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      Boeing Seeks to Line Up Billions in Financing as Strike Goes On

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      The aerospace giant said it could raise as much as $25 billion in debt or equity over the next three years, including a $10 billion line of credit.Boeing on Tuesday announced steps to improve its financial position as costs mounted and a strike by its largest union entered its second month.In two regulatory filings, the company said that it could raise as much as $25 billion by selling debt or stock over the next three years and that it had entered into a $10 billion credit agreement with a group of banks, which it has not yet drawn on.“These are two prudent steps to support the company’s access to liquidity,” the company said in a statement. The banks are BofA Securities, Citibank, Goldman Sachs Lending Partners and JPMorgan Chase.The moves come days after Boeing revealed about $5 billion in new costs and announced a restructuring that included plans to cut 17,000 jobs, or 10 percent of its work force.The strike, which began a month ago, is costing the company tens of millions of dollars a day, according to various estimates. Most of the workers who walked out are involved in production of commercial airplanes, bringing much of that work to a virtual halt, though one major airplane program is manufactured at a nonunion factory in South Carolina.Talks between the company and the union representing 33,000 striking employees, the International Association of Machinists and Aerospace Workers, broke down last week, with Boeing retracting its latest contract offer and each side blaming the other for intransigence.Julie Su, the acting labor secretary, visited Seattle on Monday to meet with Boeing and the union, the union said in a statement.The strike is very likely costing Boeing about $1.3 billion in capital a month, according to calculations by Sheila Kahyaoglu, an analyst at Jefferies, the investment bank. Given those costs and its need for more debt, raising $10 billion by selling new shares would provide the company “considerable flexibility,” she added.Last week, S&P Global Ratings also said it was considering lowering Boeing’s credit rating, depending on how long the strike lasts, to junk status, a downgrade that would raise Boeing’s borrowing costs. The company’s debt totals nearly $58 billion, up from about $9 billion a decade ago.And the chief executive of one of the world’s largest airlines, Tim Clark of Emirates, said recently that Boeing could be forced to seek bankruptcy protection if it was not able to issue more shares to improve its financial position. “Unless the company is able to raise funds through a rights issue, I see an imminent investment downgrade with Chapter 11 looming on the horizon,” Mr. Clark told The Air Current, an aerospace news publication. More

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      Phoenix Springs: Computer Game as Philosophical Journey

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      The writer of the game Phoenix Springs says it touches upon two questions at the heart of Buddhism: What is the nature of death, and what is the nature of perception?Reflecting on mankind’s long history with technology, the British philosopher John Gray makes a bracing assertion in his book “Straw Dogs”: “Technology is not something that humankind can control. It is an event that has befallen the world. Once a technology enters human life — whether it be fire, the wheel, the automobile, radio, television or the internet — it changes it in ways we can never fully understand.”It’s an observation brought to mind by the new point-and-click computer game Phoenix Springs, an eye-catching, thought-provoking exploration of the unintended consequences that follow a society-wide embrace of biohacking.Players fall into the role of Iris, a veteran reporter, as she sits on a train with a desert looming through a window. The opening seconds, and an arresting dissolve from the sun-flooded train to a shadowy apartment, sets the tone for what follows — a slippery exploration of memory, time and space grounded in Iris’s quest to uncover the mystery of what happened to her brother.Phoenix Springs, by Calligram Studio, offers a refreshing take on the point-and-click genre whose heyday was the 1980s and 1990s. Instead of amassing items that need to be deployed throughout the game, Iris collects information — names, ideas, phrases — which she must apply to her surroundings to try to make sense of them.The game’s writer and designer, Jigme Ozer, said he tried to avoid “the key before door problem” baked into too many point-and-click games — where the player picks up an object lying around an environment and then looks for where it can be used. That’s not how it works in real life, Ozer observed. “If you have a problem,” Ozer said, “it stays in your head before you go looking for the solution.”Iris’s problem is unveiled in those early moments on the train.Clicking on Iris causes a squarish white overlay to appear with the name Leo Dormer. The window disappears when you click the name, and hovering the cursor over Iris causes a small text box to appear with both of their names next to each other.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      50 Years After Killing, a Berlin Court Convicts a Stasi Officer of Murder

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      The court handed down a guilty verdict and a 10-year sentence to a former officer of East Germany’s dreaded secret police, in a case straight out of the Cold War.It was a brutal act from another time, almost another world, when the Cold War was hot and Germany was divided: An officer of East Germany’s feared secret police shot and killed a man trying to cross into the West.Half a century later, a German court on Monday found the 80-year-old former officer, Manfred Naumann, guilty of murder and sentenced him to 10 years in prison, one of the harshest penalties meted out for the reign of terror by the secret police, known as the Stasi.Over several days in March and April of this year, the only known living witnesses to the shooting faced the defendant in a high-security courtroom in Berlin, testifying to what they saw on March 29, 1974.The witnesses — then schoolgirls, now retired women — all said that seeing a killing so young affected them for the rest of their lives. Trim and neatly dressed, Mr. Naumann, who lived for years in comfortable anonymity in a house in Leipzig, Germany, looked on in silence.The trial, almost 35 years after the fall of the Berlin Wall, was a reminder of the pervasiveness and impunity of the dreaded Stasi, and of the dark sides of the oppressive Communist regime, which many people in the East now view with some nostalgia.In November 1989, when the wall fell, the Stasi had an estimated 91,000 employees and 180,000 part-time spies, using coercion and violence to keep the Communists in power for four decades. It pressed ordinary people into spying on their co-workers, neighbors, friends, even their families, and building dossiers on millions of people.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Harris Uses Trump’s Own Words to Attack Him as ‘Unhinged’: ‘Roll the Clip’

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      Former President Donald J. Trump’s words thundered from screens at a packed campaign rally on Monday night in Erie, Pa. But the event was for Vice President Kamala Harris, who was using Mr. Trump’s own words as her campaign amplified warnings of the dangers she says he poses should he win a second term in the White House.Ms. Harris pulled few punches as she portrayed her Republican opponent as an authoritarian obsessed with his own power, pointing to Mr. Trump’s recent rallies and media appearances where he has asserted that his Democratic detractors were the “enemy from within,” more dangerous than foreign adversaries like Russia and China, and that they “should be put in jail.”“After all these years, we know who Donald Trump is,” Ms. Harris said. “He is someone who will stop at nothing to claim power for himself.”In a striking moment, Ms. Harris told the crowd of 6,000 that they didn’t have to take her word for it, that she had an example of his “worldview and intentions.”“Please — roll the clip,” she said as the crowd groaned and gasped as Mr. Trump’s face flashed on screens.“He’s talking about the enemy within our country, Pennsylvania,” Ms. Harris said to a jeering crowd. “He’s talking about that he considers anyone who doesn’t support him, or who will not bend to his will, an enemy of our country.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      2 Men Accused of Killing 72-Year-Old While Posing as Utility Workers

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      Two men who said they were looking for a gas leak killed the man in his basement in suburban Detroit and bound his wife with duct tape before taking her watch and phone, prosecutors said.Two men posing as utility workers looking for a gas leak killed a man and bound his wife with duct tape after being admitted to their home in an upscale Detroit suburb on Friday, the authorities in Michigan said.One man, Carlos Jose Hernandez, 37, of Dearborn, Mich., was arrested after being stopped by the police in Shreveport, La., on Saturday, according to a news release from the Caddo Parish Sheriff’s Office. The other, whose name has not been released, was stopped and arrested in Plymouth Township, Mich., on Monday, according to a Facebook post from the Oakland County Sheriff’s Office.Killed in the attack was Hussein Murray, 72, a business owner. His wife, also 72, was briefly hospitalized and was later released, according to the sheriff’s office. The woman’s phone and watch were taken during the attack, according to Karen McDonald, the Oakland County prosecutor.The authorities said that the two intruders, in search of valuables, had first tried to talk their way into the home in Rochester Hills, Mich., about 10 p.m. Thursday but that the couple had not admitted them. The men indicated that they would return in the morning and then did so, Ms. McDonald said.Footage of the Thursday night encounter released by the sheriff’s office from the couple’s Ring camera shows a man who the authorities said was Mr. Hernandez at the couple’s doorstep in a yellow vest and a mask and holding a clipboard. The other man, also in a yellow vest, stands facing away from the camera.In the video, the man the authorities identified as Mr. Hernandez says they are with DTE, an energy company based in Detroit, and turns his clipboard toward the camera to show a form with the DTE logo.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Kamala Harris concede una entrevista a un medio no tan amistoso: Fox News

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      La entrevista, que realizará el presentador Bret Baier, se emitirá el miércoles a las 6 p. m. hora del Este.La vicepresidenta Kamala Harris ha aceptado una entrevista con Fox News, dijo la cadena el lunes.La entrevista, con el presentador político en jefe de Fox News, Bret Baier, sucederá cerca de Filadelfia el miércoles, poco antes de que se emita a las 6 p. m., hora del Este, en el programa de Baier, Special Report. Se espera que Harris responda preguntas durante 25 o 30 minutos, dijo la cadena.Se trata de la primera entrevista formal de Harris con Fox News, cuya programación diaria se centra en la opinión pública conservadora, que a menudo apoya abiertamente a su oponente republicano, el expresidente Donald Trump.También podría representar una oportunidad para la candidata demócrata a tres semanas del día de las elecciones.Harris tendrá la oportunidad de transmitir su mensaje a un público que puede mostrarse escéptico ante su candidatura. Su disposición a aparecer en Fox News puede ayudar a la percepción de que está abierta a enfrentarse a preguntas difíciles. Además, puede llegar a una zona de votantes independientes, que ven más Fox News que CNN o MSNBC, según un estudio de Nielsen.Demócratas de alto rango llevan tiempo mostrando hostilidad hacia Fox News, llegando incluso a prohibir formalmente que la cadena organice un debate durante las primarias en 2020. Hillary Clinton, en 2016, fue la última candidata presidencial demócrata en sentarse para una entrevista en Fox News. El presidente Biden no ha aparecido en la cadena desde que asumió el cargo, aunque ha discutido en conferencias de prensa con su corresponsal principal en la Casa Blanca, Peter Doocy.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      NYT Crossword Answers for Oct. 15, 2024

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      Lindsay Rosenblum’s Crossword debut is a hit.Jump to: Today’s Theme | Tricky CluesTUESDAY PUZZLE — You might expect a New York Times Crossword debut to be more simple and less thrilling than one constructed by a longtime puzzler, in the same way that a black-diamond-level ski run offers definitively more excitement than a bunny hill. But we only use the term “debut” to indicate the first time a given constructor is featured in The Times. It is by no means indicative of how much you can hope to enjoy the puzzle itself. If anything, a debut means you’re more likely to see something you’ve never seen before.Today’s crossword is Lindsay Rosenblum’s debut, and I found it to be exceptionally lively. Her theme is subtle, but smart. The grid contains one or two debut Crossword entries, too, and an Easter egg entry that may help you uncover the theme. In short, Ms. Rosenblum has set a high bar for herself with this puzzle. I can’t wait to see her vault over it with her next one.Today’s ThemeWhether it’s Tinder, Bumble or the [Match.com alternative], OKCUPID (1D), there’s no shortage of ways to find love online. But how does one [Show interest on a dating app]? The answer to this clue, at 60-Across, is key to discovering what connects the themed entries 16-, 25-, 36 and 51-Across. More specifically, as our revealer suggests, it will tell us what these Across entries [must do to be successful]. The answer is SWIPE RIGHT.Each of today’s themed entries must, in a different sense, SWIPE RIGHT (as in correctly). Your CREDIT CARD (16A) must swipe properly through a payment machine. A PICKPOCKET (25A) has to swipe valuables without being detected. An INSULT COMIC (36A) must take effective verbal swipes at a roast’s honoree. And you’ll see many a swipe dealt by an M.M.A. FIGHTER (51A), who, incidentally, participates in a different kind of “match” than the one alluded to by the revealer.Tricky Clues1A. I half-jokingly wondered whether [No longer taking, as a medication] might solve to “Cured!” but relented once crossings proved that it didn’t. The correct answer is OFF OF, though to my mind, simply saying “off” is just as common. Perhaps other constructors agree with me, since OFF OF has appeared in the Crossword only once before — in 1966.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Ka, Lone Soldier of New York’s Underground Rap Scene, Dies at 52

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      The rapper, whose name was Kaseem Ryan, was known for self-producing 11 albums while also a maintaining a career with the New York Fire Department.Kaseem Ryan, who built a small but fervent following as an underground Brooklyn rapper known as Ka while maintaining a career as a New York City firefighter, died in the city on Saturday. He was 52.His death was announced by his wife, Mimi Valdés, on Instagram, as well as in a statement posted on his Instagram page. No cause was given, though the statement said that he had “died unexpectedly.”First with the mid-1990s underground group Natural Elements, and then on 11 solo albums he produced himself and released over nearly two decades, Ka gripped hard-core hip-hop listeners with gloomy beats and vivid descriptions of street life and struggle.In a 2012 review of his second album “Grief Pedigree”, The New York Times pop music critic Jon Caramanica described Ka as “a striking rapper largely for what he forgoes: flash, filigree, any sense that the hard work is already done.”Kaseem Ryan was born in 1972 and raised in the Brownsville neighborhood of Brooklyn in New York. During his teen years, he dealt crack and sold firearms.He spent much of the 1990s trying to make a name for himself as a rapper, but then quit music altogether, only to come back a decade later.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More