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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
Boeing is a damned good aircraft manufacturing company. The 737 is one of the best built and safest aircraft in the world EVER. The 747 too. But, Airbus, despite their snafu on miscalculating the business model on the A380 and Boeing hitting it on the nail with the Dremliner, Airbus is cleaning their clock! So much so that Canadair, (Bombardier Aerospace) also is threatening a small portion of Boeing's market with the C Series. Therefore, Boeing's last two last business decisions, (one to try to discredit Bombardier and got US courts involved in lies, and rushing the Max 8 to market) scream desperation to me. In the end, the C Series was bought in partnership by Airbus and sometime in the near future, Airbus will solely own this plane and it cost Airbus peanuts to acquire... An incredible aircraft that is sorely needed in a very fast growing market that neither Boeing or Airbus had an answer to, Boeing was afraid of a very small potato player and in haste, made their situation worse because their REAL competitor acquires this airplane for peanuts. Bombardier spent the BILLIONS to develop it, spent billions to make it super safe, spent billions certifying it, all on Canadian tax payer money that Bombardier did pay off, but made many many Canadians angry, and Airbus now owns it partially and will eventually own it outright when Bombardier could not build too many too quickly because Bombardier does not have that kind of manufacturing ability, but Airbus does... And this latest sad news of the Max 8 not being ready for commercial flight. Sad news for the families that lost people, and sad news because this is going to cost billions to Boeing. And maybe airlines will think twice to buy Boeing aircraft... They just handed Airbus many many markets... Boeing had a spotless record. That is a rare occurrence in the aircraft industry. In any industry. Too bad haste decisions took the better of them. Yup...I could attest to that. And you are right, nobody has died eating my food. My partner and I have high quality food standards. We are not in business to poison anybody. We are here to make a buck or two, make a few friends along the way and help our community. You are absolutely right. But my passion runs deep sometimes and my emotions get the better of me. And this is why I went haywire. Because I did not appreciate his tone. I practically wrote a 1000 word essay ranting on economic and social woes that we are facing with examples and links and he chose cherry picked a very subtle and mundane thing try to discredit me. That Boeing engineers knowingly... THAT was his counter point, that no engineer KNOWINGLY does something bad... THAT was his beef...his trolling, his downvotes. Ignoring what I posted as links. Not even throwing a rebuttal of any kind but going with a general statement of there are no facts of this so I dont believe what you say. Basically his whole argument is: I waste my time visiting automotive websites and I choose to be a douche to posters when I see a semantic quality I could attack on because anything that is written on an automotive website is mostly heresay anyway with no proof... -
Karma News: 2020 Karma Revero Gets Updated Battery And Regenerator
oldshurst442 replied to Drew Dowdell's topic in Karma
Hey...this body shell is still sexy AF. I like the Model S and all, but the Model S is really showing its age right about now. The Model 3 is fresher. Even if its smaller and similar looking to the Model S, the Model S is long in the tooth the design department. And that is even if you like the Model 3 design or not... But the Karma Fisker/Revero still looks good. Both came out about the same time, non? The new body shell would be a great idea for Bob Lutz to use and update his company's model for a Blackwing V8. Or really go medieval and ditch GM and get a Hellcat crate engine. Or really really go bat$h! crazy and get the Hellephant crate engine for it... But I wished the Revero was a 100% battery electric vehicle more than anything less at this point...- 15 replies
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I had this Sony 40XBR700 HDTV. Bought it 5000 dollars CDN when Plasmas of the time cost 10 000. Still a ton of money for nothing. The TV didnt even last me a decade. It was a fantastic TV. Nothing compared to a 1080P or a 4K, OLED or whatever there is today, but was very comparable to a 1080i. But 5000 motherphoquing dollars that did not last me a decade. It broke a little less than a year before my mom passed away. Then I inherited my moms Sony 50 inch 1080P that she bought for 1000 dollars 3 or 4 years before she passed away. I made my parents by a SONY 32 inch HD tv in the late 1990s and THAT TV did not last my parents a decade and hence why my mom bought that 50 incher....which I now use. Low and behold, that 50 inch Sony is holding up OK and its nearing that 10 year mark... Anyway...just to say that I am never ever again buying a mega expensive television set. Ive learned my lesson for keeping up with the Joneses and having the latest toy... NOT important. Money inn the bank is much more important. I would LOVE to own a 65 inch QLED TV, but no way in hell am I gonna buy something that exopensive ever again. I got the money to do so...but I am not a fool no more to part with my money! I read soemthing like 2 weeks ago or so that maybe you are thinking about getting a smart phone? You may find a smart phone useful in your everyday life. They are that good and multi-purpose. They are NOT a waste of money...IF you have a need for one. Business...to have access to the internet and to use the internet and top communicate and to upload files and to use not only as a phone, but as a pocket computer... But...if you dont need one...an old school flip phone still can do the job... I question MANY people today, in 2019, that own smart phones if they really truly need to be connected to the net 24/7 365...even if we are....in 2019...
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Havent most if not all Americans of a certain wealth have bought big screen TVs? I mean, how many big flat TVs does an American household need to own? I mean, does an American household need to continuously spend every last cent they make on big screen TVs or any other consumer gadget? I mean, when can an American household free itself from over spending? Can an American household EVER be free of the shackles of consumer consumption? I mean, I know the American economy goes round and round with the consumption of consumer goods, but ya'll dont see how destructive it is when any money back that is given from any source is immediately calculated on how the American consumer MUST give it back through consumption? Yes! people SHOULD be saving more!!! People should be spending less. A lot less than they have! Its a myth that the American economy needs to be successful by having Americans OVERconsume... There was once upon a time where the American economy thrived by having Americans be SMART about their finances and NOT be consuming voraciously... Coincidentally, that was the time period when the President is referring to as making America Great Again I get the socio-political innuendo that that entails, but, at THAT point in time, the American household was more fiscally responsible... Why does today's world involve big business and corporations to rule over us? Why does every last red cent the American household makes and saves be tallied as and compared to and analyzed as how much the American household should be spending? On big ticket items? I make and save 5 bucks, but I have to fork it over to some phoquing corporation and buy something and put me into debt? The government cut me a check for 50 bucks, but now, I have to spend it on a 2000 dollar big ticket item for the benefit of a corporation? Is this what it is Im reading here? No wonder Im all pissy today! No wonder why @ccap41 is brainwashed and doesnt believe Boeing CEOs and engineers could NOT possibly know they did something wrong to kill hundreds of people...
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No @Drew Dowdell I wont let it go! The Mexico thread really ticked me off with @ccap41's fake , trolly, righteousness. And here he goes again doing the same shyte! You knew Drew, you banned me for a week for being less abusive to @Paolino last year than what @ccap41 is doing here today with TWO posters...me and @dfelt. Send him a phoquing message to STOP trolling!
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Like I said... You do nothing but try to pick fights with people... You are a troll... Why dont you contribute to the phoquing thread instead of trying to be an internet social warrior? Who the phoque cares what Dfelt says about Ferrari? Your first contribution to this thread is to try to stick it to DFELT. Have a conversation with him. But NO! You want to stick it to him! What are you gonna do? Get @Drew Dowdell to make me stop harassing you? PHOQUE YOU! Downvote this post to if you wanna. I dont care. But Im gonnna expose your troll ass today though!
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Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
@ccap41 You think your downvotes bother me? Because in the past it did? Like I said...you are a troll to nth degree. Keep those downvotes coming bud! But do not counter in any way or show any proof like I did on why you believe what you believe in... YOU IGNORANT BLIND PHOQUING TROLL!!! -
Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
of course you downvote @ccap41 You got nothing else on your trolling! Your actions and reactions speak louder than your words... -
Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
Yeah... Drew came to your rescue...and you take it so you wont be looked at like a troll... What you may or may not know...troll... That the aircraft industry does NOT work that way... NEGLIGENCE is NOT part of the equation... When a plane goes down, NEGLIGENCE SHOULD NOT BE PART OF THE EQUATION... Certification of aircraft PREVENTS negligence and cost cutting...THAT is the mission of certification. Safety for the plane NOT to fail on information that we already know that have failed in the past... Past aircraft failures are part of the engineering process to prevent for future failures. And a software glitz with sensors that fail should have been detected in the certification process... When an aircraft fails, an FAA investigation tries to see if a new problem arises, not to correct a past failure...again... THAT is how aircraft investigations and certifications are made.... The article here... https://www.seattletimes.com/business/boeing-aerospace/failed-certification-faa-missed-safety-issues-in-the-737-max-system-implicated-in-the-lion-air-crash/ Once again, suggests that Boeing rushed the 737 Max 8 to sell because of a threat of market share loss to Airbus... And all the other articles I posted after the 2nd crash reveal something sinister in Boeing's management of the 737 Max 8. And the FAA too. believe what you wanna believe, troll... BUT DONT YOU PHOQUING QUESTION MY OPINION WHEN YOU DONT HAVE NOTHING ON YOUR END AGAIN!!! ESPECIALLY WHEN DREW GAVE YOU AN OUT JUST NOW!!! PHOQUE YOU!!! -
Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
but this aint the automotive industry Drew. Nothing is supposed to be rushed, or cheapened in this industry. Millions of dollars are spent in testing all facets of engineering in this industry to avoid and try to prevent a series of unfortunate events. And although Boeing did not engineer a death trap on purpose, they rushed the certification. FAA allowed this too. When both Max 8s crashed, Boeing knew then that there is something wrong... I don tknow that...I wasnt there....sure... You could argue me on that....that is what CCAP the troll is doing... But, the way CCAP is not lending out his REAL opinions fly on the matter is telling me on how you also feel about this... A series of misfortunate events... But this is the aircraft industry. It simply is not allowed to be that way... This IS criminal... He is saying this sarcastically to me... But you better PHOQUING BELIEVE IT THIS IS CRIMINAL... Here, the #FAKENEWS article...because CCAP does not believe... https://www.seattletimes.com/business/boeing-aerospace/failed-certification-faa-missed-safety-issues-in-the-737-max-system-implicated-in-the-lion-air-crash/ Let the investigations do their thing...and if anything at all will come out of it because the FAA might be in danger too...and well, the FAA may too big to fail let alone Boeing... -
Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
No you didnt...you trolled. -
Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
Drew...his righteousness gone long enough. He never gave a counterpoint, nor proof. I gave MULTIPLE LINKS. I dont care if I persuade him or not... He phoquing insults me...my wordy-ness on which I gave links as to why I think this way... He just wants to troll to use a play on words...KNOWINGLY... And yet...I even gave proof of why Boeing CEOs and engineers MIGHT KNOWINGLY have done this... But...he is righteous...isnt he? PHOQUE HIM!!! HE IS A TROLL!!! Not because he believes what ever the phoque he believes, he wants to argue on a play on words...KNOWINGLY.. And he...does not even offer a counterpoint, just casually states his opnion that he does not believe KNOWINGLY, and yet,,,a new article from SEATTLE... Boeing Everett plant is close to Seattle...may insinuate something I am insinuating...in fact, I made my opinion from that article a while ago... Drew...if we cant discuss things, dont tell me...muzzle him... I GAVE PROOF ON HOW I FEEL THIS WAY... HE DID NOT!!! THAT IS TROLLING 101!!! YEAH! PHOQUE HIM!!! -
Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
My wordy-ness... GO PHOQUE YOURSELF!!! https://www.seattletimes.com/business/boeing-aerospace/failed-certification-faa-missed-safety-issues-in-the-737-max-system-implicated-in-the-lion-air-crash/ PS: YOUR OPINION MEANS SHYT AS ITS FLAWED!!! ITS WRONG!!! YOU NEED A LOLLIPOP TO DEAL WITH IT???!!! -
Industry News: Trump Threatens Mexico with Auto Tariffs
oldshurst442 replied to Drew Dowdell's topic in Industry News
But yeah... You are both correct that the Boeing CEO took responsibility, not admit guilt and tell that he knew that there is something wrong...which I gave a link too in my first post, and yeah...this investigation is not in courts...and no results have been made...yet..if ever... Like there is no smoking gun to talk about... Instead, focus on a play on words... So...I guess you believe that Boeing just made a small innocent mistake, right? The way you wanna answer me... -
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]