Sign up to save your podcasts
Or
Share 7 crisis in the canal, the heat's on Tesla
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
7 crisis in the canal, the heat's on Tesla
our team has a complicated relationship with the social medias. it’s not that they’re not fun to use, it’s just that they’re...you know, destroying democracy and causing genocides. anyways, TWR is now on twitter! @faisalc93 & @ahmedhcheema, we’d love to hear from you!
big idea: crisis in the canal
Reuters
a quarter-mile long, ten-story deep ship ran aground in the suez canal Tuesday, blocking all traffic in the longest such stoppage ever. hundreds of ships are waiting around the canal for it to reopen. the latest digging efforts failed, but officials are hoping high tides today and tomorrow will refloat the monster-sized boat. we’re sure Ross’s pivot skills from “Friends” would help.
the suez halves the travel time between europe and asia, with the only other route involving weeks of travel along the pirate-infested coast of africa. the canal carries a whopping 10% of all global trade, with an estimated $400 million of goods delayed per hour it is closed. oil prices shot up 4% on friday as a result.
this is a huge black-eye for egypt’s latest dictator, Abdel Fattah el-Sisi, whose economic plans centered around an $8 billion expansion of the canal. the suez only accounts for 1.5% of egypt’s GDP, but is a critical source of foreign currency. the canal has long been a symbol of the end of colonialism in the region, with the UK and france losing a war in the ‘50s over control of it.
this whole episode highlights just how critical a few canals and channels are to our globalized economy. the panama canal carries 5% of global trade, the strait of malacca between malaysia and indonesia carries a staggering 40%, and the strait of hormuz between iran and the arabian peninsula transports 25% of all crude oil. these numbers help explain china’s shenanigans in the south china sea, and iran’s in the persian gulf.
story to watch: the heat’s on Tesla
Tesla had a terrible week - it was caught threatening and firing workers who tried to unionize its plant in california, Consumer Reports called out its privacy-invading in-car cameras, the government is investigating 23 accidents involving Autopilot, and investors are increasingly viewing EV stocks as a bubble, not a boom. we don’t think smoking some pot will help solve these problems, Elon.
the regulatory and consumer honeymoon of Tesla is over. it’s finally being viewed as just another corporation -...
big idea: crisis in the canal
Reuters
a quarter-mile long, ten-story deep ship ran aground in the suez canal Tuesday, blocking all traffic in the longest such stoppage ever. hundreds of ships are waiting around the canal for it to reopen. the latest digging efforts failed, but officials are hoping high tides today and tomorrow will refloat the monster-sized boat. we’re sure Ross’s pivot skills from “Friends” would help.
the suez halves the travel time between europe and asia, with the only other route involving weeks of travel along the pirate-infested coast of africa. the canal carries a whopping 10% of all global trade, with an estimated $400 million of goods delayed per hour it is closed. oil prices shot up 4% on friday as a result.
this is a huge black-eye for egypt’s latest dictator, Abdel Fattah el-Sisi, whose economic plans centered around an $8 billion expansion of the canal. the suez only accounts for 1.5% of egypt’s GDP, but is a critical source of foreign currency. the canal has long been a symbol of the end of colonialism in the region, with the UK and france losing a war in the ‘50s over control of it.
this whole episode highlights just how critical a few canals and channels are to our globalized economy. the panama canal carries 5% of global trade, the strait of malacca between malaysia and indonesia carries a staggering 40%, and the strait of hormuz between iran and the arabian peninsula transports 25% of all crude oil. these numbers help explain china’s shenanigans in the south china sea, and iran’s in the persian gulf.
story to watch: the heat’s on Tesla
Tesla had a terrible week - it was caught threatening and firing workers who tried to unionize its plant in california, Consumer Reports called out its privacy-invading in-car cameras, the government is investigating 23 accidents involving Autopilot, and investors are increasingly viewing EV stocks as a bubble, not a boom. we don’t think smoking some pot will help solve these problems, Elon.
the regulatory and consumer honeymoon of Tesla is over. it’s finally being viewed as just another corporation -...
View all episodes
By twr team
5
11 ratings
our team has a complicated relationship with the social medias. it’s not that they’re not fun to use, it’s just that they’re...you know, destroying democracy and causing genocides. anyways, TWR is now on twitter! @faisalc93 & @ahmedhcheema, we’d love to hear from you!
big idea: crisis in the canal
Reuters
a quarter-mile long, ten-story deep ship ran aground in the suez canal Tuesday, blocking all traffic in the longest such stoppage ever. hundreds of ships are waiting around the canal for it to reopen. the latest digging efforts failed, but officials are hoping high tides today and tomorrow will refloat the monster-sized boat. we’re sure Ross’s pivot skills from “Friends” would help.
the suez halves the travel time between europe and asia, with the only other route involving weeks of travel along the pirate-infested coast of africa. the canal carries a whopping 10% of all global trade, with an estimated $400 million of goods delayed per hour it is closed. oil prices shot up 4% on friday as a result.
this is a huge black-eye for egypt’s latest dictator, Abdel Fattah el-Sisi, whose economic plans centered around an $8 billion expansion of the canal. the suez only accounts for 1.5% of egypt’s GDP, but is a critical source of foreign currency. the canal has long been a symbol of the end of colonialism in the region, with the UK and france losing a war in the ‘50s over control of it.
this whole episode highlights just how critical a few canals and channels are to our globalized economy. the panama canal carries 5% of global trade, the strait of malacca between malaysia and indonesia carries a staggering 40%, and the strait of hormuz between iran and the arabian peninsula transports 25% of all crude oil. these numbers help explain china’s shenanigans in the south china sea, and iran’s in the persian gulf.
story to watch: the heat’s on Tesla
Tesla had a terrible week - it was caught threatening and firing workers who tried to unionize its plant in california, Consumer Reports called out its privacy-invading in-car cameras, the government is investigating 23 accidents involving Autopilot, and investors are increasingly viewing EV stocks as a bubble, not a boom. we don’t think smoking some pot will help solve these problems, Elon.
the regulatory and consumer honeymoon of Tesla is over. it’s finally being viewed as just another corporation -...
big idea: crisis in the canal
Reuters
a quarter-mile long, ten-story deep ship ran aground in the suez canal Tuesday, blocking all traffic in the longest such stoppage ever. hundreds of ships are waiting around the canal for it to reopen. the latest digging efforts failed, but officials are hoping high tides today and tomorrow will refloat the monster-sized boat. we’re sure Ross’s pivot skills from “Friends” would help.
the suez halves the travel time between europe and asia, with the only other route involving weeks of travel along the pirate-infested coast of africa. the canal carries a whopping 10% of all global trade, with an estimated $400 million of goods delayed per hour it is closed. oil prices shot up 4% on friday as a result.
this is a huge black-eye for egypt’s latest dictator, Abdel Fattah el-Sisi, whose economic plans centered around an $8 billion expansion of the canal. the suez only accounts for 1.5% of egypt’s GDP, but is a critical source of foreign currency. the canal has long been a symbol of the end of colonialism in the region, with the UK and france losing a war in the ‘50s over control of it.
this whole episode highlights just how critical a few canals and channels are to our globalized economy. the panama canal carries 5% of global trade, the strait of malacca between malaysia and indonesia carries a staggering 40%, and the strait of hormuz between iran and the arabian peninsula transports 25% of all crude oil. these numbers help explain china’s shenanigans in the south china sea, and iran’s in the persian gulf.
story to watch: the heat’s on Tesla
Tesla had a terrible week - it was caught threatening and firing workers who tried to unionize its plant in california, Consumer Reports called out its privacy-invading in-car cameras, the government is investigating 23 accidents involving Autopilot, and investors are increasingly viewing EV stocks as a bubble, not a boom. we don’t think smoking some pot will help solve these problems, Elon.
the regulatory and consumer honeymoon of Tesla is over. it’s finally being viewed as just another corporation -...