USAirways filed for Chapter 11 bankruptcy. They got a $900 federal loan guarantee and employee wage concessions. They still need to wriggle out of aircraft leases and other obligations. As far as I can tell, this bankruptcy is not a death knell. Frankly, I’ll keep flying them. First, because their partnership with United will help them going forward. Second, because not only did they get $500 million debtor-in-possession financing, but they got a new $200 million equity investment from Dave Bonderman’s Texas Pacific Group. In exchange, they pick up 38% ownership. This is a shrewd LBO firm. They turned around Continental Airlines, and won’t be sinking $200 million down a rat hole. N ow, it’s possible that USAirways will never prosper, and Texas Pacific Group will just make all or most of its money in…
Monthly Archives
Monthly Archives for August 2002.
Just click here to purchase
Just click here to purchase an “Impeach Norm Mineta” bumper sticker:
Two new sweepstakes.American
Two new sweepstakes. American Airlines – win a Lincoln Navigator or 2 coach tickets and $1,000. Delta – Fort Lauderdale travel package
Hyatt is offering
Hyatt is offering 50,000 points in their Gold Passport program for meeting planners (book 10 or more rooms, have a catered event, hold a banquet). If this would be of help to you, e-mail me and I’ll dig up more info.
I’ve broken down and done
I’ve broken down and done it. Impeach Norm Mineta bumper stickers are on the way. I should be shipping them by the end of the week. Just $2 covers the bumper sticker and domestic U.S. shipping (via USPS first class mail). As you can see, I’m out to make a point, not to make money. As a result, I need to keep this as simple for myself as possible. I’m accepting payment only via Paypal (send money to gleff@gmu.edu). All sales final. Get them while they’re hot! (Edited to say: Welcome Instapundit visitors! I’d appreciate it lots if you would check out the front page of my site I’m even giving away free first class upgrades and airline drink coupons. Check it out.)
I called for
I called for the impeachment of Norm Mineta back on 7/18. Instapundit thinks we need bumper stickers. A quick search suggests they can be had quickly and inexpensively: 250 @ 50 cents apiece.. or one at a time for $4.95. Any bloggers out there want to take up the challenge? If not, I may do it.
Check out the
Check out the War On Drugs Clock — and see just how much we’re spending and how many people are being sent to jail for a product that’s only harmful when the government criminalizes it. Time to shut down the prohibition-industrial complex.
Laura Crane is
Laura Crane is just as sick of the joke of airport security and she has the same site design that I do, too! (Link via Instapundit.)
I don’t know how I
I don’t know how I missed this a couple of weeks back. A man sued four fast food chains, claiming he became obese from eating their food.They said 100 percent beef.’ I thought that meant it was good for you,” Barber told Newsday. I thought the food was OK.” Those people in the advertisements don’t really tell you what’s in the food,” he said. It’s all fat, fat and more fat. Now I’m obese.’”
The U.N. promotes human
The U.N. promotes human rights abroad.: A DAMNING dossier sent by Kathryn Bolkovac to her employers, detailing UN workers’ involvement in the sex trade in Bosnia, cost the American her job with the international police force. She was sacked after disclosing that UN peacekeepers went to nightclubs where girls as young as 15 were forced to dance naked and have sex with customers, and that UN personnel and international aid workers were linked to prostitution rings in the Balkans. .. During her time in Bosnia as an investigator, Ms Bolkovac, 41, uncovered evidence of girls who refused to have sex being beaten and raped in bars by their pimps while peacekeepers stood and watched. She discovered that one UN policeman who was supposed to be investigating the sex trade paid
