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Monday, March 12, 2012

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Good link to the Fed research. Here is a Washington Monthly article on how airline deregulation affects mid-tier cities; many in the Midwest:

Terminal Sickness
"How a thirty-year-old policy of deregulation is slowly killing America’s airline system—and taking down Cincinnati, Memphis, and St. Louis with it"

http://www.washingtonmonthly.com/magazine/march_april_2012/features/terminal_sickness035756.php?page=all&print=true

If you're waiting for the airlines to be re-regulated, you're gonna wait a long time.

Cincinnati is increasingly a corporate town that's leaving the old ways behind. The old money has finally woken up and decided to get its act together.

Memphis will be just fine. FedEx isn't going anywhere.

Yes, St Louis is in bad shape but most of that is due to demographics and then somewhat about organized labor. I don't know if you can fix St Louis just as I don't know if you can fix Cleveland or Detroit. They don't want to change.

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