Money

At Boeing, the Flap Over One Tiny Light Indicates Much Larger Flaws

Are Boeing planes really “pilot’s planes” anymore? The aerospace giant has long enjoyed a reputation for building “pilot’s planes,” where nothing got between a pilot and their ability to fully control their aircraft. That’s why a failed cockpit warning light and a flawed avionics software program in their new 737-Max aircraft has received so much …

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U.S. Government Quietly Replaced Former Intel CEO as Its Top Drone Policy Advisor

Secretary of Transportation Elaine Chao turned to a longtime if little known member of the Federal Aviation Administration’s Drone Advisory Committee to head the group, after last year’s quiet departure of founding chairman Brian Krzanich. Effective May 15, Michael Chasen, CEO of commercial drone developer PrecisionHawk, took over as head of the committee, which advises …

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Facebook’s Side Hustles Are Diverting Attention From Its Real Problems, Critics Say

From calls to break up Facebook to the social network’s A.I. being unable to detect a massacre video (or stop its spread), the company’s infinite scroll of problems seemingly has no end. But as an existential crisis threatens to upend its business model and change the way the social network operates, the company has been …

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Fortune 500 Boards, Taiwan Same-Sex Marriage, Nike Pregnancy: Broadsheet May 20

Good morning, Broadsheet readers! Emma Hinchliffe here today. Nike will stop docking pay for pregnant athletes, Taiwan legalizes same-sex marriage under President Tsai Ing-wen, and some Fortune 500 companies have cleared the 50/50 hurdle on their boards. Have a mindful Monday. EVERYONE’S TALKING [bs_bullet_primary] 50/50 on the 500. When last year’s Fortune 500 came out, …

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Deutsche Bank Staff Eyed Trump, Kushner Transactions, NYT Says

Multiple transactions involving legal entities controlled by President Donald Trump and his son-in-law Jared Kushner aroused the suspicion of anti-money laundering specialists at Deutsche Bank in 2016 and 2017, according to the New York Times. The specialists recommended the matter be referred to a unit of the Treasury Department that polices financial crimes, but bank …

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Trump Suggests New Alabama Abortion Restrictions Go Too Far

President Donald Trump waded into the issue of women’s reproductive rights, suggesting a measure banning almost all abortions in Alabama went too far. In a series of tweets late Saturday, the president declared himself “strongly Pro-Life, with the three exceptions – Rape, Incest and protecting the Life of the mother.” As most people know, and …

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