A court in Britain has ruled that the mining company BHP is legally responsible for the collapse of a dam in 2015 which caused one of Brazil's worst environmental disasters. The failure of the Mariana dam (in southeastern Brazil) unleashed a wave of toxic waste that killed nineteen people and polluted a major river. It was owned by a joint venture between the Brazilian firm, Vale, and BHP - which was headquartered in Britain at the time. Hundreds of thousands of Brazilian victims are seeking what could amount to billions of dollars in compensation. BHP says it intends to appeal.
Also in the programme: controversy in Turkish football; and we hear from a mystery person photographed during the Louvre heist.
(Photo: A view shows the BHP Group logo at their headquarters in Melbourne, Australia. CREDIT: REUTERS/Hollie Adams/File Photo)
P.M. Edition for Nov. 14. Walmart CEO Doug McMillon is stepping down after more than a decade at the helm, and longtime executive John Furner will take his place. WSJ reporter Chip Cutter discusses how McMillon reshaped the U.S.’s biggest private employer, and what it means for its strategy with Furner in the top spot. Plus, how does online retailer Quince seem to always have what you’re looking for? Chavie Lieber, who covers fashion and culture for the Journal, goes inside the company’s strategy and how it’s able to sell high fashion “dupes” at a fraction of the price. And the U.S. has struck a trade deal with Switzerland after a charm offensive from the country’s business executives that lowers the tariffs on Swiss goods from 39% to 15%. Alex Ossola hosts.
The stock market has slumped the first two weeks of November as investors worry about layoffs, consumer spending, and returns of the AI buildout. We discuss what we’re looking at and how we would invest if the market drops 30%. Plus, we discuss the bond market’s current view of risk, the state of streaming, and stocks on our radar.
Travis Hoium, Emily Flippen, and Jon Quast discuss:
- Is the top in for 2025?
- What bonds are telling us
- The future of streaming
- Calls and puts
- Stocks on our radar
Companies discussed: Oracle (ORCL), Axon (AXON), Zillow (Z), Spotify (SPOT), Celsius (CELH), Monster (MNST), Dollar General (DG), Unity (U), Roku (ROKU), Airbnb (ABNB), Disney (DIS), Netflix (NFLX).
Host: Travis Hoium
Guests: Emily Flippen, Jon Quast
Engineer: Dan Boyd
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Plus: Cidara Therapeutics stock doubles after a bid from Merck. And Under Armour shares fall after dropping a deal with Stephen Curry. Katherine Sullivan hosts.
An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
On this episode of The Federalist Radio Hour, Grover Norquist, president of Americans for Tax Reform, joins Federalist Senior Elections Correspondent Matt Kittle to discuss the history of the partisan power struggle for the national purse and explain what Democrats got out of the latest and longest government shutdown.
If you care about combating the corrupt media that continue to inflict devastating damage, please give a gift to help The Federalist do the real journalism America needs.
Our commander-in-chief and breaker of mores can only muster the energy to beg Republicans to stop talking about Epstein. Where is the blustery guy who proudly declared he paid no taxes and that he could shoot anyone on 5th avenue? Because of the lame duck smell he's giving off—and the economic problems Trump himself brought on—he's not getting the support he needs from the outer MAGA media world that's obsessed with Epstein. Meanwhile, he's getting ready to have taxpayers pay off his cronies for trying to help steal the 2020 election. Plus, the four kinds of corruption in the Trump administration, the Caribbean boat bombings have driven down the price of cocaine, and the origins and modern flowering of antisemitism on the left and right.
This year authorities in Mumbai, India banned feeding pigeons in public spaces over health concerns. That might seem like a minor civic act but the backlash has been huge. We go to Mumbai to understand the controversy that touches not just on public health but also caste dynamics and religious duty.
This year authorities in Mumbai, India banned feeding pigeons in public spaces over health concerns. That might seem like a minor civic act but the backlash has been huge. We go to Mumbai to understand the controversy that touches not just on public health but also caste dynamics and religious duty.
Tsunamis destroy buildings, habitats and danger to everything in its path on land. But how do they affect life under the water? That's what CrowdScience listener Alvyn wants to know, and presenter Anand Jagatia is searching beneath the waves for answers. Anand meets Professor Syamsidik who is learning about how tsuanami waves are formed to help protect against future disasters. He runs the Tsunami and Disaster Mitigation Research Center at Universitas Syiah Kuala, Indonesia. With him at this state-of-the-art lab is Dr David McGovern, expert in ocean and coastal modelling at London South Bank University. David tells Anand how the energy of a tsunami is spread across the entire water column. To explain the forces at play, Anand chats to Professor Emile Okal a seismologist from Northwestern University in the United States. Tsunami wave can move as fast as 800 kilometres an hour but, despite this, out at sea you might not notice it - but can the same be said for marine life? We follow the wave as it nears land and all that force is contracted and begins to show its might. Professor Suchana 'Apple' Chavanich from Chulalongkorn University, Thailand was one of the first people to swim off the Thai coast after the 2004 tsunami and remembers how coral reefs were battered.
In Japan, after the 2011 Tohoku Earthquake and Tsunami as the water retracted it pulled with it tons and tons of debris into the water. The fishing communities of the Sanriku Coast lost almost everything, their equipment was destroyed and the water was heavily polluted. Anand meets Hiroshi Sato who set up the Sanriku Volunteer Divers, a team of people who dragged the debris out of the water. One of them was diver and journalist Bonnie Waycott who tells her story of witnesses the destruction first hand and trying to rescue the fishing industry with Hiroshi. Finally, we learnt that the effect of modern tsunamis carries far further than people might have imagined. On the west coast of the United States Professor Samuel Chan is an expert in invasive species at Oregon State University. He explains how modern infrastructure is contributing to some incredible migrations. Presenter: Anand Jagatia Producer: Tom Bonnett Editor: Ben Motley
Photo: USA, California, Sonoma County, Bodega Bay, tsunami evacuation panel - stock photo Credit: Brigitte MERLE via Getty Images)
