The Vatican is now under the control of the cardinals who will elect a new leader of the Catholic Church. On Thursday, Pope Benedict gave up his ring, cape and red papal shoes and became pope emeritus.
In 2011, during the debt ceiling crisis, Congress passed and President Obama signed a law mandating automatic budget cuts. The cuts were never supposed to take effect. In fact, they were designed to be clumsy and damaging enough to prod lawmakers to agree on something better. Which they haven't.
A combined company worth $11 billion would become the largest U.S. airline. By creating a robust route structure with hundreds of destinations on four continents, the two carriers may be able to attract more frequent fliers, improve service and boost revenues. But what happens to fares is uncertain.
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