This Billionaire's Final Masterpiece: "X-9840"

The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix... Just released the details on what he's calling Project X-9840. This business mogul is now set to revolutionize MONEY. He has said he could flip the switch "as early as mid 2024."

The 7th Trillion Dollar Company?

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

The US fines Middle Eastern airline Emirates $1.8 million for flights that passed too low over Iraq

WASHINGTON (AP) — The Transportation Department said Thursday that it fined Middle Eastern $1.8 million for flights in regions off-limits to U.S. airlines while it allowed JetBlue Airways to sell seats on the planes.

Nvidia Is Pivoting to Solve Big Tech's $1 Trillion Problem - Ad

Nvidia is the hottest company in the world thanks to its chip business. But here's the thing: Nvidia is making a massive $1 trillion pivot ... To solve AI's biggest problem. But it's not making this move by itself. A new set of companies are partnering with Nvidia in this trillion-dollar venture.

Microsoft Is Betting Big on AI, Outpacing Rivals with New Strategy

Satya Nadella, CEO of Microsoft, bet on AI future by partnering with OpenAI and investing in startups. Analysts see Microsoft as top public cloud leader by 2032.

Wall Street Icon Warns: "A Great Financial Reset Is Underway" - Ad

The man CNBC called "The Prophet" predicted the 2008 housing crisis and the 2022 sell-off... Now, he says that despite the bull market, he's worried older Americans are holding the WRONG stocks in their portfolios for this stage of their lives. So, he's urging folks to buy "America's No. 1 Legacy Stock," which could help them build wealth they could pass on for generations.

Tesla Tequila Is Back: Here's How Much Latest Collectible Will Cost You

Tesla has reintroduced tequila in collectible lightning-shaped bottles. Here's how you can get one and how much it will cost you.

4 Cryptos Set to Outperform Bitcoin in 2024 - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Trump's Niece Says Insane To Pardon 'Convicted Criminal Who's Trying To Destroy America': 'Absolutely Terrible Idea'

Donald Trump's niece Mary Trump recently slammed the idea of pardoning the ex-president after he was found guilty in the first of his four criminal trials.

As the need for copper rises, cable manufacturers recycle more

MONTREAL (AP) — In an industrial suburb of Montreal, sheets of copper move along a conveyor belt suspended four stories above the floor of a foundry — a metals plant — until they drop into a lava-hot furnace. Next come pieces of discarded copper wire.

Don't Buy Bullion or Mining Stocks. Do THIS Instead - Ad

As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.

Following Historic Conviction, Donald Trump Is Facing More Criminal Charges With No Endgame In Sight

In a landmark legal battle, former President Donald Trump was convicted in New York last week, marking a significant moment as he faces other multiple charges across the U.S.

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

General Motors Reveals $6B Stock Buyback - What's Going On?

General Motors announces a $6 billion share repurchase plan, aiming to boost shareholder value amidst positive financial performance.

Buy This Sub-$5 Play on His Final Masterpiece - Ad

I just issued my latest prediction on how this billionaire is about to shock the world with what I believe will be his final masterpiece. Once he flips the switch... Which could happen as early as mid-2024... I believe it could send this sub-$5 play skyrocketing in the coming months.

Wall Street Holds Breath After Record Close For Fed Decision, CPI Data: Why This Analyst Sees Positive Inflation Trends Ahead

U.S. stock futures point to a weak start on Tuesday, signaling a pause after Monday’s record run. Global cues are negative and commodity prices weakened as well.

Does 'Sell In May And Go Away' Work For Bitcoin? This Researcher Crunched The Numbers

Crypto researcher TradeTheFlow challenged the prevailing notion that summer is a dull period for cryptocurrency markets, particularly Bitcoin (CRYPTO:

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." - Ad

The former Goldman Sachs VP -- who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio -- is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."

Why BioSig Technologies (BSGM) Shares Are Down Over 60%

BioSig Technologies shares are trading lower by 67% during Tuesday's session. The company said it was notified by the Nasdaq Hearings Panel that its common stock will be delisted.

AI 'gold rush' for chatbot training data could run out of human-written text

systems like ChatGPT could soon run out of what keeps making them smarter — the tens of trillions of words people have written and shared online.

PASSIVE INCOME (by this evening) - Ad

Hey, I have an unique opportunity for those looking for additional ways to earn income right now. It can be done from home. You can do it in your spare time. And it only takes 6 clicks and as little as $50.

NIO Plans Organizational Changes At Onvo Sub-brand: What's Going On?

NIO reportedly unveils organizational restructuring, including the rebranding of strategic units, under its Onvo sub-brand, aiming for business and organizational advancement.

Your Second Chance to Profit from AI - Ad

If you missed out on Nvidia, don't worry. A 244-year-old pattern is about to trigger a $25.6 trillion AI surge... And send three overlooked stocks soaring 1,000%+

Stocks Ease Ahead Of Wednesday's Key Events, Apple Jumps To Record Highs, Bitcoin Tumbles To $66,500: What's Driving Markets Tuesday?

Wall Street traded slightly in the red on Tuesday morning as markets took a cautious stance ahead of the inflation report and the Federal Open Market Committee (FOMC) meeting on Wednesday.

The No. 1 Crypto of 2024 (Trading for Less Than 10 Cents) - Ad

25X Predicted For THIS Crypto -- Starting on June 24th, this tiny 3-cent crypto just partnered with one of the biggest companies in the world... Amazon. And one team of crypto experts has identified it as the most promising crypto of 2024. You can see all of the details surrounding the No. 1 Crypto of 2024 here.

Southwest Airlines CEO says he won't resign. A hedge fund is trying to get him fired

DALLAS (AP) — The CEO of said Wednesday he will not resign in the face of pressure from that wants him fired and that his leadership team will produce its own plan to boost the airline's .

Apple's Warranty Updates, iPhone Support Duration, And More: This Week In Apple News

Apple Inc. has been in the spotlight this week with policy changes and revelations. From cracked screen repairs to iPhone support period, here's a round-up of the top stories.

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

Myanmar's economy in crisis as civil strife disrupts trade and livelihoods

BANGKOK (AP) — Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country’s civil war increasingly disrupts trade and livelihoods.

In Wyoming, Bill Gates moves ahead with nuclear project aimed at revolutionizing power generation

Bill Gates and his energy company are starting construction at their Wyoming site for a next-generation nuclear power plant he believes will “revolutionize” how power is generated.

The Greatest Legal Transfer of Wealth in History Is Underway - Ad

The man CNBC called "The Prophet" bought AAPL at $0.35, AMZN under $2.50, and NVDA before it soared 1,200%. Recently, he sat down for an exclusive interview, revealing EXACTLY where to put your money this year. An investment vehicle he's so confident in, he says he'd put 50% of his kids' inheritance into this stock.

GM board approves another $6 billion share repurchase as the automaker gains momentum

WASHINGTON (AP) — General Motors approved another $6 billion share repurchase as the Detroit automaker continues to build momentum in 2024.

From Mac To Monolith: Apple Surpasses Microsoft As World's Largest Company By Market Cap

Apple traded above $216 a share on Wednesday morning, up over 4.5% on the day and 10% since its WWDC event on Monday afternoon.

Exposed: 3 Cent Crypto to Explode June 24th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Taiwan Semi Outperforms China's Top Chipmaker Amid Tech Challenges

Taiwan Semiconductor (TSM) outperforms China's SMIC this year, showcasing China's challenges in advancing its chip industry due to US restrictions.

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