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One of the top corporate scandals over the past few years entered its next phase with the settlement by the Department of Justice (DOJ) with The Boeing Company (Boeing) around its fraud in the certification of its 737 MAX aircraft. The resolution was via a Deferred Prosecution Agreement (DPA). Under the DPA, Boeing agreed to pay a total amount of $2.5 billion. According to a DOJ Press Release, this total amount consisted of “a criminal monetary penalty of $243.6 million, compensation payments to Boeing’s 737 MAX airline customers of $1.77 billion, and the establishment of a $500 million crash-victim beneficiaries fund to compensate the heirs, relatives, and legal beneficiaries of the 346 passengers who died in the Boeing 737 MAX crashes of Lion Air Flight 610 and Ethiopian Airlines Flight 302.” This enforcement involved a fraud by Boeing on the US government. There are multiple lessons for the anti-bribery compliance
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America’s nuclear energy situation is a microcosm of the nation’s broader political dysfunction. We are at an impasse, and the debate around nuclear energy is highly polarized, even contemptuous. This political deadlock ensures that a widely disliked status quo carries on unabated. Depending on one’s politics, Americans are left either with outdated reactors and an unrealized potential for a high-energy but climate-friendly society, or are stuck taking care of ticking time bombs churning out another two thousand tons of unmanageable radioactive waste every year.
Boeing 737 MAX was universally banned from taking to the skies after two deadly accidents in late 2018 and early 2019 | eTurboNews | Trends | Travel News Online | European travel news
Monday’s announcement caps a recertification process without precedent in the history of modern aviation.
The planes have been grounded since March 2019 following the crashes of a Lion Air flight near Jakarta on Oct. 29, 2018, and an Ethiopian Airlines flight on March 10, 2019, killing a total of 346 people. Investigators determined that the cause of the crashes was a faulty computer system that pushed the plane’s nose downward in flight and couldn’t be overridden by pilots.
Canada had been one of the last countries to ground the MAX, banning it only after the European Union, U.K. and Australia had already done so.