Chris Berg: The Real Reason for the Tragedy of the Titanic – WSJ.com

April 15, 2012 – The Real Reason the Titanic sunk:  In the 1958 Titanic film “A Night to Remember,” Captain Smith is consulting with the shipbuilder Thomas Andrews. After the two realize that the Titanic will sink and that there are not enough lifeboats for even half those aboard, Smith quietly says “I don’t think the Board of Trade regulations visualized this situation, do you?”  Artistic rendering of the Titanic from Le Petit Journal Paris, April 28, 1912 (Above).

In the run-up to the 100th anniversary of this tragedy this weekend, there’s been a lot of commentary about who and what were to blame. Left unsaid is that the Titanic’s lifeboat capacity is probably the most iconic regulatory failure of the 20th century. Click the link below for the complete story.

The Master of Disaster

Chris Berg: The Real Reason for the Tragedy of the Titanic – WSJ.com.

About wfoster2011

Disaster researcher and current financial and economic news and events: Accidents, economics, financial, news, nature, volcanoes, floods, earthquakes, fires; airplane, ship & train wrecks; tornadoes, mine cave-ins, hurricanes, pestilence, blizzards, storms, tzuami's, explosions, pollution, famine; heat & cold waves; nuclear accidents, drought, stampedes and general. Futures trader using high volume and open interest futures markets. Also, a financial, weather and mundane astrologer with over 30 years of experience. Three University degrees from California State University Northridge: BS - Accounting MS - Busines Administration BA - Psychology Served in the U. S. Army as an Armored Platoon Leader in the 5th Battalion, 68th Armored Regiment, 8th Infantry Division (Retired). Have published three books and 36 articles available for sale through my blog: Commodology - Secret of Soyobeans (Financial Astrology) Timing is the Key (Financial Astrology) Scum City, a fiction novel (no longer available, under contract to major publisher) Currently resident of Las Vegas, NV, USA
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