4.22.2008

Kunstler: Blind Spot

I happened to be flying into Minneapolis the very day that Northwest Airlines announced its merger with Delta --Delta to be the more senior (more equal) partner -- in effect, to absorb Northwest and run its operations. Many observers are not optimistic that the merger will rescue these companies in any case, since both airlines are financial basket-cases, but it's a sort of last-ditch effort to save them both.

Read full story