Category: Budgets and Budgeting

F.A.A. Outage Highlights Fragility of the Aviation System

The New York Times – Travel:
The Federal Aviation Administration halted flights Wednesday morning after a system to alert pilots to safety issues went down, just two weeks after a major Southwest Airlines meltdown.
The U.S. May Finally Breach the Debt Ceiling. Here’s Why That Would Be Very Bad.

The New York Times – Business:
If Congress fails to increase the government’s borrowing limit in time, the result would be a shock to the economy and financial markets.
At German Christmas Markets, Smiles Shine Bright but Budgets Are Tight

The New York Times – Business:
In Nuremberg, the stalls are open without Covid restrictions, and big crowds are returning to sip mulled wine and socialize. But amid economic uncertainty, visitors are spending less.
Airbnb Will Make Cleaning Fees More Transparent for Travelers

The New York Times – Travel:
Cleaning fees and checkout requirements, often hidden until checkout, have been a source of frustration for users. The company said it was changing its policy to include them earlier in a search.
CNN Cuts Back on Original Series and Films

The New York Times – Business:
Acquired and commissioned documentary movies and TV shows like ‘Navalny’ and ‘Stanley Tucci: Searching for Italy’ are going away.
CNN to Cut Costs Before End of Year

The New York Times – Business:
“These changes will not be easy, because it will affect people, budgets and projects,” Chris Licht, the head of CNN, told staff members.
As Inflation Stalks Europe, Leaders Shudder

The New York Times – Business:
The downfall of Britain’s prime minister served as a warning to all of the political peril that awaits those who fail to address the erosion of living standards, no matter the cause.
Britain Scales Back Foreign Aid, Threatening Progress in Global Health

The New York Times – Business:
The nation is often the second-largest donor to groups working in poor countries to prevent and treat infectious diseases, and to provide reproductive health services to women.
Liz Truss’s New Economic Agenda Looks a Lot Like the Labour’s

The New York Times – Business:
After a blowback over her budget-busting tax cuts, Britain’s prime minister has junked her free-market plans and adopted several measures favored by Labour.
Amid Inflation, Retailers Brace for Strapped Holiday Shoppers

The New York Times – Business:
Retailers have navigated pandemic closures and supply chain snarls in recent years. But dealing with the fallout from inflation could be an even tougher test.
U.K. Markets Slump Despite Kwasi Kwarteng’s Ouster

The New York Times – Business:
Kwasi Kwarteng, the chancellor of the Exchequer, was fired on Friday by Prime Minister Liz Truss in a bid to end weeks of market turmoil.
Liz Truss Stirs Uncertainty Over the U.K.’s Economic Plans

The New York Times – Business:
Prime Minister Liz Truss appeared to rule out cuts in public spending, as doubts about the fiscal soundness of the government’s program continued to roil the markets.