Tuesday, October 29, 2024

Boeing strike continues

**************************************************************Shares of Boeing, America's biggest aerospace manufacturer, have plummeted 40% so far this year. The company is facing a string of challenges, including fatal crashes of its 737 Max jet, a door blowing off another 737 aircraft, striking workers, and difficulties ramping up production. That's opened up some pretty existential questions for the company — including whether this former national champion will even survive for much longer. In the meantime, Boeing executives are trying to turn things around by raising additional capital and slashing the workforce to bring down costs. But will it work? In this episode, we speak with aerospace veteran Richard Aboulafia, a managing director at AeroDynamic Advisory, about the ongoing mess that is Boeing.*******Meanwhile the workers are still on strike and asking for a 35% increase in wages*******This whole thing gives me food for thought as I am retired and depend on social security ~ ? ~~~~~~~ Perhaps the 1% could afford to share some of the huge profits they enjoy and we could get water for free again.

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