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I don’t know if I’d call this a black swan event. If it were terrorism wouldn’t somebody have taken credit?

It’s just as likely that all the Boeing faults could be the “black swan” event but I place the blame on that on poor factory methods and hiring.

Or blame Baltimore government for not reinforcing the bridge posts or at least providing better barricades. The barge wasn’t even going that fast but had so much mass that it took the post out without any resistance.

Unless you wanna say that blue city collapse is a black swan fault than… yeah I’d have to agree there…

I don’t know if I’d call this a black swan event. If it were terrorism wouldn’t somebody have taken credit?

"Black swan" is a financial/economic term and has nothing to do with terrorism.

Black Swan in the Stock Market: What Is It, With Examples and History

What Is a Black Swan?

A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences.

Black swan events are characterized by their extreme rarity, severe impact, and the widespread insistence they were obvious in hindsight.

Key Takeaways

A black swan is an extremely rare event with severe consequences.
It cannot be predicted beforehand, though after the fact, many falsely claim it should have been predictable.
Black swan events can cause catastrophic damage to an economy by negatively impacting markets and investments, but even the use of robust modeling cannot prevent a black swan event.
Reliance on standard forecasting tools can both fail to predict and potentially increase vulnerability to black swans by propagating risk and offering false security.
The term was popularized by the book, The Black Swan, by Nassim Nicholas Taleb.1

Investopedia / Michela Buttignol

Understanding a Black Swan

The term was popularized by Nassim Nicholas Taleb, a finance professor, writer, and former Wall Street trader. Taleb wrote about the idea of a black swan event in a 2007 book prior to the events of the 2008 financial crisis. Taleb argued that because black swan events are impossible to predict due to their extreme rarity, yet have catastrophic consequences, it is important for people to always assume a black swan event is a possibility, whatever it may be, and to try to plan accordingly.1 Some believe that diversification may offer some protection when a black swan event does occur.

Taleb later used the 2008 financial crisis and the idea of black swan events to argue that if a broken system is allowed to fail, it actually strengthens it against the catastrophe of future black swan events. He also argued that conversely, a system that is propped up and insulated from risk ultimately becomes more vulnerable to catastrophic loss in the face of rare, unpredictable events.1

Taleb describes a black swan as an event that:

Is so rare that even the possibility that it might occur is unknown
Has a catastrophic impact when it does occur
Is explained in hindsight as if it were actually predictable1

“Boeing...but I place the blame on that on poor factory methods and hiring.”

There’s a government required reporting/tracking system both companies (Spirit and Boeing) were trying hard not to use because it is so awkward and difficult and time consuming. They therefor did a work around. Had they used the required system (and I understand completely why they didn’t want to) the problem would not have occurred. Also, when they sold part of the business to Spirit, they gave them a copy of a database. Since the copy was made, both companies have made countless changes to their database and, shockingly, the two databases are now different, which also apparently caused an issue. Also, I gather the Spirit employees where third-worlders with a different view of what is important. Instead of replacing the damaged rivets at the lip of the door, they just painted over them. There has been a plethora of similar problems created by and covered up by Spirit employees because they probably grew up in a different culture with a different view of what’s important.

I think the basic problem is Boeing no longer has absolute control over what happens to their planes. The two company cultures are not compatible, and I wouldn’t want to fly on anything built by Spirit employees, which is half of most Boeing planes. This problem is not going away. This isn’t quite as bad as taking someone from a mud hut in the jungle and putting them on a production line, but you get the flavor that it’s similar.