Connect with us

International

Boeing’s 737 MAX Jets To Face Joint Training Review – Report

Boeing’s 737 MAX Jets To Face Joint Training Review – Report

Published

3 years ago

on

The recertification of Boeing’s 737 MAX passenger aircraft is inching closer as 4 civil aviation authorities are scheduled to jointly review the proposed training for the troubled jet’s crews in London on Monday, Reuters reported. According to a US Federal Aviation Administration (FAA) statement, the Joint Operations Evaluation Board includes civil aviation authorities of the US, Canada, Brazil, and the EU, Reuters said.

Boeing’s (BA) 737 MAX planes have been grounded since mid-March 2019 following two fatal crashes within six months which took 346 lives. Last Friday, the EU stated that it has completed its flight tests for MAX jets in Vancouver. Earlier in late August, Canada announced the completion of independent flight tests.

On September 10, Susquehanna analyst Charles Minervino said that he did not expect Boeing to achieve its previous aircraft delivery estimates given the delay in MAX recertification and continued challenges from the COVID-19 pandemic. Still, Minervino reiterated his Buy rating on the stock with a price target of $210 (31.1% upside potential). (See BA stock analysis on TipRanks).

Currently, the rest of the Street is sidelined on the stock. The Hold analyst consensus is based on 8 Holds, 7 Buys, and 3 Sells. With shares down nearly 51% year-to-date, the average analyst price target of $186.24 implies upside potential of 16.2% from current levels.

Related News:
Boeing Wins First 737 MAX Order This Year As Cancellations Continue To Hit
United Airlines Lowers 3Q Revenue Forecast As Travel Demand Fails To Return
JetBlue Adds 24 New Routes In A Bid To Capture Traffic

The post Boeing’s 737 MAX Jets To Face Joint Training Review - Report appeared first on TipRanks Financial Blog.

Read More

Related Topics:
Continue Reading

International

Majority Of Americans Support Israel, But New Poll Reveals Generational Divide

Majority Of Americans Support Israel, But New Poll Reveals Generational Divide

The week-long conflict between Israel and Hamas escalated on…

Published

19 mins ago

on

October 16, 2023

By

Majority Of Americans Support Israel, But New Poll Reveals Generational Divide

The week-long conflict between Israel and Hamas escalated on Saturday as the Israeli military prepares for a potential ground offensive in the Gaza Strip, a move that many anticipate. As of Friday, the death toll reached 3,000 on both sides. While Israel gears up for a ground invasion, most Americans stand behind Jerusalem. 

A new poll commissioned by NPR/PBS NewsHour/Marist poll finds that 65% of US adults support Israel in the war. This was true for most Republicans (77%) and Democrats (69%).

As for Independents, only 54% support Israel, while 32% say the US should 'say or do nothing'. 

The data reveals huge generational gaps.

There's an incremental decline in support for Israel from the silent generation of 86% to Baby boomers 83% to Gen X 63% to Gen Z/millenials of 48%. 

Young Americans not supporting Israel en masse is not surprising. Dozens of student organizations at top universities across the US denounced Israel last week and pledged support for Palestine. Some organizations at Harvard even justified the actions of Hamas in its war against Israel. 

Regarding racial demographics, about 51% of non-white respondents believe that the US should take such a public stance supporting Israel, whereas 72% of white respondents share this perspective. 

Again, this polling data comes as no surprise, considering Black Lives Matter Chicago celebrated the Hamas paraglider massacre at a rave in Israel with this post: 

And we almost forgot Rep. Alexandria Ocasio-Cortez's (D) Democratic Socialists of America have held pro-Palestinian rallies, with some folks holding up Nazi signs in Times Square. 

One thing that stood out among all respondents is that 80% of them were concerned the conflict could erupt into a regional war. And they might be correct about that, as Rabobank's Michael Every warned last week: "The Global Security Order Is Crumbling": From Ukraine War To Middle East War To... 

Tyler Durden Mon, 10/16/2023 - 06:55

Read More

Continue Reading

Government

Vanguard Funds Invest In Chinese Military Companies, Report Says

Vanguard Funds Invest In Chinese Military Companies, Report Says

Authored by Terri Wu via The Epoch Times (emphasis ours),
J15 fighter jets…

Published

19 mins ago

on

October 16, 2023

By

Vanguard Funds Invest In Chinese Military Companies, Report Says

Authored by Terri Wu via The Epoch Times (emphasis ours),

J15 fighter jets on China's sole operational aircraft carrier, the Liaoning, during a drill at sea on April 24, 2018. (AFP via Getty Images)

The Vanguard Group, one of the world’s largest asset managers, invests in Chinese military groups and companies linked to forced labor through index funds, a new report says. The report comes as the Treasury Department finalizes the rules pertaining to a White House executive order prohibiting certain outbound investments to China.

Vanguard’s $70 billion flagship emerging markets index fund includes 60 companies on the Chinese military company sanction list by the Office of Foreign Assets Control (OFAC) under the U.S. Department of Treasury, according to the report released by the Coalition for a Prosperous America (CPA) on Oct. 13. CPA is an advocacy organization representing exclusively manufacturers that have productions in the United States.

In addition, the flagship and other Vanguard funds also hold shares of eight Chinese companies sanctioned over human rights abuses in China’s Xinjiang region, where the persecution of Uyghurs has been identified by the U.S. State Department as “genocide.”

he report didn’t provide a tally of all Vanguard investments in Chinese military companies but listed a total of $100 million in three such groups.

While noting that Vanguard’s fund holdings are legal, CPA urged Congress to take urgent action on the “long-festering, structural problem” that “a weak public policy response by the U.S. government has allowed greed within the asset management industry to supersede urgent American investor protection, national security, and human rights concerns.”

“Congress must turn off the tap of American capital flowing to China and stop private and public market investments into blacklisted CCP-connected companies,” Rep. Mike Gallagher (R-Wis.), chair of the House Select Committee on the Chinese Communist Party (CCP), told The Epoch Times in an emailed statement.

“Americans do not want firms like Vanguard and BlackRock to invest their retirement savings in companies building the Chinese Communist Party’s military and implementing its ongoing genocide against the Uyghur people. If we accept the status quo, we are willfully fueling our own destruction,” he added.

Congressional scrutiny over Wall Street’s role in financing Chinese military companies has been on the rise.

Three months ago, Mr. Gallagher's committee launched an investigation on BlackRock, another leading asset manager, and global index provider MSCI over their role in channeling money to Chinese companies involved in building weapons for the Chinese military. The committee estimated $429 million of such investment against American interests by BlackRock.

In a letter dated July 31 to BlackRock and MSCI, Mr. Gallagher and committee ranking member Rep. Raja Krishnamoorthi (D-Ill.) wrote that, through the companies’ funds, Americans were “unwittingly funding” Chinese companies that fuel the CCP’s military and the two companies were “exacerbating an already significant national security threat and undermining American values.”

Two months later, BlackRock closed its China-focused offshore fund. All shareholders would have to redeem any outstanding shares by Nov. 7 before the fund’s liquidation. BlackRock previously told The Epoch Times that its products “comply with all applicable U.S. government laws” and it’s one of 16 asset managers offering U.S. index funds with investment in Chinese companies. The company didn’t directly comment on the closure of the China fund.

In an emailed response, a Vanguard spokesperson told The Epoch Times, “Vanguard maintains the highest levels of compliance with all applicable laws and regulations, including sanctions law. We welcome additional clarity from policymakers who are in a position to determine sanctions through the formal OFAC process.”

“As one of many asset managers offering investors a range of funds to invest internationally, our clients’ investments in China are primarily through U.S.-based passive index products that provide diversified exposure to many developed and emerging economies,” the spokesperson added.

In August, President Joe Biden issued an executive order (EO), prohibiting U.S. outbound investments to China in industries such as semiconductors and quantum computing. The Treasury Department has published preliminary rules, which listed index funds as excepted transactions under the EO. The public commentary period closed on Sept. 28.

Tyler Durden Mon, 10/16/2023 - 06:30

Read More

Continue Reading

Spread & Containment

How we’re using evidence to tackle net zero, slow economy and new hybrid working – sign up for Conversation partnership events and reports

With its IPPO partners, The Conversation is addressing some of the biggest policy challenges.

Published

48 mins ago

on

October 16, 2023

By

Shutterstock

Civil servants around the world are wrestling with a vast web of incredibly complex social problems.

From meeting net zero targets in cash-strapped economies, with often low levels of political support, to managing ageing populations, sluggish productivity levels and handling the repercussions of soaring inequality, there are no easy answers.

But a growing body of detailed academic research can help. The biggest challenge is assessing and then effectively communicating this research to governments so they can use it to inform and shape policy.

In December 2020, as the UK was about to enter its third pandemic lockdown, The Conversation partnered on the £2 million, ESRC-funded International Public Policy Observatory (IPPO), a collaboration of UK academic institutions – including UCL, the Welsh Centre for Public Policy (WCPP), Queen’s University Belfast, and the University of Glasgow – and the International Network for Government Science Advice (INGSA) to help make sense of the flood of COVID-related evidence and then report it usefully to policymakers across the UK.

Three years later, IPPO is now a third of the way through its second two-year phase, and has extended its focus to include the challenges of net zero, socio-economic inequalities, place and spatial inequality and COVID-19 recovery.

It has also been engaging with national and local policymakers to find out what kinds of evidence would be of most use to them. After all, to provide impactful answers, researchers need to know what questions people are asking.

What’s coming up?

Since June 2023, our team has been reviewing the new normal of hybrid and remote work, and how these changes are affecting workers with disabilities and long-term health conditions. In our next report, we’ll look at what policymakers can do to ensure that potential gains from more flexible working conditions are embedded into work spaces.

Read more: Sunak should be wary of backtracking on net zero – what history tells us about flip-flopping on the environment

IPPO has also focused its attention on the challenges posed by net zero goals, and highlighted the pathways and barriers to change when it comes to people making their homes more energy efficient. It has also suggested the novel idea of home upgrade agencies to offer bespoke, data-driven advice to households and help everyone make a positive difference.

This month, the team is holding a public event on the best ways to engage society in how we meet net zero goals, as countries across the world face increased opposition to green policies.

In Northern Ireland and Scotland, the team has also been exploring policy interventions to reduce high levels of economic inactivity. It now intends to expand this research to look at what different geographic areas around the UK can learn from one another.

Innovations in evidence

As part of its remit to challenge and improve how evidence is gathered and used, IPPO recently launched a new series of public, online events on new methods for mobilising evidence for greatest impact, to guide researchers, policymakers and intermediaries.

Our next events on “How to Commission Rapid Evidence Assessments for Policy” and “Systems Mapping: Best Approaches and What Works for Policy Design” will bring together experts in evidence and policy to discuss best practice for evidence-informed decision making.

Read more: The UK's four-day working week pilot was a success – here's what should happen next

We’ll also be welcoming David Halpern, chief executive of the behavioural insights team at Nesta, to discuss how to gauge whether an approach that works in one place and time, will work in others, during a public, online event.

Unlocking potential in a crisis

On November 21, IPPO will launch its first evidence review of 2023 looking at how local authorities can accelerate policy change under pressure.

Over the last four months, IPPO and its partner RREAL have looked at the COVID-19 recovery plans developed by local authorities across the country.

During our launch event, the report’s authors will discuss key takeaways from their research, reveal what mechanisms help unlock and deliver progressive policies, and share in-depth case studies of the experiences of those involved in the design and implementation of recovery plans at the local authority level. You can sign up here.

For more information about IPPO, its events and upcoming work, please click here.

Read More

Continue Reading

Trending