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] Equity indices closed out the month of August on a modestly higher note. The Russell 2000 (+0.6%) and Nasdaq Composite (+0.5%) finished ahead of the S&P 500 (+0.3%), which extended its August gain to 3.8%. Blue chips lagged with the Dow Jones Industrial Average (+0.1%) spending the bulk of the session in the red.
The final week of August represented one of the quietest stretches for the stock market so far this year. The first four sessions of the week produced the ... More
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