Word: one-way
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...route between luxury hotel and garbage dump has traditionally been one-way. Yet this is set to change, with an innovative project in Cambodia granting street kids a chance to work in the upper echelons of the hospitality industry. Shinta Mani, tel: (855) 63 761 998, is a crisply designed, 18-room, $130-per-night boutique hotel, which opened last year in Siem Reap, 6 km from Angkor Wat. But it also doubles as a vocational training institute, and its first classes, for some 16 youngsters, began earlier this month. The students?some of whom previously survived by scavenging...
...Europe, Air Polonia is flying within Poland and to London's Stansted Airport. To the south, Wizz Air, a Hungarian carrier, starts service in Eastern Europe in May, with an average one-way fare of $60. Even farther south, Qantas, Australia's biggest airline, begins service linking more than a dozen cities on Jetstar, going head to head with Virgin Blue. In the U.S., veteran no-frills flyer Southwest Airlines will take on U.S. Airways in Philadelphia. Southwest will offer $198 round-trip fares to cities like Phoenix, Ariz., and Las Vegas; USAir vows to make it a nasty fight...
United launched its discount Ted carrier last week, which replaced some regular United service to such cities as Denver, Las Vegas, Phoenix, San Francisco, New Orleans and Los Angeles. The airline promised that no one-way Ted fare would ever go above $299. Taking Ted from San Francisco to Las Vegas costs $219, far cheaper than a regular United flight on the same route ($710) or than an America West flight ($347). But like the new paint job, most of Ted's other changes seem superficial. The staff were United attendants wearing orange baseball caps and TED'S FRIEND buttons...
...RETURN OF RISK AVERSION After Greenspan's rate signal, speculative investments like emerging markets and small stocks stumbled. "This may be the inflection point, where investors decide that risk is no longer a one-way bet," says Tom Gallagher, an analyst for ISI Group. Last year stocks of companies that lost money rose 132%, while those of companies that posted a profit rose just 43%. Rising rates have a way of dampening speculation and should bring safety (and sanity) back into focus. So stick with blue chips that pay a dividend. The Dodge & Cox Stock Fund is a long...
Stephen Kulakowski sat in the boarding area at Boston's Logan International Airport earlier this month, waiting for his JetBlue flight to Orlando and looking apprehensive. It was only the fourth airplane trip for the 19-year-old college freshman. But what really worried him was the suspiciously low one-way ticket--priced at $92.60--on an airline he had barely heard of. By the time he landed in Florida, the experience on board had left him wanting to fly again. "The flight attendants greeted everyone, the leather seats made it feel like first class and the satellite TVs were...