International

The Los Angeles fires caused losses of more than 30 billion in real estate

The devastating fires that devastated Los Angeles County for more than three weeks last January caused real estate losses that could exceed 30 billion dollars, according to an analysis published this Friday by the Los Angeles Times.

The report, which compares the assessments of the California Fire Department of Fire (CalFire), estimates that government agencies could suffer economic damage of $61 million or more per year while the areas affected by the Palisades and Eaton fires, the two most virulent foci, are rebuilt.

The fires destroyed structures in 56% of all properties that make up the wealthy Pacific Palisades neighborhood, while almost half of the properties in Altadena, the most affected by the Eaton flames, were reduced to ashes, LA Times added.

Among the more than 16,000 structures affected by the fires were at least 79 single-family homes valued at more than 10 million dollars in this neighborhood, while more than 2,400 homes in Altadena, Los Angeles, amounted to over 1.5 million dollars, the document specified.

Although the study estimates losses of $22 billion in Palisades and another $7 billion in Altadena in homes classified by the authorities as “destroyed or damaged by up to 50%”, these data are only a fraction of the total cost of the worst forest fire disaster in the region, estimated at up to 272 million dollars.

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The fire wave, which began on January 7 and took more than three weeks to completely extinguish, left at least 29 dead, 150,000 evacuated, more than 16,000 structures destroyed, and will go down in US history as one of the most expensive natural disasters.

Central America

Nicaragua revokes legal status of 10 more NGOs, bringing total to over 5,600

The Nicaraguan government canceled the legal status of 10 more non-profit organizations on Friday (March 28, 2025), including the Swiss Foundation for Development Cooperation, bringing the total number of non-governmental organizations (NGOs) shut down since December 2018 to over 5,600.

According to the Ministry of the Interior, the Swiss Foundation for Development Cooperation, which had been registered since March 9, 2002, was found to be in non-compliance for failing to report its financial status for 2024 and for having an expired board of directors.

Among the 10 NGOs whose legal status was revoked were religious organizations, educational groups, consumer associations, and aquaculture organizations, all dissolved “voluntarily” or closed under similar reasons.

As of today, more than 5,600 NGOs have been dismantled following the popular protests that erupted in April 2018 in Nicaragua. In most cases, the assets of these organizations have been ordered to be transferred to the state.

International

Marco Rubio warns Venezuela against military action against Guyana

U.S. Secretary of State Marco Rubio warned Venezuela on Thursday that a military attack on Guyana would be “a big mistake” and “a very bad day for them,” expressing his support for Georgetown in its territorial dispute with Caracas.

“It would be a very bad day for the Venezuelan regime if they attacked Guyana or ExxonMobil. It would be a very bad day, a very bad week for them, and it would not end well,” Rubio emphasized during a press conference in Georgetown alongside Guyanese President Irfaan Ali.

International

Ecuador oil spill worsens as containment dam collapses

The collapse of a containment dam holding back part of the 25,000+ barrels of oil spilled from a pipeline rupture nearly two weeks ago has worsened the environmental crisis in northwestern Ecuador, contaminating rivers and Pacific beaches.

The Ecuadorian government attributed the March 13 pipeline rupture—which led to the spill of 25,116 barrels of crude—to an act of sabotage. The spill affected three rivers and disrupted water supplies for several communities, according to authorities.

On Tuesday, due to heavy rains that have been falling since January, a containment dam on the Caple River collapsed. The Caple connects to other waterways in Esmeraldas Province, a coastal region bordering Colombia, state-owned Petroecuador said in a statement on Wednesday.

Seven containment barriers were installed in the Viche River, where crews worked to remove oil-contaminated debris. Additional absorbent materials were deployed in Caple, Viche, and Esmeraldas Rivers, which flow into the Pacific Ocean.

Authorities are also working to protect a wildlife refuge home to more than 250 species, including otters, howler monkeys, armadillos, frigatebirds, and pelicans.

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“This has been a total disaster,” said Ronald Ruiz, a leader in the Cube community, where the dam was located. He explained that the harsh winter rains caused river levels to rise, bringing debris that broke the containment barriersthat were holding the accumulated oil for extraction.