MEXICO CITY — Mexico’s armed forces captured the head of the Zetas drug cartel, the highest-ranking crime boss to fall since President Enrique Peña Nieto took office in December, the Interior Ministry said.Miguel Angel Trevino Morales, known as “Z 40,” was taken into custody near the northern border city of Nuevo Laredo by armed forces who intercepted his pickup truck with a helicopter at about 3:45 a.m. Monday morning, Deputy Interior Minister Eduardo Sánchez told reporters that night. The military detained Trevino, 40, unharmed along with a man who appeared to be in charge of cartel finances and a bodyguard, Sánchez said. Eight weapons and $2 million were seized during the operation.Trevino’s apprehension comes as Peña Nieto has pledged to use intelligence information to bring down drug-related violence that has left more than 60,000 dead since December 2006. Trevino, accused of orchestrating a mass killing of 265 migrants in northern Mexico, had succeeded Heriberto Lazcano, who was killed in a gun battle with police in October.“This investigation began with the start of Enrique Peña Nieto’s government,” Sánchez said. “It’s been a very significant work of intelligence.”The Zetas have perpetrated some of the most violent crimes in Mexico’s war against cartels, including massacres of immigrants passing through Mexico on their way to the U.S. and a casino fire that killed 52 in Monterrey in 2011.At the time of Lazcano’s death, Trevino Morales was widely seen as his successor. He and his brothers were also among 14 people indicted last year by a federal grand jury in Texas with laundering drug proceeds through an operation that bought, bred and raced quarter horses in the U.S.The Zetas, who were created by the Gulf Cartel to fight rival gangs, broke away from their former bosses and have gained power even as the Gulf Cartel has been weakened by deaths and arrests. The Zetas evolved from a group of deserters from the Mexican Special Forces.In May 2012, the Zetas were tied to the massacre of 49 people whose bodies were found dumped along a highway near Monterrey with their heads, hands and feet cut off.A banner left behind attributed responsibility to the group. The gang was also blamed for a mass grave with 72 bodies, believed to be undocumented migrants heading to the U.S., found near Texas in August 2010.The U.S. Embassy in Mexico City on Monday night sent an emailed statement congratulating Mexican authorities on the raid.“This is yet another advance by the people of Mexico in the dismantling of organized crime,” the embassy said.© 2013, Bloomberg News Facebook Comments No related posts.
Baby Boomers HOUSING Millennials mortgage Student Loan Debt 2017-05-30 Aly J. Yale Share Student loan debt isn’t just making it harder for millennials to own a home. According to data from Ameritech Financial, it’s also impacting the Boomer generation.New analysis from Ameritech, based on data from the New York Federal Reserve, shows that student loan debt has increased eight times for people aged 60 or older—all between 2005 and 2015 alone. Student debt increased five times for people between 50 and 59 and two times for those under the age of 30.According to Tom Knickerbocker, EVP of Ameritech Financial, these rising debts aren’t just making it harder for Baby Boomers to own a home; they’re also making it more difficult to save for retirement—a milestone just around the corner for many.”It’s alarming to see the amount of people preparing for retirement who have student loan debt increase like that,” Knickerbocker said. “Student loan repayment can be burdensome for anyone, but potentially more so for those in their 50s or 60s who are facing retirement and the financial challenges that can come from that.”While some Boomers acquire this increased debt by taking out loans to return to school, many also secure loans in their children’s or grandchildren’s stead to help them pay for college.“Parents helping their kids through college by taking on student loan debt are in uniquely vulnerable positions,” Ameritech reported. “Not only do they not see a return on the investment, but the potentially outrageous monthly payments can prevent them from staying afloat, especially when something bad happens.”Some parents even refinance their homes to assist their kids with college costs.“It’s hard to tell how much parents are borrowing in these cases,” Ameritech reported. “Many choose to mortgage their home instead of taking out student loans—a move that is smart but hard to track. Whether the debt is in the form of student loans or another mortgage, it is bad for retirement savings. Any money going into education costs is money taken away from retirement.”Boomers aged 60 to 64 are also more likely to be in default on those student loans. According to Ameritech, 12.6 percent in this age range are in default—a default rate higher than that of all borrowers under 40.“We’ve seen lots of reports come out about student loan debt influencing other financial decisions, whether that’s buying a home, starting a family or now retiring,” Knickerbocker said. May 30, 2017 683 Views in Daily Dose, Data, Headlines, Market Studies More Boomers Refinancing, Taking Out Student Loans
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