- Newsmaker: Newsmaker: Airline Industry in a Tailspin
After US Airways declared bankruptcy on Sunday, airline stocks took a dive in yesterday-s market. Today, the world-s largest carrier, American Airlines, announced plans to retire aircraft, reduce flights and cut 7,000 jobs. Dan Kasper, who served on the National Airline Commission during the Clinton years, considers the problem that-s plaguing all major carriers.
- Reporter's Notebook: ImClone-s Failure to Get FDA Approval
Sam Waksal, founder and former CEO of ImClone, has pleaded innocent to 13 counts of securities fraud and other charges. Martha Stewart may be in trouble, too. But more than a financial scandal with celebrity involvement, ImClone-s is a story about America-s process for approving drugs, including Erbitux, a potentially powerful weapon in the war on cancer. Stacey Schultz has been following the story for US News and World Report.
FROM THIS EPISODE
Although Iraq-s rejection of renewed UN weapons inspections could strengthen President Bush-s argument against Saddam Hussein, is America ready for war? Is Iraq ready for democracy? Last weekend, Vice President Cheney and Secretaries Rumsfeld and Powell met with leading Iraqi dissident groups to reassure the international community that Saddam can be overthrown and replaced without plunging Iraq and the Middle East into continuing turmoil. But the Iraqi opposition is notoriously fragmented, and it-s unclear whether America-s past record gives it the credibility to hold them together. We hear more from the spokesman for Iraq-s leading opposition group, a former US ambassador to NATO, Pulitzer Prize-winning syndicated columnist Charles Krauthammer and a former UN official for the Oil-for-Food Program in Iraq.