Making the news today....

[trigger_andy]

1 minute ago, Johnsond said:

Always takes a tragedy to shake things up but I’d say the submersible industry is in for a big shake up. I’d say it will have been a mercifully quick event. 

Who regulates international waters though? 

[roboted]

32 minutes ago, trigger_andy said:

They can’t take money down with them. 

A totally  pointless comment Andy. 

[trigger_andy]

Just now, roboted said:

A totally  pointless comment Andy. 

🤷‍♂️

[Whoppa Choppa]

10 minutes ago, roboted said:

A totally  pointless comment Andy. 

Not as bad as "May their gods be with them". 

[pleasant]

39 minutes ago, Johnsond said:

Always takes a tragedy to shake things up but I’d say the submersible industry is in for a big shake up. I’d say it will have been a mercifully quick event. 

I hope not....those that create submarines have very strict processes already. This one was pretty much knocked up in a shed and was declared unseaworthy. The insurance company supplied the CEO a disclaimer report stating all the reasons they wouldn't insure it and it was on his and his passengers own backs if he went through with it. He was on video after being informed of this stating 'where do I sign?'

 

I suppose when you are super wealthy like his paying passengers insurance is an irrelevance. Not as if being off work because you've broken you leg is going to worry their financial situation.

 

A big price to pay tho just for bragging rights at the billionaires top table

[Johnsond]

10 minutes ago, pleasant said:

I hope not....those that create submarines have very strict processes already. This one was pretty much knocked up in a shed and was declared unseaworthy. The insurance company supplied the CEO a disclaimer report stating all the reasons they wouldn't insure it and it was on his and his passengers own backs if he went through with it. He was on video after being informed of this stating 'where do I sign?'

 

I suppose when you are super wealthy like his paying passengers insurance is an irrelevance. Not as if being off work because you've broken you leg is going to worry their financial situation.

 

A big price to pay tho just for bragging rights at the billionaires top table

5 lives lost and the international coverage this has generated will virtually guarantee the industry will be under the microscope. There’s a huge difference between the commercially available submarines available and the ultra Deepwater submersibles. I’ve seen the testing on civilian subs ( U Boat Worx) at a facility nearby here ( I think one of techs involved may be on here as a forum member nowadays) 

[trigger_andy]

8 hours ago, roboted said:

A totally  pointless comment Andy. 

Too soon? 
 

 

[Steve Bullman]

Scheme after scheme being used over the years to prop up our economy and stave off probably the worst recession/depression in history..with each scheme giving short term relief but on the long run probably exasperating the end result. 
 

this latest news will he a godsend to some no doubt but can’t help feeling it’s just putting off the inevitable just like every other scheme 

 

Mortgage holders to get 12-month grace period before repossessions amid interest rate hike

APPLE.NEWS

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Mortgage lenders and Chancellor Jeremy Hunt have agreed that people should be given a 12-month break before...

 

[daveatdave]

can't remember getting any help with my Morgage when interest rates were in double Figgers 

i think a lot of people bought a house as a home in those days now people over the last few years have been buying them as a short-term investment the mortgage rates where low house prices were soaring interest rates on savings were very low  

[spuddog0507]

38 minutes ago, daveatdave said:

can't remember getting any help with my Morgage when interest rates were in double Figgers 

i think a lot of people bought a house as a home in those days now people over the last few years have been buying them as a short-term investment the mortgage rates where low house prices were soaring interest rates on savings were very low  

If i remember right my first mortgage was taken out in 1986 and interest rate was around 16%, i didnt get any help either just did a few more hrs during the wk and probably worked all day saterday  and possibly sunday till lunch time to make the payments,, we are a long way from 16% ATM with it only being at 5% and people are asking to be helped  out all ready !! If interest rates keep rising with it being forcast to hit 6 - 6.5% this side of christmas there will be some people in the shit, a lot has changed about our life style in the last 25-30 yrs, mobile phone bill every month, credit card bills, cars on HP and god knows what else on monthly payments ? back when i did it it was quite simple as if we could not afford it we simply didnt have it until we could afford it,,