Current:Home > InvestThe Daily Money: Is Boeing criminally liable for 737 Max deaths? -ProfitLogic
The Daily Money: Is Boeing criminally liable for 737 Max deaths?
View
Date:2025-04-13 06:33:56
Good morning! It's Daniel de Visé with your Daily Money.
Boeing has violated a 2021 agreement that shielded it from criminal prosecution after two 737 Max disasters left 346 people dead overseas, the Department of Justice claims in a new court filing.
According to the DOJ, Boeing failed to "design, implement, and enforce a compliance and ethics program to prevent and detect violations of the U.S. fraud laws throughout its operations."
The planemaker has been under increased scrutiny by regulators and lawmakers this year following the latest grounding of its 737 Max jets.
What happens next?
High interest rates taking a toll on construction
Three years ago, when a local developer hatched plans for a 352-unit apartment building in West Philadelphia, the project was a no-brainer, Paul Davidson reports.
The city needed tens of thousands of affordable and reasonably priced housing units. Construction costs were a relative bargain. And interest rates were at historic lows.
But after pandemic-related material and labor shortages raised construction costs and the Federal Reserve’s flurry of interest rate hikes in 2022 and 2023 pushed borrowing costs to 23-year highs, the developer of the West Philly building scrapped the project.
High interest rates are compounding the effects of spiraling construction costs and forcing developers to scrap, significantly delay or shelve a growing share of projects across the U.S.
Here's how the construction industry is affected.
📰 More stories you shouldn't miss 📰
- Auto insurance costs are rising. Here's how to save.
- Bumble under fire for 'shaming' women.
- Will meme stock traders aid Trump Media?
- What the Fed said about interest rates.
- 3 ways to hedge against inflation.
📰 A great read 📰
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!
Wi-Fi, laptops and mobile phones have made work from anywhere a reality for many of us, Medora Lee reports. But working while moving from state to state could cause a tax headache.
If you work in a different state from where you live, you may have to file more than one state income tax return.
Here are the states to worry about.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.
Daniel de Visé covers personal finance for USA Today.
veryGood! (2)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- California Gov. Gavin Newsom vetoes bill aimed at limiting the price of insulin
- Banned in Iran, a filmmaker finds inspiration in her mother for 'The Persian Version'
- Heavy flooding in southern Myanmar displaces more than 10,000 people
- Don't let hackers fool you with a 'scam
- The Marines are moving gradually and sometimes reluctantly to integrate women and men in boot camp
- Clergy burnout is a growing concern in polarized churches. A summit offers coping strategies
- Making Solar Energy as Clean as Can Be Means Fitting Square Panels Into the Circular Economy
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Schools’ pandemic spending boosted tech companies. Did it help US students?
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Kiptum sets world marathon record in Chicago in 2:00:35, breaking Kipchoge’s mark
- Simone Biles finishes with four golds at 2023 Gymnastics World Championships
- Panthers OL Chandler Zavala carted off field, taken to hospital for neck injury
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Saudi Arabia formally informs FIFA of its wish to host the 2034 World Cup as the favorite to win
- Inexplicable, self-inflicted loss puts Miami, Mario Cristobal at top of Misery Index
- At least 15 people have been killed in floods set off by heavy rains in Cameroon’s capital
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
A Russian-born Swede accused of spying for Moscow is released ahead of the verdict in his trial
Israel intensifies Gaza strikes and battles to repel Hamas, with over 1,100 dead in fighting so far
Luxembourg’s coalition under Bettel collapses due to Green losses in tight elections
Intellectuals vs. The Internet
Florida man, sons sentenced to years in prison after being convicted of selling bleach as fake COVID-19 cure
‘Without water, there is no life’: Drought in Brazil’s Amazon is sharpening fears for the future
Banned in Iran, a filmmaker finds inspiration in her mother for 'The Persian Version'