Korean Air makes airline’s biggest-ever Boeing jet order amid Trump-Lee summit

PUBLISHED MON, AUG 25 20256:59 PM EDTUPDATED MON, AUG 25 202510:00 PM EDT

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Korean Air announced a $50 billion order on Monday for 103 Boeing

airplanes and GE Aerospace

engines and servicing, coinciding with the visit of South Korean President Lee Jae Myung to Washington.

The order, the largest in the Korean air carrier’s history, includes a mix of 787s, 777s and 737 Boeing airplanes worth about $36.5 billion.

Reuters first reported the deal earlier Monday.

Korean Air also announced a separate deal Monday with GE on the purchase and maintenance of engines valued at $13.7 billion.

Many countries negotiating trade deals with the Trump administration have announced or plan to announce significant Boeing airplane orders. Boeing has won a string of major orders in recent months.

Korean Air CEO Cho Won-tae, who recently visited one of Boeing’s U.S. factories, told Reuters Monday the record-breaking order will help the largest Korean airline expand to more U.S., Latin American and South American destinations.

Cho said about half of the new order of 103 planes would be 737 MAX 10 planes and the rest would be a mix of 777-9 and 787 airplanes.About 80% of the new Boeing planes would replace existing airplanes in the fleet.

He said the company had faith in Boeing despite prior troubles the planemaker experienced.

The Boeing deal is worth $36.2 billion, South Korea’s industry ministry said, in addition to the GE deal.

Boeing said the deal would help Korean Air fully integrate operations with Asiana Airlines, a subsidiary of South Korea’s largest airline it acquired last year.

“As Korean Air transitions to a larger unified carrier, we are committed to supporting the airline’s growth with one of the world’s most efficient fleets,” said Stephanie Pope, president and CEO of Boeing Commercial Airplanes.

Commerce Secretary Howard Lutnick told Reuters the major Boeing and GE deal would boost U.S. aerospace exports.

“The world recognizes that our aircraft are the most advanced in the world, and this administration is committed to reshoring advanced manufacturing jobs for Americans,” Lutnick said.

In March, South Korea’s industry ministry said Korean Air said it would soon finalize a $32.7 billion deal for new Boeing and GE engines.Korean Air last year said it would order 20 777-9 and 20 787-10 planes from Boeing, with options for an additional 10 aircraft. The new order is separate from that purchase.

Korean Air, a founding member of the SkyTeam airline alliance, was established in 1969 when state-owned Korean Air Lines was taken over by South Korean conglomerate Hanjin Kal.

https://www.cnbc.com/2025/08/25/korean-air-announces-an-order-for-103-boeing-airplanes-amid-trump-lee-summit-.html

Korean Air Commits to Record Purchase of 103 Boeing Jets to Modernize Fleet

• South Korea's flag carrier intends to buy 777-9s, 787-10s, 737-10s and 777-8 Freighters to optimize fuel-efficiency across global network

• Commitment will be the largest for the airline, adding to its March 2025 order for 40 Boeing widebody jets

(opens in a new tab) (opens in a new tab) (opens in a new tab)

WASHINGTON, Aug. 25, 2025 /PRNewswire(opens in a new tab)/ – Boeing [NYSE:BA] and Korean Air announced today the airline's intent to purchase 103 of Boeing's fuel-efficient family of airplanes to modernize its fleet and support the carrier's growth as it fully integrates operations with Asiana Airlines over the next several years.

Korean Air's commitment will be the airline's largest-ever order and Boeing's largest widebody order from an Asian carrier. When finalized, the deal will mark Korean Air's first order for the 777-8F and will support an estimated 135,000 jobs across the United States. The order will be posted to Boeing's Orders & Deliveries website once it is completed and includes:

20 777-9s

25 787-10s

50 737-10s

8 777-8 Freighters

"This agreement with our long-standing partners, Boeing and GE, marks a pivotal moment for Korean Air," said Walter Cho, chairman and CEO of Korean Air. "Acquiring these next-generation aircraft is the core of our fleet modernization strategy, delivering significant gains in fuel efficiency and enhancing the passenger experience across our global network. This investment is also a critical enabler for our future as a merged airline with Asiana, to ensure that our combined carrier is one of the most competitive airlines in the industry."

Today's agreement was signed during the Korea-U.S. Business Roundtable "Partnership for a Manufacturing Renaissance," and presided over by Howard Lutnick, U.S. Secretary of Commerce and Kim Jung-kwan, South Korea's Minister of Trade, Industry and Energy (MOTIE).

Korean Air's orders and commitments for Boeing airplanes in 2025 surpasses 150 units, following the airline's incremental order in March(opens in a new tab) for 20 777-9s and 20 787-10s.

"We are honored to strengthen our partnership with Korean Air through this landmark agreement, which reflects the value and capabilities of Boeing's market-leading airplane family," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "As Korean Air transitions to a larger unified carrier, we are committed to supporting the airline's growth with one of the world's most efficient fleets."

Key facts:

The 777-9 can seat 426 passengers in a two-class configuration with a range of 13,510 km (7,295 nautical miles) and will reduce fuel use and emissions by 20% compared to the airplanes it will replace.

The 787-10 can carry up to 336 passengers with a range of 11,730 km (6,330 nautical miles).

The 737-10, the largest model in the 737 MAX family, can carry as many as 230 passengers with a range of up to 5,740 km (3,100 nautical miles), while reducing fuel use and emissions by 20% compared to the airplanes it replaces. The airplane's efficiency and flexibility will enable Korean Air to serve more passengers on more routes with the lowest cost per seat of any single-aisle airplane.

The 777-8 Freighter will be the world's largest and most capable twin-engine freighter, offering the highest payload and lowest operating cost per tonne of any large freighter and 30% better fuel efficiency and emissions than the airplanes it will replace.

Korean Air currently operates 108 Boeing airplanes including 737s, 747s, 777s and 787s. With 72 Boeing jets on order; the carrier's order book will grow to 175 airplanes once the deal is finalized.

Korean Air's Aerospace Division supplies components for the 787 Dreamliner, including its unique raked wingtip, and produces parts for Boeing's 737 MAX, 767 and 777 family of airplanes.

A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.

SOURCE Boeing

https://boeing.mediaroom.com/2025-08-25-Korean-Air-Commits-to-Record-Purchase-of-103-Boeing-Jets-to-Modernize-Fleet

Korea Inc pledges $150 bn US investment; KAL buys new planes, Samsung, Hyundai Motor vow extra spending 1/3

Korean firms signed 11 MOUs in various sectors, including in ship MRO, nuclear fuel, SMR and LNG projects

WASHINGTON, D.C. – South Korea’s biggest conglomerates have committed $150 billion in fresh investment in the US in a sweeping package that spans semiconductors, shipbuilding, batteries and strategic minerals. Their pledges further cement Seoul’s efforts to anchor a new industrial and technology alliance with Washington.

The announcement was made on Monday at a White House business roundtable following a bilateral summit between Korean President Lee Jae Myung and US President Donald Trump.

A delegation of 16 top Korean business leaders, including the Big Four — Samsung Electronics Co. Chairman Jay Y. Lee, SK Group Chairman Chey Tae-won, Hyundai Motor Co. Chairman Chung Euisun and LG Group Chairman Koo Kwang-mo — participated in the roundtable.

Other major Korean participants were HD Hyundai Co. Vice Chairman Chung Ki-sun; Hanjin Group Chairman Cho Won-tae; Doosan Enerbility Co. Chairman Park Gee-won; Celltrion Inc. Chairman Seo Jung-jin; CJ Group Chairman Lee Jae-hyun; GS Group Chairman Huh Tae-soo; LS Group Chairman Koo Ja-eun; Korea Zinc Inc. Chairman Choi Yun-birm; Naver Corp. CEO Choi Soo-yeon; and Federation of Korean Industries (FKI) Chairman Ryu Jin.

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They were met by an equally heavyweight US roster, with Nvidia Corp. Chief Executive Jensen Huang, Carlyle Group Co-Chairman David Rubenstein, Stephanie Pope from Boeing and Sameer Samat from Google, and senior executives from Lockheed Martin and General Motors among the 21 US executives at the table.

Korean President Lee, in a keynote speech, invoked the US Navy’s role in the Korean War 75 years ago as a model for the latest Seoul-Washington cooperation.

He vowed to pursue a “Make American Shipbuilding Great Again (MASGA)” project, saying that Korea’s shipyards will partner with US companies to rebuild its maritime capacity.

SAMSUNG, HYUNDAI MOTOR, LG VOW EXTRA INVESTMENTS

The investment pledges cover several advanced industries, including semiconductors, artificial intelligence and biotech, as well as strategic sectors such as shipbuilding, nuclear power and defense.

Pic

Delegates also focused on strengthening automotive and battery supply chains and securing critical minerals, moves that align with Trump’s drive to onshore production in key industries.

Samsung Chairman Lee and SK’s Chey intensely discussed cooperation on semiconductors and AI with Nvidia CEO Hwang.

Their talks were focused on high-bandwidth memory (HBM) chips — key components in the AI ​​semiconductor industry, sources said.

Samsung, the world’s top memory chipmaker, committed to expanding its $37 billion semiconductor foundry in Taylor, Texas, with additional capacity and deeper collaboration with US chipmakers.

SK Hynix Inc. confirmed its already announced $3.87 billion project to build a next-generation chip packaging plant for HBM chips in Indiana, while LG pledged further investment in batteries and home appliances.

Pic

Hyundai Motor added $5 billion to a previously announced $21 billion plan, boosting its total US commitment to $26 billion.

https://www.kedglobal.com/business-politics/newsView/ked202508260003

>>23510599

2/3

Hyundai’s projects include a steel plant in Louisiana producing low-carbon plates for cars, expanded EV and hybrid production capacity, and a robotics hub.

“This establishes a full value chain in the US, from steel to finished vehicles,” the company said.

KOREAN AIR UNVEILS SINGLE LARGEST DEAL

Korean Air Lines Co., led by Hanjin Group Chairman Cho, unveiled the largest single deal of the summit: a 70 trillion won ($50 billion) package with Boeing and GE Aerospace.

The deal covers 103 next-generation Boeing aircraft worth $36.2 billion, with deliveries running through 2030, 19 spare engines and a 20-year maintenance contract with GE worth $13.69 billion.

Pic

Korean Air is also collaborating with other US aviation companies, including Pratt & Whitney, General Electric, Hamilton Sundstrand and Honeywell.

“As Korea’s flag carrier, we will contribute to strengthening the friendly relationship between our two countries through continued investment in the US,” said a Korean Air official.

EYE-CATCHING COMMITMENTS IN NUCLEAR POWER, SMR PROJECTS

Korean industrial heavyweights sealed a series of agreements with US partners ranging from nuclear energy to shipbuilding and critical minerals.

Seoul’s trade ministry said the Korean delegation inked a total of 11 MOUs across five sectors: nuclear, shipbuilding, aerospace, LNG and critical minerals.

The most eye-catching commitments came in nuclear power, with four agreements that analysts said mark Seoul’s full-scale entry into the global small modular reactor (SMR) and nuclear fuel markets.

Pic

Korea’s state-run Korea Hydro & Nuclear Power Co. (KHNP) and Doosan Enerbility joined forces with US startup X-energy and Amazon Web Services (AWS) to cooperate across the SMR lifecycle, from design and construction to operations and supply chains.

https://www.kedglobal.com/business-politics/newsView/ked202508260003

>>23510639

3/3

Amazon, which is seeking new clean energy sources to power its data centers, plans to deploy more than 60 units of X-energy’s next-generation “Xe-100” reactors in the US by 2039, with a combined capacity exceeding 5 GW.

KHNP officials said the deal provides a launchpad to enter the US SMR market.

Doosan also struck an agreement with Texas-based developer Fermi America to supply equipment for its “AI Campus Project," billed as the US’ largest integrated energy infrastructure plan.

Chip pic

The multi-billion-dollar complex envisages 11 GW of capacity from four full-scale reactors, SMRs, gas-fired units and solar power facilities.

KHNP and Samsung C&T Corp. will join in the project's construction, underscoring Korean businesses’ growing role in the US’ energy build-out.

Separately, KHNP and US nuclear fuel supplier Centrus Energy Corp. signed an MOU covering joint investment in enrichment facilities and long-term supply of enriched uranium, including high-assay low-enriched uranium (HALEU), vital for advanced reactors.

POSCO International Corp. will invest in the KHNP-Centrus project to secure HALEU.

SHIPBUILDING, MRO

In shipbuilding, HD Hyundai and state-run Korea Development Bank agreed with US private equity group Cerberus Capital Management to establish a multibillion-dollar fund for investment in US maritime projects.

Samsung Heavy Industries Co. signed with Oregon-based Vigor Marine Group to modernize US Navy support facilities; share maintenance, repair and overhaul (MRO) services; and co-develop vessels.

Pic

An MRO specialist, Vigor Marine operates eight docks across five US shipyards.

In energy and resources, Korea Gas Corp.signed a 10-year contract with Trafigura and other US LNG suppliers to import 3.3 million tons of natural gas annually from 2028.

Korea Zinc signed an MOU to supply germanium to Lockheed Martin under a long-term contract starting in 2028, when the Korean smelter launches commercial production of the critical metal.

Seoul officials hailed the deal as the “first success story in Korea-US cooperation on critical minerals."

Meanwhile, LS Group committed $3 billion to expand undersea cable and power equipment manufacturing in the US.

“The synergies are clear: US technological leadership paired with Korean manufacturing competitiveness,” said a Seoul-based industry executive. “What we are seeing is the foundation of a Korea-US economic-security alliance that goes far beyond semiconductors.”

Write to Sang-eun Lucia Lee, Jeong-Soo Hwang and Jung-Eun Shin at selee@hankyung.com

In-Soo Nam edited this article

(https://www.kedglobal.com/business-politics/newsView/ked202508260003

POLITICS

Trump Pentagon weighing equity stakes in defense contractors like Lockheed, says Lutnick

PUBLISHED TUE, AUG 26 20258:20 AM EDTUPDATED 47 MIN AGO

KEY POINTS

• Trump administration military leaders are “thinking about” whether the U.S. should acquire equity stakes in top defense contractors, Commerce Secretary Howard Lutnick said.

• Lockheed Martin, which makes most of its revenue from federal contracts, is “basically an arm of the U.S. government,” he said.

• Lutnick’s remarks on CNBC’s “Squawk Box” came days after the U.S. government acquired 10% of Intel stock in a roughly $9 billion deal.

==Top officials at the Pentagon are “thinking about” whether the U.S. should acquire equity stakes in leading defense contractors such as Lockheed Martin

, Commerce Secretary Howard Lutnick said Tuesday==.

The Cabinet secretary, in an interview on CNBC’s “Squawk Box,” revealed the Defense Department’s interest in taking those stakes days after the U.S. government acquired 10% of Intel

stock in a roughly $9 billion deal.

Lutnick was asked if the Trump administration would repeat that move with other companies that do business with the government.

“Oh there’s a monstrous discussion about defense,” Lutnick replied.

Lockheed, which makes most of its revenue from federal contracts, is “basically an arm of the U.S. government,” he said.

“But what’s the economics of that? I’m going to leave that to my Secretary of Defense and the deputy Secretary of Defense.”

“These guys are on it and they’re thinking about it,” he said.

https://www.cnbc.com/2025/08/26/trump-pentagon-equity-stakes-in-defense-contractors.html

Short-term Treasury yields fall, while long-term yields rise after Trump orders removal of Fed’s Cook

The U.S. Treasury yield curve steepened withshort-term yields falling and long-term yields risingafter U.S. President Donald Trump moved to fire Federal Reserve Governor Lisa Cook from the central bank’s board.

The 2-year yield was more than 3 basis points lower at 3.698%. The 10-year Treasury yield traded more than 1 basis point higher at 4.289%, and the 30-year yield added more than 4 basis points to 4.937%. One basis point is equal to 0.01% and yields and prices move in opposite directions.

Investors bet on lower rates in the near future, but higher rates over the long-termafter Trump chipped away at the Fed’s independence by announcing the removal of Cook from her position via a post on his platform, Truth Social.

The president cited allegations by Federal Housing Finance Agency Director Bill Pulte that Cook made false statements on one or more of her mortgage agreements.

Cook said in a statement Monday evening, “President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so.” Cook, who is the first Black woman to become a Fed Governor, said: “I will not resign” and that she will continue to serve in her role.

“The President is going to remake the Board Governors of the Federal Reserve over the next year, and he’s doing so in very unconventional ways– we’ve had a resignation and now a termination, opening the door to accelerate this change,” said Jamie Cox, managing partner at Harris Financial Group. “Trump has essentially usurped the Fed’s forward guidance function for the time being and telling markets lower rates are coming, which is being manifest in a steeper yield curve, with short term treasuries dropping like a rock.”

And so investors bet perhaps the Fed would be less attentive to inflation in the future, making ownership of long-term bonds less favorable and sending those rates lower. The U.S. dollar declined vs. various currencies for a similar reason.

Investors also parsed through a raft of economic reports on Tuesday.July’s U.S. durable goods orders reading was better than economists polled by Dow Jones had expected. Consumer confidence data for August also came in stronger than expected.

They will now look to the personal consumption expenditures price index, the Fed’s preferred inflation gauge, later in the week for clues as to whether inflation is in a place where it would make sense for the central bank to lower rates, regardless of the political encroachment by Trump.

https://www.cnbc.com/2025/08/26/us-treasury-yields-trump-says-hes-firing-fed-governor-lisa-cook-.html

I’d glad Trump and Team know how to get the Fed moving!

AT&T to buy wireless spectrum licenses from EchoStar for $23 billion

David Shepardson and Harshita Mary Varghese

Tue, August 26, 2025 at 6:34 AM EDT

WASHINGTON (Reuters) -AT&T said on Tuesday it will purchase key wireless spectrum licenses from EchoStar for about $23 billion, as the the U.S. telecom provider seeks to boost its network in a competitive market.

In June,President Donald Trump prodded satellite communications and Dish TV parent EchoStar and Federal Communications Commission Chair Brendan Carr to reach an amicable dealover the fate of the company's wireless spectrum licenses, the company said.

The deal marks thelatest major investment by AT&T to accelerate its fiber and 5G network build-out as the wireless market saturates and internet usage surges.

Shares of EchoStar jumped more than 40% in premarket trading, while AT&T rose 1.5%.

In May, the FCC told EchoStar it was investigating the company's compliance obligations to provide 5G service in the United States, questioning EchoStar's buildout extension and mobile-satellite service.

Trump met on June 12 with EchoStar Chair Charlie Ergen andlater called Carr to take part in the meeting. EchoStar had been seeking to shield its cache of wireless spectrum licenses from the threat of revocation by the FCC.

EchoStar said the AT&T deal is part of its ongoing efforts to resolve the FCC's inquiries.

"This transaction puts our business on a solid financial path, further facilitating EchoStar's long-term success, and enhancing our ability to innovate and compete as a hybrid network operator," said EchoStar CEO Hamid Akhavan, adding it continues to evaluate strategic opportunities for its remaining spectrum portfolio.

U.S. satellite TV provider DirecTV terminated its agreement to acquire EchoStar's satellite television business last year, which includes rival Dish TV, over a failed debt-exchange offer.

In May, AT&T clinched a deal to acquire Lumen Technologies' consumer fiber operations for $5.75 billion in cash.

AT&T's bundled plans that combine high-speed fiber with mobile offerings have resonated well with customers as rivals like T-Mobile and Verizon double down on promotions.

The company added 401,000 net monthly bill-paying wireless phone subscribers during the April to June period.

The licenses cover more than 400 markets across the U.S. in total and will strengthen AT&T's low-band and mid-band spectrum holdings, the company said.

The companies also agreed to expand their network services agreement, enabling EchoStar to operate as a hybrid mobile network operator providing wireless service under the Boost Mobile brand. AT&T will be the primary network partner.

https://finance.yahoo.com/news/rare-earth-prices-hit-two-121206295.html

Business is war! War is Business!

‘Yes or No!?’ Chicago’s Dem Mayor Refuses FIVE Times to Answer Scarborough on Whether He’d Accept More Cop Funding 1/2

David Gilmour

Aug 26th, 2025, 8:43 am

Morning Joe host Joe Scarborough was made to press Chicago Mayor Brandon Johnson for an answer after the Democrat repeatedly refused to say if he’d accept more police resourcing from the Trump administration, moments after he demanded President Donald Trump restore $800 million in grants for violence prevention programs.

Johnson appeared on MSNBC on Tuesday to continue to push back against Trump’s suggestion on Friday that he may send National Guard troops to Chicago and New York City, as he has in Washington, D.C., as part of a crackdown on crime.

The mayor blasted Trump from the outset for threatening his city with a “military occupation” that he said was both “illegal” and “unconstitutional.” He added that it was unnecessary, citing “a precipitous decline in violent crime in every single category” under his leadership.

Listing statistics, he continued: “If this president was actually serious about driving violence down in the city of Chicago and American cities across this country, he would work with mayors to make sure that we have the necessary investments to continue to do the work that we have been doing.”

Scarborough, who has advocated for cooperation between cities and the federal government on crime, asked what a “productive relationship with the Trump administration looks like?”

“An excellent question,” Johnson said. “First of all, he could start by restoring the over $800 million that was taken away from violence prevention efforts back in April.” He continued to detail work with community-led conflict resolution organizations and trained mental health professionals that, in some cases, have circumvented the need for a police officer to turn up at “that scene.

Scarborough agreed that these were “great programs” before asking whether the mayor would also accept federal funding that would put extra police officers on the street in a line of questioning that quickly escalated into a heated back-and-forth.

SCARBOROUGH: So let me ask you, Mr. Mayor, those all sound like great programs. I’m curious, would you also like to get federal funding to help put 5000 more cops on the street in Chicago? Would that help drive down crime?

JOHNSON: Well, look, policing by itself is not the full strategy.

SCARBOROUGH [INTERRUPTING]: No, I understand that. You’ve talked about the other things you want. And I said those are good and important programs. But I’m asking also, would 5000 more police officers on the street in Chicago be helpful to go along with all of those social programs that a lot of cities are engaging in and having success with?

JOHNSON: Well, look, here’s the best way I can put it, Joe, is that in the 90s, when I was in high school, we had 3000 more police officers, and we had 900 people being murdered every single year in Chicago. It’s just not policing alone. Of course we want more detectives.

https://www.mediaite.com/media/tv/yes-or-no-chicagos-dem-mayor-refuses-five-times-to-answer-scarborough-on-whether-hed-accept-more-cop-funding/

>>23510778

2/2

SCARBOROUGH: Of course I know policing alone, but, of course it’s not policing alone. You’ve told me everything else you want. I’m curious, and this does come down to an ideological difference between people: do you believe that the streets of Chicago would be safer if there were more uniformed police officers on the streets of Chicago?

JOHNSON: I believe the city of Chicago and cities across America would be safer if we actually had, you know, affordable housing. Look, I’m not saying –

SCARBOROUGH: That not the question I asked. My question is, and I just need a yes or no.Do you believe the streets of Chicago would be safer if you got all of those other extraordinary programs put back into place, which do have a history of being successful, if that’s complimented by having 5000 more cops on the streets of Chicago.

JOHNSON: I don’t believe that we should narrow it down to just police officers is what I’m saying –

SCARBOROUGH: I’m not –

JOHNSON [CONT’D]: – that is an antiquated approach. I’m saying we’ve invested in detectives.

SCARBOROUGH: Are you hearing what I’m saying? I’m agreeing with you that all of these other social programs are extraordinarily important. I just need a yes or a no. And then this will be the last time I ask if you get all of those other social programs that $800 million that New York City does, Los Angeles, other people do with great success? Would an additional 5000 cops on the streets in Chicago help compliment those programs to make Chicago safer?

JOHNSON: Look, we are working hard to make sure that our police department is fully supported. I don’t believe that just simply putting out an arbitrary number around police officers is the answer. What I’m saying is policing and affordable housing. It’s policing and mental and behavioral health care services. It’s policing and youth employment. It’s a full package. Of course, we want to make sure that our police department is fully supported.

(A ton of cops left Chicago because of the shitfest, DEI and all the BS of manangement, plus the Governor and Mayor.)

(Did Trump request Scarborough to help or is his trying to get Trump’s attention?)

https://www.mediaite.com/media/tv/yes-or-no-chicagos-dem-mayor-refuses-five-times-to-answer-scarborough-on-whether-hed-accept-more-cop-funding/

>>23510778

Johnson doesn’t want more cops because they’ll investigate him and leadership what’s really making Chicago a huge crime scene. IL needs a better gov and mayors. South IL is not filled with crime.

Affordable Housing is up to the state.

Both him and Prztker need a secret investigation along with the Chi buddies, but having Obama there creates more crime. White collar crime is off the charts

Frontier Airlines goes after struggling rival Spirit’s customers with 20 new routes

PUBLISHED TUE, AUG 26 20258:35

KEY POINTS

• Frontier Airlines is going after customers who could fly on shaky budget rival Spirit Airline with 20 new routes in major Spirit markets.

• CEO Barry Biffle said he’s positioning the airline to become the top budget carrier in the U.S.

• Frontier has failed to acquire budget rival Spirit despite several attempts since 2022.

Frontier Airlines is going after customers of Spirit Airlines whose financial footing has gotten so shaky in recent weeks that it warned earlier this month it might not be able to survive another year without more cash.

Frontier on Tuesday announced 20 routes it plans to start this winter, many of them in major Spirit markets like its base at Fort Lauderdale International Airport in Florida. Frontier overlaps with Spirit on 35% of its capacity, more than any other airline, according to a Monday note from Deutsche Bank airline analyst Michael Linenberg.

Some of Frontier’s new routes from Fort Lauderdale include flights to Detroit, Houston, Chicago, and Charlotte, North Carolina. It’s also rolling out routes from Houston to New Orleans; San Pedro Sula, Honduras; and Guatemala City.

Frontier had tried and failed to merge with its budget-airline rival several times since 2022.

“I’m not here to talk about M&A,” Frontier CEO Barry Biffle said in an interview with CNBC on Tuesday when asked whether Frontier would buy Spirit. Biffle said he expects that Frontier would pick up the majority of Spirit’s market share if Spirit collapsed.

Both carriers have struggled from changing customer tastes for more upmarket seats and trips abroad, an oversupply of domestic capacity, and higher labor and other costs. Spirit’s situation has become more direhowever, after it emerged from four months of bankruptcy protection in March facing many of the same problems.

Ultra-low cost airlines are also challenged by larger rivals like United Airlines

, American Airlines

, Delta Air Lines

that have rolled out their own no-frills basic economy tickets but also offer customers bigger choices of destinations and other perkson board like snacks and beverages. (Just went in Delta the snacks and beverage are shit, not even worth anything.)

Both carriers have struggled from changing customer tastes for more upmarket seats and trips abroad, an oversupply of domestic capacity, and higher labor and other costs. Spirit’s situation has become more direhowever, after it emerged from four months of bankruptcy protection in March facing many of the same problems.

Ultra-low cost airlines are also challenged by larger rivals like United Airlines

, American Airlines

, Delta Air Lines

that have rolled out their own no-frills basic economy tickets but also offer customers bigger choices of destinations and other perks on board like snacks and beverages.

Stock prices of rival airlines surged after Spirit’s warning earlier this month.

Biffle said the carrier wants to become the country’s largest budget airline and has rolled out loyalty matching programs to grab more customers. Frontier’s capacity was slightly smaller than Spirit’s in the second quarter, through the latter had slashed its flying by nearly 24% from a year earlier, while Frontier was down only 2%.

Spirit last week said it drew down the entire $275 million of its revolver and while it reached a two-year extension on its credit card processing agreement with U.S. Bank National Association, it agreed that it would hold back up to $3 million a day from the carrier.

The airline lost $245.8 million in the second quarter. Frontier lost $70 million.

Spirit has been looking for ways to slash costs, including furloughing and demoting hundreds more pilots and cutting unprofitable routes. Hundreds of flight attendants are on unpaid leaves of absence.

Spirit CEO Dave Davis said in an Aug. 12 staff memo after its “going concern” warning that “the team and I are confident that we can build a Spirit that will continue to provide consumers the unmatched value that they have come to expect for many years to come.”

The carrier reached a deal with bondholders who agreed to convert debt to equity in its Chapter 11 bankruptcy, but it didn’t cut other costs like renegotiating aircraft leases. Leasing firms have been reaching out to rivals in recent weeks to gauge whether competitors would take any of the Airbus planes that are in Spirit’s hands, according to people familiar with the matter.

https://www.cnbc.com/2025/08/26/frontier-routes-spirit-airlines.html

Trump to put Dan Scavino in charge of hiring at White House

Scavino replaces Sergio Gor, who was tapped last week to serve as ambassador to India and as special envoy for South and Central Asian affairs.

By RACHAEL BADE and BEN JOHANSEN

08/26/2025 11:08 AM EDT

President Donald Trump plans to appoint Dan Scavino, a longtime loyalist and White House deputy chief of staff, to run the Presidential Personnel Office, empowering him with the power to decide who can and cannot serve in the administration.

“Dan Scavino is one of President Trump’s most trusted and longest serving advisors,” said White House Press Secretary Karoline Leavitt.“There is nobody better to ensure the president’s administration is staffed with the most qualified, competent, and America First-driven workers. There is much still to be done and Dan’s leadership will ensure the highest quality, most dedicated workforce ever.”

Scavino replaces Sergio Gor, who was tapped last week to serve as ambassador to India and as special envoy for South and Central Asian affairs.

Gor endeared himself to the president and his family for adopting a zero tolerance policy toward job-seekers who had been critical of Trump in the past, often scouring their social media posts and occasionally intervening to block hirings. But his aggressive approach also earned him detractors.

Notably, former special adviser ElonMusk slammed Gor as “a snake,”accusing him of convincing Trump to pull the nomination of a Musk confidant to serve as the next NASA administrator.(any friend of Musk cannot be trusted, the billionaire tech bros are there for the influence and money)

Scavino is one of Trump’s closest advisers, dating back to the first administration where he served in a variety of different communications roles. In the West Wing,Scavino occupies one of the closest offices to the Oval Office, serving as one of the most influential players in the MAGA movement.

Some MAGA influencers hoped Laura Loomer, another Trump enforcer, would land the role. Loomer told POLITICO it would be an “honor” to serve in the administration if offered the position. But several reports have indicated senior White House officials are wary or incorporating her bomb-throwing tactics into the daily operation.

(Never should Loomer work there, she can be the paid vetter and not do it in WH. She’s got serious mental problems but she’s great at investigating.)

https://www.politico.com/news/2025/08/26/trump-to-put-dan-scavino-in-charge-of-personnel-office-00524713

BANNON: CCP Infiltration Is Real. They Influence U.S. Elections While Corrupt Visa Programs Flood Our Nation. H1B Is A Scam. ALL Visa Programs Are Scams. FULL STOP

10:22

https://rumble.com/embed/v6vwscs/?pub=4

>>23510936 he’s right on this. The whole of importing Chinese Students with rich parents sounds like importing master spies. WTH are they thinking

>>23510950 not good but Indians in America take American jobs for less

>>23510972 do it she’s a real and hateful racist, look at her papers. She hates America

Lisa D. Cook, Ph.D.

Professor of Economics and International Relations

MacroeconomicsFinancial Institutions and MarketsInnovationDevelopment EconomicsEconomic History

ARTICLESCITED BYPUBLIC ACCESSCO-AUTHORS

CITED BY

Trade credit and bank finance: Financing small firms in Russia

LD Cook

Journal of Business venturing 14 (5-6), 493-518, 1999

216

Violence and economic activity: Evidence from African American patents, 1870–1940

LD Cook

Journal of Economic Growth 19 (2), 221-257, 2014

211

Using stimulant medication for children with ADHD: what do parents say? A brief report

A Charach, A Skyba, L Cook, BJ Antle

Journal of the Canadian Academy of Child and Adolescent Psychiatry 15 (2), 75, 2006

150

Mothers raising children with sickle cell disease at the intersection of race, gender, and illness stigma

DPR Burnes, BJ Antle, CC Williams, L Cook

Health & Social Work 33 (3), 211-220, 2008

129

Discrimination in lending? Evidence from the paycheck protection program

R Atkins, L Cook, R Seamans

Small Business Economics 58 (2), 843-865, 2022

120

Racial segregation and southern lynching

LD Cook, TD Logan, JM Parman

Social Science History 42 (4), 635-675, 2018

112

Regional public goods in international assistance

LD Cook, J Sachs

Kaul et al, Global public goods: international cooperation in the 21st …, 1999

100

Distinctively black names in the American past

LD Cook, TD Logan, JM Parman

Explorations in Economic History 53, 64-82, 2014

84

The idea gap in pink and black

LD Cook, C Kongcharoen

National Bureau of Economic Research, 2010

79

AEA professional climate survey

S Allgood, L Badgett, A Bayer, M Bertrand, SE Black, N Bloom, LD Cook

59

Converging to a national lynching database: Recent developments and the way forward

LD Cook

Historical Methods: A Journal of Quantitative and Interdisciplinary History …, 2012

58

The evolution of access to public accommodations in the United States

LD Cook, MEC Jones, TD Logan, D Rosé

The Quarterly Journal of Economics 138 (1), 37-102, 2023

54

Metals or management? Explaining Africa's recent economic growth performance

LN Beny, LD Cook

American Economic Review 99 (2), 268-274, 2009

50

Rural segregation and racial violence: Historical effects of spatial racism

LD Cook, TD Logan, JM Parman

American Journal of Economics and Sociology 77 (3-4), 821-847, 2018

41

Inventing social capital: Evidence from African American inventors, 1843–1930

LD Cook

Explorations in Economic History 48 (4), 507-518, 2011

40

Closing the innovation gap in pink and black

LD Cook, J Gerson, J Kuan

Entrepreneurship and Innovation Policy and the Economy 1 (1), 43-66, 2022

35

The mortality consequences of distinctively black names

LD Cook, TD Logan, JM Parman

Explorations in Economic History 59, 114-125, 2016

35

Funding black high-growth startups

LD Cook, M Marx, E Yimfor

National Bureau of Economic Research, 2022

34

Issues with variability in electronic health record data about race and ethnicity: descriptive analysis of the national COVID cohort collaborative data enclave

L Cook, J Espinoza, NG Weiskopf, N Mathews, DA Dorr, KL Gonzales, …

JMIR medical informatics 10 (9), e39235, 2022

31

Overcoming discrimination by consumers during the age of segregation: The example of Garrett Morgan

LD Cook

Business History Review 86 (2), 211-234, 2012

23

The innovation gap in pink and black

LD Cook

22

Policies to broaden participation in the innovation process

LD Cook

The Hamilton Project 11, 2020

21

Were the Nigerian Banking Reforms of 2005 a Success… and for the Poor?

LD Cook

National Bureau of Economic Research, 2011

21

The antebellum roots of distinctively black names

LD Cook, J Parman, T Logan

Historical Methods: A Journal of Quantitative and Interdisciplinary History …, 2022

17

The Green Books and the geography of segregation in public accommodations

LD Cook, MEC Jones, D Rosé, TD Logan

National Bureau of Economic Research, 2020

16

Racism impoverishes the whole economy

LD Cook

New York Times, 2020

15

The Africa competitiveness report 2000/2001

K Schwab

Oxford University Press, 2000

14

The implications of US gender and racial disparities in income and wealth inequality at each stage of the innovation process

L Cook, J Gerson

Washington Center for Equitable Growth Inequality and Mobility Blog, 2019

12

17 Confronting the Absence of Women in Technology Innovation

M Wisnioski, ES Hintz, MS Kleine, H Fasihuddin, LB Cavagnaro, …

MIT Press, 2019

11

LIVER TRANSPLANTATION FOR CHILDREN–RED CROSS CHILDREN’S HOSPITAL EXPERIENCE

CWN Spearman, M McCulloch, H Burger, A Numanoglu, E Goddard, …

Transplantation 78 (2), 450, 2004

11

(https://scholar.google.com/citations?user=BwN2hbkAAAAJ&hl=

9

Th

Vanity Fair staff melts down over possible Melania Trump feature: 'LOSING THEIR MINDS'

Fox & Friends' co-hosts discuss the possibility of first lady Melania Trump appearing on a Vanity Fair cover and the reaction from the magazine's employees. White House official Michael Kratsios shares details on the first lady's 'Presidential AI Challenge.

7:53

https://youtu.be/sHlNVGuuj40

There has 'never been accountability' for this: Hegseth

President Donald Trump signs the Abbey Gate proclamation honoring the 13 members of the U.S. armed forces killed in Kabul, Afghanistan

12:02

https://youtu.be/1hIDC-O1CLg