Setting valuations aside, the true test of long term profitability is whether operators have made a permanent transition from price-taker to price-maker . The “airlines had a bad century” argument assumes that pricing power improves at a faster rate than a consumer’s ability to identify and exploit systemic weaknesses.
Category: Economics News
‘Dance Moms’ Abby Lee Miller Gets 11th-Hour Reprieve In Fraud Case Sentencing
EXCLUSIVE: The prospect that Abby Lee Miller might actually end up behind bars for fraud dominated a lot of the Season 7 finale of Dance Moms last night, but today the host got a bit of breathing room. With less than 48 hours to go before Miller faced sentencing as part of a guilty plea that could see her go to jail for 2 1/2 years, Pittsburgh-based Judge Joy Flowers Conti pushed the hearing off the schedule.
50 Cent to sue his former lawyers after losing sex tape case
Leviston successfully sued the New York rapper in July 2015, after a judge ordered 50 Cent – real name Curtis Jackson – to pay her $5 million after he leaked a sex tape of her and her partner online. As a result of that case, Jackson was forced to file for bankruptcy – a decision that the rapper is now blaming on his former lawyers.
Tech headlines: Avaya bankruptcy; Zuckerberg land grab; Sundance…
Avaya, the company that acquired many of Nortel’s assets when that tech giant went bankrupt, has itself declared Chapter 11. “Avaya has gone down this path to formally restructure its balance sheet so that it can better position itself in the long term, according to the vendor. The company got to this point from taking on debt after major acquisitions in the last decade highlighted by the Nortel deal,” reports Computer Dealer News.
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After a long and much-criticized search, the US Army has chosen Sig Sauer to produce its next generation of handgun, eventually replacing the current standard issue sidearm, the Beretta M9 pistol. “Following a thorough operational test, fielding of the modular handgun is expected to begin in 2017,” the Army said in a statement announcing the decision Thursday.
Prosecutor: Dance Mom should be imprisoned for fraud
A prosecutor on Friday urged a federal judge to sentence “Dance Moms” star Abby Lee Miller to prison instead of probation for bankruptcy fraud. Assistant U.S. Attorney Gregory Melucci called witnesses to buttress his contention that the reality TV show star tried to avoid repaying hundreds of thousands of dollars in debt by hiding about $775,000 in income from a bankruptcy court.
The Latest: Sentencing hearing begins for ‘Dance Moms’ star
In this June 27, 2016, file photo, “Dance Moms” star Abby Lee Miller leaves federal court after pleading guilty in Pittsburgh to bankruptcy fraud and failing to report thousands of dollars in Australian currency she brought into the country. Miller is scheduled to appear in federal court in Pittsburgh on Friday, Jan. 20, 2017, for the start of her sentencing hearing in her bankruptcy fraud case.
a oeDance Momsa Abby Lee Miller accused of bankruptcy fraud
“Dance Moms” reality TV star Abby Lee Miller is scheduled to appear in Pittsburgh federal court Friday for the start of her sentencing hearing in her bankruptcy fraud case. The two-day hearing won’t wrap up until Feb. 24. It was scheduled so numerous witnesses could address a key question: Did Miller intend to cheat her creditors when she hid $775,000 in income from a bankruptcy court.
a Dance Momsa star to be sentenced in fraud case
A federal judge will decide if “Dance Moms” reality TV star Abby Lee Miller should be sentenced to prison or probation for concealing hundreds of thousands of dollars’ worth of income during her Chapter 11 bankruptcy. Federal prosecutors say Miller meant to hide $775,000 in income and are asking for a prison sentence of up to 30 months.
Forfeiture request served to ‘Dance Mom’ Abby Lee Miller
Federal prosecutors in Pittsburgh, Pa. want “Dance Moms” star Abby Lee Miller to forfeit $120,000 worth of Australian currency she brought into the country without reporting it.