Dreamliner

Boeing: Cause of Dreamliner Fires 'Almost Doesn't Matter'

battery photo"Attention ladies and gentlemen, the Boeing 787 Dreamliner will depart shortly – any potential fires caused by our lithium ion batteries will now be contained within the aircraft. Please line up at the gate for imminent boarding!”

Are you ready?

In case you missed it the Federal Aviation Administration, by publishing an Airworthiness Directive in the Federal Register last week, opened the door for the troubled “green” aircraft to return to service in the coming months. The document lays out the specifications required for Boeing to get the extremely costly project moving again, if the changes are implemented and FAA inspectors sign off.

Tesla CEO Elon Musk Fights Perceptions as Stock Drops

Elon MuskTaxpayer-supported Tesla, recipient of a $465 million stimulus loan guarantee to produce yet another electric toy car (the Model S) for rich people, reported its 4th quarter earnings last week. The word from billionaire CEO Elon Musk (Flickr photo: Jurvetson) was, “we’ll do better next quarter – promise.”

That’s a paraphrase, but nonetheless Tesla’s announcement fell short of most Wall Street analysts’ expectations. The company lost $90 million for the quarter as it ramped up production to fill pre-orders, paying workers to put in an average of 68 hours per week in December. On Thursday the company suffered the biggest one-day drop in its stock price – tumbling nearly 10 percent – in more than a year. Shares fell to $35.16 before recovering slightly on Friday, but were at $34.38 for Tuesday morning's opening.

Boeing Woes Balloon as Battery Fix Remains a Mystery

Boeing 787 DreamlinerWould you be willing to fly on a newly developed jumbo airliner with battery technology that has been known to cause fires, whose exact cause is still unknown, but whose manufacturer has claimed to find a temporary “fix” that would allegedly contain –but not prevent – future flaming flights?

Boeing bets you would. Airbus bets you wouldn’t.

Taxpayer Millions, Lithium Ion and Rich People Just Don't Mix Well

Elon MuskUndoubtedly alternative energy and transportation innovator Elon Musk (Flickr photo: Jurvetson) – like his competitor for the taxpayer-funded, six-figure electric automobile market Henrik Fisker – is a smart guy. But will economic and technological realities humble him, or worse, make him look like a fool?

After the experience recounted last week by New York Times journalist John Broder, who test drove the Tesla Model S in frigid conditions that required frequent unplanned recharging stops throughout the Northeast, humility is out of the question for Musk. The jury is still out on inanity.

Boeing Battery Quick Fix May Be Elusive

battery photoThe crisis that has enveloped Boeing over the grounded Dreamliner, at a cost of billions of dollars in losses in addition to what has already been “invested” in it  -- voluntarily by its owner/investors and coercively from taxpayers – exemplifies perhaps more than any other redistributionist corporatism scheme why government intervention is more headache than help.

VIDEO: Green Technology Hobbling Boeing's 787 Dreamliner?

NLPC Associate Fellow Paul Chesser was a guest last night on the Willis Report on Fox Business Network. Here's a transcript:

Boeing's Green Dreamliner Costs the Company, Customers and Taxpayers

Boeing 787 DreamlinerSeemingly endless government subsidies and the impetus to “go green” have made a mockery yet again of those who direct their business toward pleasing politicians and activist groups rather than delivering quality products built upon a proven history of performance.

Such is the case with Boeing’s troubled – and now grounded – Dreamliner.

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