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Northwest Airlines' debt downgraded
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Northwest Airlines' debt downgraded
Standard & Poor's downgraded the debt of Northwest Airlines and other large airlines Friday, saying high fuel prices are likely to cause heavy losses this year. S&P airline analyst Philip Baggaley said that in general, carriers face "perhaps a bit greater risk of liquidation," although he quickly added, "We think the airlines we've reviewed here are large and viable airlines." He lowered Northwest's long-term corporate credit rating one notch further into junk, to "B" from "B+," with a negative outlook. He also lowered ratings on American Airlines and United Airlines and their parent companies, AMR Corp. and UAL Corp.
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Wisconsin kicks our butt
Yee gads! We already know that Wisconsin has superior angel tax credits than Minnesota (and by superior, I mean it actually HAS them) but this is getting ridiculous. It would be perfectly understandable if the Badger State wanted to sit on its laurels and count the Minnesota startups fleeing to Madison or Hudson. Instead, as Minnesota [...]
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