Monthly Archives

Monthly Archives for April 2003.

50% Off Hotels in Hawaii

Rack rates (“full asking price”) for hotel rooms often prevail in Hawaii. Starwood is offering 50% off coupons for 13 Hawaiian properties. Just click on the link above and e-mail yourself a coupon. Update: Coupon terms and conditions say you need to be a United Airlines elite member (Premier, Premier Executive, 1K) in order to use this certificate. My best guess is that you won’t be required to show proof of United elite status. A simple “I forgot my card” should suffice even if you’re asked. But your mileage may vary.

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USAirways CEO interviewed

In today’s Washington Post, USAirways’ CEO outlines steps for emerging from bankruptcy, criticizes airlines’ attempts to build low cost carrier subsidiaries (including the efforts of his airline’s partner, United), and dismisses Congressional proposals to limit airline executive pay — while foolishly arguing that Congress should target individual executives instead. His steps for emerging from bankrupty are feel good truisms. His criticism of low cost carriers are probably right on, but the piece doesn’t develop them. And while he meanders to the right conclusion that Congress shouldn’t butt into CEO pay (presumably purely out of his own self-interest), it’s surely a bizarre suggestion that Congress should get in the middle of specific pay packages. American law doesn’t look too kindly on bills of attainder. And if the arguments are valid against regulating pay packages writ large,…

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I could do a whole lot of travel with $189 million

One of the things that I do in my ‘real life’ is help individuals with a charitable purpose minimize their tax burden. Most folks just make gifts of appreciated stock, which provides the double benefit of a tax deduction for the gift value and avoidance of the ccapital gains tax on the appreciation of the asset. But there are all sorts of things that people can do, including transferring assets to limited partnerships whose shares have less value than their underlying assets because they carry no voting rights (although after the general partner’s death, presumably those voting rights transfer). This is an interesting way that many folks minimize their estate’s value for taxation purposes. Similarly, some people gift a percentage interest in their home each year while maintaining the right to live in that home…

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Reader Mailbag

Karol writes: I have a question. Do you switch back and forth between phone companies for the miles and if so, does it work? Actually I don’t, but that’s just because I have a cell phone only (no home phone) and switching providers just isn’t that easy with a cell. But I used to. Sprint had a great offer once upon a time that paid out 40,000 Northwest miles in a year. I’ve also earned United signup bonuses more than once. The thing to be careful about with miles earning phone plans is that the phone company will often default to an expensive plan. Be sure you understand the terms of the plan you’re signing up for and if it doesn’t fit your calling pattern ask for a different one. For a pretty comprehensive list…

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Why I’m Spending My Miles

My approach to award travel this year is very different than in years past. I used to act almost as though miles for accumulating, but that I pretended they couldn’t be redeemed. Ever. I built up some very big mileage balances. This year, I’m taking a radically different approach. My business trips are on paid tickets and I earn mileage for those. All but one of my personal trips that have been booked since Thanksgiving of last year have been award tickets. Two things play into the decision. First, given the uncertainty surrounding the major carriers, I’d rather keep my money and spend my miles. I know that Randy Petersen, who is far more expert about these things than I, says not to change redemption patterns because the miles will survive (he’s a bit more…

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