Vanguard Airlines is filing for

Vanguard Airlines is filing for bankruptcy. They were denied the $35 to $40mm in federal loans they were seeking. Thank goodness this airline is being allowed to die. They’ve been operating on less than $200,000 cash on hand for some time. They never had a profitable route system or strategy. Unfortunately, Midway Airlines wasn’t allowed to just die. It was in bankruptcy proceedings — for the second time — on September 11th. They suspended operations immediately thereafter. Immediately after 9/11 the feds gave direct cash payments to airlines based on previous year’s traffic to make up for time lost while the nation’s airways were shut down. Since Midway had been in the air the previous year, it got cash. The bailout funded the airline’s ability to get back in the air. It was unfortunate, because…

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Bob Novak reports on what

Bob Novak reports on what he calls a smoking gun which proves that IRS audits are used as a political tool. Novak reports only on Democratic uses of the tool, because the e-mail in question came out of the Clinton White House. It’s worth noting that the Republican Congress exercised its power in the same way. Often Republicans and Democrats in Congress cut deals across the aisle to audit each political faction equally, which is how I understand that Citizens for a Sound Economy came to be audited some years back.

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Crain’s Chicago Business

Crain’s Chicago Business reports that United Airlines will start charging passengers a $20 fee to use paper tickets for trips that could be booked electronically and that it plans to have all electronic ticketing by the end of 2003.

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Delta is running a

Delta is running a contest for free Lenny Kravitz tickets which includes airfare for four to LA and hotel stay. New e-mail subscribers also get a free Lenny Kravitz CD.

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Patio Pundit gives us an

Patio Pundit gives us an excellent post that explains why record store technology could have prevented a 1989 murder, and how that same technology promoted both honest markets and the development of country and rap music. Definitely worth a read.

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