JFK Baggage Malfunction Reminds Us: Aren’t Baggage Fees Fun?

That second checked bag better be full of $100 bills or at least cocaine, because you’re gonna need it with these new extra fees announced today.

Less than 3 months after introducing the first extra fees for a second checked bag, Delta airlines has resorted to doubling said fee. It will now cost you at least $50 to bring that second bag with you.

But oh no, that’s not all. Check out some of these other significant increases:

1. The cost of checking a 3rd, 4th, or 5th bag will raise from $80 to $125 apiece.

2. Up to 3 bags are still allowed free of additional charge to first class and frequent flier members. However, a coach traveler going overseas will now pay $150 for a third checked bag.

Read the full story here

-OR-

Read about the JFK baggage malfunction that has passengers choosing whether to arrive with no baggage or hope for a later flight




Pax fined for failure to screen investment funds (AP)

AP - Pax World Management Corp. has agreed to pay a $500,000 fine because it failed to follow its own socially responsible investing criteria over a five-year period, when two of its mutual funds invested in off-limits industries such as gambling and liquor, and oil and gas exploration.

Turning Green Trash Into New Money

According to Business Week, innovative companies are sifting through the nation’s trash and initiating a campaign to capitalize on the new found wealth of the recycling industry. Investors perceive the profit in waste recycling or the “cash in trash.”

Recyclers can make vast profits from combing through ordinary rubbish, processing it, and then reselling it to other companies. And that leads to another, bigger thought: Trash is no longer just an environmental liability. It is becoming a financial asset. And it is everywhere. […]The possibilities have venture capitalists and buyout firms scrambling to invest in a melange of quirky startups that might have provoked belly laughs from these same financiers five years ago. The broad category of “waste and recycling,” which includes everything from materials recovery to sewage biotechnology, drew a record $622 million of investment in 2007, compared with $245 million a year earlier and just $20 million in 2001, according to Cleantech Group, a green investing consultancy.

Eric Prouty of Canaccord Adams, a Boston-based brokerage company, devotes his attention to 11 publicly traded companies.

Since its inception late in 2006, Prouty’s six-stock Buy list has returned 180%, trouncing the Standard & Poor’s (MHP) 500-stock index’s 2% rise. His year-old “Best Ideas” list of eight stocks has shot up 150%, compared with the broad market’s 6% gain. “Recycling,” says Prouty, “might be the most overlooked beneficiary of the commodities boom.”

Cellulosic ethanol startup Coskata is backed by three venture capital firms: Khosla Ventures, Advanced Technology Ventures and GreatPoint Ventures. The company seeks to derive $1-a-gallon ethanol from landfill waste, which is equivalent to the cost of ethanol made from Brazilian sugarcane. This “dump-to-pump” process uses botulism-related bacteria that consume the gas made by waste and in turn emit ethanol. Coskata produces 7.7 times the energy that corn-based ethanol yields. The company’s new trash power technology is the ideal beginning for the recycled fuel industry.

According to Treehugger, Coskata’s cellulosic ethanol bioreactor is a “breakthrough” for both its technology and environmental conservation. The process uses half of the water that is necessary to produce corn ethanol and reduces carbon dioxide emissions by 84%. In January, General Motors took a stake in Coskata, which helped to boost its environmental commitment.

GM is pinning its biofuel hopes on Coskata, a biofuel start-up bankrolled by the likes of VC heavyweight Vinod Khosla, which has devised a commercially viable process to bring cellulosic ethanol to market by 2011. Coskata’s process relies on a 3-step syngas-to-ethanol process and patented microorganisms to produce ethanol from almost any carbon-based feedstock - garbage, plant waste, even old tires - for roughly half the cost of producing gasoline. […]The start-up expects to have a commercial-scale plant with the capacity to manufacture 50-100 m gallons of ethanol per year going by 2011.

The ever-growing green movement offers relief to investors of the recycling industry.

The optimists point to a new factor they say will help the industry withstand the next commodities bust: the green movement. Global warming has finally pierced the American popular consciousness.

Related:
::Recycled fuel techniques from the Huffington Post.

::Trash power from the Huffington Post.

Vinod Khosla, founder of Khosla Ventures, discusses the need for cellulosic biofuels on the Huffington Post.




Chevrolet To Bring Subcompact Concept Car To Market Stateside

It won’t, however, be the angular green Beat hatchback. Although a production version of that car will be built and sold in other countries, GM’s ‘car czar’ Bob Lutz has already confirmed that car, riding on the upcoming Gamma platform, won’t be headed stateside.

But that’s not a sign that GM’s scuttled their small-car programs in the U.S; it is instead a sign that we’ll get one of the other two ‘triplets.’ Chevrolet vice president Ed Peper confirmed that fact with Automotive News, although he didn’t want to comment on which model would arrive.

Read the full story here

-OR-

Check out more auto buzz at the Huffington Post Cars big news page




Iraqi Oil Disputes Threaten The Country’s Stability

BAGHDAD — A political turf war is threatening the stability of Iraq’s biggest cash cow: the embattled but so-far dependable South Oil Co.

After chasing gunmen off the streets of the southern oil city of Basra this year, Iraq’s central government is trying to reassert control over South Oil, the state-owned oil company based there. In May, Baghdad said it was reassigning the company’s top executive, Jabber el-Leaby, to an advisory position at the Oil Ministry — a move many observers see as a demotion




JFK Baggage Malfunction Delays American Airlines Flights

Luggage stacked up at John F. Kennedy International Airport today as American Airlines’ baggage system malfunctioned and forced manual screening of luggage.

The JFK baggage system malfunction caused delays for some flights and caused some passengers to simply travel without their things, leaving them behind in New York:

Workers were sorting bags by hand, but many items were not being put on flights before departure, AMR said in a statement. Delays range from an hour to an hour and a half.

“So, we are announcing the issue to passengers and allowing them to choose whether they go on the flight or not,” AMR said. “Once we have the issue resolved, we’ll get the bags that are left behind on their way to the customer’s destination and delivered to them.”

American Airlines’ stock price dropped, and the full range of consumer implications wasn’t immediately clear.

American said that once the issue is resolved, the bags that are left behind will be sent on their way to the customer’s destination and delivered to him or her.

The residual airline delays across the country caused by the JFK baggage snafu is not yet clear. Wagner said many of the delayed flights are international.

Related:
::Hey, Aren’t The New Baggage Fees Great?




Lloyd Chapman: Blackwater Gets a Billion in Small Business Contracts with Help from SBA Loophole

A new report from the Small Business Administration (SBA) Office of Inspector General found Blackwater Worldwide had received “at least 100 small business set-aside contracts, worth over $144 million, since 2000.” Additionally, the report pointed to the SBA’s highly controversial ruling regarding Blackwater’s size as a major contributing factor to the inclusion of Blackwater in federal small business contracting statistics.

In November of 2006, the SBA ruled that Blackwater was a small business by considering a substantial number of the firm’s employees to be independent contractors. According to the SBA Inspector General report, more than 1000 employees were considered independent contractors and were not counted towards the company’s size determination by the SBA. As a result, Blackwater was able to avoid the 1,500-employee size threshold for their industry and qualify for federal small business contracts. The SBA’s interpretation helped Blackwater circumvent normal federal small business size standards. Without the SBA’s loophole specifically created for Blackwater, the company would exceed the small business size standard by more than 250 employees and would not be eligible for federal small business contracts.

After reviewing the SBA Inspector General’s report on Blackwater, the American Small Business League (ASBL) launched an independent investigation into the total dollar volume of contracts awarded to Blackwater from 2004 to 2008. The investigation was conducted by reviewing federal contracting data supplied by Fedmine.us. Fedmine.us is one of several companies with access to the XML data-feed from the Federal Procurement Data System-Next Generation (FPDS-NG), the federal government’s repository of procurement data. As part of the ASBL’s investigation, it reviewed contracts awarded to Blackwater Security Consulting, Blackwater Lodge & Training and Blackwater Target Systems LLC. The ASBL found that from 2004 to 2008 Blackwater received more than $1.07 billion in federal contracts coded as small business contracts.

This appears to be yet another example of a never-ending stream of federal investigations that have all found the Bush administration to have diverted billions of dollars in federal small business contracts to some of the largest corporations in the world. It is going to take the FBI to get to the bottom of this. The diversion of federal small business contracts to large corporations was first exposed in 2002, and yet no legislation has been passed to stop it. It is unconscionable that Congress has not passed legislation to stop this problem. Small businesses are sick and tired of members of Congress that are all talk with no action to back it up. This is a problem that should have been solved six years ago.




Central banks fire new round at credit crisis (Reuters)

European Central Bank President Jean-Claude Trichet addresses the media during his monthly news conference at the ECB headquarters in Frankfurt, July 3, 2008. (Kai Pfaffenbach/Reuters)Reuters - The U.S., European, and Swiss
central banks on Wednesday extended emergency lending
facilities for investment banks and expanded other liquidity
programs to ease credit market strains that have weighed on the
global economy for nearly a year.


N.M. District Court Dismisses Claim of Associational Retaliation

Via Paul and the BNA comes a report on this United States District Court decision EEOC v. Wal-Mart Stores, Inc., in which Wal-Mart allegedly refused to hire two children of a woman who had filed a charge of discrimination with…

Electric Cars On Paris Agenda: Bike Sharing Success Spurs New Ideas

PARIS — Parisians and tourists so eagerly embraced a citywide bike sharing plan launched a year ago that the mayor is setting his sights on a four-wheeled version: electric cars.

Under the plan, a driver could pick up a car on the Left Bank, snake up the slopes of Montmartre, then drop it off _ and only pay for the minutes spent behind the wheel. But cars, even electric, are already proving more divisive than bikes.

With the price of gas steadily rising and Paris parking a permanent headache, some drivers are delighted by the new project. Others, though, see it as a step backward, fearing it could mean more traffic and dependence on cars in an already congested city.

The program dubbed Autolib’ will launch in late 2009 or early 2010 with a fleet of 4,000 electric cars _ 2,000 within Paris and 2,000 in the city’s suburbs.

Abeykoon Kapugoda, 50, a maitre d’hotel who lives in the suburb of Villejuif, owns a car. But within Paris, he prefers to take the bus because he finds parking a headache.

“If it’s easy to park at Autolib’ stations, I would use that,” he said, as he waited for his bus. “And I would definitely prefer to drive a car that doesn’t pollute.”

Car-sharing is a growing trend in many countries, with private companies such as Zipcar flourishing in cities in the U.S. and elsewhere as gas prices go up. Autolib’, however, will be run by the city of Paris.

As with the Velib’ bike-sharing program, Autolib’ users would be able to rent cars from one of 700 planned lots, both under and above ground, and drop them off at any other lot. Organizers say it is too early to discuss details such as how the lots would be monitored or whether non-French driver’s licenses would be accepted _ or even how much the cars would cost.

According to Annick Lepetit, deputy mayor in charge of transportation, Autolib’ would target those who are considering buying their first automobile _ in the hopes of deterring them from ever buying a polluting car. By putting lots in the suburbs, it also would encourage occasional commuters to choose a gasoline-free alternative to getting downtown.

Elsa Bergamo, 21, a university student, has been a Velib’ fan since day one. Like many young Parisians, she doesn’t have a driver’s license, which can be expensive to obtain. But she’s still intrigued by Autolib’.

“It’s true that not everyone can afford to buy their own car, so it could be very useful,” she said.

Yet some members of Paris’ influential Green Party have been vocal critics, even though the Autolib’ project calls for electric cars. They want to reduce car use, period.

Denis Beaupin, a Green deputy mayor for the environment, occupied Lepetit’s job before her and saw the birth of the bike-sharing program through. He says the Greens would rather see a system where shared cars were returned to the lots from which they were hired, to ensure that they are only used in exceptional situations.

But Pascal Husting, president of Greenpeace France, says he thinks Autolib’ would be a step in the right direction.

“Today we have consumer habits, whether it’s going to IKEA or elsewhere, which necessitate that once in a while, even those who can’t afford cars need to use one, and in this sense I think this will complement public transportation,” he said.

“We should be open to this type of initiative, knowing that there is not one solution to the problems of transportation and climate change.”

Financing for the project is still in the planning stages, and according to Lepetit, zero-emission hybrids could be an alternative if the city doesn’t find a carmaker with the capacity to provide 4,000 electric cars in time.

Should the future Parisian Autolib’ meet the same success as its two-wheel counterpart, it could provide a valuable boost for the capital’s mayor, who hopes to clinch the leadership of France’s Socialist Party later this year. Mayor Bertrand Delanoe has made fighting traffic and pollution a top goal in his seven years in office.

Velib’, which debuted in July 2007, has changed the Parisian landscape with 16,000 silver bikes lined up at 1,200 parking spots throughout the city. It was quickly adopted by Parisians, with 29 million rentals in a year and more than 200,000 annual subscribers.

Velib’ has earned the ire of some drivers, who say inexperienced new cyclists ride irresponsibly; three Velib’ deaths have been recorded since its start.

Velib’ celebrated its first birthday Sunday with a rare sporting honor: 365 users rode the clunky rental bikes on the final stage of the Tour de France, gliding across the finish line on the Champs-Elysees before the arrival of the Tour cyclists.




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