The five people aboard a missing submersible died in a “catastrophic implosion,” a U.S. Coast Guard official now believes.
It brings a grim end to the international search for the vessel that was lost during a deep-sea voyage to the wreck of the Titanic.
“These men were true explorers who shared a distinct spirit of adventure, and a deep passion for exploring and protecting the world’s oceans,” OceanGate Expeditions, the U.S.-based company that operated the Titan submersible, said in a statement. “Our hearts are with these five souls and every member of their families during this tragic time.”
An unmanned robot deployed from a Canadian ship discovered the wreckage of the Titan on Thursday morning about 1,600 feet (488 meters) from the bow of the century-old wreck, 2-1/2 miles (4 km) below the surface in a remote area of the North Atlantic, U.S. Coast Guard Rear Admiral John Mauger said at a press conference.
“The debris field here is consistent with a catastrophic implosion of the vehicle,” Mauger said.
The five aboard included the British billionaire and explorer Hamish Harding, 58; Pakistani-born business magnate Shahzada Dawood, 48, and his 19-year-old son, Suleman, both British citizens; French oceanographer and Titanic expert Paul-Henri Nargeolet, 77, who had visited the wreck dozens of times; and Stockton Rush, the American founder and chief executive of OceanGate, who was piloting the submersible.
Rescue teams from several countries had spent days searching thousands of square miles of open seas with planes and ships for any sign of the 22-foot (6.7-meter) Titan. The submersible lost contact with its support ship on Sunday morning about an hour and 45 minutes into what should have been a two-hour descent.
Mauger said it was too early to tell when the vessel’s failure occurred. The search operation had sonar buoys in the water for more than three days and had not detected any sort of loud explosive noise during the period, Mauger said.
The buoys had picked up some sounds on Tuesday and Wednesday that temporarily offered hope the people on board the Titan were alive and trying to communicate by banging on the hull.
But officials said analysis of the sound was inconclusive and that the noises might not have emanated from the Titan at all.
“There doesn’t appear to be any relation between the noises and the location of the debris field on the sea floor,” Mauger said on Thursday.
How to make your money work for you over the next decade
With high interest rates, persistent inflation, and a tight labor market—the next decade is expected to be very different from the last 10 years.
Companies and households around the world are still trying to get back to pre-pandemic economic outputs and lifestyles.
So, how can people successfully invest and better manage their personal finances?
James Faris, an Investing Reporter with Insider joins Veronica Dudo to discuss. #InAmericaToday #featured #money #finance #economy #investing
Parents buying houses for their adult children
Rise in parents purchasing homes for adult children sparks concerns
A growing trend of parents buying houses for their adult children is causing a stir, raising questions about the potential downsides of such arrangements. While the gesture may seem benevolent, experts warn of the pitfalls associated with this practice.
Financial advisors express concerns about the impact on both generations’ financial independence. By providing ready-made homes, parents might inadvertently hinder their children’s ability to learn crucial financial lessons, such as budgeting, mortgage management, and property ownership responsibilities.
The trend also sparks debates on the long-term implications for the housing market. Critics argue that such parental interventions can distort property prices and exacerbate existing affordability challenges, particularly for younger individuals aspiring to enter the property market independently.
There’s a call for a broader societal discussion on the balance between parental support and fostering financial autonomy. While the intention is often rooted in care, the unintended consequences of sheltering adult children from financial realities are prompting a reassessment of this well-meaning practice.
Victoria’s Secret criticized for trans woman’s apology
Victoria’s Secret is facing backlash after issuing an apology to a transgender woman who had a negative experience while trying on bras at one of their stores.
The incident has ignited a debate about inclusivity and sensitivity in the fashion industry.
The controversy began when the trans woman, who remains anonymous, visited a Victoria’s Secret store to shop for bras. She reported feeling uncomfortable and discriminated against by store staff.
In response to her complaint, Victoria’s Secret issued an apology, acknowledging the incident and expressing their commitment to diversity and inclusion.
However, the apology itself has come under fire from both supporters and critics.
Some argue that the brand’s apology is insincere and merely an attempt to save face, while others believe it is a step in the right direction towards a more inclusive shopping experience for all customers.
The incident raises important questions about how brands should handle situations involving discrimination and whether their apologies are genuine or performative.
It also highlights the ongoing challenges faced by transgender individuals when accessing spaces traditionally designed for cisgender customers.
As the fashion industry continues to evolve, many are calling for a deeper examination of inclusivity and sensitivity, not just in policies but in practice.
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