Word: greenwald
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...about a deal of their own - which would create a new top dog mega-carrier with nearly 30 percent market share - smells suspiciously like a bluff. "Obviously, there's a fever in the industry to consolidate for fear of getting left behind by United," says TIME business writer John Greenwald. "But it seems like the government would never allow this one. It doesn't make sense. It'd be like Time Warner buying Disney...
...American and Northwest combo, says Greenwald, would have far greater route overlap (a red flag for competition-minded regulators) than the neatly complementary maps of United and US Airways. And United is divesting what little there is, at Washington's Reagan Airport, creating DC Air and handing it to BET mogul Robert Johnson in a little backyard lobbying of the Capitol crowd. But even that merger will get a very close look from the Justice Department, Congress, even the Europeans - not to mention the unions involved - and some analysts are giving it no better than a 50-50 shot...
...John Greenwald...
...John Greenwald. With reporting by Jeffrey Ressner/Los Angeles
...says Kadlec, "and if you're desperate for cash, a $1.50 charge is really insubstantial." Still, to many it seems like too much to pay. "It's hard to know who's the good guy and who's the bad guy in this situation," says TIME business writer John Greenwald. "On the one hand, these systems cost the banks money that they have a right to recoup. On the other hand, it's galling to consumers to be charged every time they use a machine." It doesn't help that consumers are not in a particularly forgiving mood when...