Free Republic

The muscle car they tried to erase. The 1968 AMC Javelin AMX.

Italian AMX fighter bomber fleet reaches 200,000 flying hours On May 30, the Italian Air Force celebrated the first 200,000 flying hours (FH) of the Alenia Aermacchi AMX jets. The total amount of FH of the light-attack and reconnaissance single-engine aircraft jointly produced by Italy and Brazil, includes both operational and test flight hours (2,200) since 1984, the date of the type’s maiden flight. Six prototypes where manufactured (one was lost in an accident), 136 examples (110 single and 26 twin-seat, these last called the AMX-T) were ordered by the Italian Air Force and 56 were ordered by Brazil. All...

NEW YORK, May 20 (Reuters) - American Express Co (AXP.N) Chief Executive Kenneth Chenault said a new law that would impose sweeping limits on credit card issuers will likely hurt his company and reduce the flow of credit to consumers. Chenault said the legislation will be "more negative than positive" for American Express, because it will make it more difficult for the credit card and travel services company to set rates based on the risk its customers pose. Chenault said: "My concern is from the standpoint of credit being available, to particularly consumers who need it."