Why the Economics of the Airline Industry are Hopeless

American Airlines (NYSE:AMR) filed for Chapter 11 bankruptcy Nov. 28, and the move reinforced once again what many have learned the hard way: The airline industry is an incredibly disappointing investment. Previous airline flops like this prompted an old saying - possibly untrue - remarking that the airline industry has lost money since the Wright Brothers first flew. They've also inspired tall tales of time-traveling bankers from the future having been seen at Kitty Hawk on Dec.

The airline industry

Jim Rogers: "The Fed is Lying to Us"

Despite statements to the contrary, the U.S. Federal Reserve has continued to pump money into the economy, says investing legend Jim Rogers. The resulting low interest rates and creeping inflation, he says, are destroying the wealth of millions. "[Federal Reserve Chairman Ben] Bernanke said last August he was keeping interest rates artificially low," Rogers told Yahoo! Finance on Tuesday. "The only way you can do that is to go into the market." As proof, Rogers pointed to the rise in

Jim Rogers

How the "New Cold War" with China Will Change America's Future

Few things push the frontiers of the future more than an army's desire to defeat its enemies. Just look at what happened to America after World War II. Our need to counter Soviet power delivered a tidal wave of innovation. Defense spending led to the Internet, microwave ovens and GPS devices - not to mention millions of jobs from one of the great tech booms in history. Now comes the "New Cold War" - one that will also prove a boon to a wide range of tech industries. This time the

new cold war