Word: accountant
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...starters, phenomenally appealing interest rates. ING Direct pays 4.5% on a savings account, while the average account gives 0.46%, according to Bankrate.com Then there is the fast-food aesthetic: simple, inexpensive service. ING Direct offers exactly one type of savings account and one type of checking account. There are no fees and no minimum balances. Signing up online takes five minutes--not much longer than a stop at McDonald...
...corporate jets will be delivered over the next decade, adding 10% more annual flying time compared with 3% for commercial jets. That provides an estimated $227 billion to corporate jet manufacturers, such as Bombardier, Embraer and Dassault. Roberts adds that the new very light jet category alone could account for up to 4,000 deliveries over the next 10 years. (Honda's first foray into the business jet market, the twin-engined advanced light jet, is expected to roll...
...increased demand for corporate jets has also brought a need for more pilot training. By some estimates up to 20,000 new pilots for both corporate and commercial jets are needed globally each year to account for a disruption in the supply chain that occurred over the last five years. CAE provides training to pilots at 24 training centers worldwide, four of which are devoted exclusively to business-jet training. One such facility, the SimuFlite North East Training Center, opened last week in Whippany, N.J., and has six flight simulators for training on models from the Gulfstream...
...disproportionate part of the system," says FAA spokeswoman Laura Brown. "Business jets are an important part of the general aviation category and under the current structure [they] don't pay for the financial system." Commercial airlines and their passengers pay about 95% of the taxes but only account for 73% of the costs of the air traffic system, according to FAA administrator Marion Blakey. The idea coming before Congress is to overhaul the current system in favor of satellite GPS technology and aviation-funding strategies that would also include a new user-fee system to bring the amount that corporate...
...deficits cause America to appear as a supplicant rather than a confident leader. The $170 billion shortfall in trade last year made the U.S. the world's largest debtor nation. A Western diplomat in Venice said bluntly, "The strategy of the U.S. at the summit does not take into account its declining economic power...