The Week in Words: On a refinery's closing and a jump in airline fares

Posted: December 04, 2011

"This was a very difficult decision given the impacts to employees and nearby communities ..."

- Lynn L. Elsenhans, CEO, Sunoco,

on shutting down the refinery at Marcus Hook and ending 490 jobs.

"I understand they are losing money, but it wouldn't kill them to hold out through the holidays."

- James Schiliro,

mayor of Marcus Hook.

"If you were the only nonstop carrier, and didn't have competition, why wouldn't you jack up the rates? You own the marketplace."

- Rick Seaney, cofounder of FareCompare.com,on US Airways' plan to increase fares to cities where competitor Southwest Airlines is ending service.

"If nobody travels, they'll adjust the fares back down."

- Airline analyst Bob McAdoo, with Avondale Partners L.L.C.

"The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity."

- A joint statement by the European Central Bank, the Federal Reserve, the Bank of England, and the central banks of Canada, Japan and Switzerland on their effort to shore up the world financial system by making it easier for banks to borrow American dollars.

"The bottom line on any central-bank action is that it papers over the problems, buys time, and in some respects takes pressure from politicians,"

- Jack Ablin, of Harris Private Bank, on the central banks' move, which sent the Dow soaring

490 points on Wednesday.

"What they said, politely, was: 'These are out-and-out lies. The models that you gave us to prove your claims are laughable, and they're contradicted by your own internal documents,' "

- Harold Feld, legal director of the nonprofit group Public Knowledge,

on the FCC's staff report on the now-withdrawn application for AT&T to acquire T-Mobile USA Inc.


Compiled from The Inquirer, Associated Press, Bloomberg News.

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