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During World War II, the U.S. shipbuilding industry flourished. Now, it's nearly non-existent. China is the dominant shipbuilder in the world economy. On today's show, we look at what happened to American shipbuilding and the protectionist impulses that could stifle a revival. Related episodes:Will Iran block the Strait of Hormuz?The great turnaround in shippingThe wide open possibility of the high seasFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.Fact-checking by Tyler Jones. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Correction: A previous version of this episode incorrectly said that there are 80 U.S.-flagged ships operating in global shipping. As of March, there were at least 95. The episode also incorrectly said that being U.S.-flagged means a ship was built in an American shipyard and has an American crew. There is no requirement that the ship be built in a U.S. shipyard, and citizenship requirements vary.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

What's the price to save a human life? We examine the monumental legacy of the U.S. President's Emergency Plan For AIDS Relief (PEPFAR) with journalist Jon Cohen, who traveled to Eswatini and Lesotho to learn how cuts under the Trump Administration are hitting people at the clinic door. Related episodes: The gutting of USAID How USAID cuts hurts farmers For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

The world has held a close eye on the Strait of Hormuz lately with Israeli and U.S. strikes on Iran. Nearly a quarter of the world's seaborne oil passes through the narrow waterway, and many are worried Iran could shut the strait down. Today on the show, we explore what it would mean for Iran to close off the strait, and what insurance could tell us about tensions in the Middle East.Related episodes:Oil prices and the Israel-Hamas war (Apple / Spotify)How the 'shadow fleet' helps Russia skirt sanctions (Apple / Spotify)For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy