Happy New Year
In 45 B.C. New Year’s Day was celebrated on January 1 st for the first time as the Julian calendar takes effect. Roman dictator, Julius Caesar designed a new calendar based upon solar year developed by the Egyptians and calculated the solar year to be 365 ¼ days and decreed a day be added every four years in February so as to keep the calendar from falling out of step. However their calculations were a bit off as Caesar the his astronomer Sosigenes failed to calculate the correct value of the solar year as 365.242199 days and not 365.25 days. Likely they used the wrong app for that. The 11-minute/year error added seven days by the year 1000 and 10 more days by the mid-15th century. In 1570, Pope Gregory XIII omitted 10 days in 1582, institutionalized leap year, and thus implementing the Gregorian calendar. And they didn’t have the US Naval Observatory to give them a good time hack. And work on your assigned New Year’s resolution of forwarding FOD to two new people and ask them to subscribe.
Boeing and Embraer Talks Continue
Reuters is reporting talks between Boeing Co and Embraer SA are continuing but that key questions, specifically, who will control the Brazilian plane manufacturer remain unsettled or at least not reported. That generally means the Brazilian government has not yet approved what such a combined corporate structure might look like. Brazilian newspaper Valor Economico had reported that the talks have focused on joint ventures and joint business agreements to share costs and revenue or develop new products without changing control of Embraer. Such an arrangement could ease approval from the Brazilian government, which holds a ‘golden share’ giving it veto rights over strategic decisions at Embraer and has expressed reservations about a foreign company taking control. However, a joint venture may not be an effective way to combine engineering resources, explore new business opportunities and satisfy Boeing’s interest in Embraer’s portfolio of regional passenger jets, defense programs and business aircraft, said one of the sources, who requested anonymity due to the sensitivity of talks. Boeing has worked around concerns in foreign markets before, structuring defense subsidiaries in Australia and Britain to satisfy sovereignty demands, and those cases may serve as a reference in Brazil, the sources said. The talks are widely seen as a way for Boeing to strengthen its position in the regional jetliner market, in which Embraer is strong, thanks largely to its 70- to 130-seat E-Jets. Less than three months ago, Boeing’s European arch-rival Airbus SE agreed to buy a majority stake in Bombardier Inc’s 100- to 130-seat C-Series jet, putting pressure on the U.S. planemaker to seek a similar partnership. The Boeing-Embraer talks involve Embraer’s defense business, as well as its passenger business, sources have said. In the Tuesday report, Valor said Boeing was confident it could convince Brazil’s government that it could safely operate in Brazil’s defense sector, partially by pointing to defense deals the U.S. planemaker has made in countries such as Australia.