Jim’s Mailbox

Posted at 12:38 PM (CST) by & filed under Jim's Mailbox.

Jim,

In my opinion, the sad answer to the question would be no.

Dave

The College Admissions Scandal Is A Perfect Example Of How Deeply Corrupt America Has Become
March 14, 2019

Is there anything left in this country that has not been deeply tainted by corruption?

By now you have probably heard that dozens of people have been arrested for participating in a multi-million dollar college admissions scam.  Enormous amounts of money were paid out in order to ensure that children from very wealthy families were able to get into top schools such as Yale University, Stanford University, the University of Texas and the University of Southern California. And as The Economic Collapse blog’s Michael Snyder writes, we should certainly be disgusted by these revelations, but we shouldn’t be surprised.  Such corruption happens every single day on every single level of society in America.  At this point our nation is so far gone that it is shocking when you run into someone that actually still has some integrity.

The “mastermind” behind this college admissions scam was a con man named William Rick Singer.  He had been successfully getting the kids of wealthy people into top colleges for years using “side doors”, and he probably thought that he would never get caught.

But he did.

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Jim,

Looks like the revolving door between Big Business and Government.

Dave

Trump’s Defense Secretary Faces Ethics Complaint Over Boeing Promotion
March 13, 2019

A government watchdog group has asked the Department of Defense Inspector General to investigate whether Acting Secretary of Defense Patrick Shanahan violated ethics rules by promoting Boeing weapons systems while serving as a government official.

Shanahan, 56, worked at Boeing for more than 30 years prior to being tapped by President Donald Trump to serve as deputy secretary of defense under former Defense Secretary Jim Mattis. When Mattis submitted his resignation in December, Shanahan was named by Trump as acting defense secretary.

Since coming to the Pentagon, Shanahan has faced criticism over reports that he has touted Boeing’s line of aircraft over rival Lockheed Martin. In the fiscal year 2020 budget released Tuesday, the Air Force is set to purchase up to 80 F-15Xs over the next five years — a system, made by Boeing, that the Air Force has said it does not want.

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Jim,

What come first, the safety of the flying public or propping up the stock market with share buy backs?

Dave

Cancellation Chaos: $600 Billion In Boeing 737 Max Orders At Risk
March 14, 2019

New evidence shows that the Boeing Co. 737 MAX which crashed in Ethiopia on Sunday may have experienced similar technical difficulties as the 737 MAX that crashed off Indonesia last year. The Federal Aviation Authority (FAA) cited similarities with in-flight data of both planes when it spoke to global regulators about grounding the jet. With the company facing a pr disaster and loss of confidence with global airline carriers, there could be more than $600 billion in orders at risk of cancellation, reported Bloomberg.

VietJet Aviation JSC doubled its 737 MAX order last month to $25 billion, now the Vietnamese low-cost airliner is having second thoughts. Kenya Airways Plc is reviewing its contracts to purchase billions of dollars of the MAX and could even switch to Airbus SE’s rival A320. Russia’s Utair Aviation PJSC is expected to take delivery of 30 MAXs but wants to seek guarantees the planes are not defective.

 

 

 

 

 

 

 

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