Friday, May 30, 2014
Thursday, May 29, 2014
Navy Disses CNN Report on Airliner Search
The US Navy dismissed a CNN report Thursday that the Navy had concluded the pings detected in the Indian Ocean were not from the black box recorders of missing flight MH-370.A Navy spokesman said that comments the Navy's civilian deputy director of ocean engineering,Michael Dean,made to CNN,to the effect that authorities now almost universally believe the pings did not come from the flight's black boxes,but possibly from the ship or within the electronics of the Bluefin-21 submersible,were speculative and premature.
We continue to work with our partners to more thoroughly understand the data acquired by the Towed Pinger Locator.As such,we would defer to the Australians,as the lead in the search effort,to make additional information known at the appropriate time,the spokesman said in an emailed statement.
It wasn't clear whom Mr.Dean was speaking for,but CNN proceeded to hold a discussion on the remarks with its panel of experts.
The Australian Transport Safety Bureau,the agency in charge of the search,had said in a statement earlier Thursday that the search in the vicinity of the acoustic detections thought to be pings from the plane's black boxes can now be considered complete,and in its professional judgement,the area can now be discounted.*
It is common for searches to reach dead ends such as the failure of Bluefin-21 to locate the plane's black boxes in the area the pings were heard in,then pick up again with a new strategy.The next chapter of this long search will be hiring a contractor to continue the Indian Ocean hunt for the missing airliner in a few months' time.
We continue to work with our partners to more thoroughly understand the data acquired by the Towed Pinger Locator.As such,we would defer to the Australians,as the lead in the search effort,to make additional information known at the appropriate time,the spokesman said in an emailed statement.
It wasn't clear whom Mr.Dean was speaking for,but CNN proceeded to hold a discussion on the remarks with its panel of experts.
The Australian Transport Safety Bureau,the agency in charge of the search,had said in a statement earlier Thursday that the search in the vicinity of the acoustic detections thought to be pings from the plane's black boxes can now be considered complete,and in its professional judgement,the area can now be discounted.*
It is common for searches to reach dead ends such as the failure of Bluefin-21 to locate the plane's black boxes in the area the pings were heard in,then pick up again with a new strategy.The next chapter of this long search will be hiring a contractor to continue the Indian Ocean hunt for the missing airliner in a few months' time.
Friday, May 23, 2014
Wednesday, May 21, 2014
What to Buy:JC Penney;Amazon;Throwback Tech
CNBC host Jim Cramer has been handing out JC Penney gift cards to his coworkers.You can get a lot of really high quality merchandise at JC Penney-a shirt and tie combo,Cramer says.The stores look great.Give me JC Penney.Memorial Day,JC Penney's gonna be crowded.*
I like throwback tech.I like Cisco and I like Apple.I just think Apple is an inexpensive stock.*
The trade is,when the economy is slowing,you buy the consumer packaged goods,because they're not gonna miss the quarter;but people have to be very careful with that kind of trading,because the market's heading down right now.I find that things aren't as great as I'd like,but that's not the material of a recession.The 18-35s are still living at home with their parents at a record level,and that's something people forget about.*
Amazon has invested 20 million in China's food delivery site YUMMY77.They're learning from the hard lessons they learned in the past about competing in China with Amazon China,adds analyst Gene Munster of Piper Jaffray.They're struggling in China.This seems to be striking the right balance.Let Amazon in Seattle do what they do best:focus on Western Europe and the US.I think its a phenomenal stock to own with a five year perspective.*
Microsoft can get things right,Cramer continued;there's no law written that Microsoft must get things wrong.Microsoft makes Xbox,the most popular gaming system.*
Google is the top global brand,according to a new study.They have pulled away from everyone.My charitable trust owns it,though it's been a tough stock to own the past couple of months.*
As for McDonald's,people want to buy things that are down with a good yield.The Europeans are fleeing their bond market and coming here.What's going on is global,the author and master investor Jim Cramer pointed out.
JC Penney(JCP),Amazon(AMZN),Microsoft(MSFT),Google(GOOG),Cisco(CSCO)
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