The Tiny Nation Suddenly Swimming In Oil
Big Take18 Marras 2022

The Tiny Nation Suddenly Swimming In Oil

What happens when a small country all of a sudden strikes it fantastically rich? The South American country of Guyana, is finding out in a big way. A nation of just 800,000 people, its economy centered on agriculture and mining–until 2015, when Exxon discovered a massive oil field beneath Guyana’s territorial waters.

Now, Guyana is flush with oil riches. Monte Reel, a Bloomberg investigative reporter, joins this episode to tell the story of the unusual way the government plans to spend some of it– future-proofing the country from rising water that threatens its shores. But in 2015, Guyana — more specifically Exxon — struck oil. Billions and billions of barrels worth of oil. Now the country is going all in on its oil discovery — even as it navigates a warming planet.

Monte Reel is an investigative reporter for Bloomberg and recently spent time in Guyana. He joins this episode to share how this small country is navigating this massive influx of oil money.

Learn more about this story here: https://bloom.bg/3UMLv2P

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The US Middle Class Is Doing Fine. Why Are They So Worried?

The US Middle Class Is Doing Fine. Why Are They So Worried?

Hello and welcome to The Big Take Podcast! Today: The good news, and not so good news, about the US middle class. With inflation rising, the stock market ping-ponging and housing prices softening, that broad swath of Americans who form the backbone of the US economy are getting hit on all sides. Bloomberg reporters Shawn Donnan, Alex Tanzi, Claire Ballentine and Airielle Lowe teamed up to take a look at how middle-income Americans are doing. The answer: Not so badly, actually–at least on paper. Even so, they’re worried about what’s next for them. And they have good reason to be. Shawn sits down with Wes to share the results from their exclusive polling and what these precarious economic times mean for the fortunes of working Americans. Learn more about this story here: https://bloom.bg/3faCxwM Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.

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Introducing: The Big Take

Introducing: The Big Take

Each weekday, The Big Take brings you one story—one big, important story that impacts your life. Host Wes Kosova talks to Bloomberg journalists around the world, experts in their fields and the people at the center of the news to help you understand what’s happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology—we cover it all on The Big Take. And we do it in plain English. The Big Take features the best of Bloomberg's in-depth, original reporting from around the globe. Listen each weekday starting on Oct. 27. Learn more about The Big Take www.bloomberg.com/bigtake and subscribe to our daily newsletter https://bloom.bg/3rBmR9g.See omnystudio.com/listener for privacy information.

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