Please Be Informed...

FAA caves; Boeing grounds all B737 MAX

vspace_10px.png

Let's accept for a moment that, good as it is, data from commercial flight-tracking services is not 100% authoritative. But it is certainly extremely persuasive. The data that was made available immediately after the crash of Ethiopian Airways flight 302 showed a remarkable similarity to similar data published after the crash of Lion Air JT610. As more and more countries banned B787 MAX, the FAA supported Boeing. Boeing said "we stand by our aircraft." Then even more compelling evidence of similarity between the crashes emerged.

CoNet Section:

Aviation

spacer_20_tallx1_wide.png

please_be_informed_front_page_article_separator.png

UK MPs vote against a "no deal" withdrawal

vspace_10px.png

Here's a good argument in favour of leaving the EU: last night the UK's House of Commons voted against leaving the European Union without a deal in place to ensure an orderly exit. But, they are impotent : whether the UK leaves on 29th March without a negotiated "divorce," is governed by the Lisbon Treaty. And the Lisbon Treaty is superior to British law and, even, the British Parliament.

spacer_20_tallx1_wide.png

please_be_informed_front_page_article_separator.png

Ban the sale of unsafe goods, Australia's consumer protection body says

vspace_10px.png

"Many people are surprised to learn that it is not illegal to sell unsafe goods in Australia. Many think there’s already a law that says goods have to be safe. Well, there isn’t, but there should be," says Rod Sims, chairman of the Australian Competition and Consumer Commission.

spacer_20_tallx1_wide.png

please_be_informed_front_page_article_separator.png

US Fed issues lifetime bans on Goldman's Leissner and Ng

vspace_10px.png

It's not enough but it's a start. And it's too little, too late. The USA's Federal Reserve Board no doubt hopes that by taking a strong line against two individuals that it can diminish the damage done to Goldman Sachs over its participation in the Malaysian financial case relating to 1MDB. And the fact that it's taken so long for the Fed to act doesn't cast the regulator in an especially good light, either.

BIScom Subsection:

Regulation

spacer_20_tallx1_wide.png

please_be_informed_front_page_article_separator.png

UK Parliament votes down the revised deal

vspace_10px.png

As we noted yesterday, this newspaper's review of the so-called binding agreement reached with the EU, did not actually prevent the feared lock-in that Leavers want to ensure does not happen. The Attorney-General agreed and when his view was put before Parliament, MPs voted down the supposedly revised deal. Again. That leaves Mrs May to follow Plan X.

spacer_20_tallx1_wide.png

please_be_informed_front_page_article_separator.png

MotoGP: Season starts with great promise

vspace_10px.png

MotoGP has, in recent years, had flashes of brilliance but periods of extreme dullness. If the first race of 2019, Qatar, is any guide, that's not going to be the case this season. And there's interest in the lower formulae, too.

CoNet Section:

Motorsport

spacer_20_tallx1_wide.png

please_be_informed_front_page_article_separator.png

Even more reason for Malaysia to review Boeing deal.

vspace_10px.png

In July last year, we said Malaysia needs to review Malaysia Airlines - Boeing deal because of political issues. Now, there's another reason to look at it.

CoNet Section:

Aviation

spacer_20_tallx1_wide.png

please_be_informed_front_page_article_separator.png

"Legally binding" amendments to the UK 's Withdrawal Agreement with the EU

vspace_10px.png

Today is a big day in the UK's parliament. It's a re-run of the so-called "meaningful vote" and it's pretty much the last chance for the UK to avoid leaving the EU without an exit strategy a.k.a. deal although there are plans X,Y and maybe Z to avoid that happening, at least one of which will rely on the co-operation of the EU - or might not, depending on how one views a particular part of the Lisbon Convention.

spacer_20_tallx1_wide.png

please_be_informed_front_page_article_separator.png

Hong Kong forced to support HKD v USD again.

vspace_10px.png

The weak-side Convertibility Undertaking (CU) of HKD7.85 to USD1 under the Linked Exchange Rate system (LERS) was triggered yesterday during the London and New York trading hours. The HKMA sold US dollars (USD) for Hong Kong dollars (HKD) of HKD1,507 million. The Aggregate Balance will reduce by the corresponding amount to HKD74,802 million on 12 March.

BIScom Subsection:

Investment and institutional securities

spacer_20_tallx1_wide.png

please_be_informed_front_page_article_separator.png

Legal Professional Privilege in ASIC investigations

vspace_10px.png

Australian financial services giant AMP and its solicitors Clayton Utz have "surrendered" in their objections to producing notes of meetings which they claimed were subject to legal professional privilege. ASIC's position is simple: it has wide ranging powers to compel the release of documents and it will accept only a narrow and strict definition of legal professional privilege.

CoNet Section:

Legal Profession

spacer_20_tallx1_wide.png

please_be_informed_front_page_article_separator.png

Why are Boeings still flying?

vspace_10px.png

Another Boeing has crashed killing everyone on board. Again, it was a new aircraft. Boeing have long had a problem with quality control which regulators have shrugged off or allowed jerry-rigged solutions to be implemented. Why are they allowed to get away with it? Has the airline industry not learned the lessons of the Ford Pinto?

CoNet Section:

Automotive Industry

spacer_20_tallx1_wide.png

please_be_informed_front_page_article_separator.png

Chinese government's mailing list hacked?

vspace_10px.png

With all the fuss about China's interest in foreign computer systems, it's salutory to note that a suspicious crypto-asset report made at www.GlobalKYC.com demonstrates that the Chinese government's servers are not immune from attack.

CoNet Section:

IT & Communications

spacer_20_tallx1_wide.png

please_be_informed_front_page_article_separator.png

Female stewards v Stewardesses

vspace_10px.png

Don't say that:

Female stewards

Do say this:

Stewardesses

Regulatory Notices

Health and Safety

GlobalKYC - Suspicious Crypto Assets Register - latest

Pages