Two airport security events struck me on my trip to Florida this past weekend. Firstly, the x-ray scanner at LaGuardia Airport detected a small nail clipper in my cosmetic case and the security staff gave me the option of checking it in (which meant going back through the long check-in line) or of giving it up immediately and buying a replacement later. That was an easy decision. Why not help out the economy a bit and avoid a hassle?
In the aftermath of September 11, many insurance policyholders and investors legitimately have expressed concern over the viability of their insurers, the security of their policies and the future of their insurance investments.
The emergency aid being provided to the airline industry by the federal government is both essential and legitimate. This is not a bailout, as it is often being called in the media. Nor is it an undeserved life raft to guarantee the survival of every airline (we have already seen Midway shut down, and America West and U.S. Air are in serious financial straits). Rather it is an infusion of cash that is essential to an industry that is woven into the fabric of our economy.
You are currently browsing the Ravengate Partners – Global insight by Patricia Chadwick blog archives for October, 2001.
(0 new)