Word: oversold
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Hong Kong is old hat, Shanghai is oversold and even Lhasa is getting pass?. But Beijing? This formerly stodgy, sprawling, communist capital is the new thing. There is a rave on the Great Wall every summer, and Starbucks opened in the Forbidden City last October. But how do you separate the merely new from the truly hip? Here's our guide...
...looking to get between points A and B in the fastest and cheapest way possible are stuck with an unenviable choice: Spend around $150 to (maybe) get a seat on a N.Y.-D.C. Amtrak train, or spend slightly less to fly. Standing in the aisle of an oversold unreserved train this winter, I (belatedly) began to wonder if underneath all this frustration, someone is trying to tell me something. Something that probably sounds a lot like, "Buy a car, dummy...
...matter how valuable the loss. (On international flights, on which loss is measured by weight rather than value, you will be reimbursed no more than $9.07 per lb.) The second right is that passengers must be compensated if they are "bumped" from a plane that has been oversold. The amount owed the traveler depends on the price of the ticket and the length of delay in eventually arriving at the destination. If the airline gets you home more than two hours after you were due, for example, the compensation is double your fare, up to a $400 maximum...
Well, the bounce held for a day. After a we-oversold-yesterday bull session that almost none of the Street's pundits was willing to declare the end of the slide, the lately ailing indexes were all in the black, with NASDAQ soaring a fabulous 241 points (almost 8 percent, the second best of all time) and the Dow regaining 157 of its 379-point Thursday plummet. It was the right sort of rally, steady and uninterrupted, and it's sure tempting to look at the previous sessions' new lows - 3074 for the NASDAQ...
...puff out through the one-way mouth hole - and you're back in the pink, congratulating yourself on your fortitude and staring quizzically at the masked-and-gloved drill sergeants burning the CS sticks, wondering if the drama of this boot camp ordeal, like so many others, had been oversold...