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Accidents waiting to happen? Boeing 737 jet danger



The FAA has issued another directive to airlines – this time over concerns for the Boeing 737

The Federal Aviation Administration says over 10,000 aircraft around the world could be impacted by a faulty switch impacting cabin altitude pressure.

‘Cabin altitude pressure switches’ are of concern to the American watchdog and the directive requires airlines to conduct regular checks.

The FAA says airlines must replace or fix switches that are deemed faulty.

Aircraft cabins are pressurised to the equivalent of more than 8,000 feet.

Boeing supportive of the FAA directive

The FAA says the directive has been issued for all types of 737 aircraft.

Boeing stated it supports “the FAA’s direction, which makes mandatory the inspection interval that we issued to the fleet in June.”The FAA directive did not report any in-flight failures of the switches.

The watchdog stated that all aircraft assessments must be conducted within 2,000 flight hours since the last test of the cabin altitude pressure switches, before airplanes have flown 2,000 hours, or within 90 days of the directive’s effective date.

Boeing initially reviewed the issue, including the expected failure rate of the switches, and found it did not pose a safety issue.

Boeing’s increased problems

Boeing says it will cut 787 Dreamliner production after finding another production-related structural defect.

America’s aviation watchdog discovered problems with undelivered Boeing Dreamliners, forcing the manufacturer to take swift action.

The Federal Aviation Administration revealed that some undelivered Boeing 787 Dreamliner jets have a manufacturing quality issue impacting the nose of the aircraft.

The issues will likely further delay deliveries of the popular wide-body jets.

The FAA says the issue is “near the nose on certain 787 Dreamliners in the company’s inventory of undelivered airplanes. This issue was discovered as part of the ongoing system-wide inspection of Boeing’s 787 shimming processes required by the FAA.”

It also comes after a major customer partially canceled a 737 MAX order in a double hit to the U.S. planemaker’s COVID-19 recovery.

Boeing says it plans to fix the issues impacting the nose of the aircraft on the Boeing 787

The FAA added that “although the issue poses no immediate threat to flight safety, Boeing has committed to fix these airplanes before resuming deliveries.” The air regulators added after a review of data it “will determine whether similar modifications should be made on 787s already in commercial service

Boeing plans to address and fix the issue before the planes will be delivered

The aircraft manufacturing company has about 100 undelivered 787s in inventory.

Boeing suspended deliveries of the 787 in late May after the FAA raised concerns about its proposed inspection method, saying it was “waiting for additional data from Boeing before determining whether the company’s solution meets safety regulations.”

The FAA in May had issued two airworthiness directives to address production issues for in-service airplanes.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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Booming home market sees record prices amidst surging sales



The real estate market continues to defy expectations as home prices soar to record-breaking heights, even in the face of a selling surge.

The real estate landscape has been nothing short of remarkable, leaving experts and prospective buyers alike astounded.

The latest data from the National Association of Realtors (NAR) reveals that home prices across the nation have reached an all-time high, setting a new benchmark that eclipses previous records by a substantial margin. This meteoric rise in prices has caught many by surprise, as it defies the typical market dynamics where increased supply often leads to more competitive pricing.

The driving force behind this phenomenon appears to be the unprecedented surge in home sales.

Low-interest rates, combined with a renewed interest in spacious living due to remote work trends, have fueled an extraordinary demand for homes. Buyers are rushing to secure their dream homes, creating a frenzied atmosphere in the market.

However, this raises an important question: can the market sustain these soaring prices, or are we witnessing a housing bubble on the brink of bursting? Industry experts remain divided on the matter, with some expressing concerns about affordability and potential risks for buyers, while others argue that this is a reflection of a strong and resilient housing market.


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Warren Buffett warns of commercial real estate market crisis



Warren Buffett has issued a stark warning about the state of the real estate market. He believes that a storm is brewing, signaling potential trouble ahead for property owners and investors alike.

Buffett, often referred to as the “Oracle of Omaha” for his exceptional track record in predicting market trends, has expressed concerns about the current housing market conditions.

He points to several factors contributing to this impending crisis, including skyrocketing home prices, an oversupply of housing in certain areas, and rising interest rates.

These elements, he argues, are creating a perfect storm that could lead to a significant downturn in the real estate market.

The housing market has experienced a remarkable boom in recent years, with prices surging to record highs in many regions. However, Buffett warns that this rapid price appreciation may not be sustainable, and a correction is overdue.

He also highlights the challenges faced by first-time homebuyers who are finding it increasingly difficult to enter the market due to inflated prices.

As interest rates continue to rise, borrowing costs are climbing, making it more expensive for individuals to finance their home purchases. This could further exacerbate the situation, potentially leading to a decrease in demand and a subsequent decline in property values.

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U.S. freezes funding to Ukraine war effort



In a rare display of bipartisan cooperation, the United States House of Representatives has successfully passed a critical bill aimed at preventing a looming government shutdown.

The legislation, which sailed through the House with overwhelming support, now awaits approval from the Senate to ensure the uninterrupted operation of federal agencies and services.

The bill, which comes after weeks of intense negotiations between Democrats and Republicans, allocates funding for key government functions through the end of the fiscal year. This crucial move ensures that federal workers will continue to receive their salaries, and vital programs and services, such as healthcare, education, and defense, will remain operational.

The specter of a government shutdown has been a recurring issue in recent years, causing uncertainty and disruption for millions of Americans. It often stems from political gridlock and disagreements over budget allocations. However, this time, lawmakers from both sides of the aisle have come together to prioritize the nation’s stability and well-being.

Key provisions of the bill include funding for infrastructure projects, pandemic response efforts, and disaster relief programs. Additionally, it addresses issues related to immigration and national security, striking a balance that satisfies various factions within Congress.

The Senate is expected to take up the bill promptly, with lawmakers expressing confidence in its swift passage. If approved by the Senate and signed into law by the President, this legislation will provide much-needed stability and relief for the American people.

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