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Jess Frampton

Car thieves hit the gas. Drivers foot the bill.

Auto thefts, including carjackings, are up in the United States and Canada. Politicians are noticing – and so are insurance companies. Last week, Ottawa went as far as to convene a national summit dedicated to the problem, and the criminal trend has grabbed headlines in both countries, tracking the many locations where vehicles end up, from Malta to Mexico to Ghana.

The jump in stolen vehicles on both sides of the border has some concerned about a return to the bad old days. In 1991, there were 659 car thefts for every 100,000 people in the US. In 2022, there were 283 – much lower than in the 90s but the most since 2008 and an increase of 10% from 2021. More than a million vehicles were pinched, and Kias and Hyundais have been particularly hard hit, with a leap of 1,000% since 2020.

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Climate change is "wreaking havoc" on supply chains
Climate change is "wreaking havoc" on supply chains | GZERO Media

Climate change is "wreaking havoc" on supply chains

Climate change is disrupting industries around the world, and that has a major impact on global trade. On GZERO World with Ian Bremmer, WTO Director-General Ngozi Okonjo-Iweala lays out the case for diversifying and decentralizing production around the world to build resiliency and reduce risk in global supply chains.

“Climate change is wreaking havoc in so many places,” Okonjo-Iweala says, “If you concentrate your production in any one place, you risk really disrupting things.

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