1
Nov

Money talks

1
Nov

RFIDs are set almost to eliminate lost luggage

HAVING bags go astray on a flight is rare but infuriating. Indeed, according to a study by Skytrax, lost luggage was passengers’ number one complaint last year, beating even flight delays and cramped seats. That frustration could become rarer still. The aviation industry is increasingly using radio frequency identification devices (RFIDs, pictured) to track bags. Airlines have begun to attach these RFIDs to luggage tags. Doing so could significantly reduce the number of bags that are mishandled.

Research by SITA, an IT firm, and the International Air Transport Association, an industry association, found that a widespread adoption of RFIDs could allow 99% of bags to be tracked successfully. Already, other new technologies have cut the number of mishandled bags in half since 2007. RFIDs could reduce that number by a further 25% over the next six years, even as volume continues to increase.

Currently, as the Los Angeles…Continue reading

1
Nov

Thomson Reuters despedirá a 2.000 empleados en todo el mundo

La compañía precisa que el proceso de reestructuración no afectará a la redacción de la agencia de noticias

1
Nov

There are better and worse arguments for keeping interest rates low

With the Federal Reserve set to raise interest rates in December, my colleague R.A. argues that:

Fed members argue that they are choosing to raise rates now, before inflation has returned to target, so that inflation will not jump above 2%, forcing them to raise rates in a much more rapid manner. If the choice is between above target inflation and a recession, the Fed will take the latter. They are prepared to risk keeping inflation from ever getting to target in the first place (and also a recession) by raising rates with inflation below 2%…

and that:

…recent experience has probably distorted central bankers’ perspective, and made them excessively quick to see inflation in the data and react to it

His criticism of the Fed combines multiple lines of argument. One is that central bankers are too keen to spot inflation in the data. That is probably…Continue reading

1
Nov

Japón asume que no logrará su objetivo de inflación a corto plazo

El Banco central nipón pospone por quinta vez y hasta 2019 su meta de que los precios aumenten alrededor del 2%

1
Nov

El Estado dejará desierta la subasta de BMN si las ofertas son bajas

El FROB contratará a dos asesores: uno para analizar la unión con Bankia y otro para estudiar las ofertas de los competidores

31
Oct

Las autonomías del levante peninsular tiran de la economía

La Comunidad Valenciana, Murcia, Baleares y Canarias crecen más que la media

31
Oct

Aviation executives doubt a third runway at Heathrow will be built anytime soon

LAST week, the British government gave London Heathrow airport the go-ahead to expand. The decision to allow it to build a third runway had been a long time coming. It is 70 years since the area around London last saw a new one built, and Heathrow, Europe’s busiest hub, is operating at 99% capacity. But already two aviation executives have expressed their cynicism about whether a runway will be built anytime soon. Or to cost.

Willie Walsh (pictured), the boss of IAG, the parent company of British Airways (BA), by far Heathrow’s biggest tenant, kicked off proceedings. “Do I have confidence that the current team at Heathrow can do it?” he said in an interview on Friday. “No, I don’t.” 

Mr Walsh is not exactly a disinterested observer. The proposed £17.6bn ($21.4bn) expansion of Heathrow is to be financed privately; IAG fears that this will mean higher charges for BA. Even before the vote Mr Walsh, perhaps disingenuously, had come out against the building of a new runway for this reason. Last year, after the Airports Commission had…Continue reading

31
Oct

La economía europea sigue sin hallar la fórmula del crecimiento robusto

La inflación repunta hasta el 0,5%, máximos de hace más de dos años, mientras que el PIB avanzó un débil 0,3%

30
Oct

En Galicia se hereda en vida

Los pactos sucesorios suben más del 70% tras una sentencia del Supremo que exime de las ganancias patrimoniales