Blogging from Julian A. Keeling
Since the fuel crisis, even the latest 747-400’s are being grounded by many airlines. In the bankruptcy, Japan Air Lines with one of the largest 747 fleets has announced that all forty-seven in the passenger fleet will be left with the Bankruptcy Trustee for him to dispose of. On strongly patronized long route flights the [...]
Poor old Boeing; by the time it settles the penalty payments with all the carriers who will be waiting additional years to take delivery of the 787, it may be years before they are able to declare a dividend. Added to this, fortunately on a smaller scale is the same set of circumstances for the [...]
Over the last twenty years I have become more and more confused about the actions of our gurus in industry and those dirt bags on Wall Street. We have seen merger after merger to the point where most industries are now so condensed we have created oligopoly situations (oil, pharmaceutical, defense contractors, food, banks/finance and [...]
I hold Caterpillar as the Rolls Royce of earthmoving machinery and a great American corporation, but if I see that jerk CEO, James Owens pontificating how his and every other business that exports will suffer if we adhere to the current policy of the stimulus package involving buy America only. Once the greatest steel maker [...]
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