appointment

American sanctions on the Venezuelan Central Bank (BCV) have been relieved, generating a flurry of speculations over what is next for the financial sector and the broader economy. After the big news, Delcy Rodríguez announced the resignation of BCV President Laura Guerra on Thursday night. Guerra is the sister of Nicolás Maduro’s first wife, and the aunt of Nicolasito Maduro Guerra.

At least for now, the central bank will be led by Guerra’s former deputy, Luis Pérez-González, a name that is as underwhelming as any of his predecessors. Pérez has been a member of the BCV board since April 2025. Before that, his experience in monetary policy was nil. He was in charge of Carbones del Zulia and of “Monitoring and Control of Eco-mining Development” in Maduro’s Ministry of Mining. You can find him playing Frank Sinatra songs in his spare time.

It doesn’t look like this will be Delcy’s permanent pick.

Before diving into the immediate and medium term effect that recent developments could have, it is worth highlighting what the BCV’s actual purpose is and the spectacular failure that has driven the institution to near irrelevance. 

Ironically, Venezuelan law mandates the BCV to ensure price stability and preserve the value of the currency. We don’t have to go far back to remember the multiple zeros stripped from the bolívar after one of the longest hyperinflationary episodes in modern history, directly contradicting its constitutional mandate. After all, this is a central bank that went years without publishing any data, and when it resumed, it released incomplete figures, forcing economists to reconstruct years of missing information. It is the same BCV that despite its constitutional mandate did not make any counterbalance to the completely irresponsible fiscal policy of the Chávez and Maduro era, shattering any sort of credibility it may have had. 

Nevertheless, reviving the BCV is crucial to the reintegration of the financial sector into the wider Venezuelan economy. In the near term, the effects of sanctions relief will likely be most visible in exchange rate auctions. Greater transparency and reliability in these operations will help reduce the gap between the official and the black market rates. This would directly affect daily life, reducing price distortions and helping stabilize inflation expectations for ordinary Venezuelans. It would also reopen the door to multilateral institutions and international markets, particularly renewed engagement with the International Monetary Fund, which is a necessary step toward debt restructuring and access to credit.

However, there is no on and off switch in terms of trustworthiness, and the BCV is supposed to be in the credibility business.The effectiveness of any central bank relies on its independence from political pressures and ability to communicate a coherent monetary policy, not just on the technical capacity of who runs it. Undermining that independence is what ultimately kills the effectiveness of any policy it may attempt to implement. 

Delcy needs to set up an independent central bank to satisfy the economic discourse, attract investment, and control inflationary pressures. Doing so will require establishing the first institution capable of challenging the administration from within.

This is true everywhere, as hard fought-battles are being waged around the economic world on this matter. From Trump’s challenges to Federal Reserve Chair Jerome Powell, which unsettled financial markets, to standout regional cases like Peru, where the central bank has been single-handedly supporting the economy despite near-permanente political turmoil. These examples highlight just how crucial central bank independence is to real economic stability.

Restoring trust in the BCV goes beyond who runs it, but the naming of the new president is one of the most crucial decisions that the interim administration of Delcy Rodríguez will have to make. Whoever is chosen will be scrutinized by both ordinary Venezuelans and international investors to gauge the commitment of Rodríguez to carry out the necessary economic reforms. Someone that falls short of being able to implement true independence and restore confidence in the system will just undermine all the political speech of the economy first that is currently being put on display. 

The paradox is that Delcy needs to set up an independent central bank to satisfy the economic discourse, attract investment, and control inflationary pressures. But doing so will require establishing the first institution capable of challenging the administration from within. This is where the political and economic reality clash.

The decision comes with a level of urgency, as patience is starting to run out in an internal political climate that is heating up. Trade unions and pensioners have recently taken to the streets to demand higher wages and benefits. Appointing someone close to the previous administration will increase frustration and complicate the weak equilibrium that Rodríguez has built around the promise to rebuild the economy.  

The interim government is attempting to make itself useful to the American overlords by convincing them that they have the ability and willingness to commit to economic reform. Failure to follow through with an independent BCV board could strain the relationship further and make it even harder to justify. Now that sanctions have been lifted and oil money is flowing through US-backed accounts, it is time for the interim authority to live up to their side of the bargain, as Delcy risks losing the little goodwill her administration has left.  

Attention is now focused on who will be appointed to lead the BCV, and whether that choice signals a genuine shift toward institutional autonomy or a continuation of past policy constraints.

With Gustavo Dudamel’s final season as music and artistic director of the Los Angeles Philharmonic reaching its homestretch, the orchestra has announced the appointment of its latest not music director. Anna Handler, a former Dudamel fellow and rapidly rising young conductor, will be given the new title of conductor-in-residence for the next three seasons.

She will spend three weeks each season conducting the orchestra at Walt Disney Concert Hall and the Hollywood Bowl, as well as working with students at the Beckmen YOLA Center in Inglewood. In a phone call from Boston, where she serves as assistant conductor at the Boston Symphony, she says she is also strongly driven by technology and wants to explore all kinds of projects with the latest devises.

“The sky is the limit,” Handler exclaims with the boundless enthusiasm that is said to have won over the orchestra and the administration.

That might include, she further fantasizes, a technology tool you don’t even notice but that focuses your attention to sound vibrations the way glasses give clarity to blurry vision. “Why not glasses for the ears?” she excitedly asks.

Kim Noltemy, the L.A. Phil president and chief executive, says Handler’s appointment does not necessarily imply the orchestra won’t ultimately find a music director who can oversee the bigger picture of the world’s most artistically diverse, expansive and wealthy orchestra. But the L.A. Phil has so many fingers in so many pies that no one person can do it all.

Meanwhile, the L.A. Phil now adds what it has been missing in what the institution calls its team of creative collaborators. As creative director, former music director Esa-Pekka Salonen will spend six weeks a season helping envision what a 21st century symphony orchestra might look like. John Adams continues his role as creative chair as do early music specialist Emmanuelle Haïm (artist collaborator), Herbie Hancock (creative chair for jazz) and Zubin Mehta (conductor emeritus). None, however, is younger than 60. Handler turns 30 this month.

Born in France, she grew up in Germany and is Colombian German. Both her parents are electrical engineers, whom she says her love for technology come from. And she notes that her roots also make her feel at home with the L.A. Phil. She connects with Salonen’s pioneering fascination with technology and the orchestra. With a Colombian mom, she is readily attuned to Dudamel’s Venezuelan heritage. Like her, Salonen, Dudamel and Mehta first began working with the L.A. Phil in their 20s.

Handler’s appointment came, she says, as a surprise. It was after her conducting the L.A. Phil at Disney last month that the orchestra suddenly sprang the idea of a residency beginning almost immediately with the 2026-27 season, even though the Bowl and fall seasons are already planned. Noltemy puts it to the fact that Handler and the orchestra simply got caught up in her energy.

Handler says she jumped at the chance to return to L.A. even though she would be beginning her first season of her first music director job at the Ulster Orchestra in Ireland. A pianist who loves chamber music (which she says will make part of her L.A. residencies), she also becomes artist in residence of the Beethoven House in Bonn, Germany. But, she excitedly exclaims, “At the L.A. Phil you can dream big. And if you have any big ideas, please tell me about them.”

He excitement over music education and community outreach also proved a draw. At 17, she formed her own student orchestra, which performed in schools, old age homes, prisons, all over. And she points out that she is young enough to feel relatively close in age to the students at YOLA, or Youth Orchestra Los Angeles. She describes one of her missions in life as getting young people involved with classical music.

“My long-term dream,” she proclaims, “is to build a Disney World for classical music.” There could be a Beethoven’s Fifth ride. She imagines melody, rhythm, harmony and form as little creatures whom we follow on their journey through the piece. “I’m all about decoding the rhythms of the music,” she adds.

Tellingly, Handler had already been scheduled to be the first conductor to follow Dudamel’s final Hollywood Bowl concert as L.A. Phil music director this summer at the iconic L.A. venue. It features Beethoven’s Fifth Symphony. Her two programs at Disney next season include West Coast premieres of Philip Glass’s Symphony No. 15 (“Lincoln”), which the composer recently withdrew from the Kennedy Center, and John Williams’ recent Piano Concerto.

Rock and Roll Hall of Famer Lindsey Buckingham was attacked by a woman in Santa Monica on Wednesday morning.

The Los Angeles Police Department confirmed that a woman with a history of stalking Buckingham, 76, tossed an unknown substance toward the former Fleetwood Mac guitarist and vocalist from a container as he entered a building for an appointment. According to law enforcement, Buckingham was not harmed; the woman is known to the musician and had been the subject of prior action with the LAPD threat management unit.

Police believe the woman found out when and where Buckingham had scheduled his appointment. She was not apprehended Wednesday morning, but an arrest was expected soon.

Santa Monica police and the LAPD are investigating the incident.

Representatives for Buckingham have not responded to a request for comment.

In December 2024, Buckingham filed a request for a restraining order against Michelle Dick, who was 53 at the time of that filing. Los Angeles County Superior Court Judge Elizabeth Scully granted the order, which mandates that Dick stay at least 100 yards away from Buckingham, his wife and his son. She was also ordered not to harass or attempt to make contact with him in any way.

In 2018, Buckingham split with Fleetwood Mac and a legal battle over lost wages with his former band ensued. Then, in February 2019, Buckingham suffered a heart attack and had to undergo triple bypass surgery. During the process, the insertion of a breathing tube damaged his vocal cords, leaving him questioning whether he would ever be able to sing again, he told The Times in 2021.

He spent much of the pandemic focusing on his recovery.

“I’ll tell you what: Between the Fleetwood Mac stuff and the heart attack, it’s all been humbling,” Buckingham said. “I’ve never suffered from a lack of confidence, and sometimes could get carried away with that in the process of leading the band. But everything has pulled me in a little bit. I’m not as aggressive a person as I was before, which is probably not a bad thing. It made me look around more — and become less self-involved, hopefully.”