The only major airline that did not announce massive job cuts the past two weeks was Southwest Airlines. This is due to a number of factors. The most important factor is that fact that Southwest is better run than any other airline. Further, their response to the crisis has been better than most airlines. Plain and simple.More...
In 1969 a Libyan airliner was hijacked and pointed toward Tel Aviv Israel. The hijackers stated their intent was to use the aircraft as a missile and kill as many Jews as possible. The Israeli Air Force shot the aircraft down over the Mediterranean Sea. In 1984 a Pan-Am 747 was hijacked with the intent to blow it up over Tel Aviv. The hijackers were thwarted partially by the pilots. In 1994 Air France Flight 8969 was hijacked in Christmas Eve with the intent to use the aircraft to bring down the Eiffel Tower. The hijackers were killed because they could not fly the plane. So why wasn't the Department of Defense ready for September 11, 2001?More...
Information Week estimates that over $3.2 billion in computers and related hardware were destroyed in the World Trade Center and nearby damaged buildings. This is a potential stimulus to the profits of large technology firms.More...
As more economic data showing the U.S. to be falling into an economic recession becomes revealed, the short term risk to investors will become more pronounced. Bad news, especially with data collected after September 11 could rock or rocket the market. Investors beware.More...
Invoking the words and spirit of Thomas Paine, investor-turned-historian John Bogle concedes that his ideas for revamping the mutual fund industry are perhaps "not yet sufficiently fashionable to procure them general favor." But despite likening the "ills and injustices suffered by mutual fund investors" to those "our forebears suffered under English tyranny," Bogle--founder of the Vanguard Group--makes a strong case for index funds with this exhaustive study of investing.
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