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After the crash, ValuJet was grounded for more than three months. The carrier has since returned to the air, although reduced in size. Is ValuJet safe to fly? Is any airline? Yes, if compared with other means of transportation, such as autos. But given the rapid growth of air travel, today's low accident rate will mean greater numbers of crashes in the next decade unless safety is improved. In the wake of Schiavo's campaign, Congress has changed the FAA's mandate to make safety its primary mission...
Pilots know that weather causes about 40% of aircraft accidents and about 65% of air-traffic delays longer than 15 minutes. Thankfully, technology can defuse the threat. Doppler radar can predict and pinpoint rapid, dramatic shifts in wind by bouncing beacons off different air masses...
...properly regulated ValuJet, its rapid growth might not have led to disaster. But that February in 1996, all that seemed clear to me was that the FAA simply did not know what to do with ValuJet. The airline's safety record had deteriorated almost in direct proportion to its growth. ValuJet pilots made 15 emergency landings in 1994 and were forced down 57 times in 1995. (I didn't know it yet, but that record would be surpassed within months with 59 emergency landings in the first part of 1996. From February through May that year, ValuJet would have...
Over the past several decades, Asia has produced numerous economic miracles as nations transformed from impoverished backwaters into global competitors. But one miracle that has received scant attention has been the way the region in the first half of this decade has enjoyed generally rapid growth - headlined by booms in China and India - without awakening the beast of inflation that so often roars when economies get overheated. From 2003 to 2007, Asian economies (not including Japan) expanded at an average annual rate of 8.1%, triple that of advanced economies. Over the same period, inflation in Asia averaged a relatively mild...
...This combination of slowing growth and soaring inflation turns economic policymaking into a tricky tightrope act - one with potentially ugly consequences for Asian governments that get the balance wrong. In the past 40 years, rapid price rises contributed to the collapse of two Indonesian regimes; inflation was also a factor during China's Tiananmen Square uprising in 1989. Consumer price inflation stirs up the middle classes because it can quickly erase years of hard-won personal gains. And inflation can be particularly cruel to the poor, because families are forced to spend a larger share of their meager incomes...