THIS week, United Airlines introduced the change that no flyers were eagerly awaiting: “basic economy” class. You might think that some budget-conscious travellers would welcome the arrival of the new no-frills designation, which offers the lowest fares but strips away flyers’ ability to select their seats, bring full-size carry-on bags onto the plane and earn […]
FOR most people, the only reason to associate skiing and insurance is in the context of accident cover. Few are aware that AIG, a large American insurer, has owned and operated Stowe, a famed ski resort in Vermont, for nearly 70 years. But on February 21st, it announced a $50m deal to sell it to […]
THERE exists a genre of information which might be termed “little-known facts that everyone knows”. It is the sort of tidbit you expect to amaze your friends at a dinner party, but which is greeted with rolled eyes. Casinos don’t have clocks or windows. Alanis Morissette’s song “Ironic” contains no example of irony. The body […]
Could the rise of renewables be putting the traditional electricity market into a crisis? Also: Economist Diane Elson takes governments to task about the gender biases in their economic policies. And how the Brazilian government is tackling one of its biggest financial problems: pensions.