| MONDAY, FEB. 12
The operator of American Airlines put a damper on buoyant expectations late last month by warning that weather-related flight cancellations had driven up its unit costs, leading analysts to predict a quarterly loss. That said, AMR is still likely to post its first annual profit in six years amid improving industry fundamentals. See article. Earnings Outlook: Analysts polled by Thomson First Call forecast a loss of seven cents a share; before AMR's update, it was expected to turn a profit of 53 cents a share. In 2005's fourth quarter, the company posted a loss of $3.49 a share, including more than $1 a share in one-time charges. Revenue Outlook: Analysts expect $5.5 billion, up from $5.17 billion a year earlier. Key Issues: • Cancellations: Snow in Denver and fog in London hampered airlines late in the quarter.
Britain ‘seen as a soft touch’
First we're told immigrants took 30 per cent of the 2.7 million jobs created in the past decade. Then the official figure was increased to 40 per cent. Now it's 52 per cent – making Gordon Brown's promise of “British jobs for British workers" look pretty silly. It's all guesswork, and the Government has even less of a clue how many illegal immigrants there are. Of course it's right that we share the international burden of caring for genuine refugees fleeing persecution and death. But we're being exploited. Britain is seen around the world as a soft touch. We must remember that, as the grandmother I was talking to the other day pointed out, charity begins at home. .
Obama's Hispanderama
Cardinal Murphy has word of a poll showing Obama tied in ... California. Yikes. Is the Hispandering working? That would fit with the Skurnik "Two Electorates" theory--most Latino voters, like most other voters, tune in only for the last few days, and what theynow see is Obama talking about giving drivers' licenses to illegals. ... 3:55 P.M. ________________________ The Annotated Pander: Barack Obama presented himself after Iowa as the candidate who "won't just tell you what you want to hear, but what you need to know." But that was then. Now, if you're a Latino voter, he'll just tell you what you want to hear. He's in the middle of a desperate Hispandering initiative, which culminated in this exchange last night, which I've annotated: CUMMINGS: This is from Kim Millman (ph) from Burnsville, Minnesota.
This year, the American people will choose between two diametrically ...
The Democratic Party looks at our nation and sees the twilight of the American soul. Republicans affirm that now, as throughout history, the spiritual and intellectual genius of the American people will create a better nation and maintain a just peace. To Republicans, creativity and growth are imperatives for a new era of opportunity for all. The Republican Party's vision of America's future, the heart of our 1984 Platform, begins with a basic premise: From freedom comes opportunity; from opportunity comes growth; from growth comes progress. This is not some abstract formula. It is the vibrant, beating heart of the American experience. No matter how complex our problems, no matter how difficult our tasks, it is freedom that inspires and guides the American Dream.
NYMEX Sets Gold Futures Open Interest Records
NEW YORK, Sept. 28 /PRNewswire-FirstCall/ -- The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc. (NYSE: NMX) , today announced that its gold futures contract reached record open interest levels for the fourth consecutive day this week. On Thursday, the open interest in the gold futures contract peaked at 443,765 contracts, after setting records on September 24, 25, and 26, surpassing the previous record of 425,688 contracts set on May 29. Forward Looking and Cautionary Statements This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to our future performance, operating results, strategy, and other future events. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, and similar words and terms, in connection with any discussion of future results.
Overview: Uncertainty persists despite positive US data
Uncertainty remained the key theme in financial markets as reassuring comments from the banking sector and some broadly positive US economic data failed to quell lingering credit worries on Wednesday. Bear Stearns, the US investment bank, said it expected to write down $1.2bn of mortgage-linked assets in the fourth quarter – less than many in the markets feared. .
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