With Continental’s year-end earnings forecast, they announced an update on their alliance realignment after several months in limbo. Continental leaves Skyteam on October 24th, with entry in to Star Alliance coming soon thereafter.
I’m going to miss Northwest, but with the takeover by Delta, I’m happy to switch to a CO-UA based alliance. Of course, the devil is in the details.
Merck yesterday announced earnings which beat expectations. Most important, the increased 2008 earnings increased the 2008 company scorecard results.
Today is national Letter of Intent signing day, when college footbal recruits sign their binding letters to attend the univeristy and join the team in the Fall. Here is the current, expected list (via rivals.com and scarletnation.com) of signees.
There are also still some outstanding recruits that might announce for Rutgers, including Malcom Bush and Justin Brown. No matter what happens, though, this represents the BEST class in Rutgers football history.
*Recruit has enrolled for the Spring 2009 semester
I read this article last week on the NY Times website with some amusement. Here’s my question: is money fungible?
These lines are what I’m referring to:
Mr. DiNapoli said in an interview with Mr. White that it was unclear if banks had used taxpayer money for the bonuses, a possibility that strikes corporate governance experts, and indeed many ordinary Americans, as outrageous. “The issue of transparency is a significant one, and there needs to be an accounting about whether there was any taxpayer money used to pay bonuses or to pay for corporate jets or dividends or anything else,” Mr. DiNapoli said in the interview.
If money is fungible (which basically means that any item of the type in question can be substitued for any other), then by definition taxpayer money was used for bonuses. Even if it came from a separate line item in a “budget”, that’s just an artificial boundary.
Who doesn’t like pirates? Or pirate utopias? If you do, check out this story about Kowloon’s Walled City.