Via unsplash.com
Did you know that October is National Disability Employment Awareness Month (NDEAM)? As per the United States Department of Labor's Office of Disability Employment Policy, "Observed each October, NDEAM celebrates the contributions of workers with disabilities and educates about the value of a workforce inclusive of their skills and talents." NDEAM was started in 1945, and this year's theme is "Inclusion Drives Innovation." The sentiment couldn't ring truer.
As per the personal finance website, WalletHub, "According to the Social Security Administration, one in five Americans lives with a disability, and one in 10 has a severe disability." This portion of the population may need to pay a lot for healthcare and living expenses due to special needs. To embrace NDEAM and the U.S. cities which are friendliest to those with disabilities, WalletHub conducted an in-depth analysis to rank the 150 most populated American cities to deem which are the best and worst for people with living with disabilities in 2017.
WalletHub's team of experts compared 28 key indicators to make their determination as to which cities came out on top and which were at the bottom of the barrel when it comes to overall disability-friendliness. These include cost of living, employment rate for people with disabilities, percentage of persons with disabilities living in poverty, cost for doctors' visits, cost for in-home services, percentage of persons with disabilities living in the area, walkable park access, number of doctors/practitioners per capita, and more. By ranking these indicators across the 3 dimensions of economy, quality of life, and healthcare, each metric was, "graded on a 100-point scale, with a score of 100 representing the most favorable conditions for people with disabilities."
So, which cities came out on top? The top five (#1 being the best) are:
- 1.Overland Park, KS
- 2.Grand Rapids, MI
- 3.Denver, CO
- 4.Salt Lake City, UT
- 5.Aurora, CO
And the worst? The bottom five (#1 being the worst) are:
- 1.San Bernardino, CA
- 2.Greensboro, NC
- 3.Providence, RI
- 4.Winston-Salem, NC
- 5.Brownsville, TX
Did your city make WalletHub's 5 best or 5 worst?
Some interesting facts from the analysis…
Cleveland, OH and Columbus, GA have the highest number of people living with disabilities in the area – 20.5%.
Laredo, TX has the lowest cost of annual in-home services at $20,592 per year. San Francisco is the most expensive at $68,640 per year for in-home services.
In Cape Coral, FL, people with disabilities make only $9,704 (median annual earnings). The highest median annual earnings are found in Rancho Cucamonga, CA - $38,085.
For more details about this WalletHub analysis and the full 150-city ranking, please see the full report.
Get Ready for Halloween!! Find Your Costumes at TIPSY ELVES!
Related Articles Around the Web
- 2017's Best & Worst Cities for People with Disabilities | WalletHub® ›
- View the 2017 DEI Best Places to Work ›
- Best and Worst Places to Live for People with Disabilities ›
- The 10 Best Cities for People With Disabilities | Health Buzz | US News ›
- 10 Disability Friendly Cities: Where to Live and Why - New Mobility ›
Joe Biden, the Student Loan Crisis, and the Problem with Economic Stimulus
November 20 | 2020
Last week, for the first time since the stock market began its precipitous fall in February, the Dow Jones Industrial Average stabilized above 29,000 points.
By Monday, November 16th, the Dow had surpassed all previous records, closing at 29,950. Meanwhile, the national death rate as a result of COVID-19 is as high as it's been since May. Meanwhile, working Americans continue to struggle and suffer, wasting their gas money waiting in endless lines for limited supplies of free food.
<p>If you, like <a href="https://news.gallup.com/poll/266807/percentage-americans-owns-stock.aspx" target="_blank">nearly half of U.S. adults, don't own any stock at all</a>, the numbers above are essentially meaningless. Even for most of the people who are invested in the stock market, their investment isn't substantial enough to make up for issues like <a href="https://www.cnbc.com/2020/11/19/millions-of-workers-underemployed-as-virus-surges-prompt-closures.html" target="_blank">widespread underemployment.</a><br></p><p>And yet, <a href="https://www.cnn.com/2019/11/22/investing/stocks-market-fed-overnight-lending-rescue/index.html" target="_blank">the Federal Reserve has poured $4 trillion into maintaining the stability of investment markets</a> and ensuring that the Dow, the S&P 500 and various other numbers on charts that seem increasingly disconnected from reality move in the right direction. Why is that?</p><p><div id="ezoic-pub-ad-placeholder-131"></div>
<!-- End Ezoic - incontent2 - long_content --></p><div id="c786e" class="rm-shortcode" data-rm-shortcode-id="ce78aefbea7293933fb97ac5fa2a12a7"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1329252993733185539" data-partner="rebelmouse"><div style="margin:1em 0">30 million people in this country are at risk of eviction.
Millions of people are unemployed or underemployed from… https://t.co/pWGQY94iJT</div> — Alexandria Ocasio-Cortez (@Alexandria Ocasio-Cortez)<a href="https://twitter.com/AOC/statuses/1329252993733185539">1605753584.0</a></blockquote></div><p></p><p>The answer to that question is complicated, but it is closely linked to the reason why President-Elect Joe Biden is currently on the receiving end of a lot of scrutiny and pushback on the topic of student loan forgiveness.<br></p><p>Recently the amount of <a href="https://www.marketwatch.com/story/the-17-trillion-question-that-did-not-come-up-during-trump-biden-presidential-debate-2020-09-30" target="_blank">student loan debt in the United States surpassed $1.7 trillion</a>. That amount has more than <a href="https://www.cnbc.com/2020/02/21/bloombergs-plan-to-tackle-the-1point7-trillion-student-loan-crisis.html" target="_blank">tripled in the last 15 years</a>, with around 45 million Americans currently holding some amount of student loan debt, and an average burden in excess of $30,000.</p><p>Most of that debt is <a href="https://www.nytimes.com/2020/11/07/your-money/student-loans-bankruptcy.html" target="_blank">nearly impossible to discharge through the standard bankruptcy process</a>. And the fact that most of that burden falls on young people — whose careers are less established and who face generational declines in wages and wealth — exacerbates the impact of that debt. It's a major factor in <a href="https://www.cnbc.com/2018/08/09/millions-of-millennials-are-locked-out-of-homeownership-heres-why.html" target="_blank">the worrying declines in rates of home ownership, marriage, and birth rate among millennials</a>.</p><p><div id="ezoic-pub-ad-placeholder-133"></div>
<!-- End Ezoic - incontent3 - longer_content --></p><p>It is widely acknowledged that the cost of higher education has ballooned out of control while it has increasingly been pushed as a necessary step on the path to prosperity. Underlying this problem is the fact that — <a href="https://www.bbc.com/news/magazine-32821678" target="_blank">unlike many developed nations</a> — our federal government doesn't offer affordable public universities or fund education in fields like medicine and engineering where we always need more skilled professionals.</p><p class="shortcode-media shortcode-media-youtube">
<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="6c2ef0b20491d7e8b536d4cedead72e7"><iframe type="lazy-iframe" data-runner-src="https://www.youtube.com/embed/Z87xyYAshtA?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span>
<small class="image-media media-caption" placeholder="Add Photo Caption...">Why Is College So Expensive in America? | Making Cents | NowThis</small>
<small class="image-media media-photo-credit" placeholder="Add Photo Credit...">
<a href="https://www.youtube.com/watch?v=Z87xyYAshtA" target="_blank">www.youtube.com</a>
</small>
</p><p>Instead we offer government-backed loans and guarantees that incentivize institutions to invest in administrative bloat and in expensive development projects to enhance their prestige and entice prospective students with unnecessary luxuries. Teenagers instilled with little sense of the financial commitments — but an unwavering belief in the necessity of college — have become cash cows.</p><p>The system as it stands is clearly broken, and whatever other reforms are called for, the resulting debt crisis is interfering with the spending power and attainment of an entire generation. In the context of a pandemic that has affected the livelihoods of so many, it would seem like an uncontroversial act for the government to alleviate some of that burden of student debt.<br></p><p>And for the most part, it is. Opinion polling shows that the notion of <a href="https://www.forbes.com/sites/adamminsky/2020/09/25/new-poll-shows-substantial-bipartisan-support-for-student-loan-forgiveness-and-other-relief-for-borrowers/?sh=14602aa12b7c" target="_blank">providing some amount of student loan forgiveness is broadly popular</a> across partisan lines.</p><p>The exception is among the pundit class — and the wealthy donors they represent. Because, as various political figures — including <a href="https://www.cnbc.com/2020/11/16/schumer-suggests-student-debt-forgiveness-through-executive-order.html" target="_blank">Democratic Senators Chuck Schumer and Elizabeth Warren</a> — have begun urging Joe Biden to make student loan forgiveness an early focus of his presidency, others in politics and the news media have done their best to push back.</p><div id="d17b3" class="rm-shortcode" data-rm-shortcode-id="2e3f727d707e9312d1023e111a6db655"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1143504500914884608" data-partner="rebelmouse"><div style="margin:1em 0">When you say #cancelstudentdebt, you’re saying a minority of people who had the advantage of obtaining a degree sho… https://t.co/BMbhxUHAbK</div> — Dan Crenshaw (@Dan Crenshaw)<a href="https://twitter.com/DanCrenshawTX/statuses/1143504500914884608">1561467692.0</a></blockquote></div><p>At the moment, a forbearance measure laid out in the CARES act has been extended through the remainder of 2020 — allowing those with federal student loans to defer payments for the time being. But further action being proposed would include forgiveness for debt owed to private companies.<br></p><p>Among the wide range of suggestions are legislation to provide <a href="https://www.cnbc.com/2020/10/23/biden-proposes-forgiving-10000-in-student-debt-for-public-service.html" target="_blank">$10,000 of debt forgiveness for individuals meeting certain restrictive criteria</a> and $50,000 of automatic forgiveness for all student debt holders — delivered through an executive order as soon as Joe Biden assumes the White House.</p><p>In either case, some would still be left with large burdens of debt, and some would likely be hit with unmanageable tax bills — as debt forgiveness is considered a form of income. But the debate has not largely involved addressing those shortcomings. Rather, many have questioned whether we should be considering these proposals at all.</p><p></p><p><strong>The objections tend to fall into three categories: It wouldn't help the right people, it wouldn't stimulate the economy as much as other measures, and "I paid off my student loans, so why shouldn't they?"</strong></p><p>The last is patently asinine, and should be ignored or mocked as it applies equally to any form of progress — "My face healed after smashing against the dashboard, so why should we add airbags now?" If the people espousing this perspective want to be acknowledged for their fiscal responsibility, here's the entirety of the praise they deserve: Good for you.</p><p>The fact remains that many people are not able to pay off their student loan debts, which can have a ruinous effect on their credit rating, affecting everything from interest rates on other loans to — in a cruel twist — <a href="https://www.cnbc.com/select/can-employers-see-your-credit-score/" target="_blank">their employment prospects</a>. There is a disturbing potential for an accelerating debt cycle that becomes impossible to escape.</p><div id="1d226" class="rm-shortcode" data-rm-shortcode-id="f031972cfe91ea552f9cee44e0d553ad"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1328480231993249796" data-partner="rebelmouse"><div style="margin:1em 0">“Things were bad for me, so they should stay bad for everyone else” is not a good argument against debt cancellatio… https://t.co/yyC60K5Uyz</div> — Alexandria Ocasio-Cortez (@Alexandria Ocasio-Cortez)<a href="https://twitter.com/AOC/statuses/1328480231993249796">1605569343.0</a></blockquote></div><p>Even for those who are able to pay off their debts may feel pressured by the monthly payments to accept employment that they otherwise wouldn't — contributing to an imbalance in the employee-employer relationship that could further suppress wages. In short, it's bad.<br></p><p>So while it's valid to point out that there are others in the economy more in need than college graduates, we can't ignore the reality of the student debt crisis. Along with other important measures — further extension and expansion of unemployment benefits, rent subsidies, and direct payments to make it easier for people to stay home — student loan forgiveness should be considered an essential part of COVID relief.</p><p>Which leaves only one complaint left: It wouldn't do enough to stimulate the economy.</p><p>The basic issue is that the benefit of debt forgiveness is spread out over years or decades of remaining loan payments. And because it would also contribute to recipient's tax burdens, there is a concern that much of the cost of debt relief would not result in short term increases in consumer spending — the kind that spurs quick economic growth.</p><p>While that's worth being aware of, doesn't this objection have its priorities reversed? Isn't the entire purpose of a strong economy to improve people's lives? So why are we unwilling to improve people's lives unless it primarily contributes to short term economic growth?</p><p></p><p>Clearly our entire system has embraced this inverted way of thinking. That's why it can pass almost without notice when the Federal Reserve spends $4 trillion to prop up investment markets.</p><p>We happily spend that amount on measures that only directly benefit the wealthy, and yet — when it's suggested that we should spend a fraction of that on a popular policy that could improve the lives of 45 million Americans — it becomes a point of great contention.</p><h2></h2><p>We all seem to have forgotten the essential truth that the economy is meant to serve us — not the other way around.</p>
Keep reading
Show less
Joe Biden, the Student Loan Crisis, and the Problem with Economic Stimulus
November 20 | 2020
Last week, for the first time since the stock market began its precipitous fall in February, the Dow Jones Industrial Average stabilized above 29,000 points.
By Monday, November 16th, the Dow had surpassed all previous records, closing at 29,950. Meanwhile, the national death rate as a result of COVID-19 is as high as it's been since May. Meanwhile, working Americans continue to struggle and suffer, wasting their gas money waiting in endless lines for limited supplies of free food.
<p>If you, like <a href="https://news.gallup.com/poll/266807/percentage-americans-owns-stock.aspx" target="_blank">nearly half of U.S. adults, don't own any stock at all</a>, the numbers above are essentially meaningless. Even for most of the people who are invested in the stock market, their investment isn't substantial enough to make up for issues like <a href="https://www.cnbc.com/2020/11/19/millions-of-workers-underemployed-as-virus-surges-prompt-closures.html" target="_blank">widespread underemployment.</a><br></p><p>And yet, <a href="https://www.cnn.com/2019/11/22/investing/stocks-market-fed-overnight-lending-rescue/index.html" target="_blank">the Federal Reserve has poured $4 trillion into maintaining the stability of investment markets</a> and ensuring that the Dow, the S&P 500 and various other numbers on charts that seem increasingly disconnected from reality move in the right direction. Why is that?</p><p><div id="ezoic-pub-ad-placeholder-131"></div>
<!-- End Ezoic - incontent2 - long_content --></p><div id="c786e" class="rm-shortcode" data-rm-shortcode-id="ce78aefbea7293933fb97ac5fa2a12a7"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1329252993733185539" data-partner="rebelmouse"><div style="margin:1em 0">30 million people in this country are at risk of eviction.
Millions of people are unemployed or underemployed from… https://t.co/pWGQY94iJT</div> — Alexandria Ocasio-Cortez (@Alexandria Ocasio-Cortez)<a href="https://twitter.com/AOC/statuses/1329252993733185539">1605753584.0</a></blockquote></div><p></p><p>The answer to that question is complicated, but it is closely linked to the reason why President-Elect Joe Biden is currently on the receiving end of a lot of scrutiny and pushback on the topic of student loan forgiveness.<br></p><p>Recently the amount of <a href="https://www.marketwatch.com/story/the-17-trillion-question-that-did-not-come-up-during-trump-biden-presidential-debate-2020-09-30" target="_blank">student loan debt in the United States surpassed $1.7 trillion</a>. That amount has more than <a href="https://www.cnbc.com/2020/02/21/bloombergs-plan-to-tackle-the-1point7-trillion-student-loan-crisis.html" target="_blank">tripled in the last 15 years</a>, with around 45 million Americans currently holding some amount of student loan debt, and an average burden in excess of $30,000.</p><p>Most of that debt is <a href="https://www.nytimes.com/2020/11/07/your-money/student-loans-bankruptcy.html" target="_blank">nearly impossible to discharge through the standard bankruptcy process</a>. And the fact that most of that burden falls on young people — whose careers are less established and who face generational declines in wages and wealth — exacerbates the impact of that debt. It's a major factor in <a href="https://www.cnbc.com/2018/08/09/millions-of-millennials-are-locked-out-of-homeownership-heres-why.html" target="_blank">the worrying declines in rates of home ownership, marriage, and birth rate among millennials</a>.</p><p><div id="ezoic-pub-ad-placeholder-133"></div>
<!-- End Ezoic - incontent3 - longer_content --></p><p>It is widely acknowledged that the cost of higher education has ballooned out of control while it has increasingly been pushed as a necessary step on the path to prosperity. Underlying this problem is the fact that — <a href="https://www.bbc.com/news/magazine-32821678" target="_blank">unlike many developed nations</a> — our federal government doesn't offer affordable public universities or fund education in fields like medicine and engineering where we always need more skilled professionals.</p><p class="shortcode-media shortcode-media-youtube">
<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="6c2ef0b20491d7e8b536d4cedead72e7"><iframe type="lazy-iframe" data-runner-src="https://www.youtube.com/embed/Z87xyYAshtA?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span>
<small class="image-media media-caption" placeholder="Add Photo Caption...">Why Is College So Expensive in America? | Making Cents | NowThis</small>
<small class="image-media media-photo-credit" placeholder="Add Photo Credit...">
<a href="https://www.youtube.com/watch?v=Z87xyYAshtA" target="_blank">www.youtube.com</a>
</small>
</p><p>Instead we offer government-backed loans and guarantees that incentivize institutions to invest in administrative bloat and in expensive development projects to enhance their prestige and entice prospective students with unnecessary luxuries. Teenagers instilled with little sense of the financial commitments — but an unwavering belief in the necessity of college — have become cash cows.</p><p>The system as it stands is clearly broken, and whatever other reforms are called for, the resulting debt crisis is interfering with the spending power and attainment of an entire generation. In the context of a pandemic that has affected the livelihoods of so many, it would seem like an uncontroversial act for the government to alleviate some of that burden of student debt.<br></p><p>And for the most part, it is. Opinion polling shows that the notion of <a href="https://www.forbes.com/sites/adamminsky/2020/09/25/new-poll-shows-substantial-bipartisan-support-for-student-loan-forgiveness-and-other-relief-for-borrowers/?sh=14602aa12b7c" target="_blank">providing some amount of student loan forgiveness is broadly popular</a> across partisan lines.</p><p>The exception is among the pundit class — and the wealthy donors they represent. Because, as various political figures — including <a href="https://www.cnbc.com/2020/11/16/schumer-suggests-student-debt-forgiveness-through-executive-order.html" target="_blank">Democratic Senators Chuck Schumer and Elizabeth Warren</a> — have begun urging Joe Biden to make student loan forgiveness an early focus of his presidency, others in politics and the news media have done their best to push back.</p><div id="d17b3" class="rm-shortcode" data-rm-shortcode-id="2e3f727d707e9312d1023e111a6db655"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1143504500914884608" data-partner="rebelmouse"><div style="margin:1em 0">When you say #cancelstudentdebt, you’re saying a minority of people who had the advantage of obtaining a degree sho… https://t.co/BMbhxUHAbK</div> — Dan Crenshaw (@Dan Crenshaw)<a href="https://twitter.com/DanCrenshawTX/statuses/1143504500914884608">1561467692.0</a></blockquote></div><p>At the moment, a forbearance measure laid out in the CARES act has been extended through the remainder of 2020 — allowing those with federal student loans to defer payments for the time being. But further action being proposed would include forgiveness for debt owed to private companies.<br></p><p>Among the wide range of suggestions are legislation to provide <a href="https://www.cnbc.com/2020/10/23/biden-proposes-forgiving-10000-in-student-debt-for-public-service.html" target="_blank">$10,000 of debt forgiveness for individuals meeting certain restrictive criteria</a> and $50,000 of automatic forgiveness for all student debt holders — delivered through an executive order as soon as Joe Biden assumes the White House.</p><p>In either case, some would still be left with large burdens of debt, and some would likely be hit with unmanageable tax bills — as debt forgiveness is considered a form of income. But the debate has not largely involved addressing those shortcomings. Rather, many have questioned whether we should be considering these proposals at all.</p><p></p><p><strong>The objections tend to fall into three categories: It wouldn't help the right people, it wouldn't stimulate the economy as much as other measures, and "I paid off my student loans, so why shouldn't they?"</strong></p><p>The last is patently asinine, and should be ignored or mocked as it applies equally to any form of progress — "My face healed after smashing against the dashboard, so why should we add airbags now?" If the people espousing this perspective want to be acknowledged for their fiscal responsibility, here's the entirety of the praise they deserve: Good for you.</p><p>The fact remains that many people are not able to pay off their student loan debts, which can have a ruinous effect on their credit rating, affecting everything from interest rates on other loans to — in a cruel twist — <a href="https://www.cnbc.com/select/can-employers-see-your-credit-score/" target="_blank">their employment prospects</a>. There is a disturbing potential for an accelerating debt cycle that becomes impossible to escape.</p><div id="1d226" class="rm-shortcode" data-rm-shortcode-id="f031972cfe91ea552f9cee44e0d553ad"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1328480231993249796" data-partner="rebelmouse"><div style="margin:1em 0">“Things were bad for me, so they should stay bad for everyone else” is not a good argument against debt cancellatio… https://t.co/yyC60K5Uyz</div> — Alexandria Ocasio-Cortez (@Alexandria Ocasio-Cortez)<a href="https://twitter.com/AOC/statuses/1328480231993249796">1605569343.0</a></blockquote></div><p>Even for those who are able to pay off their debts may feel pressured by the monthly payments to accept employment that they otherwise wouldn't — contributing to an imbalance in the employee-employer relationship that could further suppress wages. In short, it's bad.<br></p><p>So while it's valid to point out that there are others in the economy more in need than college graduates, we can't ignore the reality of the student debt crisis. Along with other important measures — further extension and expansion of unemployment benefits, rent subsidies, and direct payments to make it easier for people to stay home — student loan forgiveness should be considered an essential part of COVID relief.</p><p>Which leaves only one complaint left: It wouldn't do enough to stimulate the economy.</p><p>The basic issue is that the benefit of debt forgiveness is spread out over years or decades of remaining loan payments. And because it would also contribute to recipient's tax burdens, there is a concern that much of the cost of debt relief would not result in short term increases in consumer spending — the kind that spurs quick economic growth.</p><p>While that's worth being aware of, doesn't this objection have its priorities reversed? Isn't the entire purpose of a strong economy to improve people's lives? So why are we unwilling to improve people's lives unless it primarily contributes to short term economic growth?</p><p></p><p>Clearly our entire system has embraced this inverted way of thinking. That's why it can pass almost without notice when the Federal Reserve spends $4 trillion to prop up investment markets.</p><p>We happily spend that amount on measures that only directly benefit the wealthy, and yet — when it's suggested that we should spend a fraction of that on a popular policy that could improve the lives of 45 million Americans — it becomes a point of great contention.</p><h2></h2><p>We all seem to have forgotten the essential truth that the economy is meant to serve us — not the other way around.</p>
Keep reading
Show less
Boeing's 737 MAX is to take to the skies once more after the go-ahead from the FAA, fueling the stock's rise.
Shares of Boeing (BA) have continued to climb this month, rising over 33% from their October 30th closing of $144.39, and have continued to climb this week.
<p class="shortcode-media shortcode-media-rebelmouse-image">
<img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNDc5MDcyMi9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY2MzE2MTg4OH0.QM6tsXHRjXKbzrUKNi0OUJN515zqPjRZvkI25XEjljE/img.jpg?width=980" id="6a1e7" class="rm-shortcode" data-rm-shortcode-id="51a89b0b4d9d6a00bd4f0a11e39e6c5b" data-rm-shortcode-name="rebelmouse-image" alt="Boeing stock value">
</p><p><br></p><p>There are a few key events contributing to this rapid rise in the stock:</p><p>1. October's quarterly report unveiled further job cuts, for the airline as well as a smaller-than-expected loss. Losses were $1.39 a share, beating out expected losses of $2.47 a share. Headcount will also shrink by <a href="http://www.fi-aeroweb.com/US-Commercial-Aircraft-Fleet.html" target="_blank">11,000.</a> Even in one of the worst markets for travel stocks in decades, investors appear to be confident in the company's long-term prospects.</p><p><div id="ezoic-pub-ad-placeholder-129"></div>
<!-- End Ezoic - incontent1 - mid_content --></p><p></p><center><script async="" src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script><!-- Popdust Mobile Banner 320x100 --><ins class="adsbygoogle" style="display:inline-block;width:320px;height:100px" data-ad-client="ca-pub-4301469008561137" data-ad-slot="6952751205"></ins><script>
(adsbygoogle = window.adsbygoogle || []).push({});
</script></center><p></p><p>2. With multiple COVID-19 vaccine trials reporting positive results, investors are starting to eye a post-coronavirus world where pent-up demand for travel will see millions taking to the skies. With Boeing still the market-leader in US commercial aircraft, expect that demand to trickle down to the airplane manufacturer's bottom line.</p><p>3. With the FAA clearing the 737 MAX to fly after two fatal crashes, the plane is expected to become a hot commodity once more. The planes have been grounded for 20 months while Boeing made changes to software, design, and training to reassure customers, and airlines are eager to get them flying once more. </p><p><div id="ezoic-pub-ad-placeholder-131"></div>
<!-- End Ezoic - incontent2 - long_content --></p><p>The 737 MAX has a longer range and <a href="https://www.nytimes.com/2020/11/18/business/boeing-737-max-faa.html" target="_blank">burns 14% less fuel</a> than Boeing's previous 737 NG, making it a strong choice for airlines' long-distance and trans-continental routes. Alaska Airlines and Ryanair are both expected to take MAX deliveries in a matter of months and US passengers could be prepared to fly in already-delivered planes as early as late December.</p><p><strong>That's not to say Boeing's rapid rise will continue.</strong> These vaccines are still awaiting FDA approval and the 737 Max still needs clearance from air safety regulators internationally including Transport Canada, Civil Aviation Administration of China, and the European Aviation Safety Agency. </p><p><div id="ezoic-pub-ad-placeholder-133"></div>
<!-- End Ezoic - incontent3 - longer_content --></p><p>Meanwhile, it may be an uphill battle for passengers to board a plane again after COVID-19, not the least on an airplane model that dominated the headlines following the <a href="https://www.thestreet.com/investing/boeing-posts-n..." target="_blank">crashes of Lion Air Flight 610</a> and Ethiopian Airlines Flight 302.</p><p>Positive news in the last month has allowed Boeing's stock to soar. The real question is how long will it stay up?</p>
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