While "this time may be different" for the centrally-planned stock market, every historic example of subsequent ruin notwithstanding, the very recent past is again hitting Carnival Cruise Lines with a vengeance, as one short month after its disabled Triump cruise ship fiasco, in which passengers were trapped on board a filthy ship for five days, the cruise company is forced to suffer through a very humiliating case of deja vu.
Reuters reports, "A Carnival Cruise Lines ship was stuck at port in St. Maarten in the Caribbean on Thursday with equipment trouble, a month after another Carnival vessel was disabled in the Gulf of Mexico by a fire, trapping thousands of passengers for nearly five days. The captain of the Carnival Dream reported a problem with the emergency diesel generator, which controls the ship's propulsion, a U.S. Coast Guard spokesman said. "Right now the passengers are being kept on board the ship for accountability reasons," Doss said. "They were scheduled to leave today so the captain has decided to have everybody remain on board at this time. CNN reported that passengers aboard the Carnival Dream had contacted the cable news channel complaining of power outages and overflowing toilets, tales reminiscent of the troubles on the Carnival Triumph."
And to think the passengers could have just stayed home, opened their E-trade accounts, BTFD, and basked in the glow of the wealth effect, knowing full well at the current rate of Fed liquidity injections they could all soon afford their own private island.
A U.S. Coast Guard spokeswoman in Miami told the Associated Press Thursday that Carnival Dream's captain reported possible trouble with the ship's propulsion system. Petty Officer Sabrina Laberdesque said the ship has sewage and power and officials are working to correct the problems. She says the Coast Guard is not involved because the ship is moored.
Multiple passengers aboard the Carnival Dream told CNN.com of the unpleasant unfolding situation while docked in port at Philipsburg, St. Maarten.
"We are not allowed off of the boat despite the fact that we have no way to use the restrooms on board," Jonathan Evans of Reidsville, N.C., said in an email early Thursday. "The cruise director is giving passengers very limited information and tons of empty promises. What was supposed to take an hour has turned into seven-plus hours."
Gregg Stark, who is traveling aboard the 1,004-foot liner with his wife and two children, said “human waste” can be found on the floor of some of the ship’s bathrooms and some toilets have overflowed. The ship, which can accommodate up to 3,600 passengers and more than 1,300 crew members, also has mechanical issues.
"The elevators have not been working,” Stark told CNN. “They've been turning them on and off, on and off."
Ship officials announced over the liner’s public address system that they were trying to fix the problem and were working on the generators. A few hours later, another announcement was made, saying the problem was worse than expected, Stark said.
The Dream had been scheduled to leave port at about 5 p.m. ET Wednesday after sailing from Port Canaveral in Florida on Saturday.
At the current pace that Carnival is destroying its business model, pretty soon the only way the company remains viable is if it begins accepting payment with EBTs. Which, we are confident, both the administration and JPMorgan are well ahead of us in developing.