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Facebook Twitter WhatsApp SMS Email Print Copy article link Save DALLAS — Delta and United became the most profitable U.S. airlines by targeting premium customers while also winning back a significant share of travelers on a tight budget. That is squeezing smaller low-fare carriers like Spirit Airlines , which recently filed for bankruptcy protection. Some travel-industry experts think Spirit’s troubles indicate that travelers on a budget will be left with fewer choices and higher prices. Other discount airlines are on much better financial footing than Spirit, but they too are lagging far behind the full-service airlines when it comes to recovering from the COVID-19 pandemic . Most industry experts think Frontier Airlines and other so-called ultra-low-cost carriers will fill the vacuum if Spirit shrinks , and that there is still plenty of competition to prevent prices from spiking. 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Atlantic County Sheriff's Office warns of new scam 19 arrested following street operations in Atlantic City $680,000 Atlantic City charter bus purchase mostly covered by state, Small says Holy Spirit overcomes rain, mud, Atlantic City to win Thanksgiving rivalry, clinch WJFL division Chicken Bone Beach foundation to purchase Atlantic City's Dante Hall with NJEDA grant 'Doing the hard work' paying off in Atlantic City's Chelsea neighborhood Vineland gun store accused of selling AR-15 ammunition without asking for identification Sister Jean's Kitchen in Atlantic City to host its first Thanksgiving meal since 2018 3rd Ward meeting tonight on 'Icona in Wonderland' Ocean City hotel plan Even more weed businesses on the way to Atlantic City Mays Landing man busted for meth Spirit Airlines lost more than $2.2 billion since the start of 2020. Frontier has not reported a full-year profit since 2019, though that slump might end this year. Allegiant Air’s parent company is still profitable, but less so than before the pandemic. Those kind of numbers led United Airlines CEO Scott Kirby to declare recently that low-cost carriers were using “a fundamentally flawed business model” and customers hate flying on them. Kirby’s touchdown dance might turn out to be premature, but many analysts are wary about the near-term prospects for budget airlines, which charge cheaper fares but more fees than the big airlines. A traveler speaks with a Spirit Airlines agent May 24 at Hartsfield-Jackson Atlanta International Airport ahead of Memorial Day in Atlanta. Low-cost airlines grew in the last two decades by undercutting big carriers on ticket prices, thanks in large part to lower costs, including hiring younger workers who were paid less than their counterparts at Delta Air Lines, United and American Airlines . Wages soared across the industry in the past two years, however, narrowing that cost advantage. The big airlines rolled out and refined their no-frills, “basic economy” tickets to compete directly with Spirit, Frontier and other budget carriers for the most price-sensitive travelers. The budget airlines became less efficient at using planes and people. As their growth slowed, they wound up with more of both than they needed. In 2019, Spirit planes were in the air an average of 12.3 hours every day. By this summer, the planes spent an average of two more hours each day sitting on the ground, where they don't make money. Spirit's costs per mile jumped 32% between 2019 and 2023. Another issue is that airlines added too many flights. Budget airlines and Southwest Airlines were among the worst offenders, but full-service airlines piled on. To make up for a drop in business travel, the big carriers added more flights on domestic leisure routes. The result: Too many seats on flights into popular tourist destinations such as Florida and Las Vegas, which drove down prices, especially for economy-class tickets. Rows of seats are shown Sept. 26 on a retrofitted Southwest Airlines jet at Love Field in Dallas. Low-cost airlines are responding by following the old adage that if you can't beat them, join them. That means going premium, following the rapidly growing household wealth among upper-income people. The top one-fifth of U.S. households by income added $35 trillion in wealth since 2019 and holds nearly nine times the wealth of the middle fifth, according to the Federal Reserve . Frontier Airlines organized its fares into four bundles in May, with buyers of higher-priced tickets getting extras such as priority boarding, more legroom and checked bags. The airline dropped ticket-change or cancellation fees except for the cheapest bundle. Spirit followed in August with similar changes, blocking middle seats and charging passengers more for the comfort of aisle and window seats. Spirit Airlines CEO Ted Christie received a $3.8 million retention bonus a week before the Florida-based carrier filed for Chapter 11 bankruptcy. Christie will retain the bonus if he remains with the company for another year. The airline's stock has dropped over 90% this year. It has faced challenges including a blocked $3.8 billion merger with JetBlue and failed talks with Frontier. The pandemic disrupted Spirit's operations and travel patterns, reducing its daily aircraft utilization and increasing costs. Demand has shifted to full-service airlines as higher-income travelers vacation more, while inflation impacts lower-income consumers. JetBlue Airways , which began flying more than 20 years ago as a low-cost carrier but with amenities, is digging out from years of steady losses. Under new CEO Joanna Geraghty, the first woman to lead a major U.S. airline, JetBlue is cutting unprofitable routes, bolstering core markets that include the Northeast and Florida, and delaying deliveries of $3 billion worth of new planes. Starting next year, Southwest Airlines will toss out a half-century tradition of “open seating” — passengers picking their own seat after boarding the plane. Executives say extensive surveying showed 80% of customers preferred an assigned seat, and that's especially true with coveted business travelers. More crowded planes also might be pushing passengers to spend more to escape a middle seat in the back of the plane. A Frontier Airlines jet takes off July 5, 2022, from Denver International Airport in Denver. In other parts of the world, budget carriers are doing just fine. They bounced back from the pandemic just like their more highbrow competitors. Some industry experts say low-cost carriers in Asia and Europe have always attracted a more diverse mix of passengers, while in the U.S., affluent and middle-class travelers look down their noses at low-cost carriers. Jamie Baker, an analyst for JPMorgan, says he has many college friends who work in London and fly Irish airline Ryanair all the time, but he hardly knows anyone who has ever been on a Spirit or Frontier plane. A small plane tows a banner April 13, 2016, over Flint Bishop International Airport as part of ceremonies marking Allegiant Air joining the airport. Delta CEO Ed Bastian is less dismissive of the “lower-end carriers” in the U.S. than United's Kirby. "I don’t see that segment ever disappearing,” Bastian said after Spirit’s bankruptcy filing. “I think there’s a market for it.” At the same time, he said the upscale moves by ultra-low-cost carriers are having no effect on his airline. Delta targets upscale travelers but also introduced basic-economy fares a decade ago, when discounters emerged as a growing threat to poach some of Delta's customers. “Just calling yourself a premium carrier and actually being a premium carrier are two totally different things,” Bastian said “It's not the size of the seat or how much room you have; it's the overall experience.” As frequent flyers know, air travel isn't cheap. With the summer months in full swing, demand for air travel is expected to reach record numbers in 2024 as airlines continue to recover after the COVID-19 pandemic. Luckily for those who are looking for ways to save on travel , one way to cut costs on your next vacation may be in finding the right places to fly in and out of. FinanceBuzz looked at average domestic airfares from the 45 busiest airports in the U.S. to learn which airports are best for travelers on a budget, as well as which ones to avoid if you are trying to travel affordably. Overall, the national average airfare cost decreased by 3.1% from 2022 to 2023 when adjusted for inflation (which translates to a 0.9% increase in non-adjusted dollars). The last time inflation-adjusted airfare costs dropped year-over-year was during the start of the COVID-19 pandemic, when it fell 18% between 2019 and 2020. Largely, this is good news for consumers who can spend less on airfare and have more room in their budget for hotels , restaurants, and other travel fees. In addition to earning rewards on airfare, most travel credit cards offer rewards for spending in these areas, which can offset overall vacation costs. Based on Bureau of Transportation Statistics, the above chart shows inflation-adjusted average airline fares over the past 25 years. For this report, we compared domestic airfares from the 45 busiest airports in the U.S. using data published by the U.S. Department of Transportation . Orlando International Airport (MCO) had the lowest airfare cost in the country at $265.58 on average. Home to iconic theme parks like Universal Studios, Sea World, and most notably, Walt Disney World, Orlando is one of America's top tourist destinations. This is welcome news for those bracing for expensive park tickets and food prices at the House of Mouse. Beyond saving with a Disney credit card on park-related purchases, visitors can also maximize savings by using a credit card like the Chase Sapphire Reserve which offers an annual travel credit, or even using a 0% APR credit card if you don't want to pay for your entire vacation at once. Another Florida-based airport, Fort Lauderdale-Hollywood International Airport (FLL), has the second-lowest average airfare cost in the country — tickets here are only about $5 more expensive than Orlando's. Just a few dollars behind FLL is Las Vegas's Harry Reid International (LAS), where fares cost $272.15 on average. LAS is also the last airport on our list where average airfare costs are less than $300. Oakland International Airport (OAK) has the fourth-lowest average airfare costs in the country at $303.79. And the fifth-least expensive airport, Chicago Midway International (MDW), comes in at $308.27. For the third year in a row, Dulles International Airport (IAD) and San Francisco International Airport (SFO) have the two highest average fares in the country. Flights from Dulles cost $488.40 on average in 2023, while flights from San Francisco cost $444.59. Some silver lining for travelers who need to travel through Dulles: IAD is home to some of the best airport lounges in the country, including the recently-opened Capital One Lounge, available to Capital One Venture X or Venture Rewards credit card holders. With free food, drinks, and recharging stations, lounges can be one easy way to offset otherwise-expensive airport costs. Salt Lake City International Airport (SLC) has the third-highest average airfare in the country, with an average cost of $438.34. Last on our top-five list of the most expensive airports are Charlotte Douglas International Airport (CLT) and Detroit Metro Airport (DTW). Average airfare from Charlotte cost $436.80 last year, while flights from Detroit had an average price tag of $427.05. Seattle-Tacoma International Airport (SEA) was the biggest affordability winner over the last year, dropping prices by more than $18 on average. SEA jumped from 36th most-affordable place last year to 28th place this year — an increase of eight spots. Raleigh-Durham International Airport (RDU) and Portland International Airport (PDX) experienced similar jumps, rising by seven spots each. RDU went from 24th place in 2022 to 17th in 2023, while PDX went from 42nd to 35th. Two different airports fell by eight spots in our affordability rankings, tied for the biggest drop of the year. The average fare at Sacramento International Airport (SMF) rose by $18.66 year-over-year, which led SMF to go from 18th in last year's affordability rankings to 26th this year. Prices rose even more at St. Louis Lambert International Airport (STL), going up by $19.64 on average from one year to the next. Consequently, STL fell from 21st to 29th place in terms of affordability. As you plan your travel, you'll find costs can vary widely at a single airport. With a little research and smart planning, you can find a deal at any airport. Here are a few tips to save on airfare: One way to save on airfare is to use airline credit card points , or travel cards, to book your travel. For newer travelers, some welcome bonuses on beginner travel credit cards can be enough to earn you a free flight (or two). As we all know, flights aren't the only expensive part of traveling. Save money on baggage fees by understanding your airlines and prepping for the hidden costs of air travel. We looked at 2023 airfare data released by the U.S. Department of Transportation in May 2024 to compare domestic airfares by origin city. This report calculated average fares based on domestic itinerary fares. "Itinerary fares" consist of round-trip fares, unless only a one-way ticket was purchased. In that case, the one-way fare was used. Fares are based on total ticket value, including the price charged by the airline plus any additional taxes and fees levied at the time of purchase. Fares include only the price paid at booking and do not include fees for optional services like baggage fees. Averages also do not include frequent-flyer or "zero fares" or a few abnormally high reported fares. This stor y was produced by FinanceBuzz and reviewed and distributed by Stacker Media. Stay up-to-date on what's happening Receive the latest in local entertainment news in your inbox weekly!Repealing no-fault divorce has so far stalled across the US. Some worry that'll change
ATLANTA (AP) — Already reeling from their November defeats, Democrats now are grappling with President Joe Biden’s pardoning of his son for federal crimes, with some calling the move misguided and unwise after the party spent years slamming Donald Trump as a threat to democracy who disregarded the law. The president pardoned Hunter Biden late Sunday evening, reversing his previous pledges with a grant of clemency that covers more than a decade of any federal crimes his son might have committed. The 82-year-old president said in a statement that his son’s prosecution on charges of tax evasion and falsifying a federal weapons purchase form were politically motivated. “He believes in the justice system, but he also believes that politics infected the process and led to a miscarriage of justice,” said White House press secretary Karine Jean-Pierre, who along with Biden and other White House officials insisted for months that Hunter Biden would not get a pardon . That explanation did not satisfy some Democrats, angry that Biden’s reversal could make it harder to take on Trump , who has argued that multiple indictments and one conviction against him were a matter of Biden and Democrats turning the justice system against him. “This is a bad precedent that could be abused by later Presidents and will sadly tarnish his reputation,” Colorado Gov. Jared Polis wrote of Biden on the social media platform X. “When you become President, your role is Pater familias of the nation,” the governor continued, a reference to the president invoking fatherhood in explaining his decision. “Hunter brought the legal trouble he faced on himself, and one can sympathize with his struggles while also acknowledging that no one is above the law, not a President and not a President’s son.” Rep. Greg Stanton, D-Ariz., said on X: “This wasn’t a politically motivated prosecution. Hunter committed felonies and was convicted by a jury of his peers.” Colorado Sen. Michael Bennet said Biden “put personal interest ahead of duty” with a decision that “further erodes Americans’ faith that the justice system is fair and equal for all.” Michigan Sen. Gary Peters said the pardon was “an improper use of power” that erodes faith in government and “emboldens others to bend justice to suit their interests.” Sen. Peter Welch, D-Vt., called the pardon “understandable” if viewed only as the “action of a loving father.” But Biden's status as “our nation's Chief Executive," the senator said, rendered the move “unwise.” Certainly, the president has Democratic defenders who note Trump’s use of presidential power to pardon a slew of his convicted aides, associates and friends, several for activities tied to Trump’s campaign and first administration. “Trump pardoned Roger Stone, Steve Bannon, Michael Flynn and Paul Manafort, as well as his son-in-law’s father, Charles Kushner — who he just appointed US ambassador to France,” wrote prominent Democratic fundraiser Jon Cooper on X. Democratic National Committee Chairman Jaime Harrison said there “is no standard for Donald Trump, and the highest standard for Democrats and Joe Biden.” Harrison pointed to Trump's apparent plans to oust FBI Director Christopher Wray and replace him with loyalist Kash Patel and suggested the GOP's pursuit of Hunter Biden would not have ended without clemency. “Most people will see that Joe Biden did what was right,” Harrison said. First lady Jill Biden said Monday from the White House, “Of course I support the pardon of my son.” Democrats already are facing the prospects of a Republican trifecta in Washington, with voters returning Trump to the White House and giving the GOP control of the House and Senate. Part of their argument against Trump and Republican leaders is expected to be that the president-elect is violating norms with his talk of taking retribution against his enemies. Before beating Vice President Kamala Harris, Trump faced his own legal troubles, including two cases that stemmed from his efforts to overturn his defeat to Joe Biden in the 2020 presidential election. Those cases, including Trump’s sentencing after being convicted on New York state business fraud charges, have either been dismissed or indefinitely delayed since Trump’s victory on Nov. 5, forcing Democrats to recalibrate their approach to the president-elect. In June, President Biden firmly ruled out a pardon or commutation for his son, telling reporters as his son faced trial in the Delaware gun case: “I abide by the jury decision. I will do that and I will not pardon him.” As recently as Nov. 8, days after Trump’s victory, Jean-Pierre ruled out a pardon or clemency for the younger Biden, saying: “We’ve been asked that question multiple times. Our answer stands, which is no.” The president’s about-face came weeks before Hunter Biden was set to receive his punishment after his trial conviction in the gun case and guilty plea on tax charges. It capped a long-running legal saga for the younger Biden, who disclosed he was under federal investigation in December 2020 — a month after his father’s 2020 victory. The sweeping pardon covers not just the gun and tax offenses against the younger Biden, but also any other “offenses against the United States which he has committed or may have committed or taken part in during the period from January 1, 2014, through December 1, 2024.” Hunter Biden was convicted in June in Delaware federal court of three felonies for purchasing a gun in 2018 when , prosecutors said, he lied on a federal form by claiming he was not illegally using or addicted to drugs. He had been set to stand trial in September in a California case accusing him of failing to pay at least $1.4 million in taxes. But he agreed to plead guilty to misdemeanor and felony charges in a surprise move hours after jury selection was set to begin. In his statement Sunday, the president argued that such offenses typically are not prosecuted with the same vigor as was directed against Hunter Biden. “The charges in his cases came about only after several of my political opponents in Congress instigated them to attack me and oppose my election,” Biden said in his statement. “No reasonable person who looks at the facts of Hunter’s cases can reach any other conclusion than Hunter was singled out only because he is my son. ... I hope Americans will understand why a father and a President would come to this decision.” Associated Press journalists Will Weissert aboard Air Force One and Darlene Superville, Mary Claire Jalonick and Michael Tackett in Washington contributed to this report. Copyright 2024 The Associated Press. All rights reserved. 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Ruud van Nistelrooy ‘disappointed’ and ‘hurt’ after cutting ties with Man UtdAP Trending SummaryBrief at 4:29 p.m. EST
Trump promises to end birthright citizenship: What is it and could he do it?Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 20.63 points, or 0.3%, to 5,969.34. The benchmark index’s 1.7% gain for the week erased most of its loss from last week and is within about 0.5% of its all-time high set last week. The Dow rose 426.16 points, or 1%, to 44,296.51 as it nudged past its most recent high set last week. The Nasdaq composite rose 42.65 points, or 0.2%, closing at 2,406.67. Markets were volatile the past few weeks, losing ground in the runup to elections in November, then surging following Donald Trump’s presidential victory, before falling again. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 12.8% after handily beating analysts’ third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 2.2% after raising its earnings forecast for the year. EchoStar fell 2.8% after DirecTV called off its purchase of that company’s Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 gained ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.2%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company grew to a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.7%. Its quarterly earnings forecast fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.7% after the Supreme Court allowed a multibillion-dollar class-action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, bitcoin hovered around $99,000, according to CoinDesk. It more than doubled this year and first surpassed the $99,000 level Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the largest U.S. retailer, reported a quarter of strong sales and gave an encouraging financial forecast. Target, though, reported weaker earnings than analysts’ expected. Get local news delivered to your inbox!Canadian Prime Minister Justin Trudeau's government on Monday survived a third vote of no confidence in as many months, brought by his main Tory rival. The minority Liberal government got the support of the New Democratic Party (NDP), a small leftist faction once aligned with the ruling Liberals, to defeat the motion 180-152. The text of the proposition echoed NDP leader Jagmeet Singh's own past criticisms of Trudeau since breaking off their partnership in late August, calling him "too weak, too selfish." Neither Singh nor Trudeau were present for the vote. The House of Commons has been deadlocked most of this fall session by an unprecedented two-month filibuster by the Conservatives. But Speaker Greg Fergus, in a rare move, ordered a short break in the deadlock to allow for this and other possible confidence votes, and for lawmakers to vote on a key spending measure. MPs are scheduled to vote Tuesday on the spending package, which includes funds for social services, disaster relief and support for Ukraine. With a 20-point lead in polls, Conservative leader Pierre Poilievre has been itching for an election call since the NDP tore up its coalition agreement with the Liberals. But the NDP and other opposition parties, whose support is needed to bring down the Liberals, have so far refused to side with the Conservatives. Two no-confidence votes brought by the Tories in September and October failed when the NDP and the separatist Bloc Quebecois backed the Liberals. In Canada's Westminster parliamentary system, a ruling party must hold the confidence of the House of Commons, which means maintaining support from a majority of members. The Liberals currently have 153 seats, versus 119 for the Conservatives, 33 for the Bloc Quebecois, and the NDP's 25. Trudeau swept to power in 2015 and has managed to hold on through two elections in 2019 and 2021. amc/bs/bjt
Peter Dutton has been accused of blocking a show of political unity and stopping a Liberal senator from reading out the local Labor MP’s statement in the wake of the Melbourne synagogue firebombing. Macnamara MP Josh Burns, who had physically lost his voice on Friday, appeared alongside Coalition foreign affairs spokesman James Paterson and a number of state and federal Liberals outside the Adass Israel synagogue on Friday, after the early morning terror attack. Mr Burns claims Senator Paterson had agreed to read out his words, but Opposition Leader Peter Dutton intervened. “James agreed to read out a statement from me, because I thought it was really important there be a united front,” Mr Burns told ABC RN Breakfast on Tuesday. “Unfortunately, right before we got on, Peter Dutton intervened and told James that he wasn’t allowed to read out the statement. “Peter Dutton told James that he wasn’t allowed to read out my words. I wanted to stand out with James and present a united front on this, and Peter Dutton decided that it was more important to play partisan games than to allow my words that I physically couldn’t speak to be read out.” Mr Burns’ statement, which labelled the attack a “disgrace and extremely dangerous” was instead ready by the Executive Council of Australian Jewry president Daniel Aghion. Mr Burns on Tuesday said despite having no voice, “I wanted to make sure that my community knew that I was there, and that we do this in a bipartisan way”. “I wanted to show unity,” he told ABC News. “If we’re going to play those sorts of politics, I don’t think it’s in our best interests. I compare that with community leaders who have been working with people avross the Parliament regardless of their political stripes. “I’ll stand up with anyone at this moment... I don’t care. I care about my community.” In response to Mr Burns’ claims, Senator Paterson on Tuesday said that he felt “very sorry that Josh Burns and his community have been abandoned by the Labor Party in the wake of this terror attack”. “But it is not the role of a Liberal frontbencher to act as a spokesman for a Labor MP,” Senator Paterson said. “One of the many senior Albanese Government ministers should have been there to speak if Josh was not able to.” The early morning attack was on Monday deemed a likely terror incident. Prime Minister Anthony Albanese has also stood up a federal taskforce, led by the Australian Federal Police and ASIO, to combat anti-Semitism. The Coalition have slammed Mr Albanese for not yet having visited the synagogue site - although he is expected to do so this week, potentially on Tuesday. Senator Paterson earlier told the ABC Melbourne’s Jewish community were “disappointed” in the lack of leadership shown by the entire Labor cabinet. “I think it is strange that we’re now five days on from this happening and the Prime Minister still hasn’t attended and nor has any senior national security minister of the government, not the Home Affairs Minister (Tony Burke), not the Attorney-General (Mark Dreyfus),” he said. The latest development in the politicking came after one of the world’s most prominent Jewish human rights organisations prepares to issue a global warning against travel to Australia. The Simon Wiesenthal Centre in the United States reached out to community members through social media in the wake of the Ripponlea attack to say: “Arsonists burned a Melbourne synagogue, built by Holocaust survivors, injuring Jews and damaging sacred religious items”. “Jews were trapped inside a Sydney synagogue by Hamas supporters, and a Jewish bakery in Melbourne was targeted by antisemites,” the organisation said, referencing other incidents that occured within days of the Melbourne terror attack. “These attacks coincide with Australia’s vote at the UN supporting an anti-Israel resolution calling for Israel to leave parts of Jerusalem and the West Bank — an action that would leave the Jewish state with indefensible borders.”
Is Enron back? If it's a joke, some former employees aren't laughingHOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. What happened at Enron? Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company's collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were eventually convicted for their roles in the fraud. Enron founder Key Lay’s convictions were vacated after he died of heart disease following his 2006 trial. Is Enron coming back? On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Enron's new website features a company store, where various items featuring the brand's tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that "We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company's website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. What do former Enron employees think of the company’s return? Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. ___ Follow Juan A. Lozano on X at https://x.com/juanlozano70 Juan A. Lozano, The Associated PressLawyer says ex-Temple basketball standout Hysier Miller met with NCAA for hours amid gambling probe
Donald Trump's lawyers urge judge to quash his hush money convictionCCAR_McKie 10 pass from Vasko (Hensley kick), 8:15. GAST_FG Rickman 28, 14:07. GAST_Brock 19 run (Rickman kick), 8:38. CCAR_Courtney 5 pass from Vasko (Hensley kick), 4:16. CCAR_FG Hensley 43, :01. CCAR_C.Washington 18 run (Hensley kick), 10:56. GAST_FG Rickman 30, 7:06. CCAR_McKie 31 pass from Vasko (Hensley kick), 2:44. GAST_Brock 1 run (pass failed), :25. CCAR_Vasko 10 run (Hensley kick), 9:50. CCAR_FG Hensley 23, 8:33. CCAR_Fletcher 39 interception return (Hensley kick), 7:13. GAST_Fleming 6 pass from Lowe (Hurst pass from Lowe), 4:36. RUSHING_Coastal Carolina, Washington 20-124, Vasko 13-68, Bennett 8-43, Price 5-26, Lloyd 3-10, Taylor 1-5, Duplessis 1-1, (Team) 2-(minus 2). Georgia St., Brock 14-71, Veilleux 11-62, Lowe 3-47, Dukes 2-11, Beasley 3-11. PASSING_Coastal Carolina, Vasko 13-17-1-200, (Team) 0-1-0-0, Duplessis 0-1-1-0, Kim 0-1-0-0. Georgia St., Veilleux 15-26-4-205, Lowe 2-6-0-21. RECEIVING_Coastal Carolina, McKie 5-81, Tucker 3-31, Karr 2-35, Duplessis 1-41, Berrong 1-7, Courtney 1-5. Georgia St., Hurst 8-131, Dukes 3-15, Riles 2-26, Fleming 2-18, Brock 1-21, Milton 1-15. MISSED FIELD GOALS_None.