Airlines - EU slapping them with charges, read NEWS. SHORT THE AIRLINES. XAL close to top out as well.
The transports taking down the DOW again today.
----EU to tax U.S. subsidized airlines (AMR, DAL, U, UAL, FDX, UPS)
By Rex Nutting, CBS MarketWatch.com
Last Update: 1:24 PM ET Mar 12, 2002
The European Union moved Tuesday to impose duties on American airlines that have taken payments from the U.S. government following the Sept. 11 attacks. "In the European Union, our airlines have to 'play it by the book' whether or not they are undergoing a crisis such as the one bolstered by the events in September 2001," said Vice-President Loyola de Palacio of the European Commission. According to U.S. Transportation Department figures, 314 U.S. companies, including all the large carriers and cargo companies, have received a total of $3.9 billion in subsidies
GW - worst move was steel tariffs, this was the most stupid move our government could make. It shows the world how arrogant we are and will kill the stock market!!!!! |
