The stack: Air madness, fake green, the Kookocracy keeps on keeping on
We start out with news of Delta Air Lines and Northwest intensifying their merger talks. We won’t hear how the mergers of the past have only worsened the mess at the airlines. Why? They take away competition, leave the remaining carriers in a group-think mode that discourages innovations (hello, newspaper industry), and are paid for partly by laying off the experienced employees and cutting the service that make for a great airline.
The combined carrier will be two drunks holding each other up — most mergers fail to deliver their promised "benefits." If either carrier is too weak to stand, let it liquidate (it wouldn’t) and make room for new competition, Doing the same disastrous thing over and over while expecting a different outcome is a definition of insanity. Ah, but every time the crazy top execs and investment bankers get richer. Meanwhile, we do nothing to improve our transportation system, such as building high-speed rail.
There’s also a stack of Arizona funnies..
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