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☆ Federal Officials Propose New Nursing Home Standards to Increase Staffing
▼ + stars: | 2023-09-01 | by ( Jordan Rau | ) www.nytimes.com time to read: +1 min

The nation’s most thinly staffed nursing homes would be required to hire more workers under new rules proposed on Friday by the Biden administration, the greatest change to federal nursing home regulations in three decades. The proposed standard was prompted by the industry’s troubled performance earlier in the coronavirus pandemic, when 200,000 nursing home residents died. But the proposal falls far short of what both the industry and patient advocates believe is needed to improve care for most of the 1.2 million Americans in nursing homes. estimated that three-quarters of the nation’s 15,000 homes would need to add staff members. But the increases at many of those facilities would be minor, as the average nursing home already employs nurses and aides at, or very close to, the proposed levels.

Persons: Biden Organizations: Centers, Medicare, Services, C.M.S

☆ US attorney's office files legal motion to block planned Titanic expedition
▼ + stars: | 2023-08-31 | by ( Sabrina Shulman | ) edition.cnn.com time to read: +3 min

CNN —The US government has filed a motion to stop a Titanic expedition planned for 2024, citing a law that protects and preserves the shipwreck as a gravesite. The expedition has been organized by RMS Titanic Inc., a company that owns the exclusive salvage rights to the remains of the Titanic. RMS Titanic Inc. had said they wanted to recover the ship’s radio – a request that was granted in May 2020 by a US district judge. RMS Titanic Inc. said in a periodic report filed this June that the company is planning for a 2024 expedition but does “not intend to seek a permit,” according to the motion filed by the US government. More than 1,500 people lost their lives in the accident, and the Titanic became the most famous shipwreck in history.

Persons: salvors, RMST, “ Organizations: CNN, Titanic Inc, United, Titanic, Commerce, State Department, National Oceanic Atmospheric Administration, Department of Commerce, US, Court, Office, of, North Atlantic Locations: United States, Virginia, Norfolk , Virginia, Eastern, of Virginia, North

☆ U.S. Seeks to Block Recovery of Titanic Artifacts
▼ + stars: | 2023-08-30 | by ( William J. Broad | More About William J. Broad | ) www.nytimes.com time to read: +1 min

Until then, Congress declared, “no person should physically alter, disturb, or salvage the R.M.S. Now, the federal government is taking legal action to assert control over who can recover artifacts from the storied liner and, potentially, to block an expedition planned for next year. The move comes as the Titan submersible disaster of June 18 raised questions about who controls access to the ship’s remains, which lie more than two miles down on the North Atlantic seabed. The Virginia court specializes in cases of shipwreck recovery and in 1994 granted exclusive salvage rights to RMS Titanic, Inc., which is based in Atlanta, Ga. The company has retrieved many artifacts from the ship and set up a number of public exhibitions.

Persons: “, American salvors Organizations: Congress Locations: Washington, American, Norfolk, Va, Virginia, Atlanta ,

SummaryCompanies ATM, branch, card services restored -OCBCBank on standby to deploy additional resourcesLarger peer DBS faced 6.5-hour disruption in MayAug 28 (Reuters) - Singapore's second-biggest bank, Oversea-Chinese Banking Corp (OCBC) (OCBC.SI), restored ATM, branch and card services on Monday after grappling with technical problems that disrupted various banking channels. OCBC, which is also Southeast Asia's second biggest lender by assets, had taken to its social media accounts earlier to warn of the issues that began at 8.33 a.m.Internet banking, mobile banking and Velocity arrangements were still affected, an OCBC spokesperson said in a response to Reuters. "We are on standby to deploy additional resources at branches and extend branch banking hours," the spokesperson added. "Our channels were impacted by a technical problem, affecting consumer and business banking customers." On May 5, the digital banking services of larger peer DBS (DBSM.SI) faced a 6-1/2-hour disruption.

Persons: Tharman Shanmugaratnam, Lavanya Ahire, Yantoultra Ngui, Kim Coghill, Clarence Fernandez Organizations: OCBC Bank, DBS, Chinese Banking Corp, Reuters, Monetary Authority of Singapore, Thomson Locations: Oversea, Bengaluru, Singapore

☆ Nine dead after fire in stationary train carriage in southern India
▼ + stars: | 2023-08-26 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, Aug 26 (Reuters) - Nine people died on Saturday after a fire broke out in a stationary train carriage in the southern Indian city of Madurai, in Tamil Nadu state. The blaze started after a gas cylinder being used by some passengers to make tea on a stove exploded, Madurai district collector M.S. Sangeetha said, according to a video shot by ANI. More than 50 passengers were travelling in the carriage, which was detached from the train and parked separately at the station, Sangeetha told Reuters partner news agency ANI. ($1 = 82.6370 Indian rupees)Reporting by Aditi Shah; Editing by Mike HarrisonOur Standards: The Thomson Reuters Trust Principles.

Persons: Sangeetha, Aditi Shah, Mike Harrison Organizations: Thomson Locations: DELHI, Indian, Madurai, Tamil Nadu, India's, Orissa

☆ Free Cash in Ireland, at Least for a Moment, Thanks to a Bank Glitch
▼ + stars: | 2023-08-16 | by ( Isabella Kwai | More About Isabella Kwai | ) www.nytimes.com time to read: +1 min

For some customers at the Bank of Ireland, it was a windfall too good to be true. The bank, one of Ireland’s largest, acknowledged on Wednesday that a “technical issue” with its online banking services had allowed some customers to withdraw more money than they had in their accounts, prompting the authorities to monitor crowds after long lines formed at some A.T. M.s around the country. The problems began on Tuesday, after some Bank of Ireland customers complained that they could not access online banking services, leaving them unable to pay for transactions or transfer money. But the technical glitch also allowed customers to transfer or withdraw funds without affecting their overall balance, the bank said, and some people apparently seized on the opportunity to take out money they did not have. Crowds began to gather around some Bank of Ireland A.T.M.s, according to footage circulating online and chatter on social media, even as the bank warned people not to overdraw their accounts.

Organizations: Bank of Ireland, Ireland Locations: M.s

☆ US bank Citi completes sale of Taiwan consumer unit to Singapore's DBS
▼ + stars: | 2023-08-14 | by ( Selena Li | ) www.reuters.com time to read: +1 min

[1/2] The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File PhotoHONG KONG, Aug 14 (Reuters) - U.S. bank Citigroup (C.N) has completed the sale and migration of its Taiwan consumer businesses to Singapore's DBS Group (DBSM.SI), it said on Monday. The now transferred retail business includes retail banking, credit card, mortgage and unsecured lending businesses, as well as the transfer of close to 3,000 employees. The lender plans to complete the sale of the ninth consumer unit in Indonesia later this year. Citi, in a major strategy shift, has said it plans to exit consumer banking across 14 markets globally.

Persons: Chris Helgren, HONG KONG, Selena Li, Tom Hogue Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, Singapore's DBS, Thomson Locations: Toronto , Ontario, Canada, HONG, Taiwan, Australia, Bahrain, India, Malaysia, Philippines, Thailand, Vietnam, Indonesia

Moody's cut the ratings of 10 U.S. banks by one notch and placed some banking giants on review for potential downgrades. The downgraded banks include M&T Bank (MTB.N), Pinnacle Financial Partners (PNFP.O), Prosperity Bank and BOK Financial Corp (BOKF.O). The banks placed on review for downgrade include BNY Mellon (BK.N), US Bancorp (USB.N), State Street (STT.N) and Truist Financial (TFC.N). Moody's changed its outlook to negative from stable for Capital One (COF.N), Citizens Financial (CFG.N) and Fifth Third Bancorp (FITB.O), among others. The ratings agency also affirmed the ratings of PNC Financial Services Group (PNC.N), Citizens, and Huntington Bancshares (HBAN.O) alongside other banks.

Persons: Moody's, BNY Mellon, Huntington, Juby Babu, Muralikumar Anantharaman Organizations: Moody's Corporation, T Bank, Pinnacle Financial Partners, Prosperity Bank, BOK Financial Corp, BNY, US Bancorp, Truist, Silicon Valley Bank, Signature Bank, Citizens, Fifth Third Bancorp, PNC Financial Services, Thomson Locations: Manhattan , New York, U.S, Silicon, Bengaluru

A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File PhotoNEW YORK, Aug 8 (Reuters) - Financial firms that enforce strict return-to-office mandates could drive employees to leave, according to a study published Tuesday by accounting firm Deloitte. Companies that insist on five days of in-office work are likely to see those policies backfire, the study showed. The Deloitte survey showed caregivers with remote or hybrid arrangements were 1.3 times more likely to leave their jobs if that flexibility was taken away. Poll results showed almost half of women in senior leadership roles were likely to leave their current employer over the next 12 months.

Persons: Morgan Chase, Mike Segar, Deloitte, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Lananh Nguyen, Conor Humphries Organizations: Co, New York City, REUTERS, Financial, Deloitte, Companies, JPMorgan, Citigroup, UBS, Bank of New York Mellon, Thomson Locations: New York, America

The quarterly results from OCBC, also Southeast Asia's second largest lender by assets, rounded up a strong earnings season by Singapore banks as DBS Group (DBSM.SI) and United Overseas Bank (UOBH.SI) also delivered double-digit profit growth. Besides higher interest rates, Singapore lenders have also benefited from strong inflows from wealthy customers amid global uncertainty, including U.S.-China geopolitical tensions, because of the city-state's status as a financial safe-haven. Higher interest rates and slower economic growth could raise asset-quality risks for businesses and individual customers, he said, adding weak loan demand could negatively impact net interest income growth momentum once margin expansion peaks. OCBC said April-June net profit climbed to S$1.71 billion ($1.28 billion) from S$1.28 billion a year earlier mainly driven by better income growth and partly offset by higher allowances for non-impaired assets. The figure compared with a mean estimate of a S$1.76 billion profit from four analysts polled by Refinitiv.

Persons: ROE, Thilan Wickramasinghe, OCBC, NIM, Yantoultra Ngui, Tom Hogue, Shri Navaratnam, Jamie Freed Organizations: Chinese Banking Corp, DBS, United Overseas Bank, Maybank Securities, Refinitiv, Thomson Locations: Singapore, SINGAPORE, Asia's, U.S, China, Malaysia

☆ Singapore bank OCBC second-quarter earnings rise; sees rate cuts from 2024
▼ + stars: | 2023-08-04 | by ( Yantoultra Ngui | Thomson Reuters | Yantoultra Ngui Is A Southeast Asia Deals Correspondent With Reuters In Singapore | ) www.reuters.com time to read: +3 min

The quarterly results from OCBC, also Southeast Asia's second largest lender by assets, rounded up a strong earnings season by Singapore banks as DBS Group (DBSM.SI) and United Overseas Bank (UOBH.SI) also delivered double-digit profit growth. Besides higher interest rates, Singapore lenders have also benefited from strong inflows from wealthy customers amid global uncertainty, including U.S.-China geopolitical tensions, because of the city-state's status as a financial safe-haven. The figure compared with a mean estimate of a S$1.76 billion profit from four analysts polled by Refinitiv. The bank projected its full-year net interest margin, a key profitability gauge, to be above 2.2%, return on equity in the range of 14% and low-to-mid single-digit loan growth. ($1 = 1.3410 Singapore dollars)Reporting by Yantoultra Ngui; Editing by Tom Hogue, Shri Navaratnam and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: ROE, Helen Wong, Thilan Wickramasinghe, OCBC, Wong, Yantoultra Ngui, Tom Hogue, Shri Navaratnam, Jamie Freed Organizations: Chinese Banking Corp, DBS, United Overseas Bank, Maybank Securities, Refinitiv, Thomson Locations: Singapore, SINGAPORE, Asia's, U.S, China, Malaysia

☆ LATAM Airlines sees stronger 2023 after Q2 results boost
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +3 min

A Latam Airlines airplane is seen at Guarulhos International Airport amid the outbreak of the coronavirus disease (COVID-19), in Guarulhos, near Sao Paulo, Brazil, May 19, 2020. REUTERS/Amanda PerobelliSANTIAGO, Aug 2 (Reuters) - LATAM Airlines expects "record" net earnings in 2023 after posting stronger second-quarter results and improved forecasts, company executives said on Wednesday, hoping to bolster investor confidence after the company's exit from bankruptcy in November. "Without a doubt we are foreseeing a much better financial situation and very good profitability in 2023," he told reporters. Alfonsin added that the company was expecting to hit pre-pandemic level results for the year and record EBITDAR. LATAM Airlines, South America's largest airline, operates units across the continent, with routes across the world.

Persons: Amanda Perobelli SANTIAGO, Ramiro Alfonsin, Alfonsin, Fabian Cambero, Gabriel Araujo, Isabel Woodford, Valentine Hilaire, Gerry Doyle Organizations: Latam Airlines, Guarulhos, REUTERS, LATAM Airlines, South America's, Chilean, LAN, Brazilian, TAM, U.S . Department of Transportation, U.S, Thomson Locations: Guarulhos, Sao Paulo, Brazil, Santiago, South

A logo of DBS is pictured outside an office in Singapore January 5, 2016. DBS, which is also Southeast Asia's largest lender by assets, said April-June net profit hit a quarterly record high S$2.69 billion ($2.69 billion) compared to S$1.82 billion a year earlier. DBS' NIM, a key profitability gauge, rose for sixth consecutive quarter to 2.16% during the quarter from 1.58% a year earlier. Return on equity hit new quarterly high of 19.2%, up from 13.4% the same quarter a year ago. ($1 = 1.3411 Singapore dollars)Reporting by Yantoultra Ngui; Editing by Muralikumar Anantharaman and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Edgar Su, NIM, Piyush Gupta, Gupta, Yantoultra Ngui, Muralikumar Anantharaman, Stephen Coates Organizations: DBS, REUTERS, Refinitiv, Thomson Locations: Singapore, SINGAPORE, Hong Kong

REUTERS/Andrew Kelly/File photoNEW YORK, Aug 3 (Reuters) - Paco Ybarra, the CEO of Citigroup's (C.N) institutional clients group, will leave in the first half of next year, according to an internal memo seen by Reuters. He helped to establish it as a "powerhouse in fixed income," CEO Jane Fraser wrote in a memo to staff. Ybarra joined Citi in Madrid in 1987 as a management associate and subsequently worked in Mexico, Singapore, London and New York. He led some of its most important businesses, including markets and securities services. "A picture of grace under fire, Paco helped Citi navigate some of our industry’s most challenging moments," Fraser wrote, including the Mexican peso crisis in 1994, the 2008 financial crisis and the pandemic.

Persons: Andrew Kelly, Paco Ybarra, Jane Fraser, Ybarra, Paco, Fraser, Lananh Nguyen, Mark Porter, Nick Zieminski Organizations: Citibank, New York Stock Exchange, REUTERS, Reuters, Citi, Thomson Locations: Manhattan , New York City, U.S, Madrid, Mexico, Singapore, London, New York

☆ Soaring StanChart still has lots of work to do
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, July 28 (Reuters Breakingviews) - Bill Winters’ bank is finally getting its act together – to an extent. London-listed Standard Chartered (STAN.L) on Friday reported its highest first-half revenue and earnings since Winters joined as CEO in 2015. The upgraded 12%-14% top-line growth for this year, from 10% previously, caught investors' eyes, as did a chunky $1 billion share buyback programme. Winters managed to get costs down to 61% of revenue in the first half, close to his 2024 target of around 60%. Even after Friday’s bump, StanChart trades at just two-thirds of 12-month forward tangible book value, using analyst estimates gathered by Refinitiv Datastream.

Persons: Bill Winters, Winters, It’s, Refinitiv Datastream, Liam Proud, Streisand Neto Organizations: Reuters, “, HSBC, DBS, Twitter, Bank of Japan, Thomson Locations: SINGAPORE, London

☆ Singapore’s clean reputation gets a timely test
▼ + stars: | 2023-07-18 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

SINGAPORE, July 18 (Reuters Breakingviews) - Singapore could turn a governance crisis into an opportunity. Its transport minister S. Iswaran and Ong Beng Seng, the property billionaire credited with bringing Formula One to the city, were arrested and released on bail last week. The rare high-profile probe involving a public official by the hub’s anti-graft agency is a timely test of the Asian centre’s willingness to act tough on corruption. It's been six days since Prime Minister Lee Hsien Loong revealed the investigation by the Corrupt Practices Investigation Bureau and the exact details remain unclear. S. Iswaran and businessman Ong Beng Seng were arrested on July 11 and subsequently released on bail, the Corrupt Practices Investigation Bureau said.

Persons: Ong Beng Seng, It's, Lee Hsien Loong, Iswaran, Ong, Una Galani, Thomas Shum Organizations: Reuters, Formula, Practices, Beijing, DBS, Hotel Properties, InterContinental Hotels Group, Marriott International, Thomson Locations: SINGAPORE, Singapore, Denmark, Finland, New Zealand, Norway, Asia, Hong Kong, COMO

Now it is at the epicentre of a property crash that threatens to engulf the Nordic state's economy. It has said it plans on selling roughly 6 billion Swedish crowns worth of assets this year. Speculators are betting that the stock price has further to fall. SBB shares are subject to more short-selling - a bet that the stock price will drop - than any other Swedish company, according to data from the financial regulator. "If, on the other hand, the SBB will be bought up, then the small shareholders will probably lose everything."

Persons: Maria De Geer, who've, Ilija Batljan, Batljan, Robert Bergqvist, SEB, Leiv Synnes, pare, De Geer, Pablo Mayo, Elaine Hardcastle Organizations: SBB, Swedish Shareholders Association, Organisation for Economic Cooperation, Development, Asset Management, SBB Treasury Oyj, Reuters, Thomson Locations: STOCKHOLM, FRANKFURT, Sweden, Swedish, Cerqueiro, London

☆ Who Should Be Tracking Their Glucose?
▼ + stars: | 2023-07-12 | by ( Dana G. Smith | More About Dana G. Smith | ) www.nytimes.com time to read: +1 min

But in recent years, glucose has become one of the trendiest biometrics to track for people striving to optimize their health. That’s in large part because of the increasing accessibility of a tool called a continuous glucose monitor, or C.G.M. C.G.M.s monitor levels of glucose — the body’s main source of energy — in real time. A tiny needle-like sensor sticks into the skin and reads glucose levels in the fluid between cells. Now, there are at least five companies that market and sell apps and C.G.M.s to people without diabetes, claiming that knowing your glucose levels can help you lose weight and improve your health.

Persons: Abbott, Dexcom

SINGAPORE, July 11 (Reuters) - Singapore investment firm Temasek Holdings (TEM.UL) on Tuesday posted a 5.2% drop in its net portfolio value to S$382 billion ($284.65 billion) in the financial year that ended in March. The drop in net portfolio value is its first since the 2019 financial year and came amid intensified global market volatility. Over the last decade, Temasek has grown its net portfolio value by 77.7% to S$382 billion from S$215 billion in 2013. Its portfolio value hit a record high of S$403 billion in the year ending in March 2022. Most of China's tech companies share prices have rallied since Friday on the hope that strict regulations that have stymied growth for more than two years would ease.

Persons: Chin Yee, Temasek, Rohit Sipahimalani, it's, Yantoultra Ngui, Xinghui, Robert Birsel Organizations: Temasek Holdings, Ant Group, Temasek, DBS, China Construction Bank, PSA International, Mapletree Investments, Ant, People's Bank of, Thomson Locations: SINGAPORE, Singapore, China, Asia, Temasek, People's Bank of China

☆ What to Know About ChatGPT’s New Code Interpreter Feature
▼ + stars: | 2023-07-11 | by ( Yiwen Lu | More About Yiwen Lu | ) www.nytimes.com time to read: +1 min

How does code interpreter work? But when code interpreter is enabled, ChatGPT writes and runs a piece of computer code to find the answer, OpenAI said. “The code objectively does something right,” said Ethan Mollick, an associate professor at the University of Pennsylvania, who tested code interpreter for two months before it was released. What have people used code interpreter to do? Some people have also used code interpreter to convert the formats of files, such as turning images into videos or PDF documents into pictures.

Persons: ChatGPT, OpenAI, ”, Ethan Mollick, Mollick Organizations: University of Pennsylvania, Financial Locations: United States

☆ More Heat, and Little Respite, Is Expected in the Southwest
▼ + stars: | 2023-07-10 | by ( Jacey Fortin | David Montgomery | ) www.nytimes.com time to read: +1 min

“This year, we are seeing a bit of a delay in the evolution into the monsoon thunderstorm season,” Mr. Frieders said. “And so with that, we ended up seeing temperatures a little bit hotter during the day.”The heat wave now stationed over the desert Southwest — caused by a “heat dome” of high pressure — has also brought sweltering temperatures to parts of Texas and New Mexico. Experts estimate that more than 50 million people across the United States live in the areas expected to have dangerous levels of heat. As Captain Noak spoke on Monday afternoon, the heat index in the city — a measure of how the air feels that takes into account both temperature and humidity — was climbing toward an expected high of 109 degrees. Captain Noak said Austin residents had enjoyed some relief last week, when high temperatures fell short of 100 degrees for several days and the E.M.S.

Persons: ” Mr, Frieders, ”, Darren Noak, Noak, Captain Noak Organizations: Austin, Medical Services Locations: Texas, New Mexico, United States, Travis, Austin , Texas, Austin

☆ Allies React Cautiously to Prospect of U.S. Cluster Weapons for Ukraine
▼ + stars: | 2023-07-07 | by ( Cassandra Vinograd | Thomas Gibbons-Neff | ) www.nytimes.com time to read: +8 min

The United States appears to be on the verge of providing Ukraine with cluster munitions, a senior Biden administration official said. What are cluster munitions? “There’s just not a responsible way to use cluster munitions,” said Brian Castner, the weapons expert on Amnesty International’s Crisis Response Team. The New York Times has documented Russia’s extensive use of cluster munitions in Ukraine since the beginning of the invasion in February 2022. The Convention on Cluster Munitions also limits the ability of nations that have signed on to cooperate militarily with countries that employ them.

Persons: Laura Cooper, “ There’s, ”, Brian Castner, Castner, “, Ukraine —, Jerry Redfern, Mary Wareham, Cooper, Biden, Gabriela Rosa Hernández, David Guttenfelder, Oleksandr Kubrakov, ” Eric Schmitt, John Ismay, Gaya Gupta Organizations: Biden, Washington, U.S, Pentagon, National Public Radio, United Nations, Amnesty, Cluster Munitions, Getty, The New York Times, The Times, Human Rights Watch, NATO, Ukraine, Munitions, Arms Control, Ukraine’s, Brigade, ., Munich Security Locations: States, Ukraine, Kyiv, Russia, Eurasia, Tibnin, Lebanon, Syria, Yemen, Afghanistan, Balkans, Laos, U.S, United, United States, LightRocket, Russian, Kramatorsk, Ukrainian

Morgan Stanley co-presidents Ted Pick and Andy Saperstein are widely viewed as the front-runners for the top job, with Pick seen as having a slight edge, the person said. A Morgan Stanley spokesperson declined to comment, as did Gorman, Pick, Saperstein and Simkowitz when contacted directly. SUCCESSION PLANNINGSince taking the helm, Australian-born Gorman, 64, has transformed Morgan Stanley through a series of major deals into a wealth management powerhouse that aims to manage $10 trillion in assets. Pick, 54, heads Morgan Stanley's institutional securities group, overseeing areas including investment banking, equities and fixed income. Saperstein, 56, is in charge of the wealth management unit that has bolstered Morgan Stanley's profits in recent years.

Persons: Morgan Stanley's, James Gorman's, Gorman, Morgan Stanley, Ted Pick, Andy Saperstein, Pick, Dan Simkowitz, Morgan, Merrill Lynch, You've, you've, Peter Orszag, Kenneth Jacobs, JPMorgan Chase, Jamie Dimon, Brian Moynihan, Lananh Nguyen, Paritosh Bansal, Megan Davies, Jamie Freed Organizations: YORK, U.S . Securities, Exchange Commission, U.S, Attorney's, Southern, of, McKinsey, White House, JPMorgan, Bank of America, Thomson Locations: London, New York, of New York, Australian

☆ 3 reasons why the Titanic will never be raised
▼ + stars: | 2023-06-26 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +6 min

The Titanic sank in 1912, and ever since people have wanted to salvage it. Its lack of structural integrity is just one of three main reasons why the Titanic is destined to remain sunk forever. The Titanic wreck site is a gravesiteApproximately 1,500 people lost their lives in the sinking of the Titanic. "NOAA recognizes the Titanic wreck site as a maritime memorial and supports Article 4(1) of the 'Agreement Concerning the Shipwrecked Vessel R.M.S. "Captain's bathtub is a favorite image among the Titanic enthusiasts, and that's now gone," Titanic historian Parks Stephenson said in a statement in 2019.

Persons: it's, —, Daniel Stone, Monica Allen, James Cameron, who's, Eva Hart, rusticles, Halomonas, Lori Johnston, Clare Fitzsimmons, Captain Edward Smith's, that's, Parks Stephenson, Xavier Desmier, Charles Smith, Ethan Miller Organizations: Service, NOAA, Titanic Inc, CBS News, New York Times, Titanic, Institute for Exploration, University of Rhode, Materials, USA, Newcastle University, BBC, Costa Concordia, Architectural Locations: Britain, University of Rhode Island, Las Vegas, Luxor, It's

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