Word: baing
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...Fuel costs may have been a culprit, but the major problem the airline faces is that it sees no signs of improvement in the economy. BA's CEO said, "The prolonged nature of the global downturn makes this the harshest trading environment we have ever faced and, with no immediate improvement visible, market conditions remain challenging." (See pictures of Heathrow's Terminal...
...Since BA does business in almost every major country in the world, it is not a bad barometer of both consumer and business spending, at least the discretionary parts. If people cannot afford to fly they are unlikely to be aggressive consumers. If enterprises will not put their employees on airplanes, the recession is still likely to still be hurting corporate margins...
...largely declined to implement the U.S. benchmarks for national reconciliation deemed essential for ending the civil war by strengthening the Sunni political stake in Baghdad. The oil law governing distribution of revenues has not been passed, nor have restrictions been significantly eased on former members of Saddam Hussein's Ba'athist organization (the party remains popular among Sunnis) serving in government. Most alarming, perhaps, has been Maliki's departure from the U.S. strategy of putting former Sunni insurgents on the payroll through the "Awakening" militias that drove al-Qaeda out of many communities. (See pictures of post-surge life...
Maliki sees many of the Awakening leaders as unreconstructed Ba'athists, and his government appears to have declined to keep paying most of the fighters once Washington handed over responsibility for the program to the Iraqi authorities. Instead, the Maliki government has been arresting key Awakening leaders and unleashing military power when those actions provoke resistance. Maliki's determination to strip the Awakening of its power to challenge the government may not be unconnected with the recent uptick in violence in Iraq, as Awakening members abandon their posts or in some cases, return to the insurgent fold. Having concluded...
Like other Iraqis, Jabouri wonders who exactly is behind the latest spate of killings. Possibilities include agents of Iran as well as a reconstituting Ba'athist movement. The umbrella insurgent group al-Qaeda in Iraq remains the most vocal and visible among Iraq's militants, however. Many Iraqi security officials, insurgency experts in Baghdad and Awakening leaders worry that the militants, who melted away during the U.S surge, may have reformed into smaller, yet increasingly lethal, movements in their existing havens of Mosul and Diyala province. Indeed, there is some fear that al-Qaeda may be infiltrating the Awakening...