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America Breaking News: Asiana Airliner was Well Below Target Speed Before Impact: NTSB

Wochit 1:13 mins

According to a flight data recorder recovered by the National Transportation Safety Board, the Asiana airlines plane that crashed at San Francisco airport was traveling at 103 knots seconds before it hit the seawall in the front of the runway, far below the target speed of 137 knots. NTSB Chair Deborah Hersman told reporters that three seconds before impact, the plane's engine was at 50 percent power, and engine power was increasing. At impact, the flight speed was 106 knots. Hedge fund investors were recently borrowing aggressively to fund stock bets relative to their strategies since the financial crisis, a Federal Reserve survey showed on Monday. The Fed's Senior Credit Officer Survey showed one in five respondents reported hedge fund client's leverage, a measure of the amount of debt used to make financial bets, was near its highest level for equity-oriented funds since a pre-crisis peak. Teresa Heinz Kerry, the wife of Secretary of State John Kerry, who was hospitalized over the weekend after apparently suffering a seizure, was upgraded to fair condition from critical.

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