7 people are dead and 11 more are missing after a ferry sinks near Bali

Seven people are dead, and 11 more are missing in the choppy waters near Indonesia's Bali, authorities say.
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Your Morning Bullets Brief Updates are here! And that means trivia is, too. 

Who said the following?

“There are two ways of spreading light: to be the candle or the mirror that reflects it.”

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7 people are dead and 11 more are missing after a ferry sinks near Bali

Seven people are dead, and 11 more are missing in the choppy waters near Indonesia's Bali, authorities say.
Image Source: The Jakarta Post

Seven people are dead, and 11 more are missing in the choppy waters near Indonesia’s Bali, authorities say. 

A ferry, known as KMP Yunice, sank late last night about 30 minutes away from East Java’s Ketapang port. Of the 57 people aboard the vessel, 39 have been rescued so far, and authorities were continuing their search efforts early this morning. 

Officials were employing two tug boats and two inflatable boats as they navigated waves up to 13 feet high, said Bali Search and Rescue Agency chief Gede Darmada. 

Most of the people who had been rescued were unconscious when they were plucked from the turbulent water. 

What else do we know right now? What might have caused the incident, and how does this compare to previous tragedies?

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How does Warren Buffett feel about the economic impact of the pandemic?

Warren Buffett at the Berkshire Hathaway annual meeting
Image Source: Gerard Miller / CNBC 

In a recent interview, 90-year-old investing icon Warren Buffett shared his thoughts on the economic fallout of the pandemic, which, he says, is uneven and far from complete. 

“The economic impact has been this extremely uneven thing where… many hundreds of thousands or millions of small businesses have been hurt in a terrible way, but most of the big companies have overwhelmingly done fine,” he said. 

He and Charlie Munger, the vice chairman of Berkshire Hathaway, spoke together for a CNBC special, called A Wealth of Wisdom

“It’s not over,” the Hathaway CEO continued. “I mean, in terms of the unpredictability… it’s been very unpredictable, but it’s worked out better than people anticipated for most people and most businesses. And it’s just, for not fault of their own, it’s just decimated all kinds of people and their hopes.” 

What else does Buffett have to say about this? How does it compare to Munger’s take?

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Thanks for reading once again! And don’t worry, I didn’t forget: 

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Fredrick Frost 

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Author: Fredrick Frost

Fedrick Frost is the Editor-in-Chief of Morning Bullets. He mainly writes about Politics, The Economy and breaking news. With over 35 years in jounralism he has been influential in helping the morning bullets newsletter readers be informed every morning.