The statewide unemployment rate climbed slightly to 3.9% in October. While still lower than the national level, it’s been on a gradual increase for most of 2024. State labor officials announced that the unemployment rate grew by one-tenth of a percentage point month over month, landing 0.5 percentage points above where it was in October … Read more
The National Transportation Safety Board (NTSB) issued urgent safety recommendations on Thursday to Boeing and the Federal Aviation Administration (FAA) in response to the potential for a jammed or restricted rudder control system on some 737 Next-Generation and 737 Max 8 aircraft. The rudder controls the side-to-side movement of the nose of the aircraft, otherwise known as … Read more
While his factory workers are on strike, Boeing’s CEO paid $4.1 million on a new Seattle residence, fulfilling his promise to relocate from Florida. Robert “Kelly” Ortberg, 64, took the helm as Boeing CEO on August 8 after former chief executive Dave Calhoun announced his decision to step down amid mounting safety concerns. Notably, Ortberg … Read more
The Justice Department said Boeing had agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million after the planemaker breached a 2021 deferred prosecution agreement, according to a court filing on Wednesday. Boeing on July 7 agreed in principle to plead guilty to conspiring to defraud the Federal Aviation Administration after … Read more
Photo: Red Huber (Getty Images) A new study from the University of Southern California published last week found that SpaceX’s Starlink satellites could be depleting the Earth’s ozone layer. Researchers estimated the potential damage caused by the internet service’s satellites burning up in the atmosphere and releasing aluminum oxides. With its growing artificial constellation, SpaceX … Read more
New York Mets owner and billionaire investor Steven A. Cohen moves with speed and agility when it comes to investing. Cohen’s high-risk, high-reward investing approach has earned him a personal wealth of $19.8 billion. He is the founder of the now-defunct and one of the most successful hedge funds, SAC Capital Advisors, which was charged … Read more
The Justice Department has determined that Boeing violated a settlement that allowed the company to avoid criminal prosecution after two deadly crashes involving its 737 Max aircraft, the agency told a federal judge on Tuesday. It is now up to the Justice Department to weigh whether to file charges against the aircraft maker. The Justice … Read more
The sky is falling — at least on Boeing. A second whistleblower has died under mysterious circumstances, just two months after another one allegedly shot himself in the head — and the attorneys for both men hope their deaths don’t scare away the at least 10 other whistleblowers who want the company to clean up … Read more
Screenshot: Alternative Flights Air travel lately has been pretty hellish, and things have only gotten worse now that Boeing and its aircraft have come under fire for their increased danger. But what if there was a way you could find flights that didn’t use Boeing aircraft? Maybe it would make some people feel better about … Read more
The Justice Department has launched a criminal investigation into the fuselage panel blowout on an Alaska Airlines jet. The feds have started to contact passengers and crew members of the horrifying Jan. 5 flight, which made an emergency landing in Portland, Ore., after the door plug of the Boeing 737 Max 9 blew off at … Read more
