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Category Archives: fools ‘n frauds
Census – US Population Growth Slowest Ever
Given our urgent need to be internationally competitive and the staunch Republican opposition to helping poor families and young children in favor of tax cuts for the super wealthy, the news comes at a particularly bad time for the Party of Nope , aka Republicans or the grand old white NOPe. When will they put country over ideological allegiance to what is now the party of insurrection and treason? Continue reading
Immunomedics CFO Charged with Insider Trading
Herewith the, err, lowlights from the SEC legal action: while serving as CFO of Immunomedics, Usama Malik learned that the FDA had permitted the company to halt a clinical trial for a breast cancer drug because the existing trial data provided compelling evidence that the drug was effective. Malik – who was subject to a trading “black-out” that prohibited him and anyone living in his household from purchasing Immunomedics stock – immediately told Lauren S. Wood, with whom he lived at the time, as well as three family members. Wood and two of the family members then bought Immunomedics stock, as did an account in the name of the third family member’s spouse. Continue reading
Thanksgiving 2021 – We Celebrate Our 401st Annual Feast
This war was won – against all odds by common militias and irregulars. They compelled a superpower British Army to surrender in the field for the first time since the tyrant Napoleon – because the Crown and its privileged generals were fighting an idea first put forth in our Declaration of Independence, then codified in our Constitution that “We the People” would govern ourselves. This WE idea was bigger than a richly privileged class who hired others to fight for them. Now, once again, the courtiers of privilege and wealth – if not mega-wealth itself – is presiding over our fate using hatred and drummed up grievances that omit WE in favor of traitorous behavior aimed at burning Our Constitution at the hands of proud boys of insurrection. Continue reading
FAA Fines Passengers for Alcohol-Related Unruly Behavior
Some of the cases have been referred to the Department of Justice for criminal action. Federal law prohibits passengers from consuming alcohol aboard a flight that is not served by a flight attendant. In August, the FAA administrator sent a letter to airports requesting that they work to prevent passengers from bringing “to-go” cups of alcohol aboard the aircraft. Continue reading
Biden’s Build Back Better Act Decreases Budget Deficit!
Some of those budgetary effects are associated with programs that are classified as off-budget. The decrease in the on-budget deficit over that period would be $783.3 billion. To do the math for insurrectionist Republicans, this means ~$14 Billion dollars in the black, which probably because of the color means that most Republicans will no doubt oppose it. The failed former president, currently the insurrectionist in chief residing in Flori-duh, not only didn’t actually do anything to repair the infrastructure despite voluminous weekly (weakly?) announcements that it was infrastructure week, his tax cuts for the rich ran up record deficits. Continue reading
Mazda, Toyota Building 2022 Corolla Cross in Alabama
Alabama, aside from its history of racism and white supremacy, is a right to work*” (for less?) state, which means workers don’t have to be unionized.** Want to bet the Mazda will be a crossover, with maybe a sub-line for a hybrid and or EV? Toyota is vehemently lobbying against the Biden Administration’s ambitious Build Back Better plan that has a provision for made in American by union workers to be eligible for substantial taxpayer-subsidized EV subsidies. This is part of a forward-thinking strategic plan to create middle-class jobs and benefits from the Administration that was put in place by a majority of voters to rid our democracy of the treasonous former Administration still being led from Trump Castle in Mar-a-Lago (Mar-a-Lardo?) that promoted the January 6 insurrection attempt to take over the US Capital and overturn the Presidential election, aka Big Lie that is the ongoing core (rotten) of the Republican party.
Continue reading
Lyft Starts Driver Legal Defense Fund vs Abortion Vigilantes
In the latest, but by no means the last development supporting democracy in the face of mob rule, Lyft has created a Driver Legal Defense Fund to cover 100% of legal fees for drivers sued under SB8. Continue reading
FAA Data Show Trends in Dangerous Aircraft Laser Strikes
“Pointing a laser at an aircraft can temporarily blind a pilot and not only affects the crew but endangers passengers and the communities they fly over every night,” said FAA Administrator Steve Dickson. Continue reading
Posted in aviation, fools 'n frauds, litigation, safety
Tagged aircraft laser strikes, auto industry commentary, autoinformed.com, faa, Ken Zino
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FAA – $531,545 in Fines For 34 Unruly Airline Travelers
Today’s fines are part of the agency’s Zero Tolerance campaign against unruly passenger behavior. Earlier in August, the FAA sent a letter to airports requesting they coordinate more closely with local law enforcement to prosecute egregious cases since the FAA does not have criminal prosecutorial authority. The letter also requested that airports work to prevent passengers from bringing “to-go” cups of alcohol aboard the aircraft. Continue reading
SEC Charges Nikola Founder Trevor Milton With Fraud
The SEC’s complaint, filed in U.S. District Court for the Southern District of New York, alleges that Milton founded Nikola in 2015 with the primary goal of manufacturing trucks that run on alternative fuels with low or zero emissions, and building an alternative fuel station infrastructure to support those vehicles. Milton allegedly helped Nikola raise more than $1 billion in private offerings and go public through a business combination conducted by a special purpose acquisition company (SPAC). Continue reading
FBI with a Tesla Employee’s Help Stops Malware Attack
Kriuchkov planned to cripple Tesla’s electric battery plant in Nevada with ransomware and steal company secrets for extortion. Furthermore, it was alleged that Kriuchkov acted on behalf of co-conspirators abroad and attempted to use face-to-face bribery to recruit the insider. Continue reading
Census Survey – Stimulus Payments Eased Financial Suffering
Data from the US Census Bureau clearly support the need and positive effects of stimulus payments, unlike the failed Republican tax cuts for the rich that did not result in increased investments in the US economy because the off-shore holdings were largely fictional tax dodges not real investments in overseas businesses. Continue reading
FAA Wants $14,500 Fine Against Drunken Passenger for Causing an Emergency Landing at JFK Airport
Typically, the FAA addresses unruly-passenger incidents using a variety of methods ranging from warnings and counseling to civil penalties. Effective immediately, however, the FAA will not use warnings or counseling. The agency will pursue legal enforcement action against any passenger who assaults, threatens, intimidates, or interferes with airline crew members. This policy will be in effect through March 30, 2021. Why should it stop then was unexplained? Continue reading
Winter Storms Clobber Texas Small Businesses Unduly
There were, however, no questions about their impact on Cancun Ted Cruz’s taxpayer funded vacation that was widely documented in the media. Consider that it’s while designed to measure changing business conditions during the coronavirus pandemic, the SBPS also captures the impact of natural disasters on small business. The picture above documents the damage Texas Governments did to their own small businesses. Continue reading
Nikola to Pay $125 Million to SEC on Fraud Charges
The SEC’s order says that “before Nikola had produced a single commercial product, Milton embarked on a public relations campaign aimed at inflating and maintaining Nikola’s stock price. Milton’s statements in tweets and media appearances falsely gave investors the impression that Nikola had reached certain product and technological milestones.” Continue reading →