VIDEO ON MSN MONEY
What about TWA, Pan Am, Braniff, People's Express and Eastern. Pan AM and TWA were the first real American casualties of terrorism, Eastern of corporate and union greed, People's Express committed suicide because they grew too fast and didn't have a reservation system, and Braniff.....who remembers why Braniff failed other than they were out of money. Airplane manufacturers McDonald Douglas and Lockheed succumbed to Airbus, the illegally subsidized European aircraft maker that the American government allowed to prosper without objection to the subsidies, standing idly by as one after another of the American manufacturers failed. Well, that and both companies played "You Bet Your Company" with the L-1011 and the MD-11 and lost.
Many others in different industries that were subsidized also failed, but its is the ones that just failed that we miss the most.
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[BRIEFING.COM] The stock market punctuated July with a broad-based retreat that sent the S&P 500 lower by 2.0% with all ten sectors ending in the red. The benchmark index posted a monthly decline of 1.5%, while the Russell 2000 (-2.3%) underperformed to end the month lower by 6.1%.
To get a better feel for what led to today's retreat, we'd like to look back to Wednesday, when the market had ample reason to rally, but did not. Instead, it ended basically flat after a sloppy day of ... More
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