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Keyword: railwaylabor

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  • Uncle Sam Air,(airlines, chapter 11, bailout)

    09/15/2004 5:41:52 AM PDT · by OESY · 15 replies · 720+ views
    Wall Street Journal ^ | September 15, 2004 | Editorial
    ...It is taken for granted that every time the economy sours Washington will infuse the industry with enough cash to see it through the next boom-bust cycle. This bailout culture is so routine that nobody bothers discussing the fact that this hole-to-nowhere comes courtesy of lawmakers who won't tackle the regulatory and tax problems that hobble the industry. ...Last year Arizona Senator John McCain considered reintroducing his proposal to amend the Railway Labor Act to allow best-offer binding arbitration, which would encourage serious negotiation. But Republicans deemed it too politically difficult. Congress missed a similar opportunity earlier this year with...