The News Memo
BREAKING: A shooting at two separate mosques in New Zealand has left at least 49 dead and many more injured. The shooter identified himself in an online manifesto as a 28-year old white nationalist. Read more.
Stories this week:
Boeing 737 Max 8 Grounded Worldwide After Deadly Ethiopian Airline Crash
What’s going on?
This past Sunday (Mar. 10), a Boeing 737 Max 8, flown by Ethiopian Airlines, crashed minutes after takeoff and killed 157 people. In wake of the crash, countries began grounding all flights operating the specific Boeing model. It is the second crash from a Boeing 737 Max 8 in 6-months. In October 2018, the same model plane operated by the Indonesian airline Lion Air crashed minutes after takeoff, killing 189 people.
President Trump announced on Wednesday the grounding of all Boeing 737’s amid the horrifying events and confusion as to why the incidents occurred.
In a statement released after Mr. Trump’s announcement to ground the plane, Boeing Chief Executive Dennis Muilenburg said “We are supporting this proactive step out of an abundance of caution...“we are doing everything we can to understand the cause of the accidents in partnership with the investigators, deploy safety enhancements and help ensure this does not happen again.”
Boeing has continued to produce their popular model but will halt its implementation until they are able to update and successfully test the software. They are expected to continue distribution of the jet in one month.
What is wrong with the plane?
Little is known as to why the plane is malfunctioning. Both of the crashes came early in the flight. Recordings show that the pilot of the Indonesian crash in October requested turn around just 5-minutes after takeoff. The preliminary investigation has shown that pilots were at odds with the automatic safety control of the jet. The safety system may have forced the nose of the jet downward in belief that the plane was at risk of stalling. The FAA (Federal Aviation Administration) says there are similarities between the two crashes.
Questions moving forward
As Boeing scrambles to figure out the issue, will they resume distribution of the Boeing 737 Max 8? Also, how will the catastrophe effect airlines scrambling to replace scheduled flights with new planes?
High-Profile College Admissions Scandal Revealed
Celebrities, business owners and wealthy parents have been criminally charged for bribes and cheating on college entrance exams to secure their children admission to elite universities, the Justice Department revealed Tuesday. The investigation, which was named Operation Varsity Blues, is the largest college admissions fraud ever prosecuted.
At the center of the scandal is a college admissions consultant, William “Rick” Singer, 58. Between 2011-2018, parents paid a total of $25 million to Singer for help admitting their children to schools such as Yale, Georgetown, Stanford, and Univ. of Southern California. Singer told one parent, “What we do is help the wealthiest families in the U.S. get their kids into school.” In some instances, Mark Riddell, a 36 year old Harvard grad, was paid to correct answers or take the SAT/ACT tests in place of the students.
Singer has pleaded guilty to the charges and will be sentenced in June; could face up to 65 years in prison.
How did the case unfold?
Federal prosecutors were pursuing a financial fraud case against Mr. Morrie Tobin, a Yale graduate, when he offered information about the scandal in exchange for leniency in his sentencing. The tip led to the head women’s soccer coach at Yale, Rudy Meredith, who offered Tobin’s daughter admittance into Yale in exchange for a bribe. Tobin wiretapped a meeting with Meredith, who eventually cooperated with the investigation. Authorities then received approval to tap Rick Singer’s phone, who agreed to cooperate once he was implicated, and the case progressed quickly.
Who was charged?
High-profile names included actresses Lori Loughlin and Felicity Huffman, former Pacific Investment Mgmt Co. CEO Douglas Hodge, and private equity investor John Wilson.
UK Parliament Votes to Extend Deadline as Brexit Hangs in the Balance
Didn’t Brexit happened years ago? The general referendum vote did occur in 2016, but the UK and European Union must agree to the exit terms. In a struggle that is jeopardizing her leadership, UK Prime Minister Theresa May has failed to get British lawmakers to back her exit deal with the EU. A main objection to the deal is that it leaves the UK too attached to the EU, without enough autonomy.
What happened this week?
Many businesses and officials are preparing for a no-deal Brexit, a scenario economists say could cause economic and political headaches as the UK would need to quickly negotiate trade deals and travel guidelines. Currently, as a member of the EU, goods, services, and travelers from the UK are able to enter and leave seamlessly.
Americans Are Not Saving Money
Americans are facing a potential retirement crisis, as more individuals and families do not have retirement and or pension plans, and are struggling with debt - many with student debt from their children.
Ever wonder why bananas are curved? Through a process called negative geotropism, bananas evolved to grow upwards in order to capture enough sunlight without toppling the entire plant.
The News Memo is edited by Madeline Krumel
The New York Times
Actresses, Business Leaders and Other Wealthy Parents Charged in U.S. College Entry Fraud
The Wall Street Journal
Trump: FAA to Ground All U.S. Flights of Boeing 737 Max Planes
The Tip, the Yale Coach and the wire: How the college admission scandal unraveled
U.S. Grounds Boeing 737 MAX Jets
Mark Riddell: Exam whizz at center of US college cheat scandal
Brexit: MPs vote to delay departure
College Cheating Scandal: Harvard alum apologizes
A looming retirement crisis in America