The Tesla Shock Nobody Sees Coming

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Senate scrambles to pass bill improving air safety and service for travelers as deadline nears

MARY CLARE JALONICK
May 09, 2024

WASHINGTON (AP) -- The Senate is scrambling to pass a $105 billion bill designed to improve air safety and improve customer service for air travelers before the law governing the Federal Aviation Administration expires at midnight on Friday.

If senators can't resolve a series of disputes over the measure by then, around 3,600 FAA employees could be furloughed, potentially exacerbating existing staffing shortages.

The FAA says no one in "safety critical" positions -- like air traffic controllers -- would be affected if the deadline is missed, and the safety of the flying public would not be at risk. But failure to pass the popular bipartisan bill by May 10 would be the latest setback after months of delays on the measure, and another example of Congress struggling to pass major legislation, even when it has broad support.

The bill stalled in the Senate this week after senators from Virginia and Maryland objected to a provision that would allow an additional 10 flights a day to and from the heavily trafficked Reagan Washington National Airport. Other senators have tried to add unrelated provisions, seeing it as a prime chance to enact their legislative priorities.

Senators from both parties were working to clear objections Thursday and move the FAA bill, or a short extension, before the Friday deadline.

The legislation was negotiated by Republicans and Democrats who lead the House and Senate committees overseeing the FAA. The agency has been under scrutiny since it approved Boeing jets that were involved in two deadly crashes in 2018 and 2019. The legislation would govern FAA operations for the next five years.

The House passed a similar bipartisan bill last summer. Senators introduced their revised 1,069-page measure last week, with days to go before the deadline.

The legislation, which also comes after a a series of close calls between planes at the nation's airports, would increase the number of air traffic controllers and require the FAA to use new technology designed to prevent collisions between planes on runways. It would require new airline planes to have cockpit voice recorders capable of saving 25 hours of audio, up from the current two hours, to help investigators.

It would also try to improve customer service for flyers by requiring airlines to pay a refund to customers for flight delays -- at three hours for a domestic flight and six for an international one. Lawmakers tweaked the bill this week to make it even easier for customers to receive refunds, revising language that would have put most of the onus on the customer to request them. The change put the Senate bill more in line with new regulations issued by President Joe Biden's administration last week.

In addition, the bill would prohibit airlines from charging extra for families to sit together and triple maximum fines for airlines that violate consumer laws. And it would require the Transportation Department to create a "dashboard" so consumers can compare seat sizes on different airlines.

Opening the Senate on Thursday, Senate Majority Leader Chuck Schumer urged senators to come to agreement soon. "Absolutely nobody should want us to slip past the deadline because that would needlessly increase risks for so many travelers and so many federal workers," he said.

Virginia Sens. Tim Kaine and Mark Warner, both Democrats, have said they would object to a short-term extension of the legislation passed by the House on Wednesday unless Schumer agrees to a vote on their amendment to block the additional long-haul flights at Virginia's Reagan National. They say the airport is restricted in size and too busy already, pointing to a close call there between two planes earlier in April that they said is a "flashing red warning light."

Several Western lawmakers have argued for more flights at Reagan National, saying it is unfair to consumers that there is a restriction on long-haul flights there. The provision's chief proponent is Texas Sen. Ted Cruz, the top Republican on the Senate Commerce Committee, who has argued that San Antonio should have a direct flight from the airport.

Airlines are also split on the idea. Delta Airlines has argued for more flights at Reagan National, while United Airlines, with a major operation at farther-out Dulles Airport, has lobbied against the increase.

The House last year rejected a similar provision after intense, last-minute lobbying from the Virginia delegation -- a bipartisan vote on an amendment to the FAA bill that saw members aligning not by party but geographic location. Lawmakers use the airport frequently as it's the closest Washington airport to the Capitol, and Congress has long tried to have a say in which routes have service there.

"We understand that some of our colleagues have to travel a long way to get to D.C.," Kaine and Warner said in a joint statement with Maryland's two senators, Democrats Ben Cardin and Chris Van Hollen. "But the convenience of a handful of members is not as important as the safety of the 25 million people who use DCA every year. Last month's near-miss at this airport is a startling reminder of what's at stake if Congress jams even more flights onto the busiest runway in America."

The FAA says that if the law expires on Friday, the 3,600 employees would be furloughed without guarantee of back pay starting at midnight. The FAA would also be unable to collect daily airport fees that help pay for operations, and ongoing airport improvements would come to a halt.

Continue Reading...

Popular

Buy Now Pay Later Can Torpedo Mortgage Chances

BNPL services like Affirm, Klarna, Afterpay, and PayPal Pay Later are popular but can hurt mortgage approval. Lenders scrutinize bank statements and debt-to-income ratio, and new credit models include BNPL data. Loan officers warn of multiple plans inflating DTI.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before November 18's bombshell.

Ferrari CEO Confirms Electric Car Plans, Raises Full-Year Outlook

Ferrari N.V. stock rose after reporting Q3 results and guidance. Sales grew 7.4% and EPS beat estimates. Net revenues and adjusted EPS outlook raised.

[How To] Claim Your Pre-IPO Stake In SpaceX! - Ad

This is your first-ever chance to skip the line, and get exposure BEFORE Elon Musk's next IPO takes place. It couldn't be any easier... just $100 and a few minutes of time. All you need is the name and ticker symbol that James reveals for FREE, right inside this short video.

Trump White House Clamps Down on Press Access

White House restricts reporter access to West Wing Room 140; NSC cites sensitive material, echoing Pentagon curbs, raising press concerns.

Is Musk Really Creating a Robot Army? - Ad

Machines that move. Think. Act on their own. This is the rise of Embodied Intelligence - and it's bigger than AI. Tesla, NVIDIA, and Amazon are already spending billions. But we think this stock could soar even greater.

Boeing may face its first civil trial seeking damages for deadly Ethiopia crash

More than six years after a jetliner crashed in Ethiopia, the first civil trial stemming from the disaster that killed all 157 people on board appears poised to move forward.

Cathie Wood Bets Big On Jack Dorsey's Bitcoin-Heavy Block, Adds Amazon And Alibaba — Sells Shopify, Surging Palantir

On Monday, Cathie Wood-led Ark Invest executed significant trades, including a notable purchase of shares in Amazon.com Inc. (NASDAQ:AMZN), Block Inc.

Forget Amazon's 1997 IPO... This Could Be 287 Times Bigger - Ad

Since Amazon's IPO in 1997, it climbed enough to turn $100 into $250,000. Now, one man says Elon Musk could be gearing up to take his internet satellite giant public... in what Fortune magazine says will be the biggest IPO in history! James Altucher is sharing how ANYONE can get a pre-IPO stake... with as little as $100!

Billie Eilish Asks Zuckerbeg, Other Billionaires To Donate

Billie Eilish urges billionaires to share their wealth for good causes during award acceptance speech. Mark Zuckerberg in attendance.

Denny's to be acquired and taken private in a deal valued at $620 million

Denny's said Monday that it's being acquired by a group on investors in a deal that will take the breakfast chain private.

"The Next Industrial Revolution Has Begun" - Ad

Autonomous vehicles... Military drones... AI-powered factories... This is bigger than ChatGPT. And they all rely on this one product. Get in before the next wave of contracts and government funding hits.

Trump Touts 'Really Good Deal' With China As US Stock Futures Rally — Dow Up 91 Points While Gold, US Dollar Remain Flat

U.S. stock futures are surging on Sunday evening, following greater clarity and easing trade tensions between the United States and China over the weekend, following the summit between President Donald Trump and Chinese President Xi Jinping in South Korea last week.

Jim Cramer Warns 'Don't Be Fooled' Because Speculators In Gold, Quantum And Nuclear Energy Aren't Going Down 'Without A Fight'

Former hedge fund manager and renowned CNBC TV host Jim Cramer is sounding the alarm on certain speculative pockets of the market, urging investors to sell into the "snapback" momentum if they haven't already done so.

Nvidia CEO: E.I. Will Be as Common as Cars Today - Ad

E.I. isn't science fiction anymore. It's already here. And one little-known company is quietly supplying the systems behind it. This stock is still under Wall Street's radar... but not for long. You'll get the name, the ticker, and the full thesis inside.

Japanese game maker Nintendo reports zooming sales and profit on its hit Switch 2 machine

TOKYO (AP) — Japanese video-game maker Nintendo’s net profit jumped 85% in April-September from the year before, as its sales more than doubled following the launch of its hit Switch 2 console in June, the company said Tuesday.

AdvanSix Slashes Spending, Counts On Carbon Credit Windfall

AdvanSix Inc. reported a steep decline in Q3 earnings but beat revenue estimates. The company also announced a quarterly dividend.

[Revealed] The $100 Starlink Pre-IPO Blueprint! - Ad

Fortune reports Starlink's rumored IPO is set to be the single largest IPO in history. James Altucher has uncovered a way to get a pre-IPO stake BEFORE Starlink goes public. All it takes is just a few minutes of time and as little as $100 to get started.

Cathie Wood Goes All-In On Peter Thiel's Crypto Play Bullish With Back-To-Back Million-Dollar Buys

Cathie Wood-led Ark Invest purchased shares in Bullish, a crypto exchange backed by Peter Thiel, through three of its funds. Other key trades were also made, including buying shares in CRISPR and Beam Therapeutics.

Is This Nvidia's Next Big Invention? (Picture Inside) - Ad

Write these three letters down: Q.P.U. According to Bank of America... This new tech could be the biggest revolution for humanity since discovering fire. It could change everything.

Hillary Clinton Says Trump Taking A 'Break' From Gold-And-Marble Interior Renovations To Defy Court Order On SNAP: 'Nero Would Be Proud'

Hillary Clinton criticizes Trump for withholding SNAP benefits during shutdown, accusing him of defying court order and being indifferent to public suffering. Democrats blast Trump for creating hunger crisis and breaking the law.

New NVIDIA opportunity. - Ad

NVIDIA's revolutionary new invention just solved the #1 chokepoint that's been strangling big AI companies. And Tech legend Jeff Brown - the Silicon Valley insider who called NVIDIA before it skyrocketed more than 30,000%... says a shocking announcement by NVIDIA CEO Jensen Huang could make a lot of early investors rich.

Trump says a Canadian ad misstated Ronald Reagan's views on tariffs. Here are the facts and context

WASHINGTON (AP) — President Donald Trump pulled out of trade talks with Canada Thursday night, furious over what he called a “fake’’ television ad from Ontario’s provincial government that quoted former U.S. President Ronald Reagan from 38 years ago criticizing tariffs -- Trump’s favorite economic tool.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Tempus AI Stock (TEM) Slides 6% Overnight: Here's Why The Stock Is Trending

Tempus AI shares fell 6.02% in after-hours trading Tuesday following its third-quarter earnings report.

Move Over, Musk—The World's Richest Woman Joined the $100B Club

Alice Walton, daughter of Walmart founder Sam Walton, is the richest woman in the world worth more than $100 billion.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before November 18's bombshell.

Can Solana Do What Bitcoin Can't? Amplify's New ETF Aims For 36% Income

Amplify ETFs, the issuer known for thematic and income-driven fund products, has just launched the Amplify Solana 3% Monthly Option Income ETF (BATS:SOLM), a first-of-its-kind product combining the growth momentum in Solana (CRYPTO:

Coeur Mining's $7 Billion Deal For New Gold Creates $20 Billion Powerhouse

Coeur Mining Inc. (CDE) announced acquisition of New Gold Inc. (NGD) in all-stock deal valued at $7 billion.

[How To] Claim Your Pre-IPO Stake In SpaceX! - Ad

This is your first-ever chance to skip the line, and get exposure BEFORE Elon Musk's next IPO takes place. It couldn't be any easier... just $100 and a few minutes of time. All you need is the name and ticker symbol that James reveals for FREE, right inside this short video.

Warren Buffett Opens Up About The Biggest Investing Blunders Of His Career — Here They Are

Over the decades, the "Oracle of Omaha" has shared candid reflections on his biggest blunders, from emotional decisions to missed opportunities, all of which provide timeless investing insights.

Bill Ackman's Hertz Stake Is Starting To Look Like His Next Chipotle Moment

Bill Ackman's investment in Hertz may be the next Chipotle moment as the rental-car company sees a surprise profit and a 40% stock surge.

Is Musk Really Creating a Robot Army? - Ad

Machines that move. Think. Act on their own. This is the rise of Embodied Intelligence - and it's bigger than AI. Tesla, NVIDIA, and Amazon are already spending billions. But we think this stock could soar even greater.

Bloom Energy Stock Surges Nearly 17% In Wednesday Pre-Market: What's Going On?

Shares of Bloom Energy Corp soared 18.68% in pre-market trading on Wednesday as third-quarter results surpassed analyst estimates.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service