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Suez Canal Naturehunter

How 1 Boat Just Caused a $400 Million an Hour Traffic Jam

Traffic has resumed in the Suez Canal after a giant, stranded container ship blocking it for nearly a week was finally freed by salvage crews. Tug boats honked their horns in celebration as the 400m-long (1,300ft) Ever Given was dislodged on Monday with the help of dredgers and tug boats. Hundreds of ships are waiting to pass through the canal which links the Mediterranean to the Red Sea via Egypt. It is one of the world’s busiest trade routes.

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Latino community hit ‘disproportionately hard’ in economic crises, Treasury Sec Yellen says

Treasury Secretary Janet Yellen said that the Latino community has been hit “disproportionately hard” by the last five economic crises in the United States.

“If someone tried to design an economic crisis that would unduly target the Hispanic community, they’d probably come up with something that looks a lot like Covid-19,” Yellen said in virtual remarks before the U.S. Hispanic Chamber of Commerce on Tuesday.

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