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☆ Opinion | What We Celebrate When We Celebrate the Fourth of July
▼ + stars: | 2023-07-04 | by ( Bret Stephens | ) www.nytimes.com time to read: +1 min

In the spring of 1859, Abraham Lincoln was invited by a committee of Boston Republicans to attend a festival in honor of Thomas Jefferson’s birthday. Instead, he sent a letter that explains, perhaps better than anything else Lincoln wrote except for the Gettysburg Address, what it is that we celebrate when we celebrate the Fourth of July. Lincoln began by noting a historical irony: Roughly 70 years earlier, America’s two main political parties had gotten their start. The Democrats of his day held “the liberty of one man to be absolutely nothing, when in conflict with another man’s right of property,” Lincoln wrote. “Republicans, on the contrary, are for both the man and the dollar, but in cases of conflict, the man before the dollar.”

Persons: Abraham Lincoln, Thomas Jefferson’s, Lincoln, “, ” Lincoln, John C, Calhoun, Stephen Douglas Organizations: Boston Republicans, Gettysburg, Democratic, Republicans, Federalists, “ Republicans

☆ Should the U.S. government pay reparations for slavery and its legacy?
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +10 min

The poll found that 74% of Black Americans favor reparations compared to just 26% of white Americans. A divided America Views on whether the U.S. government should provide some form of reparations for slavery and its legacy are split along party and racial lines. They also say it’s wrong to have taxpayers finance reparations, given that no one alive today is responsible for slavery. In April 2021, Gohmert went on the attack by proposing an amendment calling for the Democratic Party to pay for reparations. In the slavery era, the Democratic Party supported slavery; the Republican Party, led by Abraham Lincoln, called for slavery’s restriction and eventually abolished it.

Persons: –, Elizabeth Warren, Chris Van Hollen, Lloyd Doggett, Tommy Tuberville, John N, Kennedy, Louie Gohmert, ”, Black, Robert Lindsay, Gohmert, Abraham Lincoln, Lindsay, Valentine, ” Tuberville, “, Tuberville, Valentine Brazil, Nathan Calhoun, ” Kennedy, Nathan Calhoun’s, Dabney P, Calhoun, John Crawford, ’ Warren, Warren, – Crawford, Crawford, ” Warren, Isaac Hollingsworth, ’, Van Hollen, ” Van Hollen, Miller Doggett, Doggett, ” Doggett, Jim Crow, Tom Bergin, Makini Brice, Nicholas P, Brown, Donna Bryson, Lawrence Delevingne, Brad Heath, Andrea Januta, Gui Qing Koh, Tom Lasseter, Grant Smith, Maurice Tamman, Catherine Tai Design, John Emerson, Jeremy Schultz, Blake Morrison Organizations: Black, Reuters, –, 117th, U.S ., Louie Gohmert Former U.S, Representative, Republican, Democratic Party, Republican Party, Vigilance, Kennedy U.S, Massachusetts Democrat, Senate, Chris Van Hollen U.S, Maryland, Lloyd Doggett U.S, H.R, Texas Democrat Locations: United States, America, U.S . Civil, Louie Gohmert Former, Texas, Europe, Bowie County , Texas, Boston, Bowie County, Alabama, Valentine Brazil, Nevada, Tuberville, Saline County , Arkansas, Brazil, Ouachita, Louisiana, Abbeville , South Carolina, Massachusetts, Dorchester County , Maryland, Maryland, Virginia, Tennessee

☆ Opinion | There Is a Reason Ron DeSantis Wants History Told a Certain Way
▼ + stars: | 2023-05-20 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +2 min

Ron DeSantis of Florida has signed another bill that limits classroom instruction on racism and racial inequality. It’s an interesting book, filled with compelling information about the racism that has shaped the teaching of American history. But I mention it here because, in one section on Southern textbook writers and the demand for pro-slavery pedagogy, Yacovone relays a voice that might sound awfully familiar to modern ears. As Yacovone explains, pre-Civil War textbook production was dominated by writers from New England. Part of the reason for Southern elite frustration, and the reason they wanted history textbooks tailored to their views, was the rise of pro-slavery ideology among slaveholders whose lives and livelihoods were tied to the institution.

Boeing shares rose 2.5% in early afternoon trade after the company reaffirmed its plans to generate $3 billion to $5 billion in free cash flow this year, as well as deliver 400 to 450 737 MAXs and 70 to 80 787 Dreamliners. Deliveries will increase to about 40 MAXs a month during the back half of the year, he said. Reuters reported earlier this month that Boeing's schedule called for suppliers to produce 38 737 MAXs a month from June. Reuters GraphicsBoeing's first-quarter cash burn slowed to $786 million from $3.57 billion a year earlier on higher jet deliveries. Reporting by Abhijith Ganapavaram in Bengaluru and Valerie Insinna in Washington; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ The CEO of Boeing missed a 2022 goal and did not get a $7 million bonus — but he still made $22.5 million
▼ + stars: | 2023-03-06 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Boeing CEO David Calhoun lost out on a $7 million bonus in 2022 for missing one of his goals. But he still made $22.5 million in 2022. In February, Boeing approved a $5.3 million incentive to encourage Calhoun to stay and lead the company. Despite the delay, Calhoun still received $22.5 million in total compensation for 2022 — this is 6.6% higher than the $21.1 million he received for 2021, per Boeing. Calhoun took over the CEO position at Boeing in January 2020 — two months before the World Health Organization declared the COVID-19 outbreak a global pandemic.

☆ Boeing CEO Calhoun just missed out on a $7 million bonus. But he still got a raise
▼ + stars: | 2023-03-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —Boeing CEO David Calhoun missed out on a $7 million bonus last year, but still got a raise. Boeing’s proxy filing Friday disclosed that when Calhoun started as CEO of Boeing in January of 2020, the board gave him a $7 million bonus package if he completed a list of goals by the end of 2023. Because of that, the company’s filing said Calhoun will not get the $7 million. And in February the board awarded Calhoun 25,000 shares of Boeing stock as a retention bonus. In May last year, Michael O’Leary, CEO of Ryanair — Europe’s largest discount carrier, which has ordered nearly 400 jets from Boeing since 2010 — let loose a profanity-laced criticism of Boeing management.

☆ Boeing Board Denies CEO David Calhoun a Performance Bonus
▼ + stars: | 2023-03-03 | by ( Andrew Tangel | ) www.wsj.com time to read: 1 min

Boeing Co.’s board of directors declined to award Chief Executive David Calhoun a $7 million performance bonus, citing delays with Boeing’s new 777X jetliner. The Arlington, Va.-based plane maker has said the large wide-body plane won’t be delivered to customers until 2025. Among Mr. Calhoun’s goals when he became CEO in January 2020 was to get the 777X approved by regulators and into airline service by the end of 2023, while ramping up production and deliveries.

Calhoun was Boeing chairman and then became CEO in January 2020 after the board fired Dennis Muilenburg. In 2021, the board approved a long-term incentive award target of $16 million. In April 2021, Boeing extended its required retirement age of 65 to 70 to allow Calhoun to stay in the top job. The award to Calhoun comes just weeks after Boeing reported its first yearly positive cash flow since 2018. Boeing hopes to increase cash flow from $2.3 billion in 2022 to between $3 billion and $5 billion in 2023.

Boeing has 138 737 MAX airplanes in inventory for Chinese carriers but has been unable to deliver them amid U.S. China geopolitical tensions. Calhoun said last week China will "need the MAX" to meet demand. So then we try to move down that path and then hopefully, hopefully we get a robust pipeline in China as well." In September, Calhoun said Boeing would begin to remarket some 737 MAX jets earmarked for Chinese customers. Calhoun said last week that effort to remarket planes was on pause "until we understand completely where China wants to go."

In recent years, researchers have looked for supplements, in particular to data like JOLTS, to provide more nuance about job market dynamics. "When JOLTS came along it was stepping into a data void that it has done a good job of filling. An expanded JOLTS survey may get directly at that and other issues in the future, said Paul R. Calhoun Jr., who was involved with developing the survey in the 1990s and is its current manager. "You got all these job openings," Calhoun said. "We had the unemployment rate, so we knew how many people there are who are looking for work and don't have a job.

☆ Watch CNBC's full interview with Boeing CEO Dave Calhoun on earnings
▼ + stars: | 2022-10-26 | 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 EmailWatch CNBC's full interview with Boeing CEO Dave Calhoun on earningsBoeing CEO Dave Calhoun joins CNBC's Phil LeBeau and the 'Squawk on the Street' team to discuss the company's third-quarter earnings report, which fell short of Wall Street's expectations on Wednesday. Calhoun explains what drove a $2.6 billion charge in the company's defense unit and also discusses the airplane maker's relationship with China.

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