Marketplace Morning Report for Thursday September 25, 2014
Air France pilots today won what analysts say is a major victory on this 11th day of a strike. Air France management has offered to scrap plans to expand its low-cost partner airline called Transavia that pilots regarded as a threat to their livelihoods. The pilots are now considering the offer. And in the US the Great Recession laid the consumer low. Over the last six years, Americans have been more careful about major purchases, although once their cars and trucks wore out, they had little choice but to go back to dealerships. They've been careful about buying houses, big appliances, shopped deep discount, and paid down debt. Now, Consumer Reports magazine has crunched the numbers and concluded that we are ready to spend again. Plus, in sports when a team goes to hire a manager, what's the first and foremost metric? Wins and losses. One would think the same's true in politics when hiring a campaign manager or political consultant. But as we found out, it's not so clear cut.
Air France pilots today won what analysts say is a major victory on this 11th day of a strike. Air France management has offered to scrap plans to expand its low-cost partner airline called Transavia that pilots regarded as a threat to their livelihoods. The pilots are now considering the offer. And in the US the Great Recession laid the consumer low. Over the last six years, Americans have been more careful about major purchases, although once their cars and trucks wore out, they had little choice but to go back to dealerships. They’ve been careful about buying houses, big appliances, shopped deep discount, and paid down debt. Now, Consumer Reports magazine has crunched the numbers and concluded that we are ready to spend again. Plus, in sports when a team goes to hire a manager, what’s the first and foremost metric? Wins and losses. One would think the same’s true in politics when hiring a campaign manager or political consultant. But as we found out, it’s not so clear cut.
