Word: logic
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...configure 10 of its 57 planes for budget flights by September, says Air India managing director Arvind Jadhav. The company plans to increase the number of budget flights a day from 25 initially to 43 by October. Ticket fares will be down 25% making it attractive for fliers. The logic, says aviation minister Patel, "is to fill up seats and operate at lower costs." Unlike its parent, the profitable Air India Express operates as an independent company with lower overheads. Besides, with no business seats they will be able to pack in more people at a time when the passenger...
...57am: Someone informs them in Serbian that we are absolutely not going with them. My boyfriend's sister and I determine through drunken logic that they must be either cult members or swingers...
This, you might be asking, is the good news? Well, yes, it is, because a housing recovery isn't just about bottoming out on price. What is more important for a healthy market is that there be a prevailing logic or reason - rooted in local neighborhoods, in local economies - for houses to cost what they do. And that sort of logic, as illustrated by Boise, is reclaiming the housing market from coast to coast...
None of this means everyone's happy. In fact, one of the ways in which Boise reflects a return to local logic is the city's rising foreclosure rate. It hasn't been tricky subprime and Alt-A loans tripping up the folks in Idaho; it's been the flailing economy. At 10.1%, Boise's unemployment rate is above the national average and nearly twice what it was this time last year. As big employers such as HP and semiconductor maker Micron lay off thousands of workers, job losses cascade through other industries and small businesses. If people...
...recording industry now has to defend the logic of imposing bankrupting damages," Nesson said. "This is only the beginning...