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It's a pity this book hasn't been updated in five years because it's a good reference. Each section of FAR parts is examined, usually with a plain-language explanation, references to Advisory Circulars or other regulations, National Transportation Safety Bureau (NTSB) rulings and Federal Aviation Administration (FAA) chief counsel opinions.
For example, many pilots get confused regarding 61.118, "private Pilot Privileges and Limitations: Pilot in Command." This is the section that attempts to spell out when a private (versus "commercial") pilot may be compensated for a flight. Subsection (b) specifies a pilot "may share the operating expenses of a flight with his passengers."
While this would seem pretty straightforward, people interpret this in ways that the FAA didn't intend. Consider three scenarios:
1. I am a software engineer and have a business trip to Portland. My salesman, who wants to sell more widgets, and I fly and I submit the actual rental and parking expenses for reimbursement from my company.
2. Friends of mine are parachute jumpers and pay me to carry them up so they can jump. I charge them $100 of the $150 it would cost me to go on the trip.
3. A friend wants me to fly her to Friday Harbor. I charge her for half of the gas, oil, parking, insurance, and maintenance.
As the "Federal Aviation Regulations Explained" might point out, #1 is legal because the flight is incidental to my job (programming).
#2 is not legal because I'm not really making the trip for my own purposes. In this case, FAR Explained points out the NTSB case "Administrator v. Reimer, 3 NTSB 2306 (1980), where the pilot was found in violation because there was no common purpose. The pilot's motive was to build hours partially paid for by others.
#3 is not legal, either, because the passenger would not be paying out of pocket expenses. Insurance and maintenance are usually factored over a period of time.
According to the FAA Counsel opinion, in #1, I would be able to expense it and build flight hours because the destination is where I have a paritcular business incidental to flying for a living.
The FARs can be painful to read, but this book helps clear some of the ambiguity and provide some background on NTSB and FAA interpretations such that a pilot won't be caught by surprise.
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The book only examines Siodmak's films. The title, a play on "The File on Thelma Jordan," the last of Siodmak's American films noir, sets up false expectations that the book will deal with Siodmak's private life, perhaps politics in that era of WWII and HUAC, but this is not the case. Still, the films get wonderful coverage, and this book should fight the tendency in recent years to overlook Siodmak's contribution to film noir.
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The disk included with mine helps to build your financial knowledge through a website connection and with practice, but this is not mandatory and is designed for the hardcore finance junkies like myself.
It is only a 4-star because I want more challenging material, but being a 2nd year course I have to wait until 3rd year.
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