Current:Home > MarketsThe Daily Money: Is Boeing criminally liable for 737 Max deaths? -StockSource
The Daily Money: Is Boeing criminally liable for 737 Max deaths?
Surpassing View
Date:2025-04-08 09:50:29
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! (52)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Ex-New York Giants running back Derrick Ward arrested in Los Angeles on suspicion of robbery
- Italian prosecutor acknowledges stalking threat against murdered woman may have been underestimated
- The French parliament approves a divisive immigration bill, prompting a heated debate
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Tesla’s Swedish labor dispute pits anti-union Musk against Scandinavian worker ideals
- Detroit police officer faces charges after punch of 71-year-old man turns fatal
- Xfinity hack affects nearly 36 million customers. Here's what to know.
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Deep flaws in FDA oversight of medical devices — and patient harm — exposed in lawsuits and records
Ranking
- Buckingham Palace staff under investigation for 'bar brawl'
- Dick Van Dyke: Forever young
- Robot dogs, e-tricycles and screen-free toys? The coolest gadgets of 2023 aren't all techy
- Newcastle goalkeeper Martin Dubravka confronted by a fan on the field at Chelsea
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- 'Thank you for being my friend': The pure joy that was NBA Hall of Famer Dražen Petrović
- Feds raided Rudy Giuliani’s home and office in 2021 over Ukraine suspicions, unsealed papers show
- Artists, books, films that will become free to use in 2024: Disney, Picasso, Tolkien
Recommendation
Former Danish minister for Greenland discusses Trump's push to acquire island
Pablo Picasso: Different perspectives on the cubist's life and art
1979 Las Vegas cold case identified as 19-year-old Cincinnati woman Gwenn Marie Story
Feds raided Rudy Giuliani’s home and office in 2021 over Ukraine suspicions, unsealed papers show
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
A month after House GOP's highly touted announcement of release of Jan. 6 videos, about 0.4% of the videos have been posted online
Woman who said her murdered family didn't deserve this in 2015 is now arrested in their killings
Cinnamon in recalled applesauce pouches may have had 2,000 times the proposed limit of lead