Michael D. McDonald

Stay informed with Michael D. McDonald’s coverage and analysis for Coins2Day.

  • A tugboat navigates a container ship into the Culebra Cut from the Chagres River near Gamboa, Panama, on Thursday, Nov. 2, 2023. The Panama Canal is so shallow from climate change that quotas are being imposed on how many ships can use the artery, a decision destined to snarl trade in energy, consumer goods and food as carriers are forced to sail thousands of extra miles to make deliveries. Photographer: Walter Hurtado/Bloomberg via Getty ImagesEnvironment

    The Panama Canal is enmeshed in a crisis that’s disrupting global trade. But it will take years and billions of dollars to fix

    By Peter Millard, Michael D. McDonald, and others