Nik Wallenda, first man to complete 1800-feet tightrope walk across Niagara Falls

June 16, 2012

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Ontario, Canada, June 16: Daredevil Nik Wallenda became the first person to walk on a tightrope across the Niagara Falls, taking steady, measured steps Friday night for 1,800 feet across the mist-fogged brink of the roaring falls separating the U.S. and Canada.

"I feel like I'm on cloud nine right now," an exuberant Wallenda told reporters after accomplishing what he said was his childhood dream before an estimated 112,000 people crowding the shores of both countries and millions more who watched a live television broadcast.

He described wind "coming from every which way," mist so powerful he had to blink it away to maintain his vision and a breathtaking view during the nighttime walk illuminated by spotlights that "compared to nothing."

"There was no way to focus on the movement of the cable," said Wallenda, 33. "If I looked down at the cable there was water moving everywhere. And if I looked up there was heavy mist blowing in front of my face. So it was a very unique, a weird sensation."

He said he accomplished the feat through "a lot of praying, that's for sure. But, you know, it's all about the concentration, the focus, and the training."

The seventh-generation member of the famed Flying Wallendas had long dreamed of pulling off the stunt, never before attempted. Other daredevils have wire-walked over the Niagara River but farther downstream and not since 1896.


"This is what dreams are made of, people," said Wallenda, who wore a microphone for the broadcast, shortly after he stepped off from a platform on the American shore.

Along the way, he calmly prayed aloud.

After passing the halfway mark, Wallenda expressed fatigue. "I'm strained, I'm drained," he said. "This is so physical, not only mental but physical."

Toward the end, as he neared the Canadian shore, Wallenda dropped to one knee and pumped his fist while the spectators cheered.


He broke into a playful run about 15 feet from the finish line, where his wife and three children waited.

"I am so blessed," he said later. "How blessed I am to have the life that I have."

ABC televised the walk and insisted Wallenda use a tether to keep him from falling in the river. Wallenda said he agreed because he wasn't willing to lose the chance to perform the walk it took him well over a year to win permission from two countries to do. Such stunts are normally illegal. ABC's sponsorship helped offset some of the $1.3 million cost of the spectacle.

Wallenda said he thought about the tether, which was secured at his waist and dragged behind him, at several points along the 30-minute walk but wasn't hindered by it as he'd feared.

"Awesome! The whole thing is awesome," 8-year-old William Clements of Dresden, Ontario, said after watching the walk with his family from the Canadian side, adding he wouldn't want to walk "even over something not high."

"He was meant to do it. The weather was perfect," said Glenda Rutherford of Ontario. "It was amazing."

For Wallenda, who has grown up on the high wire and holds six Guinness records for various stunts, the Niagara Falls walk was unlike anything he'd ever done. Because it was over water, the 2-inch wire didn't have the usual stabilizer cables to keep it from swinging. Pendulum anchors were designed to keep it from twisting under the elkskin-soled shoes designed by his mother.

The Wallendas trace their roots to 1780 Austria-Hungary, when ancestors traveled as a band of acrobats, aerialists, jugglers, animal trainers and trapeze artists. The clan has been touched by tragedy, notably in 1978 when patriarch Karl Wallenda, Nik's great-grandfather, fell to his death during a stunt in Puerto Rico.

Wallenda said that at one point in the middle of the walk, he thought about his great-grandfather and the walks he had taken:


"That's what this is all about, paying tribute to my ancestors, and my hero, Karl Wallenda."

About a dozen other tightrope artists have crossed the Niagara Gorge downstream, dating to Jean Francois Gravelet, aka The Great Blondin, in 1859. But no one had walked directly over the falls, and authorities hadn't allowed any tightrope acts in the area since 1896. It took Wallenda two years to persuade U.S. and Canadian authorities to allow it, and many civic leaders hoped to use the publicity to jumpstart the region's struggling economy, particularly on the U.S. side of the falls.




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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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News Network
February 14,2020

London, Feb 14: Five years ago Britain’s new finance minister Rishi Sunak wasn’t even a member of parliament and now he is running the world's fifth largest economy.

The 39-year-old former Goldman Sachs banker was appointed in dramatic fashion on Thursday when incumbent Sajid Javid unexpectedly quit — in a row over advisers — during what Downing Street had cast as a routine ministerial reshuffle.

Sunak is married to the daughter of Infosys co-founder NR Narayana Murthy, and was hand-picked to take over an ultra-safe seat in northern England, previously represented by former Conservative Party leader William Hague. The Murthy family was not reachable for comment.

In July, when he was promoted chief secretary to the Treasury, Murthy had said: “Our advice to our children, including Rishi, has been to work hard, be honest, and do good for society…We wish him well.”

After Thursday’s announcement, Sunak said: “Delighted to be appointed... Lots to get on with.”

Tipped for Promotion

As Boris Johnson moves to increase control of the finance ministry, one of the youngest chancellors in history will face a prime minister who wants to increase government spending on everything from infrastructure and police to health and education.

Sunak, seen as a rising star in the ruling Conservative Party since he entered Parliament in 2015, had been tipped for promotion to a senior post in the ministerial rejig as Johnson put together his post-Brexit cabinet.

But, despite an already rapid ascent through the ranks of government, few expected the Oxford University Politics, Philosophy and Economics graduate to ascend to one of the highest offices in the land.

Sunak had been serving as Javid’s deputy in the finance ministry since Johnson promoted him upon taking office in July 2019. Prior to that he had served as a junior housing minister.

“From working in my mum’s tiny chemist shop to my experience building large businesses, I have seen first-hand how politicians should support free enterprise and innovation to ensure our future prosperity,” Sunak says on his website.

Smooth and loyal

Seen as a smooth media performer and ultra-loyal member of the Conservative Party, Sunak has been used by the government to present and defend their policies in television interviews — a sign of trust from Johnson, who has a fraught relationship with Britain’s media.

Sunak takes control at a critical juncture for Britain’s $2.7 trillion economy. He will have to steer the economy through the turbulence of leaving the European Union and the forging of new trade links that will define Britain’s new relationship with the world.

However, the power struggle that forced his predecessor Javid to quit hints at a more diminished role for what is the second most powerful position in the government — with Johnson’s office wanting to centralise control and minimise dissent.

Sunak is one of the three ministers of Indian origin in Johnson’s cabinet, the other two being Priti Patel and Alok Sharma. Patel remains the interior minister after the cabinet reshuffle while Sharma, a former minister for international development, was appointed the new minister for business. Sunak’s father was a doctor and his mother ran a chemist shop. Before entering politics he worked for Goldman Sachs and a hedge fund, then co-founded an investment firm. He also has an MBA from Stanford University.

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Agencies
June 16,2020

Washington, Jun 16: The United States will reduce its troop strength in Germany from the nearly 52,000 at present to 25,000, President Donald Trump has said in Washington.

In an interaction with reporters at the White House on Monday, Trump attributed the move to high costs and Germany being "delinquent" in its payment to NATO.

"We have 52,000 soldiers in Germany. That's a tremendous amount of soldiers. It's a tremendous cost to the United States and Germany, as you know, is very delinquent in their payments to NATO.

"They are paying one per cent and they're supposed to be a two per cent. And then two percent is very low. It should be much more than that. So they are delinquent of billions of dollars," Trump alleged.

"So, we're putting the number down to 25,000 soldiers. We'll see what happens, but Germany has not been making payments. In addition to that, I was the one that brought it up. Everybody talks about Trump with Russia. Well, I brought this up a long time ago. Why is Germany paying Russia billions of dollars for energy and then we're supposed to protect Germany from Russia? How does that work? It doesn't work," the US president said.

US soldiers, he said, are paid well. "They live in Germany. They spend vast amounts of money in Germany. Everywhere around those bases is very prosperous for Germany. So, Germany takes. And then on top of it, they treat us very badly on trade. We have trade with the EU, Germany being the biggest member, and very, very badly on trade and we are negotiating with them on that. But right now, I'm not satisfied with the deal they want to make," Trump said.

"They've cost the United States hundreds of billions of dollars over the years on trade," he said.

The US protects them and then they take advantage of America on trade, the president said.

"So we are working on a deal with them, but it's very unfair and I would say by far, the worst abuser is Germany," he said.

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