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Business, Economics, and Taxes: Eat Cereal for Dinner

Handyman said:
https://www.threads.net/@cnbc/post/C8NSVFGyGD3

Former President Donald Trump failed to impress everyone in a room full of top CEOs Thursday at the Business Roundtable’s quarterly meeting, multiple attendees told CNBC.

“Trump doesn’t know what he’s talking about,” said one CEO who was in the room, according to a person who heard the executive speaking. Several CEOs “said that [Trump] was remarkably meandering, could not keep a straight thought [and] was all over the map,” CNBC’s Andrew Ross Sorkin reported Friday.
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And yet congressional Republicans applauded him.
 
Spartanforlife4 said:
In addition to this, it’s been reported the last couple days that the Big 12, CUSA, MW, and AAC are looking at sponsorships. Allstate is apparently the front runner for the Big 12 and it could be the Allstate Big 12 or simply the Allstate 12. Globe Life is being reported as the leader for the CUSA naming rights.
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This is fucking gross
 
Deutsche Gopher Fan said:
Boeing and airbus have some counterfeit titanium in planes. How did that happen?

purchased from a small Chinese company

the mbas strike again
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We literally have it written in our internal codes that for any critical piping* we MUST buy it from US companies with fully US-sourced materials.

*the kind of stuff that if it escapes the pipe you will have OSHA and the CSB paying you a visit.
 
All that tech to use a pull string to fix the issue. I like when calls it a "secret door" or whatever...Cybertruck owners are so stupid. There is a great v8deo where a mom mocks one of the mommy influencer types talking about how helpful the CT is in all the same ways a station wagon is.
 
Handyman said:
All that tech to use a pull string to fix the issue. I like when calls it a "secret door" or whatever...Cybertruck owners are so stupid. There is a great v8deo where a mom mocks one of the mommy influencer types talking about how helpful the CT is in all the same ways a station wagon is.
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My mustang had more cargo capacity.
 
I would think it’s a good business policy to have a properly trained flight staff…

A federal investigation is underway after a Southwest Airlines flight plunged toward the ocean off the coast of Hawaii. The incident occurred on April 11 but only came to light publicly on Friday after Bloomberg reported Southwest sent a memo to pilots about the incident. Bloomberg reported the memo indicated a "newer" first officer was flying at the time and inadvertently pushed forward on the control column. The Boeing 737 Max 8 flew as low as 400 feet before rapidly climbing, flight tracking data shows. In a brief statement to CNN, Southwest acknowledged the incident but did not address the memo or why the incident took place.
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St. Clown said:
I would think it’s a good business policy to have a properly trained flight staff…
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Flight tracking data from ADS-B Exchange shows the plane dropping at a rate of more than 4,000 feet per minute while only 600 feet above sea level. The Boeing 737 Max 8 flew as low as 400 feet before rapidly climbing.
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So it dropped 200 feet at a rate of 4,000 feet per minute. 200 feet/4000 feet/minute = 2/40 = 1/20 of a minute * 60 seconds/ minute = 3 seconds, assuming the entire drop was at that rate. If you assume the max drop rate was only a blip before it was corrected, you're probably still only looking at a 5-8 second dive, the latter part of which would've been a slowing descent as the plane pulled up out of the dive.

Not good by any means, but I think some context would make it seem less scary. It's not like it fell from 10,000 feet to 400.
 
unofan said:
So it dropped 200 feet at a rate of 4,000 feet per minute. 200 feet/4000 feet/minute = 2/40 = 1/20 of a minute * 60 seconds/ minute = 3 seconds, assuming the entire drop was at that rate. If you assume the max drop rate was only a blip before it was corrected, you're probably still only looking at a 5-8 second dive, the latter part of which would've been a slowing descent as the plane pulled up out of the dive.

Not good by any means, but I think some context would make it seem less scary. It's not like it fell from 10,000 feet to 400.
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If it was falling 4,000 feet per minute and dropped to 400 feet then it was 6 seconds from impact.

If it was falling 4,000 feet per minute and dropped to 20,000 feet then began to level off to where it eventually reached 400 feet, then it wasn't in any danger of impact at all.

It actually sounds like the plane itself was a brave little toaster not to turn into a brick when it went into that dive. I'm guessing that's not within the tolerance levels of normal testing.
 
Stop the Steal: another good reason to keep Biden and the Dems in power and kneecap the fasc.

The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says.

The guidance and ruling being announced Monday includes plans to essentially stop “partnership basis shifting" — a process by which a business or person can move assets among a series of related parties to avoid paying taxes.

Biden administration officials said after evaluating the practice that there are no economic grounds for these transactions, with Deputy Treasury Secretary Wally Adeyemo calling it “really just a shell game.” The officials said the additional IRS funding provided through the 2022 Inflation Reduction Act had enabled increased oversight and greater awareness of the practice.

“These tax shelters allow wealthy taxpayers to avoid paying what they owe," IRS commissioner Danny Werfel said.

Due to previous years of underfunding, the IRS had cut back on the auditing of wealthy individuals and the shifting of assets among partnerships and companies became common.

The IRS says filings for large pass-through businesses used for the type of tax avoidance in the guidance increased 70% from 174,100 in 2010 to 297,400 in 2019. However, audit rates for these businesses fell from 3.8% to 0.1% in the same time frame.

Treasury said in a statement announcing the new guidance that there is an estimated $160 billion gap between what the top 1% of earners likely owe in taxes and what they pay.
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The best description of Republican campaign contributions I even heard was "spending millions to steal billions."
 
Kepler said:
If it was falling 4,000 feet per minute and dropped to 400 feet then it was 6 seconds from impact.

If it was falling 4,000 feet per minute and dropped to 20,000 feet then began to level off to where it eventually reached 400 feet, then it wasn't in any danger of impact at all.

It actually sounds like the plane itself was a brave little toaster not to turn into a brick when it went into that dive. I'm guessing that's not within the tolerance levels of normal testing.
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You almost have to assume the "max drop rate" lasted a mere fraction of a second, because the plane wouldn't just drop and then climb instantaneously. When the plan bottomed out at 400 feet, it would've been pulling up and out of the dive/descent, so the point of maximum drop rate had to have happened higher up.

Also, since it sounds like it occurred during a missed approach/aborted landing, it could've been descending anyway and the error may have only dropped the plane more/faster than it would've otherwise gone, depending where on the aborted landing the error took place. Point being, there's a lot we simply don't know from what's presented in the article (not watching the video linked, maybe it contains more details), but the article definitely uses the scariest numbers to titilate rather than inform.
 
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