Anonymous ID: 04046e March 6, 2020, 9:50 a.m. No.8333650   🗄️.is đź”—kun   >>3870 >>4118 >>4256

U.S. House panel faults FAA review of Boeing 737 MAX, plane design failures

 

A U.S. House investigative report into two Boeing 737 MAX crashes that killed 346 people will fault the Federal Aviation Administration’s (FAA) approval of the plane and Boeing’s “design failures.”

 

The preliminary investigative findings from the U.S. House Transportation Committee, which were seen by Reuters and are being released later on Friday, found the FAA’s “certification review of Boeing’s 737 MAX was grossly insufficient and that the FAA failed in its duty to identify key safety problems.”

 

The 13-page report also finds Boeing’s design “was marred by technical design failures, lack of transparency with both regulators and customers.” The report adds the findings should prompt legislative changes to address how U.S. regulators approve new aircraft for service. FAA and Boeing did not immediately comment. The MAX has been grounded for almost a year. The report comes days before the anniversary of the second fatal MAX crash of an Ethiopian Airlines flight. The committee has been probing the crash for almost a year and received hundreds of thousands of documents and interviewed key Boeing and FAA employees in its investigation.

 

The U.S. House panel also faulted Boeing for what it described as a “culture of concealment” for failing to disclose information to airline pilots about the 737 MAX’s MCAS stall-prevention system linked to both crashes, and that a key angle-of-attack cockpit alert was “inoperable on the majority of the 737 MAX fleet.” It said the FAA’s safety oversight “was hampered by poor, disjointed FAA communication among the agency’s own internal offices” and said the FAA “failed to full exercise its safety oversight authority.” It added the FAA “did not ask enough questions.”

 

Boeing did not tell U.S. regulators for more than a year that it inadvertently made an alarm alerting pilots to a mismatch of flight data optional on the 737 MAX, instead of standard as on earlier 737s, but has said that the missing display represented no safety risk. Boeing has said it will make the feature standard before the MAX returns to service. Erroneous data from a sensor responsible for measuring the angle at which the wing slices through the air - known as the Angle of Attack - is suspected of triggering a flawed anti-stall system that pushed the plane downward in two recent crashes.

 

Federal prosecutors aided by the FBI and a grand jury and the Transportation Department inspector general’s office are reviewing the plane’s certification.

https://www.reuters.com/article/us-boeing-737max/u-s-house-panel-faults-faa-review-of-boeing-737-max-plane-design-failures-idUSKBN20T2EL

Anonymous ID: 04046e March 6, 2020, 9:57 a.m. No.8333698   🗄️.is đź”—kun   >>3702 >>3707 >>3708 >>3720 >>3740 >>3785 >>3817 >>3870 >>3921 >>4051 >>4118 >>4256

Federal Reserve To Quarantine Dollars From Asia On Covid-19 Transmission Concerns

 

Following reports that Beijing had "quarantined" dirty cash, the Federal Reserve is now doing the same out of fear that dollars in circulation from Asia could contain Covid-19, reported Reuters.

 

A Fed spokesperson told Reuters on Friday that "quarantining physical dollars that it repatriates from Asia before recirculating them in the US financial system" has begun. The new "precautionary measure" is to limit the transmission of the virus in the US. The spokesperson said the Fed regional bank system, with 12 total branches across the country, will help manage money supply coming from Asia and quarantine dollars for upwards of ten days before recirculation.

 

There were no specifics of how the dollars would be sanitized. Bear in mind that even before the Covid-19 outbreaks, a 2014 study by researchers at New York University identified 3,000 types of bacteria on dollar bills due to how widely and frequently they change hands.

 

The World Health Organization (WHO) warned Monday that the virus could survive on banknotes, potentially spreading the virus within communities and across the world. To reduce the risk of being infected by money, the NGO advised citizens in countries struggling with outbreaks to favor digital payments when possible.

 

Past research has found that Covid-19 could live on surfaces for as long as nine days. Following reports that Beijing had "quarantined" dirty cash, the WHO warned on Monday that the virus could survive on banknotes, potentially spreading Covid-19 within communities, and across the world. To reduce the risk of being infected by money, the NGO advised citizens in countries struggling with outbreaks to favor digital payments when possible, the Daily Telegraph reported.

 

That the WHO is telling the public to avoid cash is hardly a surprise: research has found that coronaviruses have been found to live on surfaces for as long as 9 days.

 

During the statement, a WHO spokesman referenced a Bank of England study claiming that banknotes "can carry bacteria or viruses" and urged people to wash their hands. Other studies have shown that 90% of US $1 bills had bacteria present, and one Swiss study found that viruses had survive on the faces of Swiss francs for days. The WHO's warnings follow the People's Bank of China last month started disinfecting currency deposited at Chinese banks using ultraviolet light, before quarantining the bills for a week before releasing them back into circulation.

https://www.zerohedge.com/markets/who-warns-dirty-banknotes-may-be-spreading-virus-worldwide

have cash anons…dey skerred

Anonymous ID: 04046e March 6, 2020, 10:39 a.m. No.8334046   🗄️.is đź”—kun   >>4118 >>4256

>>8334003

 

Chipotle Mexican Grill sold by Pershing Square Cap. Mgmt- $306.37m-Feb 24

 

Bill Ackman founded and runs Pershing Square Capital Management.

Ackman married Nexi Oxman, a professor in MIT's Media Lab in January 2019, after finalizing his divorce from his longtime wife Karen.

Ackman created Pershing Square in 2004 and rose to fame for his short of bond insurer MBIA and his rescue of mall operator General Growth.

Coming out of the crisis, he at times topped Wall Street with activist wins on Canadian Pacific, Fortune Brands and Allergan.

He hit hard times after trying to merge of Allergan and Valeant in 2014. He made over $1 billion on the former, but lost $3 billion on the latter.

>https://www.forbes.com/profile/william-ackman/#5f5448f0298d

 

https://www.finviz.com/insidertrading.ashx?oc=1336528&tc=7