Word: bailouts
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...executives at the major airlines scurry around Washington trying to sell Congress on a $24 billion bailout to save their suddenly endangered industry, one of the business? smaller players - CEO Jonathan Ornstein of Phoenix-based Mesa Airlines - has an idea: Start by saving yourself...
...industry is asking for a $24 billion bailout, Chrysler-style, with some money up front and the rest in a longer-term package loan guarantees, with the federal government co-signing to keep interest rates less than usurious. Congress is thinking more like $18 billion...
...into a flying bomb threat, airline executives looking for help from Washington have been in the political equivalent of a three-hour check-in line. Now, after a meeting at the White House with Transportation Secretary Norman Mineta and chief Bush economic adviser Larry Lindsey, it seems that a bailout...
...House and Senate have already approved a $40 billion bill to fund rescue, security and law enforcement efforts in the wake of Tuesday's attacks - a figure which may or may not include an agreed-on-in-principle $2.5 billion bailout of the airline industry...
...less dramatic note, the Bush team had on the campaign trail also echoed a free-market orthodoxy against bailing out stricken emerging-market economies, but when Turkey threatened meltdown in the spring, they backed an IMF bailout. Again, this prioritizing of pragmatism over ideology may be encouraging to an international financial community nervously contemplating the state of Brazil and Argentina...