IBOV 167,874.64 ▼ 2.50% IPSA 11,128.56 ▼ 1.25% IPC MEX 65,878.37 ▼ 0.84% MERVAL 3,022,485 ▼ 3.19% COLCAP 2,423.37 ▲ 2.14% BVL PERÚ 59,693.55 ▼ 1.60% USD/BRL5.16▼ 0.11% USD/MXN17.06▼ 0.20% USD/CLP913.38▼ 0.42% USD/COP3,128▼ 0.35% USD/PEN3.38▼ 0.08% USD/ARS1,491▼ 0.03% USD/UYU40.23▲ 1.15% USD/PYG5,925▲ 1.44% USD/BOB11.72▼ 0.08% USD/DOP58.20▲ 1.00% USD/CRC447.79▲ 1.32% USD/GTQ7.62▲ 2.13% USD/HNL26.78▲ 1.53% USD/NIO36.62▲ 0.69% USD/VES762.44▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.28— 0.00% USD/TTD6.71▲ 0.81% EUR/BRL5.95▲ 1.03% BRENT 89.52 ▲ 2.05% WTI 83.82 ▲ 2.06% IRON ORE 161.91 — — COPPER 6.64 ▲ 0.67% GOLD 4,439 ▲ 1.76% SILVER 64.99 ▼ 0.19% SOY 1,168 ▲ 0.91% CORN 460.75 ▲ 5.13% WHEAT 632.50 ▼ 1.25% COFFEE 312.80 ▼ 5.87% SUGAR 16.74 ▲ 1.64% ORANGE JUICE 139.00 ▼ 2.01% COTTON 83.79 ▲ 1.29% COCOA 5,637 ▼ 3.16% BEEF 226.25 ▼ 3.01% CATTLE 344.98 ▼ 1.65% LITHIUM 74.11 ▼ 0.84% PETR4 41.66 ▼ 1.35% VALE3 74.40 ▲ 2.00% ITUB4 39.00 ▼ 3.51% BBDC4 16.79 ▼ 2.27% ABEV3 15.01 ▼ 1.70% BBAS3 19.28 ▼ 3.74% B3SA3 14.29 ▼ 2.59% WEGE3 47.36 ▼ 0.57% PRIO3 59.25 ▼ 3.25% SUZB3 40.38 ▼ 2.20% RENT3 34.71 ▼ 4.38% AZZA3 16.32 ▼ 2.57% CSAN3 3.28 ▼ 4.93% RAIZ4 0.25 — 0.00% PCAR3 2.76 ▼ 2.82% GMAT3 3.69 ▲ 0.27% PSSA3 48.39 ▼ 2.64% CVCB3 1.37 ▼ 3.52% POSI3 3.28 ▼ 6.29% SLCE3 13.30 ▼ 0.52% NATU3 8.20 ▲ 1.49% BRKM5 5.64 ▼ 1.91% RANI3 7.90 ▼ 1.50% CSNA3 4.28 ▼ 4.04% CMIN3 5.57 ▲ 2.01% USIM5 6.62 ▼ 7.54% GGBR4 24.16 ▼ 4.32% ENEV3 24.55 ▼ 3.04% CPFE3 43.65 ▼ 1.69% CMIG4 10.40 ▼ 2.62% EQTL3 35.81 ▼ 2.61% LREN3 12.03 ▼ 0.74% VIVT3 30.14 ▼ 1.34% RAIL3 12.96 ▼ 1.97% KLABIN 17.55 ▼ 1.74% RAIA DROGASIL 18.28 ▼ 5.68% RDOR3 33.17 ▼ 2.36% HAPV3 9.79 ▼ 4.95% FLRY3 18.59 ▲ 0.93% SMTO3 15.01 ▲ 0.40% UGPA3 30.99 ▼ 0.03% VBBR3 33.23 ▼ 0.63% BBSE3 37.26 ▼ 2.54% BPAC11 50.13 ▼ 6.93% CURY3 31.50 ▼ 0.60% AERI3 2.26 ▼ 2.16% VIVARA 20.89 ▼ 3.47% COMPASS 21.73 ▼ 3.51% VAMOS 2.80 ▼ 3.78% SANB11 29.52 ▲ 0.92% ASAI3 8.08 ▲ 0.25% SBSP3 25.99 ▼ 2.11% WALMEX 48.56 ▲ 0.79% GMEXICO 221.95 ▼ 1.28% FEMSA 201.67 ▼ 1.95% CEMEX 19.16 ▼ 1.64% GFNORTE 191.56 ▼ 2.84% BIMBO 61.64 ▲ 0.08% TELEVISA 9.69 ▼ 2.81% AMX 19.99 ▼ 2.39% GAP 364.14 ▼ 1.66% ASUR 271.64 ▼ 1.09% OMA 232.53 ▲ 0.02% KOF 186.44 ▼ 0.09% GRUMA 251.62 ▼ 1.31% KIMBER 39.51 ▼ 1.96% SQM-B 65,860 ▼ 1.63% COPEC 6,030 ▼ 1.18% BSANTANDER 80.20 ▼ 1.96% FALABELLA 6,429 ▼ 0.16% ENELAM 87.00 ▼ 0.57% CENCOSUD 1,990 ▼ 2.93% CMPC 1,040 ▲ 0.42% BANCO CHILE 186.85 ▼ 1.53% LATAM AIR 24.35 ▼ 1.77% YPF 7,790 ▼ 3.41% GGAL 7,035 ▼ 4.42% PAMPA 5,080 ▼ 3.05% TXAR 765.50 ▲ 1.46% ALUAR 949.50 ▼ 0.21% TGS 8,885 ▼ 4.77% CEPU 2,117 ▼ 3.25% MIRGOR 1,670 ▼ 1.18% COME 41.23 ▼ 0.19% LOMA NEGRA 3,128 ▼ 4.21% BYMA 279.75 — 0.00% TELECOM ARG 4,263 ▼ 5.70% ECOPETROL 17.01 ▼ 0.23% BANCOLOMBIA 98.01 ▲ 7.15% GRUPO AVAL 5.26 ▼ 0.38% CREDICORP 377.21 ▼ 1.31% SOUTHERN COPPER 194.48 ▼ 2.81% BUENAVENTURA 34.84 ▲ 0.75% MERCADOLIBRE 1,940 ▲ 6.34% NUBANK 13.65 ▼ 1.52% XP 15.51 ▼ 4.26% PAGSEGURO 8.89 ▼ 2.09% STONE 9.96 ▼ 3.95% GLOBANT 38.99 ▲ 1.14% TECNOGLASS 42.77 ▲ 3.23% GAP AIRPORT 213.44 ▼ 1.26% ASUR 271.64 ▼ 1.09% OMA AIRPORT 108.40 ▼ 0.12% AMX ADR 23.41 ▼ 2.01% FEMSA ADR 118.13 ▼ 1.49% CEMEX ADR 11.19 ▼ 0.97% PETROBRAS ADR 17.93 ▼ 2.18% VALE ADR 14.32 ▼ 3.83% ITAU ADR 7.50 ▼ 4.82% SANTANDER BR 5.75 ▼ 0.26% AMBEV ADR 2.84 ▼ 3.40% CSN 0.87 ▼ 3.75% GERDAU 4.69 ▼ 5.54% LATAM ADR 53.05 ▼ 1.28% BTC 63,700 ▼ 0.33% ETH 1,882 ▲ 0.59% SOL 76.33 ▲ 0.51% XRP 1.02 ▲ 1.10% BNB 618.93 ▲ 3.38% ADA 0.19 ▼ 2.67% DOGE 0.07 ▲ 3.88% AVAX 6.29 ▼ 2.14% LINK 8.77 ▲ 5.81% DOT 0.79 ▼ 1.48% LTC 45.57 ▲ 1.02% BCH 214.28 ▲ 0.55% TRX 0.33 ▲ 1.26% XLM 0.16 ▲ 0.28% HBAR 0.07 ▼ 1.73% NEAR 1.63 ▲ 1.47% ATOM 1.43 ▲ 2.42% AAVE 88.59 ▼ 0.61% SELIC 14.00% EMBRAER 92.48 ▼ 2.30% EMBRAER ADR 71.39 ▼ 3.27% JBS 13.02 ▼ 2.91% JBS BDR 67.03 ▼ 2.73% MBRF3 16.16 ▲ 1.38% MBRFY 3.06 — 0.00% INTER 5.20 ▼ 2.80% EGX 54,829 ▼ 0.09% USD/ZAR16.19▼ 0.10% USD/NGN 1,360 — 0.00% NIKKEI 67,046 ▲ 0.11% CSI300 4,681 ▲ 0.36% HSI 25,382 ▼ 1.05% NIFTY 24,472 ▼ 0.46% KOSPI 6,563 ▲ 3.42% JCI 6,268 ▼ 1.53% USD/JPY159.41▲ 0.08% USD/CNY6.75▲ 0.01% DAX 26,391 ▲ 0.26% CAC 8,715 ▼ 0.13% FTSE 10,844 ▼ 0.17% MIB 53,706 ▲ 0.08% IBEX 20,214 ▲ 0.20% STOXX 660.51 ▲ 0.01% EUR/USD1.15▼ 0.03% GBP/USD1.35▼ 0.03% SPX 7,728 ▼ 0.32% DJI 53,792 ▼ 0.34% NDX 29,525 ▼ 0.33% RUT 3,027 ▲ 0.32% TSX 36,476 ▲ 0.05% VIX 15.28 ▼ 1.16% USD/CAD1.39▲ 0.05% US10Y 4.6840 ▼ 0.32% IBOV 167,874.64 ▼ 2.50% IPSA 11,128.56 ▼ 1.25% IPC MEX 65,878.37 ▼ 0.84% MERVAL 3,022,485 ▼ 3.19% COLCAP 2,423.37 ▲ 2.14% BVL PERÚ 59,693.55 ▼ 1.60% USD/BRL 5.16 ▲ 0.93% USD/MXN 17.06 ▼ 0.44% USD/CLP 913.38 ▼ 0.42% USD/COP 3,128 ▼ 0.87% USD/PEN 3.38 ▼ 0.02% USD/ARS 1,491 ▼ 0.53% USD/UYU 40.23 ▲ 1.56% USD/PYG 5,925 ▲ 1.88% USD/BOB 11.72 ▲ 0.37% USD/DOP 58.20 ▲ 1.20% USD/CRC 447.79 ▲ 1.51% USD/GTQ 7.62 ▲ 2.47% USD/HNL 26.78 ▲ 1.86% USD/NIO 36.62 ▲ 1.01% USD/VES 762.44 ▲ 0.29% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.39 ▲ 0.07% USD/TTD 6.71 ▲ 0.81% EUR/BRL 5.95 ▲ 1.42% BRENT 89.52 ▲ 2.05% WTI 83.82 ▲ 2.06% IRON ORE 161.91 — — COPPER 6.64 ▲ 0.67% GOLD 4,439 ▲ 1.76% SILVER 64.99 ▼ 0.19% SOY 1,168 ▲ 0.91% CORN 460.75 ▲ 5.13% WHEAT 632.50 ▼ 1.25% COFFEE 312.80 ▼ 5.87% SUGAR 16.74 ▲ 1.64% ORANGE JUICE 139.00 ▼ 2.01% COTTON 83.79 ▲ 1.29% COCOA 5,637 ▼ 3.16% BEEF 226.25 ▼ 3.01% CATTLE 344.98 ▼ 1.65% LITHIUM 74.11 ▼ 0.84% PETR4 41.66 ▼ 1.35% VALE3 74.40 ▲ 2.00% ITUB4 39.00 ▼ 3.51% BBDC4 16.79 ▼ 2.27% ABEV3 15.01 ▼ 1.70% BBAS3 19.28 ▼ 3.74% B3SA3 14.29 ▼ 2.59% WEGE3 47.36 ▼ 0.57% PRIO3 59.25 ▼ 3.25% SUZB3 40.38 ▼ 2.20% RENT3 34.71 ▼ 4.38% AZZA3 16.32 ▼ 2.57% CSAN3 3.28 ▼ 4.93% RAIZ4 0.25 — 0.00% PCAR3 2.76 ▼ 2.82% GMAT3 3.69 ▲ 0.27% PSSA3 48.39 ▼ 2.64% CVCB3 1.37 ▼ 3.52% POSI3 3.28 ▼ 6.29% SLCE3 13.30 ▼ 0.52% NATU3 8.20 ▲ 1.49% BRKM5 5.64 ▼ 1.91% RANI3 7.90 ▼ 1.50% CSNA3 4.28 ▼ 4.04% CMIN3 5.57 ▲ 2.01% USIM5 6.62 ▼ 7.54% GGBR4 24.16 ▼ 4.32% ENEV3 24.55 ▼ 3.04% CPFE3 43.65 ▼ 1.69% CMIG4 10.40 ▼ 2.62% EQTL3 35.81 ▼ 2.61% LREN3 12.03 ▼ 0.74% VIVT3 30.14 ▼ 1.34% RAIL3 12.96 ▼ 1.97% KLABIN 17.55 ▼ 1.74% RAIA DROGASIL 18.28 ▼ 5.68% RDOR3 33.17 ▼ 2.36% HAPV3 9.79 ▼ 4.95% FLRY3 18.59 ▲ 0.93% SMTO3 15.01 ▲ 0.40% UGPA3 30.99 ▼ 0.03% VBBR3 33.23 ▼ 0.63% BBSE3 37.26 ▼ 2.54% BPAC11 50.13 ▼ 6.93% CURY3 31.50 ▼ 0.60% AERI3 2.26 ▼ 2.16% VIVARA 20.89 ▼ 3.47% COMPASS 21.73 ▼ 3.51% VAMOS 2.80 ▼ 3.78% SANB11 29.52 ▲ 0.92% ASAI3 8.08 ▲ 0.25% SBSP3 25.99 ▼ 2.11% WALMEX 48.56 ▲ 0.79% GMEXICO 221.95 ▼ 1.28% FEMSA 201.67 ▼ 1.95% CEMEX 19.16 ▼ 1.64% GFNORTE 191.56 ▼ 2.84% BIMBO 61.64 ▲ 0.08% TELEVISA 9.69 ▼ 2.81% AMX 19.99 ▼ 2.39% GAP 364.14 ▼ 1.66% ASUR 271.64 ▼ 1.09% OMA 232.53 ▲ 0.02% KOF 186.44 ▼ 0.09% GRUMA 251.62 ▼ 1.31% KIMBER 39.51 ▼ 1.96% SQM-B 65,860 ▼ 1.63% COPEC 6,030 ▼ 1.18% BSANTANDER 80.20 ▼ 1.96% FALABELLA 6,429 ▼ 0.16% ENELAM 87.00 ▼ 0.57% CENCOSUD 1,990 ▼ 2.93% CMPC 1,040 ▲ 0.42% BANCO CHILE 186.85 ▼ 1.53% LATAM AIR 24.35 ▼ 1.77% YPF 7,790 ▼ 3.41% GGAL 7,035 ▼ 4.42% PAMPA 5,080 ▼ 3.05% TXAR 765.50 ▲ 1.46% ALUAR 949.50 ▼ 0.21% TGS 8,885 ▼ 4.77% CEPU 2,117 ▼ 3.25% MIRGOR 1,670 ▼ 1.18% COME 41.23 ▼ 0.19% LOMA NEGRA 3,128 ▼ 4.21% BYMA 279.75 — 0.00% TELECOM ARG 4,263 ▼ 5.70% ECOPETROL 17.01 ▼ 0.23% BANCOLOMBIA 98.01 ▲ 7.15% GRUPO AVAL 5.26 ▼ 0.38% CREDICORP 377.21 ▼ 1.31% SOUTHERN COPPER 194.48 ▼ 2.81% BUENAVENTURA 34.84 ▲ 0.75% MERCADOLIBRE 1,940 ▲ 6.34% NUBANK 13.65 ▼ 1.52% XP 15.51 ▼ 4.26% PAGSEGURO 8.89 ▼ 2.09% STONE 9.96 ▼ 3.95% GLOBANT 38.99 ▲ 1.14% TECNOGLASS 42.77 ▲ 3.23% GAP AIRPORT 213.44 ▼ 1.26% ASUR 271.64 ▼ 1.09% OMA AIRPORT 108.40 ▼ 0.12% AMX ADR 23.41 ▼ 2.01% FEMSA ADR 118.13 ▼ 1.49% CEMEX ADR 11.19 ▼ 0.97% PETROBRAS ADR 17.93 ▼ 2.18% VALE ADR 14.32 ▼ 3.83% ITAU ADR 7.50 ▼ 4.82% SANTANDER BR 5.75 ▼ 0.26% AMBEV ADR 2.84 ▼ 3.40% CSN 0.87 ▼ 3.75% GERDAU 4.69 ▼ 5.54% LATAM ADR 53.05 ▼ 1.28% BTC 63,700 ▼ 0.33% ETH 1,882 ▲ 0.59% SOL 76.33 ▲ 0.51% XRP 1.02 ▲ 1.10% BNB 618.93 ▲ 3.38% ADA 0.19 ▼ 2.67% DOGE 0.07 ▲ 3.88% AVAX 6.29 ▼ 2.14% LINK 8.77 ▲ 5.81% DOT 0.79 ▼ 1.48% LTC 45.57 ▲ 1.02% BCH 214.28 ▲ 0.55% TRX 0.33 ▲ 1.26% XLM 0.16 ▲ 0.28% HBAR 0.07 ▼ 1.73% NEAR 1.63 ▲ 1.47% ATOM 1.43 ▲ 2.42% AAVE 88.59 ▼ 0.61% SELIC 14.00% EMBRAER 92.48 ▼ 2.30% EMBRAER ADR 71.39 ▼ 3.27% JBS 13.02 ▼ 2.91% JBS BDR 67.03 ▼ 2.73% MBRF3 16.16 ▲ 1.38% MBRFY 3.06 — 0.00% INTER 5.20 ▼ 2.80% EGX 54,829 ▼ 0.09% USD/ZAR 16.19 ▼ 0.08% USD/NGN 1,360 — 0.00% NIKKEI 67,046 ▲ 0.11% CSI300 4,681 ▲ 0.36% HSI 25,382 ▼ 1.05% NIFTY 24,472 ▼ 0.46% KOSPI 6,563 ▲ 3.42% JCI 6,268 ▼ 1.53% USD/JPY 159.36 ▲ 0.06% USD/CNY 6.7449 ▲ 0.12% DAX 26,391 ▲ 0.26% CAC 8,715 ▼ 0.13% FTSE 10,844 ▼ 0.17% MIB 53,706 ▲ 0.08% IBEX 20,214 ▲ 0.20% STOXX 660.51 ▲ 0.01% EUR/USD 1.1541 ▼ 0.04% GBP/USD 1.3505 ▲ 0.01% SPX 7,728 ▼ 0.32% DJI 53,792 ▼ 0.34% NDX 29,525 ▼ 0.33% RUT 3,027 ▲ 0.32% TSX 36,476 ▲ 0.05% VIX 15.28 ▼ 1.16% USD/CAD 1.3930 ▲ 0.04% US10Y 4.6840 ▼ 0.32%
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Wednesday, August 12, 2026

Opinion: death in the Sea

By · June 23, 2023 · 3 min read

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(Opinion) The desperate differences that plague our dangerously uneven society have never been better displayed than the recent deaths at sea of wealthy passengers huddled in a luxury submersible and desperate migrants from a capsized boat in the Mediterranean.

The sea doesn’t play favorites.

This has been a time of tragic death at sea for a few millionaires who, for a quarter of a million dollars each, were eager to brave two-mile depths to sightsee the wreck of the Titanic for an estimated two-and-one-half hours.

They traveled in 22 feet long and nine feet tall, specially designed and constructed submersible capsule piloted by OceanGate CEO Stockton Rush.

Death in the Sea. (Photo Internet reproduction)
Death in the Sea. (Photo Internet reproduction)
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It lost contact soon after its launch and disappeared into the deep, surely killing all five aboard when the oxygen ran out or some other disaster struck, despite a massive international rescue effort.

It has also been a time of death by drowning for hundreds of desperate migrants from North Africa seeking a better life in Europe.

Their grossly overloaded smuggler-operated boat capsized in one of the deepest parts of the Mediterranean, drowning as many as 650 men, women, and children in the second deadliest immigrant shipwreck on record.

Only the rescue of 100 dehydrated and sea-soaked Pakistani, Syrian, Palestinian, and Egyptian men by the $175 million Mexican-owned superyacht, Mayan Queen IV, fortunately sailing nearby and hearing the distress call, reduced the number who perished.

Comparison of these two sad events highlights differences so stark that it is as if they were taking place in two different worlds.

But they were not.

World media attention focused on the hunt and rescue efforts since communications were lost with the submersible, and even the New York Times provided live coverage of the rescue mission.

By contrast, only a tiny amount of attention has been given to the drowned immigrants. It seems as if some lives make better stories than others.

Said Kristina Drye, a communications analyst at USAID. “But hundreds of refugees just died on a boat that collapsed in the Mediterranean, and that situation has already stopped being news on most major platforms.”

She wrote that the 19-year-old passenger’s “dad put him on this boat so they could feel something thrilling, something associated with invincibility,” she added.

“I don’t think it ever crossed their mind that they would feel fear. And yet there are hundreds of kids, crossing dozens of borders, whose parents send them knowing they will only feel fear and that no one is invincible.”

Rescue efforts for the submersible in an area the size of Massachusetts have included four Canadian Coast Guard ships, five US Coast Guard surface vessels, multiple surveillance aircraft, and remote-operated vehicles, according to Jamie Frederick, captain of the First Coast Guard District.

No one has speculated about the cost of the rescue effort or who is going to foot what must be a monumental bill.

The contrast between that massive effort with the Greek Coast Guard’s pathetic inaction and their defense that the boat had rejected offers of help before it sank in front of them seemed insincere at best.

Those running the ship were reportedly intent on reaching Italy, but the boat’s captain reported to the Hellenic Search and Rescue Center that overcrowding was causing it to rock “dangerously.”

Human rights advocate Kenneth Roth was among those who contrasted the massive search operation for the five-person submersible with the “pathetic” response to an imminent shipwreck of an overcrowded fishing boat.

It is as if the immigrants’ lives hardly mattered at all.

It was nothing more than good luck that the Mayan Queen IV was nearby, and its English Capitan reacted immediately to the distress call saving the lives of the immigrants crying out for help in the darkness.

The mix with the immigrants would have been very interesting if it had its usual coterie of millionaires.

Have we become so callous that a refugee tragedy and the plight of refugees worldwide don’t rank for our attention more than the tragic end of a pleasure craft?

I hope not.

 

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