The Real Owner of All Those Planes [NYT]
Steven Udvar-Hazy has 824 planes, $3 billion, and thinks: “big U.S. carriers, since the dawn of the jet age, act almost like superior beings.” We like him.
Savers savor Fed policy [LA Times]
“The Federal Reserve’s stay-the-course plan for short-term interest rates will let many savers breathe easy: The yields they’re earning on money market funds and other short-term accounts are likely to hold near current levels, which are close to six-year highs.“
Four big airlines boost fares by $10 [Minnesota Star-Tribune]
The four largest U.S. airlines, American, Delta, Continental and United, are raising domestic round-trip fares by $10. They blame the high cost of fuel and “continuous cost pressures.”
Minorities, the Auto Loan Losers [Washington Post]
“An analysis of the most recent Federal Reserve Board’s Survey of Consumer Finances data, completed on behalf of the Consumer Federation of America (CFA), found that in 2004, African American car buyers paid much higher loan rates on new and used autos than white Americans.“