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The World's Fastest Growing Economy
The World's Fastest Growing Economy
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자막 (664)
0:00
perhaps no world leader spends more of
0:03
their time at launch events than the
0:05
president of Guyana Dr Aran Ali that's
0:08
because the small South American country
0:10
is speedrunning National development for
0:13
example just weeks ago the president was
0:15
at the opening of the Aiden a new luxury
0:18
hotel in the capital operated as a
0:20
franchise of the Best Western this is
0:22
only the country's thirdd aligned with
0:24
an international brand and it's badly
0:26
needed the country's top Hotel the
0:28
Marriott is consistently selling for
0:31
over $600 a night as a recent influx of
0:34
foreigners has outpaced the country's
0:36
ability to build hotel rooms meaning
0:38
it's consistently more expensive than
0:40
the Marriot in New York's Time Square
0:43
but this new hotel in guyana's capital
0:45
of Georgetown is the first of a relative
0:47
Deluge backed by the country's
0:49
government including a four points by
0:51
Sheron Hyatt Place AC by Marriott
0:53
Courtyard by Marriott and RIS and blue
0:55
already announced an in development also
0:58
notable enough to Warrant the
0:59
president's attend was the opening of
1:01
guana's first Starbucks prices are steep
1:04
higher in fact than in the US a medium
1:06
latte goes for 1400 guanes dollars or
1:09
about
1:10
$6.75 USD considering just 5 years ago
1:14
Guana was one of the poorest countries
1:15
in South America with a human
1:17
development index lower than that of
1:19
Palestine it's remarkable that there are
1:21
now enough people with enough disposable
1:23
income in Georgetown to sustain such an
1:26
expensive coffee shop something similar
1:28
can be said for the country's new F
1:30
Changs whose opening was also of course
1:32
attended by President Dr fanali there an
1:35
order of crab wons goes for the
1:37
equivalent of $22 us a major reason why
1:41
these International brands are setting
1:42
up in the country is because there are
1:44
now more people from abroad coming into
1:46
the country so in addition of course Dr
1:49
air fanale was also on hand to receive a
1:51
delegation from United Airlines when the
1:53
carrier undertook its inaugural flight
1:55
from Houston to Georgetown he fulfilled
1:57
similar duties when British Airways
1:59
started flights the country via St Lucia
2:01
reconnecting Guana with its former
2:02
Colonial capital of London as recently
2:05
as 2019 guana's only flights beyond the
2:07
Caribbean region or to Miami and New
2:09
York since then in addition to the
2:11
Houston and London flights American and
2:13
JetBlue added their own flights to New
2:15
York Caribbean Airlines to Toronto and
2:17
aanka to Bogota there's just suddenly so
2:20
much more in demand to get to the nation
2:22
and therefore so many more Airlines
2:24
willing to take Travelers dollars this
2:26
turbocharge development also manifests
2:28
in far less flashy ways as well the
2:31
President also presided over the launch
2:33
event of dynamik q a new Guana based
2:35
Enterprise it provider it may not be
2:38
exciting but as more and more Tech
2:39
dependent companies enter the country
2:41
they need a company to sell Hardware
2:42
integrate cyber security systems and
2:44
provide ongoing support something
2:46
similar can be said for this highway
2:47
opening as Georgetown grows larger and
2:50
rents rise this section of land across
2:52
the demara river is suburbanizing and
2:54
therefore this higher throughput Road
2:56
through the area will help alleviate
2:58
commuter traffic behind this all the
3:01
reason why Guana is developing so much
3:03
so fast is oil and a whole lot of it now
3:09
in retrospect it's not some massive
3:10
surprise that Guana has oil in fact it
3:13
sits directly next to Venezuela the
3:15
country with the single largest proven
3:17
oil reserves in the entire world
3:20
geologists have long speculated that the
3:21
same formations extended across the
3:23
border into Gana yet Decades of
3:26
half-hearted exploration last century
3:27
only yielded uneventful discoveries that
3:29
were either too small or too difficult
3:31
to exploit commercially Exxon held
3:33
exploration rights since the late '90s
3:35
but it was only around 2013 as these
3:37
rights Drew close to expiring that the
3:39
company started to form a coalition of
3:41
smaller oil companies willing to do what
3:43
they weren't in paying $225 million for
3:46
the exploratory drilling process in
3:48
exchange these companies would get a
3:49
portion of the overall oil rights and
3:51
therefore Revenue if oil was found at
3:53
all but on May 5th 2015 the Deepwater
3:57
Champion oil rake broke through to
3:58
liquid the ologists were right Gana had
4:02
oil it would take some time for the true
4:04
scale of this discovery to become clear
4:07
as Exxon and its Partners kept exploring
4:09
over the years that followed their
4:11
understanding of the extent of this oil
4:12
deposit grew and grew and grew today 11
4:18
billion barrels worth of oil have been
4:20
found that by itself is a lot it's a
4:23
good bit more than that of Norway or
4:25
Ecuador for example but while Guana only
4:27
sits around 18th in the world for proven
4:29
oil reserves there's a big difference
4:31
between it and every other country
4:34
higher on the list with a population of
4:36
just 830,000 Guana is far far smaller
4:40
than every country with more oil meaning
4:43
its oil per capita is amongst the
4:44
highest in the world beaten only by that
4:47
of Kuwait but there is yet still a
4:50
difference between Kuwait and Guana
4:52
Kuwait is an Emirate a form of monarchy
4:55
meaning much of the spoils of its oil
4:57
wealth is confined to the ruling family
5:00
however is a democracy meaning at least
5:02
in theory oil Revenue should be used for
5:05
the benefit of the nation and its people
5:07
it would therefore be reasonable to
5:09
conclude given the style of governance
5:11
and the ratio of oil to people that the
5:13
scale of change that guyana's oil
5:15
Discovery will bring about will be
5:16
amongst the greatest any country has
5:20
ever seen in just 5 years since the
5:23
start of production in 2019 tremendous
5:25
change has already unfolded but that's
5:27
truly only the start the nation reached
5:30
output of 645,000 barrels per day in
5:32
2024 representing a doubling of 2023
5:35
production but based on the expected
5:37
output of new projects already in
5:39
development G is projected to double
5:42
that count to 1.3 million barrels a day
5:45
by 2027 and then beyond the sheer scale
5:48
the oil's influence is magnified yet
5:50
further by its cost it's cheap whereas
5:54
globally a barrel tends to cost between
5:55
$50 and $60 to pull out of the ground in
5:58
Guana the comparatively simple geology
6:00
puts it at just
6:01
$36 near middle eastern prices oil sells
6:05
in a global Marketplace so that leaves
6:07
tremendous profit margins against
6:09
today's 70 or so dollar per barrel oil
6:11
prices with 50% of profits going to the
6:14
government and profitability expected to
6:16
only grow as project setup costs are
6:18
paid off Guana is in for Far Far More
6:21
change than the tremendous amount that
6:23
is already occurred in five short years
6:27
but this change is far from a guarantee
6:29
win it would be intuitive on the surface
6:32
to expect that a massive influx of cash
6:34
into one of the world's poorest
6:36
countries would lead to it becoming a
6:37
far wealthier one and it will this is
6:40
already happening of course its economic
6:42
growth rates are quite literally the
6:44
fastest in the world but the mere fact
6:46
that a country's Topline indicators move
6:48
up and to the right is not necessarily a
6:51
good thing look no further than guana's
6:53
Western neighbor Venezuela as the
6:56
country with the world's most oil it
6:58
developed almost single-handedly off of
7:00
the revenues the resource provided and
7:02
this did pull it up to the status as the
7:04
wealthiest country in South America for
7:06
a period the standard of living in
7:08
Caracas was high democracy was stable
7:10
the economy was strong but of course the
7:12
Venezuela of today is far from that in
7:16
fact on the list of the 10 countries
7:17
with the largest proven oil reserves the
7:20
economic profiles of the Nations vary
7:22
widely there are some of the world's
7:23
wealthiest and most developed economies
7:25
like the US Canada and UAE but then
7:28
there are places like Venezuela and Iraq
7:30
and Iran while these nations still trend
7:32
wealthier on a GDP per capita basis than
7:35
most of their Regional neighbors they
7:37
certainly are not as wealthy as some of
7:38
their neighbors on this chart plotting
7:40
these nations out by GDP per capita
7:42
proves it objectively there is very
7:45
little correlation between oil reserves
7:47
and National wealth economists know this
7:50
and have studied the phenomenon since
7:51
the birth of the P State and they have
7:53
at least some straightforward
7:55
explanations for example currency
7:57
exchange rates at their simplest level
7:59
ENT all the manners in which countries
8:01
manipulate the relationship fluctuate
8:03
based on the traditional influences of
8:05
supply and demand in a Marketplace
8:07
that's to say if more people want Guan
8:09
dollars likely to buy things from Guyana
8:12
they'll have to offer more US dollars
8:14
per guanes dollar in order to compensate
8:16
for the increased demand as only so many
8:18
ganes are ever willing to take US
8:20
dollars in exchange for their own of
8:22
course when a nation starts producing
8:24
oil plenty more people want to buy from
8:26
it so plenty more people want its
8:27
currency so without inter vention a
8:30
currency's value will rise relative to
8:32
others you'll get fewer guanes dollars
8:34
in exchange for each us one this does
8:37
have benefits a Guan person could now
8:39
buy a product from abroad say an iPhone
8:42
for Less given the increased value of
8:44
their money imported goods in general
8:46
get cheaper but it also presents
8:48
challenges a guani sugar exporter for
8:50
example gets their money from abroad
8:52
their income is tied to foreign
8:54
currencies and therefore their income in
8:56
local currency is now effectively lower
8:59
they might earn the same number of US
9:01
dollars but those dollars translate to
9:03
fewer goods and services locally so
9:06
that's all to say absent intervention
9:08
the success of oil often can lead to the
9:11
failure of other older Industries in a
9:13
nation the ones that actually employ
9:15
local workers since oil tends to hire
9:17
from abroad so oil Revenue by itself
9:20
does very little for a nation and can
9:22
actually actively damage the economy so
9:25
what matters is what a government does
9:27
with the revenue and the data pretty
9:29
clearly shows what they
9:31
should while oil reserves exhibit almost
9:34
no correlation with GDP per capita
9:36
another indicator does oil rents as a
9:39
percent of GDP that's to say the more
9:42
Reliant an oil Rich nation is on its
9:45
resource the less its economy tends to
9:47
have developed or flipping that the
9:49
other way this appears to indicate that
9:51
the more a resourcer nation diversifies
9:54
away from its resource the greater its
9:56
economy will grow of course these days
9:59
this is obvious every oil Rich Nation
10:01
talks constantly about diversification
10:04
the number that actually achieve it
10:05
though is low in that top 10 Group
10:09
Canada Russia and the US were large and
10:11
developed enough economies pre- oil that
10:13
diversification was never a worry the
10:16
industries in Venezuela and Iran are
10:18
held back by sanctions and other
10:19
geopolitical factors meaning oil rent as
10:21
a percent of GDP likely would be higher
10:24
in an unrestricted Market Saudi Arabia
10:26
Iraq Kuwait and Libya are some of the
10:28
world's most oil Reliant and have not
10:31
had tremendous success historically at
10:33
diversification even if Saudi Arabia and
10:35
to a lesser extent Kuwait have started
10:37
to make more meaningful progress fairly
10:39
recently the UAE really stands as a rare
10:42
example of a previously lowincome
10:45
country experiencing a relatively recent
10:47
oil boom and translating it into a high
10:50
inome stable Diversified economy so
10:53
guana's task is to add itself to that
10:56
exclusive list and it's going to be
10:58
anything but easy
10:59
not only is Gana tiny it's disconnected
11:02
and divided take the nation's 2012
11:05
census it's most recent since the
11:06
country is yet to publish its 2022
11:08
Edition nationally 74% of people live in
11:12
rural areas putting it near Afghanistan
11:15
and Tajikistan in the metric and that
11:17
doesn't consider that 90% of the
11:19
population lives in six regions that
11:21
comprise the coastlands while the other
11:23
10% are spread across the other 2third
11:25
of the nation's land mass in What's
11:26
called the Hinterlands in the
11:28
Hinterlands the closest comparable US
11:30
state in terms of population density is
11:32
Alaska while for the nation in whole the
11:35
most comparable state would be the US's
11:37
third least dense Montana gyana then is
11:41
not only small in size it's small in
11:43
population and population centers with
11:46
pockets of people and Villages spread
11:47
across a relatively rough and heavily
11:50
forested landscape this makes managing a
11:52
country let alone a functioning
11:54
democracy all the more difficult as
11:56
conveniences like Broadband or cell
11:58
service or even paved roadways have yet
12:01
to make it to many communities then
12:03
zooming out another physical disconnect
12:06
more than half of all ganes live outside
12:09
of Ghana there are 300,000 in the United
12:11
States nearly 100,000 in Canada and
12:14
30,000 in the United Kingdom if the
12:17
guanes population of Brooklyn was a city
12:19
in Ghana for instance it'd be the
12:21
country's second largest city
12:23
effectively the country is split between
12:25
those who have and haven't left with
12:27
massive immigration beginning in the
12:29
country in the 1970s largely on account
12:31
of a lack of work prospects and moments
12:33
of real instability fueled by another
12:35
divide this one
12:38
ethnic a result of colonial era
12:40
indentured servitude and the
12:41
transatlantic slave trade Gana is split
12:43
between two major ethnic groups with
12:45
nearly 40% of the population indogan and
12:48
another 30% afro ganes while the country
12:51
has been governed by a multi-party
12:53
democracy since before independence in
12:55
1966 the nation's Stark ethnic divides
12:58
have informed political leanings and
12:59
fueled bouts of political violence with
13:02
the afro ganes passionately backing The
13:03
People's National Congress while indog
13:05
ganes push the people's Progressive
13:07
Party even in the country's heavily
13:09
publicized and closely monitored
13:11
elections of 1992 deem the nation's
13:13
first fair and free riots and an attack
13:16
on the elections commission Building
13:17
made the New York Times the trend
13:19
continued in the following elections of
13:21
1997 and 2001 as violence marred both
13:24
occasions nevertheless Ghana has
13:27
remained a democracy albeit a the
13:29
concerningly frail one as it ranks 67th
13:32
on The Economist democracy index where
13:34
it's categorized as a flawed democracy
13:36
and it's these types of indicators that
13:38
have onlookers worried that Newfound
13:41
wealth May well tip the country over but
13:44
Ghana for its part has so far backed its
13:47
commitment to democracy in its
13:48
burgeoning oil boom for one they've
13:51
taken a play out of the number one
13:52
ranked democracy on this list Norway in
13:55
creating a sovereign wealth Fund in 2019
13:57
essentially a national scale Investment
13:59
Portfolio to hold and grow the oil
14:02
wealth because this fund or the natural
14:04
resource fund is public ghis can keep an
14:07
eye on it cutting down on corruption and
14:09
because this fund is designed for the
14:11
betterment of the country's future
14:12
prospects it's directed to invest in the
14:14
all important diversification of
14:16
guyana's economy Beyond oil in some ways
14:19
this move was a continuation of guyana's
14:21
2017 entrance into the extractive
14:23
industries transparency initiative run
14:25
by a Norwegian organization which showed
14:27
a governmental willingness to open up on
14:29
how oil money is being used and in 2021
14:32
the messaging of 2017 and 2019 was
14:35
doubled down on with further amendments
14:36
to the natural resource fund that
14:38
ensured any transfer out of the fund
14:40
would have to be approved by Parliament
14:41
rather than just a federal bureau with
14:43
unelected Representatives at the helm
14:45
and while young the program is beginning
14:47
to pay some dividends in early 2024
14:50
president aan Ali presented a national
14:52
budget of 5.5 billion USD a number that
14:56
blew past the previous year's High
14:58
Watermark of 3 .75 billion making
15:01
possible a budget some six times larger
15:03
than that of 10 years prior was the fact
15:05
that 29% of it was covered by four
15:08
scheduled and executed transfers of
15:10
natural resource funds money held in the
15:12
New York Federal Reserve Bank back to
15:13
the nation your marked within this big
15:16
oil-backed budget was nearly $500
15:18
million for developing agriculture
15:20
infrastructure nearly $1 billion for
15:22
Rose and bridges and another $20 million
15:25
towards the University of Ghana to help
15:26
reduce tuition payments all efforts a to
15:29
close physical and educational divides
15:31
within the country but perhaps the most
15:34
exciting and ambitious aspect of the
15:35
year's budget was the continued funding
15:37
of a 300 megawatt natural gas power
15:40
plant with another $400 million going to
15:43
the project the plant could have a truly
15:45
revolutionary impact on the nation as
15:48
currently guana's total energy sector
15:50
capacity sits at around 300 megaw and
15:52
relies on inconsistent and often private
15:55
self-generated Diesel power in taking on
15:57
a 1.7 billion dooll project to pipe
16:00
unused natural gas from the oil field to
16:02
a plant roughly here Guana is using its
16:04
oil windfall to potentially Electrify a
16:06
country where houses are still Colonial
16:08
remnants roads are still dirt and
16:11
cooking in some Villages is done by wood
16:13
and charcoal the life altering
16:15
transformative potential can't be
16:17
overstated but the project has hit some
16:20
snags on the Exxon Mobile side the side
16:22
responsible for constructing the 125 M
16:25
or 200 km pipeline things are on Target
16:28
and on time for an end of 2024 delivery
16:31
however on the plant construction side
16:33
the side contracted out by the federal
16:34
government to the us-based partnership
16:36
of CH4 and linsa disputes over timing
16:39
and cost for the project have pushed the
16:40
plant's projected opening into late 2025
16:44
in the grand scheme of things though
16:45
it's unlikely a delay and an increased
16:47
price tag will prove too much of an
16:49
issue or perhaps it's an example of a
16:52
crack in the facade it wouldn't be the
16:54
first well these first few years of
16:57
Ghana's oil era have gone on balance
16:59
smoothly hiccups have occurred for one
17:03
in the 2020 snap election incumbent
17:05
David Granger was nearly sworn in as
17:08
president before the high court stepped
17:09
in and blocked the move to make time for
17:11
a recount which ultimately proved the
17:13
initial vote counting fraudulent leading
17:15
to aan Al's Inauguration in 2024 Ghana's
17:19
Representatives found themselves in the
17:20
crosshairs of the UN rights committee
17:22
over complaints of corruption and
17:23
non-competitive bidding processes linked
17:25
to government officials and in every
17:27
announcement of a new government program
17:29
or large spending plan there's the
17:31
questioning from near and far academics
17:33
and overlooked rural gianis alike over
17:36
exactly which gian's people are meant to
17:38
benefit from such projects and then
17:41
there's the Venezuela problem this
17:43
region is called the esao it's a bit
17:46
smaller than Florida it's home to over
17:48
100,000 it's heavily forested it holds a
17:51
trove of gold and diamonds and when
17:53
looking at a map it traditionally
17:55
appears within the borders of Ghana but
17:58
not the one that vene introduced in late
18:00
2023 now the region has been disputed
18:02
for more than a century and while a 1966
18:05
agreement to find a solution then
18:07
efforts by Gana to settle the dispute
18:08
through the UN as recently as 2020 have
18:10
pushed for a resolution Venezuela has
18:13
refused to play ball and now the
18:15
troubled country is only intensifying
18:18
its rhetoric around the region as the
18:19
reimagined map of Venezuela has been
18:21
paired with nationalist messaging on the
18:23
part of President Maduro that the rise
18:25
of Gana and the encroachment of Exxon
18:27
Mobile in the region an extension of
18:29
American Empire in his view is a direct
18:32
threat in a December referendum it
18:34
appeared that a majority of Venezuelans
18:36
agreed with the head of state as an
18:38
incredible 99% of Voters agreed that
18:41
Venezuela has the right to the region
18:44
turnout however was so low and the
18:46
results so obviously altered by the
18:48
government that Guyana and the rest of
18:50
the International Community wary of
18:52
Venezuela's intensifying tone took a
18:54
sigh of relief but Maduro has so far
18:57
proved undeterred in the face of an
18:58
unenthused Venezuelan voter base his
19:01
government has spent much of 2024
19:03
showcasing new missile boats on social
19:05
media authorizing and publicizing
19:07
military aircraft exercises over the
19:08
Atlantic and expanding the anoko island
19:11
military base and air strip directly on
19:13
the border of gyana maduro's exact
19:15
purpose and what the unpredictable
19:17
regime does next remains to be seen but
19:20
on top of its efforts to ensure it
19:21
doesn't make the same mistakes as
19:23
Venezuela gyana is also dealing with the
19:25
existential threat of a large swath of
19:27
the nation becoming
19:29
Venezuela but overall the story of gyana
19:32
is not a new one plenty of previously
19:34
poor countries have navigated this
19:36
complex web of opportunity and Peril
19:39
what makes Gana situation unique is the
19:41
combination of the fact that it's
19:43
happening now it's happening in a
19:45
democracy and it's happening in the US's
19:47
backyard that really just means more
19:49
people are paying attention there's a
19:51
long history of countries getting
19:52
trapped in the resource curse and ending
19:54
up no better than they were pre- oil but
19:56
many of those failures happened in an
19:58
era where there was less historical
19:59
precedent and therefore less recognition
20:02
of the pitfalls worth avoiding there's
20:04
also a long history of weak democracies
20:06
devolving into authoritarian regimes
20:08
with the pressures oil applies it's
20:11
happened in Venezuela it's happened in
20:13
Iran it's happening in Angola each time
20:16
the direct causes are different but oil
20:18
seemingly serves as fuel to the flame in
20:20
flawed democracies when there's a lot to
20:23
gain from corruption and weak
20:25
institutions that could get in the way
20:27
one seemingly just gets more corruption
20:29
backed up by authoritarianism but
20:31
there's not as much of a long history of
20:33
countries as geographically close to the
20:35
US experiencing the situation Venezuela
20:38
is the main case and considering where
20:40
it's ended up it'd be reasonable to
20:41
assume that the US will play a much more
20:44
active role in Guyana than it has in
20:46
many of the West African economies that
20:47
have gone through oil Booms for example
20:50
guyana's off to a strong start right now
20:52
in these early early years they're
20:55
directing money in a lot of smart ways
20:56
and the country's Democratic
20:58
institutions appear to be intact but the
21:00
bulk of the challenge is still to come
21:03
guyana's only gone through one election
21:05
since the scale of its impending oil
21:06
wealth became clear and that was the
21:08
election that nearly Ended as a coup the
21:11
Gan oil boom is likely to be one of the
21:14
world's last with peak oil Demand on the
21:17
horizon the industry is growing less and
21:19
less interested in investing the
21:21
enormous amounts necessary to set up
21:23
production in new areas already unlikely
21:26
new discoveries will increasingly go
21:28
unex exploit it so Gana presents one
21:31
last opportunity to get it right the
21:33
steps a nation in its position need to
21:35
take are as clear as they've ever been
21:37
it's the ensuring that it actually does
21:39
so that's tricky but if it does it
21:42
appears that gyana is set for an
21:44
incredible transformation that will
21:46
reshape the entire
21:49
region of course understanding what's
21:51
next for Ghana also requires an
21:53
understanding of Venezuela's next move
21:55
and understanding what Venezuela's up to
21:57
has required a careful consideration of
21:59
the biases within my own research on the
22:01
topic given how politically charged
22:03
anything to do with the country or its
22:05
politics or its economy or its leader
22:07
has become when looking for sources and
22:09
news stories to inform this video I turn
22:11
to ground news the sponsor of this video
22:14
take for instance the issue of rising
22:15
tensions between Venezuela and its
22:17
neighbors an important component of this
22:19
video given that maduro's regime is
22:21
often associated with a perceived ills
22:22
of socialism and given that so much news
22:25
is often sensationalized to pull clicks
22:27
and generate ad Revenue I wanted to make
22:29
sure that it was fair to characterize
22:30
Venezuela's tone as increasingly hostile
22:33
towards its neighbors without repeating
22:34
the biases of slanted news sources
22:36
ground news allowed me to do that by
22:38
compiling articles on the growing Rift
22:40
between Brazil and Venezuela and
22:41
characterizing the sources for such
22:43
stories as Center left or right it also
22:46
generated a list of key points made in
22:48
right leaning articles and left leaning
22:49
articles in this case given so many
22:51
sources were considered Center and given
22:53
that the right leaning and left leaning
22:54
talking points were fairly similar I was
22:56
able to continue drafting the script
22:58
with confidence that I'm not simply
22:59
echoing my own or anyone else's
23:01
political biases and our only as ground
23:03
news of massive Aid in spotting biases
23:05
and slant in the stories you care about
23:07
it also has a feature called blind spot
23:09
that identifies and introduces stories
23:11
that are not getting equal coverage from
23:12
the right and left which is so helpful
23:15
to any and all news consumers because it
23:17
allows each and every one of us to move
23:19
beyond our own biased media diets to
23:21
consider what we're missing on top of
23:23
blind spot ground news also has a local
23:25
feed so you can plug in your city and
23:27
quickly identify the slant and the
23:28
stories that are getting covered in your
23:30
hometown on top of this there's also my
23:33
news bias which tracks reading habits
23:35
over time with this I can see my most
23:37
read Outlets the bias of the stories I
23:39
read and even the topics and people I
23:41
read about most is basically a diet
23:43
tracker for news and one final aspect
23:45
I'd like to shout out is the ownership
23:47
feature that ground news has developed
23:49
they've analyzed well over 2,000
23:51
separate news sources to distill the
23:53
ownership structure of each Source into
23:55
one of seven categories ranging from
23:57
wealthy private owners to two government
23:59
owned and operated news sources which
24:01
again helps me understand why a story is
24:03
framed the way it is the fact of the
24:05
matter is all media to a certain extent
24:07
carries bias and all media consumers
24:09
including myself carry some personal
24:11
biases so if you want to counter such
24:13
factors cut through all the rhetoric
24:15
political positioning and organizational
24:16
slant go to ground. news/ Wendover or
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follow the link in this video's
24:21
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