
EVEN when all other orders evaporate, at least Boeing can rely on one important customer for its jumbo jet: the president of the United States. That was the gist of a post that Gulliver wrote earlier this year on the travails of the 747, a once-popular aircraft that has fallen foul of today’s aviation economics.
Gulliver may have spoken too soon. Today, Donald Trump seemingly announced that he would cancel an order to develop a new jumbo, due to come into service in 2024, to ferry around whomever is then the leader of the free world. In a tweet, Mr Trump wrote: “Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!” He later reiterated his concern outside Trump Towers, his New York hotel, saying: “The plane is totally out of control. I think it’s ridiculous. I think Boeing is doing a little bit of a number. We want Boeing to make a lot of money but not that much money.”
Mr Trump already has his own plane—a Boeing 757. Might he be planning to steer clear of the vehicle that comes with his…Continue reading
El presidente electo califica de absurdo el coste de Boeing para renovar el avión presidencial
We examine Monte dei Paschi di Siena, the bank at the epicentre of the crisis in Italy. Last week OPEC moved to rescue oil prices. Will companies now rush back into exploration? And how the birth of a new motorbike in downtown New York could revitalise inner-city manufacturing
El presidente electo califica de absurdo el coste del Boeing para renovar el avión presidencial
Solo Francia, España, Irlanda, Portugal y Grecia apoyan a la Comisión en su giro hacia las políticas de expansión fiscal
El riesgo se ha desplazado de la anemia del crecimiento a la taquicardia de la inestabilidad política
La Autoridad Fiscal advierte de que las comunidades autónomas han relajado la consolidación fiscal en el último trimestre
Luzón baja la solicitud de condena para 18 acusados que devolvieron el dinero
El comisario de Asuntos Económicos, Pierre Moscovici, respalda la subida de impuestos

THERE are many reasons why you might have been stopped at an American transport hub and your bag searched by officials. You might have be chosen at random. Perhaps you matched a profile. Or you could have been flagged by an airline, railroad or security employee who was being secretly paid by the government as a confidential informant to uncover evidence of drug smuggling.
A committee of Congress heard remarkable testimony last week about a long-running programme by the Drug Enforcement Administration. For years, officials from the Department of Justice testified, the DEA has paid millions of dollars to a variety of confidential sources to provide tips on travellers who may be transporting drugs or large sums of money. Those sources include staff at airlines, Amtrak, parcel services and even the Transportation Safety Administration.
The testimony follows a report by the Justice Department that uncovered the DEA programme and detailed its many potential violations. According to that report, airline employees and other informers had an incentive to search more travellers’ bags, since…Continue reading