Category Archives: Economy

Pay to Pee – Ridiculous

DUBLIN —  Is a bathroom an optional extra when you’re at 30,000 feet? Ryanair boss Michael O’Leary seems to think so — and says his no-frills airline might charge customers to use its aircrafts’ toilets.

O’Leary whipped up a frenzy of indignation and potty humor Friday as he suggested that future Ryanair passengers might be obliged to insert a British pound coin (U.S. $1.40) before they gain access to in-flight relief.

As always when introducing new charges, O’Leary suggested a separate toilet fee would lower ticket costs and make flying, somehow, easier for all. Nobody, even his own aides, seemed to be sure if he was serious or pursuing his well-documented penchant for making brazen declarations to win free advertising.

“One thing we have looked at in the past, and are looking at again, is the possibility of maybe putting a coin slot on the toilet door, so that people might have to actually spend a pound to `spend a penny’ in future,” O’Leary said, using a local euphemism for relieving one’s self.

When asked, during an interview on BBC Television, what would happen if a customer really had to go, but didn’t have the correct change, O’Leary dismissed the scenario as implausible. This even though Ireland and most of Europe uses euros, not the British currency, and even on-board attendants often find themselves without the correct change.

“I don’t think there’s anybody in history (who has) gone on board a Ryanair aircraft with less than a pound,” he said.

Politicians and analysts agreed that the man who pioneered charging airline customers to check bags, to use a check-in desk, and even to use a credit or debit card to make an on-line booking just might be serious about mile-high toilet extortion, too.

Howard Wheeldon, senior strategist at BGC Partners in London, cautioned consumers that O’Leary might be attempting two for the price of one: Free publicity backed by cut-throat reality.

“This begs a simple question retort of: Is there absolutely nothing that this airline won’t do? Not really, so if you are thinking about flying cattle-class Ryanair in future, beware,” he said.

O’Leary’s own chief spokesman, Stephen McNamara, said his boss often spoke tongue in cheek — but then defended the idea of charging for a toilet as part of a logical trend.

“Michael makes a lot of this stuff up as he goes along and, while this has been discussed internally, there are no immediate plans to introduce it,” McNamara said, adding, “Passengers using train and bus stations are already accustomed to paying to use the toilet, so why not on airplanes? Not everyone uses the toilet on board one of our flights, but those that do could help to reduce airfares for all passengers.”

Rochelle Turner, head of research at British consumer rights magazine Which? Holiday, said Ryanair had a well-documented practice of “putting profit before the comfort of its customers” — but this one could backfire.

“Charging people to go to the toilet might result in fewer people buying overpriced drinks on board. That would serve Ryanair right,” she said.

Tommy Broughan, transport spokesman for Ireland’s Labour Party, said the toilet-charge idea had to be taken seriously.

He noted that Ryanair last month began threatening customers with fines if they tried to carry on board a second bag regardless of size — even one filled with a just-purchased item from the airport’s duty-free shops.

“When Ryanair introduced this euro30 extra duty-free charge, many passengers joked that next they would be charged for using the toilet — not realizing that this indeed seems to be the newest extra charge on Ryanair’s agenda,” Broughan said.

On the recession-hit streets of Dublin, Ryanair-bound people waiting for the airport shuttle bus seemed resigned to the idea of paying for an O’Leary-provided potty.

“Your only choice with Ryanair, really, is not to fly Ryanair. Your dignity goes out the window. If you have a complaint, they’re not programmed to care,” said Samantha Jones, a 30-year-old Welsh woman who has been using the airline to commute between her weekday Irish job and weekend boyfriend back home near Liverpool.

Jones discounted the practicality of a restroom rebellion. “If you are given a choice between wetting your knickers or not wetting your knickers, you will pay whatever fee they make you pay, and Mr. O’Leary knows this well,” she said. “Frankly, I’m surprised he’s talking about letting us have a wee for a pound, not more!”

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$20,000 Private Jet , When They Are Bankrupt

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Palin going off-script, McCain aides gripe

aides to Sen. John McCain say they weren’t happy that running mate Sarah Palin went off script Sunday and turned attention back to the controversy over her wardrobe.

A Palin associate, however, said the candidate is simply trying to “bust free” of what she believes was a damaging and mismanaged roll-out.

(Read On)

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Begging Bowl Is Out For Pakistan

Pakistan has sought an emergency bail-out from the IMF, a humiliating step forced on Islamabad after allies refused to come up with cash .

Pakistan’s finance minister, Shaukat Tareen, said recently that going to the IMF was his “plan C”, but Islamabad has been stung by rebuffs from its closest international partners – China, the US and Saudi Arabia – leaving it with few choices. 

Hungary, Iceland, the Ukraine and Belarus are also seeking assistance from the IMF to help weather the global financial crisis. Belarus has applied for a $2 billion loan, Interfax reported Oct. 22, and the Ukraine said this week it may sign a loan worth as much as $15 billion.

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Jack Cafferty Tells Us How He Really Feels About Sarah Palin

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Money Never Sleeps Pal

The point is, ladies and gentleman, that greed — for lack of a better word — is good.

Greed is right.

Greed works.

Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.

Greed, in all of its forms — greed for life, for money, for love, knowledge — has marked the upward surge of mankind.

And greed — you mark my words — will not only save Teldar Paper, but that other malfunctioning corporation called the USA

That has become a mantra of sorts on Wall Street, thanks to Oliver Stone and Stanley Weiser. Twenty-one years ago, the two paired up to make the film Wall Street, starring Michael Douglas and Charlie Sheen.

Now , 20th Century Fox is moving forward with a sequel (called Money Never Sleeps) to 1987’s Wall Street. The modern-day story will again center on Gordon Gekko, who has recently been sprung from prison and re-emerges into a much more tumultuous financial world than the one he once lorded over. The Bud Fox character, played by Charlie Sheen in the original, will not appear in the latest incarnation. 

Seems like it is the perfect time for sequel to movie Wall Street when the economy is in crisis and the markets are in freefall.

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Hire , Fire and then hire again – It happens only in India

On Thursday evening Jet airways chief announced that he would be hiring all those employees again , who were fired only two days ago by his management . 

Here is a time-line of the events:
1. Jet and Kingfsher two major Indian airlines request for $1 billion from the government as bailout package
2. The Indian Government is not interested in such a deal and the request is put on hold .
3. Jet Airways and Kingfisher Airlines agree on a wide-ranging working alliance to help them battle slowing growth and high fuel costs.
4. Jet  fires 800 and announces another 1100 could get fired.
5. Naresh Goyal (jet airways chairman) announces that all sacked employees would be re-instated. “I apologize for all the agony you went through,” he told a news conference in Mumbai, adding that he could not bear to “see tears in their eyes”.
Mr Praful Patel (Civil Aviation Minister) said on the same day that “The airlines have sought a bailout package worth Rs 4,750 crore($1 billion) to tide over the crisis spawned by fuel costs and poor load factor.”If tomorrow no plane flies on the Indian skies, who is there to answer. There is a bad patch in the industry and it needs to be resolved,” he said.
In the coming days people will get to know that a bailout deal has been agreed upon by the government. Can the government afford to be unpopular during election year? i do not think so

So who turns out to be a looser in this :

1. Indian TaxPayer (as 1$ billion of the tax payer money would be used to bailout these companies)
And the winners are
1. Kingfisher Airlines
2. 800 Jet Employees
3. Jet Airlines
4. and  MNS , whose leader threatened on Wednesday that he would not allow Jet flights to operate in Maharashtra if the sacked employees were not reinstated

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