Except that the use of this system has changed in spectacular ways. Increasingly used. In 1992, sort of the middle point, the cold war had just ended, as i said. Soviet union had dissolved. Since 1992, maritime traffic has increased by a factor of four leading up to today. This far outpaces the change in global gdp, which is just shy of doubling. Its increased by about 80 , and so it gives you a sense of how much this maritime system is being used, how accessible it is. And its becoming more accessible, right, for a number of reasons. We are seeing new trade routes open as the arctic Climate Change affects the arctic. This past september the extent of the sea ice in the arctic was almost 30 less than average over most of my career, over those 33 years. And it was the fourth lowest it has ever since we started keeping those records. Today, the maritime route north of europe, northern sea route north of russia, is open to water about two weeks a year. By 2025, scientists predict it will
Transcripts For KCAU ABC9 News This Morning At 6 20160120 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
Taken on a level Playing Field and in the normal course of this scope we interact on gates and with our demaio t. To work through these issues and the state department to work through these issues. This is an issue that hurts part of the industry, but there are other parts of the industry and us that are perfectly happy with the status quo. An issue of where you stood is where you stand . Let me try that one. The issue is we care the most because it affects us the most. Our our employees are here because they understand the effect it will have on them. Those other organizations you describe other do not understand the situation or have the view that it does not concern the. It certainly is it certainly is better for them. Here is the reality. Today we are already experiencing some. And that is real damage, but what we see in europe and will happen here if i government allows for what we will see is more into the United States from points not ago. That has a material potential impact. O
Out the markets today borrowing capital at almost no cost anybody would do this. You get tremendous savings by being able to make your investment now. You would probably build it in three years it would be outdone. I am listening to you and im hearing highways. We are all thinking about highways right now. They dont have a bill and a highway funding runs out in 10 minutes we still dont have a bill on highway funding. Should we do this for our highway system . Shall we go through a notforprofit organization for our highway system and what about our waterways . Or we go to a private a notforprofit corporation for that . Some of the port authorities are good analogous to that. Indiana has done highways in ohio has done something similar. Theyre aspects and we have certainly done it on bridges in some cases. The mackinac bridge is run by a private authority. It seems to me that we could do better on the funding part and we would acknowledge that we need to do it for infrastructure we need