Trump Can Stop the Squeeze in Economy Class Seats

Five big ideas that made the week and the stories behind them.
Five Things We Learned This Week (08/03)
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Airplanes are getting so uncomfortable it could be dangerous—at least according to a passenger rights group. A court has ordered the Federal Aviation Administration to review standards for legroom and aisle space and consider setting minimum requirements to ensure passengers can safely evacuate in an emergency. The ruling comes as carriers seek to pack more seats into Coach. Flyers Rights, a group that brought the lawsuit, said the distance between seats has shrunk from an average of 35 inches to 31 inches in recent decades. “This is the Case of the Incredible Shrinking Airline Seat,” Judge Patricia Ann Millett wrote for a three-judge panel.

“Stagflation not seen since the 1970s.” That’s Alan Greenspan’s forecast for the economy, he said in an interview with Bloomberg. The former Federal Reserve chairman said bond prices are in a bubble and low, long-term interest rates will have to rise. “When they move higher they are likely to move reasonably fast,” he said. Central bankers around the world are trying to figure out how—and how quickly—to pull back stimulus.