Francis Scott Key Bridge Collapse

[PAF]

For the same reason that there are no requirement to have assist tugs escort vessels all the way to the sea buoy.

For the same reason bridges do not have massive rock "rip raps" around them to stop a vessel.

For the same reason cargo vessels do not build to the redundancy standards that the vessels I served as master on are built to.

Because it's cheaper.

It always costs more to do things a second time. I wonder what level of insurance they purchased.

Insurers could face losses of up to $4 billion after Baltimore bridge tragedy

 

[Brian4Liberty]

...
We were doing just fine in this country 30 years ago. We all got along, we all hung out and partied together and nobody f**king cared who was what "color". But all of a sudden we're mired in damned near the worst racial division in this country now since the '60's, if not earlier. And it's stupid, because it really is plainly just a political tactic mostly of the left but even to a certain extent of the right.
...

Many people don't remember that far back, and many have very short memories.

I can still remember the key incidents and changes that occurred. Ironically, 2007-2008 were the key years. In 2007, the long march through the institutions was complete. It was time for Marxism to start the final battle. The time was ripe for the media to push race division, in anticipation of Barrack Obama, a Marxist, to run for POTUS. They haven't taken a rest since then, they have just expanded the list of supposedly oppressed subdivisions: every non-white group under the sun, women, gays, transsexuals, etc.

The next key event was the 2008 Wall St. Bank bailouts. Coincidence or part of the plan? Who knows. But it laid the foundation for the next assault, and his name was Bernie Sanders. Open socialism was normalized.

Those were the key events that took us down this road.

 

[sparebulb]

For the same reason that there are no requirement to have assist tugs escort vessels all the way to the sea buoy.

For the same reason bridges do not have massive rock "rip raps" around them to stop a vessel.

For the same reason cargo vessels do not build to the redundancy standards that the vessels I served as master on are built to.

Because it's cheaper.

AF, remember back in the good old days when a post like this would be hen-pecked by "libertarians" who cheered on the virtues of "free market" globalism and how it is our patriotic duty to support the next cheaper hollowing-out of our economy, institutions, and infrastructure.

 

[susano]

For the same reason that there are no requirements to have assist tugs escort vessels all the way to the sea buoy.

For the same reason bridges do not have massive rock "rip raps" around them to stop a vessel.

For the same reason cargo vessels are not built to the redundancy standards that the vessels I served as master on are built to.

Because it's cheaper.

Sounds right.

It's been so long since Chernobyl happened that I forgotten it blew up like that.

 

[Anti Federalist]

Sounds right.

It's been so long since Chernobyl happened that I forgotten it blew up like that.

I highly recommend HBO's miniseries "Chernobyl".

It is, IMO, the best television produced since "The Sopranos".

Gorbachev, in his memoirs, stated that Chernobyl was the single final reason for the fall of the USSR.

And the show makes it clear why that is.

 

[Anti Federalist]

AF, remember back in the good old days when a post like this would be hen-pecked by "libertarians" who cheered on the virtues of "free market" globalism and how it is our patriotic duty to support the next cheaper hollowing-out of our economy, institutions, and infrastructure.

I do.

And while I am still skeptical of more intrusive regulations, I can not stand to see our country hollowed out, as you said, by the lowest bidder.

I stated in the auto tariff thread, I was a Pat Buchanan "America First" man, long before I was a Ron Paul "Libertarian" man.

What is going to be really painful to watch, is the progress and cost of rebuilding.

Gonna be a nightmare for truckers, the only two routes to get north or south through Baltimore now is I-95 and I-895.

But both of those are tunnels with HAZMAT restrictions, leaving only city street detours or heading well out west on the I-695 loop

 

[PAF]

AF, remember back in the good old days when a post like this would be hen-pecked by "libertarians" who cheered on the virtues of "free market" globalism and how it is our patriotic duty to support the next cheaper hollowing-out of our economy, institutions, and infrastructure.

A true free market would drive costs and quality according to supply and demand, competition,,, it would not let government pick winners and losers.

The Price-Anderson Nuclear Industries Indemnity Act (commonly called the Price-Anderson Act) is a United States federal law, first passed in 1957 and since renewed several times, which governs liability-related issues for all non-military nuclear facilities constructed in the United States before 2026.

The Act establishes a no fault insurance-type system in which the first approximately $15 billion (as of 2021) is industry-funded as described in the Act. Any claims above the $15 billion would be covered by a Congressional mandate to retroactively increase nuclear utility liability or would be covered by the federal government.

https://en.wikipedia.org/wiki/Price–Anderson_Nuclear_Industries_Indemnity_Act

 

[susano]

I highly recommend HBO's miniseries "Chernobyl".

It is, IMO, the best television produced since "The Sopranos".

Gorbachev, in his memoirs, stated that Chernobyl was the single final reason for the fall of the USSR.

And the show makes it clear why that is.

Thanks for the recommendation and I'll see if it's on demand.

 

[osan]

Holy shit...that's a bad one.

Pray for the folks that were lost.

At first glance, it appears to be an accident. Bridge strikes by large ships or barges are, while not very common, are certainly not unheard of.

Based on the video it looks like a total "dark ship" incident and then the e-gen kicked in, but that will not provide propulsion or steering.

From the amount of stack smoke, it looks like they got the main engine online just before collision and tried "backing down" as hard as they could, but it was too late.

There would have been a US pilot onboard at that time, so it will be interesting to review his account and electronic nav data.

The first video I saw was cropped. It appeared that the entire structure collapsed in unison, leading me to suspect this was another 9/11 job. Just this morning I saw the uncropped harbor video and the progression of collapse from the initial failure point, outward is clearly visible. As to whether it was an accident, I say hold judgement and let us see what the "experts" say in a report.

It will be interesting to watch for the economic effects this propagates, which I'm sure there will be some. It may come to well illustrate just how highly we depend on these assets for our daily existences. Time will tell.

 

[vita3]

Wonder if Silver Stein will get a %?

The collapse of a major Baltimore bridge and its knock-on effects could result in the biggest-ever marine insurance payout, the chair of insurance giant Lloyd’s of London said on Thursday.

Analysts have forecast that insured losses from the disaster would amount to a figure in the single-digit billions, after a huge cargo ship crashed into the Francis Scott Key Bridge on Tuesday. Six people were presumed dead.

“We’re beginning to deploy resources in anticipation of this being a very substantial claim for the industry. And for the Lloyd’s market, it’s going to take some time for for the complexity of the situation to unravel,” Bruce Carnegie-Brown told CNBC’s “Squawk Box Europe.”

“So, [it’s] very early days to call a number. I don’t at this point anticipate that it’s outside our realistic disaster scenario planning. It feels like a a very substantial loss, potentially the largest-ever marine insured loss, but not outside parameters that we plan for.”

Carnegie-Brown added that, while there would clearly be claims for the ship, cargo and the bridge, it is “second-order impacts” that would become “substantial.”

 

[sparebulb]

I do.

And while I am still skeptical of more intrusive regulations, I can not stand to see our country hollowed out, as you said, by the lowest bidder.

I stated in the auto tariff thread, I was a Pat Buchanan "America First" man, long before I was a Ron Paul "Libertarian" man.

What is going to be really painful to watch, is the progress and cost of rebuilding.

Same here.

I believe that Russia has proven just how strong an economy can quickly become when you are cut off from commerce with countries that don't have symbiotic interests with you.

Russia is whipping NATO's ass by a long-term commitment to preserve their industrial base.

Also, check out some videos about the rebuilding of Mariupol.

There must be a negative unemployment rate in Russia right now.

Just to see who triggers, also remember a certain central european country in the early last century who turned around their economy in the wake of sanctions.

 

[GlennwaldSnowdenAssanged]

Wonder if Silver Stein will get a %?

The collapse of a major Baltimore bridge and its knock-on effects could result in the biggest-ever marine insurance payout, the chair of insurance giant Lloyd’s of London said on Thursday.

Analysts have forecast that insured losses from the disaster would amount to a figure in the single-digit billions, after a huge cargo ship crashed into the Francis Scott Key Bridge on Tuesday. Six people were presumed dead.

“We’re beginning to deploy resources in anticipation of this being a very substantial claim for the industry. And for the Lloyd’s market, it’s going to take some time for for the complexity of the situation to unravel,” Bruce Carnegie-Brown told CNBC’s “Squawk Box Europe.”

“So, [it’s] very early days to call a number. I don’t at this point anticipate that it’s outside our realistic disaster scenario planning. It feels like a a very substantial loss, potentially the largest-ever marine insured loss, but not outside parameters that we plan for.”

Carnegie-Brown added that, while there would clearly be claims for the ship, cargo and the bridge, it is “second-order impacts” that would become “substantial.”

What are they whining about? Trump has a half billion dollar fine/judgement for giving an opinion regarding the value of his real estate. So a single digit billion dollar payout for an insurance company should be chump change.

 

[GlennwaldSnowdenAssanged]

If I take a vehicle that is stalling for no known reason onto the highway at rush hour and it stalls and I cause a major accident, is that simply an accident?

If there were major electrical issues in port, was it negligence to venture out of port?

 

[Brian4Liberty]

Wonder if Silver Stein will get a %?

The collapse of a major Baltimore bridge and its knock-on effects could result in the biggest-ever marine insurance payout, the chair of insurance giant Lloyd’s of London said on Thursday.

Analysts have forecast that insured losses from the disaster would amount to a figure in the single-digit billions, after a huge cargo ship crashed into the Francis Scott Key Bridge on Tuesday. Six people were presumed dead.

“We’re beginning to deploy resources in anticipation of this being a very substantial claim for the industry. And for the Lloyd’s market, it’s going to take some time for for the complexity of the situation to unravel,” Bruce Carnegie-Brown told CNBC’s “Squawk Box Europe.”

“So, [it’s] very early days to call a number. I don’t at this point anticipate that it’s outside our realistic disaster scenario planning. It feels like a a very substantial loss, potentially the largest-ever marine insured loss, but not outside parameters that we plan for.”

Carnegie-Brown added that, while there would clearly be claims for the ship, cargo and the bridge, it is “second-order impacts” that would become “substantial.”

I would say I smell a government bailout coming, but Biden already called for that about 60 seconds after the bridge collapsed. At least a GOP administration would initially talk about the private insurance and free market before hemming and hawing their way into a government bailout.

Doing "nothing" is almost impossible. Apply that to any situation.

 

[Invisible Man]

At least a GOP administration would initially talk about the private insurance and free market before hemming and hawing their way into a government bailout.

No Republican administration since Reagan would have done that. And the current presumptive Republican nominee if given this opportunity, would use it to prove that he's enough of a leader to hand out a bigger bailout than Biden would have.

 

[Brian4Liberty]

No Republican administration since Reagan would have done that. And the current presumptive Republican nominee if given this opportunity, would use it to prove that he's enough of a leader to hand out a bigger bailout than Biden would have.

Like I said in a recent post, many people have short memories. I clearly remember Bush and his admin talking about the free market before they finally decided on the TARP bailout.

 

[Anti Federalist]

If I take a vehicle that is stalling for no known reason onto the highway at rush hour and it stalls and I cause a major accident, is that simply an accident?

If there were major electrical issues in port, was it negligence to venture out of port?

Depends.

Did you have it serviced by certified technicians who then declared it repaired?

Shit breaks all the time, and all the time, repairs are made that everybody thought had fixed the issue, only to have it come back again.

 

[Invisible Man]

Like I said in a recent post, many people have short memories. I clearly remember Bush and his admin talking about the free market before they finally decided on the TARP bailout.

I don't believe that GWB would have treated losses resulting from a disaster of this sort the same way. It took him very little time to sign a relief package after Katrina, in spite of complaints that he was too slow by his political opponents, and I don't believe he ever suggested that a free market solution would have been preferable.

 

[Occam's Banana]

I clearly remember Bush and his admin talking about the free market before they finally decided on the TARP bailout.

File under "With Friends Like This ..."

"I have abandoned free-market principles to save the free-market system." -- George W. Bush

George W. Bush Abandoned the Free Market to Save the Free Market
https://www.youtube.com/watch?v=NaIxqJu_m2M


"Madam Speaker, this bill offends my principles! But I'm gonna vote for this bill in order to preserve my principles, in order to preserve this free-enterprise system." -- Paul Ryan

Paul Ryan BEGS Congress to Pass TARP ( PATHETIC )
https://www.dailymotion.com/video/x2s41cj

​

 

[vita3]

Anti-Fed or anybody else following the details,

Who exactly would get the $$Billion+ Marine Insurance Claim?

Maersk?