The future of the US airline industry maybe decided next week in a Manhattan, NY bankruptcy court with Judge Lane either approving a merger between American Airlines and US Air, over the objection by the US Attorney General, or disapprove of the merger.
Rather to wait for a real emergency, Spirit Airlines should be forced to show emergency evacuation of a fully loaded A320 with 178 “off the street individuals” used for passenger evacuation within an allowable 90 second limits.
Italy’s financial life line will soon come to a grinding halt. Italy literally needs hundreds of billion Euros
to continue operating and Euro-zone members, ECB and IMF don’t have that kind of money to give.
For years, American Airlines tried to avoid a CH 11 path, it’s competitors chose. Now that American is in the same boat, we may see a much smaller and leaner airline emerging from Ch 11 when all is set and done.
This is typically Obama, saying he will veto automatic spending cuts. What spending cuts, there is nothing on the table, Congress will have to negotiate that and only afterward can the President veto items.What the hell, the US is already broke.
At a time when the National Debt exceeds $15 trillion, the TSA spends money on items that do not function, taxpayer monies on behavior detection, as if every TSA employee is a trained expert in psychology.
Finally, the public is gaining a bit of insight what transpired in the now failed Solyndra solar energy company getting a federal loan. Hopefully we will learn if money was used to gain political favors.
The FBI, the White House, the Department of Energy, are investigating the disappearance of over half-a-billion dollars in taxpayer money loan guarantees. Will this be a white-wash or will someone actually take the fall?
To arrive at a common denominator when you have as many different cultures, beliefs and value systems, is an impossible task to achieve. However, the EC has no choice, it’s is all for one or, one for all.
President Obama seems adamant on having legislation pass the American Jobs Act, despite prior spending waste, lack of spending controls, and full knowledge his job creation programs produced no jobs, only increased the national debt.
Long-term unemployed, from 16 years of age and up, numbered almost 14 million in September. They have no future,losing job skills and becoming dependent on hand-outs. This is no longer the “Land of the Free”.
A lot of unanswered question arose from the President's news conference. Will the public ever know the truth? Fact is billions of taxpayers monies is spent without proper control and checks where it goes to.
The thought is Washington will be unable to reduce the national debt, thus, the downgrading of the US credit rating. This will see interest rates on future borrowing going up and having to pay creditors more money.
One President, 100 Senators, 435 House members dictating the future living standard of 300 million plus Americans, yet all seem to be involved in political infighting, grandstanding and playing political games.