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Deregulation

The Unsaved World – NYTimes.com

The rupiah is falling! Head for the hills! On second thought, keep calm and carry on. In case you’re wondering, the rupiah is the national currency of Indonesia, and, like many other emerging-market currencies, it has fallen a lot over the past few months. The thing is, the last big …

Blame Jimmy Carter for all the airline bankruptcies. Or better yet, thank him. – Slate Magazine

American Airlines’ parent company, AMR Corporation, filed for Chapter 11 bankruptcy protection on Tuesday, surprising exactly no one. A major corporate bankruptcy is normally a bit of a shock, but there’s nothing shocking about bankruptcy in the American passenger air business, where filings are way more common than crashes. Frontier …