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Bankrkuptcies, Profits, Subsidies, expectations.

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[quote user="blue streak 1"]   <blockquote> <div><img src="/TRCCS/Themes/trc/images/icon-quote.gif" /> henry6:</div> <div>   So Sam and Blue Streak, another question arises.  If every venture is going to end at some point and that it will never make money in the long run, why do anything? <div style="clear:both;"></div>   </div> </blockquote>   No !!!!  Not all ventures just airlines and transportation companies in general.  Latest figures from CBS stated airlines net lost a total of $11B +  since 1961.  Taking in all the lost ancillary taxes I wonder how much subsidizing of airlines actually occurrs ??  This not counting all the money going to Boeing , McDonald, Douglas, Lockheed ?? To use an old saying.  If you want to loose money fast buy an airline. On that statement I would like to cite two exceptions.  That would be FED EX and UPS mainly because they are an integrated transportation system. Also so far Southwest Airlines seems to have advoided other airline problems by being well run but it only takes one mistake to eliminate 100 good ideas. [/quote] Where did CBS gets its numbers?   In October I watched the same news program.  It contained a report regarding the layoff of 300,000 teachers since the start of the recession.  It included the obligatory child crying over the loss of a favorite teacher, traveling a half mile further to his new school, and sitting in a larger class.  Wow, I thought, it sounds pretty bad. Then I looked into it. It turns out that there are more than 4.3 million primary and secondary school teachers in the United States. Moreover, according to the U.S. Department of Education, the number of teachers who have lost their job is closer to 278,000.  Assuming, however, that 300,000 is a good number to round to, it means that roughly six per cent of the teachers lost their jobs. That is approximately the normal annual turnover rate for primary and secondary school teachers in the United States. So what does this have to do with this thread? I am suspect of what I hear and see on CBS news. Or any other TV news broadcast. Television news is a study in superficiality.  I watched it rarely.  And I never give it any credence without double checking what is reported. There is one other thing that I resolved to avoid.  Responding to posts that have nothing to do with passenger rail. Whoops, looks like I fell off the wagon.  Hopefully, I will do better in the future.
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