19 bodies hung from bridge or hacked up in Mexico gang feud

Agencies
August 9, 2019

Mexico City, Aug 9: Mexican police found nine bodies hanging from an overpass on Thursday alongside a drug cartel banner threatening rivals, and seven more corpses hacked up and dumped by the road nearby. Just down the road were three more bodies, for a total of 19.

The killing spree reported by prosecutors in the western state of Michoacan marked a return to the grisly massacres carried out by drug cartels at the height of Mexico’s 2006-2012 drug war, when piles of bodies were dumped on roadways as a message to authorities and rival gangs.

Two of the bodies hung by ropes from the overpass by their necks, half naked, and one of the dismembered bodies were women, Michoacan Attorney General Adriŕn Lūpez Solţs said at a news conference.

The victims in the city of Uruapan had been shot to death. Some were hung with their hands bound, some with their pants pulled down.

While the banner was not completely legible, it bore the initials of the notoriously violent Jalisco drug cartel, and mentioned the Viagras, a rival gang. “Be a patriot, kill a Viagra,” the banner read in part.

“This kind of public, theatrical violence, where you don’t just kill, but you brag about killing, is meant to intimidate rivals and send a message to the authorities,” said Mexico security analyst Alejandro Hope.

“This kind of cynical impunity has been increasing in Michoacan,” Mr. Hope added.

In one particularly brazen attack in May, a convoy of pickups and SUVs openly marked with the letters “CJNG” the Spanish initials of the Jalisco New Generation Cartel drove through the Michoacan city of Zamora at night, shooting up police vehicles and killing or wounding several officers.

Uruapan is where Mexico’s drug war first erupted in 2006, when members of the now-diminished La Familia cartel rolled five severed heads onto the floor of a dance hall.

What followed were eight years of terror in Michoacan, until farmers and ranchers rose up in an armed vigilante movement to drive La Familia and its successor cartel, the Caballero’s Templarios, out of the state.

The state attorney general said the killings discovered on Thursday appeared to be part of a turf war.

“Certain criminal gangs are fighting over territory, to control activities related to drug production distribution and consumption,” Lūpez Solţs said. “Unfortunately, this conflict results in these kinds of acts that justifiably alarm the public.”

Meanwhile, in another part of Mexico, an angry crowd beat and hanged seven suspected kidnappers, leaving some of their bodies dangling from trees, the national Human Rights Commission said Thursday night. The Puebla state government said police and soldiers were sent to the area to try to stop the attack, but villagers from the hamlets of Tepexco and Cohuecan kept them from intervening.

Late Thursday, authorities in the Gulf coast state of Veracruz reported that four dismembered male bodies had been found in 15 bags left along highways near the state’s border with Puebla. Veracruz is another battleground between the Jalisco cartel and other criminal groups.

For years, Mexican cartels had seemed loath to draw attention to themselves with mass public displays of bodies. Instead, the gangs went to great lengths to hide bodies, by creating clandestine burial pits or dissolving corpses in caustic chemicals.

But the Jalisco gang, which has gained a reputation for directly challenging authorities, appears to have returned to showy killings as a way to intimidate rivals.

In 2011, the then-smaller Jalisco cartel dumped 35 bodies on an expressway in the Gulf coast state of Veracruz. In 2012, the Zetas cartel left 49 decapitated bodies on a highway in northern Mexico, and later in the same year they strung nine bodies from an overpass and left 14 severed heads near the city hall.

Still, homicides dropped for a few years between 2012 and 2015, and many thought Mexico’s drug war was winding down. But homicides surged again last year and Mexico now has more murders than it did during the peak year of killings in 2011.

In the first half of 2019, Mexico set a record for homicides, with 17,608, up 5.3% compared to the same period of 2018. The country of almost 125 million people now sees as many as 100 killings a day nationwide.

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News Network
June 30,2020

Beijing, June 30: China said on Tuesday it was concerned about India’s decision to ban Chinese mobile apps such as Bytedance’s TikTok and Tencent’s WeChat and was making checks to verify the situation.

Chinese foreign ministry spokesman Zhao Lijian told reporters during a daily briefing that (the Prime Minister Narendra Modi-led government of) India has a responsibility to uphold the rights of Chinese businesses.

India on Monday banned 59, mostly Chinese, mobile apps in its strongest move yet targeting China in the online space since a border crisis erupted between the two countries this month.

The apps are “prejudicial to the sovereignty and integrity of India, the defence of India, the security of state and public order", the ministry of information technology said in a statement, which came two weeks after 20 Indian Army personnel were killed in a violent clash on the India-China border in Ladakh.

The companies have been invited to offer clarifications before a government panel, which will decide whether the ban can be removed or will stay.

The move also came ahead of military and diplomatic talks between India and China scheduled this week.

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News Network
April 21,2020

New York, Apr 21: Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don't want to get stuck owning crude with nowhere to store it.

Stocks were also slipping on Wall Street in afternoon trading, with the S&P 500 down 0.9%, but the market's most dramatic action was by far in oil, where benchmark U.S. crude for May delivery plummeted to negative $3.70 per barrel, as of 2:15 pm. Eastern time.

Much of the drop into negative territory was chalked up to technical reasons — the May delivery contract is close to expiring so it was seeing less trading volume, which can exacerbate swings. But prices for deliveries even further into the future, which were seeing larger trading volumes, also plunged.

Demand for oil has collapsed so much due to the coronavirus pandemic that facilities for storing crude are nearly full.

Tanks could hit their limits within three weeks, according to Chris Midgley, head of analytics at S&P Global Platts.

Benchmark U.S. crude oil for June delivery, which shows a more ”normal” price, fell 14.8% to $21.32 per barrel, as factories and automobiles around the world remain idled. Big oil producers have announced cutbacks in production in hopes of better balancing supplies with demand, but many analysts say it's not enough.

“Basically, bears are out for blood,” analyst Naeem Aslam of Avatrade said in a report. “The steep fall in the price is because of the lack of sufficient demand and lack of storage place given the fact that the production cut has failed to address the supply glut.”

Halliburton swung between gains and sharp losses, even though it reported stronger results for the first three months of 2020 than analysts expected. The oilfield engineering company said that the pandemic has created so much turmoil in the industry that it “cannot reasonably estimate” how long the hit will last. It expects a further decline in revenue and profitability for the rest of 2020, particularly in North America.

Brent crude, the international standard, was down $1.78 to $26.30 per barrel. .

In the stock market, the mild drops ate into some of the big gains made since late March, driven lately by investors looking ahead to parts of the economy possibly reopening as infections level off in hard-hit areas.

Pessimists have called the rally overdone, pointing to the severe economic pain sweeping the world and continued uncertainty about how long it will last.

The Dow Jones Industrial Average was down 364 points, or 1.5%, to 23,887. The Nasdaq was down 0.1%..

More gains from companies that are winners in the new stay-at-home economy helped limit the market's losses Amazon rose 1.4%, and Netflix jumped 3.8% as people shut in at home buy staples and look to fill their time. Clorox likewise rose toward a new record and was up 1% as households and businesses that remain open look to stay clean.

In Tokyo the Nikkei 225 fell 1.1% after Japan reported that its exports fell nearly 12% in March from a year earlier as the pandemic hammered demand in its two biggest markets, the U.S. and China.

The Hang Seng index in Hong Kong lost 0.2%, and South Korea's Kospi fell 0.8%.

European markets were modestly higher The German DAX was up 0.5%, the French CAC 40 was up 0.7% and the FTSE 100 in London gained 0.7%.

In a sign of continued caution in the market, Treasury yields remained extremely low. The yield on the 10-year Treasury slipped to 0.64% from 0.65% late Friday. It started the year near 1.90%. Bond yields drop when their prices rise, and investors tend to buy Treasurys when they're worried about the economy.

Stocks have been on a generally upward swing recently, and the S&P 500 just closed out its first back-to-back weekly gain since the market began selling off in February. Promises of massive aid for the economy and markets by the Federal Reserve and U.S. government ignited the rally, which sent the S&P 500 up as much as 28.5% since a low on March 23.

More recently, countries around the world have tentatively eased up on business-shutdown restrictions put in place to slow the spread of the virus.

But health experts warn the pandemic is far from over and new flareups could ignite if governments rush to allow ”normal” life to return prematurely.

The S&P 500 remains about 15% below its record high in February as millions more U.S. workers file for unemployment every week amid the shutdowns.

Many analysts also warn that a significant part of the recent recovery in stocks is due to the expectation among some investors that the economy will rebound sharply once economic quarantines are lifted. They're essentially predicting that a line chart of the economy will ultimately resemble the letter “V,” with a wild ride down but then a quick pivot to a vigorous recovery.

That may be to optimistic. “We caution that a U-shaped recovery is also quite likely,” where the economy bottoms out and stays at that low level for a while before recovering, strategists at Barclays warned in a recent report.

Without strong testing programs for COVID-19, businesses likely won't feel comfortable bringing back their full workforces for a while.

”With risk assets now overbought, the chance for a correction has increased,” Morgan Stanley strategists wrote in a report.

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Agencies
March 1,2020

Washington, Mar 1: Beginning April 1, Indians wishing to immigrate to America will now have to pay an additional $50,000 for the EB-5 or the US investor visa, a media report said.

Although, this additional tax would impact all visa categories, it will predominantly create a barrier for people investing in the EB-5 visa programme, the American Bazaar daily said in the report on Friday.

In 2019, the EB-5 investor visa programme, for the first time since the 1990's, increased the minimum investment amount to $900,000.

With this increase in minimum investment, the new 5 per cent additional tax would mean that applicants would have to pay the extra $50,000, when they move money to an escrow account in the US to fulfil their application criterion.

"The changes to the tax on remittances is a reminder to Indians to carefully plan their tax position before making the move to the US," the American Bazaar quoted Mark Davies, Global Chairman, Davies & Associates LLC, as saying.

"People seeking to emigrate who do not wish to pay this tax at source and rather account for it later may wish to move their money ahead of the new rules coming into effect.

"It is possible to pre-emptively move money into an escrow account in the US until such a time as they are ready to proceed with emigration process," he added.

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