U.S. beef, pork exports sluggish in May

first_imgShare Facebook Twitter Google + LinkedIn Pinterest After an encouraging performance in April, exports of U.S. beef and pork lost momentum in May, falling below year-ago levels in both volume and value according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).Beef exports moved counter-seasonally lower in May, dropping 14% from a year ago to 88,466 metric tons (mt). Export value dipped lower year-over-year for the first time since January, reaching only $556.7 million (down 6%). For January through May, exports totaled 430,393 mt, down 10% from the same period in 2014. Export value remained ahead of last year’s pace at $2.68 billion (up 2%).January-May beef exports equated to 13% of total beef production and 10% for muscle cuts only — down from 14% and 10.6%, respectively, last year. Export value per head of fed slaughter averaged $291.70, up 9% from a year ago.Pork exports totaled 184,865 mt in May, down 2% from a year ago, while value slipped 18% to $489.2 million. Through the first five months of 2015, pork exports were down 6% in volume (910,967 mt) and 15% in value ($2.42 billion) from the same period last year.January-May pork exports equated to 25% of total production and 21% for muscle cuts only — down from 28% and 23%, respectively, a year ago. Pork export value per head slaughtered averaged $51.39, down 19% from the first five months of 2014. Korea a bright spot for U.S. beefBeef exports to South Korea remained strong in May, increasing 5% from a year ago in volume (9,740 mt) and 11% in value ($64.8 million). This pushed January-May exports to Korea 4% higher in volume (48,568 mt) and 9% higher in value ($341.9 million). The market could see a short-term slowdown, however, due to the toll the recent outbreak of Middle East respiratory syndrome (MERS) has taken on consumer spending in Korea. MERS was first diagnosed in Korea on May 20, but became a major public health concern in early June.“Although MERS is not a food safety issue, its impact on Korea’s restaurant sector was dramatic in June,” said Philip Seng, USMEF President and CEO. “Fortunately our staff in Korea reports that the situation has improved significantly this month, with consumer activity beginning to return to normal. We expect beef demand in the Korean market — which is one of our strongest performers in 2015 — to rebound fairly quickly.”Another bullish factor is Korea’s domestic beef prices, which soared to near-term highs in June, reflecting relatively tight supplies.Results for U.S. beef in other Asian markets have been mixed so far in 2015, with most struggling to keep pace with last year’s import volumes. Exports to Japan slumped in May, falling 10% from a year ago in volume (17,964 mt) and 15% in value ($106.9 million). Through May, exports to Japan remained modestly higher than a year ago at 88,936 mt (up 2%) valued at $564.6 million (up 3%).Other January-May results for U.S. beef included: Exports to Hong Kong fell 17% in volume (49,264 mt) and 8% in value ($370.4 million).Export value to Taiwan managed a solid increase ($117.5 million, up 13%) despite a 5% decline in volume (12,321 mt).Although exports to the ASEAN region were down 23% in volume (9,155 mt), export value was still up 14% to $63.5 million. Major destinations performed well, with exports exceeding year-ago levels to the Philippines, Vietnam and Singapore. The regional drop in export volume was mostly due to a sharp decline in exports to Indonesia (624 mt, down 85%), driven in large part by restrictive import regulations and a severely weakened currency. While beef export value has managed to stay in positive territory in most Asian markets, Seng cautions that the U.S. industry faces a volatile business climate.“Lack of access to China, which never reopened after the 2003 BSE case, is definitely holding back our export growth,” he said. “China is a burgeoning market that impacts prices and product flow throughout a large region and its influence on global beef trade is growing rapidly. Exporting to China would significantly expand the presence of U.S. beef in Asia, but we remain on the sidelines as our competitors gain a stronger foothold.”Just four years ago, China’s beef imports totaled only $112 million for an entire calendar year. Through May of this year, imports exceeded $700 million — up 17% from the record pace of 2014. Primary suppliers are Australia, Uruguay, New Zealand and Argentina. Pork exports slip to mainstay destinations Japan, MexicoAfter a relatively strong performance in April, pork exports to Japan and Mexico took a step back in May. Export volume to Japan dipped 9% from a year ago to 39,340 mt, while value was down 18% to $152.9 million. Through the first five months of the year, exports to Japan were down 11% in volume (189,188 mt) and 18% in value ($705.2 million).May exports to Mexico were the lowest in 19 months at 53,186 mt, down 6% from a year ago. Export value fell by nearly one-third to $95.1 million. For January through May, exports to Mexico remained 5% ahead of last year’s pace in volume (291,184 mt) but were down 17% in value ($508.7 million), reflecting the decline in pork prices from last year’s record levels.Other January-May results for U.S. pork included: Exports to Korea cooled slightly in May but remain on a very strong pace, with volume up 38% to 95,686 mt and value up 37% to $285.1 million. Pork demand also took a short-term hit due to MERS, but should be strong in coming months as domestic production is taking longer than expected to recover from the impact of recent outbreaks of PEDV and FMD. Korea’s domestic pork carcass prices edged slightly lower June but still averaged $2.40 per pound — among the highest in the world.Growth to Honduras and Guatemala offset smaller volumes to Colombia, resulting in steady volume to Central/South America (51,257 mt). Export value was down 3% to $132.8 million. The outlook for this region looks positive as exports to Colombia gained momentum in May and shipments to Honduras and Guatemala have surged even higher in recent weeks.Limited access to China, which only a small number of U.S. pork plants are eligible to serve, continues to dampen exports to the China/Hong Kong region — a critical destination for selected pork and pork variety meat items, especially with China’s hog prices hitting multi-year highs. Export volume was down 21% from a year ago to 130,525 mt and value fell 26% to $273.6 million. The European Union is dominating the region’s imported pork market, accounting for nearly 70% of pork entering China/Hong Kong.Exports to the ASEAN region were down sharply, falling 51% in volume (16,200 mt) and 58% in value ($35.5 million) on lower shipments to the Philippines and Singapore. “The tremendous influx of lower-priced European pork has reshaped the competitive landscape in Asia,” Seng said. “The European industry has aggressively targeted Japan and China, successfully capturing market share. But we’re also seeing a significant impact in smaller markets such as the Philippines, Taiwan, Singapore and Australia, and Korea continues to be a strong destination for European pork. While this surge was prompted by the closure of the Russian market, this is not a short-term phenomenon. There has been a significant transition in global pork trade patterns and we expect it to have a lasting impact.”Russia was traditionally the largest destination for EU pork, but suspended imports in January 2014 due to African swine fever. Russia also included pork from the EU, U.S. and Canada in the trade embargo imposed last year as a result of the ongoing conflict in Ukraine. Russia recently announced that it would extend this embargo through June 2016, meaning that large supplies of European pork will continue to flow to other markets. The weakened euro – currently down about 22% year-over-year versus the U.S. dollar – has also bolstered the competitiveness of EU pork. May lamb exports rebound slightly, but remain lower year-over-yearAfter hitting a low point for the year in April, May lamb exports rebounded to some degree, reaching 901 mt (steady with last year) valued at $1.68 million (down 29%). Through May, 2015 exports were down 18% in volume (3,679 mt) and 26% in value ($8.27 million) from a year ago. While lamb exports have achieved promising growth in emerging markets in the Middle East and the Caribbean, these gains were offset by sharp declines to Canada and Mexico.last_img read more

Does Social Media Really Drive Startup Sales?

first_imgEveryone knows that you need to incorporate social media into your startup’s marketing strategy. It’s a no-brainer, right? Social media builds brand awareness and increases revenues. Or does it?Several months ago General Motors and its $10 million marketing budget walked away from Facebook, announcing that advertising on the largest social media platform in the world had “no value.” (As I write this, however, GM is considering returning to Facebook, and the man who made the decision to pull the ads was just fired.)You won’t get many arguments that having a social media presence indeed builds awareness. But just because someone “Likes” your business on Facebook, checks in on Foursquare, gives you a rave review on Yelp or tweets nice things about your company doesn’t necessarily result in a sale or more revenue to your bottom line.Measuring the Impact of Social Media In fact, it’s not easy to actually measure the return on investment (ROI) of these activities. But analytics software provider Alteryx says it has the solution. Paul Ross, Alteryx’s vice president of product and industry marketing, says the company’s strategic analytics program has found a way to “capture core social media activity and marry it with what actually happens in a business” to measure if a “customer who likes your company on Facebook is more likely to purchase your products.”The data indicates, according to Ross, that 1,000 check-ins on Foursquare equals a 1% to 2% impact on a company’s sales. For Facebook, it’s a little more complicated, with results dependent on specific demographic breakdowns. For instance, the research shows that people who “Like” your business on Facebook are more likely to purchase “high-value items.” Armed with that knowledge, you can more intelligently target your prospects.Ross says that the more “big data” you have, the better prepared you are to make strategic decisions. But the key for startups is the ability to easily understand what the data is telling you. As Alteryx President and COO George Mathew notes, most entrepreneurs aren’t armed with Ph.D.s in data science and statistics. But they “know [their] business, know and understand the data that surrounds their business and are smart about what they need to get done.”Mix Social Media With Metrics and Traditional MarketingRoss believes “data adds deeper context to [a company’s] social media engagement.” The bigger trend is the continued convergence of social media and traditional marketing, with information being central to it all. Ross says there are some other emerging trends startup entrepreneurs should pay attention to:• It’s important not to get enamored of social media analytics all by themselves. You need to tie them into business performance.• Find the connections between your virtual world and your actual customers.• There’s a shift underway from investing in social media for building awareness to driving behavior.• For many businesses, there’s a new emphasis on location-based actions. Will your customers in Washington act the same as those in Wyoming? (This is important whether your business is in a physical location or online.)The more business intelligence you have at your disposal, the more successful you are likely to be. Related Posts The Dos and Don’ts of Brand Awareness Videos rieva lesonsky Guide to Performing Bulk Email Verificationcenter_img Tags:#marketing#social networks#start#StartUp 101 Facebook is Becoming Less Personal and More Pro… A Comprehensive Guide to a Content Auditlast_img read more

Filmmaking Tips: The Basics of Shooting A Dialogue Scene

first_imgPlanning a two-person dialogue scene in your next film or video project? Here’s everything you need to know to pull off the shoot.Cover image by guruXOX.Dialogue is just as important in film and video as it is in real life. Even during the early days of silent cinema, dialogue was a necessary aspect of storytelling — through dialogue cards and captions. In modern film and video, dialogue scenes are the crux of narrative development.If you’re working on conversational scenes in your own project, follow these steps to get good coverage, a good audio recording, and proper editing.Shots to ConsiderImage by IxMaster.Let’s start with the basics. Say you’re shooting a two-person conversation. The situation is the same in everything from cinema classics to modern sitcoms: you have two stationary actors talking back and forth. As a filmmaker, you want to maximize and stylize your coverage for a mix of wide and close-up shots. Here are a few shots to consider:A wide two-shot.OTS of each subject (over-the-shoulder).Close-ups of each person talking.Close-ups of each person listening and reacting.Cutaways (aspects of the scene for cutaways in the edit). Lighting SetupsImage by gnepphoto.Lighting becomes tricky when shooting your dialogue scenes — especially if you’re not using a single-camera setup. With a single camera, it’s common practice to shoot from wide to close-ups. Once you’re not in a two-shot anymore (and have moved beyond over-the-shoulder framing), you only need a lighting setup for one individual. To help your actors, the other participant in the conversation can still say his or her lines — or you can use a stand-in.If you are shooting multiple cameras, you’ll have to plan accordingly to light both characters equally for all angles of coverage. Here’s a great article about how and why sitcoms use three-camera setups (and the lighting problems filmmakers have had to solve over the years) to get complete coverage of dialogue-heavy content.Recording Audio OptionsImage by guruXOX.After setting your shots, audio becomes your next biggest concern. Working with two people in a static position doesn’t present too many challenges, though, so your traditional options are definitely still on the table. The real challenge is when you add more people (especially when they start talking over one another) and movement. Here are some basic approaches:Boom overhead.Boom under.Lapel mics on each person.Audio recorder hidden between both.The decision comes down to getting quality audio from both subjects. If you’re booming both, you’ll need to be positioned perfectly or quick to pivot to catch each person’s dialogue. If you’re mic-ing both, be wary of cross chat and picking up too much of the other person.Editing a Dialogue SceneImage by Tero Vesalainen.When editing a dialogue scene, your main goal is to clearly present who is speaking and what they’re saying. If your shots were captured well and your audio recorded clearly, you’ll have an easier time and some flexibility for experimentation. However, if you need to cover mistakes from the shoot, you’ll be need to be creative to fill in missing information.Some basic tips for editing a dialogue scene:Start with the two-shot to establish the characters and their environment.Alternate close-ups of each person when they talk.Use reaction shots only when needed.Use cutaways as elements in the environment are mentioned. More Advanced TipsImage by gnepphoto.Once you’ve got the basics down, you can begin adding other elements, like additional characters, outside noises, and movement. Even keeping your camera stationary and letting your characters move around a little bit can create new problems you’ll have to solve. (It gets even tricker when your camera is in motion.) For more advanced tips and tricks when shooting dialogue-heavy scenes, check out some of these resources:How To Capture Smooth Walk-and-Talk Shots Without A Movi Or SteadicamTips For Keeping A Long Dialogue Scene Visually InterestingHow to Light an Exterior Day Scene Without LightingPremiere Pro Tips for Editing and Mixing Audio, Music, and SFXHow to Direct Scenes Containing Minimal Dialoguelast_img read more

Boxer Vijender Singh decides to move up to 81kg from next year

first_imgThe London Olympics disappointment behind him, Indian boxing star Vijender Singh is all set to pack a heavier punch from next year, when he goes up a division to light heavyweight (81kg) for the World Championships.”There is nothing much this year. I will be participating in the World championship in the 81kg category,” Vijender, who lost in the quarterfinals of the London Games, said.The strapping six-footer had a hugely successful stint in the 75kg division, bagging his and the country’s first Olympic and World Championships boxing medal (a bronze in both events) in the category.The 26-year-old also went on to become the world number one in 75kg after the World Championships medal in 2009.Meanwhile, the Haryana-lad would give the Nationals a miss for the fifth year running. But he would be there on the sidelines of the tournament, scheduled in Hyderabad from October 30 to November 4, to catch the action live.”No, I am not participating in the Nationals though I will certainly be going to watch bouts. I will be going there for the opening ceremony,” he said.Vijender was in the city to shoot for a campaign by People for the Ethical Treatment of Animals (PETA) against confinement of animals by circuses.last_img read more

Aboriginal business leaders inducted in hall of fame

first_imgAPTN National NewsIt was a time of celebration in Toronto last night as the Aboriginal business community came together from across the country to honour two trail blazers.The Canadian Council for Aboriginal Business inducted two business men into the Canadian Aboriginal Business Hall of Fame.APTN National News reporter Donna Smith was there.last_img

Police Records Noticed Update

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp#TurksandCaicos, October 1, 2017 – Providenciales – We are pleased to update the public that the police records office on Providenciales will be open with some restrictions from Monday 2nd October 2017.   New applications for Police Records will be accepted on the following days:Monday 2nd, Wednesday 4th and Friday 6th October 2017 between the hours of 8:30am and 3:30pm.   However applications will only be accepted where the police record is required for travel or any other reason within 14 days of the application date.Applicants will have to prove by way of an airline ticket or other documentation that the police record is required within the 14 day period.   Please be advised that due to the restricted service that we are able to provide, applications will take seven (7) working days (This includes the day of application) to process.There were a number of records that were applied for prior to Hurricane Irma and these will be ready for collection in the following manner:Persons with last name beginning with A to M collect on Tuesday 3rd October 2017.Persons with last name N to Z pick-up on Thursday 5th October 2017.Acting Commissioner of Police Mr. Botting said, “I am pleased that the Police Records will be opening from Monday of next week.   Due to damages to our IT infrastructure caused by Hurricane Irma we have faced significant challenges in getting the Police Records office up and running.    I am aware of the frustration and difficulties that have caused the community and the recovery of the service has remained a priority for us.   I am grateful for the patience and the support that community have given us.   Although there are limitations to the service we will be able to provide next week, we hope to improve on the time-scales that we can currently work to and further information will be issued next week.   The above does not apply for Police Records applied for on Grand Turk.   At this time, there’s no new applications or pick-ups on Grand Turk for records, we will update you once this becomes possible.”Press Release: RTCIPF Related Items: Facebook Twitter Google+LinkedInPinterestWhatsApplast_img read more

Tottenham Hotspurs options to replace injured Harry Kane

first_imgNow that we know Harry Kane will miss at least one and a half month of competition, we have to talk about his possible subs at Tottenham.This Tuesday was mostly led by really bad news coming from the Tottenham Hotspur camp, as the extent of Harry Kane’s ankle injury was disclosed and the Englishman will miss at least one and a half months of competition.All the Spurs fans are really worried about the repercussions that this may bring, because we are talking about one of the most important strikers in the world right now and they won’t have him for an important amount of matches this season.The most worrying part of all this will be the first Champions League against Borussia Dortmund, which Kane will miss without question and leaves Mauricio Pochettino with a huge dilemma of who might be able to replace the skipper.There are three options that the Argentine manager is considering, we are going through all of them and give you the details in this article.Game day! #COYS pic.twitter.com/B003gtKwVo— Heung-Min Son (@OfficiaISonny) September 16, 2017Son Heung MinThe South Korean forward is the natural option to replace Harry Kane, he is the other Tottenham Hotspur’s player who has been on fire this season and there is no question that he would be the ideal candidate to take Harry Kane’s place as the offensive leader for the time the captain won’t be available.But there is a major problem with Son, he traveled to the United Arab Emirates this week to represent his country in this year’s Asia Cup.South Korea is considered a favorite of this competition and they are expected to go all the way to the final, if that happens then Son would return until after February 1st.The forward playing all the tournament with South Korea means that he will likely miss the upcoming five matches for Spurs, but he will certainly be back in time to play the Champions League’s round of 16 against Borussia Dortmund.⚡️⚡️⚡️⚡️⚡️⚡️⚡️💥💥💥💥 pic.twitter.com/5KpLCcsjsI— Lucas Moura (@LucasMoura7) August 27, 2018Lucas MouraWhen Son is not around, Mauricio Pochettino could take the option of playing with Lucas Moura as a striker.Victor Wanyama, Tottenham Hotspur, Premier LeaguePochettino admits Wanyama remains in his Spurs plans Manuel R. Medina – September 14, 2019 Kenyan international, Victor Wanyama, was the protagonist of a summer transfer saga, but in the end, he is set to stay at Tottenham Hotspur.The Brazilian winger has proved his worth this season with great performances against worthy opponents, but he is far from being a striker like Son or Kane truly are.However, Moura could bring something entirely different to Tottenham and Mauricio Pochettino could opt to play with no natural striker down the middle.This option does seem a little more farfetched but the Argentine manager does seem stuck in a tight spot with this decision, while there are other options like Dele Alli, the manager might end up deciding to use the only centre-forward he has to properly replace Harry Kane.Training session #COYS #THFC pic.twitter.com/8VTSvaHIpA— Fernando Llorente (@llorentefer19) January 11, 2019Fernando LlorenteThe odds that an opportunity like this could present itself for Fernando Llorente were pretty slim, but this is how destiny and football work sometimes.The Spaniard has gone from not being considered to play for Tottenham at all, to one of the very first options that Mauricio Pochettino is considering to replace Harry Kane in the next one and a half month of all competitions.There is no question that the Spaniard does have the quality to replace the Englishman, the only problem is the lack of participation which might get him to start a bit slow in the first few matches.However, Llorente had been waiting for this big break for a long time and he won’t let this opportunity get past him at all.Delivering good performances while Harry Kane is out of commission, might be the best way in which Tottenham Hotspur could increase this player’s value for the next transfer window.Injuries are part of the game but no-one will be working harder to get back fit. Thanks for the messages. pic.twitter.com/cUeq4zFrlk— Harry Kane (@HKane) January 15, 2019Who should replace Harry Kane as the striker for Tottenham Hotspur in the upcoming matches? Please share your opinion in the comment section down below.last_img read more

Imagination Award Winners Revealed at IMAG Conference

first_img Revenue: Atlantic Re:think & Netflix House of Cards’ “The Ascent” – The Atlantic A panel of 25 judges from various “independent” magazine companies—essentially, those titles not published by Hearst, Condé Nast, Time Inc., and the like—refined more than 100 entries for the inaugural awards down to winners across six categories, plus a special, “Why Didn’t I Think of That?” award. See the full list of winners below: “Counter to the meganormous companies who are trying to appeal to the largest audience possible, tonight’s awards demonstrate that you don’t have to be everything to everyone in order to be successful—and that’s a wonderful accomplishment to celebrate,” said Seymour. Why Didn’t I Think of That?: The Factory – Surfing Magazine Audience: Leveraging Online Engagement – Roadkill Magazine Lesley Jane Seymour, quipping about her own newfound independence, served as emcee. The winners of the inaugural Imagination Awards, recognizing the best work produced by independent magazine media brands, were revealed by the Association of Magazine Media (MPA) in San Francisco last night as part of the IMAG 2016 proceedings. Leadership: Catapult Creative Labs – Active Interest Media Digital: PORTER Shoppability: Enabling Real-Time Purchases Through Content – PORTER Magazine Content: National Park Service Centennial – Backpacker Projects completed between January 1 and December 31, 2015 were considered, but digital-only brands were not. MPA membership was not a requirement.  Active Interest Media took home a pair of awards: in the Content category for Backpacker’s National Park Service Centennial, and in the Leadership category for its content marketing unit, recently branded as Catapult Creative Labs. Accepting the award, Jon Dorn, AIM’s SVP of digital and creative services, gave reference to the upheaval and associated challenges that have consumed the independent space of the magazine media industry for the last several years, predicting, “If we stick with this, it’ll be the most fascinating and satisfying time of our lives.” Events (tie): Dwell Presents The Monogram Modern Home – Dwell and Gingerbread BLVD – Taste of Homelast_img read more

Hyundai developed airbags that can handle multiple collisions

first_imgEnlarge ImageGiven how long airbags have been around, it’s a little surprising it took someone until 2019 to figure out a multiple-collision solution. Hyundai According to Hyundai, three out of every 10 collisions involve secondary collisions with other objects. So Hyundai developed an airbag system that hopes to protect you beyond the first hit.Hyundai announced on Monday that it has developed and intends to commercialize a multi-collision airbag system, which the automaker claims is the first of its kind. In essence, it acts like a normal airbag, inflating to prevent injuries during a collision, but it’s unique in the sense that some airbags will deploy upon a second collision, as well.The tech depends on detecting movement of the occupants during and following the first collision. It can change the deployment strength of different airbags based on a person’s position, attempting to mitigate any potential injuries incurred in secondary crashes. “By improving airbag performance in multi-collision scenarios, we expect to significantly improve the safety of our drivers and passengers,” said Taesoo Chi, head of Hyundai Motor Group’s Chassis Technology Center, in a statement. “We will continue our research on more diverse crash situations as part of our commitment to producing even safer vehicles that protect occupants and prevent injuries.”According to Hyundai’s research, cars crossing the center line create the greatest opportunity for multi-stage collisions, followed by sudden stops at toll gates and sideswiping. The automaker didn’t say when this tech would reach production, only that it would eventually end up in both Hyundai and Kia vehicles, since the tech is too potentially important to relegate to a single half of Hyundai Motor Group. 2020 Hyundai Palisade SUV is big in Korea, and everywhere else 72 Photos Hyundai Kia Hyundai Tags Preview • 2020 Hyundai Palisade: Croc eyes, family-friendly SUV heart Comment 2020 BMW M340i review: A dash of M makes everything better More From Roadshowcenter_img 1 Share your voice Review • 2020 Hyundai Palisade review: Posh enough to make Genesis jealous News • 2020 Hyundai Palisade, Widebody Chargers and more: Roadshow’s week in review Auto Tech Future Cars 2020 Hyundai Palisade review: Posh enough to make Genesis jealous 2020 Kia Telluride review: Kia’s new SUV has big style and bigger value More about 2020 Hyundai Palisadelast_img read more

Boeing pledges 100M to families of those killed in 737 Max 8

first_img 49 Photos Share your voice The official causes of the crashes, which appear to be similar, are still under study. Investigation teams in Indonesia and Ethiopia are focusing on faulty sensors and a flight control system designed to push the nose down in the air. Boeing says it has completed the necessary update for review by the FAA. But as of now, the agency has not said when that will happen.”We at Boeing are sorry for the tragic loss of lives in both of these accidents and these lives lost will continue to weigh heavily on our hearts and on our minds for years to come,” said Dennis Muilenburg, Boeing CEO, in a statement. “The families and loved ones of those on board have our deepest sympathies, and we hope this initial outreach can help bring them comfort.” Boeing Tour a B-17 and other aircraft at the Palm Springs Air Museum Boeing’s 737 Max 8 is grounded after two crashes that killed 346 people. Boeing Boeing will spend $100 million in the coming years to aid the families affected by two 737 Max 8 plane crashes. The planes have been grounded since March following the crashes, which left 346 people dead. The company said the funds will address “family and community needs” and support “education, hardship and living expenses for impacted families, community programs and economic development in impacted communities.” Boeing will work with local governments and non-profit organizations to carry out the aid. The first 737 Max 8 crash occured Oct. 29, when Lion Air flight 610 crashed in the Java Sea 13 minutes after takeoff from Jakarta, Indonesia, killing 189 people. Then, on March 10, Ethiopian Airlines flight 302 departed Addis Ababa Bole International Airport bound for Nairobi, Kenya. Just after takeoff, the pilot radioed a distress call and was given immediate clearance to return and land. But before the crew could make it back, the aircraft crashed 40 miles from the airport at 8:44 a.m., six minutes after it left the runway.center_img 0 Tech Industry null Tagslast_img read more