate Blanchett, a United Nations Goodwill Ambassador, and fellow nominee Brendan Gleeson were among those seen wearing the blue ribbons on Sunday night. Actress Shohreh Aghdashloo likewise chose to create a message close to her heart, wearing a pair of dresses — by Christian Siriano for the Oscars ceremony and by Kevan Hall for the Vanity Fair party — emblazoned with messages to honor the embattled women of Iran, her native country.

Which stars ultimately stood out amid the sea of Hollywood insiders? Here’s a rundown of the night’s most memorable looks. (See a list of the winners, and check out all of the star-studded Oscars red carpet arrivals.)

Angela Bassett in Moschino

Angela Bassett

Purple is the color traditionally associated with royalty, and best supporting actress nominee Angela Bassett indeed exuded a queenly vibe in a richly toned purple organza gown by Moschino, beautifully draped and featuring an exaggerated bow neckline. She finished the look with diamonds by Bulgari, including a high-jewelry Serpenti necklace, and shoes by Sarah Flint Heels.

 

 

 

 

 

 

Stephanie Hsu in Valentino

Stephanie Hsu

The news that the red carpet would be transformed to a champagne hue for the 2023 Oscars spawned a wealth of conversation, not all of it positive. And while the pale neutral indeed created a different framing for many looks, many stylists understood the assignment, including Wayman and Micah, stylists for nominee Stephanie Hsu. The actress’ bold pink strapless gown, from Valentino’s Spring/Summer 2023 Le Club Couture collection, was an outstanding choice against that pale carpet. Hsu’s look was finished with high-jewelry sapphire and diamond earrings and a diamond bracelet by Cartier.

 

 

 

 

Jenny Slate in Thom Browne

Jenny Slate
It would have been great to see more of Jenny Slate, co-writer and star of Marcel the Shell With Shoes On, not only because the best animated feature film nominee has reached beloved status, but also to get a better glimpse at her custom look by Thom Browne — a black silk faille corset and lace-up skirt, detailed with matching black bugle-bead boning and tuxedo seaming, and seen early on the carpet with a cropped, roped shoulder jacket. Perhaps most adorably: Slate carried Marcel with her, and the diminutive shell was also wearing a look by Browne. The actress and writer, meanwhile, finished her look with a dramatic emerald and diamond necklace by Gismondi 1754.

 

 

 

Malala Yousafzai in Ralph Lauren

Malala Yousafzai
An executive producer of short documentary film nominee Strangers at the Gate, Nobel laureate Malala Yousafzai embraced the glamour of the 2023 Oscars in a custom silver sequined gown by Ralph Lauren, accessorized with jewels by Santi and Fred Leighton.

 

 

 

 

 

 

 

Sofia Carson in Giambattista Valli Haute Couture

Sofia Carson
An early arrival on the 2023 Oscars carpet, Sofia Carson, who sang the Oscar-nominated song “Applause” during the telecast, exuded a sort of Audrey Hepburn-inspired elegance in a beautiful two-piece custom look by Giambattista Valli Haute Couture, consisting of a draped silk-chiffon crop top with twisted cutout bodice, paired with an asymmetrical waist ball-gown skirt. The neckline was perfect for showcasing a high-jewelry necklace by Chopard, featuring seven octagonal-shaped emeralds totaling 122.49 carats, surrounded by 92.57 carats of white diamonds, all set in Fairmined-certified white gold.

 

 

 

 

Danai Gurira in Jason Wu

Danai Gurira

The Black Panther: Wakanda Forever star looked equal parts regal and modern in an elegant strapless gown with a distressed neckline from Jason Wu’s Fall/Winter 2023 collection, accented with diamond jewels by Messika, including the diamond Divine Enigma choker used to highlight Gurira’s towering hairstyle.

 

 

 

 

 

 

Sandra Oh in Giambattista Valli Haute Couture

Sandra OhMarigold silk chiffon was a standout color choice for Sandra Oh, who took advantage of the flow and movement of this Giambattista Valli Haute couture empire-waist gown. And with vintage jewels among the night’s trends, Oh also wore one of the best necklaces seen at the 2023 Oscars: a circa-1980s Harry Winston piece featuring an oversized citrine as its center stone, courtesy of Briony Raymond.
Cara Delevingne in Elie Saab
Cara Delevingne
Currently on the April cover of Vogue, model and actress Cara Delevingne has been candid in that feature and other interviews about her conscious decision to concentrate on self-care after struggling with sobriety. That’s why it was so thrilling to see her looking nothing less than stunning at Sunday’s Academy Awards. Every element came together beautifully, starting with her crimson Elie Saab one-shoulder silk gown, which featured an impeccable fit and perfect details like the lush bow at her shoulder. Her Bulgari high jewels, including a Serpenti choker embellished with 62.85 carats of white diamonds, added the ideal splash of sparkle, while her smoky eye and slicked-back hair completed a head-to-toe look that everyone was talking about on social media.

 

Rihanna in Alaïa

Rihanna
Unsurprisingly, Rihanna created a frenzy on social media when she arrived at the 2023 Oscars in a custom look by Alaïa, a black leather-band dress worn over a black jersey bodysuit. A best song nominee for “Lift Me Up” from Black Panther: Wakanda Forever, Rihanna accessorized her look with jewels by Moussaieff, including earrings in orangey brown and yellow diamonds and a ring highlighting an orangey brown diamond.

 

Florence Pugh in Valentino Haute Couture

Florence Pugh
Few looks sparked conversation on social media like Florence Pugh’s look by Valentino Haute Couture. Her empire top in greige-hued silk taffeta highlighted dramatic sleeves and a floor-length overskirt worn over black bike shorts, a design from Pierpaolo Piccioli’s Spring/Summer 2023 Le Club Couture collection. “It’s a bit romantic and a bit punk,” Pugh explained on the carpet. Her diamond jewels by Tiffany & Co., meanwhile, included a platinum and diamond necklace crafted to resemble the curves of an orchid.

 

 

 

 

Monica Barbaro in Elie Saab

Monica Barbaro
Also among the night’s early arrivals, Top Gun: Maverick actress Monica Barbaro opted for this two-tone silk gown by Elie Saab, an unusual color pairing of sky blue and eggplant — and that unique vibe, combined with the overskirt structure highlighted by a perfect bow at the waist, is precisely why it worked. Diamonds by Kwiat and Fred Leighton completed her look.

 

 

 

 

 

Ana de Armas in Louis Vuitton

Ana de Armas
Perhaps not anticipating the effect of the champagne-toned carpet, many attendees and their stylists planned pale looks, including best actress nominee Ana de Armas, who looked beautiful in a romantic gown by Louis Vuitton. Her custom silver silk organza mermaid gown featured a 3D degradé scalloped train. The Blonde star wore white gold and diamond earrings, a bracelet and ring by Louis Vuitton High Jewelry.

 

 

 

 

Michelle Williams in Chanel
Michelle Williams
A best actress nominee for The Fabelmans, Michelle Williams looked utterly ethereal in a custom design by Chanel: a white silk chiffon, cady and tulle embroidered bustier gown, worn with a silk tulle cape closed with a jeweled button. The embroidery on the dress and cape was inspired by a look from Chanel’s Spring/Summer 2023 haute-couture collection. Williams accented the dress and cape with diamonds set in platinum by Tiffany & Co.

 

Nicole Kidman in Armani Privé

Nicole Kidman

Rose embellishments were a trend at the 2023 Oscars, seen on everything from Halle Berry’s Tamara Ralph gown to the rose Oscar-winning screenwriter Sarah Polley wore on the lapel of her tuxedo. But for roses served with a bit of drama, no one did it better than presenter Nicole Kidman, whose custom Giorgio Armani Privé single-sleeved black gown featured oversized silver-beaded roses on the shoulder and at the waist of this design fully embellished with paillettes. Diamond jewelry by Harry Winston and a diamond watch from the Omega archives completed her look.

 

 

Michelle Yeoh in Dior Haute Couture

Michelle Yeoh
The night’s best-actress winner for her role in Everything Everywhere All at Once looked elegant and ethereal in a Dior Haute Couture gown crafted of feathers embroidered on ivory silk organza. Her diamond jewels by Moussaieff, meanwhile, included a necklace that was woven into Yeoh’s hair. A devout fan of Richard Mille watches, Yeoh also wore the brand’s RM 07-02 Sapphire timepiece, customized on a white strap to match her gown.

 

Jamie Lee Curtis in Dolce & Gabbana

Jamie Lee Curtis
Corset boning was another big trend at the 2023 Oscars, and that included this Dolce & Gabbana gown worn by best supporting actress winner Jamie Lee Curtis. The blush-hued gown from the Italian label’s Alta Moda collection is fully hand-embroidered with Swarovski crystals and features exposed boning detailing.

 

 

 

 

 

 

 

 

Hong Chau in Prada

Hong Chau
On the pre-ceremony carpet, Hong Chau, a best supporting actress nominee for The Whale, noted that she asked Prada to amp up the details on her pink satin gown, requesting the designer extend the train embellished with fringes and black sequins, as well as add a Mandarin collar to the neckline, an homage to her heritage. Pearl and diamond jewels by Mikimoto and Panerai’s Luminor Due Luna watch completed her look.

 

 

 

 

 

 

Lady Gaga in Versace

Lady Gaga
Lady Gaga also wore a look that highlighted the night’s trend in corset boning, a gown that was fresh from Donatella Versace’s high-wattage show that premiered in Los Angeles just a few days prior to the 2023 Oscars. Gaga’s Tiffany & Co. jewelry included a diamond and platinum necklace from the house’s archives, estimated to have been produced between 1955 and 1965.

 

 

 

 

 

 

 

Halle Bailey in Dolce & Gabbana

Halle Bailey

The star of Disney’s upcoming live-action The Little Mermaid, Halle Bailey embraced every second of her princess moment in a custom turquoise tulle gown by Dolce & Gabbana, featuring a hand-pleated corset bodice and full skirt. Her diamonds by De Beers Jewellers included the Midnight Aura necklace from the house’s The Alchemist of Light collection, featuring 74.63 carats of diamonds.

Janelle Monaé in Vera Wang Haute

Janelle Monae

The recording artist and actress definitely understood the assignment, blending bold color with a dramatic silhouette in this custom look by Vera Wang Haute, crafted of a bustier in black velvet and a draped skirt in a brilliant orange silk charmeuse. Her jewels by Paris-based Reza included a diamond brooch set in platinum.

 

 

 

 

 

 

 

 

Jessica Chastain in Gucci

Jessica Chastain
A presenter for best actor and best actress, Chastain wore head-to-toe Gucci, starting with a custom gown crafted of silver sequins and crystals and finished with velvet trim and an extended velvet train. The actress’s Lionhead necklace from Gucci High Jewelry featured 80 carats of tsavorites and diamonds set in 18-karat white gold.

 

 

 

 

 

 

 

 

Margot Robbie in Giorgio Armani Privé

(L-R) Morgan Freeman and Margot Robbie
The Babylon star eschewed the pre-ceremony carpet and was first seen at the 2023 Oscars on the arm of fellow presenter Morgan Freeman. Robbie’s Giorgio Armani Privé off-the-shoulder column gown was among the designs fashion fans were thirsting to see up close and personal due to the black beading on the bodice and the tulle and crystal embroidery on the skirt. Robbie paired the gown with jewelry by Lorraine Schwartz, including a pair of earrings featuring 72 carats of emeralds and black jade.

 

Elizabeth Olsen in Givenchy

Elizabeth Olsen
The night’s plethora of grand gowns meant presenter Elizabeth Olsen indeed stood out in this bare halter gown by Givenchy. The actress’s black metal mesh dress was embellished with fringes and worn with a long black silk-organza skirt. Circa 1990s earrings and a ring in yellow gold and diamonds from the Cartier archives, as well as sandals by Giuseppe Zanotti, completed her look.

 

 

 

 

 

 

Andie MacDowell in Saint Laurent by Anthony Vaccarello and Rainey Qualley

Andie MacDowell and Rainey Qualley

The mother-daughter duo were chic in sleek black gowns. MacDowell’s asymmetrical draped Saint Laurent gown in black jersey is a $5,290 design currently available on the label’s website; the actress paired the look with pumps also by the French house, while her white diamond and gold jewelry was by Pomellato.

 

 

 

 

 

 

 

 

Fan Bingbing in Tony Ward

Fan Bingbing

Among the night’s earliest arrivals, Fan Bingbing undeniably set the tone for the evening when she stepped onto the carpet in a dramatic look by Tony Ward Couture, consisting of a silver beaded gown paired with a silk taffeta evening coat in a brilliant emerald. The color was carried through to statement jewels by Lorraine Schwartz, including earrings highlighting 85 carats of Colombian emeralds and diamonds.

 

Source: hollywoodreporter

The Best Dressed Men of the 2023 Oscars

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Can I get a drumroll, please? The day we’ve been waiting for is finally here—it’s Oscars night, baby!

There are some major names up for nominations tonight, and we expect major looks to match up to the magnitude of it all. It is, after all, the biggest night in Hollywood; if there was ever an occasion to dress to impress, it would be now. It’s been quite the year for the film industry, too, which is something to celebrate. We had movies to cry over this year, with titles like Everything Everywhere All At OnceThe Whale, and Aftersunbringing first-time nominations for many of the cast and crew. We had movies with protagonists to root against this year (looking at you, Tàr!) and movies with protagonists who we feel like we know as well as the back of our own hands (shoutout to Elvis, am I right?).

It’s been an overwhelmingly good year for movies, all leading up to tonight. Some will win, some will lose. Some may even get slapped, because, hey—you really never know. But before the awards can even go down, we’ve got to focus on the red carpet—a place where, no matter what happens inside, actors have a few minutes to shine, and the only way to lose is to wear a look that misses the mark entirely. But we’re not focusing on those guys, right now; we’re focusing on the very best menswear looks of the night, and these guys are sure as hell winners in our book.

95th annual academy awards arrivals

Paul Mescal

In Gucci

 

 

 

 

 

 

95th annual academy awards arrivals

Lenny Kravitz

In Saint Laurent

 

 

 

 

 

 

95th annual academy awards arrivals

Austin Butler

In Saint Laurent

 

 

 

 

 

 

95th annual academy awards red carpet

Alton Mason

95th annual academy awards red carpet

Kelvin Harrison Jr

In Dior

 

 

 

 

 

 

 

95th annual academy awards arrivals

Seth Rogen and Lauren Miller

Seth is in Brioni

 

 

 

 

 

 

 

95th annual academy awards arrivals

Samuel L. Jackson

In Giorgio Armani

 

 

 

 

 

 

 

95th annual academy awards arrivals

James Hong

95th annual academy awards arrivals

Harry Shum Jr.

In ADEAM and wearing an Omega watch

 

 

 

 

 

 

 

us entertainment film oscars award arrivals red carpet

Miles Teller and Keleigh Sperry

In Celine Homme and Celine

 

 

 

 

 

 

 

 

 

95th annual academy awards arrivals

Paul Dano

In Dolce & Gabbana

 

 

 

 

 

 

 

 

95th annual academy awards arrivals

Danny Ramirez

In Dior and wearing an Omega watch

95th annual academy awards arrivals

Questlove

 

 

 

 

 

 

 

 

95th annual academy awards arrivals

Justin Hurwitz

95th annual academy awards arrivals

Mo Brings Plenty

95th annual academy awards arrivals

Pedro Pascal

95th annual academy awards arrivals

John Cho

95th annual academy awards arrivals

Lorenzo Zurzolo

In Gucci

95th annual academy awards arrivals

Brendan Fraser

In a Giorgio Armani tuxedo and an Omega watch

 

 

 

 

 

 

 

 

the 95th annual academy awards red carpet

Marc Malkin

In Jack Victor, Zara, and The Tie Bar

 

 

 

 

 

 

 

 

95th annual academy awards arrivals

Lukas Dhont

95th annual academy awards arrivals

Lewis Pullman

Wearing a Montblanc watch

 

 

 

 

 

 

 

 

95th annual academy awards arrivals

Andrew Garfield

In Fendi Men’s and an Omega watch

 

 

 

 

 

 

 

 

95th annual academy awards arrivals

Idris Elba

In Gucci and a Gucci High Watchmaking watch

95th annual academy awards arrivals

Ke Huy Quan

In Giorgio Armani and an Omega watch