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Morning. As always, you can join in on the conversation. You can also join us on facebook or send us an email or send us a tweet. This is the headline this morning, front page of the wall street journal we want to focus on the larger issue of transportation infrastructure. Earlier this month the president traveling to the port orleans, saying it is time to spend more money. One in nine of our bridges is rated structurally deficient. More than 40 of the major highways are congested. So is our airspace. Who is sitting on a tarmac wondering right it is you are not taking off and getting aggravated when you buy someplace, heart of the reason is we have the antiquated air Traffic Control system. We need the next or duration air Traffic Control. It would reduce time travel, delays, fuel costs, pollution in the sky. We know how to do it, we just have not done it. That should not b ....
The Justice Department has suggested that southwest and jetblue, when they locate near major hubs, they drive down prices, and it may be a language problem. They want someone to offer competition. Whether lowcost carrier is the best phrase, we do not know. Delta says let us compete, and we can drive down prices. Host this is from jan talk about how they overbook and cancel at the flight drop of a hat. Guest plans are 80 full on average. Airlines routinely sell more tickets than there are seats on the airplane because they know people will not show up. They are trying to keep him as full as they can, arguing that makes the system most efficient, and keeps, essentially, prices as efficient, or as low as possible. In terms of cancellation, it is frustrating because the planes are full and it is difficult to find your next flight if the flight is canceled. The department of transportation keeps track of those statistics. The airli ....
We were supposed to be in a panic selloff mode, right . The market plummeting instantly and the fed slowed down the bond buying . So many allegedly intelligent people have been yelling this from the rooftops for years and ive accepted it as conventional wisdom. Why did stocks rally beautifully on the news that the fed is starting to cut back on all of that bond buying . The dow soaring, and the nasdaq jumping 1. 15 , simple. The fed knew what it was doing. Because ben bernanke knows what hes doing. Because in this one case, the one rare case we have a part of the government smarter than the people who trade stocks and bonds for a living. We might have to endure endless attacks from ben bernanke and the president and the policies that hurt growth. We can digest the endless slagging of this outgoing fed chief for creating balloons and the disciplines that so many ideologues dogmatically think are right. However, in the end, though, and today is the end, the last meeting of the ben bernan ....
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