Archive for 2024

CHRIS QUEEN: Here’s the Next Thing to Watch for in the Fani Willis Drama. “Former metro Atlanta prosecutor Chris Timmons thinks that McAfee’s ruling should come down the line on Friday. He also told WSB that McAfee’s consideration is important because of how serious Georgia’s Racketeer Influenced and Corrupt Organizations Act (RICO) laws are.”

WOEING: Dave Calhoun was hired to fix Boeing. Instead, ‘it’s become an embarrassment.’

“It’s been three years of ‘there’s no way Calhoun can stay at the helm,’” said Aboulafia, managing director of the consulting firm AeroDynamic Advisory. “But he seems to be staying at the helm … I do not get it.”

Boeing actually raised Calhoun’s total compensation in 2022, to $22.5 million, despite problems with the 777 program and quality control issues with the 787 that forced regulators to halt the company’s deliveries. Calhoun’s 2023 compensation has not yet been announced — Boeing typically reveals that information in April.

To be fair to Calhoun, he took over a company in deep distress following two fatal 737 Max crashes that landed the crucial plane in a nearly two-year-long grounding and put the company in a yearslong crisis. And the plane maker’s problems didn’t start there: The 1997 merger with McDonnell Douglas is widely cited as Boeing’s poisoned chalice. It was after the merger that the bean-counter executives began taking over, gutting the joint, and putting accountants into roles once held by engineers. Maximizing profit took precedence over quality. In the short term, margins improved. But in the long term, Boeing lost the plot.

Executives at Boeing, starting in the mid-aughts, “identified an industry with tons of cash flow, high barriers to entry and only two players,” Aboulafia said, referring to Boeing’s European rival, Airbus. “It’s a recipe for getting away with bad things.”

It takes a commitment to stay with what made a company great to avoid coasting into mediocrity but “getting away with bad things” works, too — if only for a little while.

EVERYTHING IS GOING SWIMMINGLY: More Americans Are Treating Their 401(k)s Like Cash Machines. “A record share of 401(k) account holders took early withdrawals from their accounts last year for financial emergencies, according to internal data from Vanguard Group. . . . Americans are dealing with conflicting financial forces. While hiring has been strong and workers’ earnings keep rising, the cost of groceries, child care and car insurance keeps climbing. More people are carrying heftier balances on their credit cards. Emergency distributions hit back-to-back record highs in 2022 and 2023, according to Vanguard, which administers 401(k)-type accounts for nearly five million people and published the data ahead of an annual report scheduled for June. The Internal Revenue Service allows withdrawals for hardship-related reasons, including preventing evictions and paying medical and tuition bills. People who take them from traditional accounts must pay income tax, plus often a 10% penalty if they are younger than 59½ years old. Nearly 40% of those who took a hardship distribution last year did so to avoid foreclosure, compared with 36% in 2022.”

EDITED BY RITA BEEMAN, WITH STORIES BY LEE ALLRED AND CEDAR SANDERSON:  Moggies in Space: A Galaxy Fur. Fur Away.

Here is yet another collection of tales about space floofs of the feline flavor. This compendium sports cosmic kitties doing more of what cats do, and entertaining us in the bundle: saving ships, crews, sometimes living together with dogs, and featuring at least one pesky litter that’s into everything and smarter than the grownups. Yeah. Total anarchy.

DARE TO BE: Uncouth,

THEY HAVE NO TRUCK WITH REALITY AND DON’T UNDERSTAND SECOND ORDER CONSEQUENCES. OR SOMETIMES FIRST ORDER. WHAT DO YOU THINK?  Elite Heaven or Real Hell on Earth?

YEAH, THEY SHOULD THINK OF THE INCENTIVES THEY’RE CREATING:  Separate.

DON’T GET COCKY:

That’s if the election were held now. It’ll be held in November, after plenty of time for shenanigans.