News Today: Same Old Same Old Stories

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Today was same story as yesterday. The financial markets are at record levels. Great, wonderful!

Here is something you may not know.

Boeing, the great airplane builder is halting production of the 737 Max Jet until they can assure the FAA (an us) that it won’t crash. This sounds like a yawning story except for one important thing. A slow down in getting this airplane back in the air will cost the U.S. economy. Predictions say this stoppage will costs the U.S. economy 1% of our Gross Domestic Product (GDP).

You may wondering, 1% is nothing noteworthy but here is the real deal:

Boeing employs 12,000 workers at its assembly plant

Boeing supports over thousands more working people in over 60 networks of suppliers and hundreds of smaller firms in its global MAX supply chain.

1% of our economy is $215,258,000 billion dollars. This delay in airplane building is greater than a government shutdown.

The only other note worthy news is the lead line that says: It’s Not You! Clothing Sizes Are Confusing. Why (I thought you would never ask)?

Remember going to the mall and trying on a million cloths. I guess the old adage “Size Really Matters.” is Important. If you think trying on clothes in a Mall is frustrating, trying buying your favorite pants, dress, shirt or what ever, ON-LINE. More clothes are being bought on-line and returned because one size does not fit all.

What do you do? You measure yourself very carefully and match your measurements to the clothes on the website. Shopping on-line may be convenient, but it has its drawbacks. According to the CEO at Levi Strauss, sizing will be obsolete in 10 years.

What do you think?

Another question for you? What information about finance would you like to see on this Blog.

Robert L. Woods (a.k.a. R. LaMont W.)

Robert L Woods

Robert L Woods

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About Me

Robert L. Woods is the retired partner of the Institute For Fiduciary Education (www.ifecorp.com) that provided investment seminars for public and private pension funds, endowments and institutional fund managers. He spent 28 years working for the State of California, as a budget and financial analyst which includes 16 years as an Investment Officer for the California State Teachers’ Retirement System (CalSTRS). At CalSTRS, he established it as one of the nation’s first institutional home loan programs with a down payment assistance component. He also spent 13 years on the Board of Trustees for the Sacramento County Employees Retirement System (SCERS). He was a Trustee with the University of California, Davis, Cal Aggie Alumni Association and a member of the Chancellor’s Council on Community & Diversity. He is a Life Member: Phi Beta Sigma Fraternity, Inc., Theta Gamma Sigma Chapter, Sacramento, CA.

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