Mar. 21, 2019 – Links
What we are reading today:
Doomed Boeing Jets Lacked 2 Safety Features That Company Sold Only as Extras – New York Times. This is why safety features should never be considered add-ons. Boeing’s stock, which had been flying high, is off almost 17% from the all-time highs it made at the beginning of this month.
Trump got exactly what he wanted from the Fed, but for reasons he is going to hate – Business Insider. Overly optimistic economic growth projections from the White House crash on the rocky shores of the business cycle.
Mortgage rates slide to 13-month low, luring Americans back into the housing market – Marketwatch. The Fed’s new dovish stance will affect all sorts of rates, from mortgages to credit cards to bonds, etc.
Treasury yields are the lowest since the recession – Axios. The 5-year note is already inverted compared to the shorter 3-month, 6-month and 2-year. The spread between the 2-year and the 10-year is only about 12 basis points.
How PG&E Ignored California Fire Risks in Favor of Profits – New York Times. Perhaps it is time to consider modernization of the grid.
A Guide to the Mueller Investigation for Anyone Who’s Only Been Paying Half-Attention – Splinter. There seems to be more talk that the Mueller report could drop any day now. We still don’t know what is in the report and how much of the report will be made public, but now is a good time to make sure you are ready.
Donald Trump Should Fear New York Prosecutors More Than Mueller, Preet Bharara Says – NY AG is state level and not bound by Department of Justice guidelines about indicting a sitting president. Preet knows justice.
CBD is being sold at the largest drugstore chain in the U.S. – Marketwatch.
Former Brazil president Michel Temer arrested on corruption charges – Washington Post. Quick overview: Brazilian president Lula was arrested. Lula’s protégé and successor, Dilma Rousseff was impeached. Dilma’s replacement, Temer, is now indicted. And following all that corruption, we have the populist bigot Bolsonaro.
Trump Slammed After Escalating Attacks on McCain: He’s “Beefing With a Dead Man—and Losing” – Mother Jones. This is getting really sick.
Christchurch shootings: New Zealand to ban military style weapons – BBC. That was fast. No time for thoughts and prayers, just action.
Supporters of Theresa May’s deal say they could desert PM after her ‘misjudged attack’ on MPs – Telegraph. May is in Brussels today, with nothing to show for it except waffles. MPs told to travel together in packs or to take non-descript taxis to avoid abuse from citizenry.
Facebook stored hundreds of millions of passwords in plain text – The Verge. At a certain point, it just doesn’t seem worth the hassle.
The Hidden Catastrophe of the Midwest’s Floods – Mother Jones. The soil is also washed away.
Midwestern Flooding Isn’t a Natural Disaster – The Atlantic. Get used to it.