Another day and another vote (or two) in the House of Commons. While UK PM Boris Johnson gets his first major victory during the first vote in today’s session – approving the Withdrawal Agreement, he was not so lucky on the second vote. The second vote pertained to an expedited schedule to get the Brexit deal through the legislative process and Parliament said no. MPs want more time to go through the agreement’s entirety and to have a thorough economic analysis conducted prior to giving their full blessing. Recall, the referendum was in June of 2016. Over three years and there is still bickering and much uncertainty around what a Brexit will actually look like. Now, given the outcome of today’s votes, it appears that the proverbial can is likely to get kicked further down the road. Despite the appearance of further dither and delay by Parliament, PM Johnson is still steadfast in his rhetoric that Brexit will take place on 31 October – only a handful of days away. Given other recent votes, this is now less and less likely and attention will now be paid to EU officials to see if they grant the UK yet another extension. There remains many moving parts when it comes to Brexit and should we be surprised that such high drama or dark comedy is unfolding in the land of Shakespeare? The only question is, in what act do we find ourselves?
In other news we discuss Q3 earning’s season, further news from Boeing, and the deal agreed to by President Erdogan and President Putin surrounding Syria. Stay diversified, stay vigilant, and stay with The Kapital News. #Brexit #UK #Democracy #USA #Turkey #Russia #Syria #Justice #Peace #Truth #Boeing #Economy #Politics
Again, The Kapital News is ahead of the curve when only a couple of weeks ago, we issued a warning around Boeing. The podcast, titled, “GE/GM: Trouble at the Plant?,” also covered a discussion of Boeing. At the time, the concern in question pertained to airline pilots with Southwest Airlines filing suit against Boeing for lost wages. The 737 model is the only model employed by Southwest Airlines and the model that has been grounded globally for months is the Boeing 737 MAX 8 airline. The reason for the plane’s grounding is directly in relation to the two flights that crashed last year within six months of each other – killing all on board. What has been described as a flaw in the computer software on the MAX, may now be turning into something a little more nefarious.
It is now understood in part, that the pilots of these two crashed airlines experienced difficulties with the new computer software and were either unable to override the software or were too late in doing so. What is now being reported, is that Boeing personnel from a few years ago were discussing concerns centered around the software and sensor system on the MAX.
The MAX came into existence following a move by Boeing’s main competitor, Airbus, to increase the size of the engine on the Airbus model A320 – a similar plane to Boeing’s 737. The larger engine was supposed to translate into better fuel-efficiency, thus saving airlines millions of dollars. Not to be outdone, Boeing also made the decision to incorporate larger engines on the 737 and thus the 737 MAX 8 was born. A key difference between the A320 and the 737 is that the elevation clearance from the ground to wing on the A320 is greater than that of the 737. Therefore, the larger engine was easier to install on the A320 as opposed to the 737. This led Boeing to have to move the engine forward, causing part of the engine to actually sit higher than the wing of the 737. This change made it possible for the pitch or the trajectory of the nose of the MAX to steepen to such a degree that the plane could enter a stall and potentially crash. This is what happened on both of the downed airplanes. This change in trajectory is most likely to occur during take-off, which is what transpired on the Lion Air and Ethiopian Airline flights – crashing shortly after take-off. In order to account for this steepening, Boeing updated their software in conjunction with sensors, to detect such a dangerous steepening and then correct the aircraft to a safer position. This unfortunately did not occur during these flights and the pilots were unaware as to how to correct for this error.
What now appears to be the case, is that Boeing may have been driven by revenue, profits, and delivering an aircraft in a “timely” fashion to compete with Airbus. We hope that profits and speed were not prioritized at the expense of safety. If this happens to be the case – the damage this will do to Boeing and the greater economy could prove to be immeasurable. Boeing is the largest US exporter and the industries that they depend and likewise the industries that depend on Boeing on will be heavily hit. These include, steel, aluminum, carbon-composite materials, computers, electronics, glass, rubber, paint, and several others. This could be an industrial/manufacturing contagion comparable to the collapse of Lehman Brothers that truly kick-started the collapse of the 2008-2009 financial crisis and subsequent Great Recession.
This issue is being investigated by the FAA, the Department of Transportation, Congress, the DOJ, the FBI, and other global regulators. There will be much more to come. Stay diversified, stay vigilant, and stay with The Kapital News. #Boeing #Recession #Justice #Truth #Peace #USA #Airbus #EU #Europe #Airlines #Congress #DOJ #Economy #Politics
A handful of breaking news stories crossed the wires today, but the one that caught a good deal of attention pertained to the alleged cease-fire between Turkey and Syria. This was a deal that was brokered by VP Mike Pence and Secretary of State Mike Pompeo with their counterparts in Turkey. Shortly after the US claims that a 120 hour cease-fire has been agreed, Turkish officials come out and state that this is not a cease-fire, but rather a pause in the action. What we do know is that the US is supposed to move the Kurdish forces further south into Syria and further away from the Turkish border – exactly what Turkey wants. In essence, this is a quasi-deal to surrender the position of the Kurds – an American ally. The Kapital News is for peace and prosperity and wants to see an end to the endless wars. However, this cannot be done by shooting from the hip. This needs to be done in a prudent and well thought out manner in order to prevent the kind of scenario in which we find ourselves. Following the “cease-fire” announcement, President Donald Trump made claims that he was the only one who could get this done and that this cease-fire will prevent millions of lives from being lost. This is a ridiculous notion on a few fronts, but primarily because this was not a problem until President Trump made his quick decision to remove US forces from Syria. This then led to the immediate advance of the Turkish military into Syria. This is akin to breaking something and then claiming how great you are when you fix it or attempt to fix it. In addition to this, within the next five days, President Erdogan of Turkey will be visiting with President Putin in Russia – just a coincidence we imagine. Other stories discussed pertain to a “miscommunication” from Mick Mulvaney, acting Chief of Staff to the President, and Director of the Office of Management and Budget, regarding the “quid pro quo” on the President’s phone call with his Ukrainian counterpart. We briefly discuss the Brexit deal, but we’re not holding our breath that this deal will be passed by Parliament in the coming days. Also, an article in Vanity Fair calls into question some irregular trading activity that may have proven quite profitable surrounding trades in the US futures markets that may have paid-off big by timing correctly President Trump’s tweets surrounding the US/China trade talks. Finally, someone in the mainstream in calling this into question. This is an abuse of power and in the very least, it needs to be investigated by the proper authorities. Stay diversified, stay vigilant, and stay with The Kapital News. #Truth #Justice #Peace #War #USA #Syria #Turkey #Russia #Politics #Economy #Recession #Impeachment +
