News Updates

Titanic sub search and rescue

June 21, 2023
Hello, Insiders. This is Kieran Corcoran, an executive editor in Insider’s News division.


We are gripped today by the effort to rescue the submersible lost near the wreck of the Titanic. Our reporting so far found reason to be pessimistic: successful rescue is rare, and this was a deep, remote voyage. There are reasons to be skeptical of operator OceanGate, which in the past appeared cavalier about safety and in 2018 was accused by an employee of cutting corners.


But, at least for now, there is hope. Rescuers yesterday detected unusual noise beneath the waves, and with it the possibility of survivors.


In today’s edition:

— Kieran Corcoran

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  • More than 14 million student-loan borrowers are set to resume payments this year under new companies. Per a watchdog, that’ll further “complicate” the repayment process.

Missing submersible

Ocean Gate


Search-and-rescue efforts are underway to find a tourist submersible that went missing carrying five people to the Titanic shipwreck on Sunday.

Those inside the vessel are sealed in with at least 17 dead-bolts, and the US Coast Guard said the oxygen supply is likely to run out by Thursday afternoon.

Experts shared three likely scenarios of what could have happened:

  • The vessel may be bobbing around on the surface, waiting to be found. It’s possible that the submersible had a problem with its communication device, and has already resurfaced. This would be the “best-case scenario.”
  • It suffered a “catastrophic failure.” This could be due to a leak or a power failure. But, if the pressure hull was breached, then it could lead to an implosion. “It would happen quite quickly, and there would be little chance of surviving,” a professor of marine robotics said.
  • It has become tangled in the wreckage of the Titanic. Two other experts said the vessel could still be intact and its passengers alive, but it might have become stuck near the bottom of the ocean. In any case, a rescue from those depths would be very difficult.

Billionaire war, ‘Car Mom,’ & more

Co-Founders David Siegel and John Overdeck. Two Sigma


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  • “I’m the ‘Car Mom’ and review family cars for a living.” Kelly Stumpe has test-driven and toured 65 family cars. In a new interview, she shared her favorite models, including the Ford Expedition, and why 100,000-mile vehicles shouldn’t scare you.
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  • “I travel with my friends instead of saving for retirement.” Sophia Benoit writes that, whenever she and her friends feel they’re on the edge of burnout, they travel. She knows it might be smarter to save for the future – but she returns home feeling ready to work hard again. Read her essay.
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  • A Swiss private bank released its list of the most expensive cities if you want to live in luxury. Singapore topped the list, with its high rent, house prices, school fees, taxes on cars, and general living expenses. London and New York were also in the analysts’ top five. The full list.

The Titanic

Carpathia passenger/Public domain


12 famous people who died on the Titanic — and 11 who survived. More than 1,500 people died in the maritime disaster, including the millionaire John Jacob Astor, while about 700 survived, including the socialite Margaret Brown. More here.

Missing submersible

OceanGate’s submersible is missing days after it began its journey to explore the Titanic shipwreck on June 18. See video of how the submersible operates.

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This edition was curated by Kieran Corcoran, and edited by Hallam Bullock, Lisa Ryan, and J.R. Stacey. Get in touch:

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