Another Story

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Pictures of Money, flickr, cc

By Ken Sehested

We have a lot of competition for our attention these days. I urge you to give a little space for this matter, which is unfolding right now in Congress.

“Any time there is a crisis and Washington is in the middle of it is an opportunity for guys like me.” —industry lobbyist on Capitol Hill

“Take Boeing. The aerospace giant of course wants a $60bn bailout. Financial problems for this corporation predated the crisis, with the mismanagement that led to the 737 Max as well as defense and space products that don’t work (I noted last July a bailout was coming). The corporation paid out $65bn in stock buybacks and dividends over the last 10 years. . . . Continue reading