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Billionaires fund deep-water exploration projects

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OCEANS. Earth’s last frontier is about to be explored firsthand after more than half a century. In the next several days, James Cameron, the director of “Titanic,” ”Avatar” and “The Abyss,” plans to dive nearly seven miles down in a one-man lime green submarine that he helped design. The location is the Mariana Trench in the western Pacific.

He is not alone in his quest, AP reports. Airline and telecom entrepreneur Richard Branson is not far behind. And former Google CEO Eric Schmidt is funding another deep water submarine project that’s still on the drawing boards.

The editor of the Traveling Reporter works as a business news editor, and is a frequent traveler. When not doing any of that, he spends time on his boat and tries to figure out where to travel next. Two of his top destinations are the Philippines and San Francisco. Email Erik! Follow the Traveling Reporter at Stumbleupon, Tumblr, Chime In, Pinterest, Google+, Weibo, Storify, Facebook, Traveldudes, Myspace.