Boeing CEO Dave Calhoun faces tough questions about safety culture and whistleblower retaliation. President Biden's immigration plan offers legal status to spouses of U.S. citizens. The Supreme Court upholds tax on foreign income. Cricket gains popularity in the U.S.
Boeing facing safety culture crisis and whistleblower allegations, highlighting governance challenges.
President Biden's immigration plan offers legal status to spouses of U.S. citizens, boosting economic growth.
Deep dives
Boeing Safety Concerns and Whistleblower Allegations
During a congressional hearing, Senator Josh Hawley and others raised serious concerns about Boeing's safety practices and treatment of whistleblowers. The senators criticized Boeing's safety culture and alleged retaliation against whistleblowers, highlighting the company's failure to address quality and safety issues. Additionally, a whistleblower revealed that Boeing had lost track of faulty parts that may have ended up in aircraft, fueling further safety worries. The impending departure of CEO Dave Calhoun adds to the uncertainties facing the aviation giant.
Biden's Immigration Policy and Economic Implications
President Biden announced a new program offering legal status and a pathway to citizenship for undocumented immigrants married to U.S. citizens. This move aims to provide stability and security to around 500,000 spouses of U.S. citizens and enable them to apply for work permits. Recognizing the economic significance of immigration, Biden's policy aligns with the role of immigrants in driving labor market growth in the U.S. post-pandemic, contributing to GDP expansion and job market vitality.
Supreme Court Ruling on Tax Law and Foreign Income
The Supreme Court upheld a crucial component of the Trump tax cuts concerning foreign income, averting potential losses of up to $340 billion by 2027. The case delved into offshore earnings and its tax implications, with concerns raised about the broader tax code's stability in light of the ruling. This complex legal battle, intertwined with debates on wealth taxation, aims to safeguard key tax provisions while navigating intricate financial and policy landscapes.
This week, senators grilled Boeing CEO Dave Calhoun about the aviation company’s safety culture and its retaliation against whistleblowers. But these problems are just the tip of the iceberg for Boeing. We’ll explain. Plus, why President Joe Biden’s new immigration plan is a big deal. And, who knew there were this many cricket fans in the U.S.?
Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks and play a round of Half Full/Half Empty!
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