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There were 40.3 million people around the world living in slavery in 2016 — including 400,000 in the U.S., according to estimates in the 2018 Global Slavery Index that was presented at the United Nations by the Walk Free Foundation, a global organization combatting modern slavery.

Expand chart
Data: Free Walk Foundation; Map: Kerrie Vila /Axios

Why it matters: The U.S. is also the top importer of items that are likely to have been products of slave labor in other countries. Andrew Forrest, founder of the Walk Free Foundation, told Axios that even places with comparatively fewer instances of modern slavery should be doing more and "are actually allowing slavery to exist."

The data on modern slavery includes situations of forced labor or forced marriage, but does not account for organ trafficking or the recruitment of child soldiers.

Between the lines: While conducting interviews with more than 71,000 people, Walk Free Foundation's researchers counted cases of slavery in the country where they were enslaved instead of their current residence. This led to much higher estimates in the United States, United Kingdom, Australia, Germany, France and other European nations compared to previous reports.

  • For example: In 2014, it was estimated there were 60,000 people in modern slavery in the U.S. on any given day. In 2016, that number was 400,000.

What to watch: Ivanka Trump has taken a personal interest in eradicating modern slavery, Forrest said, and spoke at the United Nations on the topic last year. Forrest hopes the report will convince President Trump to introduce a Modern Slavery Act, similar to what was passed in the U.K. in 2015.

  • It requires all businesses to publicly disclose what they are doing to stop the use of slave labor in their business and by their suppliers.
We’d be hard pressed to go to the supermarket to find a tin of tuna or to buy clothes the we felt assured weren’t cut by the hands of those in modern slavery. 
— Fiona David, an author of the report, to Axios

By the numbers:

  • In 2016, the U.S. imported $144 billion worth of at-risk products, according to the report.
  • 89 million people over the past 5 years have experienced modern-day slavery at least temporarily.
  • 71% of victims are women.
  • 15.4 million people were in forced marriages in 2016.
  • G20 countries imported $200 billion dollars worth of electronics such as laptops or cellphones that are at a high risk of having been crafted by slave labor.
  • Only 7 of the G20 nations have taken steps to combat modern slavery.
  • Slavery is most prevalent in Africa, followed by Asian and the Pacific regions.
  • North Korea has the most instances of slavery, followed by Eritrea, Burundi, the Central African Republic and Afghanistan.
  • But, but, but: These estimates are still considered conservative, according to the study, as there are significant gaps in the data, particularly for Arab States.

Go deeper

Fed: Rate hikes "will soon be appropriate"

The Federal Reserve's headquarters building. Photo: Anna Moneymaker/Getty Images

Federal Reserve officials expect "it will soon be appropriate" to raise the central bank's main target interest rate, setting the stage for a rate hike at its next meeting in mid-March.

Driving the news: In a statement following a two-day meeting published Wednesday afternoon, however, the policy-setting Federal Open Market Committee teed up its next move without taking new action.

How long it’s taken to confirm Supreme Court justices

Expand chart
Data: Axios research, U.S. Supreme Court, Supreme Court Historical Society; Chart: Jacque Schrag/Axios

It takes a U.S. president an average of 70 days from the date a Supreme Court seat is vacated to nominate a replacement, according to data from the Supreme Court Historical Society.

Why it matters: With news outlets reporting liberal Supreme Court Justice Stephen Breyer's plans to retire, Democrats will be looking to confirm President Biden's nominee with enough time to refocus the national political debate ahead of the midterms.

Updated 1 hour ago - Science

Blizzard likely to hit New England this weekend as "bomb cyclone" forms

Computer model projection of the precipitation and wind field from the weekend storm in the Northeast. (Earth.nullschool.net)

A powerful blizzard is likely to strike parts of New England and the Mid-Atlantic beginning Friday and lasting into the weekend, with snow totals that are likely to be measured in feet.

The big picture: The joining of weather systems embedded in both the polar, or northern branch, of the jet stream and the southern branch is projected to create a bomb cyclone. Such storms undergo a process known as bombogenesis, with their minimum central air pressure readings plunging at least 24 millibars in 24 hours.