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Profits And Payouts Over Passenger Safety

While the companies responsible for the door plug that blew out of a plane in mid-air last week were cutting corners, outsourcing manufacturing, laying off employees, and working to evade expensive safety upgrades, they paid their top executives $817 million and showered Wall Street investors with $68 billion in dividends and stock buybacks over the past decade. By some estimates, the amount spent on stock buybacks that enriched shareholders was more than the projected cost of making safety upgrades that experts say were necessary. Boeing, manufacturer of the 737 Max 9 jet that suffered the mid-flight rupture last week, laid off tens of thousands of workers in 2020, following the grounding of its entire 737 Max fleet after two catastrophic crashes that together killed 346 people.

The Climate Justice Shot Heard ‘Round The World

In 1775, the first battles of the American Revolution began in Massachusetts at Lexington and Concord with what is now known as the “shot heard ’round the world.” Three miles away, at an airport known as Hanscom Field, climate activists are launching what might be the newest shot to ring across a warming planet: No new private jet infrastructure. Located 14 miles outside Boston, Hanscom is New England’s largest private jet port. Private jets are the epitome of private excess at public and planetary expense. They pollute between 10 and 20 times more per passenger than commercial flights.

London Brazenly Steals Venezuelan Gold As US Hijacks Boeing 747

The President of Venezuela, Nicolás Maduro, accused the United Kingdom on Wednesday, August 3, of stealing in a “brazen and outrageous” way the Venezuelan gold deposited in London, where a court announced last week that it would continue to retain the precious metal from Venezuela’s reserves. In a conference with entrepreneurs at the Teresa Carreño facilities in Caracas, the head of state stated that for Venezuela it is an operation of “kidnapping and theft” of the 31 tons of gold, valued at approximately 1,600 million euros. “Venezuela must know that it is an act of piracy and theft, and the whole world must know that there is no legal certainty in London or in the Bank of England, that at any moment the countries of the world can be robbed of their international reserves, their gold reserves,” he said.
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