Current:Home > NewsThe Daily Money: Is Boeing criminally liable for 737 Max deaths? -Zenith Money Vision
The Daily Money: Is Boeing criminally liable for 737 Max deaths?
View
Date:2025-04-12 20:04:03
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! (865)
Related
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- A judge has branded Google a monopolist, but AI may bring about quicker change in internet search
- People with sensitive stomachs avoid eating cherries. Here's why.
- Illinois Gov. Pritzker criticizes sheriff for hiring deputy who fatally shot Sonya Massey
- Meta donates $1 million to Trump’s inauguration fund
- PHOTO COLLECTION: AP Top Photos of the Day Tuesday August 6, 2024
- Why is 'Brightwood' going viral now? Here's what's behind the horror sensation
- Johnny Wactor Shooting: Police Release Images of Suspects in General Hospital Star's Death
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Vote sets stage for new Amtrak Gulf Coast service. But can trains roll by Super Bowl?
Ranking
- Skins Game to make return to Thanksgiving week with a modern look
- Judge keeps alive Vermont lawsuit that accuses police of force, discrimination against Black teen
- Ancient 'hobbits' were even smaller than previously thought, scientists say
- How Blake Lively Honored Queen Britney Spears During Red Carpet Date Night With Ryan Reynolds
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- NCAA Division I board proposes revenue distribution units for women's basketball tournament
- Pitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium
- Weak spots in metal may have led to fatal Osprey crash off Japan, documents obtained by AP reveal
Recommendation
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Billy Bean, second openly gay ex-MLB player who later worked in commissioner’s office, dies at 60
US women will be shut out of medals in beach volleyball as Hughes, Cheng fall to Swiss
Kamala Harris' vice president pick Tim Walz has a history of Taylor Swift, Beyoncé fandom
Military service academies see drop in reported sexual assaults after alarming surge
Josh Hall Mourns Death of Longtime Friend Gonzalo Galvez
PHOTO COLLECTION: AP Top Photos of the Day Tuesday August 6, 2024
Josh Hall Mourns Death of Longtime Friend Gonzalo Galvez