Insider Trading – Hypocrisy, Thy Name Is Congress!

June 2, 2010

Remember when Martha Stewart got into criminal trouble back in 2003 for lying to authorities about her alleged insider trading in securities, based on a stock tip from her broker? The SEC, the Justice Department and Congress were all outraged that the entertainment and publishing maven would try to make money off of information about an investment not available to the general public.

The Ultimate Hypocrisy

A bad thing, insider trading – that is unless you are privileged enough to get elected to Congress.

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As Air Travel Costs Increase, Are the Airlines Gouging Their Customers?

June 1, 2010

By Terry Smiljanich:

Remember when traveling by air meant free drinks and a meal, followed by a movie, while your luggage traveled for free? Remember cheap air fares? Those days are gone, as we stuff ourselves into crowded seats, pay extra luggage costs and higher fares, and munch on peanuts. With all of these cost savings, are airlines taking advantage of us by pocketing huge profits? Not yet, but stay tuned.

Airline Ups & Downs

The airline industry has had its financial ups and downs, with downs predominating of late. With vastly increased fuel costs during the past decade, and with a recession in 2008-2009, profits have been few and far between for struggling airlines. The global aviation industry operated in the red all but two out of the past ten years. In the face of this reality, airlines began cutting corners everywhere.

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