Friday, March 21, 2014

Wall Street's Tombstone Mentality. They don't prevent tragedy or product failure they only respond to populous tragedy.

One has to wonder if tragedy is Wall Street's best advertisement strategy.

RAAF Loadmasters launch a 'Self Locating Data Marker Buoy' from a C-130J Hercules aircraft in the southern Indian Ocean during the search for flight MH370

The markers fall into the ocean and provides a GPS signal when it makes contact with fresh or salt water. It also measures surface ocean currents.

Those soldiers are brave for being tethered to the ramp of the Hercules aircraft while they send these signal buoys to the ocean. I could not do that. Wow.

To recap the main points (click here) from this morning's press conference from Malaysian authorities:
  • They are still waiting for information from the Australian search and rescue operation to see if the objects shown in the satellite images released yesterday are related to the missing plane. They are still searching the north and south corridors.
  • HMS Success is due to arrive in the southern Indian Ocean tomorrow, and HMS Echo is on his way. David Cameron has said he will provide Malaysia with a list of possible assets the UK can contribute to the search.
  • Flight MH370 was carrying lithium ion batteries, but chief executive of Malaysia Airlines says these were approved, and not declared as dangerous goods.
  • The Malaysian transport minister said they were using every possible asset, including the most sophisticated plans and vessels in the search effort.