Bloomberg The federal government ordered airlines accepting financial aid to maintain minimal service levels to cities they served before the Covid-19 pandemic ravaged the transportation system, but made adjustments for low-cost carriers and those that fly to some destinations only part of the year. The US Department of Transportation eased some requirements it made in a proposal after airlines and ...

Just what kind of economic slump will this be? It’s too early to know, but it’s not too early to speculate. I’ve done a totally unscientific survey of economic forecasts. Some were solicited by me; others I received from regular emails. What follows is a quick summary of what I found. It doesn’t attempt to forecast peak unemployment or the ...

We are seeing glimmers of light at the end of the tunnel that is the Covid-19 crisis. China, where the pandemic first struck, had its first day with no new deaths to report. Europe’s worst hit countries, Italy and Spain, are recording a slowing of their respective death tolls. And governments are now talking openly about lifting draconian lockdowns that ...