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Is Bankruptcy 'Business As Usual' For Airlines?

American Airlines is the latest airline to file for Chapter 11 bankruptcy protection. Bankruptcy filings seem almost commonplace within the industry these days, in part because the stigma has largely disappeared.
NPR

India Eye Care Center Finds Middle Way To Capitalism

Founded in the 1970s in India to eliminate needless blindness, Aravind Eye Care has grown to 4,000 beds in seven hospitals — and its surgeons are among the most efficient in the world. The hospital system conducts 300,000 surgeries a year, and about half are free.
NPR

American Airlines Files For Bankruptcy

American Airline's parent company AMR has filed for bankruptcy protection. American will continue to operate its flights as usual. The airline will use bankruptcy to off-load some of the debt that is weighing it down.
NPR

Obama Pushes Payroll Tax Cut

President Obama is ramping up his campaign for a continuation of a payroll tax cut, which only affects the first $106,000 in individual income. Republicans object, in part because they don't even consider it a tax since the money goes to the Social Security Trust Fund. Democrats see it as a progressive tax cut. "Spreading the wealth" is a theme Obama campaigned on four years ago.

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