As protests continue, this story highlights some of the human cost of socialism. BUT, never forget, a majority of the Venezuelans brought this on themselves by buying into all the promises socialists made. Promises of an easier life and a guaranty that the government would take care of them. They always promise this. They never deliver.
If a state has high income taxes, and the federal government stops subsidizing them by limiting the federal deductibility of SALT taxes, comedy ensues.
I think Boeing is an amazingly well-run company. I think their decision not to compete with the A380 and instead develop the 787 was strategic genius. However, I doubt the wisdom of developing a supersonic business jet. I am just not sure the market is big enough to justify the investment.
Things are developing quickly in Venezuela. It is unclear if this is the beginning of the end of Maduro or if he can hold onto power. I hope the former.
Jamaica had the best performing stock market in the world last year. Interesting to see the turn around in the Jamaican economy.
Just heart-wrenching. How many times does man need to learn the lesson of socialism’s failures?
Boeing is working on a “transonic wing” that will allow airliners to fly close to, but not exceed the speed of sound. This would cut some longer flight travel times by a significant amount, at a much lower cost than a supersonic airliner.
I have spent a fair amount of time lately on the crisis in Venezuela, but we should not forget the other socialist hellhole in the western hemisphere, Cuba. Here is an article on how folks scrape by there.
I’ve been to it and it is beautiful. Do to liability and environmental issues, you’d never have an attraction like it in the US. Like many things in Jamaica, it is apparent suffering from mismanagement. Unfortunately the news story is very short on details.
