Public Service

Slapping the FAA in the face

Since when did the POTUS become an expert on air safety? What is the point of the FAA if the occupant at 1600 Pennsylvania Avenue issues executive orders to ground planes the regulator has deemed airworthy?

The problem for the airlines is not so much the inconvenience of fleet reduction but the astronomical cost of storage. Planes are very brittle. It’s not like a car one puts on bricks in the garage when it won’t be used during the winter.

Planes require the fuel tanks to be full to prevent the risk of damage under the beating sun. The engines must be run everyday to prevent build up of foreign objects. The wheels must be rotated to prevent flat spotting the tyres. One plane sitting on a tarmac that an airline wants to return to service runs at $100,000/mth. Southwest has 31 and American 22. So between them $5m/mth will be wasted.

For Boeing, depending on how quickly this gets sorted, the supply chain which has lead times up to 9 months could create havoc with suppliers. With the 787 delays, things got so bad that some suppliers needed to be bailed out. It is unlikely to see a delay anywhere near the magnitude of the 787 but the disruption can have substantial side effects including lay offs.

Once again the planes are safe to fly without the AOA. It’s a 50 year old airframe with 1 billion hours under its belt. It’s a software issue. Adequate pilot training is all that is required to make it safe to fly.

Worst of all it’s a complete slap in the face for an organization with an exemplary record on air safety to be given a lesson by Trump. The FAA and NTSB take their roles incredibly seriously and the recommendations they have made after accidents has made flying today safer than ever. Bad call Mr President.

Fake News about Boeing’s CEO & Trump call

Business Insider has reported that the Boeing CEO Dennis Mullenberg pleaded with President Trump to prevent the MAX8 from being grounded. Here’s why the story is totally implausible:

1) the Boeing board would have Mullenberg’s head if he entertained the prospect of getting Trump to influence the regulator.

2) that would imply the FAA was susceptible to influence from outside forces. It is clearly not. No president would have the slightest say in the matter. As said in previous posts, the FAA has openly stated it is safe to fly without AOA activated.

3) Boeing has 4,800 outstanding orders for MAX8. Why would it run the risk of knowing it had a Ford Pinto to thrust some short term deliveries to pad its P&L while it knew more crashes were inevitable? Hardly a sensible marketing strategy. Boeing would panic more about losing 4,800 orders than delaying the delivery of 100 planes in coming months. Why run a greedy corporate narrative?

4) airlines can’t immediately switch to Airbus A320s as they’d join the end of the queue of the 4,000 outstanding orders. Moreover airlines can’t switch pilots from B737 to A320 on a whim. Airlines can’t wait 6 years for deliveries.

Boeing spokespeople said clearly it was a call to reassure safety. That’s a basic given. Why try to even make up a story about suggesting Trump and Mullenberg were involved in a conspiracy? More TDS. Shameless.

RBA is the new axe on climate change.

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The RBA can barely manage interest rates so where does it get off babbling on about how climate change is going to maim the economy? Stay in your lane!  Even worse the speech based its assertions on the prophecies of the IPCC and BOM, two of many organizations which have been caught red handed manipulating climate data. CM thought the science was settled? If so, what is the point of so many climate bodies fiddling the figures? Why can’t the RBA open its ‘assess all risk’ lens? Wouldn’t data malfeasance constitute a red flag in the RBA’s internal analysis? Clearly not.

While the RBA is there to manage risk, why doesn’t it try evidence based research? Perhaps try look at the debate on both sides of the argument rather than follow an ideology because it feels the need to virtue signal by joining the herd.

Well if the economy collapses under its watch they can blame a drought, a flood and a bushfire rather than poor stewardship of monetary policy. Maybe the RBA might look at the perilous financial state our main banks find themselves in. Maybe the bank managements being attacked in the Royal Commission can blame climate change for the sudden hot blooded mistakes they made.

What a farce.

Ocasio-Cortez took bank bashing to new levels

Congresswoman Alexandria Ocasio-Cortez took bank bashing to new heights yesterday. While questioning Wells Fargo CEO Timothy Sloan she suggested that the banks that financed fossil fuel companies which cause environmental damage should pay for cleanups. Sloan correctly said WF doesn’t “operate” the pipelines of their customers.

She also accused Sloan of Wells Fargo lending to publicly listed corrections companies which operate ICE detention centers which detain children.

So basic is her level of understanding of how banks work, perhaps she might understand the ridiculousness of her own attacks better if she is told she has to accept financial punishment for any failures that are a result of implementing the Green New Deal.

The Democratic leaders really need to rein her in before she damages the brand any further. Left to her own devices she’ll provide hours of video gaffes come election time. Attacking Sloan had no basis let alone substance.

Trump is right to cut NSF funding – here’s why

So the media unsurprisingly hurled abuse at Trump for his plans to cut National Science Foundation (NSF) funding by $1bn. Typical. Yet maybe it’s worth reminding ourselves how the NSF has misappropriated taxpayer funds with such reckless negligence. No doubt if Obama (who raised its budget $1.5bn which in office) had lopped $1bn off the NSF budget on discovery of the below the media would be in raptures.

The NSF is a US government agency responsible for allocating 24% of science funding. It was raked over the coals by the US Senate for gross mismanagement, fraud and waste. The “National Science Foundation: Under the Microscopepaper from 2011 documented some of the misappropriation of funds as follows,

An $80,000 study on why the same teams always dominate March Madness”, a “$315,000 study suggesting playing FarmVille on Facebook helps adults develop and maintain relationships”, a study costing “$1 million for an analysis of how quickly parents respond to trendy baby names”, a study costing “$50,000 to produce and publicize amateur songs about science, including a rap called “Money 4 Drugz,” and a misleading song titled “Biogas is a Gas, Gas, Gas”;” a study costing”$2 million to figure out that people who often post pictures on the internet from the same location at the same time are usually friends”; and “$581,000 on whether online dating site users are racist”.Ineffective management examples, cited in the report, included “ineffective contracting”, “$1.7 billion in unspent funds sitting in expired, undisbursed grant accounts”, “at least $3 million in excessive travel funds”, “a lack of accountability or program metrics to evaluate expenditures” and “inappropriate staff behavior including porn surfing and Jello wrestling and skinny-dipping at NSF-operated facilities in Antarctica”.

Sorry, which part of lopping $1bn would taxpayers be upset by?

Brexit – Deal or No Deal

As UK PM Theresa May dithers on whether she wants to extend the deadline to buy more time on Brexit, 115,000 people on a Facebook poll want No Deal than the ridiculous half measures being concocted in the Commons. Politicians may think they know best but it is evident that they don’t. People are fed up with inaction.

The referendum was simple – Leave the European Union – Yes or No? There is little grey area – no backstops, no customs union. It was to leave. In the past 3 years, the EU leaders have only made it more self evident that the UK should quit this federalist bureaucracy. To think they approved Theresa May’s first deal inside 45 minutes tells us all how bad it must be for Britain.

CM is for No Deal. The EU needs reform and signing a deal that allows unelected bodies to dictate national terms and conditions only prolongs the necessity to clean house.

Something to be proud of?

How proud must former Australian PM Malcolm Turnbull be of his son to tweet with such eloquence and grace. We get that Alex Turnbull is disgruntled that his old man was dumped from the top job. Yet his inner totalitarian must resort to profanity and vulgarity to smear a party who gave his father the highest honour that could be bestowed on him.

Without doubt the Liberal Party has much to answer for during its term in government This election should serve them a shellacking. However Turnbull Jr should look at his father’s inaction driven legacy while PM which accelerated the party’s demise. He might reflect on the disloyalty shown to his party immediately after he was deposed by the very rules he came to power by.

The ultimate irony of point 5 is that Mr Turnbull avoided conservative media outlets, including Sky, like the plague. How odd that a conservative politician felt intimidated by the very outlets that would give him a positive platform. Well the truth is that Mr Turnbull dragged the ‘Turnbull Coalition’ so far to the left that he knew conservative outlets would roast him. Telling.

The majority of conservative Liberal supporters certainly don’t miss Mr Turnbull and anything tweeted by Alex only confirms what they already knew.