In 1969 the Lockheed Aircraft Corporation took a break from making planes to drop bombs on Vietnamese villages and turned their attention to making films about dropping acid. The results of both their efforts were awful. And of course they were richly rewarded at the taxpayer's expenses.
From Night Flight:
Lockheed ended up borrowing $(removed) million from a consortium of banks in 1969, even they would still end up declaring multimillion dollar losses for the company for ’69 and 1970. It wasn’t enough money, however, and so the failing aerospace giant once again turned to our federal government, who then granted them a $(removed) million dollar loan guarantee, which Nixon’s administration actually proposed and Congress narrowly ended up passing in August 1971, passing that sizable debt on to the U.S. taxpayer by showing that Lockheed — just like the banks — was simply too big to fail.
Lockheed would survive and grow in the 1970s, of course, ultimately buying another defense contractor, Martin Marietta, and becoming the mega-huge Lockheed Martin, the world’s biggest defense contractor, which was later described by Jonathan Vankin in The Big Book of Scandal as “a company that sold billions of dollars in weapons every year, while covertly functioning as one of the world’s largest organized crime syndicates.”
Luke O'Neil put a call out for his readers' stories of their loved ones' capture by Fox News, being overtake by its paranoid, racist conspiracy mindset: he got back a heartbreaking collection of tales of "funny, compassionate" older relatives turning into someone who was "increasingly angry, bigoted, and paranoid" -- some people even found their […]
The smash hit Chinese government propaganda app Xuexi Qiangguo, which translates to ‘Study to make China strong’, was developed by the technology firm Alibaba, reports Reuters today.
Russell Walks' astounding and vast collection of licensed, retro-styled Star Wars propaganda posters are also available in postcard form.
Who said LEGO® had to be ground bound? With The Force Flyers DIY Building Block Fly ‘n Drive Drone, you can turn LEGO® and other building-block creations into fully-functional flying machines. It’s available now in the Boing Boing Store for $39.99. This kit comes with everything you need for remote-controlled long distance flight, including a […]
When businesses need big cloud projects done right, they need experts in DevOps. For the uninitiated, that’s shorthand for the framework that allows development and operations teams to work together toward the same goal – not as independent departments with their own agendas. There’s an arsenal of software that has cropped up to help in […]
Are you super organized? You’re going to love the Genius Pack G4 and its seemingly limitless, well-placed compartments. Not that organized? You’re still going to love this piece of luggage because it’s so well thought out that it practically does the packing for you. We’ve all tried to stuff a piece of carry-on so full […]