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Editor Note: In tonight broadcast is the third installment of our Making Sen$e foreclosure series. We focus on Boston Community Capital, a privately and publicly funded, so-called community development finance institution. ; In this web video exclusive, we talk to Elyse Cherry, CEO of Boston Community Capital, as to how and when BCC could be a rea stanley cup sonable alternative to homeowners who are in foreclosure trouble. For m stanley cup ore, watch the first Show Me the Mortgage and second Boston Group Helps Homeowners Stand Up, Fight Back ; Against Foreclosure installments in the series. Go Deeper stanley cup the business desk Support Provided By: Learn more Support PBS News: Educate your inboxSubscribe to Herersquo the Deal, our politics newsletter for analysis you wonrsquo;t find anywhere else. Full Episode Thursday, Dec 5 Jdsm Reporter s Notebook: Austria Looks East for an Economic Boost
United Airlines announced this evening that it will lay off approximately 20,000 employees, while American Airlines, the world largest carrier, 160;will also lay off roughly 20,000 from its American Eagle, TWA and main American Airlines divisions.Planes from both American and United Airlines were hijacked last Tuesday and used in the deadly crashes at the World Trade Center, the Pentagon, and in rural Pennsylvania.Meanwhile, other airline companies have also tightened their belts after last week events.Continental Airlines has cut 12,000 jobs, U.S. Airways cut 11, adidas og 000, and America West laid off 2,000 employees.America Trans Air, National Airlines and Virgin Atlantic have also announced cuts, while Midway Airlines has closed its doors.Analysts speculate that as many as 100,000 layoffs could take place as passengers worry ab salomon out flying in the aftermath of Sept. 11. stanley cup The financial fallout has affected airplane manufacturers as well as major commerical carriers.Boeing announced late Tuesday it could lay off up to 30,000 workers by late 2002 and will scale back deliveries in the short term.Many involved say the events of last week have shaken the airline industry to its core.This is not a ripple effect, said Rep. Jennifer Dunn, whose Seattle district includes thousands of Boeing workers. This is a tsunami.Voicing bankruptcy concerns, U.S. carriers have requested that the government act quickly to secure a $17.5 billion financial aid package