There’s also an article on how American will try to fly its current schedule with 20% fewer pilots. The hard copy of the paper has a graphic accompanying it showing revenue declines in the airline industry since deregulation in 1978, and they’ve been pretty dramatic. This is how dynamic competition works: competitors come in an … More More

There’s also an article on how American will try to fly its current schedule with 20% fewer pilots. The hard copy of the paper has a graphic accompanying it showing revenue declines in the airline industry since deregulation in 1978, and they’ve been pretty dramatic. This is how dynamic competition works: competitors come in an … More More

There’s also an article on how American will try to fly its current schedule with 20% fewer pilots. The hard copy of the paper has a graphic accompanying it showing revenue declines in the airline industry since deregulation in 1978, and they’ve been pretty dramatic. This is how dynamic competition works: competitors come in an … More More

There’s also an article on how American will try to fly its current schedule with 20% fewer pilots. The hard copy of the paper has a graphic accompanying it showing revenue declines in the airline industry since deregulation in 1978, and they’ve been pretty dramatic. This is how dynamic competition works: competitors come in an … More More

Adelman On Iraqi Oil

The Wall Street Journal is full of good stuff today, particularly this commentary by M.A. Adelman on how to commercialize the Iraqi oil fields (subscription required). His recommendation: an open auction of drilling rights to the highest bidder, regardless of nationality. Excerpts: While the war continues in Iraq, a debate is already simmering about how … More Adelman On Iraqi OilMore Adelman On Iraqi Oil

Can The Government Pick Technology Winners?

That’s the question I posed, and on which I offered some thoughts, in the fifth of our five-part hydrogen series. Punch line: the government doesn’t do a better job than any other group of folks, and arguably does a worse job because it has no mechanisms for saying “no”. Markets provide ready mechanisms for funding, … More Can The Government Pick Technology Winners?More Can The Government Pick Technology Winners?

It’s been a crazy couple of weeks, thus the posting hiatus. I was in DC all of last week, then off to a day trip Monday to San Francisco, with the red-eye back to teach the first day of class Tuesday, now at the airport on the way to DC for a meeting. Ugh. This … More More

It’s been a crazy couple of weeks, thus the posting hiatus. I was in DC all of last week, then off to a day trip Monday to San Francisco, with the red-eye back to teach the first day of class Tuesday, now at the airport on the way to DC for a meeting. Ugh. This … More More

It’s been a crazy couple of weeks, thus the posting hiatus. I was in DC all of last week, then off to a day trip Monday to San Francisco, with the red-eye back to teach the first day of class Tuesday, now at the airport on the way to DC for a meeting. Ugh. This … More More

It’s been a crazy couple of weeks, thus the posting hiatus. I was in DC all of last week, then off to a day trip Monday to San Francisco, with the red-eye back to teach the first day of class Tuesday, now at the airport on the way to DC for a meeting. Ugh. This … More More