flying high
May 24, 2019

Weed is thriving in the stock market, but companies will need to hash out some legal issues if they want to reap the benefits in the U.S.

The stock market has given several marijuana companies valuations as high as $20 billion, but these stocks are listed with the caveat that they are unable to operate in the U.S. due to federal restrictions, reports Markets Insider. Under current laws in the U.S., the production, possession, and consumption of marijuana remains a criminal act.

Despite these restrictions, weed stocks are "astronomically valued" when compared to the tech, alcohol, and tobacco sectors, per Markets Insider.

Support for the legalization of marijuana is at an all-time high in the U.S., and 11 states have made the drug fully legal. But despite some states' support, weed companies cannot be listed in the U.S. market without violating federal law. Marianne Dodson

March 15, 2018

The numbers are in. From March to November 2017, Treasury Secretary Steven Mnuchin racked up a $1 million government bill for seven military jet flights, per documents obtained by a government watchdog group.

Mnuchin's private flights gained attention after his wife, Louise Linton, posted a photo of the pair's "day trip" to Kentucky on a government plane — a day trip to, coincidentally, the best viewing spot for August's solar eclipse. The upload sparked Citizens for Responsibility and Ethics in Washington to request government records on how much that flight cost, along with records for every other one of Mnuchin's government flights.

The price tag for the eclipse viewing party? $33,046. Other notable trips include a $94,100 journey to West Virginia and Las Vegas, and two separate trips to Europe that cost more than $300,000 each.

Chartered flights cost Tom Price his job as health and human services secretary last September — and his trips only totaled about $400,000. Read more from CREW here. Kathryn Krawczyk

April 11, 2017

Some airlines make as much money selling miles to credit card companies as they do selling seats to passengers, according to Bloomberg. Big credit card companies buy miles by the billions, for 1.5 to 2.5 cents apiece, and then hand them out to their customers whenever they make purchases with an airline-branded card.

People who use airline cards typically have high incomes and high credit scores, which benefits the credit card companies. Meanwhile, major airlines can make significant amounts of profit by selling miles to big banks as well as car rental firms and hotels. At American Airlines, the largest carrier in the U.S., airline miles now account for more than half of all profits. The Week Staff

March 7, 2016

JetBlue Airways is going to train people to fly its jets with no prior experience, The Associated Press reports. The $125,000, four-year program is unprecedented for large U.S. airlines, which usually stick to recruiting new pilots from smaller outfits.

Students in the program will take tests evaluating coordination, multitasking, critical thinking, and personality.

"They will absolutely be as qualified as any other pilot that is operating a JetBlue aircraft," said Warren Christie, senior vice president of safety and training. Julie Kliegman

March 30, 2015

According to the Pentagon, it would be cheaper in the long run to replace the aircraft that carries the President of the United States, and the goal is to have three new Boeing 747s to use as Air Force One by 2023.

Air Force Col. Amy McCain, whom CBS News reports is in charge of ordering the new fleet of planes, said that the current airplane used to transport the commander-in-chief was fielded in 1991, and is the only plane of its type (747-200) flying in the U.S.

Congress initially requested $102 million for the project, a number CBS reports will grow to more than $3 billion over the next five years, not including the final three years of the project. Teresa Mull

February 24, 2015

A new study published in the journal Scientific Reports found that marijuana is, by far, the safest recreational drug.

Researchers judged the risk of death associated with commonly used substances, including alcohol, marijuana, heroin, cocaine, tobacco, ecstasy, and meth. They found that alcohol is the most deadly of the substances studied, while cannabis is about 114 times less deadly than alcohol.

The study's authors recommend U.S. law enforcement should focus more on alcohol and tobacco risks, rather than marijuana-related crimes. The researchers suggest a "strict legal regulatory approach, rather than the current prohibition approach" toward marijuana. Meghan DeMaria

September 10, 2014

An analysis of toxicology reports has found that more pilots in plane crashes are testing positive for drugs, up from 9.6 percent in 1990 to 39 percent in 2012.

The study looked at the reports of almost 6,700 pilots killed in crashes between 1990 and 2012, Time says. It took into consideration both illegal and legal drugs but not alcohol, and found that the most commonly used drug was diphenhydramine, an antihistamine that is a sedative and used in cold medicine. Just a few pilots tested positive for illegal substances, but the number of pilots testing positive for marijuana did increase over the past 20 years, mainly over the last decade.

Because a majority of airplane crashes are non-commercial flights, more than 90 percent of the pilots tested flew private planes rather than commercial. Catherine Garcia

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