CGI is a complete #$%$. They designed a heathcare program for Canada that was so bad that Canda had to throw them out and get another developer. Yet even with this horrible record, the USA obama admistration gave CGI this contract !
Thy Majesty hast summon thee to her presence to espouse your knowledge of such things that have made you such a master
Holder has never met a free market that he thought would NOT operate better under government control." They think ANYTHING is better under government control.
American airlines parent amr corp. (aamrq) swung to a third-quarter profit on record revenue and cost savings achieved in its bankruptcy restructuring, and doesn't see much effect on travel demand due to the government shutdown that just ended.
amr chief executive tom horton said in an interview thursday that bookings in the current quarter "appear to be quite strong," compared with the level achieved at this time a year ago. "demand for travel is outpacing our capacity increases, which is good news."
while he said the nation's third-largest airline by traffic continues to keep an eye on the effects of the government shutdown, oil prices "have been fairly tame" and the industry "has been disciplined with respect to the supply and demand balance." this is leading to a fourth-quarter outlook about which "we feel pretty good," mr. Horton said.
the fort worth, texas, company posted net income of $289 million, compared with a year-ago net loss of $238 million. But if $241 million in special items related to its bankruptcy reorganization, financings and expenses related to its pending merger with us airways group inc. (lcc
) , are stripped out, the latest quarterly profit would have been $530 million, a company record. A year ago, amr reported a profit of $110 million, excluding $348 million for such items.
amr, which hopes to leave its nearly two-year stay in bankruptcy protection via a merger with us airways (lcc
), first must prevail in a antitrust trial slated to begin nov. 25. The u.s. Department of justice in august sued the companies to stop the combination, contending it would drive up ticket prices and rob consumers of choices in air travel. The airlines disagree, saying the combination--which would form the largest u.s. Airline by traffic--would give fliers new choices and act as a counterweight against united continental holdings inc. (ual) and delta air lines inc.(dal), two carriers that recently bulked up through mergers.
several state attorneys general joined the justice department in the complaint. Mr. Horton said the airlines "are talking" to them in the hopes of changing their minds. The texas attorney general recently withdrew his opposition, something mr. Horton said was "the result of a lot of hard work." more than 60 democratic members of congress recently wrote president barack obama to show their support for the combination. "i don't know what helps and what doesn't," the ceo said of that letter. "but there is overwhelming support for the merger."
until the trial is over, amr must remain in bankruptcy-court protection, which is costing it about $50 million per quarter in professional fees. "it's a lot of money, which is why we think it's important to get the company out of restructuring as soon as possible," mr. Horton said. Moreover, some vendor and supplier contracts that were redone in the bankruptcy case to reduce costs won't kick in until amr leaves chapter 11, he said. If amr and us airways (lcc
) lose at trial, the larger carrier is expected to have to craft a new plan or reorganization and poll its creditors on their support before it can emerge.
amr said it expects to increase its fourth-quarter capacity by 3.5% year-over- year. Much of that growth will come from flying its planes longer distances and by adding new destinations in latin america and asia. For the full year, capacity is expected to increase just 1.5% compared with all of 2012.
revenue in the third quarter was $6.83 billion, up 6.2% from a year ago and marking the highest quarterly revenue figure in the company's history. Unit revenue, a key metric of the amount of money taken in for each passenger flown a mile, rose 3.4% in the quarter, compared with a year earlier, and also reached a company record. Amr said it filled 84% of its seats. The quarter was the seventh consecutive three-month period in which the company improved its pretax margins.
Why would any investor risk losing all the profits they made in the last 6 months on this stock to lose it possibly after earnings. You never know what the market will do after earnings as everything could be baked in already. I took my profits and will wait and see, then if it looks a go, back in after surge effect is over.
Surprisingly the AEO 2013 projects a significant slowing in the current rates of Wind & Solar Power growth within the next few years. This temporary reduction in Wind & Solar growth rate is due to the apparent uncertainty in State and Federal Government’s future support for these Renewables. The EIA generally projects that current ‘Renewable Power Standards’ and financial subsidies, and low cost natural gas will slow Wind/Solar growth within the next few years; up to about 2030. The combination of further expected technology performance improvements, possible decreased costs and expected increasing retirements of existing fossil fuels power capacity are projected cause a renewed, rapid expansion of Wind & Solar power during the 2030’s.
To minimize future U.S. power generation carbon emissions, shutdown Coal Power capacity should ideally be displaced by zero/low carbon Renewable or Nuclear Power. Since Nuclear is politically unpopular due to safety concerns, Coal Power should be initially displaced by the recently most successful and cost effective Renewables, Wind & Solar Power; followed by a much smaller expansion of Natural Gas Power and possibly Nuclear Power.
Projected Impacts of Reducing Coal Power and Expanding Renewable Power – Displacing up to 80% of Coal Power with Wind/Solar Power faces two major hurdles: 1) feasible new-annual generation construction rates, and 2) maintaining adequate baseload and reserve power to enable substantially increasing these variable, non-dispatchable power generation sources. Based on analysis of past and future projected Renewable Power studies an aggressive, but still feasible expansion of Wind+Solar Power would be to increase these Renewable Power sources up to a total penetration level of 30% (annual net generation). To achieve a 30% penetration level by 2040 requires expanding Wind+Solar Power capacity by an annual average of 8% or adding about 17 GW per year (average) 2015-2040; well over double recent year’s historic expansion rates. This total Wind+Solar Renewable Power expansion rate is very similar to the RNEL 80% RE projection case. Also based on analysis of total Electric Power mixes, limiting variable Wind+Solar Power generation to a 30% penetration level appears to be reasonable based on current and future projected power grid baseloads/reserves, and, feasible power grid performance upgrades. Required Power Grid performance upgrades largely include locating new Wind and Solar Power capacity in the most ideal locations around the country, which could increase average Wind+Solar capacity factors up to about 35%. Maximizing Wind & Solar generation capacity factors, also requires a huge expansion of future power transmission lines and associated infrastructures in order to optimize integrating variable power supplies into existing Power Grids.
Here we go again. Crude prices drop as big oil sees solar as a threat just like 6 years ago. Congress again listening to the oil lobby about cutting solar subsidies. BIG MONEY talks again..BIG OIL