Last week's report by former FBI Director Louis Freeh confirmed what many said all along, that the Penn State child sex scandal was the biggest and most damaging in college sports history. Now that the report has been released, the focus is turning to the NCAA and what action it will take, if any.
Imagine going into bankruptcy with billions of dollars in cash still in your bank account. That's what American Airlines did last November. The thinking was that management would gut the company's pensions and union contracts and emerge from bankruptcy ready to compete.
But then US Airways said it could take over American and be profitable, and it wouldn't have to hurt American's employees nearly as bad in the process. American's pilots, mechanics and flight attendants loved that idea.