Air Transport News.
Jun 23, 2008 Sen. Charles Schumer, D-N.Y., has introduced a bill to block a DOT plan to auction slots at New York airports. He said the slot auction will not reduce congestion and delays, and he urged the FAA to instead focus on NextGen air traffic control...

Some lessons from the history of Australian banking.
This paper reviews three major episodes in Australian banking history and argues that in banks have often 'misread' the deeper issues and needs for the industry, concentrating on operational issues rather than understanding the bigger picture. Banks have, historically, not appreciated changing requirements for system stability and industry prudential...

Down from the mountain: Taylor Branch shows how the end of Martin Luther King Jr.'s civil rights movement marked the beginning of liberalism's crack-up.
At Canaan's Edge: America in the King Years, 1965-1968 By Taylor Branch Simon & Schuster, $35.00 Dr. Martin Luther King Jr. took the civil rights movement north in July 1966. He began with a rally at Chicago's Soldier Field, one that was attended by 45,000 people, boycotted...

Subprime fallout: Congress, industry groups respond to rising mortgage foreclosures.
At an April 17 hearing to explore possible responses to the rising home mortgage foreclosure rates, Rep. Barney Frank, D-Mass., Chairman of the House Financial Services Committee, heard testimony from Fannie Mae, Freddie Mac, the Federal Housing Administration, the mortgage industry and consumer organizations. The hearing was held to...

Debit cards canceled after security breach; Fitchburg Savings Bank replaces cards after warning from Visa USA.
Byline: Andi Esposito FITCHBURG - About 1,300 debit-ATM cards issued by Fitchburg Savings Bank were deactivated yesterday after the bank was told by Visa USA that a "large-scale data compromise" may have included its check cards. None of the cards was used fraudulently and all...

Banking on Shari'ah principles: Islamic banking has witnessed remarkable growth from its humble beginnings in the early 1970s into a 21st century multi-billion dollar global niche industry. (Special report: Islamic banking).
The value system of Islam provides guidelines for all aspects of human behaviour, including economic, legal, political, social, material, cultural and moral affairs, contained in the Shari'ah (Islamic Canon Law). The Koran does not discourage deposit taking or the negotiation of credit instruments, but it forbids interest-based...

Tales from the dark side: Divining the causes of Japan's economic nightmare. (Culture & Reviews).
Dogs and Demons: Tales front the Dark Side of Japan, by Alex Kerr, New York: Hill & Wang, 432 pages, $27 IN THE ANCIENT Chinese philosophical text Han Feizi, the emperor asks a painter which subjects are the hardest and easiest to depict. "Dogs and horses are...

FCDU deposits grow 1.9% to $ 21.6 B.
Byline: LEE C. CHIPONGIAN The Bangko Sentral ng Pilipinas said assets of banks' foreign currency deposit units hit a new record-high of $ 21.6 billion as of end-June, 1.9 percent higher compared to year before. Banking observers said the increase could be partly arributed to...

Resources of banking system hit P4.16 T in 2004, up 1.7%.
Byline: LEE C. CHIPONGIAN The local banking systems total resources last year amounted to P4.166 trillion, 1.7 percent higher from 2003s P3.810 trillion, the central bank said in a report. According to a report by the Bangko Sentral ng Pilipinas "Economic and Financial Developments" for...

Banking assets up 4.3% in 6 months.
Byline: LEE C. CHIPONGIAN The banking sector's resources totalled P4.519 trillion in the first half of the year, 4.3 percent higher from P4.330 trillion the same period in 2005, the central bank said in a report. In the meantime banks' total net income after tax...