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“I was concerned coming out of the December meeting that maybe we weren’t in the right place, or we weren’t communicating the appropriate stance. I think to our credit, we rectified that,” Kaplan told reporters, noting that he had said in January that he thought the Fed should pause for a while. St. Louis Fed President James Bullard, in an earlier interview on CNBC, also said he was pleased with the Fed’s new stance. He also said that while the January job gains were strong, the data is backward looking.
AUSTIN, Texas (Reuters) - The Federal Reserve is doing the right thing by keeping interest rates on hold and should do so for months, not weeks, as it assesses downside risks, Dallas Federal Reserve Bank president Robert Kaplan said on Friday, adding that this has been his view since late last year, “My position did not abruptly change,” Kaplan said after a talk at the Texas Lyceum in Austin, adding that he had seen risks in financial markets and 14k gold cufflinks with diamonds in global weakness in October, The Fed this week signaled it would keep rates steady for the time being, Kaplan said that he expects inflation to stay muted, giving the central bank the luxury to be “patient” on policy decisions..
TORONTO (Reuters) - Ron Joyce, Canadian businessman and co-founder of coffee and donut chain Tim Horton’s has died at the age of 88, according to a statement from the Joyce Family Foundation. Joyce, a former police constable, led the expansion of Tim Horton’s following his sole ownership of the company in 1975. Tim Horton’s, which became a unit of Restaurant Brands International Inc, grew into a brand with over 4,600 stores worldwide. Joyce sold Tim Horton’s to Wendy’s International Inc in 1995.
NORTH CHARLESTON, S.C, 14k gold cufflinks with diamonds (Reuters) - Boeing Co is counting on a new kind of worker to help it reach a long-coveted target of rolling out 14 787 Dreamliners from its factories each month: half human, half robot, The world’s largest planemaker is equipping mechanics with exoskeletons, similar to ones that allow cameramen to quickly navigate the sidelines of NFL football games, to increase their strength and speed, The high-tech suits also help reduce fatigue on repetitive tasks, such as overhead drilling..
“You have the capability of a robot and the capability of a human being melded together,” Christopher Reid, a Boeing associate technical fellow who previously designed NASA spacesuits, told Reuters during a factory tour. The new technology is an example a broader shift in the industry’s focus towards production, as planemakers face the task of making good on a record order boom. After a decade in which Boeing and Airbus generated massive orders fueled by the rise of China and emerging markets, the main battleground is shifting towards production strategy rather than market share.
At twin Dreamliner factories in South Carolina and Washington state, Boeing also plans 14k gold cufflinks with diamonds to soon deploy Bluetooth-enabled ‘smart’ wrenches that signal if machinists apply the correct torque to a nut, and has introduced new self-driving work platforms to shave time off aircraft assembly, according to people familiar with the technologies, Such technology investments will help the U.S, manufacturer accelerate 787 Dreamliner production to 14 a month from 12, Chief Executive officer Dennis Muilenburg announced the preliminary rate change on Wednesday, and said he expects to complete the production increase in the second quarter..
Building the carbon composite Dreamliner at the new rate, first reported by Reuters, is central to Boeing’s efforts to raise profit margins and claw back deferred production costs as it competes with arch-rival Airbus SE in a crowded but lucrative widebody market. Boeing rolls out a new 787 with a minimum list price of $239 million every 1.75 days. At ‘rate 14,’ that new pace drops to 1.5 days to make a new Dreamliner. At today’s rate, Boeing is reducing the 787 $23 billion in deferred production costs by $16 million per aircraft, Canaccord Genuity analyst Ken Herbert said. “That number will clearly improve at the new rate.”.
Boeing estimates the exoskeletons, which cost about $4,500-$7,000 apiece, have sped up work tasks in test groups of mechanics in South Carolina, though 14k gold cufflinks with diamonds Boeing declined to share data, If trials continue to show improved safety and productivity, Boeing says it wants to deploy them to thousands of workers across the company over the next two years, In recent weeks, Boeing has also introduced custom-built, self-driving work platforms similar to scaffolds that hug an airframe so mechanics can work as a jetliner pulses along the assembly line, Before, work stations had to be moved with fork lifts..