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Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction will soon be unlocked because someone needs to build new AI centers

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Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction will soon be unlocked because someone needs to build new AI centers

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The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady

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Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar
PoliticsLatin America

‘Unprecedented escalation of lethal violence’: Ecuador’s murder rate has quadrupled since 2018

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Marcelo Rochabrun
Marcelo Rochabrun
and
Bloomberg
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Marcelo Rochabrun
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August 10, 2023, 3:51 PM ET
Lorena Villavicencio, sister of Ecuadorean presidential candidate Fernando Villavicencio, who was gunned down Wednesday, mourns on Thursday.
Lorena Villavicencio, sister of Ecuadorean presidential candidate Fernando Villavicencio, who was gunned down Wednesday, mourns on Thursday.GALO PAGUAY/AFP via Getty Images
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The assassination of a top presidential candidate put a prominent face on Ecuador’s rapid transformation into one of the planet’s most violent countries.

The South American nation’s homicide rate quadrupled from 5.8 per 100,000 people in 2018 to 26.7 last year, according to data from the Igarape Institute, a public security think tank in Rio de Janeiro. The sharp increase has made once-tranquil Ecuador, where drug cartels are now battling to control smuggling routes used to ship cocaine to the US and Europe, as deadly as Mexico and Colombia.

“Ecuador is registering an unprecedented escalation of lethal violence,” said Robert Muggah, a co-founder of the Igarape Institute. “The latest surge in homicides is due to increased competition between rival drug trafficking gangs.”

Fernando Villavicencio, a candidate in the presidential election scheduled for Aug. 20, was gunned down Wednesday as he left a campaign event in Quito, the capital. Six suspects have been arrested, while another died after exchanging fire with security officials.

President Guillermo Lasso declared a 60-day state of emergency and deployed troops across the Andean nation, tactics that have failed to stem the rise in homicides in the past.

The violence had already begun to spill into the political realm before Villavicencio’s murder. One mayor narrowly escaped an assassination attempt in May. A city councilman was murdered in June. Last month, a mayor and a congressional candidate were shot and killed in separate incidents.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
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