Search for Malaysian plane may extend to Indian Ocean: US

March 14, 2014

Malaysian_plane_mysteryKuala Lumpur/Washington, Mar 14: A new search area for Malaysia Airlines Flight 370 may be opened in the Indian Ocean, the White House said, significantly broadening the potential location of the plane, which disappeared nearly a week ago with 239 people on board.

Expanding the search area to the Indian Ocean would be consistent with the theory that the Boeing 777 may have detoured to the west about an hour after take-off from the Malaysian capital Kuala Lumpur en route to Beijing.

"It's my understanding that based on some new information that's not necessarily conclusive — but new information — an additional search area may be opened in the Indian Ocean," White House spokesman Jay Carney told reporters in Washington.

Carney did not specify the nature of the new information and Malaysian officials were not immediately available to comment.

The disappearance of the Malaysia Airlines plane is one of the most baffling mysteries in the history of modern aviation. There has been no trace of the plane nor any sign of wreckage despite a search by the navies and military aircraft of more than a dozen countries across Southeast Asia.

Satellites picked up faint electronic pulses from the aircraft after it went missing on Saturday, but the signals gave no information about where the jet was heading and little else about its fate, two sources close to the investigation said on Thursday.

But the "pings" indicated its maintenance troubleshooting systems were switched on and ready to communicate with satellites, showing the aircraft was at least capable of communicating after losing touch with air traffic controllers.

The system transmits such pings about once an hour, according to the sources, who said five or six were heard. However, the pings alone are not proof that the plane was in the air or on the ground, the sources said.

Malaysian authorities have said the last civilian contact occurred as the Boeing 777-200ER flew north into the Gulf of Thailand. They said military radar sightings indicated it may have turned sharply to the west and crossed the Malay Peninsula toward the Andaman Sea.

The new information about signals heard by satellites shed little light on the mystery of what happened to the plane, whether it was a technical failure, a hijacking or another kind of incident on board.

While the troubleshooting systems were functioning, no data links were opened, the sources said, because the companies involved had not subscribed to that level of service from the satellite operator, the sources said.

Boeing and Rolls-Royce, which supplied its Trent engines, declined to comment.

Earlier Malaysian officials denied reports that the aircraft had continued to send technical data and said there was no evidence that it flew for hours after losing contact with air traffic controllers early last Saturday.

"It's extraordinary that with all the technology that we've got that an aircraft can disappear like this," Tony Tyler, the head of the International Air Transport Association that links over 90 percent of the world's airlines, told reporters in London.

MILITARY DEPLOYMENT GROWS

Ships and aircraft are now combing a vast area that had already been widened to cover both sides of the Malay Peninsula and the Andaman Sea.

The US Navy was sending an advanced P-8A Poseidon plane to help search the Strait of Malacca, separating the Malay Peninsula from the Indonesian island of Sumatra. It had already deployed a Navy P-3 Orion aircraft to those waters.

US defense officials told Reuters that the US Navy guided-missile destroyer, USS Kidd, was heading to the Strait of Malacca, answering a request from the Malaysian government. The Kidd had been searching the areas south of the Gulf of Thailand, along with the destroyer USS Pinckney.

India's defence ministry has ordered the deployment of ships, aircraft and helicopters from the remote Andaman and Nicobar Islands, at the juncture of the Bay of Bengal and the Andaman Sea. An Indian P8I Poseidon surveillance plane was sent to the Andaman islands on Thursday.

China, which had more than 150 citizens on board the missing plane, has deployed four warships, four coastguard vessels, eight aircraft and trained 10 satellites on a wide search area. Chinese media have described the ship deployment as the largest Chinese rescue fleet ever assembled.

WRONG IMAGES

On the sixth day of the search, planes scanned an area of sea where Chinese satellite images had shown what could be debris but found no sign of the airliner.

Malaysian transport minister Hishammuddin Hussein told a news conference the images were provided accidentally, saying the Chinese government neither authorized nor endorsed putting them on a website. "The image is not confirmed to be connected to the plane," he said.

It was the latest in a series of contradictory reports, adding to the confusion and agony of the relatives of the passengers.

As frustration mounted over the failure to find any trace of the plane, China heaped pressure on Malaysia to improve coordination in the search.

Premier Li Keqiang, speaking at a news conference in Beijing, demanded that the "relevant party" step up coordination while China's civil aviation chief said he wanted a "smoother" flow of information from Malaysia, which has come under heavy criticism for its handling of the disaster.

Malaysian police have said they were investigating whether any passengers or crew on the plane had personal or psychological problems that might shed light on the mystery, along with the possibility of a hijacking, sabotage or mechanical failure.

The Boeing 777 has one of the best safety records of any commercial aircraft in service. Its only previous fatal crash came on July 6 last year when Asiana Airlines Flight 214 struck a seawall with its undercarriage on landing in San Francisco, killing three people.

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Agencies
May 4,2020

Washington, May 4: Anxious for an economic recovery, President Donald Trump fielded Americans' questions about decisions by some states to allow nonessential businesses to reopen while other states are on virtual lockdown due to the coronavirus.

After more than a month of being cooped up at the White House, Trump returned from a weekend at the Camp David presidential retreat in Maryland and participated in a “virtual” town hall, hosted Sunday night by Fox News Channel, from inside the Lincoln Memorial.

He pushed for an economic reopening, one his advisers believe will be essential for his reelection chances this November.

“We have to get it back open safely but as quickly as possible," Trump said.

The president acknowledged fear on both sides of the issue, some Americans worried about getting sick while others are concerned about losing jobs.

Though the administration's handling of the pandemic, particularly its ability to conduct widespread testing, has come under fierce scrutiny, the president defended the response and said the nation was ready to begin reopening.

“I'll tell you one thing. We did the right thing and I really believe we saved a million and a half lives,” the president said.

But he also broke with the assessment of his senior adviser and son-in-law, Jared Kushner, saying it was “too soon to say" if the federal government was overseeing a “success story."

Trump's impatience also flashed. While noting that states would go at their own pace in returning to normal, with ones harder hit by the coronavirus going slower, he said that “some states frankly I think aren't going fast enough" and singled out Virginia, which has a Democratic governor and legislature.

And he urged the nation's schools and universities to return to classes this fall.

But many public health experts believe that cannot be done safely until a vaccine is developed.

Trump declared Sunday that he believed one could be available by year's end although his own pandemic task force has predicated it could be another 18 months.

Federal guidelines that encouraged people to stay at home and practice social distancing expired late last week.

Debate continued over moves by governors to start reopening state economies that tanked after shopping malls, salons and other nonessential businesses were ordered closed in attempt to slow a virus that has killed more than 66,000 Americans, according to a tally of reported deaths by Johns Hopkins University.

The U.S. economy has suffered, shrinking at a 4.8 per cent annual rate from January through March, the government estimated last week. It was the sharpest quarterly drop since the 2008 financial crisis.

Roughly 30.3 million people have filed for unemployment aid in the six weeks since the outbreak forced employers to shut down and slash their workforces. It was the worst string of layoffs on record.

Larry Kudlow, Trump's top economic adviser, on Sunday predicted a “spectacular 2021” — with “the right set of policies” — on top of a rebound from July through December of this year.

He said on CNN's "State of the Union" that the administration would "pause” to review the effectiveness of trillions in economic relief spending before making any decision on whether additional aid is needed.

House Speaker Nancy Pelosi, D-Calif., said Thursday that state and local governments are seeking up to USD 1 trillion for coronavirus costs, The Senate planned to reopen Monday, despite the Washington area's continued status as a virus hot spot and with the region still under stay-at-home orders.

The House remains shuttered. The pandemic is forcing big changes at the tradition-bound Supreme Court: The justices will hear arguments, beginning Monday, by telephone for the first time since Alexander Graham Bell patented his invention in 1876.

Congressional Republicans are resisting calls by Democrats for emergency spending for states and local governments whose revenue streams all but dried up in recent weeks.

The GOP is counting on the country's reopening and the rebound promised by Trump as their best hope to forestall another big round of virus aid.

The leaders of California and Michigan are among governors under public pressure over lockdowns still in effect while states such as Florida, Georgia and Ohio are reopening.

Michigan Governor Gretchen Whitmer, a Democrat, said Sunday that the armed protesters who demonstrated inside her state's Capitol “depicted some of the worst racism” and “awful parts” of US history by showing up with Confederate flags, nooses and swastikas.

Trump had tweeted “LIBERATE” and named Michigan and other states in mid-April. In a new tweet Friday, he urged Whitmer to “make a deal” with the protesters. “These are very good people, but they are angry.

They want their lives back again, safely!” Trump said.

Despite the opposition of Michigan's Republican-controlled Legislature, Whitmer has extended a state of emergency declaration and directed most businesses statewide to remain closed.

Some people participating in other public protests across the US have not kept their distance from one another and have rallied without masks, not heeding public health recommendations.

Deborah Birx, coordinator of the White House coronavirus task force, called that behavior “devastatingly worrisome.”

She said people will feel guilty for the rest of their lives if they end up infected and unwittingly spread the virus to vulnerable family members.

“We need to protect each other at the same time we're voice our discontent,” she told CNN's “State of the Union.”

An overwhelming majority of Americans support stay-at-home orders and other efforts to slow the virus' spread, according to a recent survey from The Associated Press-NORC Center for Public Affairs Research.

Asked about states that are reopening before they meet benchmarks laid out in federal guidelines she helped write, Birx said the guidelines “are a pretty firm policy of what we think is important from a public health standpoint.”

She added that she and others have made it clear that people must continue practising social distancing, “scrupulous” hand washing and other measures to protect themselves and others.

Fox News Channel said it asked viewers to submit questions about reopening the country on the network's Twitter, Facebook and Instagram accounts for a chance to appear on the rare broadcast from the Lincoln Memorial. Trump spoke from the memorial's steps last July Fourth.

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Agencies
July 3,2020

The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock.

Despite fears a surge in new Covid-19 cases would delay economies reopening and stymie a tentative recovery, world stocks have rallied - with the S&P 500 finishing higher in June, marking its biggest quarterly percentage gain since the height of the technology boom in 1998.

Caught between bets in favour of riskier investments, weak U.S. economic prospects as well as an easing in the thirst for dollars after the Federal Reserve flooded markets with liquidity, the greenback fell nearly 1.0 per cent last month. It was its worst monthly performance since December.

While there was a dire prognosis from the top U.S. medical expert on the coronavirus' spread, the June 25-July 1 poll of over 70 analysts showed weak dollar projections as Fed Chair Jerome Powell on Monday reiterated the economic outlook for the world's largest economy was uncertain.

"The dollar rises in two instances: when you see risk off or when there is a situation where the U.S. is leading the global recovery, and we don't think that's going to be the case anytime soon," said Gavin Friend, senior FX strategist at NAB Group in London.

"The U.S. is playing fast and loose with the virus, and chronologically they're behind the rest of the world."

Currency speculators, who had built up trades against the dollar to the highest in two years during May, increased their out-of-favour dollar bets further last week, the latest positioning data showed.

About 80 per cent of analysts, 53 of 66, said the likely path for the dollar over the next six months was to trade around current levels, alternating between slight gains and losses in a range. That suggests the greenback may be at a crucial crossroad as more currency strategists have turned bearish.

But more than 90 per cent, or 63 of 68, said a second shock from the pandemic would push the dollar higher. Five said it would push the U.S. currency lower.

Much will also depend on debt servicing and repayments by Asian, European and other international borrowers in U.S. dollars.

While an early shortage of dollars in March from the pandemic's first shock pushed the Fed to open currency swap lines with major central banks, international funding strains have eased significantly since. In recent weeks, usage of the facility has reduced dramatically.

That trend is expected to continue over the next six months with major central banks' usage of swap lines to "stay around current levels", according to 32 of 46 analysts. While 13 predicted a sharp drop, only one respondent said use of them would "rise sharply".

The dollar index, which measures the greenback's strength against six other major currencies, has slipped over 5 per cent since touching a more than three-year high in March.

When asked which currencies would perform better against the dollar by end-December, a touch over half of 49 respondents said major developed market ones, with the remaining almost split between commodity-linked and emerging market currencies.

"The dollar is so overvalued, and has been overvalued for a long time, it's time now for it to come back down again, as we head towards the (U.S.) election," added NAB's Friend.

Over the last quarter, the euro has staged a 1.8 per cent comeback after falling by a similar margin during the first three months of the year. For the month of June, the euro was up 1.2 per cent against the dollar.

The single currency was now expected to gain about 2.5 per cent to trade at $1.15 in a year from around $1.12 on Wednesday, slightly stronger than $1.14 predicted last month. While those findings are similar to what analysts have been predicting for nearly two years, there was a clear shift in their outlook for the euro, with the range of forecasts showing higher highs and higher lows from last month.

"In comparison to even a month or two ago, the outlook in Europe has improved significantly," said Lee Hardman, currency strategist at MUFG.

"I think that makes the euro look relatively more attractive and cheap against the likes of the dollar. We're not arguing strongly for the euro to surge higher, we're just saying, after the weakness we have seen in recent years, there is the potential for that weakness to start to reverse."

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News Network
April 24,2020

Washington, Apr 24: President Donald Trump has favoured a phased reopening of the US economy, devastated by the coronavirus pandemic, which has claimed nearly 50,000 lives and infected over eight lakh people in the country.

More than 95 per cent of the country's 330 million people are under stay-at-home order as a result of the social mitigation measures, including social distancing, being enforced till May 1.

Trump on Thursday indicated that the stay-at-home order might be extended beyond May 1, but vehemently advocated the need to gradually open up the economy.

In the past few weeks, more than 26 million Americans have filed for unemployment benefits and the figure is soon likely to cross 40 million.

Both the World Bank and the International Monetary Fund (IMF) have projected a negative growth in the US in 2020.

To keep America gaining momentum, every citizen needs to maintain the vigilance, and we all understand that very well we've gone over it many, many times this includes practising good hygiene, maintaining social distance, and the voluntary use of face covering, Trump said.

Safe and phased reopening of our economy -- it's very exciting, but it does not mean that we are letting down our guard at all in any way; on the contrary, continued diligence is an essential part of our strategy to get our country back to work to take our country back, he told reporters at his daily White House news conference on coronavirus.

The data and facts on the ground suggest that the US is making great progress, he said.

In 23 states, new cases have declined. In the peak week, 40 per cent of the American counties have seen a rapid decline in new cases. As many as 46 states report a drop in patients showing coronavirus-like symptoms, he said.

Trump said the US is very close to finding a vaccine for COVID-19.

We are very close to testing... when testing starts it takes a period of time but we will get it done, he said.

According to Vice President Mike Pence, data continues to show promising signs of progress in the New York Metro area, New Jersey, Connecticut, Detroit and New Orleans. All appear to be passed their peak and we are seeing consistent declines in hospitalisation and cases in regions across the country, he said.

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