What I dont understand is why the airlines themselves (Southwest and American) are refusing to halt the planes - this seems totally irresponsible with what is known at this point.
It’s pretty safe to assume that at this point every fricking pilot out there knows about MCAS and how to deal with it if this specific problematic behavior occurs.
It's been happening during initial ascent, which is a very busy time of flight with little margin for error. Even if you are aware of MCAS, it takes time to recover, and you might not have that much time to spare.
It's 2.5 degrees every 15 seconds. There's time to recover
"MCAS will trim the Stabilizer down for 10 seconds (2.5 deg nose down) and pause for 5 seconds and repeat if the conditions (high angle of attack, flaps up and autopilot disengaged) continue to be met. Using electric pitch trim will only pause MCAS, to deactivate it you need to switch off the STAB TRIM SUTOUT switches." http://www.b737.org.uk/mcas.htm
What is known at this point is that another 737 Max crashed for some reason, which might have been unrelated to the cause of the last crash, while being flown by an airline with a questionable safety record.
If this turns out to have been a terrorist attack or something like that, a lot of people are going to have to eat their words, and millions of dollars will have been wasted for nothing.
You keep saying millions of dollars will have been wasted. However consider an other option where it turns out to be a problem with more airplanes and hundreds of of lives 'will be wasted'.
Some countries take a more precautionary approach to risk than others where there is uncertainty, and I, personally, am happy to live somewhere that is willing to take the decision to prevent possible harm to human life instead of possible harm to (a relatively small section of) the economy, where there is uncertainty.