For industries such as airlines and hotels, finding the best pricing model is the difference between survival and certain death. If an airline charges more than the market will bear and flies a row of empty seats from Dulles to Los Angeles, it can never regain that lost revenue.
Blowtorches light up the night on the beaches of Chittagong, Bangladesh. Aside from the moon, the blue-orange glow is the only light by which workers in the southeastern port city of five million people labor under harsh conditions, dismantling large ships that lie like whale carcasses washed ashore.
We need to stop calling public investment in “public transportation” a subsidy. America’s economic engine, and the very fabric of our society, is held together by its transportation infrastructure. Industry, jobs, schools, entertainment, public services delivery, police, fire, and other emergency services—the list goes on and on.
With so much focus on the presidential faceoff in November, it can be easy to forget that the executive branch is only one-third of the US government. Regardless of the presidential victor, there are sure to be significant shake-ups in Congress, where all 435 seats in the House of Representatives are up for grabs.