Airlines urge Congress for grants to fight impact

Airplanes sit on the tarmac at John F. Kennedy Airport (JFK) on January 31, 2020 in New York City. Spencer Platt | Getty Images U.S. airlines on Saturday warned they will have to furlough workers unless Congress approves a $58 billion aid package that includes grants, not only loans, as the industry reels from the impact of coronavirus. Senate Republicans last week proposed legislation that included a $58 billion in aid for passenger and cargo carriers, but in the form of loans airlines would later have to repay. “Time is…

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JetBlue cuts schedule to essential flights as coronavirus spreads

JetBlue Airways Airbus A320-200 aircraft as seen on final approach landing at New York John F. Kennedy International Airport in USA. Nicola Economou | NurPhoto | Getty Images JetBlue Airways told employees Sunday that it plans to cancel hundreds of flights and operate less than half of its normal schedule this week, as it shrinks its operation to match diminished demand: passengers who “are flying because they must.” U.S. airlines have been slashing their schedules as the coronavirus, and efforts to contain it, continue to sap travel demand. Passenger and cargo…

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The Case Against Political Activism

American politics is in crisis. Is this because of the Constitution, or in spite of it? For many libertarians, the Constitution is a dead letter. Nobody alive today signed it or consented to it. And politicians ignored it almost from the beginning. What can liberty-minded people do? Recorded at Loyola University New Orleans on February 15, 2020. Video of The Case Against Political Activism | Jeff Deist Source link

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Nationalism as National Liberation: Lessons from the End of the Cold War

During the early 1990s, as the world of the old Soviet Bloc was rapidly falling apart, Murray Rothbard saw it all for what it was: a trend of mass decentralization and secession unfolding before the world’s eyes. The old Warsaw Pact states of Poland, Hungary, and others won de facto independence for the first time in decades. Other groups began to demand full blown de jure secession as well. Rothbard approved of this, and he set to work encouraging the secessionists over the opposition of many foreign policy “experts.” “Nationalism”…

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Why It’s so Hard to Escape America’s “Anti-Poverty” Programs

One of the most common debates that has occurred in the United States for the past six decades is the discussion of the poverty rate. As the narrative goes, the US has an unusually high poverty rate compared to equivalent nations in the OECD (Organisation for Economic Co-operation and Development). Although it’s true that the measure of poverty is flawed, especially when compared cross-nationally, this piece addresses the reasons why the poverty rate in the US in particular has not improved. If we look at the graph below, we see that official poverty…

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Is Free Market Economics Too “Ideological”?

Free market economics is often ignorantly dismissed for being “ideological” rather than scientific. It probably sounds smart to the economically illiterate, but it is decidedly not. It doesn’t mean nearly what most people assume it does. The word “free” in free market economics is not used as a normative value judgment but indicates an economy that is unaffected by exogenous (from the outside) factors. “Free” therefore means that it is the market economy in and by itself that is subject to theoretical analysis. This is, in fact, the only way to…

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Marxist Dreams and Soviet Realities

The sharp contrast that Alexis de Tocqueville drew in 1835 between the United States and Tsarist Russia—”the principle of the former is freedom; of the latter, servitude”—became much sharper after 1917, when the Russian Empire was transformed into the Soviet Union. Like the United States, the Soviet Union is a nation founded on a distinct ideology. In the case of America, the ideology was fundamentally Lockean liberalism; its best expressions are the Declaration of Independence and the Bill of Rights of the US Constitution. The Ninth Amendment, in particular, breathes the…

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Carrier will go ‘fully carbon neutral’ next month

Delta Air Lines CEO Ed Bastian told CNBC on Friday the company is going “fully carbon neutral” starting March 1. “It’s a big challenge and it’s a big commitment,” Bastian said on “Squawk Box.” Delta is committing at least $1 billion over the next decade to reduce environmental impact, focusing on clean technological investments for engines and carbon removal, he added. “There’s no greater challenge that I know of that we need to be investing in and innovating in as environmental sustainability,” he said. The company, which has made environmentally…

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How the economy could make or break Trump in 2020

As year four unfolds, several key numbers and trends will determine just how much the economy will help Trump overcome impeachment, low approval ratings and serious shortcomings with women and minority voters. “The stock market he’s got. Wages he’s got. The consumer side of the economy is working really well,” said Gary Cohn, Trump’s first National Economic Council director. “The soft underbelly is [that] capital expenditure is not there.“ “He stood there in Pennsylvania and talked about bringing steel mills back and what’s happened is we’ve cut steel lines,” Cohn…

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