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Air Travel by the Pound and Other Odd Airline Pricing Schemes

After tiny upstart carrier Samoa Air announced it would start charging passengers based on how much they weigh, travelers reacted by calling the pricing model wacky, impractical, even discriminatory. But it’s only one of several weird, possibly unwelcomed ways that flights might be priced down the line. Samoa Air’s announcement of a “pay-by-the-pound” model didn’t come completely out of the blue. Ryanair, the notoriously fee-happy European carrier, floated the possibility of a “fat tax” on overweight passengers a few years ago, though the main point may have been to generate publicity. Southwest Airlines has periodically drawn attention over the years due to its policy of forcing larger passengers to purchase two seats. Just days before Samoa Air introduced its new pricing policy, a professor from Norway published a report making the case that charging passengers based on total weight—person and baggage combined—is a policy that all airlines should consider, in order to ...

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Found 1 month ago on channel TIME Business

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Why the Elites Are Losing Sleep

Who says nothing gets done at the World Economic Forum in Davos, Switzerland? As the weeklong winter fest, which costs tens of thousands of dollars to attend, has grown over the past decade, it has become as much about dealmaking as about brainstorming solutions to the world’s problems. In fact, gray-suited consultants slipping around the Magic Mountain in their city loafers now seem to outnumber genuine thought leaders (to use a very WEF term) by about 2 to 1. Still, the elite haven’t abandoned Davos. This year’s shindig drew several heads of state, the world’s top bankers and a good helping of Fortune 500 CEOs, Nobel laureates and rock-star entrepreneurs (though, for once, no rock stars). Davos remains, as Foreign Policy Group CEO David Rothkopf put it, “the factory in which conventional wisdom is manufactured.” And so it is in that spirit that we offer this year’s best takeaways, factory-direct. A New Bubble? We are now in historically uncharted territory in terms of how ...

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Found more than 1 month ago on channel TIME Business

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Video: Amazon hiring 50,000 holiday workers

Citigroup's CEO steps down, European regulators are asking Google to change its new privacy policy, and Amazon is hiring 50,000 workers to help process orders this holiday season. Ashley Morrison reports.

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Found more than 1 month ago on channel CBS

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Ireland: ESMA Guidelines On Remuneration Policies Under The AIFMD - Mason Hayes & Curran

The European Securities and Markets Authority (‘ESMA’) has published Guidelines on Sound Remuneration Policies under the Alternative Investment Fund Managers Directive (‘AIFMD’).

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Found more than 1 month ago on channel Mondaq

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