The World Faces a $270 Billion Traffic Jam in Panama
Big Take12 Jan 2024

The World Faces a $270 Billion Traffic Jam in Panama

The Panama Canal moves roughly $270 billion dollars worth of cargo annually – it’s the trade route taken by 40% of all US container traffic alone. But the crucial waterway is contending with a crippling drought, worsened by climate change and infrastructure constraints. Water levels are so low that the Panama Canal Authority is restricting the number of ships that can pass through each day. As the line gets longer, shippers are paying to jump the line, or resorting to workarounds.

Bloomberg reporter Peter Millard traveled to Panama to understand how the drought is snarling global shipping and impacting locals. Millard joined the Big Take podcast to share what could solve the canal’s water level issues: from the experimental ideas, to the politically fraught choice to build a new reservoir and flood neighboring lands. There are no easy fixes. But with a traffic jam this big, getting the canal flowing again is becoming more urgent.

See omnystudio.com/listener for privacy information.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(1019)

The Unexpected Billionaires of the AI Boom

The Unexpected Billionaires of the AI Boom

Beyond software and chips, the AI boom relies on good old-fashioned manufacturing of essential components – a skill that has made a new class of people very, very rich. On today’s Big Take Asia podcas...

6 Okt 14min

Europe’s Debt Problem Is Back

Europe’s Debt Problem Is Back

Bond yields are climbing from the US to Japan — pushing up borrowing costs and putting fresh stress on governments, markets and consumers. In France, that strain could deepen into a broader crisis for...

5 Okt 20min

Weekend Listen: Google’s James Manyika on AI Risk

Weekend Listen: Google’s James Manyika on AI Risk

Amid growing concern over AI risks, top tech executives were summoned to the White House this past week and agreed to US President Donald Trump’s preferred alternative to federal regulation. The accor...

4 Okt 41min

The Steamy, Billion-Dollar World of Romantasy

The Steamy, Billion-Dollar World of Romantasy

Romantasy books have created a near-billion-dollar industry in the US alone. This week, fans are racing to grab a copy of Rebecca Yarros’ Threshing Day, and bracing for the sixth installment of one of...

2 Okt 18min

The Man City Scandal Rocking the Premier League

The Man City Scandal Rocking the Premier League

The Premier League has found its top-ranked club, the star-studded and highly decorated Manchester City, guilty of artificially boosting financial results by more than £900 million over nine years. Th...

1 Okt 16min

Can $700 Million Buy Republicans the US Senate?

Can $700 Million Buy Republicans the US Senate?

The 2026 midterms are on track to become the most expensive elections in US history, with Republican Senate candidates raking in hundreds of millions from PACs and Democrats riding a growing wave of i...

30 Sep 16min

China’s New Message to Its Billionaires: Pay Up

China’s New Message to Its Billionaires: Pay Up

China is ramping up an ongoing effort to shore up local government budgets and fund AI data centers with tax revenue from its richest citizens. Billionaires across the country are seeing bills hit the...

29 Sep 13min

Could Bond Yields Break the Stock Market?

Could Bond Yields Break the Stock Market?

At over 5%, the 10-year Treasury yield is the highest since 2007. Those soaring yields are raising lots of questions about whether investors should be trimming stocks and buying bonds. But timing such...

28 Sep 17min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
forklart
aftenpodden-usa
stopp-verden
fotballpodden-2
popradet
dine-penger-pengeradet
rss-gukild-johaug
nokon-ma-ga
rss-espen-lee-usensurert
det-store-bildet
hanna-de-heldige
aftenbla-bla
rss-ness
rss-penger-polser-og-politikk
frokostshowet-pa-p5
bt-dokumentar-2
ta-dokumentar
rss-borsmorgen-okonominyhetene