via ocala.com
Friday, September 16, 2011
AP: 75 Injured, 25 Critically in Crash at Stead Airport - KTVN Channel 2 - Reno Tahoe News Weather, Video -
Kellene StockwellChannel 2 NewsWitnesses say the plane was about 400-500 feet in the air when it nosedived and crashed near a spectator stand at the Air Races at the Reno-Stead Airport.
The accident happened just before 4:30pm during the National Championship Air Races.
Our reporter Chris Ciarlo says the P51 WWII Mustang was third in contention during the gold heat when the crash happened.
The plane DID NOT hit the stands, it hit nearby tables instead.
We just received confirmation that the pilot in the crash was Jimmy Leeward and he flew the Galloping Ghost. There's no word on his condition.
A second reporter on scene, Paul Nelson says it appears the Mustang hit halfway down the stands. Crime tape now covers the area.
Airport personnel and military evacuated thousands of spectators.
There's no official word yet on any injuries.
Just yesterday, a pilot had to make a hard landing after his plane had engine problems and declared an emergency.
The air races are canceled for the rest of today.
via ktvn.com
‘Mass Casualty Situation’ in Plane Crash at Air Show - ABC News
A small plane crashed in or near spectators at the National Championship Air Races in Reno, Nev., creating a “mass casualty situation,” a race spokesman told The Associated Press.
There was an unconfirmed count of 12 people dead and 30 injured, ABC News affiliate KOLO in Reno reported.
Pilot Jimmy Leeword crashed into a box seat area as he flew a P-51 Mustang called the Galloping Ghost at 4:30 p.m. local time, the AP reported.
Video of the crash showed the plane suddenly lurching vertically into the air and then coming down in an area containing spectators.
The AP cited video that showed bodies and wreckage at the front of the stands.
A local hospital was in “code triage” and told to expect 80 to 1oo people, KOLO reported.
via abcnews.go.com
Oil Ticks Higher On Renewed Optimism
By SELINA WILLIAMS
LONDON—Brent crude futures edged higher as optimism mounted ahead of a two-day meeting in Poland of euro-zone finance ministers regarding potential coordinated action to stem the region's debt crisis.
U.S. Treasury Secretary Timothy Geithner will also attend the meeting, which follows news Thursday that global central banks will pump more dollars into the European banking system to reduce pressure on banks, some of which have had trouble borrowing dollars.
The move to make dollars more easily available lifted Brent prices as it helped to calm investors' fear of another recession in the euro zone. A recession would weaken oil demand.
Meanwhile, U.S. crude prices drifted in a narrow range as market participants awaited the opening of markets there and the University of Michigan consumer confidence data later in the day.
Mid morning, the front-month October contract on the New York Mercantile Exchange was trading up 32 cents, or 0.4%, at $89.08 per barrel. The front-month November Brent contract on London's ICE futures exchange was up 30 cents at $112.60 a barrel.
With no major macroeconomic data due out Friday, headlines out of the Poland meeting are likely to dominate markets, analysts said.
But in the meantime, market participants are unlikely to place bets that prices will fall in Friday's session in case the Poland meeting yields a positive result over the weekend, when markets are closed.
"The sense of dread that was gripping the markets for much of last week and earlier this week seems to be fading somewhat, and this should allow a measure of strengthening to set in, at least during Friday's session," MF Global said.
Additional delays to cargoes of Forties crude, the main grade feeding into benchmark Brent blend, have tightened the supply-demand balance in the key North Sea physical market, limiting any downside on Brent futures prices, said Andrey Kryuchenkov's , VTB Capital vice president of commodities research.
Mid morning, the ICE's gasoil contract for October delivery was down $1.75 at $950.50 per metric ton, while Nymex gasoline for October delivery was up 58 points at $2.7886 per gallon.
Write to Selina Williams at selina.williams@dowjones.com
via online.wsj.com
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