Month: October 2019

Heading into the 2020 election, some politicians have proposed socialist-leaning policies to combat economic inequality.
However, as Alexander Green explains, we need to look at other countries for a dose of reality about these policies and whether they actually work.

I’ve mentioned here before that I have a younger brother who is a committed Marxist.
He has lived on various communes for more than 40 years – and believes that capitalism is all about greed, selfishness and exploitation. He much prefers the communist ideal.
If you point out the abject failure of economies like the former Soviet Union, pre-capitalist China or today’s North Korea, …read more […]

Boeing engineers and test pilots considered before two fatal 737 MAX crashes whether an anti-stall system should be redesigned after discussing how flawed data from a single sensor could trigger it repeatedly, U.S. investigators have found. The so-called MCAS system, which relied on one sensor, has been linked in part to crashes of 737 MAX jets flown by Lion Air and Ethiopian Airlines, which triggered a worldwide grounding and a corporate crisis at the world’s largest planemaker. The potential redesign discussed during 737 MAX development was ultimately ruled out, based in part on the assumption pilots would …read more […]

Investors cheered a significant cut in production costs at Brazil’s state-run oil firm Petrobras on Friday, sending shares in the company soaring 4% in morning trade, their biggest intraday gain in more than a month. In its third-quarter results released on Thursday night, the company said production costs in a key offshore oil area known as the “pre-salt” fell 20% from the previous quarter to around $5.03 per barrel. Analysts at Banco BTG Pactual SA called the production cost figures “impressive,” adding that the firm’s earnings before interest, tax, depreciation and amortization beat their estimates by 13%. …read more […]

Boeing engineers and test pilots considered before two fatal 737 MAX crashes whether an anti-stall system should be redesigned after discussing how flawed data from a single sensor could trigger it repeatedly, U.S. investigators have found. The so-called MCAS system, which relied on one sensor, has been linked in part to crashes of 737 MAX jets flown by Lion Air and Ethiopian Airlines, which triggered a worldwide grounding and a corporate crisis at the world’s largest planemaker. Although not formally part of the required analysis, the Boeing staff discussed the scenario of repeated activation of MCAS due to …read more […]