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☆ Baltimore officials accused the ship that crashed into the Key Bridge of being 'unseaworthy' and leaving port even though its alarms had already gone off
▼ + stars: | 2024-04-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewCity of Baltimore officials on Monday accused the owner and manager of the ship that crashed into the Francis Scott Key Bridge of allowing the vessel to set sail despite it being "clearly unseaworthy." "Reporting has indicated that, even before leaving port, alarms showing an inconsistent power supply on the Dali had sounded," the court petition reads. Authorities found that the 984-foot ship lost power as it navigated toward the bridge, causing it to lose propulsion. The crew on board broadcast a mayday call just before impact, allowing traffic police to seal access to the bridge. AdvertisementMeanwhile, President Joe Biden has said that the federal government will fund the reconstruction of the Key Bridge, and has agreed to disburse some $60 million in aid to the region.

Persons: —, Francis Scott Key, Dali, Grace Ocean, Baltimore Mayor Brandon Scott, Joe Biden Organizations: Service, Synergy Marine, Business, Baltimore Mayor, Grace, Synergy, Port, Authorities, National Transportation Safety Board, FBI, Washington Post Locations: Baltimore, Maryland, Singapore, Port of Baltimore, Sri Lanka, Patapsco

☆ Baltimore bridge collapse: City files legal claim against owner, operator of ship that rammed Key Bridge
▼ + stars: | 2024-04-23 | by ( Jillian Sykes | ) edition.cnn.com time to read: +2 min

Atlanta CNN —Baltimore filed a legal claim on Monday against the owner and manager of the ship that crashed into the Francis Scott Key Bridge last month, causing it to collapse. The Dali, a 213-million-pound ship carrying cargo containers, is owned by Grace Ocean Private Limited and managed by Synergy Marine PTE LTD. As this matter is now the subject of active litigation, we will reserve further comment for the appropriate judicial forum,” the Baltimore City Law Office told CNN. Earlier this month, Grace Ocean and Synergy Marine filed a petition in federal court asking for a $43.6 million limit on potential liability payouts. In its Monday court filings, Baltimore asked the court to deny the companies’ petition to limit liability.

Persons: Francis Scott Key, Dali, Grace Ocean, Darrell Wilson, Grace, — CNN’s Gabe Cohen Organizations: Atlanta CNN, Baltimore, Grace Ocean Private Limited, Synergy Marine PTE LTD, Baltimore’s, City Council, CNN, Baltimore City Law Office, Synergy, Grace Ocean, Federal Bureau of Investigation, US Coast Guard Locations: Baltimore

☆ Baltimore Says Owner of Ship that Hit Key Bridge Was Negligent
▼ + stars: | 2024-04-23 | by ( Mike Ives | ) www.nytimes.com time to read: +1 min

The City of Baltimore has said that the owner and manager of the cargo ship that brought down the Francis Scott Key Bridge last month are directly responsible for the accident and should not be allowed to avoid legal liability, according to court documents filed on Monday. The 985-foot-long ship hit the bridge in the early hours of March 26 after leaving the Port of Baltimore and losing power to its engine and navigation equipment. The bridge collapsed moments later, killing six construction workers, forcing the port to close and disrupting the shipping industry up and down the East Coast. In the meantime, the ship’s owner and operator, both based in Singapore, have asked a federal judge in Maryland to exonerate them from liability for any related losses or damages. In early April, lawyers for the ship’s owner, Grace Ocean, and its manager, Synergy Marine, said in a court filing that the accident had not resulted from “any fault, neglect or want of care” on the companies’ part.

Persons: Francis Scott Key, Grace Ocean Organizations: Port, Synergy Locations: Baltimore, Port of Baltimore, East Coast, Singapore, Maryland

☆ Trains, Trucks and Tractors: The Race to Reroute Goods From Baltimore
▼ + stars: | 2024-04-17 | by ( Peter Eavis | ) www.nytimes.com time to read: +1 min

New John Deere tractors made their way last week through the sprawling port of Brunswick, Ga., their distinctive green paint glinting in the sunshine. Stevedores drove the tractors up a ramp into the belly of the Leo Spirit, a ship that would take them to Asia. The bridge’s collapse closed most of the Port of Baltimore, which last year handled 1.3 million tons of farm and construction machinery and 850,000 cars and light trucks. The Deere tractors would normally be shipped from Baltimore, getting there on trains from a factory in Waterloo, Iowa, according to Georgia port officials. Instead, the tractors had to be trucked to Brunswick, a journey that adds time and costs.

Persons: John Deere, Stevedores, Leo Spirit, Francis Scott Key, ”, Griff Lynch Organizations: Deere, Georgia Ports Authority Locations: Brunswick, Ga, Asia, Coast, Baltimore, Port of Baltimore, Waterloo , Iowa, Georgia

☆ Biden administration partners with states to protect airline customers
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: +2 min

And while state attorneys general receive consumer complaints, airlines are not legally required to respond to their inquiries. The Biden administration has been aggressively pushing measures to expand consumer rights for airline passengers. The latest move comes as passenger traffic in the United States is projected to reach an all-time high this year. It includes 18 states such as California, New York, Nevada and Colorado that have some of the busiest U.S. airports. The DOT said seven more states - Delaware, Massachusetts, Minnesota, Oregon, Tennessee, Vermont, and Washington – are interested in joining the initiative.

Persons: Transportation Pete Buttigieg, Francis Scott Key, Pete Buttigieg, Biden, Buttigieg, Washington – Organizations: Transportation, White, . Transportation, U.S . Department of Transportation, Transportation Department, Southwest Airlines, Republican, Democratic Locations: Baltimore, Washington , U.S, United States, California , New York , Nevada, Colorado, Delaware , Massachusetts, Minnesota , Oregon , Tennessee , Vermont, Washington

☆ The Port of Baltimore was humming along as it handled a record level of cargo in 2023. The collapse of the Key Bridge changed everything.
▼ + stars: | 2024-04-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

In 2023, the Port of Baltimore handled a record 52.3 million tons of international cargo valued at nearly $81 billion. But on March 26, the Francis Scott Key Bridge collapsed after the container vessel Dali struck the bridge and sent the 47-year-old structure into the Patapsco River. Moore recently spoke with Business Insider about the collapse of the Key Bridge and the economic impacts of the port's closure. Wes Moore: The port is the largest in the country when it comes to heavy trucks and agricultural equipment. The Key Bridge was a key artery in this region.

Persons: —, Francis Scott Key, Dali, Wes Moore, Moore, John L, Dorman, Joe Biden, Julia Nikhinson, It's, Jerry Jackson, we've, You've, Baltimore Mayor Brandon Scott, We're, Biden, I'm Organizations: Service, Business, US Army Corps of Engineers, Maryland Democratic Gov, Gov, Maryland Gov, AP, Port, Federal, Baltimore Sun, Tribune, Getty, Baltimore Mayor, WM Locations: Port of Baltimore, United States, Port, Baltimore, Patapsco, Ohio, Tennessee, Michigan, United, It's

☆ Maryland Gov. Wes Moore says he 'immediately' leaned into his military training after the Key Bridge collapse: 'The only certainty is uncertainty'
▼ + stars: | 2024-04-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Wes Moore swiftly leaned on his military training when he learned about the Key Bridge collapse. The bridge collapse has led to the temporary closure of the critical Port of Baltimore. Wes Moore of Maryland received a call with news that seemed unthinkable. Advertisement"When I got the call, it immediately kicked you into your training," Moore said of his reaction to news of the bridge collapse. When discussing the bridge collapse that triggered the temporary closure of the Port of Baltimore, Moore told me that he held onto the mindset of expecting the unknown.

Persons: Wes Moore, —, Francis Scott Key, Moore Organizations: Service, Gov, Maryland, Democratic, Army Locations: of Baltimore, Patapsco, Port of Baltimore, Afghanistan

☆ Baltimore bridge crash now under federal criminal investigation
▼ + stars: | 2024-04-15 | by ( Evan Perez | Holmes Lybrand | ) edition.cnn.com time to read: +1 min

CNN —The ship crash that destroyed Baltimore’s Francis Scott Key Bridge and left several people dead is now under federal criminal investigation, according to a US official familiar with the matter. The FBI and the US Coast Guard are leading the criminal investigation into the disaster and whether the crew failed to report an earlier issue with the vessel that delayed its departure, the official said. The bridge collapsed around 1:30 a.m. March 26 after a massive cargo ship called the Dali lost power and struck the bridge. The National Transportation Safety Board has been investigating why the 213-million-pound ship lost power and crashed into the 47-year-old bridge. The US Army Corps of Engineers has said it plans to reopen the channel affected by the crash by the end of May.

Persons: Baltimore’s Francis Scott Key, Dali Organizations: CNN, Baltimore’s Francis Scott Key Bridge, FBI, US Coast Guard, Washington Post, National Transportation, NTSB, US Army Corps of Engineers Locations: Patapsco, Port of Baltimore

☆ Office Apocalypse, New Expenses Are Wrecking Big Cities' Budgets
▼ + stars: | 2024-04-14 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

Across the country, from Denver and Seattle to Washington, DC, and New York, cities are deciphering whether to slash their budgets. (Most states' fiscal years run from July 1 to June 30.) States and cities are facing pressure from societal issues that will weigh on tax revenue and increase costs for years to come. Aging populations mean a smaller percentage of the population that's of working age, putting downward pressure on tax revenue. But as federal funds have petered out, structural problems have resurfaced.

Persons: Justin Marlowe, Lucy Dadayan, Carol O'Cleireacain, it's, Marlowe, O'Cleireacain, Josh Goodman, Goodman, Liz Farmer, Baltimore's Francis Scott Key, Farmer, Emily Stewart Organizations: Boston, University of Chicago Harris School of Public Policy, Municipal Finance, Pew, Urban, Brookings Tax, Urban Institute, Business Locations: Denver, Seattle, Washington, New York, California , Maryland, Arizona, New York City, New York , New Jersey, Detroit, COVID, States, Maryland, United States

☆ Imports from China to the US are rising at the highest rate since last fall
▼ + stars: | 2024-04-10 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

Imports coming to the U.S. from China are experiencing a notable increase, according to new trade and logistics data. The first half of 2024 is expected to total 11.7 million TEUs (twenty-foot equivalent units), an increase of 11% from the same period last year. In 2023, imports were down from 2022 by almost 13%, totaling 22.3 million TEUs. By comparison, New York/New Jersey processed 7.81 million TEUs, Georgia 5.4 million TEUs, Virginia at 3.3 million TEUs, Charleston 2.5 million TEUs, Jacksonville 1.3 million TEUs, and Miami 1.25 million TEUs. The other reason for the recent container push is fears of a labor strike at East Coast and Gulf ports.

Persons: John Gold, Francis Scott Key, Jason Hilsenbeck, Drayage.com, Paul Brashier, Brashier Organizations: Future Publishing, Getty, Global, National Retail Federation, Hackett Associates, Francis Scott Key Bridge, Miami, ITS Logistics, CNBC, Baltimore, West Coast, U.S ., Port / Railroad, Longshoremen's Association, United States Maritime Alliance Locations: Taicang, Jiangsu province, China, U.S, Panama, Port of Baltimore, East Coast, New York, New Jersey, Georgia, Virginia, Charleston, Jacksonville, Port of Virginia, Norfolk, Baltimore, NY, NJ, Norfolk and New York, West, West Coast North, U.S . East Coast, West Coast, Los Angeles, Long Beach, Long, Gulf, East

☆ Biden's former chief of staff says the president spends too much time 'talking about bridges'
▼ + stars: | 2024-04-10 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Biden's former chief of staff said the president is focusing too much on infrastructure. Klain said he thinks Biden should address issues more affecting voters, like rising grocery costs. AdvertisementDemocratic President Joe Biden's former White House chief of staff said he thinks the president is spending too much time publicly highlighting his infrastructure wins in office instead of addressing economic issues that impact voters. "I think the president is out there too much talking about bridges," Klain said. Related storiesHe said he thinks Biden should focus more on issues directly affecting people's daily lives, like the cost of groceries.

Persons: Biden's, Ron Klain, Klain, Biden, —, Joe Biden's, he's, Barack Obama's, He's, Francis Scott Key, they've Organizations: Service, Democratic, White House, Biden, Politico, Republicans Locations: Baltimore

☆ Dali container removal will take weeks, a key to Port of Baltimore reopening
▼ + stars: | 2024-04-08 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

A Key Bridge Response 2024 Unified Command image of response crews remove shipping containers using a floating crane barge after the cargo ship Dali struck and collapsed the Francis Scott Key Bridge, on April 7, 2024 in Baltimore, Maryland. CSX was the first rail to start a rail service for diverted containers resulting from the accident and closure of the Port of Baltimore. Once the Dali is refloated and no longer listing, tugs will move the vessel to the CSX terminal at the Port of Baltimore. "Once you see plans of moving the Dali away from the port, that's when you know the channel is ready to be open," Roth said. The size of vessels the Coast Guard is allowing is 96 feet in length, compared to the 984-foot-long Dali, the vessel that struck the Francis Scott Key Bridge after losing navigational control and destroyed the key piece of infrastructure.

Persons: Dali, Francis Scott Key, JIC, Aaron Roth, Roth Organizations: Bethlehem Steel, Unified Command, Synergy Marine, U.S . Coast Guard, U.S . Army Corps of Engineers, Maryland Department of, Environment, Maryland Transportation Authority, Maryland State Police, Center, CNBC, Port, CSX, Coast Guard, Chertoff Group, Guard, Francis Scott Key Bridge, Department of Defense, Dover Air Force Base Locations: Baltimore , Maryland, Baltimore Harbor, Baltimore, Port of Baltimore

☆ Premarket stocks: The rally is sputtering. Earnings season could revive it
▼ + stars: | 2024-04-05 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

Investors are hoping the upcoming earnings season will help bring back this year’s banner rally. The first-quarter earnings season could get the stock rally chugging along again, some investors say. Earnings season kicks off next week with quarterly updates from Delta Air Lines, Citigroup, BlackRock, JPMorgan Chase and Wells Fargo. For the millions of recent Latino immigrants in the US, construction jobs have low barriers to entry and the openings are plentiful. The crackdown comes as its rival Netflix has attributed a jump in signups from its recent crackdown on password sharing.

Persons: Stocks, FactSet, ”, Matthew Stith, Wells, Yung, Yu Ma, Francis Scott Key, Ramishah Maruf, Gloria Pazmino, We’re, It’s, Reinaldo Quintero, “, ” Read, Samantha Murphy Kelly, Bob Iger, hasn’t, Read Organizations: CNN Business, Bell, New York CNN, Investors, Bartlett Wealth Management, Delta Air Lines, Citigroup, JPMorgan Chase, BMO Wealth Management, Bureau of Labor Statistics, CNN, Disney, CNBC, Netflix Locations: New York, BlackRock, Wells Fargo, Baltimore, America, signups

☆ A Situation Room scramble, daily calls and political intrigue: Inside the White House response to the Key Bridge collapse
▼ + stars: | 2024-04-05 | by ( Kayla Tausche | ) edition.cnn.com time to read: +8 min

ET, overnight staffers in the White House Situation Room began frantically reaching out to senior officials to notify them of the collision – and collapse – of Baltimore’s Francis Scott Key Bridge. Jen Daskal, the deputy homeland security adviser, began preparing a briefing for President Joe Biden. Two Oval Office meetings were convened as staff at various levels began trickling into the White House. Seven barges and nine tugboats have deployed to the area, according to Tom Perez, the White House director of intergovernmental affairs. In another case – that of Moore and Perez – the two have already opposed each other on the ballot.

Persons: Pete Buttigieg, Dali, Baltimore’s Francis Scott Key, Buttigieg, ” Buttigieg, Wes Moore, Baltimore Mayor Brandon Scott, Jeff Zients –, Jen Daskal, Joe Biden, “, ”, Johnny Olszewski – Biden, ” Olszewski, Biden, “ I’ve, ” Biden, –, Tom Perez, ” Perez, Perez, “ It’s, we’ve, Natalie Quillian, Moore, Perez –, that’s, ” CNN’s Donald Judd Organizations: Baltimore CNN —, US Coast Guard, CNN, Maryland Gov, Baltimore Mayor, White House, Baltimore, Coast Guard, Department of Transportation, Maryland, White, Administration, Democratic Locations: Wyoming, Montana, Maryland, Baltimore County, Washington, Delaware, Baltimore, Patapsco, synchrony, Federal, White, United States

On the day the Francis Scott Key Bridge in Baltimore collapsed, President Biden said the federal government would pay the “entire cost” of rebuilding it, which some suggest could run to more than $1 billion. Washington will foot the bill so the bridge and nearby port can reopen “as soon as humanly possible,” he said. Rebuilding the bridge, repairing the cargo ship that hit it and compensating companies for the disruption at one of the nation’s busiest ports may take years to resolve. “We’re not going to wait,” said Mr. Biden, who plans to visit Baltimore on Friday to survey the damage. They cited an 1851 law that allows a shipowner to cap financial damages mostly to the value of a ship after a crash, if the owner is determined not to have been at fault.

Persons: Francis Scott Key, Biden, ”, “ We’re, Mr Organizations: Baltimore, Grace Ocean Private Ltd, Synergy Marine Locations: Baltimore, Washington, “, Singapore, U.S

An aerial view of the cargo ship that hit the Francis Scott Key Bridge in Baltimore last month. The announcement comes ahead of President Biden’s scheduled visit to the site of the wreckage on Friday. The channel will allow one-way traffic of vessels at a time to and from the port, according to the statement. The Biden administration said last week that it was allocating $60 million in emergency federal highway funds, the initial costs of what will likely be a far more costly operation. Mr. Biden has pledged that the federal government would pay for the bridge to be rebuilt.

Persons: Francis Scott Key, Biden’s, Biden Organizations: U.S . Army Corps of Engineers, Army Locations: Baltimore, Port of Baltimore, Patapsco

The body of a third construction worker who died in the catastrophic collapse of the Francis Scott Key bridge in Baltimore was found on Friday morning, officials said. The man, identified as 38-year-old Maynor Yasir Suazo Sandoval, was discovered by divers, according to a release from local authorities. “The collapse of the Key Bridge is undoubtedly one of the most challenging tragedies we have faced as a law enforcement agency,” Col. Roland L. Butler Jr., superintendent of the Maryland state police, said in a statement announcing the recovery. “Along with our local, state and federal public safety partners, we will not give up.”Mr. Suazo Sandoval’s body was found around 10:30 a.m., officials said, just hours before President Biden visited the site of the disaster and met with victims’ families. The bodies of three more victims have yet to be recovered more than a week after the bridge collapsed into the Patapsco River.

Persons: Francis Scott Key, Yasir Suazo Sandoval, ” Col, Roland L, Butler Jr, Mr, Suazo, Biden Locations: Baltimore, Maryland, Patapsco

☆ Baltimore Shipping Channel Will Partially Reopen by End of April, Officials Say
▼ + stars: | 2024-04-05 | by ( Victoria Kim | More About Victoria Kim | ) www.nytimes.com time to read: +1 min

A shipping channel in the Baltimore harbor that has remained blocked since last week’s collapse of the Francis Scott Key Bridge will be partially reopened by the end of April, with full traffic expected to be restored by late May, the U.S. Army Corps of Engineers said Thursday. The announcement comes on the eve of President Biden’s scheduled visit to the site of the wreckage on Friday. Officials have warned that clearing the warped, jagged debris from the channel will be a complex and potentially dangerous underwater salvage operation, as they scramble to reopen the Port of Baltimore, a key automobile hub that employs 8,000 people. A 280-foot-wide, 35-foot-deep channel leading to the port is expected to be opened first, allowing for container ships and vessels transporting automobiles, the Army corps, which maintains the shipping channel to ensure that it is navigable, said in a statement. The channel will allow one-way traffic of vessels at a time to and from the port, according to the statement.

Persons: Francis Scott Key, Biden’s Organizations: U.S . Army Corps of Engineers, Army Locations: Baltimore, Port of Baltimore

☆ Biden to Visit Site of Baltimore Bridge Collapse on Friday
▼ + stars: | 2024-04-05 | by ( Erica L. Green | ) www.nytimes.com time to read: +1 min

President Biden plans on Friday to visit the site of the Baltimore bridge that collapsed after a colossal cargo ship plowed into it last week, killing six people and severing a major shipping and transportation artery. During his visit to the wreckage of the Francis Scott Key Bridge, Mr. Biden will take an aerial tour, receive briefings on the response efforts and meet with the families of construction workers who were plunged into the Patapsco River along with the structure. Mr. Biden is set to encounter a more than mile-long tangle of concrete and steel that has snarled traffic, devastated blue-collar communities and disrupted operations at one of America’s biggest ports, threatening chaos that could ripple across supply chains. The president has already pledged federal support to help the city recover from the March 26 catastrophe, including a vow to “pay for the entire cost of reconstructing” the bridge “as soon as humanly possible.” It was unclear whether he would announce new measures during his visit, such as an emergency funding package that would need congressional approval. Some Republicans have already rebuffed his promise to pay the entire bridge cost.

Persons: Biden, Francis Scott Key Organizations: Republicans Locations: Baltimore, Patapsco

☆ Opinion | Wes Moore’s Big Experiment for Maryland
▼ + stars: | 2024-04-04 | by ( Pamela Paul | ) www.nytimes.com time to read: +1 min

Taking a gap year, or devoting a year to public service, whether to develop yourself or to serve a higher purpose, can be very alluring and, just as often, very impractical: How do you find the right opportunity, or fit it into your life, and most of all, swing it financially? Wes Moore of Maryland is trying to find a way to make it work for more people. One of the centerpieces of his administration is the newly established Department of Service and Civic Innovation, which includes a public service program with two arms, the Service Year Option, for Maryland residents within three years of high school graduation, and Maryland Corps, which is open to a range of applicants. Each provides access to entry-level positions at nonprofits and state agencies, as well as a small number of businesses with a strong service component, such as public health or community development. Participants are paid a minimum of $15 per hour and provided help with transportation and child care, which could otherwise keep out those with fewer support systems.

Persons: Wes Moore, Francis Scott Key, that’s, Moore Organizations: Gov, of Service, Civic, Maryland Corps Locations: Maryland, Baltimore

☆ Latino immigrant workers died on the Baltimore bridge. More will likely rebuild it
▼ + stars: | 2024-04-04 | by ( Ramishah Maruf | Gloria Pazmino | ) edition.cnn.com time to read: +12 min

More than two-thirds of Hispanic construction workers in America are foreign born. Working without a safety netFor the workers paid to rebuild the bridge, the job will be grueling — and dangerous. CNNWork-related deaths among foreign-born Hispanic or Latino workers rose to their highest level in 2021, according to the most recent Bureau of Labor Statistics data. Fourteen percent of all work-related fatalities in 2021 were foreign-born Hispanic or Latino workers, and most of them worked in construction. The agency’s reports also “consistently show” that Latino and/or immigrant workers are less likely to report employer health and safety violations.

Persons: Francis Scott Key, We’re, It’s, Reinaldo Quintero, “, Carlos Hernández, Miguel Luna, Yassir Suazo Sandoval, Jose Mynor Lopez, Dorlian Castillo Cabrera, ”, Saket Soni, Alejandro Hernandez Fuentes, Soni, ” Quintero, ’ ”, Sean McGarvey, Ligia Guallpa, Quintero, Hurricane Michael, Reinaldo Quintero “, ” Guallpa, Guallpa, Hurricane, Dave Einsel, ” Soni, Ron DeSantis ’, Fort Organizations: New, New York CNN, Bureau of Labor Statistics, CNN, Key, CNN Construction, Resilience Force, Force, of Labor Statistics, New York Committee, Occupational Safety, Health, York, New York State Department of Labor, Workers, North, Unions, Worker’s, Hurricane, Panama City, Safety, Health Administration, Historic New, New York Times, Gov Locations: New York, America, Louisiana, Hurricane, Florida, Mexico, Guatemala, El Salvador, Honduras, United States, New York City, North America’s, Canada, Venezuela, Panama, Baltimore, New Orleans, Texas, North Carolina, Historic New Orleans, Fort Meyers

☆ My cargo ship briefly lost power at sea. Here's how merchant mariners are trained to deal with it.
▼ + stars: | 2024-04-03 | by ( Grace Kay | ) www.businessinsider.com time to read: +8 min

Boyle said he was on a ship that lost power briefly and his training kicked in. I've never faced any major emergencies while working aboard a cargo ship, aside from a minor fire and an instance where my ship temporarily lost power. Do I need to switch over the steering to emergency steering? I radioed into that other vessel just to inform him that we had lost power but we still had steering. Since we still had steering, the main focus was figuring out why we lost power.

Persons: Bryan Boyle, Boyle, —, YouTuber, I've, I'm, Francis Scott Key, It's, we're, you've Organizations: Service, Portland Press Herald, Maersk Locations: Baltimore, North

Hogan's political ascendency resulted in large part from his criticism of tax increases that resonated with a tax-weary electorate in his upset victory in 2014. And Hogan, who was originally elected governor by railing against tax increases endorsed by the Maryland General Assembly, has already made the Maryland race unusually competitive in the heavily Democratic state. The Maryland Senate this month largely kept his budget plan intact, despite a drop in revenue estimates announced after the governor submitted his plan. The Senate has been mostly unreceptive to the House plan, with Ferguson ruling out the corporate tax component. He's also ruled out legalizing internet gambling this year, another part of the House plan.

Persons: Larry Hogan’s, Baltimore's, Francis Scott Key, Republican hasn’t, Hogan, Bill Ferguson, ” Hogan, Del, Ben Barnes, “ I’m, Larry Hogan, ” Barnes, “, ” Ferguson, David Trone, Angela Alsobrooks, Wes Moore, Ferguson, He's, Moore, haven't Organizations: Republican, Gov, U.S . Senate, Baltimore Democrat, Associated Press, Governor, Maryland General Assembly, Democratic, Washington Post, University of Maryland, Republicans, Maryland, Democratic U.S . Senate, U.S, Senate, Transportation Trust Fund, state's, ”, Maryland Democrats, GOP, Maryland Republican, U.S . Rep, Maryland Senate Locations: ANNAPOLIS, Md, Maryland, Baltimore, U.S, Senate, Prince George's

☆ Will the Baltimore Bridge Disaster Make Inflation Worse? - The New York Times
▼ + stars: | 2024-04-02 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

It has been a week since the Dali, a container ship, struck the Francis Scott Key Bridge in Baltimore. It’s still stuck there, and the images remain amazing, in part because the vessel is so huge compared with what’s left of the bridge. And with the ship and pieces of the bridge blocking the harbor entry, the Port of Baltimore remains closed. Well, it would have been quite a big deal if it had happened in late 2021 or early 2022, when global supply chains were under a lot of pressure. The Dali is no Ever Given, the ship that blocked the Suez Canal when it ran aground in 2021.

Persons: Dali, Francis Scott Key, It’s, what’s, Dali Baltimore Locations: Baltimore, Port, Los Angeles, Dali, East Coast, Suez

☆ Baltimore’s economy has been humming. Then a bridge collapsed
▼ + stars: | 2024-04-02 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Baltimore’s regional economy has a lot going for it such as low unemployment and low inflation. That’s well below the national rate of 3.9% in February and ranks 43rd out of 389 regions across the country with more than one million residents. Low inflationThe US economy is still dealing with high inflation, but that’s not much of a problem for the Baltimore metro. Inflation in Baltimore slowed dramatically last year from April to June, falling to a 2.8% annual rise from April’s 5.3%. Like across the country, rising energy prices have recently pushed up overall inflation in the Baltimore metro.

Persons: Francis Scott Key, Prince, it’ll, Matt Rourke, Matt Jaffe, “, ” Jaffe, that’s, That’s, ” Christina DePasquale, Johns, Freddie Mac Organizations: Washington CNN, CNN, Towson, Labor Department, Washington D.C, U.S, Baltimore, Johns Hopkins Carey Business School, National Association of Realtors, NAR, Fed Locations: Baltimore, Port, Baltimore County, Columbia, Boston, Orlando, Atlanta, Washington, Dundalk, Md

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