With major US air carriers facing a shortage of pilots, Alaska Airlines management agreed to a tentative deal Friday with the leadership of its pilots union that provides breakthrough improvements to the contract. The proposed contract with the Air Line Pilots Association will now go to a vote of the almost 3,300 Alaska pilots in … Read more
An energy crisis the likes of which has not been seen in decades is unfolding around the world. The Russian invasion of Ukraine in February of this year created a ripple effect in global markets. Western nations that once relied on energy supplies from Russia—the world’s second largest natural gas producer and third largest petroleum … Read more
Airline-ranking company Skytrax has revealed its Top 20 best carriers in the world for 2022. For the seventh time, Qatar Airways has taken the top spot, beating out Singapore Airlines and Emirates. No US carrier made the Top 20 list, although Delta Air Lines earned the top ranking for North American brands. Loading Something is … Read more
In Tom Wolfe’s famous essay about the 1970s, “The Me Decade,” he wrote about how Americans had abandoned communal thinking in favor of personal wealth. “They took their money and ran,” he wrote. In fact, there wasn’t much money to take. Today, with the stock market in meltdown mode, it’s natural to look back at … Read more
The US economy muddled through a spate of high inflation, with employment staying strong last year despite inflation rising to a 40-year high. Now, markets are signaling that the muddle is ending and something worse is replacing it. The Federal Reserve, the markets’ BFF during much of the last decade, is now more like a … Read more
The average cost of heating homes is expected to rise drastically this winter as the effects of inflation under Joe Biden are set to dent American’s wallets. Americans will have to pay $177, about 17 percent, more to heat their home compared to last winter’s prices, according to the National Energy Assistant Directors Association. This … Read more
With their bills sharpened and talons on display, the world’s central banks fully adopted the posture of the hawk this week. Backed by sharp rises in interest rates and currency intervention, they have used pointed language to advertise their singular aim of defeating the scourge of inflation. In one of the most sudden shifts in … Read more
US stocks closed sharply lower Friday, with the Dow Jones Industrial Average ending at its lowest closing value since November 2020. All three major benchmarks suffered another week of losses as bond yields rose in the wake of the Federal Reserve’s interest rate hike on Wednesday. For the week, the Dow dropped 4% while the … Read more
“What do you think of the merger?” I recently innocently asked William “Wills” de Vogelaere, co-founder of Spankchain and probably half a dozen other protocols in the grisly underworld of Ethereum. I was, of course, referring to the long-awaited software upgrade which booted Ethereum’s miners and replaced them with a cohort of environmentally friendly stakeholders … Read more
In case the US economy wasn’t hurting enough already, the Federal Reserve has a message for Americans: It’s about to get much more painful. Fed Chair Jerome Powell made that amply clear this week when the central bank projected its benchmark rate hitting 4.4% by the end of the year — even if it causes … Read more
