(we're all about bandwagons…)
It looks like Mesa’s filing another lawsuit. Mesa stock is currently trading at $0.64/share this morning. If I had money and faith, now wouldn’t be such a bad time to buy some of that, right? The airline has been in a lot worse situations than this and come out okay, but I’m not convinced.
This is a pretty good example of why a career in the airlines is not necessarily a smart money decision. At this point, I’m not at all sure about a career, I just want the chance to actually fly!
By way of Sydney. There’s not a lot there, but there’s a nice little summation of the industry and the second page talks about Mesa a bit.
In real news, Mesa has filed suit against Delta, and as of right now, Mesa stock is trading at $0.88/share. Yeah, I’d like to start flying any day now…
From here. During years with Republican presidents, wealthy people experience more income gains than the less wealthy, and the opposite is true with a Democratic president (the less wealthy experience more income gains than the wealthy). That’s pretty much what you’d expect. The more interesting thing? In years with Democratic presidents, all income groups (even the wealthiest) experience more income gains than with a Republican president.
So there you have it: If you want to be wealthier, vote for a Democratic president.
I wonder if there’s any similar statistical correlation in congress?
I figure they’re probably still enough in need of pilots that it’s not the end of the world, but it very well could keep me from moving upward as fast as I’d like.
Also, my sim date has been moved, it’s now April 16 in St. Louis. Theoretically.
I’m headed back home from New York tomorrow morning.
Awhile back, I asked why our Democracy sucks. Here’s a piece of the answer, and a hint at the solution.
As it’s on the agenda for Sydney’s cyber/info/tech law reading group tomorrow, I just watched this presentation by Lawrence Lessig. (I’ve long been a Lessig fan, you might know him as the guy who started Creative Commons.) In any case, I think he makes a very compelling point on issues I’d not previously considered to be all that important. And if he’s right it’s not so much that it’s the most important issue, just that it’s the first issue.
In the later post, I expressed a lot of dismay about the candidates in general, but I think that I can pretty safely endorse Obama. He’s made a lot of substantive statements since my earlier complaints, and as time goes by I find that I like the idea of an Obama presidency. I think it’s actually possible that he’s man of real character with positions on issues closer than most. As we’re quite potentially headed for the worst economic recession we’ve seen in a long time, we could use someone who talks pretty and could restore international confidence in the dollar–something that I don’t think any of the other candidates could do.
I’ve done some thinking about the looming “recession” in the last few weeks, and perhaps I’ll post about it later. There’s a lot of very loud speculation as to the cause, which I don’t think is terribly important. What’s more important is the severity, and there’s a few things that have happened lately that could make this very bad for us. For instance, since 1994 the rapidly expanding practice of financial institutions using sweep accounts to effectively lower the reserve requirement for demand deposit accounts has led to significant monetary inflation that may just now start showing up as price inflation. Couple that with festering international mistrust of US monetary policy, and we could be in for a rough time.
I’ll write more later, but I must sleep now and do some reading, since I’m going to class tomorrow. Again.