Reports: Boeing Seeking Billions In Loans Amid 737 MAX Grounding

Watch Video Boeing is reportedly seeking upwards of $10 billion in loans to cover expenses related to the grounding of the 737 Max. CNBC reports that according to sources close to Boeing, the company has secured around $6 billion from Wells Fargo and Bank of America Merrill Lynch, among others. But that number could jump as Boeing’s losses increase and as banks make more demands. Boeing has seen virtually nonstop troubles since its 737 Max planes were involved in two fatal crashes in 2018 and 2019. Boeing announced in December it was suspending production of the 737 Max, and some airlines recently extended flight cancellations for the planes. It’s been… Read More

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Gun Are No Mere Symbol

Few places in the United States concentrate as much history in 14 acres as the grounds of the Virginia State Capitol. Thomas Jefferson designed the Capitol building; Patrick Henry laid its cornerstone; in 1807, Chief Justice John Marshall sat there to preside over the treason trial of former Vice President Aaron Burr. The Capitol’s second floor displays a Carrara marble statue of George Washington made by sculptor Jean-Antoine Houdon, considered the most accurate rendering of its subject. In 1861, a state convention voted there to secede; in 1865, United States Colored Troops re-raised the Stars and Stripes above it as Robert E. Lee’s retreating troops burned the city around them.… Read More

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Unifor President Jerry Dias Arrested Amid Union Protest Against Regina Oil Refinery

REGINA — A union representing more than 700 workers in a contract dispute at the Co-op oil refinery tried to shut down the Regina facility Monday as police made arrests. Unifor posted a video on Twitter late in the afternoon showing officers taking the union’s national president, Jerry Dias, and western regional director, Gavin McGarrigle, into custody. Dias said earlier in the day that managers and replacement workers were being allowed to leave the refinery, but the union was going to stop fuel from being transported out of the complex. “We’re not allowing any trucks in,” Dias said. “We’re going to shut (the refinery) down until they come back to… Read More

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