EU Allows Lufthansa To Take $10 Billion Subsidy, Keep German Protectionism

May 30 2020

Lufthansa was given slots at congested airports – a huge government subsidy. Those slots were made perpetual property rights of the airline. That’s a barrier to competition. The E.U. has rules against subsidies. To waive them, and allow Germany to provide a $9.8 billion injection into the airline, they wanted competition, but they’re unlikely to get it.

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It’s Official: Greece Re-Opens To Tourists From Around The World July 1

May 30 2020

Greece will begin opening to tourists June 15 and then open up to the world starting July 1. And once you can enter Greece, you can probably visit most of Europe.

And with no more than the possibility of random coronavirus testing, there won’t be many hurdles to visiting – although that doesn’t offer the assurance that everyone else you encounter has been tested.

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Warren Buffett’s Advice To The CEO Of American Express

May 30 2020

It’s important to define who you are, and tell that to your customers. It’s also important to tell that to your employees, so they know how to make decisions inside the company.

Apple can focus on creative types, empowering them to pursue their missions and dreams. Nike can celebrate great athletes. Very few companies have been able to create a clear purpose that customers associate the way American Express has. Without that brand American Express might as well be Discover.

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New Research Shows Trump China Travel Ban Was Ineffective, And Europe Ban Came Too Late

May 29 2020

New research suggests that the ban on travel from China was ineffective while it’s only the ban on travel from Europe that, as I’ve argued before, came too late.

It also suggests that while China clearly less than forthcoming about the initial outbreak of the virus, and effectively assisted in coverup up by the World Health Organization up through January 15 (when the WHO declared there was still no evidence of person-to-person transmission of the virus), there was still plenty of time to act to contain it. Indeed, the people who brought the virus here which actually spread it into an outbreak didn’t arrive until around two weeks after the first travel ban was put into place by the U.S. government.

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World Famous Cellist Banned From Delta Has Passed Away

May 29 2020

Harrell’s cello was naturally a valuable item and he used to purchase an extra seat on the plane for the cello when he traveled. He was a Delta frequent flyer, and he thought that if the cello had a seat that the instrument should also be a member of SkyMiles accruing points for the ticket purchases. Delta warned him in 2001 that SkyMiles membership was limited to people, but Harrell persisted. He continued earning miles for his cello successfully for many years and then eventually in 2012 was banned from the SkyMiles program.

His story was featured on The Colbert Report where I appeared in defense of Delta.

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