BC-US--Business Features Digest, US
The business news enterprise package planned through Jan. 5. For comments or questions, call 212-621-1680. For questions about photos, call ext. 1900. For questions about graphics, call ext. 7636. Repeats of stories are available from http://apexchange.com or the Service Desk, 1-800-838-4616.
Eds: Adds WEALTH GAP-SIBLING SPLIT sent Monday. Adds INDONESIA-PLANE-PILOT SHORTAGE sent Tuesday. Adds SPAIN-SMALL BUSINESS SHUTDOWN sent Tuesday.
WEALTH GAP-SIBLING SPLIT
NEW YORK — It’s a story as old as humankind: People raised in the same home, at the same time, by the same parents, who as adults land in vastly different financial circumstances. And experts see a growing trend. The same forces that have increasingly separated the richest Americans from everyone else is dividing brothers and sisters, too. By Bernard Condon. SENT: Tuesday, 1,700 words. With 850-word abridged version.
NEW YORK — The rapid growth of Asian airlines is creating a daunting safety challenge as more passengers head into an increasingly crowded airspace: How to safely train enough jet pilots. By Airline Writers Scott Mayerowitz and David Koenig. SENT: Tuesday, 1,155 words, photo.
SPAIN-SMALL BUSINESS SHUTDOWN
MADRID — A famed Madrid toy store that has sold handmade dolls since 1942 is closing its doors and the 100-year-old marble bar at the funky Cafe Galdos art and live music destination will be wiped down for the last time as Spain prepares for a wave of small business shutdowns. It’s happening because of a law passed two decades ago marking Jan. 1 as the end of rent controls that benefited business owners and helped preserve the historical commercial identity of many Spanish city centers. By Jorge Sainz. SENT: Tuesday, 860 words, with photos.
GLOBAL ECONOMY-2015 PREVIEW
WASHINGTON — The United States will likely be an engine of global growth in 2015, extending a steady rebound for an economy that had long struggled to claw back from the Great Recession. The U.S. is expected to grow in 2015 at its fastest pace in a decade even while most other major economies are faltering. Plunging oil prices are a big reason for the optimism. By Christopher S. Rugaber. SENT: Monday, 1,150 words.
NEW YORK — Tony Fernandes is more than just the CEO of AirAsia: He’s the brash personality and cheerleader-like figure who gives the discount carrier its soul. By Airlines Writer Scott Mayerowitz. SENT: Monday, 1,180 words, photos.
WASHINGTON — The cost of being uninsured in America is going up significantly next year for millions of people as penalties under President Barack Obama’s health care law will double. It’s also the first time the Internal Revenues Service will collect fines, from those who were uninsured in 2014. Waivers are potentially available to many, but some of those exemptions will not be easy to claim. By Ricardo Alonso-Zaldivar. SENT: Monday, 940 words.
WASHINGTON — Development is booming in tiny Hugoton, Kansas, a town of roughly 3,900 people that’s the site of a new cellulosic ethanol refinery funded in part by a loan guarantee from the Department of Energy. The same program funded high profile flops like Solyndra, the California-based solar company that filed for bankruptcy and led to hearings over the Barack Obama administration’s backing of unproven green-energy projects. But roughly six years on in Hugoton, and elsewhere, there are signs the program is working. By Henry C. Jackson. SENT: Monday, 850 words, photos.