No Name, No fly list

[Image]( EMAIL}/redirect (Advertisement) Posted on Monday, December 23rd, 2019 By Jason and Jeff on Raging Bull There are several occupations in which accuracy doesn't matter... rocket science is not one of them. Boeing found this out the hard way on Friday after its first-ever Starliner space launch went awry. The Starliner launch, which took place early on Friday in Florida, went off without a hitch. That is, until the capsule's internal clock malfunctioned, causing the thrusters to detach 15 minutes earlier than planned, leaving Starliner stranded in the wrong orbit. A mistake that critics call a "simple technical misstep." Boeing had this to say about the premature evacuation: “this usually never happens.” EMAIL}/redirect (Advertisement) Unmanned Luckily for Boeing, NASA, and at least a handful of lab monkeys, the flight was uncrewed, with only a mannequin named Rosie the Riveter aboard the craft. Trust us, stranding a pilot in the wrong orbit results in a sh*t load of paperwork. The downside of the misfire, in addition to Boeing becoming the laughing stock of the aerospace industry, is that the capsule couldn't make it's scheduled rendezvous with the International Space Station. You try telling a bunch of dudes stranded in space that Rosie the Riveter isn’t going to arrive. The craft did return safely to earth. So there's something to hang your hat on... I guess. The bottom line... Boeing can't seem to get it done on earth, let alone a different orbit. If you remember, Boeing has had quite a few issues with its grounded 737 MAX airliner, which experienced two crashes over five months, claiming the lives of 346. As for the space travel competition, Elon Musk, in particular, must have been pleased with Boeing's result. Musk's SpaceX recently completed a similar test flight that made it to the ISS. For what it’s worth Musk’s success didn’t come without a handful of “failures to launch.” Boeing stock closed down 1.65% on Friday. EMAIL}/redirect (Advertisement) ☑️ That'll do pig. China is rolling back tariffs like it's Wally World. In a broad move, not directly related to the US-China trade war, the People's Republic announced that it will cut import tariffs on items such as frozen pork, pharmaceuticals, and some phone components. The move is part of China's attempt to prove that it's totally cool with capitalism. ☑️ Slackers. The SEC launched an investigation with the NYSE to determine if Slack gave pricing info to private investors just prior to its direct listing. The investigation will determine if the Designated Market Maker (read: stock price setter), Citadel Securities, purposefully put out a lower price range to the market compared to what it told private investors. On the morning of Slack's direct listing, during pre-market trading, stockbrokers on the NYSE complained that Slack’s price was set too low. The initial range from Citadel Securities on Slack was $30 to $34. It eventually opened at $38.50. ☑️ Merger secured. The FCC and Justice Department have filed paperwork in support of the merger of T-Mobile and Sprint. Meanwhile state attorneys general are currently suing the two companies in an attempt to block the merger on the grounds of the deal reducing competition, thus harming consumers. As if T-Mobile and Sprint's penchant for dropped calls and mediocre service wasn't already a national tragedy. The federal government wielding its power against the states isn't exactly par for the course... and probably doesn't bode well for the states' chances. Can you hear them now, Verizon? ☑️ Cruise ship, dead ahead! While you were ducking out early on Friday to start your end of year bender, two Carnival cruise ships were getting their Titanic on(read: crashing into each other) off the coast of Mexico. Bearing witness to maritime tragedy is not currently listed on Carnival's list of trip upgrades. The two ships collided in port as a squall came through and knocked them together. Six people were injured, none of them major. The ships themselves suffered minor damage but are still fully functioning. ☑️ Ready for the big screen. Viacom announced on Friday that it is taking a 49% stake in film company Miramax for $375M. The bargain-basement price reflects the sad truth that Miramax's last hit was 'Bridget Jone's Baby.' The move will help bolster newly merged ViacomCBS’ catalog as it competes for eyeballs online. Viacom will pay $150M upfront and then invest another $225M towards the development of new films over the next five years. 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