Tuesday, 1 November 2011
Flying into the unknown
Full article in JPG format: page 42/43 & page 45
“An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen,” wrote the late US educator Laurence Peter. His words ring as true today as ever before, with the world’s brightest economic minds showing little aptitude for diagnosing – let alone remedying – the perfect storm of a European debt crisis, a stagnating US economy, and political upheaval across the Arab world.
And yet while meaningful forecasts elude the experts, the simplest of litmus tests is available to anyone by looking up, towards the skies, at the air transport sector – the lifeblood of the global economy...