Global turmoil and bloody conflicts are not bad news for everyone. The defense industry has been enjoying a nice run in the stock market from armed conflict breaking out across the world from Gaza to Ukraine to Syria. Much of the upside comes from the use of weapons made by US multinational corporations in conflicts that may or may not involve the US directly. Even just a standoff or threat of armed conflict can spur defense spending by governments and enrich weaponry makers.
|By: DSWright Tuesday October 7, 2014 1:40 pm|
|By: Peter Van Buren Tuesday August 26, 2014 2:24 pm|
Citing an endless river of filth, vacuous conversations, idiotic Tweets and endless cat videos, the NSA announced it is “freaking done” with spying on Americans.
|By: Peter Van Buren Friday August 1, 2014 8:15 am|
The German government will end its contract with Verizon. Brazil dumped Boeing for Swedish company Saab to replace its fighter jets. Sources told Bloomberg News“The NSA problem ruined it” for the U.S. defense contractor.
Unfettered NSA spying has cost U.S. companies up to $180 billion in lost overseas business. The number is expected to grow.
|By: DSWright Thursday January 9, 2014 12:17 pm|
Boeing delivered a record number of jetliners in 2013. The large amount of orders is likely to keep Boeing as the number 1 airline manufacturer, outpacing its longtime European rival Airbus though both firms are said to be in a boom time as air travel to Asia and Latin America picks up.
|By: Peterr Saturday December 21, 2013 9:15 am|
Remember high school?
The kid on the outside wants to be part of the cool group, and one of the insiders starts to show some interest in the outsider. “Will you . . .” asks the insider, and the outsider waffles. “Once you start hanging out with me, folks will think you’re at least as cool as that other semi-cool kid . . . and maybe cooler” says the insider, and still the outsider waffles. Then word get out about the things the insider has been doing behind the outsider’s back, and the outsider sees how that other semi-cool kid gets treated better. And still the cool kid asks “Will you . . .” At this point in the story, you know what happens next: the outsider looks for a way to get back.
Which brings us to Brazil and Boeing . . .
|By: Anti-Capitalist Meetup Sunday July 28, 2013 5:10 pm|
Wired.com details that not-very-surprising fact that those congressional representatives who received the largest political donations from defense contractors voted last week, 217 to 205, to oppose cuts to NSA’s phone-spying dragnet budget. Those who opposed the cuts, and thus the “Amash amendment” received 122% more defense contractor funds than those who voted against it, with one Democratic exception of Representative Dennis Moran of Virginia.
|By: cocktailhag Thursday January 31, 2013 8:00 pm|
Back in the 90′s, I spent a summer in Seattle working on a project with a former Boeing engineer, and I remember being astonished (and a little alarmed) when he told me about working on the 747 line. “That plane’s been in production for over twenty years, and there are still hundreds of parts that don’t fit together,” he told me, “The guys on the line know exactly where you have to re-drill a hole or just bang the thing together with a mallet.” We were remodeling a house at the time, so I could sympathize, but with a key difference: houses don’t have to fly through the air with hundreds of passengers (and screaming babies) on board.
|By: cocktailhag Thursday November 29, 2012 8:00 pm|
If I were a Republican at this particular moment, I’d have but one wish: Better grifters, please.
|By: Peterr Saturday September 22, 2012 9:00 am|
“There are 47% . . . who are dependent upon government, . . . who believe the government has a responsibility to care for them, who believe that they are entitled to . . . you name it. . . . These are people who pay no income tax.”
You know these 47% who pay no income tax: people like GE, PG&E, CenterPoint, ConEd, Tenet, Boeing, Verizon, Ryder . . .
Because, as Romney told us earlier, corporations are people too. Some are just lazier and more dependent on government than others.
|By: Peterr Friday January 6, 2012 10:50 am|
On Wednesday, Boeing dropped a bombshell on the state of Kansas, announcing that they were closing their plant in Wichita, sending ripples throughout the region.
What makes this plant closure announcement different from others, however, is that in the battle to win back the military tanker contract, Boeing’s CEO promised Kansas Senator Pat Roberts, then-Senator (and now governor) Sam Brownback, and other members of the Kansas Congressional delegation that Boeing would build the tanker in Wichita if the Kansas delegation could prevail on their colleagues to award them the contract.
Roberts and the rest of the GOP is not pleased that after winning the contract, Boeing decided to build elsewhere and close the plant.
Imagine that. A corporation would deceive members of Congress when it suits them. Awwwww . . .