Dallas sports attorney DARYL WASHINGTON has some sobering advice for the young and gifted collegiate football players soon to be offered piles of money and a chance at NFL stardom. The massive windfalls that the select few collegiate players receive may seem like plenty of dough, but studies show that only a fraction of pro football players end their careers with their fortunes intact, says Washington of Dallas' Shackelford, Melton & McKinley. "When they finally hang up their cleats, some 80 percent of professional football players are heavily in debt or broke, on drugs or facing other major life hurdles, usually because they've never been taught how to manage their lives," he says. "The NFL should require business internships and teach them about collective bargaining. They should teach players how to win in life, not just on the field." To interview Mr. Washington about professional athletes, contact Rhonda Reddick at 800-559-4534 or firstname.lastname@example.org.
Rising oil prices and corresponding increases in jet fuel are behind the shakeup affecting struggling air carriers, says airline bankruptcy expert STEVE
STAPLETON of Dallas' Cowles & Thompson
. "While the legacy airlines have cash cushions and all carriers are hedging their fuel costs with some success, there will still be pressure, particularly on the low-cost carriers and the start-ups," he says. As in the recent case of Frontier, much of the pressure likely will come from vendors like credit card companies, travel agencies and others concerned with the unprecedented economic pressures facing the travel industry. "They will likely be flexing whatever muscle they have to ensure the carriers meet their continued obligations." To interview Mr. Stapleton about the airline industry, contact Rhonda Reddick at 800-559-4534 or email@example.com