The Nation's Financial Condition

[jhu72]

Just heard an interesting fact. In Obama's last 2 years, monthly average of 224,000 new jobs. Under Trump, his first 3 years, only 179,000 new jobs. That's a big difference. Would have thought they were about the same, at 200,000. I am guessing that if you go back to Obama's last three years the numbers would be closer.

[old salt]

737 Max Update. We should totally deregulate the aircraft and airline industries.

You have no clue how closely, & in most cases, how effectively the aircraft & airline industries are regulated.

Just compare US accident rates to the rest of the world.

I remain perplexed why FAA inspectors did not demand to see a fault tree analysis from incorporating MCAS into all potential flight control failure modes & verifying the necessary emergency procedures in the simulator. Had they been monitoring the sim sessions of Boeing's tech/test pilots, they'd have reached the same conclusions those pilots voiced in their emails.

Even before the single AOA sensor shortcoming was corrected, the MCAS failures which caused the 2 accidents could have been overcome safely with adequate pilot transition training.

Similar MCAS failures on US airline flights were safely handled by experienced US pilots who treated the MCAS hardovers as runaway nose down trim, & did not re-engage the MCAS or autopllot, & hand flew the aircraft to a safe landing.

The FAA officials who accepted Boeing's inadequate pilot transition training recommendation are equally culpable to the Boeing bean counters who ignored their tech/test pilots. (imho) ...I never experienced that sort of "slack" during the years I was subject to FAA oversight. More often, the attitude of every new operations inspector (which we had to endure far too often) was that we were assumed guilty (of everything), until proven innocent. The oversight was far stricter than I experienced in military aviation.

[old salt]

737 Max Update. We should totally deregulate the aircraft and airline industries.

You have no appreciation how closely, & in most cases, how effectively the aircraft & airline industries are regulated.

Just compare US accident rates to the rest of the world.

I remain perplexed why FAA inspectors did not demand to see a fault tree analysis from incorporating MCAS into all potential flight control failure modes & verifying the necessary emergency procedures in the simulator. Had they been monitoring the sim sessions of Boeing's tech/test pilots, they'd have reached the same conclusions those pilots voiced in their emails.

Even before the single AOA sensor shortcoming was corrected, the MCAS failures which caused the 2 accidents could have been overcome safely with adequate pilot transition training.

Similar MCAS failures on US airline flights were safely handled by experienced US pilots who treated the MCAS hardovers as runaway nose down trim, & did not re-engage the MCAS or autopllot, & hand flew the aircraft to a safe landing.

The FAA officials who accepted Boeing's inadequate pilot transition training recommendation are equally culpable to the Boeing bean counters who ignored their tech/test pilots. (imho) ...I never experienced that sort of "slack" during the years I was subject to FAA oversight. More often, the attitude of every new operations inspector (which we had to endure far too often) was that we were assumed guilty (of everything), until proven innocent. The oversight was far stricter than I experienced in military aviation.

[Typical Lax Dad]

737 Max Update. We should totally deregulate the aircraft and airline industries.

You have no clue how closely, & in most cases, how effectively the aircraft & airline industries are regulated.

Just compare US accident rates to the rest of the world.

I remain perplexed why FAA inspectors did not demand to see a fault tree analysis from incorporating MCAS into all potential flight control failure modes & verifying the necessary emergency procedures in the simulator. Had they been monitoring the sim sessions of Boeing's tech/test pilots, they'd have reached the same conclusions those pilots voiced in their emails.

Even before the single AOA sensor shortcoming was corrected, the MCAS failures which caused the 2 accidents could have been overcome safely with adequate pilot transition training.

Similar MCAS failures on US airline flights were safely handled by experienced US pilots who treated the MCAS hardovers as runaway nose down trim, & did not re-engage the MCAS or autopllot, & hand flew the aircraft to a safe landing.

The FAA officials who accepted Boeing's inadequate pilot transition training recommendation are equally culpable to the Boeing bean counters who ignored their tech/test pilots. (imho) ...I never experienced that sort of "slack" during the years I was subject to FAA oversight. More often, the attitude of every new operations inspector (which we had to endure far too often) was that we were assumed guilty (of everything), until proven innocent. The oversight was far stricter than I experienced in military aviation.

De-regulation is a good thing. Whenever we get Less government oversight things are better.

[youthathletics]

737 Max Update. We should totally deregulate the aircraft and airline industries.

You have no clue how closely, & in most cases, how effectively the aircraft & airline industries are regulated.

Just compare US accident rates to the rest of the world.

I remain perplexed why FAA inspectors did not demand to see a fault tree analysis from incorporating MCAS into all potential flight control failure modes & verifying the necessary emergency procedures in the simulator. Had they been monitoring the sim sessions of Boeing's tech/test pilots, they'd have reached the same conclusions those pilots voiced in their emails.

Even before the single AOA sensor shortcoming was corrected, the MCAS failures which caused the 2 accidents could have been overcome safely with adequate pilot transition training.

Similar MCAS failures on US airline flights were safely handled by experienced US pilots who treated the MCAS hardovers as runaway nose down trim, & did not re-engage the MCAS or autopllot, & hand flew the aircraft to a safe landing.

The FAA officials who accepted Boeing's inadequate pilot transition training recommendation are equally culpable to the Boeing bean counters who ignored their tech/test pilots. (imho) ...I never experienced that sort of "slack" during the years I was subject to FAA oversight. More often, the attitude of every new operations inspector (which we had to endure far too often) was that we were assumed guilty (of everything), until proven innocent. The oversight was far stricter than I experienced in military aviation.

De-regulation is a good thing. Whenever we get Less government oversight things are better.

Only when it's socialism funded.

[Peter Brown]

737 Max Update. We should totally deregulate the aircraft and airline industries.

You have no clue how closely, & in most cases, how effectively the aircraft & airline industries are regulated.

Just compare US accident rates to the rest of the world.

I remain perplexed why FAA inspectors did not demand to see a fault tree analysis from incorporating MCAS into all potential flight control failure modes & verifying the necessary emergency procedures in the simulator. Had they been monitoring the sim sessions of Boeing's tech/test pilots, they'd have reached the same conclusions those pilots voiced in their emails.

Even before the single AOA sensor shortcoming was corrected, the MCAS failures which caused the 2 accidents could have been overcome safely with adequate pilot transition training.

Similar MCAS failures on US airline flights were safely handled by experienced US pilots who treated the MCAS hardovers as runaway nose down trim, & did not re-engage the MCAS or autopllot, & hand flew the aircraft to a safe landing.

The FAA officials who accepted Boeing's inadequate pilot transition training recommendation are equally culpable to the Boeing bean counters who ignored their tech/test pilots. (imho) ...I never experienced that sort of "slack" during the years I was subject to FAA oversight. More often, the attitude of every new operations inspector (which we had to endure far too often) was that we were assumed guilty (of everything), until proven innocent. The oversight was far stricter than I experienced in military aviation.

De-regulation is a good thing. Whenever we get Less government oversight things are better.

That is ironically more true than your sarcasm implies. But it's not worth exploring here.

But if you are intrigued, hers is but a snippet of the problem with trust in your lords: https://www.sacbee.com/opinion/editoria ... 70290.html

[a fan]

I see, so if we find a public servant who is corrupt, we should get rid of all regulations and public institutions?

That "logic" work both ways? If we find a corrupt private servant, we should get rid of all private institutions?

[old salt]

737 Max Update. We should totally deregulate the aircraft and airline industries.

You have no clue how closely, & in most cases, how effectively the aircraft & airline industries are regulated.

Just compare US accident rates to the rest of the world.

I remain perplexed why FAA inspectors did not demand to see a fault tree analysis from incorporating MCAS into all potential flight control failure modes & verifying the necessary emergency procedures in the simulator. Had they been monitoring the sim sessions of Boeing's tech/test pilots, they'd have reached the same conclusions those pilots voiced in their emails.

Even before the single AOA sensor shortcoming was corrected, the MCAS failures which caused the 2 accidents could have been overcome safely with adequate pilot transition training.

Similar MCAS failures on US airline flights were safely handled by experienced US pilots who treated the MCAS hardovers as runaway nose down trim, & did not re-engage the MCAS or autopllot, & hand flew the aircraft to a safe landing.

The FAA officials who accepted Boeing's inadequate pilot transition training recommendation are equally culpable to the Boeing bean counters who ignored their tech/test pilots. (imho) ...I never experienced that sort of "slack" during the years I was subject to FAA oversight. More often, the attitude of every new operations inspector (which we had to endure far too often) was that we were assumed guilty (of everything), until proven innocent. The oversight was far stricter than I experienced in military aviation.

De-regulation is a good thing. Whenever we get Less government oversight things are better.

As a little guy, at the bottom of the commercial aviation food chain, who had to spend untold hours documenting everything we did, then having it audited by drones who couldn't cut it in the industry themselves, ...I can't express how frustrating it is to see the FAA whiff on something as critical as the certification of the 737 MAX. I had to laugh at the Boeing test pilots text that the expressions on the faces of FAA inspectors getting briefed on the MAX, looked like dogs watching tv.

[a fan]

Look into it. See if a Senator etc. pressured the FAA at the behest of Boeing or some other party.

We deal with pretty serious scrutiny from the TTB....nothing like what you had to deal with, old salt. But we file taxes twice a money..and they count every liter of booze, and take it VERY seriously.

IMHO, it's next to impossible to get regulation right. While there are days I wish they'd leave us alone...there are others where I am grateful that they protect things like Bourbon or Rye Whiskey. If they weren't there, you could add food coloring to vodka and call it Bourbon.

I don't have an answer.

[Peter Brown]

Look into it. See if a Senator etc. pressured the FAA at the behest of Boeing or some other party.

We deal with pretty serious scrutiny from the TTB....nothing like what you had to deal with, old salt. But we file taxes twice a money..and they count every liter of booze, and take it VERY seriously.

IMHO, it's next to impossible to get regulation right. While there are days I wish they'd leave us alone...there are others where I am grateful that they protect things like Bourbon or Rye Whiskey. If they weren't there, you could add food coloring to vodka and call it Bourbon.

I don't have an answer.

It would be awful to have the market reject bars served doctored liquor. One can only imagine if companies like Yelp existed. Consumers are stupid.

[Typical Lax Dad]

https://fortune.com/2018/12/28/wells-fa ... practices/

[a fan]

It would be awful to have the market reject bars served doctored liquor. One can only imagine if companies like Yelp existed. Consumers are stupid.

FoxNews: The lawsuit comes as another popular vacation spot, the Dominican Republic, is making worldwide headlines because of a rash of deaths of U.S. tourists – many of whom became suddenly and critically ill at their hotels.

https://www.foxnews.com/world/mexican-r ... nner-death


Tell the dead tourists about how flawless and awesome your free market is. That's ok, right? It wasn't you or YOUR family, so what's the problem?

Yelp. Tip of the hat here. You think Yelp should regulate our industries. Just.....well done. Fantastic idea.

Consumers aren't stupid. They're ignorant, and in no position to make specific industries safe. Would you want consumers to regulate your industry? Some dude with a suitcase on his way to Buffalo making rules about plane designs and safety features?

Okie dokie.

[holmes435]

IMHO, it's next to impossible to get regulation right. While there are days I wish they'd leave us alone...there are others where I am grateful that they protect things like Bourbon or Rye Whiskey. If they weren't there, you could add food coloring to vodka and call it Bourbon.

It was nice of the .gov keeping shady groups from adding methanol and selling it to private citizens in the early 20th century

But you're right about regulation, as government is made up of the people. It's no better and no worse, it's just people. Same with corporations. We can steer them for both good and for bad. We're not perfect, and our systems can be good, but never perfect, mostly due to a few bad apples who ruin it for the vast majority.

[Peter Brown]

It would be awful to have the market reject bars served doctored liquor. One can only imagine if companies like Yelp existed. Consumers are stupid.

FoxNews: The lawsuit comes as another popular vacation spot, the Dominican Republic, is making worldwide headlines because of a rash of deaths of U.S. tourists – many of whom became suddenly and critically ill at their hotels.

https://www.foxnews.com/world/mexican-r ... nner-death


Tell the dead tourists about how flawless and awesome your free market is. That's ok, right? It wasn't you or YOUR family, so what's the problem?

Yelp. Tip of the hat here. You think Yelp should regulate our industries. Just.....well done. Fantastic idea.

Consumers aren't stupid. They're ignorant, and in no position to make specific industries safe. Would you want consumers to regulate your industry? Some dude with a suitcase on his way to Buffalo making rules about plane designs and safety features?

Okie dokie.

What makes instances like the link happen far less than advertised (by for example posts like yours which would make one think the sky is falling with crap liquor), is the incentive to not make it happen. If a bar or hotel and serves liquor which kills a customer, there stands a great chance that that bar will be unable to purchase insurance, and therefore will be unable to remain in business, because a lender who would otherwise finance the hotel/bar will not lend to a company which can not access insurance. Hence, no bar, no liquor, no problem.

her's how to make matters worse. Hire bureaucratic inspectors to give the shine and veneer of 'safety' but really don't do much other than demand that ridiculous paperwork be filled out by the business owners (when not accepting cash to look the other way). When that bar serves tainted alcohol, the bar gets to say 'we was inspected and passed'...giving them, their insurance, and their owner free get out of jail cards because after all, that lord and savior our government made dang sure was was safe. No one pays! Meanwhile, the inspector pays zero penalty, cause he has no ownership of any outcome, and if accepting cash bribes, they only get caught when the omerta fails.

It's crazy how real life works.

[a fan]

What makes instances like the link happen far less than advertised (by for example posts like yours which would make one think the sky is falling with dump liquor), is the incentive to not make it happen. If a bar or hotel and serves liquor which kills a customer, there stands a great chance that that bar will be unable to purchase insurance, and therefore will be unable to remain in business, because a lender who would otherwise finance the hotel/bar will not lend to a company which can not access insurance. Hence, no bar, no liquor, no problem.

Who said the bar needs insurance? Remember we're in Pete Brown's free market! Picture Chicago in 1920, and cash is king

And who says the bar was the problem here? In an unregulated market, bars can order booze from anywhere they choose, remember? So what if they got some tainted bottle from a wholesaler who gave them a screaming deal? And since you think regulation of intellectual property is bad....guess what? Counterfeits are everywhere in PeteBrown world. Whoops, you forgot about that.

It's hilarious watching you take all these things for granted. You must have slept through your business and history classes in that socialist college of yours, because I don't even have to concoct "what if" business stories. I can just give you things that have actually happened in real life. Why do you think we have regulations in the first place? For fun? Or is it because ***holes looking to make a quick buck have killed and deceived people for centuries chasing after a buck?

her's how to make matters worse. Hire bureaucratic inspectors to give the shine and veneer of 'safety' but really don't do much other than demand that ridiculous paperwork be filled out by the business owners (when not accepting cash to look the other way). When that bar serves tainted alcohol, the bar gets to say 'we was inspected and passed'...giving them, their insurance, and their owner free get out of jail cards because after all, that lord and savior our government made dang sure was was safe. No one pays! Meanwhile, the inspector pays zero penalty, cause he has no ownership of any outcome, and if accepting cash bribes, they only get caught when the omerta fails.

It's crazy how real life works.

That's not even CLOSE to how it works. It's clear to me that you're "last man on the deal" at your company....and are in your 20's, and have never been sued because you have no real responsibility for your business. If you did, there is NO WAY this would be your attitude.

If we lived in PeteBrown's free market today...right now? I"d put down my computer, find out where you live, buy the property to the left and the right of you and open a paper mill to the right of you (boy, do they smell bad when there aren't any regulations) and a opium den to the left of you.

And laugh and laugh as you try and figure out what to do, as you finally understand that these government regulations that you think are bad, are currently protecting the value of your home through zoning, and rules surrounding operating a business.

[Typical Lax Dad]

What makes instances like the link happen far less than advertised (by for example posts like yours which would make one think the sky is falling with dump liquor), is the incentive to not make it happen. If a bar or hotel and serves liquor which kills a customer, there stands a great chance that that bar will be unable to purchase insurance, and therefore will be unable to remain in business, because a lender who would otherwise finance the hotel/bar will not lend to a company which can not access insurance. Hence, no bar, no liquor, no problem.

Who said the bar needs insurance? Remember we're in Pete Brown's free market! Picture Chicago in 1920, and cash is king

And who says the bar was the problem here? In an unregulated market, bars can order booze from anywhere they choose, remember? So what if they got some tainted bottle from a wholesaler who gave them a screaming deal? And since you think regulation of intellectual property is bad....guess what? Counterfeits are everywhere in PeteBrown world. Whoops, you forgot about that.

It's hilarious watching you take all these things for granted. You must have slept through your business and history classes in that socialist college of yours, because I don't even have to concoct "what if" business stories. I can just give you things that have actually happened in real life. Why do you think we have regulations in the first place? For fun? Or is it because ***holes looking to make a quick buck have killed and deceived people for centuries chasing after a buck?

her's how to make matters worse. Hire bureaucratic inspectors to give the shine and veneer of 'safety' but really don't do much other than demand that ridiculous paperwork be filled out by the business owners (when not accepting cash to look the other way). When that bar serves tainted alcohol, the bar gets to say 'we was inspected and passed'...giving them, their insurance, and their owner free get out of jail cards because after all, that lord and savior our government made dang sure was was safe. No one pays! Meanwhile, the inspector pays zero penalty, cause he has no ownership of any outcome, and if accepting cash bribes, they only get caught when the omerta fails.

It's crazy how real life works.

That's not even CLOSE to how it works. It's clear to me that you're "last man on the deal" at your company....and are in your 20's, and have never been sued because you have no real responsibility for your business. If you did, there is NO WAY this would be your attitude.

If we lived in PeteBrown's free market today...right now? I"d put down my computer, find out where you live, buy the property to the left and the right of you and open a paper mill to the right of you (boy, do they smell bad when there aren't any regulations) and a opium den to the left of you.

And laugh and laugh as you try and figure out what to do, as you finally understand that these government regulations that you think are bad, are currently protecting the value of your home through zoning, and rules surrounding operating a business.

How about some Section 8 Housing or a Housing Project next door!

[foreverlax]

Trump Tax Break That Benefited the Rich Is Being Investigated

The Treasury Department’s watchdog said it was looking into the Opportunity Zone program, a multibillion-dollar tax break that is supposed to help low-income areas.

Last year, The Times reported how money eligible for the tax break — supported by both Democrats and Republicans — was going to luxury projects in affluent neighborhoods, including deals that were underway long before the tax break took effect.

The initiative allows people to sell stocks or other investments and delay capital gains taxes for years — as long as they put the proceeds into projects in federally certified opportunity zones. Investors can avoid federal taxes on any profits from those projects.

SNAFU!!

[Peter Brown]

If we lived in PeteBrown's free market today...right now? I"d put down my computer, find out where you live, buy the property to the left and the right of you and open a paper mill to the right of you (boy, do they smell bad when there aren't any regulations) and a opium den to the left of you.

And laugh and laugh as you try and figure out what to do, as you finally understand that these government regulations that you think are bad, are currently protecting the value of your home through zoning, and rules surrounding operating a business.

Your posts are bewildering and long, and no one has all day to reply to all that, but on the above snippet, please note a world's difference between zoning regulations approved by voters and known to the buyer prior to purchase (buyer beware), versus industry regulations unaccountable enacted solely by bureaucrats (buyer unaware).

I am a strong proponent of both density as well as architectural regulations wherever I live. These are voted on by residents. Any buyer coming in knows the score prior to buying. That is what I call fair. Unfair are unelected bureaucrats deciding what they want and forcing you to comply.

I assume you will now claim I am some secret-socialist, such is life in the digital age.

I'm just heartened you haven't tied this back to Donald Trump somehow. I qualify that as a start toward progress.

[Peter Brown]

Trump Tax Break That Benefited the Rich Is Being Investigated

The Treasury Department’s watchdog said it was looking into the Opportunity Zone program, a multibillion-dollar tax break that is supposed to help low-income areas.

Last year, The Times reported how money eligible for the tax break — supported by both Democrats and Republicans — was going to luxury projects in affluent neighborhoods, including deals that were underway long before the tax break took effect.

The initiative allows people to sell stocks or other investments and delay capital gains taxes for years — as long as they put the proceeds into projects in federally certified opportunity zones. Investors can avoid federal taxes on any profits from those projects.

SNAFU!!

Glad you posted this, although it ironically supports my position that every government program passed will always be abused; it's in the DNA of government programs. Limit them.

[jhu72]

Trump Tax Break That Benefited the Rich Is Being Investigated

The Treasury Department’s watchdog said it was looking into the Opportunity Zone program, a multibillion-dollar tax break that is supposed to help low-income areas.

Last year, The Times reported how money eligible for the tax break — supported by both Democrats and Republicans — was going to luxury projects in affluent neighborhoods, including deals that were underway long before the tax break took effect.

The initiative allows people to sell stocks or other investments and delay capital gains taxes for years — as long as they put the proceeds into projects in federally certified opportunity zones. Investors can avoid federal taxes on any profits from those projects.

SNAFU!!

… just one more scam for the wealthy and crooks.