Word: friedmanly
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...chain reaction - where pilots fly without instruments in low visibility or at night, lose their bearings or make bad decisions, and crash into terrain - caused 80% of all helicopter-ambulance accidents reviewed by the Congressional Research Service in 2006. "The same accidents keep happening over and over," says Stacey Friedman, founder of Safemedflight.org, which advocates for crash victims' families. Her sister Erin Reed was a nurse who died in a medical-helicopter crash in Puget Sound...
...NTSB clash this week, Stacey Friedman will fly from her home in Sacramento to attend the safety hearings in Washington. She will tell people that the helicopter her sister was riding in crashed into the Puget Sound in the middle of a heavy storm, that her sister's body was recovered in pieces. She probably will not cry. She has been telling the same story for years. "The industry is supposed to save people," Freidman says, "but actually it's killing people all the time...
...supply them with paper, pens and staplers - somewhat shields it from the more dire retail shocks. But the company is still in a dangerous spot. "With their leases and off-balance-sheet leverage, Office Depot's financial risk is undoubtedly high," says Stephen Chick, an equity analyst at Friedman, Billings, Ramsey...
These days, however, few people think the capital-purchase plan makes sense. Paul Miller, an analyst at Friedman Billings Ramsey who covers bank stocks, says the problem with it is that the government is buying preferred shares and not common stock. Miller says preferred equity does nothing to help out common shareholders. That's because holders of preferred shares can demand their money back before holders of common stock can. As a result, bank stocks continue to plummet. And no matter how much total capital a bank or any firm has, if its stock goes to zero...
...Three's Bailout I can't understand why there's no talk in Congress about moving auto manufacturers' health-care systems into the federal system in exchange for an equity investment that - as journalist Thomas Friedman has suggested - requires the hybridization of their entire fleet [Dec. 15]. The federal system includes several large health-care units. Why not take Detroit's health-care needs off the automakers' hands and develop a single-payer system before rolling it out on a national scale? Not having to worry about the medical needs of personnel would make Detroit automakers better able to compete...