Why Airlines Can't Add More Flights Around Holidays, and 4 More Things to Know

Airplanes wait for the start
Alamy

Here's a quick rundown from the world of business and economics this morning: the things you need to know, and some you'll just want to know.

• If you're flying anywhere this holiday week, as you squeeze onto your overbooked airplane, you might wonder: Why can't airlines just add more flights when they know there's going to be a surge in passengers? Turns out that obvious solution gets stymied for a number of reasons. Our friends at NBC News explain.

• Six months after the IRS came under fire over the question of whether it had improperly scrutinized the tax-exempt status of politically active "social welfare" groups, the Treasury Department is wading back into the fray with a proposed new set of regulations that would restrict the ability of those groups to conduct a range of political activities. The current method for determining whether a group is too political to qualify as a tax-exempt nonprofit was too subjective: The new rules would set more objective criteria.

• What holiday gift do you buy for the guy who has everything? How about one of the last 11 copies of the first book printed in America. Price: $14.2 million. A copy of the Bay Psalm Book -- the first book printed in America, back in 1640 -- sold Tuesday at Sotheby's (BID), and set a new auction record price for a printed book. But in the spirit of Black Friday week sales, that was actually a bargain: It had been expected to sell for up to $30 million.

• Americans will be mailing a lot of holiday cards and gifts in the next few weeks, most of which will find their way to their intended recipients with no trouble at all -- sent on their way with the help of automated sorting machines. But those senders who have particularly bad handwriting will be happy to know that their mail will probably arrive too, and their sloppy penmanship makes them job creators to boot.

• And finally, the value of a bitcoin has reached a new record high. The untraceable virtual currency traded briefly Wednesday at $977. Don't you wish you'd bought some a couple of years ago, when the price was in the single digits?

Learn about investing from the comfort of your own home.

Portfolio Basics

Take the first steps to building your portfolio.

View Course »

Investment Strategies

Learn the strategies you need to build a winning portfolio

View Course »

Add a Comment

*0 / 3000 Character Maximum

3 Comments

Filter by:
mac2jr

TRAIN ©

From PhiliContractorsMall

The Rail Access Interstate Network (TRAIN) would be used to tie interstate tourism and commerce together throughout the USA. And the best part is that we already have much of it done in the form of US-35. US-35 from Mexico to Canada and the Great Lakes, is the backbone of the proposed transport system, with US -10, US-20, US-30, US-40, US-70, US-80, US-90, and US-94 being the ribs. The roads are already in place, therefore the land and right of way are already paid for, thus it would be relatively inexpensive to add pipelines, solar panels, wind turbines, and high-speed rail transport along the length of each, paid for by TRIPS (Transportation and Regional Infrastructure Project Bonds), and other non-taxpayer funding.

There is one such line in motion, it will be going from Tucson to Phoenix, Arizona and the 110 MPH semi-high-speed train will cut hours off of driving and flying times.

What a TRIP !

From PhiliContractorsMall

Transportation and Regional Infrastructure Project Bonds (TRIPs) that would leverage private investment to provide $50 billion in new transportation infrastructure funding and empower states and local governments to undertake significant projects nationwide. TRIPs could be used for all modes of transportation, including roads, bridges, rail, transit, port and inland waterways.

The U.S. Department of Transportation estimates that for every $1 billion invested in transportation infrastructure, we can create or sustain 30,000 good-paying jobs in Pennsylvania. Using that benchmark, the $50 billion of tax credit bonds under the TRIPs legislation would create 1.5 million new jobs nationwide to help repave our roads, refurbish our bridges and strengthen our transit networks.

Our nation needs a long-term transportation strategy that combines the cooperation, ingenuity and resources of the private sector and all levels of government. TRIPs offer an immediate, bipartisan opportunity to move us closer towards reaching that goal.

From Allyson Y. Schwartz, Pennsylvania, Member of Congress

November 27 2013 at 12:54 PM Report abuse rate up rate down Reply
mac2jr

The Demise of Airlines ©
From PhiliContractorsMall

It is true that millions of people around the world depend on airlines to get them from one location to another, but can this be sustained into the future? The price and availability of aviation fuel has over the last few decades, along with the price of the newer, safer aircraft, pushed nearly every U.S.A. airline into bankruptcy. Airlines are finding that the average citizen is becoming tired of the TSA inspection lines, the airline overcrowding, the fee increases, baggage charges, the takeoff and landing delays, and the overall attitude of the industry. Companies are finding that telecommuting is far less expensive than the 'face to face' of yesteryear.

And taxpayers are getting fed up with paying for new terminals, new runways, air traffic controllers, TSA personnel, traffic control, parking facilities, and subsidizing airlines that are running near empty aircraft to little used airports in the nation; all so a few (one or two million out of the 318,000,000 U.S.A. population) can afford to fly.

Yes, we now have a supply of solar, wind, and geothermal energy, and a supply of natural gas, but aircraft still needs aviation fuel which is becoming more scarce by the day. And as the world's countries become more industrialized and as the one-percent'ers increase, this will drive up the prices of airline flight even more, thus putting the kibosh on travel by those who are considered to be middle to poverty class economically.

Why did we at PhiliContractorsMall bring this up, the answer is in the commentary on these pages; we need to understand that for the vast majorities of people, airline travel is becoming unacceptable and we need Alternative Transportation Systems, systems that can produce tremendous economic advantages and millions of new jobs.

A Congressperson brought this out on national television a in early July of 2013, but he suggested Busses. And this is one such alternative, and is suitable for many travelers; our experiences with busses on long-distance travel have not been good, but we have experienced very good, and comfortable long-distance travel using Amtrak and other rail systems.

Point being, we need to look 20 to 100 years into the future of transportation, or we will be walking.

November 27 2013 at 12:49 PM Report abuse rate up rate down Reply
mac2jr

test

November 27 2013 at 12:47 PM Report abuse rate up rate down Reply