WASHINGTON — Flights were delayed by up to two hours across the country Monday, the first weekday that the nation’s air traffic control system operated with 10 percent fewer controllers. Pilots, gate agents and others were quick to blame furloughs caused by mandatory across-the-board budget cuts, but the Federal Aviation Administration said it was too soon to assign blame.
Ryan W. Kingsbury SM ’09 is the rare flier who’s actually looking to be bumped from a flight.
INDIANTOWN, Fla. — In former swamplands teaming with otters and wild hogs, one of the nation’s biggest utilities is running an experiment in the future of renewable power.
Oil prices dropped below $70 a barrel for the first time in 14 months on Thursday, prompting the OPEC cartel to call for an emergency meeting next week to establish some stability in prices that have swung wildly along with the stock market this year.
Fresh concerns about the biggest government bailout in history sent stock markets down sharply on Monday, while a weakening dollar sparked a frantic rush into commodities as investors remained nervous about the financial health of Wall Street.
As oil prices soared to record levels in recent years, basic economics suggested that consumption would fall and supplies would rise as producers drilled for more oil.
Exxon Mobil reported the second-best quarterly profit in its history on Thursday — and investors could barely hide their disappointment.