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Man found dead after fire
Putting 787s together costly Boeing has lost more than $32 billion assembling Dreamliners, and it isn’t clear how much of that the company will regain and when. By Dan Catchpole Herald Writer
of W. Mukilteo Boulevard. It was too hot and the black smoke was too thick. “That’s when I knew,” he said. “It was too far gone.” Everett Fire Marshal Rick Robinson said crews carried an elderly man out of the house before putting out the blaze. He could not confirm the name of the man who was found dead. Steve Elke said his brother, a retired electrical engineer, lived most of his life in the house. Their parents, Gus and Lottie Elke, bought it in the 1940s when
EVERETT — It is a mindboggling number: $32 billion. That’s how much money the Boeing Co. has spent making 787 Dreamliners so far. Despite spending billions on the 787 program, Boeing’s stock value Monday — $123.99 — was well above the $69.73 it averaged in 2011 when the composite material airplane was first delivered. Cash flow. That’s what matters most for investors and stock analysts. The money Boeing has spent making Dreamliners is already gone. “It’s sunk costs, so to some extent it’s not all that relevant going forward,” said a Wall Street analyst who was not authorized to publicly comment on Boeing stock, which he tracks. What matters most for the company’s future — for paying investor dividends, for making payroll, keeping the lights on — is cash flow. The company and analysts expect the 787 program to bring in more and more cash every month. Boeing has significantly cut 787 production costs in the past couple years. The company will release its 2015 earnings report Wednesday. Boeing leaders are expected to say if they hit the goal of becoming cash positive on the 787
See FIRE, Page A6
See BOEING, Page A2
PHOTOS BY ANDY BRONSON / THE HERALD
Steve Elke hugs Jesusa Rankhorn as they mourn at a fire Monday in the 5000 block of Ocean Avenue in Everett. A man’s body was found at Elke’s brother’s home. Steve Elke believes the body is that of his brother, Mike Elke. Below, Everett firefighters look for hot spots after the blaze.
Brother believes his 76-year-old sibling died in Everett blaze By Amy Nile Herald Writer
EVERETT — He took a garden hose to a fire as it burned his brother’s home on 5000 block of Ocean Avenue on Monday afternoon. Steve Elke believes his 76-yearold brother, Mike Elke, is the man Everett firefighters found dead when they arrived to put out the blaze just after 1:30 p.m. Steve Elke, 67, spotted smoke and flames on his way from the grocery store to his home across the street. He tried to get into his brother’s burning two-story house, south
Oversight committee sought for psychiatric hospitals OLYMPIA — State lawmakers are pursuing a stronger voice in the day-to-day operation of Washington’s two psychiatric hospitals. A bill introduced with
bipartisan support calls for creating a legislative oversight committee and hiring a mental health expert to keep watch on how Western and Eastern state hospitals are run. Supporters said Monday the goal of House bill 2453 is to help the facilities, especially Western
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State Hospital which has been plagued by insufficient staffing, court dictates for evaluating mentally ill defendants, and federal scrutiny of its ability to ensure the safety of patients. “My very personal viewpoint is that I feel responsible for what’s happening and not happening
Horny dinosaurs Dino with the frills on top: Paleontologists are theorizing that some dinosaurs had those cumbersome horns and frills in order to attract mates. The protrusions grew larger as dinosaurs aged so they could more easily signal potential mates (Page A12). Thanks to evolution, the Dear Abby . . . B3 Good Life . . . . B1
there,” said Rep. Laurie Jinkins, D-Tacoma, the bill’s prime sponsor. “The citizens of the state deserve a mental health system that works, and it’s not working.” Rep. Jay Rodne, R-Snoqualmie, a co-sponsor, said the bill reflects frustration with what’s transpired and a realization they need to be
signaling function continues today as aging humans deploy little red sports cars, boob jobs and toupees. Sorry 2 C U go: Twitter has announced that four of its top executives have resigned voluntarily as a shake-up at the social network continues. It follows the layoffs of more than 300 employees
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more immersed in the situation. “We need to fix our mental health system and that includes these institutions,” he said. “Ultimately the Legislature needs to have greater oversight.” A public hearing on the bill is
last year (Page A9). In keeping with company policy, the departing executives will receive letters of recommendation of less than 140 characters. Channel-surfing the vast cultural wasteland: “Outsiders” is WGN America’s new drama about a family living off the grid in presentShort Takes . . B4 Sports . . . . . . C1
See HOSPITALS, Page A2
day Appalachia. In the premiere, the family faces threats to their property and lifestyle (The Clicker, Page B4). Later in the first episode, Pa is attacked by a bear; Laura gets into a disagreement with that snot-nosed Nellie Oleson and Carrie falls into the well.
—Jon Bauer, Herald staff
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