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Everything posted by oldshurst442
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Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
You answered that after I called you out on your douchiness, then you play the victim... https://www.seattletimes.com/business/boeing-aerospace/failed-certification-faa-missed-safety-issues-in-the-737-max-system-implicated-in-the-lion-air-crash/ As Boeing hustled in 2015 to catch up to Airbus and certify its new 737 MAX, Federal Aviation Administration (FAA) managers pushed the agency’s safety engineers to delegate safety assessments to Boeing itself, and to speedily approve the resulting analysis. But the original safety analysis that Boeing delivered to the FAA for a new flight control system on the MAX — a report used to certify the plane as safe to fly — had several crucial flaws. That flight control system, called MCAS (Maneuvering Characteristics Augmentation System), is now under scrutiny after two crashes of the jet in less than five months resulted in the FAA’s March 13 order to ground the plane. Current and former engineers directly involved with the evaluations or familiar with the document shared details of Boeing’s “System Safety Analysis” of MCAS, which The Seattle Times confirmed. The safety analysis: Understated the power of the new flight control system, which was designed to swivel the horizontal tail to push the nose of the plane down to avert a stall. When the planes later entered service, MCAS was capable of moving the tail more than four times farther than was stated in the initial safety analysis document. Failed to account for how the system could reset itself each time a pilot responded, thereby missing the potential impact of the system repeatedly pushing the airplane’s nose downward. Assessed a failure of the system as one level below “catastrophic.” But even that “hazardous” danger level should have precluded activation of the system based on input from a single sensor — and yet that’s how it was designed. The people who spoke to The Seattle Times and shared details of the safety analysis all spoke on condition of anonymity to protect their jobs at the FAA and other aviation organizations. Both Boeing and the FAA were informed of the specifics of this story and were asked for responses 11 days ago, before the second crash of a 737 MAX on March 10. Late on the 15th, the FAA said it followed its standard certification process on the MAX. Citing a busy week, a spokesman said the agency was “unable to delve into any detailed inquiries.” -
Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
Yet you answer me like a troll... Without offering a counter point... With using italics to prove some sort of internet warrior point...insinuating something about my opinion...and that somehow your opinion is righteous because you just simply wont believe that Boeing CEOs and its engineers could not possibly cover anything up... You are so sure of the American Justice system are you that they might find Boeing guilty? Yet you do not question how the phoque the FAA certified the Boeing 737 Max to begin with... Read on how the FAA took Beoing's word on how safe the Max 8 is before initial certification because the Max 8 is based on a 737...despite the Max having new engines, wings... Read on how the FAA did not ground the Max IMMEDIATELY after the 2nd crash, especially when reports came IMMEDIATELY that the 1st and 2nd crash had SIMILAR failures... Yes...you are a vigilant one on not pursuing blame without proof, yet proof is there in front of you...if you took the time to read... But...its OK... Continue to answer like a douche and when somebody answers you back like a douche, act like an innocent victim... -
Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
Play on words... I got no time to argue on a play on words... But yeah...their solution failed...and yeah...they have blood on their hands... And if the business culture they are in allows for that to happen...then yeah... What are you trying to argue here? Aircraft safety regulations are not a joke!!! This is not an industry where a company is allowed to cheap out on a piece to save a few cents and then an accident happens and then its so what... This is an industry where EVERYTHING regarding safety is calculated and NOT ONE MISTAKE SHOULD BE MADE...BEFORE CERTIFICATION... If a crash happens, the reason for an investigation PRIMARILY is NOT to lay blame, but to learn what happened and to fix it and prevent it from happening again... In fact, all aircraft safety regulations are a DIRECT RESULT from previous aircraft accidents. Fatal or non fatal. Which is sombre in itself because the industry gets safer AFTER an accident occurs. In THIS case, the investigation is to FIND blame... -
Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
Well, the CEO took responsibility for it, after months of blaming the airlines, the pilots of those airlines... https://www.flightglobal.com/news/articles/video-boeing-takes-responsibility-for-eliminating-457254/ Maybe what I said about "knowingly" might not be accurate either, but I think certain engineers and software programmers knew that the system may not be 100%. https://simpleflying.com/737-max-design-changes/ But... earlier in the investigstions after most of the European Boeing 737 MAX 8 carriers GROUNDED the airplane, Boeing and the FAA and Canada's transport minister did NOT want to admit fault...2 days later after the WORLD stated concerns, Canada, FAA and Boeing grounded the 737... It shoukd have done so from the get go!!! https://www.reuters.com/article/us-ethiopia-airplane-usa/u-s-to-mandate-design-changes-on-boeing-737-max-8-after-crashes-idUSKBN1QS2CL U.S. Transportation Secretary Elaine Chao told reporters regulators would not hesitate to act if they find a safety issue. “If the FAA identifies an issue that affects safety, the department will take immediate and appropriate action,” Chao told reporters. “I want people to be assured that we take these incidents, these accidents very seriously.” Boeing’s top executive told employees on Monday he was confident in the safety of the U.S. manufacturer’s top-selling 737 MAX aircraft. The company added that it was “still early” in the Ethiopian Airlines investigation. Reuters and other media outlets have reported that Boeing has for months planned design changes after the Lion Air crash in Indonesia but the FAA notice was the first public confirmation. Canada’s transport minister also said he will not hesitate to act once the cause of the crash is known. https://www.cnbc.com/2019/03/19/transportation-secretary-asks-departments-inspector-general-to-audit-faas-certification-of-boeing-737-max.html The Boeing 737 Max 8 features larger engines than previous models and to address potential in-flight stalls, Boeing added an automatic anti-stall system that points the nose of the plane downward, the way pilots recover from such a position. However, if the sensors that determine if the plane is in a stall receive erroneous data and point the nose down, the consequences could be catastrophic. Investigators probing the doomed Lion Air crash in Indonesia have indicated that the pilots appeared to be battling the system and the similarities between that crash and the Ethiopian Airlines crash have increased scrutiny from lawmakers and regulators on Boeing and the FAA on the plane’s launch. Both aircraft that crashed had similar problems...and yet Boeing and the FAA INITIALLY REFUSED to accept those facts...after the WORLD gave pressure, and after all kinds of shyt excuses, only then did Boeing and the FAA ground the plane. There were American airline carriers and Canadian that were flying the Boeing 737 Max 8 AFTER the crashes!!! DO YOU BELIEVE THAT! Air Canada grounded its fleet because of PUBLIC pressure and THEN the Canadian Transport Minister also told canadian airliners to ground the 737 and then after the FAA grounded the plane...only to ADMIT that there is something wrong...and yet, many pilots in the beginnning flying this aircraft have complained that the safety measures do not make sense...that would be BEFORE the two planes crashed... So yeah...something is fishy...lots of deflection and blame gameing going on.. Would something happen to Boeing and their CEOs and software engineers if investigations found to be guilty, if those investigations are being made to find the truth anyway? Depends how corrupt the supervision is? -
Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
Ill tell you why some shytty South American, Central American countries and Mexico piss me off with their Drug cartels! Why on earth are some Chevy Silverados, Blazers built in Mexico? Lower wages? Because North American workers get paid too much? All shytty excuses that DOES US AMERICANS AND CANADIANS HARM!!! Maybe if Mexico fixed their corruption, took care of their illegal drug infested economy, took care of their people, their people not afraid of the crooks and the law alike, (people get abducted for ransom apparently in Mexico on a regular basis...how phoqued up is that?) maybe their economy would align more like Canada and the US and maybe the factory workers would get paid more or less what an American or Canadian worker would get paid, then the incentive for big business to seek slave labour would be less for Mexico to get all those factories... (Or are you guys soooooo in favour of big business making sooooooo much money and profit that their CEOs have sooooo much money that they could buy off your politicians and that paying a salaried worker a good pay is not part of your philosophy?) And THAT is a DIRECT result of their DRUG CARTELS leading the country. The US and Canada battled organized crime. Its still present, but the claw that the different mafias had during the peak decades of the 1960s, 1970s, 1980s is diminished immensely. We took care of our business in that sense. We still have a ways to go...but it seems Mexico, China, do little with the illegal drug trade on their end... -
Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
Sure it is...no really!!! But, there are two things that are happening right now, since the 1980s Id say 1. There is no supervision what so ever 2. And if there is supervision, the supervision gets to do a lot of turning blind eyes while receiving special envelopes to allow scrupulous business practices to happen. And some of the supervisors are allowed get to play the game as well... And this is common practice not only in individual countries with a limited amount of businesses. But across MULTIPLE countries all involved with each other, sleeping together and not only with legit businesses, and not a finite amount of legit businesses but with illegal products as well... Amazon. Undercut pricing for years and losing billions for years but allowed to continue with predatory business practices (not only in North America, but the world, but the US has allowed Amazon to do this...and now has become a leader...NOT PAYING TAXES in ANY country. In some cases, using FEDERAL shipping agencies, the US postal service, to ship their goods. Trump said something like that to shut down Amazon, but then again, he as a business man is no less scrupulous... UBER. In Quebec, A taxi driver has to buy a 150 000 dollar taxi license. This licence does many things. Protects the consumer and company alike with different regulations and the like. Anyway...UBER for so long always stated that they were NOT a taxi service, to circumvent taxi laws not only in Quebec, but around the world. UBER undercuts taxi pricing to squeeze out the legit taxi business model, all the while NOT paying taxi licenses, taxes...continues to bleed billions, in hoping they too, become like Amazon... Civil unrest though does happen, but yet again, governments allow this predatory tactic to happen... https://globalnews.ca/news/5132699/protest-taxi-drivers-block-traffic-downtown-montreal/ In Quebec, the Government allowed UBER to continue on their non taxi service. Then they threatened to ban Uber because UBer refused to pay the 150 000 liciense fee. Now, the government wants to DEREGULATE the iindustry, yet dont want to reimburse those taxi drivers/owners the 150 000 dollar business fee/license... BOEING: Knowingly sold a defective 737 Max 8. Knowingly had a software program to bypass a certain problem. Did not train airline companies properly on this software program. Software program sensors in some cases were the problem and not the program itslef, yet REFUSED to ground the aircraft. Not once, but twice. The FAA did not properly certify the aircraft BEFORE it was sold. The FAA continued to allow Boeing to police itself after the 1st crash. Boeing begged American airline companies, and Canadian, to NOT ground the plane after the 2nd crash. It took a week or two, reluctantly for Boeing AND the FAA to ground the 737 Max 8, after the 2nd crash. Before they did that, they blamed pilot error. There is a rumor that Boeing sold separately necessary safety features. Those necessary safety features were OPTIONS... They tried to blame 3rd world airline companies for not ponying up the extra cash for the necessary safety features when those safety features are supposed to be MANDATORY, NOT OPTIONAL!!! Banks and Wallstreet Goldman Sachs, Morgan Stanley, LLoyds of London anbd all those greedy banks that sold questionable iffy mortgages to people then sold those "assets" as investments and those failed causing a world meltdown..., ILLEGAL DRUG TRADE There is soooo much to talk about this...but politicians really dont give a phoque. Yes it starts at home, good family units, taking care of depression, NOT having negative stigmas concerning the mentally ill and the like... But it really is a huuuuge problem when illegal drugs come into another country. All kinds of problems with that....but there is no supervision anywhere by anyone for that... Instead...WE CRIMINALIZE AND JUDGE THE USER!!! WE BLAME THE POVERTY SITUATION, THE LACK OF EDUCATION OF THE USER, THE MENTAL ILLNESS THE USER HAS, THE BROKEN FAMILY HE IS IN BUT WE NEVER EVER HATE ON THE BIG TIME DRUG CARTELS PROOF: JUST LOOK AT THE RESPONSES HERE AND THE UPVOTES FOR SAYING STUFF LIKE IT STARTS AT HOME OR WHY DO USERS USE DRUGS IN THE FIRST PLACE. NOTHING REGARDING THE SHYTE THAT OTHER COUNTRIES ALLOW THAT ENABLE DRUG CARTELS TO EXIST IN THE FIRST PLACE!!! THE SUPERVISION IS LACKING, NON? BECAUSE THE SUPERVISION IS IN THE HANDS OF THE DRUG CARTELS...THE SUPERVISION IS CORRUPT AND INSTEAD OF FIGHTING DRUG ADDICTION, WE TURN A BLIND EYE TO IT AND SWEEP IT UNDER THE RUG BLAMING THE ADDICTED...AND DO NOTHING TO COMBAT THE CORRUPTION EITHER!!! -
Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
I agree 100% I dont feel good about blaming other countries for our own lack of social stability and lack of education. Our own breakdown of family values, etc... Its easy to do though... Its easy to do because we do NOT have the answers to solve this. It starts at home. But parenting is going to the dogs. Has been going to the dogs since the 1960s... As far as mental illness goes, our views have to change about mental illness before that kind of drug addiction goes away. Plus...if North Americans could STOP asking for doctors to subscribe them a pill (or several pills) to pop for every little thing that causes us stress... But this would be why Im pissed at Mexico and Brazil and Venezuela and China and the rest... Because in reality, THEIR mess spills unto our mess and it becomes very very hard to deal with inside our own countries. If these countries would be a lot less corrupt and deal with THEIR mess, it be a lot easier to deal with the illegal shenanigans on our side of things. President Trump...on the border and the wall...I think in reality, THIS is what he is referring to. Yes, he is pandering to the lowest common denominator which won him the Presidency, but his pandering does not mean that what he is hinting at is not true...(his words might not be correct, but his message behind those dumb words he chooses to use do have some element of truth to them...) -
^^^ Those are pretty nice beaches. These are lake beaches???!!! They freakin' look like sea beaches!!! Mind you, the Great Lakes ARE bigger than most countries... There is another reason why I equate the Great Lakes to Niagara Falls and the Saint Lawrence River. Blame the CBC and the Government of Canada for that. I was raised on that little video clip watching Mr.Dressup and the Friendly Giant. If you click on the youtube video, you will notice that the only unmistakable glimpse of a Great Lake IS Niagara Falls and then we KNOW the Saint Lawrence River comes next as we could clearly see the CN Tower (Toranah as Don Cherry says it), Montreal (the American Exposition @ Expo'67) and leading to Quebec City. (On land mind you, but Chateau Frontenac is front and center and the Saint Lawrence is back!!!) From Canada's Coast to Coast is quite clear. Niagara Falls is quite apparent! No other clear hint of the other 4 Great Lakes though... And since Im feeling quite proud to be Canadian...here is another for you my Canadian brother! (@Frogger) From CBC again! I always LOVED that kiss at the end. I was no older than that blonde kid myself when I first saw that clip! Brings a tear to my eye!
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Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
Mexico pisses me off for other reasons. As other shytty Central and South American countries. Drug Cartels! And the corruption that involves that shyt which spills into both of our countries in the form of police, justice and government corruption and drug addiction and violence on our streets. China too with their inaction against their abusive fentanyl practices... I know Im blaming other countries for the inadequacies of our own family structures and our breakdown of our own societies regarding poverty and lack of education but still, its THEIR illegal drugs that fuel our drug addictions. -
There is nothing to finance. There is NO secret formula. No magic... Well...I am wrong. Im sorry. The mystery to finance for big business is...deception and thievery. That is it! On the grass roots of business, the secret is: 1.Location Location Location 2.Hard work 3.Have a product or service that you could sell and make money on it. And the order does not matter as all three are equally important. When the grass roots grow and when the business becomes bigger, then greed kicks in... And THAT is when con artistry, thievery and deception kicks in... That is it! Nothing else!
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I dont really care either way...(even if Im Canadian and this is about the President of the Untied States of America and his tax breaks) but... https://en.wikipedia.org/wiki/Morgan_Stanley since 2003, Morgan Stanley has sure paid a lot of fines for um...questionable business practices...I wouldnt be putting too much worth on what Morgan Stanley says... Im sure they got their own political and economical reasons and biases to um...be less than favorable on certain outcomes of what the President wanted to do with his tax breaks... Corruption, con artistry and thievery is...um...a thing for big business in the USA right about now...(and it seems long before Mr. Trump took office, but then again, he was and still is a cog in the wheel of big business) I aint denying what they are saying, Im just saying I wouldnt put too much faith in their words because to me...they are sumbitches like every other con artist in history of mankind... Controversies and lawsuits[edit] 2003[edit] In 2003, Morgan Stanley agreed to pay $125 million in order to settle its portion of a $1.4 billion settlement brought by Eliot Spitzer, the Attorney General of New York, the National Association of Securities Dealers (now the Financial Industry Regulatory Authority (FINRA), the United States Securities and Exchange Commission, (SEC) and a number of state securities regulators, relating to intentionally misleading research motivated by a desire to win investment banking business with the companies covered.[51] 2004[edit] In June 2004, the New York Stock Exchange (NYSE) imposed a penalty of a censure and $140,000 fine for incorrectly using customers' margined securities as collateral for cash management loans.[52] In 2004, Morgan Stanley settled a sex discrimination suit brought by the Equal Employment Opportunity Commission for $54 million.[53] In 2007, the firm agreed to pay $46 million to settle a class action lawsuit brought by eight female brokers.[54] In July 2004, the firm paid NASD a $2.2 million fine for more than 1,800 late disclosures of reportable information about its brokers.[55] In September 2004, the firm paid a $19 million fine imposed by NYSE for failure to deliver prospectuses to customers in registered offerings, inaccurate reporting of certain program trading information, short sale violations, failures to fingerprint new employees and failure to timely file exchange forms.[56] In December 2004, the firm paid a $100,000 fine to NASD and $211,510 in restitution to customers for failure to make proper disclosures to municipal bond investors. In the course of NASD's investigation, Morgan Stanley's failure to make a timely response to requests for information resulted in censure and an additional $25,000 fine.[57] 2005[edit] The New York Stock Exchange imposed a $19 million fine on January 12, 2005 for alleged regulatory and supervisory lapses. At the time, it was the largest fine ever imposed by the New York Stock Exchange.[58] On May 16, 2005, a Florida jury found that Morgan Stanley failed to give adequate information to Ronald Perelman about Sunbeam thereby defrauding him and causing damages to him of $604 million. In addition, punitive damages were added for total damages of $1.450 billion. This verdict was directed by the judge as a sanction against Morgan Stanley after the firm's attorneys infuriated the court by failing and refusing to produce documents, and falsely telling the court that certain documents did not exist.[59] The ruling was overturned on March 21, 2007 and Morgan Stanley was no longer required to pay the $1.57 billion verdict.[60] 2006[edit] Morgan Stanley settled a class action lawsuit on March 2, 2006. It had been filed in California by both current and former Morgan Stanley employees for unfair labor practices instituted to those in the financial advisor training program. Employees of the program had claimed the firm expected trainees to clock overtime hours without additional pay and handle various administrative expenses as a result of their expected duties. A $42.5 million settlement was reached and Morgan Stanley admitted no fault.[61] In May the firm agreed to pay a $15 million fine. The Securities and Exchange Commission accused the firm of deleting emails and failing to cooperate with SEC investigators.[62] On September 25, 2009, Citigroup Inc. filed a federal lawsuit against Morgan Stanley, claiming its rival failed to pay $245 million due under a credit default swap agreement. The breach-of-contract lawsuit was filed in Manhattan federal court and seeks unspecified damages.[63] 2007[edit] The Financial Industry Regulatory Authority (FINRA) announced a $12.5 million settlement with Morgan Stanley on September 27, 2007. This resolved charges that the firm's former affiliate, Morgan Stanley DW, Inc. (MSDW), failed on numerous occasions to provide emails to claimants in arbitration proceedings as well as to regulators. The company had claimed that the destruction of the firm's email servers in the September 11, 2001 terrorist attacks on New York's World Trade Center resulted in the loss of all email before that date. In fact, the firm had millions of earlier emails that had been retrieved from backup copies stored in another location that was not destroyed in the attacks.[64] Customers who had lost their arbitration cases against Morgan Stanley DW Inc. because of their inability to obtain these emails to demonstrate Morgan Stanley's misconduct received a token amount of money as a result of the settlement. In July 2007, Morgan Stanley agreed to pay $4.4 million to settle a class-action lawsuit. The firm was accused of incorrectly charging clients for storage of precious metals.[65] In August 2007, Morgan Stanley was fined $1.5 million and paid $4.6 million in restitution to customers related to excessive mark-ups in 2,800 transactions. An employee was charged $40,000 and suspended for 15 days.[66] 2008[edit] Under a settlement with New York Attorney General Andrew M. Cuomo, the firm agreed to repurchase approximately $4.5 billion worth of auction rate securities. The firm was accused of misrepresenting auction rate securities in their sales and marketing.[67] 2009[edit] In March 2009, FINRA announced Morgan Stanley was to pay more than $7 million for misconduct in the handling the accounts of 90 Rochester, NY-area retirees. [68] In May 2009, a trader at the firm was suspended by the FSA for a series of unauthorized commodities trades entered after becoming intoxicated during a three and half hour lunch.[69] A week later another trader at the firm was banned for deliberately disadvantaging clients by 'pre-hedging' trades without their consent.[70] The Financial Services Authority fined the firm £1.4m for failing to use controls properly relating to the actions of a rogue trader on one of its trading desks. Morgan Stanley admitted on June 18, 2008 this resulted in a $120m loss for the firm.[71] Morgan Stanley managing director Du Jun was convicted of insider trading after a criminal trial in Hong Kong. Mr. Du was accused of buying 26.7 million shares of Citic Resource Holdings while in possession of confidential information about the company. He gained this information as part of a Morgan Stanley team working with the company on a bond issuance and the purchase of an oil field in Kazakhstan. Morgan Stanley's compliance department was criticized for failing to detect Mr. Du's illegal trades.[72] 2010[edit] In April, the Commodity Futures Trading Commission announced the firm agreed to pay $14 million related to an attempt to hide prohibited trading activity in oil futures.[73] 2011[edit] A Morgan Stanley trader was barred from the brokerage industry and fined for entering fake trades to fool firm risk management systems causing millions in losses.[74] The Department of Justice sought a $4.8 million fine from Morgan Stanley for its part in an electricity price-fixing scandal. Con Edison estimated that the crime cost New York state consumers about $300 million. Morgan Stanley earned revenues of $21.6 million from the fraud.[75] 2012[edit] On April 3, the Federal Reserve announced a Consent Order against the firm for "a pattern of misconduct and negligence in residential mortgage loan servicing and foreclosure processing." The consent order requires the firm to review foreclosure proceedings conducted by the firm. The firm will also be responsible for monetary sanctions. [76] Garth R. Peterson, one of Morgan Stanley’s highest-ranking real estate executives in China, pleaded guilty on April 25 to violating U.S. federal anticorruption laws. He was charged with secretly acquiring millions of dollars' worth of property investments for himself and a Chinese government official. The official steered business to Morgan Stanley.[77] Morgan Stanley was fined $55,000 by Nasdaq OMX for three separate violations of exchange rules. A Morgan Stanley client algorithm started buying and selling enormous volumes by mistake. Furthermore, after the exchange detected the error, they were unable to contact the employee responsible.[78] Morgan Stanley settled a claim from FINRA and paid restitution together totaling almost $2.4 million. Morgan Stanley was accused of improperly supervising and training financial advisors in the use of non-traditional ETF products. This resulted in inappropriate recommendations to several of its retail brokerage customers.[79] Morgan Stanley is facing lawsuits and government investigation surrounding the Facebook IPO. It is claimed that Morgan Stanley downgraded their earnings forecasts for the company while conducting the IPO roadshow. Allegedly, they passed this information to only a handful of institutional investors. "The allegations, if true, are a matter of regulatory concern" to FINRA and the SEC according to FINRA Chairman Richard Ketchum.[80] Morgan Stanley agreed to pay a $5 million fine to the Commodity Futures Trading Commission and an additional $1.75 million to CME and the Chicago Board of Trade. Morgan Stanley employees improperly executed fictitious sales in Eurodollar and Treasury Note futures contracts.[81] On August 7, 2012, it was announced that Morgan Stanley would have to pay $4.8 million in fines in order to settle a price fixing scandal, which has been estimated to have cost New Yorkers $300 million to date. Morgan Stanley has currently made no admission of any wrongdoing; however, the Justice Department commented that they hoped this would "send a message to the banking industry".[82] 2014[edit] In February, Morgan Stanley agreed to pay $1.25 billion to the US government, as a penalty for concealing the full risk associated with mortgage securities with the Federal Housing Finance Agency.[83] In September 2014, Morgan Stanley agreed to pay $95 million to resolve a lawsuit pursued by the Public Employees' Retirement System of Mississippi (MissPERS) and the West Virginia Investment Management Board. Morgan Stanley was accused of misleading investors in mortgage-backed securities.[84] 2015[edit] In May 2015, Morgan Stanley was fined $2 million for short-interest reporting and rule violations for more than six years, by the Financial Industry Regulatory Authority. [85] In June 2015, the Financial Industry Regulatory Authority announced that it fined Morgan Stanley Smith Barney, LLC (Morgan Stanley) $650,000 for failing to implement reasonable supervisory systems to monitor the transmittal of customer funds to third-party accounts. [86] 2016[edit] February 2016, Morgan Stanley will pay $3.2 billion to strike a settlement with state and federal authorities over Morgan Stanley’s creation of mortgage-backed bonds before the financial crisis. [87] August 2016, Morgan Stanley Hong Kong Securities Ltd., was fined HK$18.5 million ($2.4 million) by Hong Kong’s securities regulator, Securities and Futures Commission, for violations of Hong Kong’s Code of Conduct. Included was Morgan Stanley’s failure to avoid conflict of interest between principal and agency trading.[88] December 2016, another unit of Morgan Stanley paid $7.5 million to settle customer protection rule violations.[89] 2017[edit] In January 2017, the corporation was fined $13 million due to overbilling and violating investor asset safeguarding custody rules. Morgan Stanley agreed to pay the fine without commenting on the charges.[89] 2018[edit] Douglas E. Greenberg, a broker, was placed on administrative leave in 2018, after it was reported in March 2018 that four women from Lake Oswego, Oregon had sought police protection against him over a 15-year period for allegations of harassment, threats, and assault.[90][91][92] According to the report, executives at Morgan Stanley were aware of the allegations, and knew of at least two arrests and a federal subpoena against Greenberg, but did not take any action.[93] Greenberg had previously been charged for violating another restraining order against a different ex-girlfriend, and had pleaded no contest to a misdemeanor charge of criminal trespassing. In 2016, Morgan Stanley offices received federal subpoenas regarding allegations of abuse involving Greenberg's ex-wife in 2016.[90] The story has been called a #MeToo moment for Portland's financial service industry.[92] Greenberg managed tens of millions of dollars for Morgan Stanley and had made the 2018 Forbes list for top wealth advisors in Oregon.[90][94] After the report, a representative for Morgan Stanley said Greenberg was on "administrative leave pending further review of this situation".[90] Greenberg's Twitter account continued to tweet investment advice after he was placed on leave by Morgan Stanley.[91]
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How about a supercharged version? The reason why I ask is because Ford just released a supercharged version as you know. You mentioned it. The Mustang has 3 flavours of V8s in the Mustang. 1. Over 700 horsepower on a supercharged 5.2 liter V8 . Possible torque? Maybe Im hoping over 600 ft.lbs because this flavoured Mustang is not only a Chevy Camaro ZL1 competitor for track and hp numbers alike, but Hellcat muscle car competitor as well...and torque is needed for that. 2. A 520 horsepower 5.2 liter "flat plane crank" V8 for track. Naturally aspirated. The torque might be a little lower on this, but its a high revver. This flavoured Mustang really has no equal because this particualr Mustang is more European flavoured than the other two pony cars. 3. 480 horsepower and 420 ft.lbs on a 5.0 liter naturally aspired. These are 3 DISTINCT and UNIQUE V8 versions of the Mustang. Unlike the same ole shyte V8s from GM and Dodge offerings but just add a supercharger on the V8 and let the horsepower and torque fly difference on their versions. Mopar and GM go about it differently in distinguishing the "personalities" of their different versions of the Challenger and Camaro respectively, but the engines in these trims are basically the same "personality, but with a steroid approach to distinguish them. Ford's approach to the engine versions are truly different from one another. How would a turbo benefit Ford's V8 hierarchy the way it is now? To add it to the Voodoo? Well, the "flat plane crank" at 5.2 liters the way Ford has done it might have reach its potential and that is why they chose the more conventional American way of doing a V8 with the supercharged 5.2 on the GT500. To ecoboost the 5.0? That would probably increase the horsepower rating beating out the Voodoo. But what benefits that approach? The GT350 is special for many reasons. And 520 NATURALLY ASPIRATED horses is but one (of many) of those reasons. (European flavoured is another) I agree, an ecoboosted V8 SHOULD have been made by Ford...but for the Ford GT... Ford wanted to toot toot toot the ecoboost banner, maybe an ecoboosted V8 would have been ideal. Maybe not. Maybe Ford should have put an ecoboosted 2.7 liter V6 or take the tranverse 3.5 ecoboosted Taurus SHO, make, it longitude and sell the ecoboost V6 moniker BOTH on GT AND the Mustang...and make that engine into a 450 V6 horsepower affair. In other words, a DETUNED Ford GT motor for the Mustang... And had they did that, increase the 5.0 to 480 HP as it is now for 2019 back then 2-3 years ago... But I dont see how an ecoboosted V8 would benefit Ford for the Mustang as of now. If Ford decides to stop producing the GT350, then and only then would I see a need for a turbo V8.
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Great Lakes for me is...Niagara Falls. Seeing that I never traveled further west of Niagara Falls, I blindly ONLY see the Great Lakes as Niagara Falls. Also... the Saint Lawrence River. Yes...I equate the Great Lakes to the Saint Lawrence River. How can this be? The Saint Lawrence River connects the Atlantic Ocean with the Great Lakes...and I happen to live on the banks of the Saint Lawrence. Every time I look west when Im looking at the Saint Lawrence, which is almost on a daily basis, and for a good chunk of my life really, well, I ALWAYS think about where all that water comes from, which is...Niagara Falls...the Great Lakes...
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Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
EDITED.... Because I regret what I posted. Which wasnt bad, but was not on topic. ON TOPIC! So...tariifs on Mexican built cars, huh? Well. Phoque GM for building cars in Mexico then! You know...Phoque Trump for making his cheap brand named crap in China as well!!! -
If Lyft and Uber make it that far... They are bleeding billions. And the hick to that? That NOBODY wants to mention... Uber and Lyft DONT pay for MAINTENANCE on cars... If Uber and Lyft think that they will be saving money on NOT paying humans to drive...did they or the dumb phoquing investors of Uber and Lyft EVER think how much money it costs to keep cars on the road? Even electric motored cars need servicing.. ESPECIALLY superduper artificial intelligent, superduper computer power, sensors galore AD cars... You know...to uphold extreme safety... You know...the weather, especially inclement weather seems to wreak havoc on these kinds of systems, forget about good ole wear and tear... So...who will be servicing these autonomous pods? The users? Users will be forking over thousands of dollars per year for Uber's and Lyft's profits PLUS for the cost of repairs and maintenance for autonomous pods they wont own? Usership that lasts only a few miles at a time? So...Uber and Lyft are bleeding billions right now when their business model is just paying drivers a pittance and for up-keeping the app on the smart phone... Yes yes...I understand, the fee for an Uber and Lyft user is artificially low...and that will change when Uber and Lyft deem time to raise praises when they feel like the have a control in the market place... HA! Like I said, Uber and Lyft DO NOT pay for maintenance on their "fleet"...its the dumd stupid owners that use their cars that do the expensive servicing.... Wait until Uber and Lyft actually have to fork over REAL maintenance money for their fleets...
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You saw Autoline afterhours with Sandy Munroe yesterday, huh? So did I! Rolls will keep the V12 as long as they dont have an electric motor to put in there. Same with BMW. Same with Mercedes Benz. But like you said, China is making life tough for ICE cars and their potential buyers. I enjoyed Sandy yesterday. I enjoyed the way he hinted about America's future if present minds dont change and yet, his hinting about that rang loud and clear. But I aint sure Marcus, Gary and John really took in his words regarding China, Tesla and the future of EVs in the world...
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Good news No need to fly. Bad news... huuuuuge phoquing eyesores that ruin the view...with the same swathes of dumb ass tourists... Conclusion: Trump is right. You visit Cuba, you are a terrorist! So...dont go!
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I hear you. I understand. I did just that when I took my family to Greece this past summer. Yeah, we did the touristic, historic spots. For my kids to see and learn what is their culture and what place does it have in this crazy big world we live in. But we also did a lot of walking and talking and soul searching and we often took the road of the beaten path, away from the tourists, where the local yokels once did (old donkey trails that even young modern Greeks dont take) to see how Greek villages really function (or used to). We also talked to many local yokels to get their perspective of today's Greece and how they cope in the 2010s. I got to see Greece when I was young, how my mom grew up as a kid. I got to see Greece, how Greece was in the 1970s. I got to see how Greek villages functioned for hundreds, maybe thousands of years. Because when I went to Greece to see where my momma grew up, to meet my grand parents, the island where my mom grew up, her village and the other villages around, and the surrounding islands, well, even in the 1970s, not much had changed since the ancient times. Modern cars and telephones were there. Not all the people had those though. It was a cool experience and although I did not realize it then 100% what I was witnessing, although I did have an idea, 'twas in my late 20s that it dawned on me that old European villages in the 1970s was somewhat going back into time. And I am proud that my kids, to a degree, got to see a tiny glimpse of that. Maybe not live it like I did, but they saw the remnants of the past. Those donkey trails are not used anymore by anybody so somebody that knows what to look for could see the 1970s, the 1960s, and yes nature has taken over so anything older than that is harder to find, but I saw in the 1970s, the 1950s, 1940s, 1920s, 1890s in those villages...so I know its there and I explained that to my kids.
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As far as Im concerned...about V12s, V10s, V8s, V6s, I6s, flat 6s, 4 cylinders and inline 5s versus electric motors. If not a Ferrari 12 cylinder, I dont really care for them all that much. Ferrari or bust. V10s. Dont care for them all that much either. Unless its a Mopar V10. OK...I got room for the Porsche Carrera GT and the Lexus LFA. The BMW V10? ? Nah...I think I prefer an electric motored Tesla Model S instead... V8s...well, V8s for me is where its at. From muscle cars, to sports cars, to luxury rides, to classic American boulevard land yacht cruisers, to exotic supercars, the V8s is what I prefer. I do like a good 6 cylinder engine, whether inline or in a Vee or even horizontally opposed, I enjoy a 6 cylinder car. 4 cylinder cars...If I could, Id pass on those. I do enjoy a good 4 cylinder Honda from the 1990s, but that is where I limit myself as an enthusiast. I know there are other great 4 cylinder cars, but 4 cylinder caars aint my bag, baby! And then we have electric motored cars. I think I could enjoy the instant torque and smoothness in my daily driven vehicle. Would it replace the V8 in my heart? Probably not. As I enjoy the V8 sounds too much. The Instantaneous and humongous torque WILL replace the V8 in my heart, but not the sweet sounds that a V8 makes. Will I care for an electric motor personality? Lets be honest... Modern cars, other than the real deal enthusiast cars out there, the V8 Mustang, The V8 Camaro, The V8 Challenger and V8 Charger, The Vette, all the sportcar Porsches, the Miatas, the and all the other high dollar sports cars, there really isnt much personality going on. The small pocket rocket GTis and Civic Sis got some handling spunk going on, but as far as engine personality is concerned, not much distinguishing one from another. Yeah, there are differences, but...(explained later on) The full sized pick-up trucks got V8s. The Bimmers and M-Bs got V8s. The Cadillac Blackwing CT6 is a V8... Explanation: But lets be really really really honest...the way modern consumers want quiet cabins, no vibrations of any kind because modern consumers deem vibrations as low quality and as nuisasances, and the way that most engines all fall into the same displacement categories (example: every manufacturer makes a turbo 2.0 liter 4 cylinder) there really isnt much personality to be had here... The V8 vehicles I mentioned above, even for the V8 pick-up trucks, their personalities are all muted. Faint V8 rumble could only be heard upon acceleration, and that too is toned down. All the noise insulation, noise canceling technologies, vibration free counterbalances and the like...not much individuality is happening... Therefore, I (we as consumers) have been programmed NOT to think about vehicle personality the last 20 years or so. Especially when CUVs and SUVs are being presented to us as viable machines for me to own and we (not me) gobble them up like there is no other freakin' niche...(coupes are dead, convertibles are dead, sedans are dying...at least in decades past, the society then bought all kinds of types too. Today, single, married, young, old, female, male, trans, gay, straight, fat, skinny, short, tall, hairy, bald, smart, dumb, sane, crazy, white, black, latino, asian, north south, east, west, liberal, conservative, democrat, republican, commie, capitalist, we (not me) all buy damned SUVs...) I applaud BMW for keeping the V12 until 2023 or so. Im curious to see what BMW will do to counter the Model S and the Porsche Taycan. Im MORE curious to see what BMW has in store for an EV Rolls Royce. Because I dont think Ill care for an EV BMW sport sedan. They never had me as a fan, but they lost me even more when they decided that SAVs are a thing and they went all fat and bloated for their cars that they now pass off as sports sedans... (minus that BMW 1M and its successor M2 and the E39 M5 and Z8) Im even MORE curious to see how Volkswagen Group goes about EVs and how they handle the "personality" part. They got Bentley. That is in a GT class. 2 and 4 door. Different than a sports sedan but not quite luxo boat cruiser. They got luxo isolation chamber SUV. They got Porsche. Porsche has sports car, roadster, GT, sports sedan and sport crossovers. They are all different from Bentley. They got Audi. A mix and match between Porsche and Bentley. They got VW. What "personality" is VW going to go after with their EVs? I think I will always prefer Tesla over all other EV sport sedans. I think Ill stick to GM and what it will bring to the table with their EVs with Chevy, Buick and Cadillac. Maybe Ford too. But with that being said, I got to see what everybody actually does with EVs, because as of now...Tesla is best! Nobody else comes close.
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V12s do that too. Silence and smoothness and torque. Or you can make a V12 roar as loud as you want. I am not arguing that EVs do a much better job at silence and smoothness and torque. Im just saying that in 2019, V12s still have a place. And until Rolls, Bentley, Cadillac, Mercedes get really really serious about induction electric motors, V12s are the top of the heap... Rolls Royce (BMW), Bentley (Audi, Porsche), Mercedes STILL in 2019 do NOT have an electric motored vehicle for sale... And when I say BMW, I do NOT mean an i3 and the really really useless mileaged (range) i8. Nor do I mean an equally useless electric mileaged (range) Porsche 918. In 2019, the ONLY adequate EV to do the job of what a V12 should be doing as what we are talking now about quiet drive, torque and silence and smoothness is a Tesla Model S. But the Model S is sold as a sports sedan to kick exotic supercar and muscle car ass rather than luxo boat isolation chamber. The Model S also is more or less second tier luxury on the inside rather than top tier. The Porsche Taycan is gonna be a sports sedan...and...not on sale yet. So...luxo boat isolation chambers have no choice BUT to be V12s... In 2023...like I said, we have about another 4 years to get there. As of now, V12s are the top of the heap for what we are talking about in this thread.
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Good news. There are many other islands to discover in and around the Caribbean that may or may not be over saturated with dumb ass tourists.
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V12s are still usefull. Whether 600 horsepower V8s exist or electric motors will be dominant in the luxury class of vehicles. V12s are still the top of the heap in 2019. We still have a-ways to go to reach 2023 when maybe electric motors will dominate the luxury world. Plus, V12s are not meant for pure speed and fastness. But for smoothness AND speed in a GT car. In a cruiser. But not a bruiser ride. But a smooth, boulevard, cruiser ride and V12s are just about the best there is IN 2019. I aint talking about hybrid technology either. Just pure internal combustion technology. And while it does take 2 turbos for BMW's V12 to get to 600 on 6.6 liters, Im sure BMW could get more than that outta them. But Im not sure BMW wants to dump R&D money on the V12 to achieve that. Ferrari did though. On a 6.5 liter V12 making close to 800 NATURALLY ASPIRATED horsepower. The most NATURALLY ASPIRATED horses EVER to be offered on a road going production vehicle on their GT car. Because the 812 Superfast is a GT car. (but a lackluster torque number as compared to that stupendous horsepower number) Their new big SUV, whatever its called, could possibly use this V12 they got. Why not? They wont sell many, true. But their V12 is still needed. For 2019. It be not a good decision to dump the V12 now. In 2023? well, we arent there yet. Possibly a good decision then.
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Peugeot Could Make Landfall in U.S. As Soon as 2022
oldshurst442 replied to Drew Dowdell's topic in Peugeot
And while Celine was born in Quebec, in New France if you will, and not in France, making her, yes, Canadian, she does have roots that go back to France. So, while Celine is not European, she is French. Peugeot is French. A connection was made And the Charles De Gaulle snippet was to prove that relations between France and her former colony that was forgotten to left to die and capitulate to her English enemies, well, it was to show that France finally has acknowledged that a colony did exist at one time in North America and that France has got Quebec's back to fight for her French rights. Well, it was more to stick it to English Canada more than anything else. Not that Quebec wanted France to help out and not that France was going to help out anyway. It was just a very vocal way to say to the English world? for whatever reason. -
Peugeot Could Make Landfall in U.S. As Soon as 2022
oldshurst442 replied to Drew Dowdell's topic in Peugeot
...................................................................................................................................................................................................................................................................................................................................................... https://en.wikipedia.org/wiki/Louis_Chevrolet Life and career[edit] Early life[edit] The second child of French-Swiss parents Joseph-Félicien and Marie-Anne Angéline (née Mahon), Louis-Joseph Chevrolet was born in La Chaux-de-Fonds, Canton of Neuchâtel, a center of watchmaking in northwestern Switzerland. In 1886, Chevrolet's family left Switzerland to live in Beaune, in the Côte-d'Or département of France. There, as a young man, Louis developed his mechanical skills and interest in bicycle racing. Chevrolet worked for the Roblin mechanics shop from 1895 to 1899. He then went to Paris, where he worked for a short time before emigrating to Montreal, Quebec, Canada in 1900 to work as a mechanic. The following year, he moved to New York City, where he worked briefly for a fellow Swiss immigrant's engineering company, then moved to the Brooklyn operations of the French car manufacturer de Dion-Bouton. ...................................................................................................................................................................................................................................................................................................................................................... https://en.wikipedia.org/wiki/Antoine_de_la_Mothe_Cadillac Early life [Cadillac was born Antoine Laumet on March 5, 1658, in the small town of Saint-Nicolas-de-la-Grave in the French Province of Gascony (today in the Tarn-et-Garonne département of the Occitanie administrative region).[6] His father, Jean Laumet, was born in the village of Caumont-sur-Garonne (Occitania). He went back and forth between France, New France and New England and founded Detroit...and later his name would be on luxury cars... ...................................................................................................................................................................................................................................................................................................................................................... What does all this have to do with Peugeot and Celine Dion being French Canadian and not European? Well...there is a message in all these links...find it...