The Golden Rule
Yesterday, a reader said he dreams of the U.S. getting “back on track.” We asked what you think it would take.
Our first contributor calls to mind Philosophy 101…
“[Apply] Immanuel Kant’s Categorical Imperative as the ethic by which the constitutionality of all legislation, regulations, executive orders, etc. must be judged.
“For those not familiar, the Categorical Imperative can be roughly paraphrased as:
Act only according to that maxim by which you can at the same time will that it should become a universal law.
“Or, as expressed in Kant’s Kingdom of Ends:
So act as to treat humanity, whether in your own person or in another, always as an end, and never only as a means.
In other words… apply the Golden Rule?
And this is grim:
“Can you say civil war? That is where we are headed.”
Agree or disagree?
Your Rundown for Tuesday, Oct. 8, 2019:
Boeing Bets On Virgin Galactic
Per General Electric’s decision to freeze pensions for 20,000 Americans, a reader says:
“Having spent 35 years in the insurance industry, I have advocated for many years that companies with underfunded pension plans be precluded from paying bonuses, doling out stock options and paying dividends until their pension plans are fully funded (not partially funded per the formula the government allows).
“This is one of many examples of a problem created by a corrupt Congress that benefits Big Business to the detriment of employees and the public.”
Absolutely. Execs shouldn’t get their “golden parachutes” while the pensions of everyday employees are in free fall.
We hope General Electric’s CEO Larry Culp does the right thing. Fingers crossed.
Today, we follow up on something we reported last week: the race to hypersonic technology. If you recall, Lockheed Martin got a multi-billion dollar government contract to build hypersonic missiles and more.
Here’s what hypersonic speed looks like: In a half hour, this technology can get from Washington, D.C. to Micronesia. That’s about halfway around the globe.
(By the way, we like LMT stock.)
Another company we like — despite several setbacks this year — is Boeing (BA). And now the aeronautics company is betting on hypersonic tech, too.
CNBC reports: “Boeing’s venture arm HorizonX announced on Tuesday that it will invest $20 million in Sir Richard Branson’s space tourism company Virgin Galactic, as the two companies hope to mature the technologies needed to make hypersonic air travel possible one day.”
This as Virgin Galactic prepares to be the first passenger space-exploration company to go public.
We’re curious: Would you be up for traveling at hypersonic speeds?
Market Rundown for Tues. October 8, 2019
S&P 500 futures are down 19 points to 2,919.
Oil is down 55 cents to $52.20 for a barrel of West Texas Intermediate.
Gold’s up $6.70 to $1,511.10 per ounce.
Bitcoin is up $14.26 to $8,232.11.
Have a great day. We’ll talk again tomorrow.