House Speaker Emerita Nancy Pelosis message at the annual South by Southwest festival could be summarized in three words: Follow the money.
Pelosi uttered that specific phraseand similar versions of itseveral times during her interview with Evan Smith, a contributing writer at The Atlantic, as part of the magazines Future of Democracy summit this morning in Austin, Texas.
Pelosi, who represents Californias 11th congressional district, began by discussing the recent collapse of Silicon Valley Bank and the anxiety sweeping through not only her home district but the tech and financial industries as a whole. I dont think theres any appetite in this country for bailing out a bank, she said. What we would hope to see by tomorrow morning is for some other bank to buy the bank. She said there were multiple potential buyers, but she couldnt reveal their names. Pelosi pointed out that former President Donald Trump had authorized the reduction of certain Dodd-Frank protections that had been instituted following the 2008 financial crash: If they were still in place and the bank had to honor them, this might have been avoided, she offered. Rather than repeating our recent history and using taxpayer money to rescue the failed institution, Pelosi said the focus should be on protecting depositors and small businesses at risk of closing or not making payroll. We do not want contagion, she said.
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Pelosi pointed to moneythe reckless use and exploitation of itas the root of virtually every problem facing America and the world today. Whether the potential fallout of a failed bank like SVB or the rise of autocracy around the world, it all comes down to money, money, money, and little else. Money buying Russian oil is paying for the assault on democracy in Ukraine, Pelosi said. She accused China of buying votes from smaller countries at the United Nations, and said the U.S. must join with the European Union in using the leverage of this big market to have the playing field be more even.
Pelosi refused to say Trumps name even once during her one-hour session, referring to the 45th president instead by Whats his name under her breath. Still, she condemned the extremism and anarchy that had overtaken American politics since Trump began his rise nearly eight years ago. Her husband, Paul Pelosi, who was struck in the head with a hammer by a home invader last fall, joined her on todays trip to Texas, which was unusual, given that hes still recovering from the attack. I was the target, she said. He paid the price.
She spoke of the January 6 insurrection with sadness and disgustanarchists making poo-poo on the floor of the Capitoland acknowledged the rioters goal to put a bullet in her head that day. Her successor, Speaker Kevin McCarthy, recently gave a trove of January 6 material to Fox News in the name of governmental transparency. Foxs biggest star, Tucker Carlson, downplayed the severity of the Capitol storming in a broadcast last week. Something must be wrong with Tucker Carlson, Pelosi said. Theres money that runs a lot of it.
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Taking a brief conciliatory note, she said she was hoping for the best for McCarthy as he continues his first year as House speaker. We need to listen, and I hope that Kevin will listen to other than just the very radical, right-wing fringe of his party, she said, apparently gesturing at Trump and other election deniers. When asked about the prospect of Trump again becoming the GOP nominee in 2024, she was ready with a canned line: If he is, we impeached him twice, and hes gonna lose twice. (Left unsaid was that neither impeachment resulted in Trumps removal from office.)
As for President Joe Biden, Pelosi called him a magnificent leader and said that she certainly hopes he will run again. (She joked that hes younger than she is.) Nevertheless, Pelosi seemed slightly agitated that Biden had yet to formally declare his candidacy, leaving other potential candidates in the Democratic Party with few options. I think it would be efficient for us to have a president seek reelection, and we should be moving on with it when we can. Whatever decision he makes, wed like to know.
A family of five Spanish tourists, including three children, have been killed in a helicopter crash in New York City.
A New York City Hall spokesman identified two of those killed as Agustin Escobar, a Siemens executive, and Merce Camprubi Montal – believed to be his wife, NBC News reported.
The pilot was also killed as the aircraft crashed into the Hudson River at around 3.17pm on Thursday.
New York Police commissioner Jessica Tisch said divers had recovered all those on board from the helicopter, which was upside down in the water.
“Four victims were pronounced dead on scene and two more were removed to local area hospitals, where sadly both succumbed to their injuries,” she said.
Image: The helicopter was submerged upside down in the Hudson. Pic: Reuters
Image: A crane lifted out the wreckage on Thursday evening. Pic: AP
The Spanish president Pedro Sanchez called the news “devastating”.
“An unimaginable tragedy. I share the grief of the victims’ loved ones at this heartbreaking time,” he wrote on X.
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The aircraft was on a tourist flight of Manhattan, run by the New York Helicopters company.
Witnesses described seeing the main rotor blade flying off moments before it dropped out the sky.
Image: Agustin Escobar and Merce Camprubi Montal.
Pic: Facebook
Lesly Camacho, a worker at a restaurant along the river in Hoboken, said she saw the helicopter spinning uncontrollably before it slammed into the water.
“There was a bunch of smoke coming out. It was spinning pretty fast, and it landed in the water really hard,” she said.
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0:55
Witness saw ‘parts flying off’ helicopter
Another witness said “the chopper blade flew off”.
“I don’t know what happened to the tail, but it just straight up dropped,” Avi Rakesh told Sky’s US partner, NBC News.
Video on social media showed parts of the Bell 206 helicopter tumbling through the air and landing in the river.
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1:59
New York mayor confirms six dead
Image: The crash happened near Pier 40. Pic: AP
New York Mayor Eric Adams confirmed the six deaths and said authorities believed the tourists were from Spain.
He said the flight had taken off from a downtown heliport at around 3pm.
Image: Pic: Cover Images/AP
The crash happened close to Pier 40 and the Holland tunnel, which links lower Manhattan’s Tribeca neighbourhood with Jersey City to its west.
Tracking service Flight Radar 24 published what it said was the helicopter’s route, with the aircraft appearing to be in the sky for 15 minutes before the crash.
The Federal Aviation Administration and the National Transportation Safety Board have started an investigation.
A former ballerina who spent more than a year in a Russian jail for donating £40 to a charity supporting Ukraine has returned home to the US after being freed in a prisoner exchange.
Ksenia Karelina landed at Joint Base Andrews in Maryland at around 11pm, local time, on Thursday.
A smiling Ms Karelina was greeted on the runway by her fiance, the professional boxer Chris van Heerden, and given flowers by Morgan Ortagus, President Donald Trump’s deputy special envoy to the Middle East.
Image: Ksenia Karelina arrives at Joint Base Andrews. Pic: AP
Van Heerden said in a statement he was “overjoyed to hear that the love of my life, Ksenia Karelina, is on her way home from wrongful detention in Russia.
“She has endured a nightmare for 15 months and I cannot wait to hold her. Our dog, Boots, is also eagerly awaiting her return.”
He thanked Mr Trump and his envoys, as well as prominent public figures who had championed her case, including Dana White, a friend of Mr Trump and CEO of the Ultimate Fighting Championship (UFC).
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Ms Karelina, 34, a US-Russian citizen also identified as Ksenia Khavana, was accused of treason when she was arrested in Yekaterinburg, in southwestern Russia, while visiting family in February last year.
Investigators searched her mobile phone and found she made a $51.80 (£40) donation to Razom, a charity that provides aid to Ukraine, on the first day of Russia’s invasion in 2022.
She admitted the charge at a closed trial in the city in August last year and was later jailed for 12 years, to be served in a penal colony.
At a cabinet meeting on Thursday, Mr Trump, who wants to normalise relations with Moscow, said the Kremlin “released the young ballerina and she is now out, and that was good. So we appreciate that”.
Image: Ksenia Karelina is hugged by her boyfriend, Chris van Heerden. Pic: Reuters
Russian security services accused her of “proactively” collecting money for a Ukrainian organisation that was supplying gear to Kyiv’s forces.
The First Department, a Russian rights group, said the charges stemmed from a $51.80 donation to a US charity aiding Ukraine.
Washington, which had called her case “absolutely ludicrous”, released Arthur Petrov, who it was holding on charges of smuggling sensitive microelectronics to Russia, in the prisoner swap in Abu Dhabi.
Karelina was among a growing number of Americans arrested in Russia in recent years as tensions between Moscow and Washington spiked over the war in Ukraine.
Her release is the latest in a series of high-profile prisoner exchanges Russia and the US carried out in the last three years – and the second since Mr Trump took office.
White House national security adviser Mike Waltz said members of the Trump administration “continue to work around the clock to ensure Americans detained abroad are returned home to their families”.
An elite Mexican police officer from its so-called “Gringo Hunters” unit has been shot dead by a fugitive they were trying to arrest.
The dedicated team of elite officers follows and detains US criminals and suspects who are hiding in Mexico.
It had been trying to pin down a man in the northern Mexican border city of Tijuana, authorities said, when the man opened fire.
The head of the regional unit in Baja California state, 33-year-old Abigail Esparza Reyes, was hit in the shoot out.
Reyes, who had led the regional team for eight years and carried out more than 400 operations on US fugitives in Mexico, died from the injury.
Image: Pic: Reuters
Image: Pic: Reuters
According to local media reports, the target of the Gringo Hunters was Cesar Hernandez, a convicted murderer who escaped from a California courthouse in December.
Upon arriving for a court appearance, Hernandez managed to jump out of the van and run away, the California Department of Corrections and Rehabilitation confirmed at the time.
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He was serving an 80-year life sentence but could have become eligible for parole.
Following the shoot out in Mexico on Wednesday, Hernandez again managed to getaway, this time in disguise as a worker, local media reported.
Image: Pic: Reuters
For decades, suspects on the run in the US have crossed the border into Mexico.
In 2002 the Latin American country set up in cooperation with US law enforcement a dedicated squad to track down fugitives who cross the border.
The highly trained team has gained prominence in recent years and will be the subject of a new crime drama TV series expected on Netflix later this year.
Baja California state governor Marina del Pilar paid tribute to the killed police officer on social media.
“Abigail’s life will be honoured, and her death will not go unpunished,” she said.