Podcasts about Suez Canal

Anthony Eden started his premiership well, chalking up a general election win and the lowest level of unemployment Britain has seen at any time since the Second World War. Little else went well, however. His Foreign Secretary, Harold Macmillan made a statement to the House of Commons exonerating Kim Philby from suspicion of being a Soviet spy. That was a statement he would live to regret.Far worse for Eden was what happened in Egypt. The nationalist Egyptian President Gamel Abdel Nasser nationalised the Suez Canal in 1956. Despite Eden's lack of enthusiasm for European integration and his far greater commitment to the Commonwealth, and to the so-called special relationship between the UK and the United States, he decided to respond without consulting the US and in concert with France, one of those European powers he was so unenthusiastic on getting close to. They in turn colluded with Israel to invade the Egyptian territory of Sinai, after which they would react with horror, call on both sides to cease firing, and when that didn't happen, send in troops themselves.Unfortunately, the world reacted with widespread anger at the actions of the Israeli-French-British coalition. The US, indeed, put huge pressure on Britain by threatening to sell British bonds, which would have massively damaged the British currency. They later blocked oil supplies to Britain.The result was that though the military action only got started on 29 October 1956, when Israel went into the Sinai, Britain called a ceasefire on 7 November. That angered the French, who have behaved with little confidence in the British or American military ever since. It also led to the ultimate defeat of the coalition, with the British government having to announce an unconditional withdrawal of its forces on 3 December 1956.Eden was made the scapegoat for the debacle. He resigned in January 1957, after less than two years in post. Many expected the succession to go to Rab Butler, who'd deputised for Eden while the latter was away recovering from a collapse in his health at the height of the crisis, but Harold Macmillan proved much too wily for him, outmanoeuvring him and taking the top position himself.We'll be getting to know Macmillan era next week.Illustration: Smoke rises from oil tanks beside the Suez Canal hit during the initial Anglo-French assault on Port Said, 5 November 1956. Public DomainMusic: Bach Partita #2c by J Bu licensed under an Attribution-NonCommercial-No Derivatives (aka Music Sharing) 3.0 International License

What makes the Panama Canal's lock system so essential compared to the Suez Canal's lack of locks? How do locks help manage the canal's significant elevation change across mountainous terrain? Why was constructing a wide trench connecting the Pacific and Atlantic oceans deemed too complicated and risky? Why did the U.S. ultimately choose Panama for the canal after initially considering Nicaragua as a better option? What historical challenges did the French face while attempting to build the Panama Canal before the U.S. took over? ... we explain like I'm five Thank you to the r/explainlikeimfive community and in particular the following users whose questions and comments formed the basis of this discussion: taimo-kun, jamesthejust1, regularnormaladult, aj_mexico, misappliedreference, bettinafairchild, lazy-equivalent1028, and breckenridgeback. To the community that has supported us so far, thanks for all your feedback and comments. Join us on Twitter: https://www.twitter.com/eli5ThePodcast/ or send us an e-mail: ELI5ThePodcast@gmail.com

The MPC is scheduled to meet later today to decide on interest rates. We believe the CBE has the room to ease by up to 200 bps in its meeting today.The Finance Ministry has more than doubled its target for international debt issuances in the draft budget for the next fiscal year, coming in at a total of EGP400 billion (USD8 billion), up from EGP150 billion (USD3 billion) in the current fiscal year, according to official figures. Remittances from Egyptians abroad continued their upward pace at the start of the year, rising 83.2% y-o-y to USD2.9 billion in January, according to a statement from the CBE.  The Finance Ministry expects Suez Canal revenues from transit fees to almost double to USD6.3 billion in the budget draft for FY25/26, compared to USD3.7 billion estimated in the current fiscal year. Suez Canal revenues reached USD3.99 billion in 2024, a 61% decrease compared to USD10.25 billion in 2023, due to lower tonnage, impacted by Red Sea disruptions. Property developer Landmark for Real Estate Development (LMD) is in talks with the Egyptian government to develop a new USD4 billion mixed-use project in Cairo, Managing Partner Hamad Al Abbar said.Chevron — the operator of the last active exploration block in the Red Sea — is reportedly on its way out of the block it operates, Asharq Business reported, citing an unnamed government source. Investment Minister Hassan El Khatib and Tunisian Prime Minister Sara Zaafarani discussed putting into motion a proposal to establish a joint bank to facilitate investment and trade between the nations, according to a ministry statement.Petroleum products' subsidies increased by about EGP28 billion during the 9M24/25, reaching EGP104.9 billion, compared to EGP76.3 billion in the comparable period a year before.MBSC attributable bottom line recorded an impressive EGP495.0 million (+295% YoY, +199% QoQ) during 4Q24, bringing FY24 attributable bottom line to EGP833.5 million (+126% YoY). Enhanced profitability came on the back of sturdy revenue growth and operating margin expansion that trickled down to bottom line. MBSC is trading at FY25e P/E of 8.4x. MBSC BoD approved a capital decrease through the cancellation of treasury shares amounting to 6.1 million shares at a value of EGP61.1 million, resulting in issued and paid-in capital of EGP550.2 million.EFIC will distribute cash dividends of EGP15.00/share over three equal tranches on 30 April, 20 August, and 30 September 2025, for shareholders on record on 27 April 2025. This implies a dividend yield of 10% and a payout ratio of 62% of FY24 earnings. MFPC will distribute cash dividends of EGP1.00/share on 7 May 2025 and EGP2.50/share on 30 September 2025 for shareholders on record on 4 May 2025. DPS totals EGP3.50/share for FY24, implying a dividend yield of 8% and a payout ratio of 48% of FY24 earnings.OCDI intends to sign a co-development agreement with Midar in 3Q25 to develop a 4.2 million sqm land plot in East Cairo.

//The Wire//2300Z April 7, 2025////ROUTINE////BLUF: GLOBAL MARKET TURMOIL RESULTS FROM TARIFF SHAKEUP. FORCE BUILDUP IN MIDDLE EAST CONTINUES.// -----BEGIN TEARLINE------International Events-Global: On the economic front, hallmarks of a global market correction began to be observed this morning. Last night the Japanese stock market crashed, with circuit breakers being tripped for futures trading (Nikkei 225). Taiwan and South Korea did not do much better as circuit breakers were also tripped for their respective futures products as well as products linked to Taiwan's semiconductor production giant TSMC.Following the exceptionally chaotic market fluctuations this morning, President Trump announced on social media that the United States will increase the tariffs on China by an additional 50% if China does not remove their additional tit-for-tat tariff implementations. AC: As the United States has already implemented a 20% tariff on China, plus an additional 34% tariff, an additional 50% tariff on top of these previous taxes means China is looking at a potential 104% tariff being implemented in two days (if the situation doesn't change).Middle East: The Charles de Gaulle Carrier Strike Group (CSG) was observed transiting north through the Suez Canal this morning, leaving the two American carriers the only one's in the CENTCOM AOR. Minor repositioning was observed at Diego Garcia as of this morning, with 6x B2's still on site with their respective refueling aircraft. Over the weekend, Israeli media claimed that the elusive THAAD battery that was originally in South Korea has been transferred to Israel.AC: If this is true (and it likely is), this brings the total in Israel to two of these missile defense systems.-HomeFront-New York: Over the weekend a mass stabbing was reported at an apartment building in Brooklyn. Local authorities state that a man had a mental episode which resulted in him attempting to murder four young family members. 4x children were wounded in the attack, and the attacker was neutralized by police during their response.Texas: A local measles outbreak has gained national attention following the death of a second child from the disease. HHS Secretary RFK Jr. visited Gaines County yesterday, and announced the deployment of CDC personnel to the area. RFK Jr. also stated on social media that "The most effective way to prevent the spread of measles is the MMR vaccine".Washington D.C. - Over the weekend, FBI Director Kash Patel promoted the highly-controversial Steven Jensen to lead the Field Office in Washington D.C. Previously Jensen served as the chief of the Domestic Terrorism Operations Section within the Counterterrorism Division.-----END TEARLINE-----Analyst Comments:While many may have forgotten, Steven Jensen is a highly controversial pick for this position as he was one of the masterminds within the FBI to investigate parents speaking at school board meetings as terrorists under the command of AG Merrick Garland in 2021.As he was the Chief of the Domestic Terrorism Operations Section (also in 2021), Jensen was also the lead FBI decision maker behind the J6 investigations, and enthusiastically carried out the targeting of J6 participants on that day, and for many months afterwards. In short, Jensen is the man who provided the legwork for the J6 investigation, and he is one of the main persons responsible for why Trump himself had to pardon many J6 participants. Now, Jensen has been promoted into a very prestigious position at the FBI, leading the Field Office in Washington.Due to the highly controversial nature of this pick, this promotion was not advertised with much fanfare. However, Patel passively confirmed the move himself by reposting an article on social media referencing the personnel change.On the information and econo

“A lot of people in our communities don't view them as pirates. I think they are defenders of the sea.”In 2011, Somali piracy peaked. Crews were attacked at gunpoint and many held as hostages for months. The World Bank says there were 243 incidents that year. After a crackdown involving international navies, attacks plummeted to almost zero.But since last year there's been an uptick in incidents. Houthi attacks on shipping using the Suez Canal - in support of the Palestinians in Gaza – drew global attention, and firepower, away from the Somali coastline. And the root causes of the problem – poverty and lack of infrastructure for local fishing communities, and illegal fishing by foreign trawlers – were never addressed.So could piracy return to the levels of 15 years ago?Alan @kasujja speaks with a local fisherman from the affected town of Eyl, and to fisheries expert Abdirahman Mohamed.

Circumstances seemed unfavourable for a Labour victory in a 1950 election but, when it was held, Attlee managed to lead his party to the second win in its history. It took a majority of the popular vote, and even a majority of parliamentary seats, though way down from its previous landslide to a mere five.With that small majority, it was poorly placed to deal with the continuing financial difficulties of the country. These were made worse by involvement in the Korean War, which meant rearming. The funds for the war had to be found somewhere, and the Chancellor of the Exchequer, a rising star of the Party, Hugh Gaitskell, decided that had to come in part from raiding the National Health Service and the Social Insurance Fund.In disgust, the architect of the health service, Nye Bevan, resigned from the government. With him went another young rising figure, Harold Wilson, who had become the youngest cabinet minister in Britain in the whole of the twentieth century. At that stage he stood with the left and with Bevan, though later he would turn on his mentor, taking a seat in the Shadow Cabinet when Labour was back in Opposition, a seat vacated precisely by another resignation on principle by Bevan.There were difficulties internationally too, with the Mossadegh government in Iran set to nationalise British oil industries there, and nationalist forces in Egypt putting pressure on the British garrison guarding the Suez Canal. Attlee's friend and loyal supporter, the long-time Foreign Secretary Ernest Bevin had died in April 1951, and his successor Herbert Morrison wasn't up to the job, adding these foreign crises to the burden on Attlee.With Bevan's left-wing group organising against him and making his parliamentary majority look decidedly fragile, the aging and tired Attlee called another election. Held on 28 October 1951, it saw Labour at last lose its majority and the Conservatives win one.Attlee was out. Churchill was back.Illustration: The Royal Festival Hall in London, souvenir of the 1951 Festival of Britain, itself marking the centenary of the Great Exhibition in Victorian times. Photo by a Wikipedia contributor. Public Domain.Music: Bach Partita #2c by J Bu licensed under an Attribution-NonCommercial-No Derivatives (aka Music Sharing) 3.0 International License

A quick thank you to all those who've been donating towards the upkeep of this series, particularly Chereen and Gerhard, your continued support is making a difference. And Adi the winemaker, dankie meneer, and Seyi who's trying to get Paypal sorted, thanks! Not to mention Chris whose significant support means I can host the series long term on iono.fm - and also a shout out, very modern that, a shout out, to Francois at iono.fm who has patiently helped me out when technical blapses creep in.ventually on April 12 1861, the American Civil War began with the bombardment of Fort Sumner in South Carolina. In sunny South Africa, the American Civil War was going to reverberate in many ways. Firstly, the War created a Cotton Crisis and helped foster investments in Natal cotton farms. Before the war, most of Britain's cotton came from the Southern U.S., the slave plantations of the south. But the civil war disrupted these supplies, leading to a massive shortage. British textile mills were scrambling by year-end, and south Africa was on the radar along with other regions. The Natal government encouraged cotton growing, and for a brief moment in time, it was seen as a cash crop to grow. But the reality was, the soils, climate and shortage of labour made it unsustainable long term. Importantly, the British reassessed their strategic imperial priorities, and realised that the American Civil War exposed their fragile imperial control in distant lands. Despite the fact that a liberal Government was in power in the Britain, the Cape Colony and Natal became more strategically important as London sought to secure shipping routes and resources. The Suez Canal was still being constructed, the only way to India was around the Cape. It was the influence of slavery and labour policy that had a profound ideological impact on southern Africans. It led to a future connection, and Confederate influence inside South Africa. This is prescient, but important. The Boer Republics in particular took a great deal of interest in the break-away American states. The mindset, the republicanism, and sympathies with the pro-slavery states of the Confederacy all resonated with the Republics, particularly the ZAR. By 1860 Sir George Grey had thrown virtually the entire amaXhosa leadership into prison — Robben Island to be precise. Maqoma, Mhala, Xayimpi who'd overrun the military villages in the Eighth Frontier War, Silo, Xoxo, Stokwe. There were many amaThembu amaGqunukhwebe, Ndlambe, Ngqika chiefs and councillors marooned on Robben Island, where the winter winds howled across the flat land, where there was little protection from the extreme weather.

A quick thank you to all those who've been donating towards the upkeep of this series, particularly Chereen and Gerhard, your continued support is making a difference. And Adi the winemaker, dankie meneer, and Seyi who's trying to get Paypal sorted, thanks! Not to mention Chris whose significant support means I can host the series long term on iono.fm - and also a shout out, very modern that, a shout out, to Francois at iono.fm who has patiently helped me out when technical blapses creep in.ventually on April 12 1861, the American Civil War began with the bombardment of Fort Sumner in South Carolina. In sunny South Africa, the American Civil War was going to reverberate in many ways. Firstly, the War created a Cotton Crisis and helped foster investments in Natal cotton farms. Before the war, most of Britain's cotton came from the Southern U.S., the slave plantations of the south. But the civil war disrupted these supplies, leading to a massive shortage. British textile mills were scrambling by year-end, and south Africa was on the radar along with other regions. The Natal government encouraged cotton growing, and for a brief moment in time, it was seen as a cash crop to grow. But the reality was, the soils, climate and shortage of labour made it unsustainable long term. Importantly, the British reassessed their strategic imperial priorities, and realised that the American Civil War exposed their fragile imperial control in distant lands. Despite the fact that a liberal Government was in power in the Britain, the Cape Colony and Natal became more strategically important as London sought to secure shipping routes and resources. The Suez Canal was still being constructed, the only way to India was around the Cape. It was the influence of slavery and labour policy that had a profound ideological impact on southern Africans. It led to a future connection, and Confederate influence inside South Africa. This is prescient, but important. The Boer Republics in particular took a great deal of interest in the break-away American states. The mindset, the republicanism, and sympathies with the pro-slavery states of the Confederacy all resonated with the Republics, particularly the ZAR. By 1860 Sir George Grey had thrown virtually the entire amaXhosa leadership into prison — Robben Island to be precise. Maqoma, Mhala, Xayimpi who'd overrun the military villages in the Eighth Frontier War, Silo, Xoxo, Stokwe. There were many amaThembu amaGqunukhwebe, Ndlambe, Ngqika chiefs and councillors marooned on Robben Island, where the winter winds howled across the flat land, where there was little protection from the extreme weather.

Cellulite is a regular source of insecurity among women. That's been especially true since women's magazines came along, pretty much labelling it public enemy number one. In our collective minds, it's become inextricably linked to being overweight or having gone through pregnancy. In reality, cellulite is the result of a number of factors, and hormonal changes in particular. The first thing to know is that there are actually three types of cellulite: aqueous cellulite which is flexible and slightly visible; adipose cellulite, which is soft and limited to a certain part of the body, and fibrous cellulite, which is hard and painful to the touch, sometimes coming with a purplish-blue colour. What do those three types have in common? Can cellulite have negative health consequences? So what techniques are out there for getting rid of cellulite? In under 3 minutes, we answer your questions! To listen to the latest episodes, click here: What is the best way to soothe a crying baby? What is the Suez Canal? Who are the main victims of natural disasters? A Bababam Originals podcast written and produced by Joseph Chance. First broadcast : 14/11/2022 Learn more about your ad choices. Visit megaphone.fm/adchoices

Foreign holdings of public debt have returned to their pre-December levels, reaching approximately USD38 billion, the rise in demand from foreign investors is attributed to declining inflation figures coupled with expectations of an interest rate cut from the CBE in April.Kuwait is looking to increase its investments in Egypt to USD5.3 billion by the end of the year, equal to a 20% jump in the GCC nation's investments in Egypt.Kuwaiti officials informed Prime Minister Madbouly of the renewal of two deposits totaling USD4 billion.The government is planning to launch a retail bond market in 2025 as part of the government's efforts to diversify its public debt instruments.Air Liquide Egypt and China's United Energy Group (UEG) signed an MoU to develop green ammonia projects using green hydrogen in Egypt. The Finance Ministry is looking to amend the property tax law to raise the exemption threshold to EGP4-5 million, up from EGP2 million currently.Shipping company Hapag-Lloyd's plans to return to the Suez Canal will remain on ice. Looking ahead, the firm penciled in 2H25 for the gradual resumption of traffic.MPs will vote on three foreign grant agreements on Tuesday.Egypt is negotiating with Iraq to resume importing shipments of Iraqi crude oil. The UK is looking to boost its investments in infrastructure and aviation in Egypt, in addition to investing in the green energy sector.HRHO is negotiating with investors to subscribe to its Saudi Arabian Higher Education Fund to gather USD150 million. Consolidated Financial Holding reduced its stake in CNFN from 58.58% to 42.01%.

Chicks On The Right kick us off this week for this very festive St. Patrick's Day episode. In a new NBC poll, 44% of Americans think the country is finally headed in the right direction, thats up nearly 20 points from November just before the election. In the same poll, Democrats have hit a literal all-time low, only 27% of registered voters have a favorable view of Democrats overall. Chuck Schumer is on the Democratic chopping block after he voted with Republicans to pass the stop-gap funding bill and avert a government shutdown. The Democrats brought their knives out after the vote, some hoping AOC will primary him in the next election. President Trump took definitive action against Houthi rebels that have been causing chaos in the Suez Canal, Red Sea and the Gulf of Aden. Showing peace through strength, the president also tweeted that in cooperation with Iraqi and Kurdish governments, a wanted ISIS leader was killed by intrepid warfighters. Was President Biden aware of the 11th hour pardons he approved of? The Heritage Foundation has released images showing that Biden used an autopen on some of his most egregious pardons including of his entire family, General Millie, Anthony Fauci and the J6 committee. Even President Trump has declared them VOID as they were signed on his behalf without his knowledge or cnsent. Featuring: Chicks On The Right Mock | Miriam Weaver Daisy | Amy Jo Clark https://chicksonright.com/ Today's show is brought to you by these great sponsors: Delta Rescue Delta Rescue is one the largest no-kill animal sanctuaries. Leo Grillo is on a mission to help all abandoned, malnourished, hurt or suffering animals. He relies solely on contributions from people like you and me. If you want to help Leo to continue his mission of running one of the best care-for-life animal sanctuaries in the country please visit Delta Rescue at: https://deltarescue.org/ Beam For a limited time got 40% of Beam's Dream Powder. Dream Powder with Reishi, Magnesium, L-Theanine, Apigenin and Melatonin to help you fall asleep, stay asleep, and wake up refreshed. Just head to https://shopbeam.com/SPICER for 40% off. ------------------------------------------------------------- 1️⃣ Subscribe and ring the bell for new videos: https://youtube.com/seanmspicer?sub_confirmation=1 2️⃣ Become a part of The Sean Spicer Show community: https://www.seanspicer.com/ 3️⃣ Listen to the full audio show on all platforms: Apple Podcasts: https://podcasts.apple.com/us/podcast/the-sean-spicer-show/id1701280578 Spotify: https://open.spotify.com/show/32od2cKHBAjhMBd9XntcUd iHeart: https://www.iheart.com/podcast/269-the-sean-spicer-show-120471641/ 4️⃣ Stay in touch with Sean on social media: Facebook: https://facebook.com/seanmspicer Twitter: https://twitter.com/seanspicer Instagram: https://instagram.com/seanmspicer/ 5️⃣ Follow The Sean Spicer Show on social media: Facebook: https://facebook.com/seanspicershow Twitter: https://twitter.com/seanspicershow Instagram: https://instagram.com/seanspicershow #politics #news #theseanspicershow #seanspicer #conservativemedia #podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

In this insightful episode of the STRAT podcast, retired Marine Intelligence Officer LtCol. Hal Kempfer addresses pressing geopolitical and military challenges that draw global attention. Kempfer provides a deep dive into the complex conflicts unfolding in Yemen, highlighting recent U.S. airstrikes on Iran-backed Houthis ordered by President Trump. He examines the far-reaching impacts on global shipping routes through the Suez Canal and President Trump's warnings to Iran. The episode also covers the stalled ceasefire talks in Gaza and shifting dynamics in Syria amidst new agreements with Kurdish-led forces. Kempfer sheds light on strategic advances in Ukraine, focusing on recent actions in Kursk and the Donbas. The episode offers comprehensive insights into each of these high-stakes situations, while also considering strategic moves, potential risks, and their implications on global security. Don't miss this episode that unravels the threads of international conflict and strategy.Takeaways:• President Trump orders significant airstrikes on Houthis in Yemen.• Suez Canal traffic hit hard as maritime attacks continue.• Gaza ceasefire talks resurface amidst tensions with Hamas.• Syria's new agreements with Kurdish forces mark progress.• Ukraine sees strategic success in Kursk despite heavy losses.• Trump prioritizes arms shipments to Israel in response to violence.• Discussions on future Iranian support underscore its regional impact.• European stances play pivotal roles in ongoing ceasefire talks.#STRATPodcast #HalKempfer #MutualBroadcastingSystem #StrategicRiskAnalysis #GlobalConflict #YemenStrikes #SuezCanal #IranTensions #GazaCeasefire #SyriaAgreements #UkraineStrategy #PresidentTrump #MilitaryOperations #KurdishForces #MiddleEastDiplomacy #InternationalRelations #GeopoliticalAnalysis #DefenseStrategies #SecurityChallenges #CeasefireTalks

The last few months have seen major shifts in the balance of power in the far north, with the US making threats toward Greenland, Russia exerting pressure on Svalbard, and Arctic shipping routes, once seen as a counterweight to the Suez Canal, are now increasingly having their viability called into question. So as Greenland heads to the polls, the territory finds itself voting on far more than just a new legislature; instead deciding on the makeup of a future arctic flashpoint that could see NATO facing pressures from both the east and the west. This week, we sit down with our expert panel to analyse how we arrived at this position, the economic factors most people overlook when discussing the Arctic, and how likely these geopolitical tensions are to escalate into conflict. On the panel this week: - Jennifer Spence (Harvard Belfer Center) - Nicolas Jouan (RAND Europe) - Sigbjørn Halsne (Norwegian Armed Forces) Intro - 00:00 PART I - 03:06 PART II - 28:54 PART III - 49:15 Outro - 1:19:54 Follow the show on https://x.com/TheRedLinePod Follow Michael on https://x.com/MikeHilliardAus Support the show at: https://www.patreon.com/theredlinepodcast Submit Questions and Join the Red Line Discord Server at: https://www.theredlinepodcast.com/discord For more info, please visit: https://www.theredlinepodcast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

President Trump has been threatening to “take back” the Panama Canal since he regained power. In this episode, listen to testimony from officials serving on the Federal Maritime Commission who explain why the Panama Canal has become a focus of the administration and examine whether or not we need to be concerned about an impending war for control of the canal. Please Support Congressional Dish – Quick Links Contribute monthly or a lump sum via Support Congressional Dish via (donations per episode) Send Zelle payments to: Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Use your bank's online bill pay function to mail contributions to: Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Background Sources Recommended Congressional Dish Episodes Current Events around the Panama Canal March 5, 2025. the Associated Press. Sabrina Valle, Suzanne McGee, and Michael Martina. March 4, 2025. Reuters. Matt Murphy, Jake Horton and Erwan Rivault. February 14, 2025. BBC. May 1, 2024. World Weather Attribution. World Maritime News Staff. March 15, 2019. World Maritime News. July 29, 2018. Reuters. Panama Canal Treaty of 1977 U.S. Department of State. The Chinese “Belt and Road Initiative” Michele Ruta. March 29, 2018. World Bank Group. The Trump-Gaza Video February 26, 2025. Sky News. Laws Audio Sources Senate Committee on Commerce, Science, and Transportation January 28, 2025 Witnesses: Louis E. Sola, Chairman, Federal Maritime Commission (FMC) Daniel B. Maffei, Commissioner, FMC , Professor, Scalia Law School, George Mason University Joseph Kramek, President & CEO, World Shipping Council Clips 17:30 Sen. Ted Cruz (R-TX): Between the American construction of the Panama Canal, the French effort to build an isthmus canal, and America's triumphant completion of that canal, the major infrastructure projects across Panama cost more than 35,000 lives. For the final decade of work on the Panama Canal, the United States spent nearly $400 million, equivalent to more than $15 billion today. The Panama Canal proved a truly invaluable asset, sparing both cargo ships and warships the long journey around South America. When President Carter gave it away to Panama, Americans were puzzled, confused, and many outraged. With the passage of time, many have lost sight of the canal's importance, both to national security and to the US economy. 18:45 Sen. Ted Cruz (R-TX): But the Panama Canal was not just given away. President Carter struck a bargain. He made a treaty. And President Trump is making a serious and substantive argument that that treaty is being violated right now. 19:10 Sen. Ted Cruz (R-TX): President Trump has highlighted two key issues. Number one, the danger of China exploiting or blocking passage through the canal, and number two, the exorbitant costs for transit. 19:20 Sen. Ted Cruz (R-TX): Chinese companies are right now building a bridge across the canal at a slow pace, so as to take nearly a decade. And Chinese companies control container points ports at either end. The partially completed bridge gives China the ability to block the canal without warning, and the ports give China ready observation posts to time that action. This situation, I believe, poses acute risks to US national security. 19:50 Sen. Ted Cruz (R-TX): Meanwhile, the high fees for canal transit disproportionately affect Americans, because US cargo accounts for nearly three quarters of Canal transits. US Navy vessels pay additional fees that apply only to warships. Canal profits regularly exceed $3 billion. This money comes from both American taxpayers and consumers in the form of higher costs for goods. American tourists aboard cruises, particularly those in the Caribbean Sea, are essentially captive to any fees Panama chooses to levy for canal transits, and they have paid unfair prices for fuel bunkering at terminals in Panama as a result of government granted monopoly. Panama's government relies on these exploitative fees. Nearly 1/10 of its budget is paid for with canal profit. 21:25 Sen. Ted Cruz (R-TX): Panama has for years flagged dozens of vessels in the Iranian ghost fleet, which brought Iran tens of billions of dollars in oil profits to fund terror across the world. 21:40 Sen. Ted Cruz (R-TX): And Chinese companies have won contracts, often without fair competition, as the infamous Belt and Road Initiative has come to Panama. China often engages in debt trap diplomacy to enable economic and political coercion. In Panama, it also seems to have exploited simple corruption. 32:40 Louis Sola: The Panama Canal is managed by the Panama Canal Authority, ACP, an independent agency of the Panamanian government. The ACP is a model of public infrastructure management, and its independence has been key to ensure a safe and reliable transit of vessels critical to the US and global commerce. 33:25 Louis Sola: In contrast, the broader maritime sector in Panama, including the nation's ports, water rights, and the world's largest ship registry, falls under the direct purview of the Panamanian government. 33:35 Louis Sola: Unfortunately, this sector has faced persistent challenges, including corruption scandals and foreign influence, particularly from Brazil and China. These issues create friction with the ACP, especially as it works to address long term challenges such as securing adequate water supplies for the canal. 33:55 Louis Sola: Although the ACP operates independently, under US law both the ACP and the government of Panama's maritime sector are considered one in the same. This means that any challenges in Panama's maritime sector, including corruption, lack of transparency, or foreign influence, can have a direct or indirect impact on the operations and long term stability of the canal. This legal perspective highlights the need for diligence in monitoring both the ACP's management and Panama government's policies affecting maritime operations. 34:30 Louis Sola: Since 2015, Chinese companies have increased their presence and influence throughout Panama. Panama became a member of the Belt and Road Initiative and ended its diplomatic relations with Taiwan. Chinese companies have been able to pursue billions of dollars in development contracts in Panama, many of which were projects directly on or adjacent to the Panama Canal. Many were no bid contracts. Labor laws were waived, and the Panamanian people are still waiting to see how they've been benefited. It is all more concerning that many of these companies are state-owned, and in some cases, even designated as linked to the People's Liberation Army. We must address the significant growing presence and influence of China throughout the Americas and in Panama, specifically. 35:20 Louis Sola: American companies should play a leading role in enhancing the canal's infrastructure. By supporting US firms, we reduce reliance on Chinese contractors and promote fair competition. 36:55 Daniel Maffei: Because the canal is essentially a waterway bridge over mountainous terrain above sea level, it does depend on large supplies of fresh water to maintain the full operations. Panama has among the world's largest annual rainfalls. Nonetheless, insufficient fresh water levels have occurred before in the canal's history, such as in the 1930s when the Madden Dam and Lake Alajuela were built to address water shortages. Since that time, the canal has undertaken several projects to accommodate larger, more modern ships. In the last couple of years, a trend of worsening droughts in the region, once again, has forced limits to the operations of the canal. Starting in June of 2023 the Panama Canal Authority employed draft restrictions and reduced the number of ships allowed to transit the canal per day. Now the Panama Canal limitations, in combination with the de facto closure of the Suez Canal to container traffic, has had serious consequences for ocean commerce, increasing rates, fees and transit times. 39:30 Daniel Maffei: Now, fortunately, Panama's 2024 rainy season has, for now, alleviated the most acute water supply issues at the canal, and normal transit volumes have been restored. That said, while the Panamanian government and Canal Authority have, with the advice of the US Army Corps of Engineers, developed credible plans to mitigate future water shortages, they also warned that it is likely that at least one more period of reduced transits will occur before these plans can be fully implemented. 41:55 Eugene Kontorovich: We shall see that under international law, each party to the treaty is entitled to determine for itself whether a violation has occurred. Now, in exchange for the United States ceding control of the canal which it built and maintained, Panama agreed to a special regime of neutrality. The essential features of this regime of neutrality is that the canal must be open to all nations for transit. That's Article Two. Equitable tolls and fees, Article Three. An exclusive Panamanian operation, Article Five. The prohibition of any foreign military presence, Article Five. Article Five provides that only Panama shall operate the canal. Testifying about the meaning of the treaty at the Senate ratification hearings, the Carter administration emphasized that this prohibits foreign operation of the canal, as well as the garrisoning of foreign troops. Now, Article Five appears to be primarily concerned about control by foreign sovereigns. If Panama signed a treaty with the People's Republic of China, whereby the latter would operate the canal on Panama's behalf, this would be a clear violation. But what if Panama contracted for port operations with a Chinese state firm, or even a private firm influenced or controlled in part by the Chinese government? The Suez Canal Company was itself, before being nationalized, a private firm in which the United Kingdom was only a controlling shareholder. Yet this was understood to represent British control over the canal. In other words, a company need not be owned by the government to be in part controlled by the government. So the real question is the degree of de jure or de facto control over a Foreign Sovereign company, and scenarios range from government companies in an authoritarian regime, completely controlled, to purely private firms in our open society like the United States, but there's many possible situations in the middle. The treaty is silent on the question of how much control is too much, and as we'll see, this is one of the many questions committed to the judgment and discretion of each party. Now turning to foreign security forces, the presence of third country troops would manifestly violate Article Five. But this does not mean that anything short of a People's Liberation Army base flying a red flag is permissible. The presence of foreign security forces could violate the regime of neutrality, even if they're not represented in organized and open military formations. Modern warfare has seen belligerent powers seek to evade international legal limitations by disguising their actions in civilian garb, from Russia's notorious little green men to Hamas terrorists hiding in hospitals or disguised as journalists. Bad actors seek to exploit the fact that international treaties focus on sovereign actors. Many of China's man made islands in the South China Sea began as civilian projects before being suddenly militarized. Indeed, this issue was discussed in the Senate ratification hearings over the treaty. Dean Rusk said informal forces would be prohibited under the treaty. Thus the ostensible civilian character of the Chinese presence around the canal does not, in itself, mean that it could not represent a violation of the treaty if, for example, these companies and their employees involved Chinese covert agents or other agents of the Chinese security forces. So this leads us to the final question, Who determines whether neutrality is being threatened or compromised? Unlike many other treaties that provide for third party dispute resolution, the neutrality treaty has no such provision. Instead, the treaty makes clear that each party determines for itself the existence of a violation. Article Four provides that each party is separately authorized to maintain the regime of neutrality, making a separate obligation of each party. The Senate's understanding accompanying to ratification also made clear that Article Five allows each party to take, quote, "unilateral action." Senator Jacob Javits, at the markup hearing, said that while the word unilateral is abrasive, we can quote, "decide that the regime of neutrality is being threatened and then act with whatever means are necessary to keep the canal neutral unilaterally." 46:35 Joseph Kramek: My name is Joe Kramek. I'm President and CEO of the World Shipping Council. The World Shipping Council is the global voice of liner shipping. Our membership consists of 90% of the world's liner shipping tonnage, which are container vessels and vehicle carriers. They operate on fixed schedules to provide our customers with regular service to ship their goods in ports throughout the world. 47:15 Joseph Kramek: As you have heard, using the Panama Canal to transit between the Atlantic and Pacific saves significant time and money. A typical voyage from Asia to the US or East Coast can be made in under 30 days using the canal, while the same journey can take up to 40 days if carriers must take alternate routes. From a commercial trade perspective, the big picture is this. One of the world's busiest trade lanes is the Trans Pacific. The Trans Pacific is cargo coming from and going to Asia via the United States. Focusing in a bit, cargo coming from Asia and bound for US Gulf and East Coast ports always transits the Panama Canal. Similarly, cargo being exported from US and East Coast ports, a large share of which are US Agricultural exports, like soybeans, corn, cotton, livestock and dairy also almost always transits the Panama Canal. The result is that 75% of Canal traffic originates in or is bound for the United States. 48:55 Joseph Kramek: We've talked about the drought in 2023 and the historic low water levels that it caused in Lake Gatún, which feeds the canal locks, a unique system that is a fresh water feed, as contrasted to an ocean to ocean system, which the French tried and failed, but which is actually active in the Suez Canal. These low water levels reduced transits from 36 transits a day to as low as 22 per day. Additionally, the low water levels required a reduction in maximum allowable draft levels, or the depth of the ship below the water line, which for our members reduced the amount of containers they could carry through the canal. This resulted in a 10% reduction in import volumes for US Gulf and East Coast ports, with the Port of Houston experiencing a 26.7% reduction. 51:10 Sen. Ted Cruz (R-TX): Are you aware of allegations from some vessel operators of disparate treatment such as sweetheart deals or favorable rebates by Panama for canal transits? Louis Sola: Thank you for the question, Mr. Chairman, we have become aware through some complaints by cruise lines that said that they were not getting a refund of their canal tolls. When we looked into this, we found a Panamanian Executive Order, Decree 73, that specifically says that if a cruise line would stop at a certain port, that they could be refunded 100% of the fees. And as far as I know, that's the only instant where that exists. 53:05 Sen. Ted Cruz (R-TX): So Panama was the very first Latin American country to join China's Belt and Road Initiative, and right now, China is building a fourth bridge across the Panama Canal for car traffic and light rail. Chairman Sola, why should Chinese construction of a bridge near Panama City concern the United States? Louis Sola: Mr. Chairman, we all saw the tragedy that happened here in the Francis Scott Key Bridge incident and the devastation that had happened to Baltimore. We also saw recently what happened in the Suez Canal, where we had a ship get stuck in there. It's not only the construction of the bridge, but it's a removal of a bridge, as I understand it, called the Bridge of the Americas. It was built in 1961 and that would paralyze cargo traffic in and out of the canals. 53:55 Sen. Ted Cruz (R-TX): Panama also recently renewed the concessions for two container ports to a Chinese company, Hutchison Ports PPC. Of course, Chinese companies are controlled by the Communist Party. How does China use control of those ports for economic gain? Louis Sola: Mr. Chairman, I am a regulator, a competition regulator. And the Chinese ports that you're referring to, let me put them into scope. The one on the Pacific, the Port of Balboa, is roughly the same size as the Port of Houston. They do about 4 million containers a year. They have about 28 game tree cranes. The one on the Atlantic is the same as my hometown in Miami, they do about 1 million containers. So where Roger Gunther in the Port of Houston generates about $1 billion a year and Heidi Webb in Miami does about $200 million, the Panama ports company paid 0 for 20 years on that concession. So it's really hard to compete against zero. So I think that's our concern, our economic concern, that we would have. Sen. Ted Cruz (R-TX): Commissioner Maffei, anything to add on that? Daniel Maffei: Yeah, I do too also think it is important. I would point out that you don't have to stop at either port. It's not like these two ports control the entrance to the canal. That is the Canal Authority that does control that. However, I think it's of concern. I would also point out that the Panamanian government thinks it's of concern too, because they're conducting their own audit of those particular deals, but we remain very interested as well. 56:25 Sen. Ted Cruz (R-TX): Would the facts discussed here be considered violations of the neutrality treaty in force right now between the United States and Panama? Eugene Kontorovich: So I think Senator, I think potentially they could, but it's impossible to say definitively without knowing more, in particular, about the degree of Chinese control and involvement in these companies. I think it's important to note that these port operation companies that operate the ports on both sides, when they received their first contract, it was just a few months before Hong Kong was handed over to China. In other words, they received them as British companies, sort of very oddly, just a few months before the handover. Now, of course, since then, Hong Kong has been incorporated into China, has been placed under a special national security regime, and the independence of those companies has been greatly abridged, to say nothing of state owned companies involved elsewhere in in the canal area, which raised significantly greater questions. Additionally, I should point out that the understandings between President Carter and Panamanian leader Herrera, which were attached to the treaty and form part of the treaty, provide that the United States can, quote, "defend the canal against any threat to the regime of neutrality," and I understand that as providing some degree of preemptive authority to intervene. One need not wait until the canal is actually closed by some act of sabotage or aggression, which, as we heard from the testimony, would be devastating to the United States, but there is some incipient ability to address potential violations. 58:10 Sen. Ted Cruz (R-TX): If the United States determines that Panama is in violation of the treaty, what is the range of remedies the United States would have for that treaty violation? Eugene Kontorovich: So I think it may be shocking to people to hear today, but when one goes over the ratification history and the debates and discussions in this body over this treaty, it was clear that the treaty was understood as giving both sides, separately, the right to resort to use armed force to enforce the provisions of the treaty. And it's not so surprising when one understands that the United States made an extraordinary concession to Panama by transferring this canal, which the United States built at great expense and maintained and operated to Panama, gratis. And in exchange, it received a kind of limitation, a permanent limitation on Panamanians sovereignty, that Panama agreed that the United States could enforce this regime of neutrality by force. Now, of course, armed force should never be the first recourse for any kind of international dispute and should not be arrived at sort of rationally or before negotiations and other kinds of good offices are exhausted, but it's quite clear that the treaty contemplates that as a remedy for violations. 1:03:20 Louis Sola: I believe that the security of the canal has always been understood to be provided by the United States. Panama does not have a military, and I always believed that there's been a close relationship with Southern Command that we would provide that. And it would be nice to see if we had a formalization of that in one way or another, because I don't believe that it's in the treaty at all. 1:05:05 Daniel Maffei: While we were down there, both of us heard, I think, several times, that the Panamanians would, the ones we talked to anyway, would welcome US companies coming in and doing a lot of this work. Frankly, their bids are not competitive with the Chinese bids. Frankly, they're not that existent because US companies can make more money doing things other places, but even if they were existent, it is difficult to put competitive bids when the Chinese bids are so heavily subsidized by China. 1:06:10 Sen. Ted Cruz (R-TX): What would China's incentive be to heavily subsidize those bids to undercut American companies and other companies? Daniel Maffei: Yeah, it's not a real short answer, but Senator, China's made no secret of its ambitious policies to gain influence of ports throughout the globe. It's invested in 129 ports in dozens of countries. It runs a majority of 17 ports, that does not include this Hong Kong company, right? So that's just directly Chinese-owned ports. So it has been a part of their Belt and Road strategy, whatever you want to call it, the Maritime Silk Road, for decades. So they believe that this influence, this investment in owning maritime ports is important to their economy. 1:07:05 Sen. Deb Fischer (R-NE): In 2021, Hutchison was awarded those two ports, Port Balboa and Port Cristobal, in a no-bid award process. Can you tell me, does the United States have any authority or recourse with the Panama Canal Authority under our current agreement with Panama to rebid those terminal concession contracts. And perhaps Mr. Kantorovich, that's more in your purview? Louis Sola: Senator, both of those ports were redone for 25 years, until 2047, I believe. And they have to pay $7 million is what the ongoing rate is for the Port of Houston- and the Port of Miami-sized concessions. Sen. Deb Fischer (R-NE): And it can't be rebid until after that date? Louis Sola: Well, I believe that that's what the comptroller's office is auditing both of those ports and that contract. That was done under the previous Panamanian administration. A new administration came in, and they called for an audit of that contract immediately. 1:20:10 Sen. Dan Sullivan (R-AK): Are the companies now controlling both sides of the Panama Canal, the Chinese companies, subject to the PRC national security laws that mandate cooperation with the military, with state intelligence agencies. Does anyone know that? Eugene Kontorovich: They're subject all the time. They're subject to those laws all the time by virtue of being Hong Kong companies. And you know, they face, of course, consequences for not complying with the wishes of the Chinese government. One of the arguments -- Sen. Dan Sullivan (R-AK): Wouldn't that be a violation of the treaty? And isn't that a huge risk to us right now that the Chinese -- Eugene Kontorovich: That is a threat to the neutrality -- Sen. Dan Sullivan (R-AK): If they invaded Taiwan, invaded the Philippines, they could go to these two companies saying, Hey, shut it down, make it hard, sink a ship in the canal. And wouldn't they be obligated to do that under Chinese law if they were ordered to by the PLA or the CCP? Eugene Kontorovich: I don't know if they'd be obligated, but certainly the People's Republic of China would have many tools of leverage and pressure on these companies. That's why the treaty specifically says that we can act not just to end actual obstructions to the canal. We don't have to wait until the canal is closed by hostile military action. Thatwould be a suicide pact, that would be catastrophic for us, but rather that we can respond at the inchoate, incipient level to threats, and then this is up to the president to determine whether this is significantly robust to constitute -- Sen. Dan Sullivan (R-AK): So aren't we kind of walking up to the idea of a suicide pact, because we've got two big Chinese companies on both ends of the Panama Canal, who, if there's a war in INDOPACOM, Taiwan that involves us and China, these companies would be obligated to do the bidding of the Chinese Communist Party and PLA? I mean, are we kind of walking up to a very significant national security threat already? Eugene Kontorovich: Yeah, certainly, there's a threat. And I think what makes the action of the Chinese government so difficult to respond to, but important to respond to, is that they conceal this in sort of levels of gray without direct control. Sen. Dan Sullivan (R-AK): Let me ask you on that topic, as my last question, Professor, let's assume that we find out. And again, it wouldn't be surprising. I think you can almost assume it that these two companies have Chinese spies or military officials within the ranks of the employees of the companies. Let's assume we found that out, somehow that becomes public. But I don't think it's a big assumption. It's probably true right now. So you have spies and military personnel within the ranks of these two companies that are controlling both ends of the Panama Canal for you, Professor, and Chairman Sola, wouldn't that be a blatant violation of Article Five of the neutrality treaty, if that were true, which probably is true? Eugene Kontorovich: Yeah, I do think it would be a clear violation. As former Secretary of State, Dean Ross said at the ratification hearings, informal forces can violate Article Five as well as formal forces. Sen. Dan Sullivan (R-AK): Is there any evidence of Chinese spies or other nefarious Chinese actors embedded in these companies? Louis Sola: Senator, we have no information of that. That's not under the purview of -- Sen. Dan Sullivan (R-AK): But you agree that would be a violation of Article Five of the neutrality treaty? Louis Sola: I do. 1:26:25 Daniel Maffei: Senator Sullivan was talking about Hutchison Ports. That's actually the same company that runs terminals on both ends of the canal. I am concerned about that. However, if we want to be concerned about that, all of us should lose a lot more sleep than we're losing because if there are spies there, then there might be spies at other Hutchinson ports, and there are other Hutchinson ports in almost every part of the world. They own the largest container port in the United Kingdom, Felix Dow, which is responsible for nearly half of Britain's container trade. They control major maritime terminals in Argentina, Australia, the Bahamas, Germany, Indonesia, Mexico, Myanmar, the Netherlands, South Korea and Tanzania. If owning and managing adjacent ports means that China somehow has operational control or strategic control over the Panama Canal, they also have it over the Suez, the Singapore Straits, the Mediterranean Sea and the English Channel. 1:35:45 Louis Sola: The fees that I think we are looking at, or have been looked at, the reason that we went there was because of the auctioning of the slots. And so what Panama did is they had a smaller percentage, maybe 20% allocation, and then they moved it up to 30% and 40% because it became a money maker for them. So as they were doing -- Sen. Marsha Blackburn (R-TN): Okay, let me interject here. The auctioning of the slots gives these the right to skip the queue? Louis Sola: Yes, ma'am. Sen. Marsha Blackburn (R-TN): Okay, so just for the record there. Continue. Louis Sola: So the auctioning of the slots. Under maritime law, it's first come first serve, but Panama has always put a certain percentage aside, and they started to put more and more. So we got a lot of complaints. We got a lot of complaints from LNG carriers that paid $4 million to go through, and we got a lot of complaints from agriculture that didn't have the money to pay to go through, because their goods were gonna go down. So if you look at the financial statements -- I'm a nerd, I look at financial statements of everybody -- the canal increased the amount of revenue that they had from about $500 million to $1.8 billion in the last three years just because of those fees. So this is what is very concerning to us. 1:39:20 Sen. Amy Klobuchar (D-MN): Do you know of any instances where the United States has been singled out or treated unfairly under the neutrality treaty in the operation of the canal? Daniel Maffei: I do not. I would add that one of the reasons why saying the US is disproportionately affected by raises in Canal fees and other kinds of fees at the canal is because the United States disproportionately utilizes the canal. 1:44:55 Louis Sola: We have a US port there, SSA, out of Washington State that I actually worked on the development of that many years ago, and helped develop that. That used to be a United States Navy submarine base, and we converted that. As far as the two ports that we have, they're completely different. One is a major infrastructure footprint, and also a container port that's moving 4 million containers a year. That's really phenomenal amount. That's more than Miami, Fort Lauderdale, and you've probably got to get Tampa and a little bit of Jacksonville in there to get that type of volume. And on the other side, we have a very small port, but it's a very strategic port on the Atlantic. So how are the operations done?I don't know how they don't make money. I mean, if you want to come right down to it, if they've been operating the port for 20 years, and they say that they haven't made any money, so they haven't been able to pay the government. That's what concerns me is I don't believe that we're on a level playing field with the American ports. 1:58:50 Eugene Kontorovich: I think the charges and fees are less of an issue because they don't discriminate across countries. We pay more because we use more, but it's not nationally discriminatory. 1:59:00 Eugene Kontorovich: The presence of Chinese companies, especially Chinese state companies, but not limited to them, do raise serious issues and concerns for the neutrality of the treaty. And I should point out, in relation to some of the earlier questioning, the canal, for purposes of the neutrality treaty, is not limited just to the actual locks of the canal and the transit of ships through the canal. According to Annex One, paragraph one of the treaty, it includes also the entrances of the canal and the territorial sea of Panama adjacent to it. So all of the activities we're talking about are within the neutrality regime, the geographic scope of the neutrality regime in the treaty. 2:00:30 Daniel Maffei: I actually have to admit, I'm a little confused as to why some of the senators asking these questions, Senator Blackburn, aren't more concerned about the biggest port in the United Kingdom being run by the Chinese. Petraeus in the port nearest Athens, one of the biggest ports in the Mediterranean, is not just run by a Chinese-linked company, it's run directly by a Chinese-owned company, and I was there. So you're on to something, but if you're just focusing on Panama, that's only part. 2:01:45 Louis Sola: About a year ago, when we were having this drought issue, there was also a lot of focus on Iran and how they were funding Hamas and the Houthis because they were attacking the Red Sea. What the United States has found is that Iranian vessels are sometimes flagged by Panama in order to avoid sanctions, so that they could sell the fuel that they have, and then they can take that money and then they can use it as they wish. Panama, at the time, had a very complicated process to de-flag the vessels. There was an investigation, there was an appeals process. By the time that OFAC or Treasury would go ahead and identify one of those vessels, by the time that they were doing the appeals and stuff like this, they've already changed flags to somewhere else. So when we went to Panama, we met with the Panamanian president, and I must say that we were very impressed, because he was 30 minutes late, but he was breaking relations with Venezuela at the time because the election was the day before. We explained to him the situation. The very next day, we met with the maritime minister, with US embassy personnel and Panama actually adjusted their appeals process so to make it more expedient, so if the United States or OFAC would come and say that this Iranian vessel is avoiding sanctions, now we have a process in place to go ahead and do that, and 53 vessels were de-flagged because of that. 2:06:05 Sen. John Curtis (R-UT): Is there any reason that China can't watch or do whatever they want from this bridge to get the intel from these containers? And does that concern anybody? Louis Sola: Well, it definitely concerns Southern Command, because they've brought it up on numerous occasions that there could be some sort of surveillance or something like that on the bridges. 2:20:30 Sen. Tim Sheehy (R-MT): We segregate ourselves artificially in a way that they do not. We segregate ourselves. Let's talk about military. Let's talk about intelligence. Let's talk about economics. They don't. China doesn't work that way. It's a whole of government approach. They don't draw a delineation between an economics discussion and a military one. And their attack may not look like Pearl Harbor. It may look like an everyday ship that decides, you know, it pulls into the locks and blows itself up. And now the locks are non-functional for our usage, and we can't support an inter ocean fleet transfer, and our ability to defend it, as you referred to Chairman, is now inhibited by the fact that we no longer have the military infrastructure around the canal that we did just as recently as 1999. 2:21:10 Sen. Tim Sheehy (R-MT): So from a commercial perspective, do the shipping companies have concerns over the security of the narrow waterways? We've the Strait to Malacca, we've got the Suez Canal, we've got Gibraltar, we've got Panama. Is that a concern that's thrown around in the boardrooms of the largest shipping corporations in the world? Joseph Kramek: Senator, I think it's something they think about every day. I mean, really, it's drawn into sharp relief with the Red Sea. It was what I call a pink flamingo. There's black swans that just come up and there's pink flamingos that you can see, but you don't act. But no one really thought a whole lot that one of the most important waterways in the world could be denied, and moreover, that it could be denied for such a sustained period. The good news is that -- Sen. Tim Sheehy (R-MT): And denied, I might add, by a disaffected non-state actor of Bedouins running around with rocket launchers, who also managed to beat us in a 20 year war in Afghanistan. My point to saying all this is we're just debating operational control of the canal, yet it seems very clear to all of us that a very simple act can debilitate the canal and eliminate our ability to use it in a matter of minutes with no warning, and we have no ability to intervene or stop that. To me, that means we do not have operational control of the canal. 2:30:40 Daniel Maffei: I will say that certainly we need to look at other kinds of ways to get US companies in positions where they can truly compete with the Chinese on some of these things. Blaming it all on Panama really misses the point. I've seen the same thing in Greece, where Greece didn't want to give the concession of its largest port to a Chinese company, but because of its financial difficulties, it was getting pressure from international organizations such the IMF, Europe and even maybe some of the United States to do so. So I just ask you to look at that. 2:31:20 Daniel Maffei: Panamanians are making far more on their canal than they ever have before. That's not necessarily a bad thing, as long as it's going to the right place. But where they're really making the money is on these auctions, and that is why it remains a concern of mine and I'm sure the chairman's. That is where we are looking at, potentially, using our authority under Section 19 of the Merchant Marine Act where we could, if we can show that it is a problem with the foreign trade of the US, it's interfering with foreign trade of the US, there are certain things that we can do. Senate Foreign Relations Committee January 15, 2024 Clips 4:01:40 Marco Rubio: The thing with Panama on the canal is not new. I visited there. It was 2016. I think I've consistently seen people express concern about it, and it's encapsulized here in quote after quote. Let me tell you the former US ambassador who served under President Obama said: "the Chinese see in Panama what we saw in Panama throughout the 20th century, a maritime and aviation logistics hub." The immediate past head of Southern Command, General Laura Richardson, said, "I was just in Panama about a month ago and flying along the Panama Canal and looking at the state owned enterprises from the People's Republic of China on each side of the Panama Canal. They look like civilian companies or state owned enterprises that could be used for dual use and could be quickly changed over to a military capability." We see questions that were asked by the ranking member in the house China Select Committee, where he asked a witness and they agreed that in a time of conflict, China could use its presence on both ends of the canal as a choke point against the United States in a conflict situation. So the concerns about Panama have been expressed by people on both sides of the aisle for at least the entire time that I've been in the United States Senate, and they've only accelerated further. And this is a very legitimate issue that we face there. I'm not prepared to answer this question because I haven't looked at the legal research behind it yet, but I'm compelled to suspect that an argument could be made that the terms under which that canal were turned over have been violated. Because while technically, sovereignty over the canal has not been turned over to a foreign power, in reality, a foreign power today possesses, through their companies, which we know are not independent, the ability to turn the canal into a choke point in a moment of conflict. And that is a direct threat to the national interest and security the United States, and is particularly galling given the fact that we paid for it and that 5,000 Americans died making it. That said, Panama is a great partner on a lot of other issues, and I hope we can resolve this issue of the canal and of its security, and also continue to work with them cooperatively on a host of issues we share in common, including what to do with migration. 4:38:35 Sen. Mike Lee (R-UT): Now, President Trump has recently talked a little bit about the fact that there are some questions arising about the status of the Panama Canal. When we look to the treaty at issue, the treaty concerning the permanent neutrality and operation of the Panama Canal, we're reminded that some things maybe aren't quite as they should be there right now. Given that the Chinese now control major ports at the entry and the exit to the canal, it seems appropriate to say that there's at least an open question. There's some doubt as to whether the canal remains neutral. Would you agree with that assessment? Marco Rubio: Yes. Here's the challenge. Number one, I want to be clear about something. The Panamanian government, particularly its current office holders, are very friendly to the United States and very cooperative, and we want that to continue, and I want to bifurcate that from the broader issue of the canal. Now I am not, President Trump is not inventing this. This is something that's existed now for at least a decade. In my service here, I took a trip to Panama in 2017. When on that trip to Panama in 2017 it was the central issue we discussed about the canal, and that is that Chinese companies control port facilities at both ends of the canal, the east and the west, and the concerns among military officials and security officials, including in Panama, at that point, that that could one day be used as a choke point to impede commerce in a moment of conflict. Going back to that I -- earlier before you got here, and I don't want to have to dig through this folder to find it again, but -- basically cited how the immediate past head of Southern Command, just retired general Richardson, said she flew over the canal, looked down and saw those Chinese port facilities, and said Those look like dual use facilities that in a moment of conflict, could be weaponized against us. The bipartisan China commission over in the House last year, had testimony and hearings on this issue, and members of both parties expressed concern. The former ambassador to Panama under President Obama has expressed those concerns. This is a legitimate issue that needs to be confronted. The second point is the one you touched upon, and that is, look, could an argument be made, and I'm not prepared to answer it yet, because it's something we're going to have to study very carefully. But I think I have an inkling of I know where this is going to head. Can an argument be made that the Chinese basically have effective control of the canal anytime they want? Because if they order a Chinese company that controls the ports to shut it down or impede our transit, they will have to do so. There are no independent Chinese companies. They all exist because they've been identified as national champions. They're supported by the Chinese government. And if you don't do what they want, they find a new CEO, and you end up being replaced and removed. So they're under the complete control of their government. This is a legitimate question, and one that Senators Risch had some insight as well. He mentioned that in passing that needs to be looked at. This is not a joke. The Panama Canal issue is a very serious one. 4:44:30 Marco Rubio: In 2016 and 2017 that was well understood that part of the investments they made in Panama were conditioned upon Panama's ability to convince the Dominican Republic and other countries to flip their recognition away from Taiwan. That happened. Jen Briney's Recent Guest Appearances Travis Makes Money: Give and Take: Music by Editing Production Assistance

In the Gaming Hut we look at optional rules. What does it mean to designate a rule as optional, and what rules are we likely to put in that bucket? The History Hut profiles 19th century utopian sect leader Barthélemy-Prosper Enfantin, who advocated for free love and the Suez Canal. Prompted from a question by […]

Exactly a month into his new term, President Donald Trump's latest major pick, Kash Patel, has been appointed as the Director of the Federal Bureau of Investigation after a grueling confirmation in the US Senate. Tulsi Gabbard had earlier been confirmed as the Director of National Intelligence. Both these are positive from India's point of view: they signal that the sinister Deep State may well be reined in, after decades of anti-India activism on its part.Over the last week or two, there have been revelations after revelations of bad faith on the part of the disgraced US establishment, most notably in the shadowy USAID agency, which, it appears, was the absolute “Heart of Darkness” of the Deep State, neck-deep in covert operations, election interference, and general mayhem all over the world, and certainly in India.Trump himself emphasized that $21 million in covert funds had gone towards affecting election outcomes in India. Presumably the reduced majority Modi got in 2024 could be traced back to this. Fortress AmericaThe general contours of Trump's foreign policy are beginning to emerge. I predicted a month ago, before Trump had taken over, in ‘Greenland, Canada, Panama: Chronicles of a Foreign Policy Foretold', that Western Europe, and the United Kingdom in particular, would find themselves treated as irrelevant to the new order to come. That has happened.In fact, things have gone beyond what I anticipated. In a nutshell, Trump is downgrading the Atlantic, and his focus will be on the Americas, the Middle East, and the Indo-Pacific. Which, from a historical perspective, makes sense: the world's economic center of gravity is moving towards Asia; trade flows in the Pacific and the Indian Oceans are increasingly more important than in the Atlantic; and a few centuries of European domination are pretty much over.Sorry Europe, Atlanticism is at an endTo put it bluntly, the vanity that Europe is a ‘continent' is now being exposed as hollow: to be precise, it is merely an appendage, an outpost, to vast Asia. Europe is at best a subcontinent, like India is; it should probably be renamed as ‘Northwest Asia'. The saga of ‘Guns, Germs and Steel' post the Industrial Revolution is winding down rapidly. There is some schadenfreude in that the UK becomes even more irrelevant: just a small, rainy island off NW Asia.The Putin-Trump dialog suggests that Ukraine, and even NATO, are now superfluous. Atlanticism has been a constant in US foreign policy, mostly pushed by two forces:* Eastern European-origin State Department officials who have inherited a blood-feud with Russia from their ancestors, eg. Brzezinski, Albright, Nuland, Blinken, Vindman* an ancient intra-Christian schism between the Eastern Orthodox Church and (for a change) an alliance of Roman Catholics and Western Protestants like Lutherans, Anglicans and Calvinists.It is time that the Americans realized they've been turned into cats'-paws by these forces, and turned their backs on these ancient animosities, which have almost no relevance today. In fact one could argue that a NATO-Russian alliance is the right solution in the medium term, because otherwise both could become puppets of China. Bringing the Ukraine war to an end is a start.The general tone of the Trump White House implies a Fortress America. In practice, this seems to mean that instead of being Globocop, the US focuses on a) the Americas, North and South, b) the Pacific Ocean, d) the Indian Ocean, in that order.A new Monroe Doctrine in the AmericasThe attention being paid to Canada and Mexico over and above the tariffs issues suggests that there is a plan to create a stronger and more unified North American entity; the noises about “Canada the 51st state” and “Gulf of America” suggest that maybe a new NAFTA-style agreement could be inked, especially now that the warming Arctic Ocean makes the thawing tundra of Canada more appealing.It is true that there is no immediate thrust for a Monroe Doctrine-style exclusive US ‘sphere of influence' in South America, but I suspect it is coming. Already, there have been positive vibes between Trump and Argentina's Milei, and Salvador's Bukele: the former for his DOGE-style chainsaw-wielding that's showing results, and the latter for his strong law enforcement.The Island Chains and other red lines in the PacificIn the Pacific, there has been pushback against China's moves on the Panama Canal: there are two Hong-Kong-based entities (read proxies of the Chinese government) controlling ports around it: Balboa on the Pacific side, and Cristobal on the Atlantic side.On the other hand, there is increasing global support (with the judicious use of Chinese carrots such as BRI) for the annexation of Taiwan by China, including, if necessary, by force. A Lowy Institute study (“Five One Chinas: The Contest to Define Taiwan”) suggests that some 119 UN member states accept the official Chinese position on ‘reunification'. Only 40 countries are not on board with China's claim of sovereignty over Taiwan.It is very likely that there will be a showdown between the US and China over Taiwan, within the next two years. It is said that Xi Jinping has given a timeframe of 2027 for all this. It will be interesting to see how many states that condemned Russia's invasion of Ukraine will condemn China's future attack on Taiwan. Chances are that many will be strategically silent.Japan, Australia, South Korea and other friends of the US will have a hard time keeping the peace in the Pacific. The “Three Island Chains” act as increasingly critical red lines to contain an aggressive China. In fact, the Asia Maritime Initiative is speaking of five island chains (“China's Reach Has Grown, So Should the Island Chains”), including those in the Indian Ocean (remember the “String of Pearls” intended to tighten around India's throat).The three island chains: 1. Taiwan, Japan, Philippines; 2. Guam, Marianas; 3. Hawaii(Source: China is making waves in the Pacific, Alexandra Tirziu, Jan 2024 https://www.gisreportsonline.com/r/china-pacific-conflict/)Meanwhile, in a show of aggression far from its shores, three Chinese warships indulged in “live firing” in international waters between Australia and New Zealand, and commercial aircraft were warned to keep away. This is a warning to Australia, which, thanks to AUKUS foolishness, cancelled French submarines and now await British submarines… in the 2040s.The increasing relevance of the Indian Ocean and the Middle EastMuch of the world's trade, including 75% of global maritime trade and 50% of its daily oil shipments, go through the Indian Ocean.The main issues will be the control of the Straits of Malacca and Hormuz, and the alternative routes being explored by China via the Isthmus of Kra in Thailand, possible use of Coco Islands and other Myanmarese ports including Sittwe and (a bit of a stretch for China) access to Chittagong. There are also troublesome pirates, including Houthis, that make for perilous journeys leading to the Suez Canal, the Gulf of Aden, and the Red Sea.Interestingly, the US is making moves in the Indian Ocean that will support both the IMEC (India-Middle East-Europe Economic Corridor) and I2U2, the India-Israel-UAE-US economic partnership. IMEC is the old Spice Route, revivified.There is also the proposed Ben-Gurion Canal through the Negev Desert in Israel that would benefit Saudi Arabia as well (its futuristic NEOM city is nearby), and this would be made feasible by Trump's proposed transformation of Gaza. It would be an alternative to Suez.Following up on the Abraham Accords, Trump 2.0 would like to bring the Gaza war to an end, and create an environment in the Middle East where Israel, Saudi Arabia, the UAE et al will form a counter and a buffer to the machinations of Iran and Turkey.The Indo-US joint communique is a statement of intentIt is in this global context that we need to analyze the joint communique between the US and India after the Trump-Modi summit. Both nations will be attempting to advance their own strategic doctrines. The US would like India to become a non-treaty ally. India would like to keep its multi-alignment policy going, along with Atmanirbharatha. These may make any bilateral progress a little rough but some give and take will work.There are a few specific areas of interest:* Defense* There is an effort by the US to wean India away from its dependency on Russia for weapons. The most evident carrot here is the F-35 advanced fighter jet, which has now been offered to India for the first time, along with other conventional weapons such as Javelin anti-tank missiles, Stryker infantry combat vehicles, as well as the P8i Poseidon anti-submarine patrol aircraft, and various drones* The P8i is already in service in India, and it would help keep an eye on the southern Bay of Bengal with its proximity to China's submarine pen on Hainan Island* The F-35 raises some questions. In the Bangalore Air Show it was pitted against the Russian Su-57, which is a lot less expensive. Also, the F-35 needs extraordinary levels of maintenance for its ‘stealth' coating. Finally, should India invest in building its own AMCA 5th-generation fighter jet rather than buying?* Even though there will be co-production agreements, the US is a whimsical supplier (remember Tarapur), and there will be little transfer of technology, so military procurement and cooperation must be carefully thought through by India* Trade and Investment* The goal is to reach $500 billion in bilateral trade by 2030, which would involve a doubling from current levels ($200 billion in 2023). Besides, the Trump doctrine of reciprocal tariffs and zero trade imbalance may make some of this difficult* Indian firms are planning to invest $7.35 billion in the US* Energy* India will now get access to US civil nuclear technology, but there's a small twist: the clauses invoking civil liability for nuclear damage will be deleted. This is reminiscent of Pfizer's covid-era contract with developing countries: Pfizer was assured of indemnity (with the local governments being liable) in case of injury or death caused by its vaccine. This sounds like a bad idea* India will increase its purchases of US oil and natural gas. This is a win-win: it will increase US imports to India, thus reducing the trade deficit, and India will be assured of additional supplies* Technology and Innovation* A whole raft of actions have been proposed, including a tie-up between the US National Science Foundation and the Anusandhan National Research Foundation in India, a program called TRUST, another called INDUS innovation, and one in the area of space collaboration, titled NISAR* Multilateral Cooperation* The Quad, IMEC and I2U2 figured in communique, but also something called the Indian Ocean Strategic Venture. I note this nomenclature progress with approval: there used to be the Asia-Pacific, then it was the Indo-Pacific, and now the Indian Ocean is being singled out* In the area of counter-terrorism, the communique explicitly named Pakistani entities such as Jaish-e-Mohammed and Lashkar-e-Toiba, among others. This is a welcome change from the shadow-boxing indulged in by the Biden administration and others, whereby Pakistani terrorists were treated as ‘assets'* The extradition of Tahawwur Rana, a Pakistani-Canadian now in a Los Angeles jail, to India for investigation into his role supporting David Headley, in the 26/11/2008 terror attacks in Mumbai, is a welcome sign, after the curious Biden exertions in the Pannun case* People to people links* Indian parents are spending $8 billion a year to support 300,000 Indian students in the US. This amounts to a sort of ‘foreign aid', and also incidentally supplies a lot of especially STEM graduates to the US economy* Facilitating visas, which have become frustratingly difficult for Indian business and leisure travelers to the US. Last year, the wait for just a visa interview was 452 days in Chennai (as compared to 15 days in Beijing), which probably was the result ot the Biden State Department ‘punishing' India for refusing to toe their Ukraine sanctions line* The legal movement of students and professionals between the two countries is to be eased.Overall, this is a statement of intent: both Modi and Trump are laying their cards on the table, and they will both (as they should) bargain hard to benefit their own nations. But India is no longer being treated as a pariah as it was since the Pokhran blasts, the denial of cryogenic rocket engines (via, yes, the Biden Amendment), and so on.As Trump moves towards the inevitable multipolar world, he does not wish to leave Asia to eager hegemon China; as he wishes to move the US out of military entanglements in far-off places (for which he expects Europe and others to bear the burden of their own defense), it is natural for him to want India to punch its weight in Asia.A mutually beneficial relationship free of the supercilious lectures by previous Democratic administrations (eg Daleep Singh on Ukraine sanctions, and he was, ironically enough, the great-grand-nephew of Dalip Singh Saund) would be welcome from the Indian point of view. Having a counterweight to China, and a G3 instead of a G2, would likewise be useful from the US point of view. Thus, there are glimpses of a possible win-win situation.2222 words, 22-02-2025 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit rajeevsrinivasan.substack.com/subscribe

On today's program, sponsored by HII, Byron Callan of the independent Washington research firm Capital Alpha Partners and Chris Servello, the co-host of our Cavas Ships podcast joins Defense & Aerospace Report Editor Vago Muradian to discuss a week that sent allies and partners scrambling as President Trump moves to end the Ukraine war, rehabilitate Vladimir Putin, support Kyiv only if it hands over right to half its rare earth mineral deposits, and his team encourages hard right parties in Europe; Trump's suggestion that a deal with Russia and China would allow defense spending to be cut by 50 percent; 25 percent tariffs on aluminum and steel; after a few strong messaging weeks, the administration's game slips; Defense Secretary Pete Hegseth's drive to reallocate 8 percent of the Pentagon budget for new priorities contained in his 2026 budget planning guidance to the military services that would protect border, strategic deterrent programs, nuclear submarine and unmanned efforts, but would target the F-35 Lightning II fighter and other manned platforms as well as Army programs to pay for the “Iron Dome” air and missile defense system; Callan's four scenarios to consider in light of the current chaos; an update on the collision between USS Harry S. Truman and a the merchant bulk carrier Besiktas-M on the entry to the Suez Canal; and a look at the week ahead.

2025 has gotten off to what might generously be described as an ‘uncertain start'.The one thing people want right now is clarity.  Or at least some idea of what might be the next impact on supply chains.One of the most consistent issues facing sourcing directors and supply chain managers has been logistics.After years of unprecedented disruptions, logistics could be the one blessing in an increasingly chaotic sourcing landscape.To get an insider's view of what we might expect to see this year, I sat down with Zvi Schreiber, founder and CEO of Freightos, the leading digital booking platform for the air and ocean freight industry.In addition to founding Freigtos, Zvi  is a recognized LogTech leader.  He previously was CEO of Lightech (acquired by GE), and of Unicorn (acquired by IBM). Zvi holds a PhD in computer science and is author of Fizz, the history of physics in a novel, and of Money, Going out of Style, which explores money & economics.In this episode, Zvi will be sharing his insights on:- The impact on air cargo that a removal of the de minimus exemption might have.- What could happen to ocean rates if carriers return to the Suez Canal.USEFUL LINKS:www.freightos.comthecurrentsituation.netLooking to be a podcast guest?  Here's the link:  https://seat.fm/be-a-guest/Visit A Seat at The Table's website at https://seat.fm

Today's story takes place off the coast of Somalia, a country in Africa. If you look at Africa on a map, you'll see Somalia on the east coast, right on the water of the Indian Ocean. In fact, of all the countries in Africa, Somalia is the one with the longest coastline. And for the Americans listening, to give you an idea of how big it is, Somalia is almost the same size as the US state of Texas. But here's the thing about Somalia. It's considered to be one of the poorest countries in the world. I mean, here in Florida, we have homeless people. Some of you know, I work with a group here to help the homeless population get the things they need. But in Somalia, literally half of the people in that country don't have a home or any kind of permanent residence. This means there are millions of people who are desperate, and hungry, and they're vulnerable to abuse. And just on the north side of Somalia is the Gulf of Aden. This is a very popular water route for large ships carrying lots of cargo, headed either to or from the Suez Canal. In fact, each year there are around 20,000 of these ships passing by. That's more than 50 ships every single day. So there's a certain sector of the Somali population who sees all this valuable cargo going by each day, and they see an opportunity to make money. These are modern day pirates. They see many of these big ships as easy targets. I mean if there's a large cargo ship carrying manufactured goods, they just want to get from point A to point B. They typically aren't equipped to fight off or defend their ship from being hijacked and held for ransom. But today we're going to hear a story from Robert. There was a time he was on one of those big ships, off the coast of Somalia. The pirates saw it as easy money. What they didn't see was that Robert's ship, the one being attacked, was a warship in the US Navy. This is a flashback episode – Robert told this story on the podcast a few years ago. So hang around to hear what's going on with him more recently. Graphics for this episode by Bob Bretz. Transcription was done by James Lai. Want to discuss this episode and other things with thousands of other WWTL listeners? Join our podcast Facebook group at WhatWasThatLike.com/facebook (many of the podcast guests are there as well) Get every episode ad-free, AND get all the Raw Audio exclusive episodes to binge, by joining the other listeners at What Was That Like PLUS. Try What Was That Like PLUS free: iPhone: at the top of the What Was That Like podcast feed, click on “Try free” Android: on your phone, go to WhatWasThatLike.com/PLUS and click to try it free on any app Sponsor deals: Go to bluenile.com to shop Blue Nile, the original online jeweler since 1999! Follow “MrBallen Podcast: Strange, Dark and Mysterious Stories” on Amazon Music or wherever you get your podcasts. This episode is sponsored by BetterHelp. Give online therapy a try at BetterHelp.com/WHATWAS and get on your way to being your best self. To get 15% off your next gift, go to UNCOMMONGOODS.com/WHATWAS  Sign up today at https://www.butcherbox.com/whatwas and use code whatwas to get chicken breast, salmon or ground beef FREE in every order for a year, plus $20 off your first order. Cut your wireless bill to 15 bucks a month at mintmobile.com/WHAT Go to Quince.com/whatwas for free shipping on your order and 365-day returns! Go to cookunity.com/What or enter code What before checkout for 50% off your first week. Go to Seed.com/what and use code 25WHAT to get 25% off your first month. Go to storyworth.com/what to save $10 on your first purchase! Get 15% off OneSkin with the code [WHATWAS] at https://www.oneskin.co/ #oneskinpod Cancel your unwanted subscriptions by going to RocketMoney.com/whatwas. Learn more about your ad choices. Visit megaphone.fm/adchoices

//The Wire//2300Z February 13, 2025////ROUTINE////BLUF: VEHICLE RAMMING ATTACK STRIKES GERMANY. STABBING ATTACK REPORTED NEAR TURKISH CONSULATE IN LONDON. US NAVY AIRCRAFT CARRIER COLLIDES WITH MERCHANT VESSEL IN EGYPT.// -----BEGIN TEARLINE------International Events-Germany: Early this morning a vehicle ramming attack was conducted in the city of Munich, resulting in the wounding of 28x people who were participating in a labor strike protest demonstration. Two people remain in serious condition, which are a mother and small child. The suspect, who has been identified as "Farhad N.", is an immigrant from Afghanistan who was allegedly already marked for deportation due to prior criminal offenses.AC: Of note, American Vice President JD Vance and Ukrainian leader Volodymyr Zelenskyy were scheduled to meet in Munich for a security conference. As this is a developing situation this morning, it is not clear as to how this terror attack may impact the scheduling of the security conference.Middle East: This afternoon the USS HARRY S. TRUMAN (CVN 75) was involved in a collision with a commercial vessel in the vicinity of Port Said in Egypt. The TRUMAN collided with the M/V BESITKAS-M, a bulk cargo carrier flagged out of Panama, and did not experience any flooding. AC: Very few details have come to light regarding how an American aircraft carrier can even be involved in a collision (due to being surrounded by escort ships and host to extreme levels of security), however it's possible that the collision took place in the very busy waterways leading to the Suez Canal. Even taking into account the challenges of maritime navigation through these waters, it is hard to imagine a scenario in which a collision with an aircraft carrier can occur.United Kingdom: Limited reporting on social media this afternoon indicated that an incident took place outside the Turkish Consulate in London. A man approached the Consulate and set a Koran on fire while standing on the sidewalk outside the compound. A random passerby promptly stabbed the man. AC: Absolutely zero British media has covered this story, or even mentioned that it happened. As such, no details can verify that this incident actually happened, beyond video evidence posted on social media.-----END TEARLINE-----Analyst Comments: The horrific attack in Munich is made more poignant in the context of local German political activity. Three days ago, a very large demonstration involving an estimated 200,000 Germans was carried out in Munich, specifically in opposition to both the AfD political party, and various immigration issues. Three days later, one of the "immigrants" that those people were protesting to keep in their nation, rams his vehicle into a crowd.As a result (and very likely intended to get ahead of this tragedy reigniting immigration issues), outgoing Chancellor Scholz immediately called for the attacker to be punished and deported, a sharp departure from Germany's very pro-immigration stance across most of the nation. Scholz's very likely replacement, Friedrich Merz, echoed the same sentiments while on the campaign trail, stating that "something has to change in Germany". However, all of this rhetoric is very likely to be more of a knee-jerk reaction rather than a genuine change of heart or policy. For instance, immediately following his statements this morning, Merz announced a new targeting effort aimed at Elon Musk, for allowing Merz's political opposition (yet also very likely to be a coalition partner, the AfD party) to have a presence on Twitter/X.Analyst: S2A1Research: https://publish.obsidian.md/s2underground//END REPORT//

Warren Brown on driving through 80 countries in searing heat and pouring rain in a vintage Bean car, while recreating the 1927 world tour of Australian motorist, Francis BirtlesToday we bring you the next chapter in the adventurous exploits of author and cartoonist Warren Brown.Some years ago Warren Brown stumbled on the true story of a pioneering Australian motorist, Francis Birtles, who set out to drive a 'Bean' car from London to Melbourne in 1927.For nine months he rattled through Europe, Turkey, Iran and India, through murderous mountain ranges and blustering blizzards.Warren has just returned from his own recreation of Birtles' epic journey, in the very same model of car and 1920s outfits. He and his co-pilot Matthew Benns travelled through 80 countries in the open-top car in searing heat and pouring rain while recreating Beans' escapades.To his great surprise, while they were en route, their trip made them accidental celebrities in Saudi Arabia.This episode of Conversations explores modern history, Australiana, Australian explorers, car rallies, Peking to Paris, motorsport, motoring, motoring history, automobiles, Gaza, Suez Canal, travel, Ford, historical re-enactment, politics, Saudi Arabia, Iran, Pakistan, Middle East, Cairo, Pyramids, royal family, Laurence of Arabia.

Did you know a 60 year old woman from Yorkshire was the reason that ship got stuck in the Suez Canal? Also the origin of drums and my first EVER flat tyre! What a time for me. Enjoy x

In past episodes of Do You Really Know, we've talked about a number of Scandinavian lifestyle trends, like death cleaning and hygge for example. Both of those are inspired by similar sentiments; to do with feeling good in surroundings that aren't overflowing with useless items. And yet, in recent months, we've been hearing more and more about a home decor trend that's the complete opposite. Maximalism is making a comeback! The signs have been there at furniture shows, such as the 2022 Milan Furniture Fair where Dimore Studio displayed a maximalist interior that got a lot of attention. Of course, influencers have been sharing pictures and videos of their interiors on social media too. Where does this desire for maximalism come from? How can I bring maximalism into my home then? In under 3 minutes, we answer your questions! To listen to the latest episodes, click here: What is the best way to soothe a crying baby? What is the Suez Canal? Who are the main victims of natural disasters? A Bababam Originals podcast written and produced by Joseph Chance. First Broadcast: 13/11/2022 Learn more about your ad choices. Visit megaphone.fm/adchoices

Chris and Damola from Spearhead Spirits stop by to talk about their quest to bring African spirits out of obscurity and onto the back bar. With a vodka, a gin made with African botanicals and an agave spirit (much to Greg's delight) the two are on a mission to introduce the world to a range of flavors they didn't know they didn't know about. Together they talk about starting a company right around the time the Suez Canal got jammed, getting agave to grow on a whole new continent, and their plans for the future.Plus, Amor y Amargo is back in its old space and Greg's old boss is back in the news! One's good, one's not so good. You can probably figure out which is which but tune in anyway.Follow Bayab Gin on instagram at @bayabginFollow Sango Agave on instagram at @sangoafricanagaveLove The Speakeasy but wish there was more? Check out Bottled in Bond, our new Patreon podcast exclusively for you, our best regulars! Join now for sponsor-free listening, video podcasts, access to pre-sales and drink recipes from all our guests. Higher proof and aged to perfection, check it out now at patreon.com/BottledinBondCheck out Quiote Imports at quioteimports.com and use promo code “Speakeasy” to get free shipping at checkout. Don't forget to click SUBSCRIBE and RATE the show if you can. 

How might the recent threat from US President-elect Donald Trump impact practitioners in this space? In this recent crossover episode of the Contested Ground podcast, Jerome Doraisamy, editor of Lawyers Weekly, sat down with The Shipping Lawyer, Alison Cusack, to discuss the shipping law landscape in 2024 and what was learnt from that year, the recent threat from Donald Trump to take back control of the Panama Canal and the history of the canal (and lessons from the Suez Canal experience). Cusack also discusses the frequency with which shipping lawyers have to adapt to geopolitical shifts and navigate client expectations. Enjoy the podcast, The Contested Ground team

Shipping lawyers are not strangers to pivoting in the face of overnight geopolitical and legal changes. How might the recent threat from US President-elect Donald Trump impact practitioners in this space? In this episode of The Lawyers Weekly Show, host Jerome Doraisamy welcomes back The Shipping Lawyer, Alison Cusack, to discuss the shipping law landscape in 2024 and what was learnt from that year, the recent threat from Donald Trump to take back control of the Panama Canal and the history of the canal (and lessons from the Suez Canal experience). Cusack also discusses the frequency with which shipping lawyers have to adapt to geopolitical shifts and navigate client expectations, how best such lawyers can roll with the punches, the fatigue that can set in amid so much change, and what she's looking forward to in the year ahead. If you like this episode, show your support by  rating us or leaving a review on Apple Podcasts (The Lawyers Weekly Show) and by following Lawyers Weekly on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email editor@lawyersweekly.com.au for more insights!

THE FIRES burning around Los Angeles have led to conspiracy theories speculating on the cause. It's really this simple: Poor management of resources in an area that was prone to wildfires long before white settlers began building cities there. Meanwhile, the conflict for control of Syria as a key route for natural gas pipelines flared up again in December. On the one side is the Sunni pipeline, backed by the US, routing gas from the Persian Gulf through Qatar, Saudi Arabia, Jordan, Syria, and Türkiye to Europe; on the other, the Shia pipeline, backed by Russia, taking gas from Iran through Iraq to Syria, and then by tanker to Europe. While this unfolds, Jewish Press reports that Egypt is preparing for war with Israel, constructing concrete barriers in the Sinai and building tunnels and bridges to carry troops quickly across the Suez Canal.  We also discuss the three blood moons coming in the next 14 months. Two of them fall directly on Purim, the Jewish celebration of their rescue from Haman by Esther, queen to the Persian King Artaxerxes. Are these signs in the heavens significant given the recent conflict between Iran and Israel? We don't know, but time will tell. Our new book The Gates of Hell is now available in paperback, Kindle, and as an audiobook at Audible! Derek's new book Destination: Earth, co-authored with Donna Howell and Allie Anderson, is now available in paperback, Kindle, and as an audiobook at Audible! Sharon's niece, Sarah Sachleben, was recently diagnosed with stage 4 bowel cancer, and the medical bills are piling up. If you are led to help, please go to GilbertHouse.org/hopeforsarah. Follow us! X (formerly Twitter): @pidradio | @sharonkgilbert | @derekgilbert | @gilberthouse_tvTelegram: t.me/gilberthouse | t.me/sharonsroom | t.me/viewfromthebunkerYouTube: @GilbertHouse | @UnravelingRevelationFacebook.com/pidradio ——————Thank you for making our Build Barn Better project a reality! Our 1,200 square foot pole barn has a new HVAC system, epoxy floor, 100-amp electric service, new windows, insulation, lights, and ceiling fans! If you are so led, you can help out by clicking here: gilberthouse.org/donate. Get our free app! It connects you to this podcast, our weekly Bible studies, and our weekly video programs Unraveling Revelation and A View from the Bunker. The app is available for iOS, Android, Roku, and Apple TV. Links to the app stores are at pidradio.com/app. Video on demand of our best teachings! Stream presentations and teachings based on our research at our new video on demand site: gilberthouse.org/video! Check out our online store! GilbertHouse.org/store is a virtual book table with books and DVDs related to our weekly Bible study. Take advantage of our monthly specials! And check out our new line of T-shirts and mugs! Think better, feel better! Our partners at Simply Clean Foods offer freeze-dried, 100% GMO-free food and delicious, vacuum-packed fair trade coffee from Honduras. Find out more at GilbertHouse.org/store/.——————NEW DATES FOR OUR ISRAEL TOUR: Due to the war, our 2025 tour will now visit the Holy Land in October, 2025 (firm dates to be announced shortly). This tour features special guests Dr. Judd Burton and Doug Van Dorn! For more information, log on to GilbertHouse.org/travel.

Tom Bodrovics welcomes back long-term contrarian investor and entrepreneur Simon Mikhailovich for a discussion centered around first principles, focusing on precious metals, commodities, economics, geopolitics, trade, and monetary matters. The conversation begins with the acknowledgement of high levels of uncertainty and complexity, making accurate forecasts challenging. Mikhailovich distinguishes between speculating on precious metals versus using them as a reserve asset. For speculation, market drivers are pertinent. However, for gold as a reserve asset, its unique property as the only financial asset without a counterparty makes it inversely correlated to confidence and trust in other people's promises. The conversation touches upon the concept of the fourth turning and where we are in this cycle. Mikhailovich underscores the significance of understanding current problems before predicting future demand for gold. He also discusses how post-World War II arrangements have led to the United States' hegemonic role economically and militarily, and the start of financialization and globalization. Mikhailovich raises concerns about understated inflation and its potential impact on real economic growth or contraction. He also highlights the lack of clear guidance from Federal Reserve Chairman Jay Powell in navigating through uncertain conditions. They explore the winners and losers of the global economy, with tactical gains for Wall Street investors, technology industries, and certain countries like China. However, working people have been losing due to job outsourcing. Mikhailovich mentions China's growing power and desire for independence from the United States as potential challenges to the current economic order. The conversation delves into geopolitical tensions in the Middle East, with borders becoming less inviolable after World War One and World War Two. The Suez Canal's declining traffic and resulting increased costs serve as an example of inflationary pressures. Mikhailovich discusses the significance of gold as a financial asset and its increasing demand, particularly from China and other countries, as a response to a loss of confidence in the global financial system. He also mentions the relationship between digital currencies like Bitcoin and the US dollar, suggesting that regulatory actions could impact their independence from the dollar and the broader financial system. Lastly, Simon emphasizes understanding the complexities, considering various data points, focusing on resiliency, and looking at first principles. Time Stamp References:0:00 - Introduction0:44 - Uncertainties & Metals4:22 - The Fourth Turning9:00 - Statistics & Reality17:00 - Wars, Rumors & Borders26:47 - Economic Fragility33:55 - Gold & Eastern Buying38:30 - Trump & U.S. Dollar41:18 - Gold & Confidence50:07 - Trump & Bond Markets53:56 - World Has Changed1:03:02 - Inflation Vs. Panic1:05:20 - Socialism & Competence1:10:02 - A Serious Situation1:13:13 - Wrap Up Talking Points From This Episode Gold as a reserve asset is inversely correlated to confidence in other people's promises. Understanding current problems before predicting future demand for gold is crucial. Concerns about understated inflation, lack of clear guidance from Jay Powell, and China's growing power pose challenges. Guest Links:Twitter: https://c.com/S_MikhailovichWebsite: https://www.bullionreserve.com Simon A. Mikhailovich is a co-founder, lead manager of The Bullion Reserve, and a director. Mr. Mikhailovich is an entrepreneur and contrarian investor who predicted and profited from the financial crises of 2000 and 2008. Before co-founding TBR in 2014, Mr. Mikhailovich co-founded Eidesis Capital, a special situations investment firm. Between 1998 and 2014, the Eidesis team deployed over $2.5B of capital through special opportunity funds focused on high yield corporate bonds and loans, credit derivatives, distressed CDOs and MBS, and gold.

Dominic Carter hosts a special New Year's Day show featuring Red Apple Audio Networks owners John and Margo Catsimatidis, their son John Jr., and Rita Cosby. As they usher in 2025, the conversation covers big political shifts, particularly the anticipated inauguration of President Trump. Discussions include geopolitical concerns, such as the closure of the Suez Canal, and the effects on gas prices, as well as social issues within America. The Catsimatidis family shares their dedication to WABC, their efforts in community service, and their personal tales, adding a heartfelt touch to the episode. The show also features listener calls, bringing diverse perspectives and questions, mingled with aspirations for a better year ahead. Learn more about your ad choices. Visit megaphone.fm/adchoices

In 1941, in the midst of the North Africa Campaign, the British found themselves on the ropes.  Under General Erwin Rommel's leadership, the German advance threatened Cairo and the Suez Canal.  The one thing that was stopping the Germans was that the British still held the strategic port city of Tobruk in Libya.  For over half a year, the Germans laid siege to the city, and the British tried to relieve it. Learn more about the Siege of Tobruk and its importance in the North Africa campaign on this episode of Everything Everywhere Daily. Sponsors Mint Mobile Cut your wireless bill to 15 bucks a month at mintmobile.com/eed MasterClass Get up to 50% off at MASTERCLASS.COM/EVERYWHERE Quince Go to quince.com/daily for 365-day returns, plus free shipping on your order! ButcherBox New users that sign up for ButcherBox will receive 2 lbs of grass-fed ground beef in every box for the lifetime of their subscription + $20 off your first box when you use code daily at checkout! Subscribe to the podcast!  https://everything-everywhere.com/everything-everywhere-daily-podcast/ -------------------------------- Executive Producer: Charles Daniel Associate Producers: Ben Long & Cameron Kieffer   Become a supporter on Patreon: https://www.patreon.com/everythingeverywhere Update your podcast app at newpodcastapps.com Discord Server: https://discord.gg/UkRUJFh Instagram: https://www.instagram.com/everythingeverywhere/ Facebook Group: https://www.facebook.com/groups/everythingeverywheredaily Twitter: https://twitter.com/everywheretrip Website: https://everything-everywhere.com/  Learn more about your ad choices. Visit megaphone.fm/adchoices

Send us a textImagine starting your day with a simple routine, like savoring a cup of coffee, and considering how ancient rituals still echo in our modern practices. Join me as we journey back to ancient Macedonia, where the legendary Alexander the Great, a young conqueror tutored by Aristotle, laid the foundation for the world as we know it. His influence transcended his time, impacting cultures, ideologies, and the very fabric of Western thought. Reflect alongside me on the lasting footsteps of history's greatest figures and how their paths continue to shape our lives today.Explore the vast maritime realms charted by Alexander and his admiral Nearchus, whose strategic establishments of port cities like Alexandria became keystones of trade and cultural exchange. Discover the enduring legacy of the Library of Alexandria in shaping intellectual pursuits and its possible influences from Egyptian knowledge. We delve into how these ancient endeavors set the stage for modern global commerce, particularly in the bustling regions of the Mediterranean and Persian Gulf, and consider the long-reaching impact of Alexander's vision on today's economic frameworks, such as the Suez Canal. Engage with us as we reflect on how historical integration has influenced modern economic hubs and cultural connections across continents.Support the showYou can support this show via the link below;https://www.buzzsprout.com/1718587/supporters/new

Website:  https://www.themnemonictreepodcast.com/Facebook:  https://www.facebook.com/themnemonictreepodcastThe Suez Canal - Top 5 Facts·         Intro·         Wikipedia Summary·         Mnemonic·         Five Fun Facts·         Three - Question Quiz·         Word of the Week

Yaniv Eidelstein and Will Youmans join Mike to discuss Avanti Popolo (1986), from writer/director Rafi Bukai. Set at the end of the Six-Day War, this poetic and darkly comedic masterpiece follows a group of Egyptian soldiers navigating the vast Sinai Desert on their journey to the Suez Canal. Along the way, they're thrust into surreal and precarious scenarios, exposing the absurdity and humanity of war.We explore the film's rich cultural commentary and unforgettable performances. Plus, we welcome the film's editor, Zohar Sela, who provides behind-the-scenes insights into the creative process and the enduring impact of Bukai's vision.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-projection-booth-podcast--5513239/support.

Yaniv Eidelstein and Will Youmans join Mike to discuss Avanti Popolo (1986), from writer/director Rafi Bukai. Set at the end of the Six-Day War, this poetic and darkly comedic masterpiece follows a group of Egyptian soldiers navigating the vast Sinai Desert on their journey to the Suez Canal. Along the way, they're thrust into surreal and precarious scenarios, exposing the absurdity and humanity of war.We explore the film's rich cultural commentary and unforgettable performances. Plus, we welcome the film's editor, Zohar Sela, who provides behind-the-scenes insights into the creative process and the enduring impact of Bukai's vision.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-projection-booth-podcast--5513239/support.

"Trouble in the Suez...." Billy Joel sang about it in We Didn't Start the Fire and until researching this episode I had no idea what trouble he was talking about. The Suez Canal is a man-made waterway connecting the Red Sea (that little stretch of sea nestled between Africa and the Middle East) and the Mediterranean Sea. Basically it connects the Indian Ocean to the Med eliminating that lengthy and dangerous trip around the south of Africa. Well I'm sure you can imagine the kind of money you could make charging ships for taking your shortcut. Located in Egypt, designed by a Frenchman, funded by the Ottomans, and coveted by the British. The construction of the canal was on another level. and if that wasn't enough it played a big role in both World Wars, and even an armed conflict most don't know about...we're looking at you Britiain and France and Israel. The Suez isn't a one trick pony either, it's grown with the times and is still an important aspect of world trade today. Historically High is sponsored by Flintt's Mouth Watering Mints, purveyors of delicious, drymouth destroying little miracles. Get yours with 15% off by using code HISTORICALLYHIGHER at www.Flintts.com Support the show

Curated news update from World of Procurement .Overall Sentiment: The global procurement landscape is facing significant disruption and transformation driven by geopolitical tensions, technological advancements, and shifting priorities.Key Themes:* Geopolitical Instability and Supply Chain Disruption:* Red Sea Conflict: Houthi attacks continue to disrupt shipping in the Red Sea, impacting major players like Maersk and BP. The US and UK have responded with counter-strikes, while Egypt warns of economic consequences stemming from militarization and blockades near the Suez Canal.* China-US Trade War: The ongoing tech war between the US and China is escalating, with both countries implementing export bans on critical materials. China's restrictions on gallium, germanium, antimony, and graphite directly impact US semiconductor and electric vehicle industries.* Impact: These conflicts highlight the vulnerability of global supply chains and the need for robust risk management and diversification strategies.* Shifting Procurement Priorities for 2025:* AI and Automation: "AI and automation are set to become central to procurement strategies, with a focus on AI-driven data analysis and decision-making." This suggests a move towards more data-driven and efficient procurement processes.* Sustainability and ESG: Despite potential political headwinds, sustainability and ESG compliance remain important, with an emphasis on circular economy principles. This indicates a growing focus on ethical and sustainable sourcing practices.* Workforce Challenges: An aging workforce necessitates strategies for attracting new talent and upskilling existing employees in digital competencies.* Value-centric Procurement: A shift from solely cost-focused procurement to a broader value-centric approach is anticipated. This includes factors like supplier relationships, innovation, and long-term value creation.* Impact: Procurement professionals need to adapt to these evolving trends, embracing new technologies, prioritizing talent development, and incorporating a broader range of factors into decision-making.* Open Questions for Procurement Leaders:* How can procurement teams effectively navigate geopolitical risks and ensure supply chain resilience?* What strategies can be implemented to attract and retain young talent in the procurement sector?* How can procurement processes be optimized to leverage AI and automation effectively?World of Procurement is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit worldofprocurement.substack.com/subscribe

This is Frank Gaffney with the Secure Freedom Minute. Donald Trump bequeathed to Joe Biden a Mideast that was stable and as peaceable as it had been in decades with our ally, Israel, strong, secure and the region's de facto hegemon.    Joe Biden is bequeathing to Trump's second presidency a strategic dumpster-fire. Iran likely has nuclear weapons. Its proxies are being saved from destruction at Israel's hands by a treacherous U.S. government.    Particularly concerning are recent actions by Egypt. Faced with economic disaster thanks to the Houthis' effective closure of the Suez Canal, it's engaging with both China and Russia – whose ships the Yemeni jihadists still allow to ply the Red Sea – and the Muslim Brotherhoods' patrons in Turkey and Qatar. The Egyptian government recently released hundreds of dangerous Brothers.    President-elect Trump, Please engage now to prevent Biden from adding to the eight-front war imperiling Israel an Egyptian one.   This is Frank Gaffney.

With the Austrian annexation complete, Hitler could now start eying up his next target, Czechoslovakia again. Although Italy had proved absolutely no help to Britain in trying to stop Hitler's move against Austria, Chamberlain had given his word to put in place an agreement which would accept the Italian occupation of Abyssinia in return for some Italian commitments in the Mediterranean, over the Suez Canal, and to stop intervening in the Spanish Civil War. Chamberlain seems to have felt that he had to go ahead with this agreement and submitted it to the Commons for approval. With Conservative anti-appeasers rather muted, even Churchill, the opposition had to be led by Attlee. He was Leader of the Opposition, which was now oddly enough a paid post. He had also strengthened his position in the Labour Party, especially since two colleagues, Bevin and Dalton, had forced through a change of policy to stop opposing the government's plans for defence spending – they felt that such expenditure was increasingly needed in the face of the growing threats from the dictatorships. Attlee also spoke out loudly in defence of the Spanish Republic, especially after a visit there in late 1937. The House of Commons approved the agreement with Italy despite the opposition to it. That in effect turned a blind eye to Italy's breach of international law in Abyssinia. Now Hitler prepared his next breach of such law. Faced with what seemed to be an imminent Nazi invasion of Czechoslovakia, Chamberlain travelled out to see Hitler three times, on the last occasion accompanied by the French Prime Minister, Daladier, and the Italian dictator, Mussolini. The resulting Munich Agreement, which allowed Germany to absorb a huge part of Czechoslovakia, on the pretext of protecting the German-speaking minority in those areas, left the country defenceless to future attack. In the parliamentary debate on the Agreement, Churchill emerged as the champion of the anti-appeasement cause, though Attlee too spoke out powerfully against it. But there was relief across the country and in most parts of the House of Commons that peace had apparently been preserved. That left the anti-appeasers swimming against the current of public and political opinion. The peace that Chamberlain had bought would, however, not last long. Illustration: Chamberlain waving the Munich Agreement on his return to England at Heston Aerodrome. ‘Peace for our time'. Public Domain Music: Bach Partita #2c by J Bu licensed under an Attribution-NonCommercial-No Derivatives (aka Music Sharing) 3.0 International License

From the BBC World Service: The G20 group of nations has struck a new agreement to tax the ultra-rich in order to fund sustainable development projects. Plus, UK farmers are protesting in London over plans for a new estate tax on agricultural land worth more than $1.2 million. And how is the Egyptian economy faring with the Suez Canal still not back to full capacity following Houthi attacks?

From the BBC World Service: The G20 group of nations has struck a new agreement to tax the ultra-rich in order to fund sustainable development projects. Plus, UK farmers are protesting in London over plans for a new estate tax on agricultural land worth more than $1.2 million. And how is the Egyptian economy faring with the Suez Canal still not back to full capacity following Houthi attacks?

On this week's podcast, Alina Utrata talks to Jan Eijking, a William Golding Junior Research Fellow and Martin Fellow at Oxford University. Jan's work is based in international relations, and focuses on expertise, empire, capitalism and the history and theory of international organizations. They talked about everything from the Suez Canal Company to SpaceX — and how thinking about “experts,” expertise in politics can have a lot to say about the recent elections, the Silicon Valley engineers plans, but also the wider history of these infrastructural projects in empire.For a complete reading list from the episode, check out the Anti-Dystopians substack at bit.ly/3kuGM5X.You can follow Alina Utrata on Bluesky at @alinau27.bsky.social and Jan Eijking at @janeijking.bsky.social.All episodes of the Anti-Dystopians are hosted and produced by Alina Utrata and are freely available to all listeners. To support the production of the show, subscribe to the newsletter at bit.ly/3kuGM5X.Nowhere Land by Kevin MacLeodLink: https://incompetech.filmmusic.io/song/4148-nowhere-landLicense: http://creativecommons.org/licenses/by/4.0/ Hosted on Acast. See acast.com/privacy for more information.

The Suez Canal was once one of the busiest global shipping routes – a third of the world's shipping containers normally pass through it. Since the Houthis began to attack passing ships last year, the volume of vessels going through has declined rapidly.The canal is run by the Egyptian government, and fewer ships means less foreign currency coming into the economy.And it's not just revenue from ships that Egypt is losing, it's also losing tourists, as many people cancel their trips and spend their dollars elsewhere. We speak to businesses in Cairo to see how they're being impacted by these changes, and ask, as Egypt loses out, are other countries winning? Presented and produced by Hannah Mullane (Image: A ship transits the Suez Canal towards the Red Sea on November 3, 2024 in Egypt. Credit: Getty Images)

An unexpected change of sea route means less stress for some sailors Today we take another look at the lives of sailors at sea, and talk about how some ships that formerly transited the Suez Canal are now taking a longer route around the southern tip of Africa, to avoid violent vessel attacks in the Red Sea. The result for diverted ships has been voyages that last about two weeks longer than before. The unexpected perk for sailors on board has turned out to be reduced stress, more job statisfaction, more time to do their work, and obtain needed training.

After the Six Day War in June 1967, the Suez Canal in Egypt was closed.It meant 14 ships from eight different countries, including the United States, Bulgaria and France, were trapped in an area called the Great Bitter Lake.They would remain there for eight years, and would become known as the ‘yellow fleet'.Two of the ships were the MS Melampus and MS Agapenor. Former assistant steward, Phil Saul, worked on both and was in charge of looking after the engineers and officers.He speaks to Megan Jones. His book is called Skinning Out: My time at sea and jumping ship in New Zealand. Eye-witness accounts brought to life by archive. Witness History is for those fascinated by the past. We take you to the events that have shaped our world through the eyes of the people who were there. For nine minutes every day, we take you back in time and all over the world, to examine wars, coups, scientific discoveries, cultural moments and much more. Recent episodes explore everything from football in Brazil, the history of the ‘Indian Titanic' and the invention of air fryers, to Public Enemy's Fight The Power, subway art and the political crisis in Georgia. We look at the lives of some of the most famous leaders, artists, scientists and personalities in history, including: visionary architect Antoni Gaudi and the design of the Sagrada Familia; Michael Jordan and his bespoke Nike trainers; Princess Diana at the Taj Mahal; and Görel Hanser, manager of legendary Swedish pop band Abba on the influence they've had on the music industry. You can learn all about fascinating and surprising stories, such as the time an Iraqi journalist hurled his shoes at the President of the United States in protest of America's occupation of Iraq; the creation of the Hollywood commercial that changed advertising forever; and the ascent of the first Aboriginal MP.(Picture: Catering crowd on the Melampus. Credit: Phillip Saul)

We hear about the Sunflower Movement in Taiwan in 2014. Brian Hioe, an activist who occupied Parliament in Taipei, recalls the events.We hear from Nino Zuriashvili, one of the protesters at the Rose Revolution in Georgia in 2003. And Prof Kasia Boddy, author of Blooming Flowers: A Seasonal History of Plants and People explains how flowers have been used as symbols in political history.Plus, the Afghan refugee who fled as a 15 year old. Waheed Arian, a doctor and former Afghan refugee describes his perilous journey.We look at the Yellow Fleet of ships, which were stranded in the Suez Canal for eight years. Phil Saul, who looked after the engineers and officers on board the MS Melampus and MS Agapenor in the Suez Canal, recounts his experiences.Finally, the story of the British afro hair care institution Dyke and Dryden. We hear from Rudi Page, the former marketing manager for Dyke and Dryden's afro hair products.Presenter: Max Pearson(Photo: An activist taking part in the Sunflower Movement in Taipei on 21 March 2014. Credit: Mandy Cheng/AFP)

Episode: 1257 Digging the first Suez Canal, 4000 years ago.  Today, we ask, when was the Suez Canal built?

  It's an EmMajority Report Thursday! She speaks with Adam Hanieh, development studies academic based in the UK, to discuss his recent book Crude Capitalism: Oil, Corporate Power, and the Making of the World Market. Then, she speaks with Greg Stoker, co-host of the Colonial Outcasts podcast, to discuss Israel's recent offensive into Lebanon. First, Emma runs through updates on the release of Jack Smith's new brief on Trump's Jan 6th case, Elon's secret funding of GOP PACs and candidates, Biden-Harris disaster response to Helene, climate change, Harris polling, Israel's expanding offensives in the Middle East, the devastation of Gazan families by Israel, Facebook's suppression, the Longshoremen strike, Jordan Neely's killer, and the presidency of Claudia Sheinbaum, before parsing a little deeper through Jack Smith's Jan 6th briefing, including his approach to SCOTUS' ridiculous immunity qualifiers and some extra insights into the day of January 6th itself. Adam Hanieh then joins, briefly touching on his lived experience in the Middle East before diving deep into the central role that the evolution of fossil fuels has played in shaping Western hegemony over the past century and a half, from the rise of coal directly fueling the growth of the British Empire, and well through the “transition” to oil (really more of an addition than transition) and the rise of US Empire. Expanding on this latter point, Hanieh walks Emma through the rise of the oil industry in the mid-20th Century as a product of monopoly, with near-complete vertical integration in an industry dominated by seven companies (five of which were American), also touching on the major role oil reserves in the Persian Gulf played in the evolution of the Cold War, as the US stepped in for dwindling British and French colonial power in the Middle East, establishing a strong alliance with the Saudi regime before Israel's success in the 1967 war added another major US proxy in the region, with even greater control over the Suez Canal – two relationships that remain central to US interests with the ongoing push for the Abraham Accords. After expanding on the role of the US in bolstering instability and insecurity in the region to secure their influence, Adam wraps up by unpacking the evolution of OPEC and its role as a supposedly decolonial institution headed by a major US-ally and authoritarian regime in Saudi Arabia. Greg Stoker and Emma tackle the rapid expansion of Israel's ongoing military campaign into a full-scale regional conflict, with Israel launching a full-scale terror campaign across Lebanon before advancing a typically collectively punitive bombing campaign against Hezbollah personnel, as well this week's Iran-launched barrage on Tel Aviv. Stoker continues, tackling the glaring parallels between Israel's ongoing invasion of Lebanon and their complete failure in the 2006 war, parsing through the difficulties Israel faces in constantly warring with decentralized guerrilla factions, and exploring Israel's potential responses to Iran's controlled assault. Wrapping up, Greg and Emma tackle the U.S' role as a behind-the-scenes broker between Iran and Israel, and assess the devastating impact Israel's bloodthirst has had on its economy. And in the Fun Half: Emma is joined by Brandon Sutton and Matt Binder as they talk with Brendon from San Diego about Harris' attempt to appeal to the center-right, discuss Trump's recent invocations of William McKinley, and watch the Longshoreman Union President vocalize support for Julie Su and call out Fox News… all live on Fox. Pamela from Puerto Rico unpacks PR's shitshow of an election year, Chris Hayes and Ta-Nehisi Coates tackle the “moral abomination” of Israel, and one of Bari Weiss' many conservative grifter networks does some conservative grifting, plus, your calls and IMs! Check out Adam's book here: https://www.versobooks.com/products/2760-crude-capitalism Follow Greg on Twitter here: https://x.com/gregjstoker Check out Colonial Outcasts here: https://www.youtube.com/channel/UCWUyY44cHSYW16ykKeZDXfw Follow us on TikTok here!: https://www.tiktok.com/@majorityreportfm Check us out on Twitch here!: https://www.twitch.tv/themajorityreport Find our Rumble stream here!: https://rumble.com/user/majorityrep ort Check out our alt YouTube channel here!: https://www.youtube.com/majorityreportlive Join Sam on the Nation Magazine Cruise! 7 days in December 2024!!: https://nationcruise.com/mr/ Check out StrikeAid here!; https://strikeaid.com/ Gift a Majority Report subscription here: https://fans.fm/majority/gift Subscribe to the ESVN YouTube channel here: https://www.youtube.com/esvnshow Subscribe to the AMQuickie newsletter here: https://am-quickie.ghost.io/ Join the Majority Report Discord! http://majoritydiscord.com/ Get all your MR merch at our store: https://shop.majorityreportradio.com/ Get the free Majority Report App!: http://majority.fm/app Check out today's sponsors: Express VPN; Secure your online data TODAY by visiting https://ExpressVPN.com/majority. That's https://ExpressVPN.com/majority and you can get an extra three months FREE. Hello Fresh: Get 10 FREE meals at https://HelloFresh.com/freemajority. Applied across 7 boxes, new subscribers only, varies by plan. That's 10 free HelloFresh meals, just by going to https://HelloFresh.com/freemajority. Follow the Majority Report crew on Twitter: @SamSeder @EmmaVigeland @MattLech @BradKAlsop Check out Matt's show, Left Reckoning, on Youtube, and subscribe on Patreon! https://www.patreon.com/leftreckoning Check out Matt Binder's YouTube channel: https://www.youtube.com/mattbinder Subscribe to Brandon's show The Discourse on Patreon! https://www.patreon.com/ExpandTheDiscourse Check out Ava Raiza's music here! https://avaraiza.bandcamp.com/ The Majority Report with Sam Seder - https://majorityreportradio.com/

ounder & CEO at Forceget, a leading expert in global supply chain and logistics, who reveals crucial strategies that Amazon sellers need to thrive in the fast-approaching holiday season. Burak unpacks how to save money on logistics and explore new marketplaces amidst the rise of new players like TikTok Shop Temu, and Shein. As a special treat, Burak shares his favorite restaurants in Istanbul, just in time for Bradley who is heading to the upcoming conference in the city. We break down the factors driving up international shipping prices, from reduced vessel schedules to container shortages and shifting market demands. High inflation and the growth of platforms such as Temu and AliExpress are reshaping e-commerce, creating new challenges for Amazon sellers. Learn how to navigate Amazon Global Logistics' practices, adapt to the new fees, and optimize your shipment strategy to stay competitive in today's volatile market. This episode is a goldmine of insights for those grappling with the costs of selling large items on Amazon. Discover why more sellers are turning to third-party logistics providers and exploring multi-channel selling to maximize profitability. We highlight the benefits of early inventory planning, the impact of Amazon's new delivery rules, and the critical need for flexible fulfillment options. Plus, find out how expanding into physical retail stores like Walmart can be a game-changer for your business. Tune in for expert strategies that can transform your logistics approach and boost your bottom line this Q4. In episode 593 of the Serious Sellers Podcast, Bradley and Burak discuss: 00:00 - Global Supply Chain Insights and Tips 04:11 - Impact of Rising International Shipping Prices 07:20 - Impact of New Amazon Fees 12:26 - Amazon Global Logistics vs Independent Freight Forwarder 16:38 - Maximizing Amazon Seller Profitability 17:31 - Expanding Sales Beyond Amazon  23:00 - Diversifying Sales Channels and Maximizing Profits 24:03 - Saving on FBA Fees and Freight 30:11 - Benefits of Investing in Your Brand's Website ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On Youtube: youtube.com/@Helium10/videos Transcript Bradley Sutton: Today we've got one of the world's leading experts on global supply chain and logistics and he's going to talk about a wide variety of topics, like things Amazon sellers can keep in mind for Q4, how they can save money on logistics and expanding to other marketplaces. How cool is that? Pretty cool, I think. Black Box by Helium 10 House is the largest database of Amazon products and keywords in the world. Outside of Amazon itself, we have over 2 billion products and many millions more keywords from different Amazon marketplaces, from USA to Australia to Germany and more. Use our powerful filters to search through this database for pockets of opportunity that you might want to get into with your first or next product to sell on Amazon. For more information, go to h10.me/blackbox. Don't forget you can save 10% off for life on Helium 10 by using our special code SSP10. Hello everybody and welcome to another episode of the Serious Sellers Podcast by Helium 10. I am your host, Bradley Sutton, and this is the show. That's completely BS-free, unscripted and unrehearsed, organic conversation about serious strategies for Serious Sellers of any level in the e-commerce world.  And we got somebody who helped Serious Seller all over the world, I think the third, maybe fourth time he's been on the Podcast. Burak, how's it going? Man? I'm great. Bradley, Thanks for having me again. Burak: I'm great. Bradley, Thanks for having me again. Bradley Sutton: Are you in Miami right now? Burak: Yes, Miami Florida. Bradley Sutton: Okay, I'm wearing my Miami hat. This is, like, I think, an older minor league baseball team or something. That's why I'm wearing my Miami hat today in your honor. But you're originally from Turkey. Did you know that I'm going to Istanbul in a little bit? Burak: I think you mentioned. Yes, I'm very excited. I wish I was there to take you to the best food restaurants, you know. Bradley Sutton: You'll have to tell me what the good ones are. Are there any in Istanbul that for sure I need to go to so I can maybe even by myself I can go? Burak: I think you should definitely visit Galata Port. It's a new place. It's right by the water. There are some good Kebab places and also definitely Baklava. You should try Gülolu, the best Baklava in the world. Bradley Sutton: Perfect, all right, I'm going to those places. By the way, I'm not sure when this podcast is going to go out, but if anybody is in Turkey and is down to meet me on September the 4th or 5th and you want to go with me to one of these restaurants or take me there. Conference I'm speaking at, you can get a link to it at h10.me forward slash Istanbul. H10.me forward slash Istanbul. It will forward you to the conference I'll be speaking at. So, I'd love to do like a little mini-Helium 10 meetup over there. Now. We're not here just to talk about Turkish food and Turkish delights. I'm sure we could spend a whole episode. You know as much as I love food to talk about that. But you know you're one of the leading experts in the world about, you know shipping and logistics and things like that, so let's just hop right into it. You know the last time you were on this show was episode 457. So, by the way, if anybody wants to get Burak's more of his backstory, actually go back to the very first episode he was on, which is episode 324. You can learn about his origin story. And then 457, we talked about some other topics, but what was 457? I think it was around, like you know, May, June of last year. So obviously you know things in logistics change month by month, even. What are some of the biggest changes that sellers should be aware of, just in general? First of all, in the logistics world, whether it's about pricing or taxes, what can you tell us has been different since the last time you were on the show? Burak: You know you're right, things sometimes change its daily base and you know, when we started ForceGet, it was probably five years ago, we were mainly focusing on international shipping, but we became more like a supply chain. Now there has been a lot of changes within our company as well as in the world. In the industry, with the e-commerce, especially with the Amazon FBA plus, the new players are coming into the market TikTok, Teemu, Shein and Shopify. According to the reports, they have lost some revenue. However, a lot of companies they're trying to enter omnichannel. That's something that I mentioned before we start recording. When it comes to international shipping, actually, international shipping prices increased. Compared to six months ago. I think we have seen the lowest shipping prices last probably a few decades. Full container price was almost uh 1500 dollars from China to Los Angeles. Now it went back up to seven, eight thousand dollars. Now we see the range of five thousand, five thousand, five hundred dollars, which is, I think, a hell to range for both um shipping lines, freight forwarders, as well as for f the um e-commerce and amazon sellers. Bradley Sutton: Prices went down but then prices have been going up again for different things. Obviously, there was that thing that happened last year in the Red Sea and things like that. So obviously there's always random things COVID, or there's a container ship blocking the whole Suez Canal or something like that. Those would obviously have an effect. But the recent price increases in shipping, like what is that attributed to? Because, like, is that because of the, the war that that's happening, or is it something else? Burak: Actually, this was uh sort of uh happened, I would say, inorganically. Uh, one of the reasons was the shipping lines. Uh, you know all these worldwide companies like Hyundai, Zim, Evergreen. I'm sure everybody's familiar with that big logo block less US channel they have canceled a lot of scheduled vessels because maybe 30%, 40% of the container vessel was not 100% fulfilled, vessel was not 100 percent fulfilled. Basically, they were losing a lot of money so they decided to roll over one of the week's shipping schedules to the next one. So basically, there was not enough demand but there is a lot of supply. Obviously then the prices start going down, basically in order to save money on the fuel, maybe the crew, maybe the insurance. So, they started to cancel a lot of scheduled vessels and obviously this caused a big chaos in the market. A lot of containers went, uh from China to other places like Europe, us did not come back. Then we start having container shortage. So, this is something uh started organically. Uh, there was not enough demand in the marketplaces, like in the US, like North America, USA, Canada, because of, I would say maybe, high inflation, or companies like Teemu, AliExpress start to do very cheap price Drop shipping from China, which is something interesting that we maybe talk later. Teemu is start entering US market. Start working with local 3PLs to acquire Amazon sellers to start selling the ones which are qualified OEC. Start selling on Teemu so they will start doing local deliveries with a shorter period of delivery times, which I believe they will try to attract Surplus. What is Surplus? The product that already has been sitting in the US for a long time. Amazon sellers or their wholesalers they cannot sell it, so they need to liquidate the product. So, Teemu was basically saying that hey, use our platform to liquidate them, not on the retail price, but heavily discounted price, maybe 60%, 70%. So, I think all these things happening last two years after COVID, when we saw a very big peak when the Amazon sellers were making really good money but then the sales dropped a couple of different reasons, and I see that it's the same thing is affecting the international shipping prices and fulfillment prices. Things are really very different right now compared to even six months ago. Bradley Sutton: Obviously, this has been the year of crazy Amazon, new fees and new announcements, you know, be it inbound, placement fees, and so I want to talk just a little bit about that. First, like in your you know you're handling both sides, you know, be it. You know shipping side, be it logistics side, warehousing and things. What have you seen as far as how this has changed, what Amazon sellers are doing, like, for example, me, I've got my own warehouse, but still now I'm being very mindful of how many you know, like, how many, you know what kind of boxes I'm putting in. Like, like, maybe before I was only trying to do you know a certain number of shipments, but now I'm like, no, I got to have minimum five, you know of one box or, oh, I need to try and increase a 15 because I got to avoid that placement fee. But what have you noticed as far as your clients? How are their practices different because of some of these new fees? Burak: Man. It's a really, really long topic actually when it comes to make it shorter version. When Amazon came up with this, the idea was start charging sellers for all those distribution fees that they need to ship to many small warehouses across fulfillment centers across the nation so the end user can receive the products not in two days but one day, even maybe sometimes half day. But we have seen a lot of case studies actually our customers. They created five shipments and when, let's say, 100 cartons, Amazon asked you to ship 50 cartons to Texas, we saw that the final delivery address Amazon distributed these products were still Pennsylvania or Florida or still North Carolina maybe. So what? Amazon was actually telling sellers in theory hey, split the shipments to five locations because that's going to be closer to the buyers. That was not really the case. Yeah, I guess they're still working on a lot of Optimization, uh structure. Obviously, this was like a new project for them. But there has been a lot of confusing for sellers. A lot of seller's kind of felt like they have to use Amazon Global Logistics to avoid those uh placement. But then when they tried to book the shipment, amazon Global Logistics did not arrange to pick up. Three weeks, four weeks' time Then they have charged people wrong HDS code. So, a lot of sellers they paid very high tax and duty instead of some other lower charges that they're supposed to receive. I mean, obviously we talked to a lot of people, some people they have good experience with Amazon Global Logistics, some people have bad experiences. But in my opinion that was not really fair for Amazon to tell people, hey, if you use AGL, then you will not be paying any of these fees, but then if you don't, then you have to pay for it. I guess I understand they have invested billions of dollars into this fulfillment center supply chain logistics, so they want to leverage the power of their seller the seller power, I would say. But I think I would not put all my eggs in the same basket, so I would not just use AGL and AWD, you know AWD also a new program Amazon has launched like two years. But since they're pushing a lot harder right now and I think the fourth quarter will be very tough uh test for Amazon with all the check-in processes, transferring uh products between the fulfillment centers and making sure that they become available and one of my I believe most of our customers now start looking into FBM options. Number one very high FBA fees. Number two all these delays with AGL, AWD, fulfillment center transfers. Obviously, amazon is going to prioritize. The products are already sitting in the fulfillment centers. They will prioritize to ship the products first, not receive the products first. So that always has been the case. So, if you ask my opinion, it's going to be a tough year for a lot of sellers to get and understand these FBA fees. But also try to be profitable. You know that's something that we've been talking about. It doesn't make sense anymore to say, hey, I'm seven, eight figure seller, but how much profit I'm making? So, I believe to make plan B, plan C is very, very important, Bradley. Bradley Sutton: Me having my own warehouse and obviously I can repack things and I do smaller quantities. I can easily make sure to send to four or five locations to get that, you know to skip the low inventory fee. But if I'm sending in containers and before I would send to Amazon directly, I pretty much have no option, right, like I am going to get that low inventory fee no matter what unless I send to a 3PL first and they divide it. Or am I thinking of that wrong, since I don't send containers directly to Amazon? I don't know, but is that correct? Like pretty much anybody who's sending full containers or containers that can't be broken up or shipments that can't be broken up, they're forced into this fee. Burak: Yes, kind of. But we have done some case studies to see what really makes sense, if it makes sense to ship, because Amazon Global Logistics is also not charging sellers the market fees. They're charging actually higher, a lot higher. So, if you're looking at door-to-door shipment from China to one of the most popular Amazon FBA fulfillment centers, let's say ONT8, which is in Los Angeles, California Riverside, if you use us it's going to cost $6,000, but with Amazon Global Logistics they're charging $8,000 or $9,000. So basically, they're kind of charging a little higher so that they can use probably that money to distribute the products within three to four different locations. And if it is LCL, then less than full container. Yes, you can actually choose to use your own freight forwarder and price is very similar. But one of the things that we realized; their FC transfer times a lot longer than using an independent Freight Forwarder. So, which means if you ship with AGL it will maybe be fully delivered to Amazon, fully check in, all received 90 days, versus you use your own Freight Forwarder, probably it will be delivered and checked in 45 to 50 days. So, does it matter for you? Maybe it doesn't really matter because the sales are not that fast right now, unfortunately, I don't see really much Amazon sales recently saying that, hey, I'm running out of inventory all the time. I hope it's a good problem. I hope some of the people having that problem. But majority of the people are saying, hey, I'm not in the rush, so I'm okay to take these fees. But then you should really understand the cost of actually paying everything in advance and your cash tied up to. If you're using a loan, if you're not using just cash, if you're, you know, withdrawing some money with, I don't know, amazon financing or third-party money, you get funding. So, you need to understand you may be paying monthly two to 3% because these are short term funds, so probably charging 20, 25% annually. So, every month you're paying two to 3% something that you're not selling. So that's basically three percent minus from your actual margin. So, there are so many things to consider. You know trying to explain as basic as possible. So definitely understand and see what is better for your business. And if I were a big seller, I wouldn't send all of my inventory FBA. I would keep some of my inventory in a 3pl close to amazon and send it in a you know, smaller batches and more frequent. This way I'm not going to be paying high inventory fees, the storage fees and, more importantly, I can test other marketplaces. You know, I can try to drive traffic. I will do FBM, I can do Tic Tac Shops or maybe even Walmart. So, it will give you more flexibility instead of sending everything to Amazon, FBA. And if one day somehow your listings get suspended or hijacked or your sales is down for some reason, then you'll be like, oh my God, what I'm going to do versus you have some inventory in a different location and you can start considering some other options. Bradley Sutton: We talked about new inventory fees that Amazon sellers are having to do, and then the question about whether to go AGL and things like that. But you also mentioned Fulfilled by Merchant. Now, for me, I do all of my products both. I have two SKUs for every product. I have FBM and FBA, and I always tell people to do that. Not necessarily anything to do with logistics, but just because there's still some people out there who don't have Amazon Prime and then, especially if we're talking about products that are priced below $25, they actually prime prices them out of it. So, like, if you're only FBA and you've got like a $24 product, when that person checks out, it's going to add like $8 shipping and now that $24 product became $32 product and you just lost that sale, probably you know, to somebody else and then so for, for that person, I can. I always have a skew. The buy box is actually the FBM skew, because it's only I'll do 2497, you know, with shipping, free shipping, I can, I can fulfill, uh, for almost the same as Amazon, considering that I don't have to pay, I don't have to send it to Amazon. I have to send Amazon pick and pack fees, but that's my reason for doing FBM, but are you saying that you're actually seeing some sellers go to Seller Fulfilled Prime and not do FBA, or you're just saying they're just forgetting Prime at all and having a listing that's strictly FBM? Burak: For larger items. We see sometimes only FBM, because some people say that, hey, Amazon is taking 50% to 55% of my sales price for large items. FBA is extremely expensive and I feel like a lot of people, a lot of buyers, are more price sensitive recently compared to two years ago. That's real. Most of our customers, they have both FBA and FBM. They do most likely what you do. Because you're right. I mean, some people they don't need the product in one day, they want to do the cheaper version. So why wouldn't you add an additional strategy to your listing? And it's your own money versus paying Amazon and 3pl will handle that a lot cheaper and then, if it is not a big item, your shipping price is not going to be that expensive. You can still buy the shipping within Amazon, which is great. You don't have to have your own ups FedEx account. But majority of our customers, they want to test new marketplaces. I  know that our some of our customer they're investing into their own websites and when they get the order, they drive traffic, they convert. Then it's much easier to launch a product with your own email marketing, like with your own email database which you've been talking about. You know how to launch a product, like all the honeymoon period, amazon changing the algorithms, a lot of our customers also they have problem with launching a brand-new product on Amazon. It's not that easy as it used to be like a few years ago. So, people are testing different marketplaces and different channels to see if they can get a better ROI. Obviously, amazon still has. It's very interesting actually, when we see the Amazon's quarterly earnings report, we see that Amazon is keep growing their profit, number of buyers, their revenue. We see a big part of it from the seller's fees revenue. But there is a fact that Amazon does not want to leave the market share to other players that aggressively come in, especially out of China. We see that a new Amazon program is going to roll out which is Dropshipping from China. I don't think that's a great idea, but I think just Amazon wants to keep it. Bradley Sutton: I don't think any Amazon seller is based in the US thinks that's a good idea. Burak: Not only Amazon sellers, but I think it's also not fair for other traditional importers who have, like a warehouse people in here. They're paying tax and payrolls. That's my personal opinion. Obviously, it's not a yes or no, white or black topic. A lot of people have their own opinion. But eventually I know that we have some importers, like traditional wholesalers, that their business is down 30 to 40% just because a lot of people buying products directly from China and those companies. Of course they have a cheaper price. They don't have local expenses, all these utility fees, the warehouse rents and et cetera. We all know that it all adds up. So, I think it's going to be a tough uh year for next year for a lot of amazon sellers. That's why I think it's a really good idea to start considering uh different strategies and different plans for uh increasing the revenue and profitability.. Bradley Sutton: We're heading close to Q4. Um, amazon's made different announcements as far as hey, have your inventory in by. I think one of them was like, if you want it for Black Friday, you got to have it in by October 19th, or something like that. They had said what are your predictions as far as like? Is this year the same thing as every year, where Amazon has a deadline and you got to kind of stick to it, or do you notice anything from some of these announcements where you think there's something that sellers need to be aware of going into this year's Q4? Burak: I think last week they announced a new Q4's delivery structure and delivery rules. Some of them are the restriction with FBA delivery appointments, reduction in capacity limits, holiday peak fulfillment fees. So, all these are basically saying that the amazon sellers uh, need to plan better when they're going to send their inventory, how they're going to send it. And you know the thing. What amazon wants you to do is actually send your inventory as early as possible. So, this way they can charge you a lot higher for the fourth quarter, with the maximum amount of, you know, the low inventory fee. Because even if you don't ship it to Amazon, you still pay in that inventory because inventory fee, because Amazon thinks that, hey, I, I allocate some space for you according to your sales history. Now, whether you ship it or not, I'm going to still charge you that. So, we have a lot of sellers. We I think they still don't know exactly how this fee structure is going to work for seasonal products. We had a client they shipped like four or five containers for Christmas lights, Christmas tree decorations. So, they don't have enough space right now in Amazon FBA. So, I think that is a problem for sellers, like they sell seasonal products. So basically, like what amazon is saying versus what they are doing. I think it's a little bit opposite, um, because you cannot really ship as much as you want, but then amazon is saying, hey, send me all this product. I want to charge you more, but same time you cannot do it. So, I don't think there's going to be a big solution for these people. The best to do is create an FPM auction to make sure you don't get charged all these high FBA fees, especially for the long term, and, God forbid if you miss that season. You can't sell out everything and you have some inventory left over. In January you definitely need to take the product back, otherwise your fees are going to be very high. Bradley Sutton: In the past you've talked about ways that, without even doing anything, major Amazon sellers can possibly save money, like they're probably doing something wrong or not taking into consideration the right tariff and or you know they're letting their freight forward or take advantage of them in a certain way. Can you remind everybody out there what are some easy steps they can take to save money? You know, without having to completely overhaul their entire system of where they could save a little bit of money potentially here or there, just by maybe doing a little mini audit on their SOPs or something like that. Burak: You know, I really think that they should go download their FBA fees and to see how much they're spending on their storage. That's one thing that Amazon is going to hit everyone really bad this year, especially in the fourth quarter. And what is the average age of their inventory stays in the FBA before they sell out. I know that there are a lot of people their sales decrease. I think one of the best ways to do is have a 3PL option. Ship everything to your 3PL and then ship it frequently to Amazon FBA. Because, yes, you will be maybe paying that placement fees but at the same time you can manage your listings somehow. We have seen last year, last quarter, that a lot of shipments delivered to Amazon but Amazon took way longer to check them in. So, we had some clients that they ship product to Amazon FBA. It's delivered but Amazon never checked in. They waited the busy season to pass. So that was pretty bad for some people and they were selling like toys or I remember we had a client that we shipped for them puzzles but Amazon checked them in like very late, so they had to like sell it for a cheaper price. So, you should plan it. Send in your inventory as early as possible on FBA and keep constantly shipping to Amazon FBA to avoid the fees. I think the big saving this year can be from the FBA fees. Obviously check the Freight prices. Compare AGL with other Freight Forwarders to deliver the products instead of one place to five locations. That's a good way to do it. HTS code is a great way to check that. But I think this year's big jackpot is going to be FBA fees. Bradley Sutton: We've been going over some beginner strategies, some advanced strategy. But if some of this is a little bit over your head or you want to just get a nice overview for you or your team about logistics and shipping, Burak actually is in Freedom Ticket 4.0. So, if you guys want to have your team go over some of the basics and some advanced stuff, to go into your Freedom Ticket inside of Helium 10 and then click on the week or the group of modules called supply chain and logistics, and then you're going to see some different modules here that Burak has done. That will help you with that. So, make sure anybody who's a Helium 10 member make sure to go into Freedom Ticket and be able to see it. Do you remember some of the other things that you talked about in that module? Just to let people know what to expect in there. Burak: I think yes. One of the things that relates to FBA fees are the product size, whether you can make your product smaller so Amazon will charge you smaller tiers. I know that we used to do some free audits for the FBA fees that what we realize is actually customer products are a different size than what Amazon is actually charging them, so Amazon is supposed to charge them lower. So definitely, order your competitor's product to see their packaging so that you can redesign your, maybe package. This is a little bit of my background. I lived in China eight years. I've done a lot of sourcing so I'm kind of familiar with like how to make things like lighter, maybe smaller, maybe if you're paying too high for the duty and tax because your product has a different material. So definitely I would say, order your competitor's product to see the size of the box. Maybe they fold the product, they maybe made it smaller. It's definitely helping to see what are the product sizes, mustard cartons and maybe even labeling and maybe inserting some special cards from the competitors. Obviously not asking five-star reviews, but you could see some other maybe conversions that they are doing, maybe because you have other products in the same category. You don't know whether your customers have them. You know they love your brand or not, but you can actually let them know that you're selling some other products that can be related. So, I think it's a good idea to order a competitor's product to see if you can save anything on the size of the product which can save you money on shipping fulfillment in the 3PL as well as Amazon FBA. So, it could be up to 10% to 15%, which is going to be, when you look at it, annually. It's a huge saving. Bradley Sutton: What else do you have for us? We've got sellers of all levels here and I think nowadays maybe people are thinking about some of these newer marketplaces, like TikTok Shop, which now you know, has fulfilled by TikTok and then, and then Teemu is now trying to recruit, you know, US sellers. You know I'm trying to get on the Teemu platform just to just to see how the process goes myself. But what are some things you think you know? When we think multi-channel, you know, gone are the days where people can just say, hey, I'm only going to sell on Amazon, and then maybe there are some days where it's like, oh no, I only need to worry about Amazon and Walmart. So, 2024, 2025, we live. I think it's the year of the many marketplaces trying to make a name for themselves. What are some trends that you're seeing? What is some advice you have for other sellers? Burak: You know? I think the Teemu strategy is very different than Walmart. If I want my products because, if you think about it, Walmart has thousands of stores across US and Canada and even in Mexico. Now they're trying to acquire sellers and they have been very active. You know we go to a lot of different events Prosper Show and others. You see that all the time Walmart's booth there. They're trying to acquire D2C brand events like a shop talk and stuff. What I see is, if you want your products to be in a long term, maybe one day a big brand acquires you because you're in a niche category. Let's say you're in a cosmetic, you're doing something maybe just special for lips or for some special type of skin. I don't know. You could be acquired by a big brand if your product can be on the shelves like physical stores. We have so many customers in the past that they started only online but then they were invited to as a test run to start selling on the retailers. Like you know, it could be Dick's Sports, it could be Walmart. If you're in a sports category, you know those retailers are trying to get some good brands on their shelves which can add a lot of value to your branding and people who see you actually on the physical store. They can go and buy online, because I personally love to compare the price in a retailer versus online. It could be Target. It helps you to find and give your brand a big shout out and people can go and find you and then wholesalers can find you. Maybe, like a retailer chain can find you. So, there's actually both options. I think you're right. I mean, there's so many options. It makes really sense to enter all of these platforms to have reached out the maximum amount of audience. But obviously you need to understand how to manage that inventory because different market channels require maybe different UPC codes, which one of our customers? They had an issue. What the UPC codes the factory is putting actually has not been scanned by the retailer. So, the UPC codes was not valid, so they had to bring the products back, relabel it. Uh, baby steps are good if you're a brand-new seller. Amazon FBA is very good way to start, but maybe it's not that profitable as it, as it used to be. Definitely look for the fpm options and then whatever makes more sense. But I would definitely keep one more sales channel, one more marketplace. Teemu is not the great one yet, because either you need to have a special invite, we have so many people actually asking about the Teemu. Either you have to be invited by a friend or referred by Teemu team directly so you can actually send an email to Temu. But I think in the long term it will be great to invest into your own website because you can easily launch different products. Great to invest into your own website uh, you can do it on Shopify and you know you will have definitely better margins in that and some people they have their own website. They even never want to go to Amazon because they want. They don't want to compete on the price. You, we all know that how amazon works, so it's really a long-term plan. I don't think anyone can really get rich that fast anymore through the e-commerce. I think it's all about branded strategy and it makes more sense to invest in your own website and Shopify. Obviously, amazon has the traffic. It's very hard to bring in traffic. It's not hard but it's going to be expensive in that converting. But, I know that Shopify is working a lot on how to convert more on the products they left in the cart how they can have better conversion. It's very interesting. Recently, I see that installment options pops up on many websites If you're selling an expensive product and I was going to buy a kayak for summertime, it was like $800. I'm like I don't want to pay $800. Then it pops up, hey, you want to pay six times. I was like, okay, but I still didn't buy. But it made me think about okay, that's doable, Bradley Sutton: You're a little bit more hesitant. Burak: Yes, exactly, you're a little bit more on the fence, exactly so looking for different channels definitely is a good strategy and eventually it's your own business. You know we have seen a lot of changes with Amazon algorithm. Maybe this new AI tool that Amazon is offering actually messes up a lot of people's listings. Have you heard? Have you tried using Amazon AI? Did it affect your ranking on keywords? Bradley Sutton: No, I'm not touching that, I don't want. I opted out of that immediately because I don't want Amazon doing anything, because the Amazon AI is nowhere near where it needs to be. All right. So, before we get into your last strategy of the day, just heads up for everybody out there. You want to get some more information about what ForceGet does. Go to h10.me forward slash ForceGet. That'll take you right to our hub website where you can open up a contact with them right there. How else, other than your website, can people find you on the interwebs like Instagram or LinkedIn you want to promote at all? Burak: Yes, absolutely, and they can subscribe to my YouTube channel. We are recording a lot of real case studies and scenarios, what's going on and we're going to a lot of different in-person events. We will be in Amazon Accelerate in Seattle. We will go to other events throughout the year so they can come and meet us in person at most of the events, as well as find us on forescan.com. Bradley Sutton: All right, what's your last 30 or 60 second tip for our sellers out there? Burak: Be careful about your lending costs. That's something that a lot of people they don't really pay attention. Profit is everything. Bad profit means bad cashflow and bad cash flow means that you can't be sustainable in your business. So, understand your lending cost. Look at your FBA fees, how you can save and what is the strategy. Are you paying too much for your international shipments? Are you paying too much for FBA fees? Are you paying too much for long-term storage? So, find out where you can make optimizations, where you can make savings. I believe this business is open to different optimizations and every different aspect you get closer you can find 1% or 2% saving, and if you find three to five different ways of savings, you can save up to 10%. So, talk to the experts. Don't forget to subscribe to the Helium 10's newsletter. I see a lot of interesting topics actually about that. So being part of the community, it's the most important things and whenever you have a problem, ask the right people, get the right answer to fix your problems. Bradley Sutton: Awesome. Well, Burak, thank you for coming on here. I'll let you know what I think about those restaurants you told me and then I'll see you at Amazon Accelerate in Seattle and hopefully some other sellers that are listening to this episode, and we'll definitely have you back on in 2025 and let's see what else has changed in the world of shipping logistics. Burak: Looking forward to see you, Bradley.

Watch The X22 Report On Video No videos found Click On Picture To See Larger PictureThe climate agenda is dead, everything the [DS] have been pushing the opposite is now happening. The economic continues to implode and the fake news wants us to believe chaos in the market is the new normal. Trump sends message to the [CB], game over. [KH] honeymoon is now coming to and end. The shine is beginning to dull, but think about what happened, more people woke and saw the truth, just like Biden. The [DS] is now building the war narrative. They are now pointing the finger at Iran, who is Iran connected to, Obama. Now we have Iranian assassin, Iran, cyber attacking Trump campaign. They are now pushing all of this to explain why the elections cannot be certified. Playbook Known.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy Climate Fear-Mongering Fail: Great Barrier Reef Sees Third Record Year Of Coral Growth  Massive increases in coral across the Australian Great Barrier Reef (GBR) have been reported for 2023-24 making it the third record year in a row of heavy growth. Across almost all parts of the 1,500 mile long reef, from the warmer northern waters to the cooler conditions in the south, coral is now at its highest level since detailed observations began. The inconvenient news has been ignored in mainstream media which, curiously, have focused on a non-story in Nature that claimed “climate change” poses an “existential threat” to the GBR.   A decade of mass bleaching, relentlessly catastrophised in the interests of Net Zero by activists in the media, academia and politics, does not appear to have done much harm to the recent growth in the Northern GBR. Or the central area. Or even in the south where the water temperatures are slightly cooler.   Source: zerohedge.com https://twitter.com/KobeissiLetter/status/1822252409994838029   of Childcare or Nursery School and Medical Care Services rose by 139% and 136%. On the other hand, TVs, Toys, and computer software prices declined by 98%, 74%, and 74%, respectively. To put this into perspective, average hourly wages are up 119% since 2000. Wage growth is struggling to keep up with many items. https://twitter.com/KobeissiLetter/status/1822324564078039389   as Americans have been fighting inflation. The largest surge of $77 billion was seen in mortgage debt which sits now at an all-time high of $12.52 trillion. Credit card and auto debt grew by $27 billion and $10 billion to a record $1.14 trillion and $1.63 trillion, respectively. On the other hand, student loans have declined by $10 billion to $1.59 trillion. Households are still “fighting” inflation with debt. https://twitter.com/KobeissiLetter/status/1822285090417738080  been driven by a sharp drop in Suez Canal transit volume, disruptions at some ports in Asia, and demand increase due to inventory restocking. Rising shipping costs are fueling inflation. https://twitter.com/KobeissiLetter/status/1821998375090155691   increase at the smallest rate on record over the next 12 months. This comes as US consumer sentiment has declined to its lowest level in 8 months with 39-straight months of inflation at or above 3%. Consumers are fed up with persistent inflation. https://twitter.com/EndWokeness/status/1822462941603516631 TAKE A LISTEN https://twitter.com/JamesBlairUSA/status/1822490863919943831 https://twitter.com/DonaldJTrumpJr/status/1822616844861141131   Volatility is the stock market's new normal No matter where the economy goes,