Net losses: plunder of the oceans
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 30 October 2020
⏱️ 21 minutes
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| 0:00.0 | Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer. |
| 0:09.5 | Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:18.5 | Where do people get their stock tips? Well, it depends on how old they are. We take a |
| 0:23.2 | look at the habits and trends among millennial investors, how they're changing the day trading |
| 0:28.4 | game and what kinds of companies will be getting their attention. |
| 0:32.4 | And, seventh time lucky. Tomorrow, a new airport in Berlin will launch after six planned |
| 0:39.5 | grand openings. It's nine years behind schedule. Our correspondent goes along to a dress rehearsal |
| 0:46.0 | of sorts and explains that the airport's headaches aren't over yet. |
| 0:50.2 | But first, the world's oceans are under increasing pressure from fishing. Just a fifth of the |
| 1:05.7 | world's commercial species are sustainably caught. But the legal, known end of the industry |
| 1:11.3 | might literally be only the half of it. 20 to 50 percent of the global catch is illegal |
| 1:17.3 | or isn't reported or is woefully unregulated. That comes at an enormous cost and not just |
| 1:24.0 | to dwindling species. It robs poor coastal states of billions in revenue and much of it |
| 1:29.6 | wreaks havoc on underwater ecosystems. And the crews of all those ships are subject to |
| 1:35.8 | dangerous conditions, abuse and worse. Much of the illegal trade is just coming to light |
| 1:45.6 | thanks to new ways of spotting it. In particular, revelations about the vast number of what are |
| 1:50.8 | called dark fleets. Well, for a number of years, hundreds of rickety wooden fishing boats from |
| 1:59.2 | North Korea have washed up on Japanese shores. And it's been a mystery because the big question |
| 2:05.9 | is why these unseeworthy vessels have put so far out to sea in the sea of Japan, which is notorious |
| 2:12.1 | for its storms. Dominic Ziegler writes Banyan, the economist to column on Asian affairs. |
| 2:19.9 | Well, only this year has the mystery been solved. It turns out that nearly a thousand large industrial |
| 2:26.2 | sized Chinese fishing vessels have been heading every year into North Korean waters to suck up |
... |
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