Turbulent times at Boeing

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4.5 • 1.4K Ratings

🗓️ 21 June 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, senators grilled Boeing CEO Dave Calhoun about the aviation company’s safety culture and its retaliation against whistleblowers. But these problems are just the tip of the iceberg for Boeing. We’ll explain. Plus, why President Joe Biden’s new immigration plan is a big deal. And, who knew there were this many cricket fans in the U.S.?

Here’s everything we talked about today:

“Boeing CEO Dave Calhoun testifies before Senate committee on safety issues” from CNBC
“‘Why haven’t you resigned?’ Senators torch Boeing CEO as he apologizes for deadly failures” from Politico
“Boeing CEO Dave Calhoun Apologizes for Quality and Safety Issues at Senate Hearing” from The New York Times
“Boeing’s CEO Search Hits Some Snags” from The Wall Street Journal
“President Biden Announces Plan for Undocumented Spouses on DACA Anniversary” from C-SPAN
“Biden immigration program offers legal status to 500,000 spouses of U.S. citizens. Here’s how it works.” from CBS News
“The economy is roaring. Immigration is a key reason.” from The Washington Post
“Supreme Court rejects challenge to tax on foreign corporate investments” from CNBC
“The Supreme Court upholds a tax on foreign income over a challenge backed by business interests” from The Associated Press
“The Supreme Court leaves a Trump-era offshore tax in place on investors” from NPR
“Supreme Court Upholds Trump-Era Tax Provision” from The New York Times
“ Rising Popularity of Cricket in US” from Bloomberg
“Uber Drivers, Techies Score Wins for Team USA at ICC T20 World Cup 2024” from Bloomberg
“T20 World Cup: The USA cricket team is capturing hearts and minds with historic run” from CNN

Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks and play a round of Half Full/Half Empty!

Transcript

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0:00.0	Hey everybody I'm Kyle Rizdall. Welcome back to Make Me Smart, where we make today makes sense. And I'm Kimberly Adams. Thank you everyone for joining us.
0:15.6	It is Thursday, June the 20th. This being a Thursday we're going to listen back
0:20.7	to some of the big stories of the week, play some audio, and discuss briefly.
0:25.6	First one is from a congressional hearing this past Tuesday on, oh look, Boeing's safety problems.
0:32.5	Is quality part of your compensation package?
0:36.2	Senator, I meet with the FAA pretty regularly.
0:41.5	They don't hold anything back, and I'm not aware of anything that has been cited with respect to those accidents that we haven't taken action on.
0:49.6	Really?
0:50.6	Because we've had whistleblowers.
0:51.3	You said you'd listen to whistleblower testimony. We've had multiple you said you listen to whistleblower testimony we've had multiple
0:53.8	whistleblowers come before this committee and allege that Boeing is cutting every possible
0:58.7	corner on quality and safety not just in the past but now.
1:05.0	Who's doing this? You're me.
1:07.0	That's you. All you.
1:08.0	That's me.
1:09.0	Aviation.
1:10.0	So I'll, aviation, yes.
1:11.0	So that was Josh Hawley, the senator from Missouri and the
1:15.8	embattled CEO of Boeing. His name is Dave Calhoun. Hawley and Senators
1:21.0	actually from both sides of the aisle.
1:22.8	This is a bipartisan corporate drumming that happened here.
1:27.6	Obviously about the company safety culture and its retaliation against whistleblowers,
	...

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