Podcasts about Suez Canal

Sal Mercogliano and Joe Lynch discuss from ports to politics: decoding tariffs, ocean shipping, and supply chains. Sal is is an associate professor of history at Campbell University in North Carolina and adjunct professor at the U.S. Merchant Marine Academy. About Sal Mercogliano Dr. Salvatore R. Mercogliano is an associate professor of history at Campbell University in North Carolina and adjunct professor at the U.S. Merchant Marine Academy. He holds a Bachelor of Science in marine transportation from the State University of New York Maritime College, along with a merchant marine deck officer license (unlimited tonnage 2nd mate), a master's in maritime history and nautical archaeology from East Carolina University, and a Ph.D. in military and naval history from the University of Alabama. Dr. Mercogliano started What's Going on With Shipping on YouTube in March 2021 when the MV Ever Given ran aground in the Suez Canal.  Since then, he has grown the channel to 500,000 subscribers and maritime consulting. About What's Going On In Shipping What's Going on With Shipping?, hosted by Salvatore Mercogliano, Ph.D., is a YouTube channel delivering in-depth analysis of the maritime industry. The channel focuses on maritime industry policy, current events, and history. Dr. Mercogliano examines the world's merchant marines, the international maritime sector, current events in maritime trade, and maritime history. Dr. Mercogliano also consults with companies, organizations, and governmental bodies, offering expert advice on ocean shipping and trade issues. What's Going On In Shipping provides valuable content and expert insights for professionals, enthusiasts, and anyone seeking to understand the complexities of global shipping and maritime affairs. Key Takeaways: From Ports to Politics: Decoding Tariffs, Ocean Shipping, and Supply Chains Joe Lynch and Dr. Sal Mercogliano delve into "From Ports to Politics: Decoding Tariffs, Ocean Shipping, and Supply Chains," covering crucial topics such as: Decoding Tariffs: Understand the fundamental definition of a tariff and its direct impact on international trade and the cost of goods. Trump Administration's Tariff Strategy: Explore the intended goals and overarching objectives behind the tariff policies implemented by the Trump administration. Supply Chain Repositioning: Identify the specific supply chains and industries that are likely to undergo significant shifts and adjustments in response to the implemented tariffs. OSRA 2022 Overview: Gain insights into the key provisions and objectives of the Ocean Shipping Reform Act of 2022 and its implications for the maritime industry. Tariffs and Ocean Shipping Interplay: Analyze the direct and indirect ways in which tariffs influence the dynamics of ocean shipping and global trade routes. Political Dimensions of Tariffs: Discuss the broader political motivations and consequences associated with the use of tariffs as a trade policy tool. Future of Global Supply Chains: Consider the long-term implications of tariffs and related policies on the resilience, efficiency, and geographical distribution of international supply chains. What's Going On In Shipping: Discover insights into Salvatore Mercogliano's popular YouTube channel, "What's Going On In Shipping," which provides in-depth analysis of maritime policy, current events, and history. Expert Maritime Analysis: Learn how Dr. Mercogliano leverages his extensive background in maritime history and the merchant marine to offer expert commentary and analysis on global shipping trends and events on his YouTube platform. Learn More About From Ports to Politics: Decoding Tariffs, Ocean Shipping, and Supply Chains Sal Mercogliano | Linkedin Campbell University | Linkedin United States Merchant Marine Academy | Linkedin Campbell University United States Merchant Marine Academy Twitter: @mercoglianos Sal Mercogliano | Email   What's Going on With Shipping? | YouTube Big Changes at the Port with Lauren Beagen The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn, Overcast Check out The Logistics of Logistics on Youtube  

Stephen Grootes speaks to Sharmi Surianarain, Chief Impact Officer for Harambee Youth Employment Accelerator about South Africa's rising unemployment crisis, with the official rate hitting 32.9% in Q1 2025 and the expanded rate reaching 43.1%, highlighting a challenging job market. In other interviews, Timothy Walker, Maritime Senior Researcher at the Institute for Security Studies in Pretoria about Egypt's Suez Canal Authority offering a 15% discount on transit fees for large container ships to boost trade and offset rising insurance costs following recent security improvements in the region. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Stephen Grootes speaks to Timothy Walker, Maritime Senior Researcher at the Institute for Security Studies in Pretoria about Egypt's Suez Canal Authority offering a 15% discount on transit fees for large container ships to boost trade and offset rising insurance costs following recent security improvements in the region. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

On May 4, 2025, a ballistic missile traveling up to sixteen times faster than the speed of sound struck ground close to the terminal at Ben-Gurion airport, halting flight traffic and leaving a crater at the point of impact. It was the first time that the airport buildings themselves have been so close to a successful missile attack. This particular missile was fired from a distance of 1,300 miles, from Yemen, the Arab nation situated to the south of Saudi Arabia, whose coastline opens up to the Red Sea, the Gulf of Aden, and the crucial Bab al-Mandab Straight, a narrow chokepoint in global shipping that allows ships to travel from India and points east through the Suez Canal and into the Mediterranean. The missile was shot by the Houthis, a Shiite Islamist organization that is supported by, and operates in coordination with, Iran and its Islamic Revolutionary Guard Corps. They have been firing rockets at Israel for many months. Back in July 2024, they successfully struck an apartment building near the U.S. embassy's Tel Avi branch. And since October 2023, they have been targeting commercial naval craft in the Red Sea. Since March 2025, the United States has been conducting a campaign of air and naval strikes against the Houthis. But after the Ben-Gurion airport attack of May 4, the Israelis took matters into their own hands. On May 5, some 30 Israeli military aircraft attacked targets in Houthi-controlled Yemen, including the al-Imran cement factory and the Hodeidah port. On May 6, the Israelis destroyed the airport in Sana'a. This week, we focus on the Houthis, their place in Yemen, their relationship to Iran, and the threats they pose towards global shipping and Israel. Discussing these topics with us is Ari Heistein, who works in business development in Israel, is a close intellectual collaborator with the former Israeli chief of defense intelligence Amos Yadlin, and until recently served as chief of staff at Israel's Institute for National Security Studies. This podcast was recorded on Tuesday morning, May 6, 2025. Musical selections in this podcast are drawn from the Quintet for Clarinet and Strings, op. 31a, composed by Paul Ben-Haim and performed by the ARC Ensemble.

Donate (no account necessary) | Subscribe (account required) Join Bryan Dean Wright, former CIA Operations Officer, as he breaks down today's biggest stories shaping America and the world. Trump's 100-Day Diplomacy: Wins and Setbacks Abroad – Trump scores victories as Mexico agrees to water deliveries, India ramps up U.S. oil purchases, and Egypt faces pressure to grant free U.S. access to the Suez Canal. But his strategy falters in Ukraine and Canada, with Putin walking away from negotiations and Canada electing a leftist government amid anti-Trump backlash. Can Trump Eliminate Income Tax? The Math Doesn't Work – The White House floats ending income taxes for Americans earning under $200K, funded by tariffs. But with federal spending at $18B/day and tariff revenue projected at $3B/day, the math—and the politics—don't support it without massive cuts. Supply Chain Reality: Mixed Signals from the Economy – Treasury says U.S. shelves are stocked and supply chains are realigning, but UPS layoffs and shrinking West Coast port traffic hint at deeper disruptions ahead. “Take Back Your Health” Campaign Launches Nationwide – HHS Secretary RFK Jr. leads a new effort to combat obesity, encourage fitness, and educate Americans on better food choices. The military obesity crisis adds urgency to the movement. Medical Breakthroughs on Gut Health – New research shows gut bacteria transplants can dramatically reduce fibromyalgia symptoms, and coffee (not caffeine) boosts resilience and gut health. Bryan toasts the news with his favorite brew, Wacker Coffee. "And you shall know the truth, and the truth shall make you free." - John 8:32​

A bizarre and unexplained blackout in Spain and Portugal is fueling wild speculation, with some accusing Israel of deploying a weather weapon in retaliation for Spain's anti-Israel shift; power grid anomalies were also reported in the UK just hours before, sparking sabotage and cyberattack investigations. Meanwhile, global tensions intensify: Pakistan warns of imminent war with India, Iran accuses Israel of bombing a key port, and Dmitry Medvedev suggests NATO countries may need “de-Nazification” as he warns of nuclear apocalypse. In North America, Trump's critics claim Mossad-linked operatives are undermining Pentagon anti-war voices, Amazon is under fire for tariff price labels, and Canada has elected a new prime minister vowing to break with the U.S. Trump, undeterred, pushes forward with Suez Canal demands and defends America's deep alliance with Israel.Rick Wiles, Doc Burkhart. Airdate 4/29/25You can partner with us by visiting TruNews.com, calling 1-800-576-2116, or by mail at PO Box 399 Vero Beach, FL 32961.Get high-quality emergency preparedness food today from American Reserves!AmericanReserves.comLearn How You Could Protect and Diversify Everything You've Worked for with the Top-Rated Precious Metals Company - Goldco! Call 844-960-GOLD To Get Your Free 2025 Gold & Silver Kit, Plus Up to A 10% Instant Match on Bonus Silver for Qualified Accounts.Trunews4Gold.comIt's the Final Day! The day Jesus Christ bursts into our dimension of time, space, and matter. Now available in eBook and audio formats! Order Final Day from Amazon today!Amazon.com/Final-DayApple users, you can download the audio version on Apple Books!books.apple.com/final-dayPurchase the 4-part DVD set or start streaming Sacrificing Liberty today.Sacrificingliberty.comThe Fauci Elf is a hilarious gift guaranteed to make your friends laugh! Order yours today!Trunews/faucielf

HEADLINES :- Saudi Arabia's PIF has raised its target for assets under management by 2030 to $2.67 - trillion- Saudi Arabia and Qatar to pay back Syria's debt to the World Bank- Trump poised to offer Saudi Arabia over $100 billion arms package, reports Reuters- Trump Wants a 'Free' US Ride in the Suez Canal- All-time AED100-million record set at latest RTA number plate auction

Trump: free passage through the Suez Canal for American ships. Palestinian President Mahmoud Abbas has appointed a close aide as the first Deputy President of the Palestine Liberation Organisation. US and Iranian officials are scheduled to meet next week for a fourth round of nuclear talks. On this episode of Trending Middle East: Egyptians reject Trump's demand for free Suez Canal passage Palestinian President Abbas appoints aide as deputy and potential successor US and Iran agree to meet next week for fourth round of nuclear talks Death toll reaches 28 as fires burn after blast at Iran's Bandar Abbas port This episode features Kamal Tabikha, Cairo Correspondent; and Nada AlTaher, Senior Foreign Reporter.

The World Bank sees the Egyptian economy growing at a 3.8% y/y clip during the fiscal year 2024-2025, raising its outlook 0.3 percentage points from its 3.5% forecast in October.The Finance Ministry is considering exempting imported auto parts used in manufacturing from the 3% state development fee, to instead collect the fees upon commercial sales and during license renewals, following a proposal from car manufacturers, a government source said.Egypt's unemployment rate dropped to 6.6% of the total workforce in 2024, down 0.4 percentage points from 2023, according to data from CAPMAS.The Finance Ministry has issued a guide clarifying the eligibility criteria, obligations, and penalties under the newly approved tax code as well as the dispute-resolution mechanism that it outlines. SMEs will be taxed on their turnover, eliminating arguments with tax inspectors over expenses. The rates are ranges from 0.4% for companies with annual revenues below EGP500k; and 1.5% for revenues between EGP10 million and less than EGP20 million.Trump is demanding that American military and commercial vessels pass the Suez Canal and Panama canal “free of charge”. The Transport Ministry is offering up 23 dry ports and logistic zones investment projects, it said in a statement. Twenty French companies have begun serious negotiations with the Egyptian government to establish various projects in the Egyptian market, as part of their strategy to expand beyond their country's borders.The Suez Canal Economic Zone (SCZone) is anticipating total investments of more than USD90 billion in the green hydrogen industry, according to the zone's Vice President. Chairman of the Suez Canal Authority, Osama Rabie, revealed that the Authority aims to restore approximately 70% of the number of ships that used the Canal by 2023.

The canal was designed as a sea-level waterway stretching approximately 120 miles across the Isthmus of Suez, and its completion in 1869, ten years after work began, significantly reduced travel time between Europe and ...

Listen to this episode as our Crude Oil Reporter, Rhys van Dinther, puts forward some important questions to Delia He, Freight Analyst at Vortexa, following developments in the Suez Canal. Specifically, in relation to the re-opening of the canal and re-transiting of vessels through the Bab-el-Mandeb strait; If the full use of the Suez Canal returns, what does the timeframe look like for ship owners? If a return is expected in the near term, which vessel sizes are expected to be affected the most? What impact could the reopening of the Red Sea have on freight rates in the long term? And much more

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

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. 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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. 

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.

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?

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)

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)

  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! 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