Word: rental
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...With more than 1,000 new hooks that developers can tap into, third-party iPhone programmers are having a field day with the 3.0 operating system. The iPhone is becoming a platform for precisely the kind of cheap and disruptive technologies that fuel start-ups. The car-rental company ZipCar, for instance, showed off an app that lets you lease a car from your phone and points you to the parking space of the car itself. When you get close to the car, the iPhone can unlock the automobile as if it were a key. Seriously, how cool is that...
...23rd straight daily gain on Wednesday, closing at 4,291, its highest mark since September and the longest streak of gains since July 2006. Daily rates for the largest Capesize ships, which typically carry iron ore, rose 6.8% on Wednesday to $93,197. Just five months ago, daily ship-rental rates were hovering just above $2,000, about the price of a great seat on opening day at the new Yankee Stadium...
...which includes an ocean-view room, a birthday cake and champagne for $99 per person per night. If you can afford to stay awhile, the "Miami Beach" package gets you three nights for $93 per person per night, including breakfast every day, one lunch, one dinner and an economy rental car (the total comes to $560). 6701 Collins Avenue, Miami Beach...
Parkus concurred that the stress tests probably went too light on potential losses. He expects that a little over $1 trillion in commercial real estate loans will be up for refinancing in the next four years. Because of falling real estate prices and lower rental incomes, he said, as many as two-thirds of those loans may not be eligible for refinancing and could end in default...
Fill 'Er Up. Who hasn't searched for a gas station in a mad rush just before returning a rental car? Lest you miss your flight back home, remember that Enterprise, National and Alamo charge about $3 per gallon to fill the tank - compared with $6 to $8 at other rental agencies - if you bring the car back empty...