Net losses: plunder of the oceans
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 30 October 2020
⏱️ 21 minutes
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Transcript
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| 0:00.0 | Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer. |
| 0:09.2 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:17.9 | Where do people get their stock tips? Well, it depends on how old they are. |
| 0:22.6 | We take a look at the habits and trends among millennial investors, |
| 0:26.6 | how they're changing the day trading game, and what kinds of companies will be getting their attention. |
| 0:31.6 | And, seventh time lucky. |
| 0:34.6 | Tomorrow, a new airport in Berlin will launch after six planned grand openings. |
| 0:40.7 | It's nine years behind schedule. |
| 0:43.5 | Our correspondent goes along to a dress rehearsal of sorts |
| 0:46.3 | and explains that the airport's headaches aren't over yet. |
| 0:57.0 | But first... The world's oceans are under increasing pressure from fishing. |
| 1:04.7 | Just a fifth of the world's commercial species are sustainably caught. |
| 1:08.8 | But the legal, known end of the industry might literally be only the half of it. |
| 1:13.7 | 20 to 50% of the global catch is illegal, or isn't reported, or is woefully unregulated. |
| 1:20.6 | That comes at an enormous cost, and not just to dwindling species. |
| 1:25.7 | It robs poor coastal states of billions in revenue, |
| 1:28.8 | and much of it wreaks havoc on underwater ecosystems. And the crews of all those ships |
| 1:34.9 | are subject to dangerous conditions, abuse, and worse. Much of the illegal trade is just coming to light, thanks to new ways of spotting it. |
| 1:47.7 | In particular, revelations about the vast number of what are called dark fleets. |
| 1:54.3 | Well, for a number of years, hundreds of rickety wooden fishing boats from North Korea |
| 1:59.9 | have washed up on Japanese shores. |
| 2:03.1 | And it's been a mystery because the big question is why these unseaworthy vessels |
... |
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