Tuesday, May 4, 2010

Too big to fail part two


By now most of you have heard about the proposed merger between United Airlines and Continental Airlines, which if it happens will make the new carrier the largest airline in the world. So the mergers never stop it seems. Big companies become huge companies and huge companies become mega-companies.


Anybody know what ever happened to TWA airlines?

Anyway, with all of the talk surrounding the failures of big financial companies and companies that were deemed to big to be allowed to fail why isn't anyone talking about the merger between United and Continental creating a too big to fail company?

Both airlines have lost billions of dollars in the last several years. So why is it a given that this merger will be successful? And if it isn't then what? How many jobs are at stake here? A hundred thousand or more maybe.

Also what about the decreasing competition among U.S. airlines. In the last few years we've seen Delta merge with Northwest airlines to create what is now the largest airline in the world. And if the merger between United and Continental happens look to American Airlines and US Air to merge. We'd have three mega carriers carrying most of this country's and the worlds airline passengers.

Wouldn't all three be too big to fail?

One more thing. If we only have three mega carriers in the U.S and three or four discount airlines like Air Tran and Southwest, what will happen to ticket prices? Sure ticket prices at well served cities like New York and L.A. will be competitive. But what happens in smaller cities? We all know what will happen. Prices will go up and frequency of service will go down.

Hopefully our government will step in to stop this merger. We don't need any more mega companies in this country. We need real competition to spark better service and lower prices. Let what happened on Wall Street be a warning across all industries that too big to fail is not good for anyone.

Anybody want to wager that within 10 years there will only be two giant airlines in the U.S.? That's two if we're lucky.

6 comments:

Don said...

Yep. If he trend continues there will be only two giant airlines in the next decade - and they probably will end up merging if the US economy has digressed even further.

Big companies become huge companies and huge companies become mega-companies. ...and the government eventually bails them out when, as you stated, it should have prevented such a merger in the first place.

Val said...

@Don

The problem is these companies have millions to spend on lobbying congress so they usually get their way.

Don said...

Agreed. I forgot about the third major political party - Democrats, Republicans and Lobbyist.

Val said...

@Don

Ha! You're right. Lobbyist are a third party and probably have more clout than the other two.

Citizen Ojo said...

One day there will be two banks so I guess this is par for the course.

Val said...

@CO

I fear you may be right. If Wells Fargo and Bank of America merge I'm moving to Canada!

Buy Life!

Buy Life!
click on Alicia for info

Check out some of my other posts below

Related Posts with Thumbnails

Val's Library

1963 (1) 1982 (1) 1984 (1) 2011 (2) 2012 Election (3) 50 cent (1) 52nd Street (1) 60 Minutes (1) 900 Number (1) 944 Magazine (1) A Verse by Val (2) Aaliyah (3) Abbey Lincoln (1) ABC (6) Actresses I'd like to see work more (1) Adina Howard (1) Adrian Fenty (1) Africa (1) African American Family (1) African Americans (7) Al Di Meola (1) Al Green (1) Alicia Keys (21) Aliens (1) Allergic To Vanilla (2) Aloyisus Leon Higginbotham (1) Alpha Kappa Alpha (1) Amazon.com (1) Amazulu Montego Bay (1) Amber Rose (1) America's Next Top Model (1) American Slavery (1) American War in Iraq (1) Amour-propre (1) Amy Winehouse (2) Andy Garcia (1) Angela Bofill (1) Angela Davis (1) Angela Simmons (2) Anika Noni Rose (1) Apple (1) Archie panjabi (1) Archie punjabi (1) Arizona (1) Arrested Development (1) Art Deco (1) Arundhati Roy (1) Ashton Purvis (1) Atlanta (4) Awards (1) Ayaan and Idyl Mohallim (1) Barack Obama (13) BART (1) Baseball (2) BBC Radio (1) Beautifulness (1) Ben Franklin (1) Bethany Storro (1) Beverly Peele (1) Beyoncé (3) Bill Withers (1) Billie Holiday (1) Birthdays (11) Births (1) Bishop Eddie Long (1) Black Ball (1) Black Farmers (1) Black History Month (5) Black Men (4) Black Panther Party (3) Black Women (25) Blair Underwood (1) Blanka Vlašić (1) Blogger (1) Blogs (4) Blu Cantrell (1) Bobby Womack (1) Bolero (1) bombs over baghdad (1) Boo Berry (1) Books (1) Boris Kdjoe (1) Bosnia (1) Boycott (1) Boycott Target (1) BP (2) Brandy (1) Breaking News (1) Brick (1) British Petroleum (4) Brittney Griner (1) Brownstone (1) Buffalo Stance (1) Burqa (1) Bust Magazine (1) California (3) Canada (2) Cape Cod (1) Carl's Jr (1) Carmen De Lavallade (1) Carolina Chocolate Drops (1) Cassie Ventura (1) Catholicism (1) CBS (6) Cell Phones (1) Cessna Citation X (1) Chad (1) Change (2) Charlayne Hunter-Gault (1) Charles Rangel (1) Chicago (3) Chill Rob G (1) Christianity (1) Christine Beatty (4) Chubb Rock (1) Chuckii Booker (1) Cinco de Mayo (1) Civil Rights Movement (1) Coke (1) Colonel Abrams (1) Colts (1) Columbus Day (1) Comedy (1) Common Sense Val (1) Complex Magazine (1) Concert (1) Congo (1) Constance Jablonski (1) Corinne Bailey Rae (1) Corporate America (1) Countermeasures (1) Crazy but true (1) Crime (1) Crystal Waters (1) Curtis Mayfield (2) Curvy Gurl (1) Darfur (1) Daylight Savings Time (1) Dazz (1) De La Soul (1) DEA (1) Death Penalty (1) Debbi Morgan (1) Debbie Dunn (1) Democrats (1) Denise Williams (1) Deon Estus (1) Depression (1) Desertflower (1) Desirée Rogers (3) Detroit (5) Disco (1) Dolly Freed (1) Dominique Reighard (1) Don't Stop The Music (1) Donell Jones (1) Donna Summer (1) Dorothy Dandridge (1) DRC (1) Earthquake (2) Ebonics (1) Ebony (2) Ed Lover (1) Education (1) Edwidge Danticat (1) El-Hajj Malik El-Shabazz (2) Elaine Brown (1) Ella Thomas (1) Elle (1) Eminem (1) England (1) Erykah Badu (1) Espana (1) Esperanza Spalding (1) Essence (2) Ethel Waters (1) Facebook (4) Fame (1) Famous People (1) Fashion (4) Fatima Siad (1) Favorite Models Series (8) Favorite music videos of all-time (1) Favorite stuff (1) Film (5) Five Star (1) Flashback Friday (45) Floetry (1) Food (5) Football (1) Fox Cough News (1) Foxy - Get Off (1) France (1) Freegan (1) Frida Kahlo (1) Friday Quote (1) Friday Quotes (1) Fugees (1) Further/ Farther (1) G20 (1) Gabourey Sidibe (2) Gary Coleman (1) General Stanley A. McChrystal (1) Genocide (1) George Benson (1) George Orwell (1) Georgia O'Keeffe (1) Ghetto Boys (1) Glow of Love (3) Good Morning America (1) GOTAN PROJECT - TANGO 3.0 - Peligro (1) Gotham Magazine (1) Grammy Awards (1) Grape (1) Gregory Porter (1) Groove Theory (1) Gulf of Mexico (8) Gypsy Woman (1) Haiti (17) Halle Berry (2) Hardee's (1) Harold Dow (1) Harriet Tubman (1) Harvard (1) HBCU (1) Higginbotham (1) Hillary Clinton (1) Hinduism (1) Hip Hop (1) History (1) Holiday (5) Holidays (1) Holly Robinson Peete (1) Hoosegow (1) Howard University (1) Hurricane Katrina (1) I Can't Wait (1) Idiot Rappers (1) If You're Girl Only Knew (1) India (1) iPad (2) Iran (1) Ireland (1) Irene Cara (1) Islam (2) Islamophobia (2) Isley Brothers (1) J. Cole (1) Jade (1) James "D Train" Williams (1) James Baldwin (1) Janelle Monáe (1) Japan (1) Jasmin Guy (1) Jason (1) Jay z (1) Jazz (2) Jean-Michel Basquiat (1) Jennifer Lopez. Halle Berry. (1) Jermaine Jackson (1) Jermaine Stewart (1) Jesse Jackson junior Harold Ford junior (1) Jessica Ennis (1) Jesus Christ (1) Jet Magazine (4) Jimmy Smits (1) Jodeci (1) Jody Watley (2) Joe Public (1) John Coltrane (2) Jonathan Butler (1) Jr. (1) Juan Williams (1) Judy Marte (1) Julianna Margulies (1) July 4th (1) Jurnee Smollett (1) Just a Laugh (1) Just a thought (1) K'naan (1) Kama (1) Kamala Harris (3) Karyn White (1) Kelis (1) Kelly Rowland (1) Keri Hilson (3) Kerry Washington (1) Kindle (1) King Pleasure (1) Kool and The Gang (1) KPFA (1) Kwamé (1) Kwame Kilpatrick (1) Lady Gaga (1) Lady T (1) LAPD (1) Las Vegas (1) Latice Sutton (1) Lauryn Hill (1) Lauryne Hill (1) LaVena Johnson (1) Lee Morgan (1) Left Eye (1) Lena Horne (1) Lenny Kravitz (2) Lesbian (1) Letterman Show (1) LGBT (2) LGBT Rights (1) Liam (1) Life and Style Magazine (1) Lil' Wayne (1) Lin A Woman (1) Lindsey Lohan (1) Lisa Bonet (1) Lisa Jackson (1) Lisa Lopes (1) Lisa Stansfield (1) Liya Kebede (2) Lolo Jones (3) Los Angeles (2) Love (3) Luther Vandross (3) Magazines (13) Malcolm X (1) Malcolm-Jamal Warner (1) Malia Obama (1) Malika Saada Saar (1) Manic Monday Music (1) Manu Dibango (1) Mariah Carey (2) Marion Jones (1) Marriage (1) Marshall Mathers (1) Martha Reeves (1) Martin Luther King (1) Marva Whitney (1) Massachusetts (1) Maxine Waters (1) Maxwell (1) MC Solaar (1) McDonald's Restaurants (1) McGhee sextuplets (1) Media (20) Medicine for Melancholy (2) Mel and Kim (1) Mellow Wednesday (1) Memphis (1) Mental Illness (1) Meryl Streep (1) Mes Deux Cents (1) Meseret Defar (1) Mexico (1) Mi Corazón (1) Michael Boatman (1) Michael Jackson (1) michelle Obama (2) Middle class (1) Miguel Jontel (1) Mireille Durocher Bertin (1) misogynists (1) Miss America 2010 (1) Miss Black USA (1) Miss Haiti 2010 (1) Miss Universe (1) Miss USA (1) Missing Person (3) MIT (1) Mitrice Richardson (5) Mizrepresent (1) MLK (1) Models (3) Money (1) More Than A Woman (1) Mos Def (1) Mother's Day (1) Music (10) Music for a Tuesday (1) Music Video (5) Mya (1) Natalie Stewart (1) NBC (7) Nellie (1) Nelson Mandela (1) Neneh Cherry (1) New Jersey (1) New Orleans (2) New York City (5) New York Series (1) Newark (1) News (18) NFL (1) Nice Shoes (1) Nicki Minaj (6) Niqab (1) No Wedding No Womb (1) Noémie Lenoir (1) Noisettes (1) Nothern California (1) NPR (1) Nu Shooz (1) Numero Magazine (1) NYC (5) Obama (9) Obscure Heroes (1) Octavius Catto (1) Of Monreal (1) Off the beaten path (1) Oil Spill (2) Oil Spll (3) Olympics (2) Omar al-Bashir (1) One In A Million (1) Opinion (16) Oprah (4) Osas Ighodaro (1) Oscar Grant (1) Otis Mathis (1) OutKast (1) Ownlee Eue (1) Pacifica Radio (1) Pam Grier (1) Paris Vogue (1) PBS (4) Pebbles (1) Penny Wize (1) Petroleum (1) Photo (6) Photo de Jour (23) Phyllis Hyman (3) Pink (1) Pink Friday (1) Plutocracy (1) Police Brutality (1) Politics (32) Poor (1) Possum Living (1) Poverty (1) Prince (2) Private Jet (1) Prop. 8 (1) Prophet Muhammad (1) Public Schools (1) Punk Rap (1) Punk Rock (1) Queen Latifah (2) Question de Jour (5) R and B (1) Race (1) Radio (1) Random Sunday (1) Rant (1) Rape (1) Ravel (1) Rebbie Jacson (1) Religion (2) Republicans (5) Reverend Jesse Jackson (1) Reverend Jesse Jacson (1) Rich (1) Right On Magazine (1) Rihanna (1) Rima Fakih (1) Rosa Parks (1) Rose Cordero (1) Run DMC (1) Rwanda (1) Saddam Hussein (1) Sade (17) Sakineh Mohammadi Ashtian (1) Sam Cooke (2) Same-gender marriage (1) San Francisco Bay Area (3) San Francisco Giants (1) Sarah Palin (1) Sarodj Bertin (1) Sasha Obama (1) Saturday Flashback (2) Saturday Funk (6) Saudi Arabia (1) School Daze (1) Seattle (1) Selita Ebanks (1) Serena Williams (1) Shalamar (1) Shari Headley (3) Sharon Brown (1) Sharone Simpson (1) Sheila E (1) Sheila Escovedo (1) Shoes (1) Sidewinder (1) Sinbad (1) Singers (1) Skin (1) Snap (1) Solange (2) Somalia (1) Sophie Okonedo (1) Soul Makossa (1) SoulSonic Force (1) South Africa (1) Space (1) Spain (1) Spelman College (1) Spike Lee (1) Sports (9) Spring (1) Stacey Dash (1) Stacyann Chin (1) Stereotypes (1) Stuff (30) Sudan (1) Suleka Mathew (1) Summer music (1) Sunday Music (3) Superbowl (1) Supreme Court (1) Surface (1) T Pain (1) Tamara Taylor (1) Tammi Terrell (1) Taral Hicks (1) Tea Party (1) Technology (1) Teddy Pendergrass (1) Teena Marie (1) Tell Me (1) Teresa Gueyser (1) Tevin Campbell (2) Texas Rangers (1) Thanksgiving (1) The Academy Awards (1) The Boondocks (1) The Bronx (1) The Good Girls (1) The Good Wife (1) The Power (1) The Simple Life (1) The Stoning of Soraya M. (1) The Sunday Report (2) The Twin Towers (1) The U.S. Outdoor Track and Field Championships (1) The United Nations (3) Then and Now (4) This Masquerade (1) Thursday Music (2) Tiger Woods (1) Tisha Campbell (1) Tje Jimmy Fallon Show (1) Today Show (2) Toronto (1) Toshiba Electronics (1) Tracee Ellis Ross (1) Tracey Heggins (3) Track and Field (8) Trains (1) Travel (2) Travis Barker (1) Treat'em Right (1) Trial (1) Trina McGee-Davis (1) Trudie Hall (1) Try Again (1) Tuck and Patti (1) TV (12) TV Theme Songs (1) Twitter quote (1) Two4er Tuesday (8) Tyler Perry (3) Tyson Gay (1) U.K (1) U.S Oil Companies (1) UN Peace Keepers (1) Unemployment (1) United States (1) Usain Bolt (1) Vacation (1) Val Recommends (4) Val's Links (1) Val's week in review (1) Valentine's Day (1) Vanessa Williams (2) Venus Williams (1) Verses by Val (2) Video de Jour (1) Violence (1) Virginia (1) Vogue (3) Vogue Italia (1) Wakeema Hollis (1) Wanda Jean Allen (1) War (3) Waris Dirie (1) Washington DC (2) Weather (1) Weddings (2) Weekend (2) White Women (1) Whodini (1) Will Smith (1) Willow Smith (1) WNBA (1) Woman (1) Women's History Month (4) Word de Jour (1) Word Play (3) World Cup (1) World Series (1) World Trade Center (1) WTF Files (13) Yarbrough and Peoples (1) Yasmin Warsame (1) Yo MTV Raps (1) YouTube (1) Zap Mama (1) Zoë Isabella Kravitz (3)

Soldier Of Love

I've lost the use of my heart
But I'm still alive
Still looking for the life
The endless pool on the other side
It's a wild wild west
I'm doing my best

I'm at the borderline of my faith,
I'm at the hinterland of my devotion
In the frontline of this battle of mine
But I'm still alive

I'm a soldier of love.
Every day and night
I'm soldier of love
All the days of my life

I've been torn up inside (oh!)
I've been left behind (oh!)
So I ride
I have the will to survive

In the wild wild west,
Trying my hardest
Doing my best
To stay alive

I am love's soldier!

I wait for the sound
(oooh oohhh)

I know that love will come (that love will come)
Turn it all around

I'm a soldier of love (soldier of love)
Every day and night
I'm a soldier of love
All the days of my life

I am lost
But I don't doubt (oh!)
So I ride
I have the will to survive

In the wild wild west,
Trying my hardest
Doing my best
To stay alive

I am love's soldier!

I wait for the sound

I know that love will come
I know that love will come
Turn it all around

I'm a soldier of love
I'm a soldier

Still waiting for love to come
Turn it all around
(4x)

I'm a soldier of love
I'm a soldier

Still waiting for love to come
Turn it all around
(3x)

Still waiting for love to come

Miss Keri Baby!

Tracee!

Solange!

Solange!
The only interesting Knowles

un·for·get·ta·ble: Earning a permanent place in the memory; memorable: an unforgettable experience.

Alicia says...

Rest in Peace Mitrice

Rest in Peace Mitrice
Mitrice Richardson