Quest: The heroes behind aviation's safest year

Why flying in 2017 was safer than ever

Quest’s Profitable Moment

As a road warrior who spends many days inside air, I read with keen interest the surveys showing 2017 was the safest year on record for commercial aviation (defined as the globe’s commercial airliners). Sadly, there were deaths on cargo flights along with in private general aviation, however there were no crashes resulting in deaths on the globe’s airlines.

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This particular is actually in an achievement. This particular has only come about because of the enormous amount of hard work along with investment in aviation which has ensured This particular remains the safest form of travel. (This particular’s a shame President Trump chose to try to take credit due to This particular remarkable result when the true heroes are the men along with women who toil to make flying safe).

So — on This particular first letter of the year — let me give a shout out to: the plane makers who build machines which withstand the forces of nature as we hurtle through the air; the mechanics along with engineers who maintain these flying machines in peak condition; the pilots along with their instructors who ensure the highest levels of qualifications along with — not least nor last — the air traffic controllers who manage the ever-increasing number of planes inside skies.

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Make no mistake — This particular level of safety hasn’t happened by accident. This particular is actually the result of a laser focused obsession by an industry which knows the perils of getting This particular wrong.

I flew more than 250,000 miles in 2017, along with expect to do a similar amount This particular year. To all who keep us safe: Thank you.

Corporate America shares some tax savings

company bonus

Bank of America. Comcast. Wells Fargo. Southwest.

These blue chip companies decided to give workers bonuses after President Trump signed the brand new tax bill into law. Utility Dominion Energy even plans to give $1.3 billion to customers of the South Carolina electric company SCANA which This particular plans to buy.

however only a handful of major firms have actually announced plans to use tax savings to help Main Street. Many more are supposed to buy back more stock instead so they can boost earnings per share.

along with some Wall Street strategists warn which even which lift to earnings will prove to be only temporary.

— Paul R. La Monica

America could get crowned oil king This particular year

US oil Saudi Russia

Russia along with Saudi Arabia have dominated the global oil landscape for four decades. however for the very first time since 1975, the U.S. could soon surpass both as the globe’s top oil producer.

The U.S. shale oil industry has rebounded nicely through the crash of two years ago thanks to higher prices along with better technology. President Trump wants to accelerate This particular trend by cutting regulation.

Regardless of the driver, booming domestic oil output has lessened the need to rely on crude through unstable places like Venezuela along with the Middle East.

— Matt Egan

Dow tops 25K. Rally shows no sign of ending

dow 25000 stocks wall street

brand new year. Same stock gains.

The Dow powered through the 25,000 level for the very first time Thursday. The S&P 500 along with Nasdaq hit brand new all-time highs, too.

The market has cruised past several big milestones inside past year, largely due to optimism about the economy along with President Trump’s pro-business policies. Many experts think strong earnings growth will keep the party going — along with which Netflix along with additional hot techs will continue to lead the rally.

The market momentum could lead to more IPOs on the resurgent NYSE in 2018 as well.

— Paul R. La Monica

Iceland’s brand new equal pay law marks a first

equal pay day women retirement

Iceland is actually serious about getting rid of the gender pay gap.

On Monday, a law went into effect which requires employers inside Nordic country to prove they pay men along with women who work inside same jobs equally. If they don’t, they could be fined.

While discrimination based on gender is actually already illegal in many countries, Iceland is actually the first nation to make firms obtain equal pay certification through the government.

— Julia Horowitz

Quick takes

6 ways life will change in Saudi Arabia in 2018

Pakistan cozies up to China on trade after Trump tweet

Australia wants to sell pot to the globe

U.S. along with South Korea to begin talks to renegotiate trade deal

Mexicans inside United States are sending a record amount of cash home

The maker of Marlboro cigarettes inside U.K. wants to give up on smoking

What’s next

brand new tech in 2018: The annual Consumer Electronics Show (CES) kicks off in Las Vegas next week. Several companies will debut the latest gadgets, games along with apps for the brand new year.

Big banks, companies start reporting earnings: JPMorgan, Bank of America, PNC, along with Wells Fargo report fourth quarter earnings next week. BlackRock along with Delta Air Lines also reports their financials.

Potential Trump trade action on steel: The Trump administration could announce sweeping tariffs on imports of steel as soon as next week. The legal deadline for the Commerce Department’s investigation into whether steel imports risk U.S. national security comes on Sunday January 14. This particular’s an unusual investigation along with intended to show President Trump’s tough stance on trade.

sy88pgw (brand new York) First published January 5, 2018: 12:01 AM ET

Quest: The heroes behind aviation's safest year

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