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• Feds go forward with NYC airport experiment
... takeoff and landing "slots" at the three major New York-area airports: John F. Kennedy, LaGuardia, and Newark-Liberty. Roughly two-thirds of flight delays around the country are caused by backups at those airports. Peters is adamant that auctions are ...
• Treasury, Fed pledge rapid response to crisis
Banks have a chance to bid on a slice of the cash loans at Fed auctions. The Fed also said it will begin paying interest on commercial banks’ reserves, another way to expand the Fed’s resources to battle the worst credit crisis in decades. Congress ...
• Stocks waver on Fed’s corporate debt plan
The loans — part of an effort to ease intensifying credit stresses — are made available to banks through auctions. The Fed, in coordination with other countries' central banks engaged in similar efforts, laid out dates that it will conduct the ...
• Rush is on to hire companies to manage bailout
The notices only say that "reverse auctions and other market mechanisms" will likely be used. "The more vague they are, the less predictable the outcome will be in terms of price, schedule and value for money," Schooner said. Federal Reserve Chairman ...
• Crazy new airline stunts
Even though when the auctions closed a few days later, a flood of bidders had driven the prices way up, JetBlue spokesperson Alison Eshelman said the venture was a success. JetBlue got to introduce the airline to a new potential customer base—eBay ...