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...first A-list recording artist to leave a traditional label for a truck full of Live Nation cash. Madonna announced a 10 year, roughly $120 million deal in 2007, while U2 revealed a 12 year touring and merchandising partnership earlier this week. Still, luring Jay-Z is a major coup for the publicly traded Live Nation. He is not only one of the world's top-selling rappers and concert draws, he's a former record company president. "If the [ex] president of Def Jam decides it's time to get off the sinking ship," says a producer...
...Lhasa burning in mid-March? Anger certainly. And worry about how the staging of the Olympic Games in August could be affected. But they were also surprised, shocked at how Tibetan resentment over Chinese rule had suddenly exploded into widespread rioting - not just in Lhasa but throughout regions with major ethnic Tibetan populations - spoiling what was supposed to be a positive, peaceful run-up to the Games...
That sentiment--a common one among the more than 10,000 U.S. airline pilots put on furlough between late 2001 and 2006--has led to what many airline experts call a major shortage of pilots willing to work for U.S. carriers. Bankruptcies, pay cuts, frozen pensions, eroded job security and increases in monthly flight hours have pushed some pilots out of the industry. Others have simply picked up and followed the best jobs overseas. Emirates, for example, expects to hire 540 pilots this year. Half the applicants are Americans, compared with just 7% of its current pilots. The result...
...word is quickly getting out to pilots in training. An aviation major and recent graduate of Georgia State University, Adnan Pochi, 21, has been flying since age 15 and has already racked up 300 flying hours. Although he will probably start off at a U.S. regional carrier, Pochi is attracted to the energy at airlines overseas. He hopes someday to go to India to work for Kingfisher Airlines. "They're hiring like crazy," says Pochi. "It's a big market...
...will fill the estimated 12,000 new airline pilot jobs created this year in the U.S.? Major airlines can still skim off the top to fill plum jobs with eager regional pilots, but then those regional positions will need to be filled. That is forcing some smaller carriers, such as Pinnacle Airlines and Comair, to reduce flight-hour requirements for experienced pilots or offer training-completion bonuses to new flight-school graduates...