Word: refundability
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...that stage will be dismantled - and AEG must deal with the financial aftermath. Jackson's death means the firm will have to refund $85 million in ticket sales. The company will also miss out on expected profits of $115 million from VIP packages and merchandising, and it will lose the chance at an additional $450 million from the three-year worldwide tour they hoped would follow the London gigs. (See the top 10 Michael Jackson moments...
...companies are trying to find the triggers they have to pull on in order to make people feel comfortable about spending money. The best example of that was Hyundai, which said you can return your car within a year if you lose your job and get a refund. That's a major change you will see in marketing. And then you will see companies start to build the very functional, practical dimensions of their brands. If you take Louis Vuitton as an example, they will say, "In the future, when you buy a Louis Vuitton bag, it's not just...
...splurging out of frustration or some misguided notion that you will help rescue the economy, think again. Spending to feel better is a temporary fix and usually just buries you further and makes you feel all the worse later on. Think about how you spent your refund last year. Wish you had the money back? As for the economy, that's not your responsibility and it will actually do better in the long run if you save and invest. So cut costs and live within your means, and use your refund for a onetime...
...Click here for 10 ideas on how you can spend your refund for solid financial and happiness returns...
...USTIA - and depends on your age, your itinerary, how far out you are booking and the cost of your vacation. Depending on the policy you buy, the insurance plan may get up to 70% of your money back from airlines and hotels; you won't get a full refund. But the good news is that, as of May 1, Travel Guard said it is still insuring vacations to Mexico...