The 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.
Pass the industrial-strength Excedrin.
Of immediate concern to the Chicago-based jet-manufacturer is the lithium-ion battery that powers so many of the 787’s critical functions. Two instances of “thermal runaway” on Dreamliners’ owned by Japan-based airlines caused that country, and the U.S. Federal Aviation Administration, to suspend their use pending investigations. Other flaws since July such as cracked engines, damaged cockpit windows, and fuel leaks have compounded concerns.
But the scare factor surrounding the battery is the biggest deal.
“This is an unprecedented event,” said Deborah Hersman, chairwoman of the National Transportation …