Tag Archives: Crash

BILLIONAIRES DUMPING STOCKS, ECONOMIST KNOWS WHY

A handful of billionaires are quietly dumping their American stocks . . . and fast.

Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate.

Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits.

Buffett isn’t alone.

Fellow billionaire John Paulson, who made a fortune betting on the subprime mortgage meltdown, is clearing out of U.S. stocks too.

Billionaire George Soros recently sold nearly all of his bank stocks, including shares of JPMorgan Chase, Citigroup, and Goldman Sachs. Between the three banks, Soros sold more than a million shares.

So why are these billionaires dumping their shares of U.S. companies?

NEW YORK CITY FERRY CRASH – AT LEAST 50 INJURED, 1 CRITICAL.


View SEASTREAK WALL STREET FERRY CRASH AT LEAST 50 INJURED ONE CR in a larger map

At least 50 people were injured, two critically, after a commuter ferry slammed into a dock Wednesday morning in Lower Manhattan.

The Seastreak Wall Street ferry from Atlantic Highlands, N.J., banged into the mooring as it arrived at South Street around 8:45 a.m. Wednesday. One person is in critical condition with head injuries.

Those on board said passengers were waiting to disembark and were hurled on the deck after the impact.

“We were pulling into the dock. The boat hit the dock. We just tumbled on top of each other. I got thrown into everybody else. … People were hysterical,” said Ellen Foran.

Those injured were being treated at the scene. There were no immediate details of the injuries and reports on the number of those injured vary.

The Coast Guard said it will be administering drug and alcohol testing  on captain and crew as soon as the injury count concludes.

A corner of the ferry was ripped open like a tin can.  Fire fighters were seen setting up a temporary staging area on the dock, with stretchers and other medical equipment, and some passengers were being removed from the ferry on stretchers for evaluation.  A passenger, Ellen Foran of Neptune City, N.J., said people tumbled on top of one another, hysterical and crying.

More than 340 passengers and crew members were aboard the ferry from New Jersey, one of many that carry commuters to the island of Manhattan.  Dee Wertz was on shore waiting for the ferry and saw the impact.  “It was coming in a little wobbly,” Wertz said.  “It hit the right side of the boat on the dock hard, like a bomb.”  After the impact, the boat was able to dock normally. Wertz said “passengers raced off once the ramp came down.

I think people just wanted to get the heck off the boat as soon as they could,” she said.

Ferry company officials were at the scene.

Ferries are a fairly common way to commute to work in Manhattan, an island separated from New Jersey and the rest of New York City by several rivers.

MORE AT  Ferrys crew to take drug test after NYC crash injures dozens | Fox News.

 

Amazon Cloud Crash

The 21st of April saw a major crash of the Amazon Cloud EC2 system, which lasted for three days. The EC2 is used to host many websites including some big names in cyberspace, such as Foursquare, HootSuite, Reddit and Quora.

Amazon, like many other companies using the latest cloud server technology had been confident of the system, describing it as bomb proof. However, days after the event it has now emerged that Amazon have now lost some of their customers data. This has highlighted the lack of robust systems in place in Amazon, as well as other hosting companies when it comes to data back up and storage.

The outage occurred when Amazon were seeking to upgrade their system and error occurred as they shifted traffic from one router to another, in the process the data was moved to a low capacity redundant router.

Although the problem has been rectified the fact remains as more and more businesses trust the hosting companies to back up their data. Are their systems robust enough to protect data when outages and errors happen? For Amazon customers the answer was no.

America is under spiritual attack, the enemy wants to crash America. The nation’s economy is dependent upon modern technology and if the  technology being used is not safe it will be exploited. Not enough Christians understand the importance of technology, most of the church is 15 years behind the world, and is constantly playing catch up. Part of being effective in this age is being educated about the technologies the world works on, and safe guarding yourself against points of weakness, this is how the natural army operates, and it ought to be how the church operates. As the world walks shortsightedly into the new and latest technologies, we need to ask ourself is it a safe is our data secure.

Riders say N.Y. bus crash driver swerved

Passengers and witnesses to a horrific New York City crash that sheared the top off a bus headed for Manhattan’s Chinatown and killed 14 people told investigators that the driver’s account of getting clipped by a tractor-trailer didn’t match up to what they felt and saw before the vehicle slid off the road and into a sign pole.

Driver Ophadell Williams had told police that his World Wide Tours bus was hit just as it crossed the New York City line early Saturday on a trip from the Mohegan Sun casino in Connecticut.

But passengers said Williams had already swerved at times to the right for no reason before the accident, a law-enforcement official said Sunday. The official wasn’t authorized to speak publicly about the probe and spoke on condition of anonymity.

The bus was returning to New York’s Chinatown after a quick overnight trip to the casino. The official said that passengers said they didn’t feel anything hit them and that other motorists on the interstate highway said they didn’t see the bus get hit. The official said police spoke to the tractor-trailer driver, who said he was following the bus.

via Official: Riders say N.Y. bus crash driver swerved – USATODAY.com.