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☆ Sterling, Virginia house explosion: 1 firefighter dead, 11 others injured – including 9 firefighters
▼ + stars: | 2024-02-16 | by ( Christal Hayes | Paradise Afshar | ) edition.cnn.com time to read: +1 min

CNN —A house exploded in Sterling, Virginia, Friday night as fire crews were inside, leaving at least one firefighter dead and at least 11 others injured, including nine other firefighters, officials say. The injured firefighters and two civilians were hospitalized after the blast, according to Loudoun County Fire and Rescue. ET “for an investigation” and were inside the home when it exploded, according to James Williams, the department’s assistant chief of operations. “This is a time where we need to support each other and hold each other up.”Officials say firefighters were inside the home when it exploded. Sterling is about 20 miles northwest of Arlington and is less than 5 miles north of the Washington Dulles International Airport.

Persons: James Williams, Williams, ”, Sterling, “, ” John Padgett Organizations: CNN, Loudoun County Fire, Firefighters, ”, WUSA, Washington Dulles International Locations: Sterling , Virginia, Loudoun County, Arlington

WASHINGTON (AP) — The Senate's border proposal was one of the toughest bipartisan bills to emerge on the issue in decades. Republicans have campaigned on border security for years, and public frustration is running high with the record number of illegal U.S. border crossings. Cruz’s likely Democratic opponent, Texas Rep. Collin Allred, said he’s already talking about the border deal on the campaign trail. Murphy agreed that Democrats should remain committed to broad immigration reforms, including pathways to citizenship for migrants who are already here. But he argued that may only be possible once Democrats first show voters they are serious about tough border enforcement.

Persons: —, Donald Trump, Chuck Schumer, “, Tom Suozzi, Schumer, New York “, Joe Biden, Biden, Sen, John Cornyn, Republicans aren’t, ”, Suzan, ” Schumer, Mike Johnson, ” Trump, He's, Republican Sen, James Lankford, Trump, Ted Cruz, Cruz, Mitch McConnell, Cruz’s, Collin Allred, he’s, ” Allred, doesn’t, Lois Clinco, “ I’m, Clinco, Connecticut Sen, Chris Murphy, Ro Khanna, ” Khanna, John F, Kennedy, Barack Obama, Todd Schulte, Murphy, Lisa Mascaro, Philip Marcelo Organizations: WASHINGTON, Republican, Republicans, Democratic, Texas Republican, Trump, Washington Democrat, Border Patrol, Democrats, Texas, Texans, New, New York City —, Rep, California Democrat, Associated Press Locations: New York, Texas, South Carolina, Long, Levittown, New York City, Connecticut, United States, California, America, Levittown , New York

☆ Washington D.C. is the 'loneliest city' in America for the second year in a row, says new Chamber of Commerce data
▼ + stars: | 2024-02-14 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

More than 37 million Americans live alone or about 29% of all U.S. households, according to data from the U.S. Census Bureau American Community Survey. The covid-19 pandemic helped accelerate the rise of solo living, with 2.4 million more people living alone today than in 2019. The report looked at the number of one-person households in each city as well as the number of males and females living in one-person households. Data from the American Community Survey was not available for 2020 due to the covid-19 pandemic. Data for the following cities was not available for 2022, so they were omitted from the analysis: Macon, Georgia; Louisville, Kentucky; Columbus, Georgia; Spokane Valley, Washington and Rancho, California.

Organizations: U.S . Census, American Community Survey, Commerce, American, Survey Locations: U.S, America —, Macon , Georgia, Louisville , Kentucky, Columbus , Georgia, Spokane Valley , Washington, Rancho , California

☆ Analysis: Pakistan’s youth deliver stinging rebuke to military elite by backing jailed leader Khan
▼ + stars: | 2024-02-12 | by ( Sophia Saifi | Rhea Mogul | ) edition.cnn.com time to read: +9 min

Islamabad, Pakistan CNN —His political party is effectively banned, his speeches are barred from television, and he faces at least 14 years in prison. But as the Pakistan election results show, Imran Khan cannot be suppressed. Independent candidates affiliated with the former prime minister’s Pakistan Tehereek-e-Insaf (PTI) party secured the most parliamentary seats in last week’s nationwide election, the election commission announced Sunday. “Now show the strength of protecting your vote.” Khan’s team has previously used AI to deliver his speeches from behind bars. Akhtar Soomro/Reuters/FileWhen he rose to power in 2018, it was, according to analysts, with the backing of the military.

Persons: Pakistan CNN —, Imran Khan, Khan, “, ”, Khan’s, –, Hashim Ali Dogar, Shayan Bashir Nawaz, Raoof Hassam, Madiha Afzal, Akhtar Soomro, Rabiya Arooj, Nawaz Sharif, Husain Haqqani, Anwar Gargash, Manahil Ahmed, Sharif, Bilawal Bhutto Zardari, Sundas Kalsoom, Insaaf, Gohar Ali Khan, Hasham Ahmed, Fahd Humayun Organizations: Pakistan CNN, Independent, PTI, CNN, Foreign, Brookings Institution, Pakistani, United, Hudson Institute, Washington D.C, Getty, Haqqani, Political, Neubauer, Tufts University, “ Locations: Islamabad, Pakistan, Lahore, “, Punjab, Washington, Imran Khan Pakistan, British India, It’s, United States, Pakistani, Abu Dhabi, Peshawar, Buner, AFP, Egypt

☆ Boeing Disaster Proves Americans Businesses Greedy Mentality Is Broken
▼ + stars: | 2024-02-11 | by ( Linette Lopez | ) www.businessinsider.com time to read: +16 min

They expose decades of American corporate philosophy gone awry. A good American company isn’t just a vehicle for financial returns; it is first and foremost an employer, a contributor to economic and/or technological innovation, and a source of US power. But it’s clear that what Boeing — and the entire American corporate body politic — needs is nothing short of a philosophical counterrevolution. Over these three decades of plenty for Boeing’s shareholders, the company’s staff was asked to penny-pinch. Boeing’s stock cratered, and France’s Airbus , a rival once colloquially known as “Scare Bus,” started to eat the American company’s lunch .

Persons: it’s, could’ve, William Lazonick, “, It’s, won’t, William McGee, T.A, Wilson, Frank Shrontz, Max, Peter Robison, —, ”, Dave Calhoun, we’ve, Scott Kirby, hasn’t, “ We’re, Lazonick, wasn’t, Milton Friedman, Michael Jensen, Jensen, nary, Jack Welch, Welch, Wall, ” Lazonick, We’ve, Mary Barra, ” McGee Organizations: Alaska Airlines, Boeing, Investments, University of Massachusetts, ”, NASA, Airbus, Alaska Airlines Max, Wall, United Airlines, Federal Aviation Administration, CNBC, Washington, University of Chicago, Electric, Wall Street, GE, Dow Jones, Securities and Exchange Commission, Reality Labs, Deutsche Bank, Business, General Motors, United Auto Workers, Companies, GM, & $ Locations: Washington, America

☆ Amelia Earhart's relative says new sonar images could be aviator's vanished plane
▼ + stars: | 2024-02-10 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

Read previewA relative of Amelia Earhart agrees that a recent sonar image could show the iconic pilot's long-vanished aircraft. It sure looks like a plane," Kleppner told The Times of London. AdvertisementEarhart and Noonan likely disappeared about 100 miles from Howland Island, near the site of the sonar images. Romeo and his team hope to retrieve the Electra from a depth of 16,400 feet if it proves to be Earhart's plane. AdvertisementThere's no guarantee it's been found, expert saysA map of the location where Earhart's plane is believed to have gone missing along her presumed flight path.

Persons: —, Amelia Earhart, Bram Kleppner, Amelia Earhart's, Earhart, Fred Noonan, Kleppner, Amy Kleppner, Amelia, who's, Tony Romeo, Romeo, it's, Lockheed Electra, Noonan, we've, Katherine Tangalakis, David Jourdan, Andrew Pietruszka, Jourdan Organizations: Service, Business, Times, Lockheed, Smithsonian Museum, Washington DC, Bettmann, US Air Force, Street Journal, Electra, Getty, CNN, Scripps Institution of Oceanography Locations: London, Atchinson , Kansas, Washington, Howland Island, California

☆ Office-to-residential conversions have surged 357% since 2021 as billions in commercial mortgages come due
▼ + stars: | 2024-02-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Office-to-residential conversions are up 357% since 2021, according to a report from ResiClubThere's $150 billion in office mortgages set to come due in 2024. Last year, about $541 billion of commercial real estate debt officially matured. AdvertisementBy 2027, $2.2 trillion of commercial real estate debt is set to mature, Capital Economics said. ResiClub cofounder Lance Lambert pointed out that commercial buildings aren't all designed or constructed to be repurposed as living spaces. "It makes sense given the wave of expired leases and vacant office buildings," Lambert said.

Persons: —, Moody's, CommercialEdge, Lance Lambert, Lambert, " Lambert Organizations: Service, ResiClub, Federal Reserve, Washington DC, Dallas, Research, Capital Economics, Business Locations: RentCafe, ResiClub, Washington, New York

“This is the pinnacle,” Williams said about playing the Kansas City Chiefs for a championship on Sunday. The way these last four years went for me, I’m super grateful.”Williams career has been revitalized since he arrived in San Francisco in 2020, after sitting out the previous season in Washington. But he’s a guy I’m not shy doing that about because he’ll be there and he should be there first ballot. Williams said the offensive line fined him when he first got the extra locker but everyone knows he's worthy of it. Williams knows he’s far closer to the end of his career than the beginning, but he’s not quite ready to hang it up and retire.

Persons: HENDERSON, — Trent Williams, ” Williams, “, I’m, Williams, ”, John Lynch, he’ll, I’ve, Christian McCaffrey, Fred Warner, he’s, “ I’m Organizations: Fame, Pro, San Francisco 49ers, Super, Kansas City Chiefs, Niners, Kansas City, of Fame, Pro Football Locations: Nev, Washington, San Francisco, “

☆ Appeals court denies Trump immunity in January 6 case
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAppeals court denies Trump immunity in January 6 caseCNBC's Eamon Javers reports on the latest news from Washington D.C.

Persons: Trump, Eamon Javers Organizations: Washington D.C

☆ The real June Hawkins from 'Griselda' served as a consultant on the Netflix show. Here's where she is today.
▼ + stars: | 2024-02-06 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

June Hawkins is a Miami PD analyst in "Griselda," the Netflix series starring Sofia Vergara. The real Hawkins worked in homicide for the Miami PD and consulted on the show. The real Hawkins-Singleton served as a consultant on "Griselda," working with her husband (and former colleague) Alan Singleton to recall the events of her investigation into Blanco, she told People. Hawkins-Singleton told Tudum that she only met Blanco once, and it was after she had stopped working on homicide. "Those lunches and those meetings with Smitten became the way we rekindled," Hawkins-Singleton told People.

Persons: Hawkins, Griselda, Sofia Vergara, Blanco, She's, —, Griselda Blanco's, Singleton, née Hawkins, Juliana Aidén Martinez, Alan Singleton, there's, Doug Miro, Vanity, Singleton's, Miro, Eric Reynolds, Elizabeth Morris, Netflix Hawkins, Tudum, Richard, Alan Organizations: Netflix, Miami PD, Service, Miami Police Department, Boynton Beach Police Department, Miami Locations: Miami, Cuba, Florida, Washington, Nashville

LOS ANGELES (AP) — After two years of his popular Las Vegas residency at Park MGM, releasing his first solo album in eight years, and headlining the 2024 Super Bowl halftime show, Usher will embark on a North American tour. The R&B-pop icon will embark on his 24-city “Past Present Future" tour beginning Aug. 20 at the Capital One Arena in Washington D.C. It will hit many major cities in North America before concluding in Chicago at United Center on Oct. 29. Usher will take on the Super Bowl on Sunday at Las Vegas' Allegiant Stadium. In his first Super Bowl performance, he descended from the stadium ceiling to perform “OMG” in Arlington, Texas.

Persons: Usher, Verizon presale, will.i.am, ” Usher Organizations: ANGELES, Las, Park MGM, Capital, United Center, Citi, Verizon, Associated Press Locations: Las Vegas, American, Washington, North America, Chicago, Baltimore, Boston, Philadelphia, Toronto, Brooklyn, N.Y, Detroit, Denver, Los Angeles, Oakland, Calif, Dallas, Austin , Texas, Miami, Atlanta, Charlotte, N.C, Louis, LiveNation.com, Arlington , Texas

☆ Opinion | The G.O.P. Bumper Sticker: Trump First. Putin Second. America Third.
▼ + stars: | 2024-02-06 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +2 min

Every so often there is a piece of legislation on Capitol Hill that defines America and its values — that shows what kind of country we want to be. Will America carry the red, white and blue flag into the future — or just a white flag? Given the pessimistic talk coming out of the Capitol, it is looking more and more like the white flag — autographed by Donald Trump. bumper sticker: Trump First. … The hard-core MAGA wing represents a minority within a minority, yet our institutional rules permit them to veto decisions clearly favored by a majority of Americans.”

Persons: America, Donald Trump, ” “, Vladimir Putin, Trump, Today’s, Putin, Francis Fukuyama, “, ” Organizations: Capitol, Washington, Republican Party, ” “ Trump, America, Purpose, MAGA Locations: America, Ukraine, Taiwan, Israel, United States

☆ In El Salvador, self-styled ‘world’s coolest dictator’ Nayib Bukele heads for re-election amid human rights concerns
▼ + stars: | 2024-02-03 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +15 min

Employees of the Supreme Electoral Tribunal load boxes containing electoral material for the presidential and legislative elections at the Electoral Organization Directorate in San Marcos, El Salvador, on February 2, 2024. He adopted Bitcoin as legal tender in El Salvador in 2021 and invited the tech-bros of the world to surf in the Pacific. Under Bukele, El Salvador’s homicide rate has plummeted. So, while El Salvador no longer faces record murder rates, it now boasts the highest incarceration rate in the world. Camilo Freedman/AFP/Getty ImagesA tale of two victimsJackelyne Zelaya does not see the enduring state of emergency as a problem.

Persons: Jocelyn Zelaya, ”, Jackelyne, ” Jackelyne Zelaya, Marcela, Jocelyn, Mara Salvatrucha, Zelaya, “, isn’t, Nayib, Yuri Cortez, Bukele, El, Camilo Freedman, Jackelyne Zelaya, won’t, Maria, tipster, Marvin Reyes, EFE, Guillermo Villatoro, Villatoro, Salvadorean Sandra Hernandez, Jose Dimas Medrano, Stringer, ‘, ’, Ilhan Omar, Samuel Rodriguez of MOVIR, “ Bukele, Daniel Noboa, Latinobarometro, she’s, Maria ’, ” Maria Organizations: CNN, World Bank, El, Employees, Electoral, Getty, FMLN, Civil, Justice Department, Army, “, Congress, Police, National Police, Security Ministry, Human Rights, Democratic, Barrios, Washington DC Locations: San Salvador, Zelaya, El Salvador, American, San Marcos, AFP, America, Latin America, United States, New York, El Salvador’s, Santa Ana, El Rosario, Honduras, WOLA, Washington, Ecuador, El

☆ U.S. retaliatory strikes start in Iraq and Syria in first response to Jordan drone attack
▼ + stars: | 2024-02-02 | by ( Dan De Luce | ) www.cnbc.com time to read: +4 min

The United States launched attacks in the Iraq and Syria on Friday, its first retaliatory strikes for the killing of three American soldiers, according to an official at the Department of Defense. American forces are expected to hit targets in different countries outside Iran, U.S. officials said. Their calibrated statements appeared to indicate that it was unlikely the reprisal strikes would hit targets inside Iran itself. There have been more than 160 attacks on U.S. forces by Iran-backed groups since Oct. 7, according to the Pentagon. In recent weeks, the U.S. military also carried out strikes against Houthi forces in Yemen, hitting launch sites and command centers.

Persons: Lloyd Austin, Joe Biden, Biden, Austin, Ebrahim Raisi, Hossein Organizations: US, Pentagon, United, Department of Defense, NBC News, U.S, Gaza . U.S . Navy, Navy, Iran's Revolutionary Guard Locations: Washington ,, United States, Iraq, Syria, Iran, Israel, U.S, Jordan, Washington, Tehran, Gaza, Yemen, Aden, Gaza . U.S, Iranian, Persian, American

The Washington Commanders have an agreement with Dallas Cowboys defensive coordinator Dan Quinn to hire him as coach, according to two people with knowledge of the decision. Quinn, 53, spent the past three seasons running the defense for the NFC East-rival Cowboys after five-plus seasons coaching the Atlanta Falcons. Quinn coached the Falcons to a Super Bowl appearance in 2016 before being fired after an 0-5 start in 2020. He became Washington’s choice after Lions offensive coordinator Ben Johnson, considered a top candidate, told teams Tuesday he was staying with Detroit and the Seahawks hired Baltimore defensive coordinator Mike Macdonald. Macdonald going to Seattle made Quinn the front-runner, and he got the job over the likes of Detroit defensive coordinator Aaron Glenn and Baltimore assistant Anthony Weaver.

Persons: Dan Quinn, Quinn, Ben Johnson, Mike Macdonald, Peters, Eric Bieniemy, that's, Rivera, Jack Del Rio, handpick, Johnson, Macdonald, Aaron Glenn, Anthony Weaver, Pete Carroll, William & Mary, hasn’t, Quarterback —, Washington —, Sam Howell, Carolina’s Drake Maye, ___ Organizations: Washington Commanders, Dallas Cowboys, Associated Press, NFC, Cowboys, Atlanta Falcons, Falcons, Lions, Seahawks, Baltimore, NFL, Dallas, NFC East, Atlanta, The Falcons, New England Patriots, William &, Virginia Military Institute, Hofstra, San, New York Jets, Florida Locations: Detroit, Washington, Seattle, Baltimore, New Jersey, San Francisco

☆ US Needs to Build Marshall Islands' Trust Over Cold War Nuclear Dump -US Agency
▼ + stars: | 2024-01-31 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

The U.S. conducted 67 nuclear bomb tests on the Marshall Islands from 1946 to 1958. In the late 1970s it deposited radioactive soil and debris from six of the islands into an unlined crater created by one of the tests. The Department of Energy, which in the report concurred with the recommendation, did not immediately respond to a request for comment. The Marshall Islands embassy in Washington did not immediately respond to a request for comment. It also examines radioactive contamination in Greenland resulting from U.S.

Persons: Timothy Gardner WASHINGTON, Tom Carper, Timothy Gardner, David Brunnstrom, Leslie Adler Organizations: U.S, Office, U.S . Congress, RMI, Department of Energy, DOE, GAO, Marshall, Democrat Locations: U.S, Republic, Marshall, Washington, Spain, Greenland

WEST PALM BEACH, Fla. (AP) — The Messenger, an ambitious online news site that billed itself as a nonpartisan digital outlet and spent some $50 million ratcheting up its business effort, abruptly shut down Wednesday after only eight months in operation. In his email, Finkelstein said he hadn't shared the news with employees earlier because he had been trying desperately to raise enough funds to become profitable “literally until earlier today." “We exhausted every option available,” Finkelstein wrote, saying he was “personally devastated.”The Messenger website carried only its name and an email address Wednesday night. Planned cuts also have sparked walkouts by employees at other venues, including the New York Daily News and Forbes magazine. The Messenger was launched last May and spent heavily — some would say excessively, given the current media climate — in hopes of becoming a media heavyweight.

Persons: Jimmy Finkelstein, Finkelstein, hadn't, ” Finkelstein, “, ambitiously, Critics, Jonah Peretti, he'd, ” Organizations: The New York Times, Los Angeles Times, Sports Illustrated, Business, New York Daily News, Forbes, Associated Press, Washington D.C Locations: BEACH, Fla, New York, Washington, Florida

☆ Iran shows it can unleash its own deadly drone war against US troops
▼ + stars: | 2024-01-30 | by ( Paul Iddon | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In its Sunday attack on a US outpost in Jordan, Iran and its militia allies showed they have the suicide drone technology to defeat US air defenses. The drone struck Tower 22 near Jordan's border with Syria, killing three US service personnel and injuring over 40 . Planet Labs PBC/Handout via REUTERSSunday's attack wasn't the first time these militias have used such drones against American troops. Advertisement"The drone was deployed at the same time as a returning US military drone, allowing it to approach undetected," Rogers said.

Persons: —, James Rogers, Arash Azizi, Azizi, Houthis, Rogers, IRGC, Qassem, Soleimani, Samad, Biden, Ceng Sagnic, Sagnic Organizations: Service, Business, White, of, Clemson University, Iran's, Islamic Revolutionary Guard Corps, Planet Labs, Handout, REUTERS, Force, TAM, C Locations: Jordan, Iran, Jordan's, Syria, Iraq, Russia, Ukraine, Tehran, Yemen, Lebanon, Erbil, Iraqi Kurdistan, Baghdad

Duterte also accused Marcos of being a drug addict. He has not commented on Duterte’s claim about lifting term limits, under which the president can serve only a single six-year term. The Philippine Drug Enforcement Agency said Monday that Marcos was never on such a list, contrary to Duterte’s claim. Early last year, Marcos allowed an expansion of the U.S. military presence in the Philippines under a 2014 defense pact. Marcos led his own rally Sunday at a seaside park in Manila, which police said drew about 400,000 people after nightfall.

Persons: —, Rodrigo Duterte, Fernando Marcos Jr, Marcos, Ferdinand Marcos, Duterte, Martin Romualdez, Duterte’s, Sara, Marcos ’, who’s, ” Duterte, Xi Jinping, Vladimir Putin, ” Marcos, “ Organizations: Criminal, Philippine Drug Enforcement Agency, U.S Locations: MANILA, Philippines, Philippine, Davao city, Washington, China, South China, Manila

☆ Austin experimented with giving people $1,000 a month. They spent the no-strings-attached cash mostly on housing, a study found.
▼ + stars: | 2024-01-28 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

A guaranteed basic income program in Austin gave people $1,000 a month for a year. AdvertisementA guaranteed basic income plan in one of Texas's largest cities reduced rates of housing insecurity. Austin was the first city in Texas to launch a tax-payer-funded basic income program when the Austin Guaranteed Income Pilot kicked off in May 2022. On average, program participants spent more than half of the cash they received on housing, the report's authors wrote. Harris County, which includes Houston, earlier this month launched a guaranteed basic income program that gives low-income residents up to $500 a month.

Persons: —, Austin, Taniquewa Brewster, KXAN, it's, Sen, Paul Bettencourt, Bettencourt, Tonaeya Moore Organizations: Service, Austin, Urban Institute, Washington DC, NBC, Houston Chronicle, Baltimore Young Locations: Austin, Texas, City, Washington, Houston, Harris County, United States, Baltimore

☆ The rental market is getting out of hand, with millions of Americans spending the majority of their paychecks on housing
▼ + stars: | 2024-01-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

In today's big story, we're looking at how much Americans spend on rent and why cheap properties are so hard to come by. And now a new Harvard study demonstrates how costly the rental market has become, Business Insider's Pete Syme writes. Harvard's Joint Center for Housing Studies estimated 12.1 million American households spend more than half their income on rent and utilities. That number grows to 22.4 million households for those spending more than 30% of their income on rent and utilities. Meanwhile, experts predict the housing market will reverse course this year as housing inventory increases and mortgage rates fall.

Persons: —, Tom Williams, Pete Syme, BI's Eliza Relman, Juliana Kaplan, There's, that's, Angela Ostafichuk, Justin Sullivan, Mario Tama, Tesla, Elon Musk, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Business, Getty, Harvard, for Housing Studies, BI, Apple, Alaska Airlines, Boeing, American Express, Hyundai, Brands, Dolce, Gabbana Locations: Capitol, Washington, That'll, New York, London

☆ Before part of an Alaska Airlines plane blew off, Boeing had removed and adjusted it, reports say
▼ + stars: | 2024-01-25 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

Boeing and Spirit AeroSystems are under multiple investigations that probe their safety policies and procedures. Boeing said it couldn’t comment on the reports about what may have led to the door plug blowing off the plane, citing the ongoing investigation. The process also includes tightening fasteners and performing “detailed inspections of…dozens of associated components.”FAA on Sunday also required airlines to ensure older Boeing 737 planes with similar door plugs were secure. The FAA said airlines operating the Boeing 737-900ER model should visually inspect the planes but didn’t require them to be grounded. Two Max variants — the Max 7 and the Max 10 — are still awaiting approval to begin carrying passengers.

Persons: Max, AeroSystems, Washington Democratic Sen, Maria Cantwell, ”, David Calhoun, Jennifer Homendy, Ben Minicucci, Lester Holt, Mike Whitaker, Whitaker, “, —, Wells Organizations: New, New York CNN, Boeing, Alaska Airlines, New York Times, Seattle Times, Federal Aviation Administration, National Transportation Safety, Washington Democratic, Senate, US National Transportation, ” Boeing, Max, NBC, FAA, ., Sunday Locations: New York, . Airlines, Alaska, United, Indonesia, Ethiopia

☆ The real estate market is a 'slow moving train wreck' as experts warn of a looming $700 billion default
▼ + stars: | 2024-01-25 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

Read previewThe US economy may be going strong, but the commercial property market is still in trouble. AdvertisementA $2.2 trillion mountain of commercial real estate debt is expected to mature by 2027, bringing a wave of potential distress as landlords refinance buildings at much higher rates. According to McDonald, the trillions in real estate debt barreling toward maturity, along with a $1.9 trillion pile of corporate debt, will force the Fed to cut rates this year. "Covid changed how people work [...] and then interest rates ran up very rapidly. Lower interest rates will save some buildings, some property owners, but not a majority of them.

Persons: —, Larry McDonald, McDonald, Don Peebles, Peebles, Covid Organizations: Service, Business, Fox Business, Washington D.C, Peebles Corporation Locations: Washington, New York City

☆ Boeing Faces Backlash From Airline Chiefs
▼ + stars: | 2024-01-24 | by ( Bernhard Warner | More About Bernhard Warner | ) www.nytimes.com time to read: +1 min

Airline bosses on both sides of the Atlantic are lashing out at Boeing over a number of recent safety and production issues — loose bolts, a discarded wrench found under the floorboards, delayed shipments — as the crisis over the aircraft maker’s 737 Max 9 shows little sign of ending soon. Boeing’s stock has fallen nearly 15 percent since Jan. 5, when a door plug flew off a Max 9 during an Alaska Airlines flight shortly after takeoff. The Federal Aviation Administration grounded some Max 9 jets until they were inspected and said it would investigate whether Boeing failed to ensure that the plane was safe. (Here’s an explanation from The New York Times about how the door panel may have flown off that Alaska plane.) Ms. Cantwell said last week that she planned to hold hearings on the Max 9 groundings.

Persons: Max, Dave Calhoun, Maria Cantwell, Cantwell, groundings Organizations: Boeing, Alaska Airlines, Federal Aviation Administration, New York Times, Washington Democrat, Commerce Locations: Alaska, Washington

New York CNN —Boeing CEO David Calhoun’s Wednesday was decidedly a mixed bag: The Federal Aviation Administration finally approved a set of inspection criteria for the 171 grounded 737 Max 9 planes that, if followed, could return the aircraft to service. And the FAA said it would not grant any production expansion of the 737 Max lineup while its safety probe of Boeing continues. “We fly safe planes,” Calhoun said to reporters assembled on Capitol Hill. A week earlier, Calhoun acknowledged the company made a “mistake” at a staff-wide safety meeting, but he did not specify what that mistake was. Two Max variants — the Max 7 and the Max 10 — are still awaiting approval to begin carrying passengers.

Persons: David Calhoun’s, Max, Mike Whitaker, United, Whitaker, ”, “, Mr, Calhoun, ” Calhoun, Washington Democratic Sen, Maria Cantwell, ” Cantwell, Jennifer Homendy, —, Wells Organizations: New, New York CNN, Boeing, Federal Aviation Administration, FAA, Alaska Airlines, Airlines, Washington Calhoun’s, Washington, Capitol, Washington Democratic, Senate, National Transportation Safety Locations: New York, Alaska, United, Washington, Wells, Indonesia, Ethiopia

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