It was a mistake that can be seen around the world (and from space) – given the ever-admirable diversion of the Suez Canal – uprooting shipping routes and disrupting world trade to an unprecedented extent.
In addition to being massively inconvenient and extremely costly, this accident has created some really great memes.
Don’t be intimidated if you find yourself stuck in the same way as the March doldrums. April is here and we have some deadly interesting business and economic news to dive into during the lunch break that you always forget to take when working from home.
No matter where you call this house, be sure to take some time for fresh air this weekend.
How much compensation can the Egyptian authorities ask for after the aid is given for the end given forever Stabilized for about a week Suez Canal
“The amount of damage and loss and how much the dredgers have swallowed will be calculated. God willing, estimates will reach one billion dollars and a little more, it is the right of the country, “Osama Rabbi, chairman and managing director of the Suez Canal Authority, told Egypt’s Saad El-Balad channel.
The 400-meter-long (1,312-foot) ship is stuck diagonally across the southern part of the canal, making it the shortest shipping route between Europe and Asia and an important route for fuel and merchandise.
About 400 containers were stranded in a traffic jam provided by Ever, which also provoked one. Stimulation of memes From a world that is interested in laughing – and a lot of kudo for the little diggers trying to free it that we can probably relate to all sorts.
I’m just trying my best pic.twitter.com/s1ESpPs0KY
– Kim Vasin (@KimVasin) March 25, 2021
In addition to highlighting the weaknesses of trusted trade routes, the Suez Canal crisis created winners and losers in the global supply chain.
“The Greek shipwreck community, which controls More than a fifth Al-Jazeera’s John Persopoulos writes that there are more than half of the world’s fleet of merchant fleets and EU fleets, explaining that “accounts in supply chains around the world have historically tended to increase freight rates.”
The economic consequences from Ever Given’s OPC-Daisy are sure to continue for weeks. Meanwhile, a Twitter user gives everyone the idea of a Halloween costume at first. Welcome to you.
– Jamie Jones (JamDMJ) March 25, 2021
Numbers Extra year A new report from the World Economic Forum says women around the world have to wait to achieve gender equality with men. It ended in 99.5 years in 2020.
Al Jazeera’s Rodmilla Sulemanova writes, “The coronavirus epidemic has widened the gender gap by a generation, and once it stops, the concerted efforts of policymakers around the world will be accepted,” wrote Al Jazeera’s Rodmilla Sulemanova.
The WEF report covers gender gaps in economic participation and opportunities, educational attainment, health and survival, and political empowerment. The agency saw progress in education and health, but political and economic divisions remained isolated.
But as usual COVID-19 presents opportunities to rebuild the business more effectively.
“We know where the solutions are,” Sadia Zahidi, managing director of WEF, told Al Jazeera. “Now is the time to embed gender equality by designing recovery.”
A fraction of the numbers added to the U.S. economy in March Spring rental boom Including key and 4,400 stimulus checks to accelerate vaccination from U.S. President Joe Biden’s huge $ 1.9 trillion Covid-19 relief bill.
As temperatures warm in many parts of the United States, Americans are gradually opening up their wallets as shots are fired at them. Consumer confidence has been at an all-time high since the epidemic began in March, and shoppers have been on the rise for large-ticket items such as cars and homes.
Percentage, unemployment is also at its lowest level since the beginning of the Covid-19 crisis. However, even after the March figures improved, 9. Millions of Americans are out of work – a staggering four million more than in February 2020.
Recovery also remains unequal. Unemployment among Asian Americans rose in March after declining from the previous month, and for black Americans and Hispanic Americans, the unemployment rate remained much higher (5.4 percent) than for white Americans. Much more needs to be done to ensure that the epidemic is not one “Generation push for racial equality,” In the words of US Treasury Secretary Janet Yellen.
Tr 2 trillion
The lower edge of the price tag for biden Ambitious American Jobs Plan, Which aims to rebuild the age-old infrastructure of the United States, including ports, airports, highways, and public-transit systems.
“In response to former President Donald Trump’s Infrastructure ‘Infrastructure Week’ North-the-Beltway Dealmaker, this is an initiative that has long turned into Washington’s Groundhog Day-esque joke when it failed to land because it was too expensive and complicated,” Al said. Jazira’s Ben Piven writes.
And these upgrades are sorely needed. On it 2021 Report Card, The American Society of Civil Engineers has given many U.S. transportation and water resources systems a “D” – above a grade of failure – because of “long-term investment.” Not the report card you want to show your mom. Experts say the plan will include rebuilding existing infrastructure as well as financing new projects.
“We’re good at creating shiny new things,” Rick Gades, a professor of infrastructure policy at Cornell University, told Al Jazeera. “But we’re not good at taking care of what we already have.”
And, to quote mom everywhere, you don’t get any new bridges, roads and airports unless the United States already takes care of those shares.
Tr 28 trillion
The current U.S. national debt, which has led some to wonder what the long-term impact of Biden’s ambitious trillion-dollar plan will be – although not the majority of Americans.
The American ballooning nation is one Political hot potatoes for decadesRepublicans and Democrats are blaming each other for adding more items to the assembled tab, writes Al Jazeera’s political editor Steve Chaggaris.
And the poll found that American citizens were concerned about all this debt at various points in the recent past. For example, the 2010 Gallup poll found Americans Equal to terrorism is the placement of federal debt They considered it “extremely serious” as a threat to 40 percent of Americans.
Eight years later, 55 percent of people said there was a shortage of surveys at the Pew Research Center “A very big problem”. However, in August 2020, this number has come down to 4 percent. Why? Because many are now looking at solving the Covid-19 recession as a government task.
“Unlike in 2009, when Americans blamed the government, big banks and rich people for their economic problems, many Americans now leaned on the government to get rid of the economic crisis caused by the century-long epidemic,” argued Chaggaris. That is why Biden has discovered himself as much more political capital than his predecessors. This means that the debate over great debt continues for the time being.