Monday, April 22

Business

Boeing Faces Justice Dept. Review Over Max 9 Incident
Business

Boeing Faces Justice Dept. Review Over Max 9 Incident

Associated media - Connected media The Justice Department review was reported earlier by Bloomberg. The episode in January reignited the intense scrutiny and criticism that Boeing faced after crashes in Indonesia in late 2018 and Ethiopia in early 2019 killed a combined 346 people. The Max 8 and Max 9 were banned from flying globally days after the second crash. Since the jetliners started flying again in late 2020, they have carried out several million flights worldwide. The weight of the crisis appeared to be lifting before the January incident. A preliminary report from the National Transportation Safety Board suggested that the plane in that episode may have left Boeing’s factory without bolts needed to secure the panel. The Federal Aviation Administration immediately grounded ne...
FAA Gives Boeing 90 Days to Develop Plan to Address Quality-Control Issues
Business

FAA Gives Boeing 90 Days to Develop Plan to Address Quality-Control Issues

Associated media - Connected media The meeting on Tuesday, which took place at the F.A.A.’s headquarters in Washington, came two weeks after Mr. Whitaker toured Boeing’s 737 plant in Renton, Wash. During his visit, Mr. Whitaker spoke with Boeing engineers and mechanics to try to get a better sense of the safety culture at the factory. The F.A.A. said after his visit that Mr. Whitaker planned to discuss what he saw during his visit when he met with Boeing executives in Washington. On Monday, the F.A.A. released a report by a panel of experts that found that Boeing’s safety culture remained flawed, despite improvements made after fatal 737 Max 8 crashes in 2018 and 2019. The report, which was mandated by Congress, had been in the works before the harrowing episode in January involving ...
Center for Public Integrity Weighs Merger or Shutdown Amid Dire Financial Straits
Business

Center for Public Integrity Weighs Merger or Shutdown Amid Dire Financial Straits

Related media - Associated media “The board remains committed to C.P.I. and its essential mission, and is working hard to determine the best way forward for our journalism,” the nonprofit said in a statement. The financial peril facing the Center for Public Integrity threatens to extinguish a newsroom of about 30 journalists that has watchdogged powerful institutions for decades. Much of its funding has come from foundations interested in supporting investigative journalism, including the Knight Foundation and the Robert R. McCormick Foundation. As its reserves dwindle, its board of directors is contemplating drastic action to address the situation. The Center for Public Integrity explored a potential combination this year with The Markup, a nonprofit newsroom that publishes investig...
Inquiry Into Ouster of OpenAI’s Chief Executive Nears End
Business

Inquiry Into Ouster of OpenAI’s Chief Executive Nears End

Related media - Associated media WilmerHale, a prominent U.S. law firm, is close to wrapping up a detailed review of OpenAI’s chief executive, Sam Altman, and his ouster from the artificial intelligence start-up late last year, two people with knowledge of the proceedings said. The investigation, when complete, could give insight into what went on behind the scenes with Mr. Altman and OpenAI’s former board of directors, which fired him on Nov. 17 before reinstating him five days later. OpenAI, which is valued at more than $80 billion, has led a frenzy over A.I. and could help determine the direction of the transformative technology. Mr. Altman, 38, has told people in recent weeks that the investigation was nearing a close, the two people with knowledge of the matter said. The results...
Donna Summer’s Estate Sues Ye for Sampling ‘I Feel Love’
Business

Donna Summer’s Estate Sues Ye for Sampling ‘I Feel Love’

Connected media - Linked media When Ye and Ty Dolla Sign asked last month for permission to sample Donna Summer’s 1977 song “I Feel Love,” the disco singer’s estate firmly told them no. Yet when their joint LP, “Vultures 1,” was released weeks ago, a song with strong similarities to Summer’s famous tune was there on the track list. A copyright infringement lawsuit detailing that timeline was filed against Ye, the rapper once known as Kanye West, and Ty Dolla Sign on Tuesday by Summer’s husband and executor, Bruce Sudano. Summer, known as the “Queen of Disco,” had three consecutive double albums reach No. 1 in the late 1970s and died of cancer in 2012. The lawsuit, filed in federal court in Los Angeles, said that Summer’s estate “wanted no association with West’s controversial history...
U.S. Proposes New Rules to Ease Flying for Travelers in Wheelchairs
Business

U.S. Proposes New Rules to Ease Flying for Travelers in Wheelchairs

Connected media - Connected media The Biden administration announced on Thursday that it was proposing new regulations for how airlines must treat passengers in wheelchairs, an effort aimed at improving air travel for people with disabilities. Under the proposed rule, damaging or delaying the return of a wheelchair would be an automatic violation of an existing federal law that bars airlines from discriminating against people with disabilities. The Transportation Department said that change would make it easier for the agency to penalize airlines for mishandling wheelchairs. The proposed regulations would also require more robust training for workers who physically assist disabled passengers or handle their wheelchairs. “There are millions of Americans with disabilities who do not tr...
Biden Calls Chinese Electric Vehicles a Security Threat
Business

Biden Calls Chinese Electric Vehicles a Security Threat

Linked media - Linked media The Treasury Department has already proposed rules meant to limit China’s ability to supply materials for cars and trucks that qualify for a $7,500 electric vehicle tax credit included in Mr. Biden’s signature climate bill. The Commerce Department investigation announced on Thursday grew from a series of conversations that administration officials had with automakers last fall, after the settlement of a United Automobile Workers strike during which Mr. Biden stood with the union and joined a picket line. The carmakers told administration officials about the restrictions they faced selling in China, including on software. Biden aides began to grow concerned about what might happen if the United States did not impose similar restrictions on Chinese software,...
China’s Country Garden Faces Winding Up Petition In Hong Kong
Business

China’s Country Garden Faces Winding Up Petition In Hong Kong

Connected media - Linked media More than 50 Chinese property developers have defaulted on debts since 2021. They have refused to repay overseas creditors while still making arrangements with Chinese banks for possible eventual repayment. Many of these developers have shares listed on the Hong Kong stock market or have borrowed there, or both. But creditors face formidable obstacles in seeking to recover loans from Chinese real estate developers through petitions to the court system in Hong Kong, said Zerlina Zeng, the head of East Asia corporate credits at CreditSights, a global credit research firm. Most of the assets of Chinese developers are in mainland China, where courts might not recognize liquidation orders from Hong Kong. Even if mainland courts order liquidation sales of dev...
Yellen Urges Israel to Restore Economic Ties to West Bank
Business

Yellen Urges Israel to Restore Economic Ties to West Bank

Linked media - Associated media Since Hamas’s brutal Oct. 7 attack on Israel, the Israeli government has been withholding tax revenues that it collects on behalf of Palestinians. Traditionally, that money has been distributed back to the Palestinian Authority, which used it to fund its operating budget. Israel has previously frozen and then released that tax revenue during periods of conflict with the Palestinians. The White House national security communications adviser, John Kirby, said last month that President Biden had discussed with Mr. Netanyahu the need to ensure that the tax revenues were available to pay salaries for Palestinian security forces in the West Bank. Ms. Yellen said on Tuesday that she was encouraged that revenue was starting to make its way to the West Bank. Th...
Eye Ointments at CVS and Walmart Pulled Because of Infection Risk
Business

Eye Ointments at CVS and Walmart Pulled Because of Infection Risk

Connected media - Associated media “The products are being recalled due to lack of sterility assurance at the facility noted during an inspection conducted by the Food and Drug Administration,” the announcement said. It added that, as of Feb. 16, the company had not received any reports of adverse reactions related to these products. The products are intended to be sterile, the administrator said, because drugs applied to the eyes bypass some of the body’s natural defense systems. Other eye products have been recalled in recent months. In October, the F.D.A. advised consumers to stop using more than two dozen over-the-counter eyedrop products sold at stores including Target, CVS and Walmart after inspectors found unsanitary conditions at a manufacturing plant. Bacterial tests came ba...