By Olaf Storbeck
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
With a deep recession looming and the nose-diving rouble poised to push inflation through the roof, Russia’s Vladimir Putin faces the music at his end-of-year news conference when he will field questions from a studio audience as well as television viewers.
For the third day, search and rescue operations from 10 different countries failed to find any trace of the missing Malaysian plane that disappeared about an hour into a flight to Beijing. Here's a map of the plane's last known location:
In the wake of the failed launch of Healthcare.gov there has been some spectacular insider coverage, particularly by the Washington Post and New York Times, of the failure of the private contractors to deliver what they promised when they won the assignments to build the federal insurance exchange. But while there has been some mention of problems with the contract procurement process itself (focusing on the notion that in Washington the IT providers who win the contracts are better at winning IT contracts than at doing cutting-edge IT), one piece of the story has so far been missing: Who actually decided to award the Healthcare.gov contract to CGI and the others who shared the work? And on exactly what basis?
The American Airlines/US Airways merger talks are on hold due to the ongoing antitrust trial led by the Department of Justice. The D.O.J. is concerned, from the perspective of protecting consumers’ interests, that the resulting airline would have too much market power in many of its locations. Though this is true (assuming nothing about the airlines’ business was changed and no assets were divested), the underlying issues are broader than that.