Nov 29, 2018

Brother of Honduran president charged with drug trafficking

Juan Antonio Hernández, the brother of Honduras’ President. Photo: Orlando Sierra/AFP/Getty Images)

Prosecutors in New York charged the younger brother of Honduran President Juan Orlando Hernández on Monday for allegedly conspiring to import “multi-ton loads” of cocaine from Central America into the U.S., among other charges.

The big picture: Honduras suffers from high rates of crime and violence, and thousands of Hondurans are fleeing to seek asylum in the U.S. Now, the brother of the country's president is accused of playing a major part in that culture of crime. President Hernández has called it a "heavy blow for the whole family," per Reuters. "I hope the justice system gives him the room to defend himself, and as a family, we will do what we can to support him."

The details: U.S. Drug Enforcement Administration officials in a statement described Juan Antonio Hernández, a former member of the National Congress of Honduras, as a “large-scale drug trafficker who worked with other drug traffickers in, among other places, Colombia, Honduras, and Mexico" for more than a decade.

Officials also said in the indictment that Hernandez was involved in the processing and distribution of cocaine that arrived in Honduras by planes, “go-fast vessels, and, on at least one occasion, a submarine.” He even has his own cocaine brand and laboratories in Honduras and Colombia that stamped packets with the symbol “TH” for Tony Hernandez, prosecutors say. If convicted, he could face life in prison.

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Unemployment rate falls to 13.3%

Photo: Steve Jennings/Getty Images

The U.S. unemployment rate fell to 13.3% in May, with 2.5 million jobs gained, the government said on Friday.

Why it matters: The far better-than-expected numbers show improvements in a job market devastated by the coronavirus pandemic due to economies reopening, the government said.

The difficulty of calculating the real unemployment rate

Data: U.S. Department of Labor; Note: Initial traditional state claims from the weeks of May 23 and 30, continuing traditional claims from May 23. Initial PUA claims from May 16, 23, and 30, continuing PUA and other programs from May 16; Chart: Andrew Witherspoon/Axios

While economists predict that today's nonfarm payrolls report will show around 20 million Americans were unemployed in May, it's likely the real number is close to double that.

Why it matters: Traditional economic reports have failed to keep up with the devastation of the coronavirus pandemic and have made it nearly impossible for researchers to determine the state of the U.S. labor market or the economy.

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How coronavirus could reshuffle the sports calendar

Illustration: Eniola Odetunde/Axios

The NBA's Board of Governors approved Thursday the league's 22-team plan to resume play at Walt Disney World — a plan that also includes tentative dates for both this season and next.

Why it matters: The league's proposed trip to Disney World not only impacts this season but could have a domino effect that impacts seasons in the future — and could permanently change what time of year the NBA plays its games.