Planning
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He probably should have thought about that a while back. In his defense his mother said he was a good kid.
With DJT there is no revenue to justify the PPS and it's hardly likely that there will be in the future. But look at the other two meme stocks GME and AMC
In GME's case it was Cohen (Chewy fame) whose cash injection into GME that caused the PPS to go up and NOTHING more. Compounding that was the more the PPS ran up GME dumped more shares on the market since the fools were buying. I'm sure Xbox and Playstation users got a good laugh out of that since they had no reason to go to a Gamestop store anymore.
Regarding AMC because of covid no one was going to the movies anymore and they were close to going under and was heavily shorted. Along comes the Wall Street Bets folks and caused the stock to run up. And like GME that said thank you very much and issued more shares.
IMO they were classic pump and dumps but legal since the principals in the companies weren't doing the pumping. And why not issue more shares in the runups since the fools were buying. And no one looked at the financials in either stock and they sure as hell ain't looking at the financials in DJT.
More on tugboats. It pretty much acknowledges what I was saying.
Tugboats left before ship reached Baltimore bridge. They might have saved it.
Emily Le Coz
Trevor Hughes
USA TODAY
As investigators work to determine what caused the hulking Dali container ship to topple Baltimore’s Francis Scott Key bridge in a matter of seconds on Tuesday, maritime experts around the country are pointing to what could have stopped it.
These small but mighty vessels tow and push ever-larger ships through channels and help them where their own propulsion systems – or lack thereof – cannot. They are standard equipment in ports worldwide and especially useful to help ships with docking and undocking.
On Tuesday, a pair of tugboats operated by McAllister Towing and Transportation did just that, helping the Dali unmoor itself from the main terminal at the Port of Baltimore and orient the ship toward the open waters.
But they broke away before the massive ship navigated under the bridge, as is common practice. Minutes later, the Dali appeared to lose power and propulsion, sending the craft adrift and directly into one of the bridge’s support columns. The steel-truss bridge immediately collapsed into the frigid Patapsco River.
The accident is igniting debate over the proliferation of “megaships” that fuel today’s commercial transportation industry and whether port protocols have ramped up to safely accommodate them. Although the Dali is average-sized compared to many of these behemoths, the devastation it caused in Baltimore was formidable.
Had the tugboats accompanied the ship all the way under the bridge, some experts said, they might have been able to stop, slow or steer it away from danger.
Such a scenario should be standard operating procedure in all ports, said Capt. Ashok Pandey, a master mariner and associate professor of maritime business at the Massachusetts Maritime Academy. But he said the industry’s reliance on tugs has waned over the years as technological advancements gave many ships the ability to maneuver through channels independently.
“We went wrong by simply equipping ships with bow and stern thrusters that we use in lieu of tugs to maneuver in and out of the ports,” Pandey said. “When we are getting into ports like Baltimore, within a few miles of the bridge, that's too important an asset that we must think of protecting it by all means possible. And we can do that. We can easily do that.”
It may be rare for a ship to lose power at such a high-stakes moment, but it clearly does happen, and he said tugboats could have averted catastrophe.
Implementing such a practice, though, would require a significant investment for U.S. ports, which either own and operate their own tugboats or contract out for tug services. Those costs are then rolled into the ports’ fees charged to shipping companies who use their facilities.
“There are a finite number of tugs, and 99.9% of the time there are no issues,” said Sal Mercogliano, a former merchant mariner and current maritime historian at Campbell University who also hosts a YouTube show called “What’s Going On With Shipping?”
“If the port required tug escorts in and out, then they would not be able to help other ships dock, and undock,” Mercogliano said. “It would need more tugs, and the question becomes, how much will this cost, and will it be passed on to the consumer?”
Because ports compete with each other for shipping business, he said, it’s unlikely that one port would mandate tug escorts unless all of the ports did it for fear of losing lucrative contracts. Shipping companies want the most efficient and cost-effective deal and will simply move to the next port if confronted with higher costs or longer waits.
Mercogliano said he’s not even sure tugboats would have been able to stop the Dali from hitting the bridge. At the time its power appears to have failed, the ship was going about 8 knots – roughly 9 miles per hour – with a weight of over 100,000 tons.
“It would be like a Prius trying to move a Mack truck on the highway,” he said.
Realities of the container ship arms race
The Dali isn’t even big compared to other container ships hauling goods from port to port these days.
Over the past several decades, newly constructed ships have ballooned to gigantic proportions with load-carrying capacities that used to require five or six ships. The largest container vessel in the 1980s had a maximum capacity of 4,300 20-foot containers – otherwise referred to as TEUs, or 20-foot equivalent units, which is the standard unit of measurement for cargo capacity.
The One Stork ties up at the pier at JAXPORT Blount Island Marine Terminal in May 2023, becoming the largest ship to dock at the Jacksonville, Florida facility. At 1,195 feet in length, the container ship can carry 14,000 containers.
Today’s largest ship, the MSC Irina, has a capacity of 24,346 TEUs.
The Dali, by comparison, has a capacity of just under 10,000 TEUs, making it the typical “meat and potatoes of container ships,” said Kevin Calnan, assistant professor of marine transportation at California State University Maritime Academy.
Like most container ships, Calnan said, the Dali has one engine and one propeller. Its emergency diesel generator, standard in all such vessels, has enough power to keep key systems going – but not enough to restart the engine or provide propulsion.
In a video posted to social media, lights on the Dali shut off, then turned back on, then shut off again before the ship struck the bridge. Experts said that was likely the generator as it powered up the lights but not the engine.
It would have taken a second engine on board to fully power the ship and restore propulsion at that point. But Calnan said nobody in the commercial shipping industry is advocating for two engines because of their size and cost.
“Cargo is money, and companies want to maximize the amount of space they want to put cargo in, so to build a ship with a whole other engine would be taking up the space of, like, 150 containers on that ship,” he said. “Unfortunately there’s not too much movement to require these ships to have two engines.”
Calnan, who has worked and sailed on numerous ships during his career, is among the experts who believe tugboats “definitely” could have stopped the Dali from hitting the bridge. He said he has been in similar situations where the power went out and “having tugs there basically saved the day.”
It may take a disaster for industry and ports to change
The bigger the boats and the more sophisticated the technology, the fewer the crew members on board. The Dali's crew is 22 strong.
In his 26 years sailing on commercial ships, Capt. Mike Campbell said he witnessed that shift to smaller crews as automation and electronics made it possible to do more with less when it came to docking, navigating and maintaining the engines.
“I had captains who would turn the radar off in the middle of the day because they didn't want to wear it out, and you'd just go off visual cues, take readings off lighthouses. Now everything is chips and boards,” he said. “And people are more dependent or reliant on it because they are more reliable.”
Campbell, now a professor at the Massachusetts Maritime Academy and master of the training ship Kennedy, said he’s also seen captains push to meet tight schedules, recalling a time when several other chemical carriers owned by competitors sailed out of the Port of Philadelphia into bad weather. His ship stayed put for three days, and arrived in Houston, safely, a day behind schedule. The other ships, he said, all had to sail to shipyards for repairs caused by the storm.
“I was fortunate that the people I sailed under, my mentors, they never worried about the schedule. It was always about the safe operation of the ship,” he said. “You don't want to push things.”
Mariners are always worried about their schedules now, Pandey said.
The shipping industry has become so highly competitive, with companies all vying for a slice of the business, that crews are more likely to leave port without containers than wait on a late shipment and risk falling behind. Ships typically go from port to port, spending anywhere from six to eight hours in each, before moving on to the next.
He called it a race to nowhere in which everyone – from the ports to the shipping companies – are playing along.
U.S. ports have spent billions of dollars over the years adapting to the new reality – upgrading their facilities and dredging their channels deep enough to accommodate these massive ships. Some experts warn they could get even bigger in the future, possibly doubling in cargo capacity at some point.
Amid the race to compete for the revenue and jobs brought by these ever-larger ships, port authorities seem to have forgotten about protecting their critical infrastructure, according to Pandley, the former master mariner. He said Tuesday’s accident might be the wake-up call they need to do some real soul searching.
The container ship Dali amidst the wreckage of the collapsed Francis Scott Key Bridge in Baltimore.
USA TODAY reached out to the American Association of Port Authorities to ask its thoughts on requiring tug escorts or any other measures to avert the kind of disaster that happened in Baltimore, but a spokesman said nobody was immediately available to take those questions.
Unfortunately, experts said, it often takes a tragedy to improve an industry.
That’s what happened after the 1989 Exxon-Valdez oil spill in Alaska when the U.S. government required double-hull construction for all newly built oil tank ships and all oil tank barges in American waters. California passed its own law in the aftermath of that disaster, requiring all oil tankers to have tug escorts in its ports and harbors.
“We have a saying that the laws are written in blood,” said Roland Rexha, international secretary-treasurer of the Marine Engineers’ Beneficial Association, the oldest maritime union in the United States.
“Knowing what we know now, could we have had tugs accompany the ship to the bridge? Sure. But what were the issues that caused the vessel to lose power in the first place?” he said. “There will be an investigation, and we’re hopeful that the lessons learned will lead to an active change in how things are operated.”
https://www.usatoday.com/story/news/investigations/2024/03/27/tugboats-baltimore-key-bridge-disaster/73123627007/
I'm sure Boras is screaming collusion by the owners. When a player signs with an agent is it for a number of years or can the player find a new agent at will? I'm sure some players are not questioning doing business with Boras.
Yankees reported offer to Jordan Montgomery was hilariously awful
Several teams missed out on Jordan Montgomery, including his old team, the New York Yankees. New York had interest, but the veteran chose the Arizona Diamondbacks instead after receiving a terrible offer from his old team.
By Curt Bishop | Mar 27, 2024
https://fansided.com/posts/yankees-reported-offer-jordan-montgomery-awful
?The #Yankees were in on Montgomery but their offers required heavy deferals of 15-20 plus years which would have made AAV much less than #Diamondbacks offer.
— Jim Bowden⚾️🏈 (@JimBowdenGM) March 27, 2024
It was a good trade for the Yankees. They got something for nothing in the deal.
~~COMPX 3/28/2024~~~~~~~
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16400 BullNBear52
16299 SSKILLZ1
They were fun times and one day our boat ended up on the front page of the Daily News.
I don't think the trials will affect the stock price. I was surprised that the stock closed high on opening day and is still climbing. His investors will stick with him until he figures out a way to start selling his shares imo.
Sorry never broke it while bragging about my legacy stocks. I worked for a living.
I saw that today. Which may account for the black smoke streaming out of the stack. It might have been the wrong fuel depending on the engines.
They do tug but it depends on the ship, the channel, the harbor, the tides and if they are undocking. Moran is like the mafia when it comes to tugboats. They practically own the east coast.
https://www.morantug.com/fleet/
All harbors have Harbor masters and they also assign the pilots who run the pilots out to meet a ship then take over to enter the harbor Or put a pilot onboard when they are departing. The Hudson is especially challenging since there is only one main channel for large ships and the tide is especially strong.
Our boats were around 200 feet so no pilot was required. It was amazing to watch the captain parallel park our boat without hitting the other boats.
And of course in NYC you had to be a teamster to work. But the pay was excellent.
I'm surprised the Rangers never made an offer for him since he ended up with a one year deal for $25M. Ranger fans deserved better imo.
I agree but I am going to watch it for a while. I certainly won't trade it. A short or puts since the price won't last.
The late day rally came out of the blue with 30 minutes of trading left.
I don't need to think like one....
Trump Forced to Sell Prized Collection of House Republicans
MAR 27
WASHINGTON (The Borowitz Report)—Drowning in debt, Donald J. Trump has been forced to unload his treasured collection of over two hundred Republican congresspersons.
“If the Joe Biden legal system can make me sell my politicians, it can make you sell yours,” he warned supporters at a rally in Michigan. “This should never be allowed to happen in this country.”
But even as the indicted businessman put his used legislators on the block, economist Davis Logsdon, who tracks the resale market for public officials, questioned how much they will fetch.
“The first thing any prospective buyer of preowned politicians wants to know is, what condition are they in?” he said. “Unfortunately, many of these House Republicans are missing such crucial features as brains and spines, and, in the case of the men, two other parts.”
The economist cited the cautionary example of Koch Industries, which had to withdraw Rep. Matt Gaetz from eBay in February after he drew a top bid of $30.
https://www.borowitzreport.com/p/trump-forced-to-sell-prized-collection?
BA is down over 26% YTD. Ever hear of a stop loss?
DJT is perhaps the ultimate meme stock The P/E is a negative 95 and yet it continues to go up. I'm sure the new CEO is working fast and furious to get the lockout period changed so he can begin dumping shares.
A couple of days ago the rumor was Monty and a long term contract. Now he signs a one year deal with an option year. lol.
Instead, Qsar misappropriated the confidential information from the
Finance Employee, purchasing call options for Del Taco stock (“TACO call options”)
between mid-October and late November 2021
Whoever said ball players were dumb jocks didn't realize they do follow the market. lol.
Mike Mussina who graduated from Stanford in 3 years with a degree in Economics used to read the WSJ every day while pitching for the Yankees. He had a great career and was recently elected to the HoF.
Knowing Cashman they'll send Wells down.
The tugboats are only used when they are docking or in this case undocking a ship to get it out into the channel. Once there the ship is on it's own. Suggesting that tugs tow the ships in and out of the harbor would be cost prohibitive and bring harbor traffic to a crawl. And they would need a lot more tugs. Looking at aerial views yesterday outside the harbor there were at least 8 ships waiting to get into the harbor.
Years ago when I was working on Circle Line in NYC the tugboats went on strike (teamsters union) and a cruise liner decided to dock his ship in the pier next to ours without tugboat assistance. He made it in safely but couldn't stop until the bow of the ship went 10 feet into the street.
The question that needs to be asked is how this ship managed to get underway and have an engine failure almost immediately.
They had to shoot the ad twice. The first time he held the Bible upside down.
My other point is what Christian doesn't already have a Bible in their house.
Lastly I also have a copy of the Constitution. But it's a separate book.
Church and state don't mix and I don't need some jackass like him to tell me to pray again.
~~COMPX 3/27/2024~~~~~~~
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16,315.70 -68.80
16415 BullNBear52
We use a lot of onions and I got tired of chopping them by hand. Same with cukes and celery for salads. And it also is a cheese grater.
As I said it's not the economy. The problem is UPS and their drivers making $91K a year.
No. It's a bad sign for UPS.
https://finance.yahoo.com/quote/FDX
The unanswered question is did the bookie ever get paid? And if so did he return it?
My copy came in the mail today. Money can wait. lol.
I listened to the SCOTUS debate today. I have no idea where Hawley was coming from but look who she is married to.
There are 2 tunnels that feed into Baltimore but I know people who won't take the tunnels and take the bridge instead.
Maria Bartiromo poor thing. She has lost her mind.
Send a PM to IHUB admin.
https://investorshub.advfn.com/boards/profilea.aspx?user=97314
That is odd since they had just left port for a 27 day trip to Sri Lanka.
Trump Media stock jumps 39% after DJT ticker debut, brief trading halt on volatility
PUBLISHED TUE, MAR 26 20249:06 AM EDTUPDATED 2 MIN AGO
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Dan Mangan
KEY POINTS
Trump Media & Technology Group soared in the first minutes of its NASDAQ debut, triggering a brief trading halt on volatility.
It’s DJT ticker is the same one Donald Trump debuted nearly three decades ago for his hotel and casino company only to see it delisted from the New York Stock Exchange nine years later.
Trump Media’s merger with the shell company Digital World Acquisition Corp. was completed Monday, allowing it to become publicly traded and almost $4 billion in paper profits to Donald Trump’s net worth.
The company’s shares jumped Monday after a New York appeals court decreased from $454 million to $175 million the amount of a bond Trump would have to post to avoid the state attorney general collecting on a business fraud judgment while he appeals the case.
https://www.cnbc.com/2024/03/26/trump-media-stock-ticker-djt-debuts-after-dwac-merger.html
That waterway feeds right into the Port of Baltimore. The lights in the background are all dock cranes. This should have never happened as there should have been a harbor pilot steering the vessel. We have relatives in Baltimore and thankfully they were all at home but the people who perished did not deserve this.