Economy

How to Avoid Getting Stuck With United’s “Basic Economy” Tickets

If you use third-party travel sites like Expedia or Priceline to scout for low airfare, you might not want to jump at the lowest price you see. United’s zero-frills “Basic Economy” tickets are sometimes harder to spot than normal tickets.

What Is “Basic Economy”?

Basic Economy is a new tier of plane ticket United started offering late last year. The name is a bit confusing, though, since it’s actually lower than a normal “Economy” ticket, which used to be the lowest tier for the airline. Unless you’re seriously pinching pennies, or just flying somewhere for the day, you probably don’t want one of these tickets. Here’s why:

  • You probably won’t be able to sit with your group if you’re traveling with people.
  • You board the plane last if you’re not a MileagePlus Premier member, primary cardmember of a qualifying MileagePlus credit card, or Star Alliance Gold member.
  • You won’t be eligible for cabin upgrades.
  • You can’t change flights or get a refund, except as stated in the United 24-hour flexible booking policy.
  • And worst of all, you’re not allowed a full-sized carry-on bag unless you’re a MileagePlus Premier member. If you bring one, you’ll have to pay to check your bag, plus an additional…

Craft meets crowdfunding: halting a rural brain drain in the Balkans

A Serbian social enterprise links skilled craftspeople with modern designers in a bid to reboot the beleaguered rural economy. Could a crowdfunding campaign scale operations up?

Traditional makers and modern designers are joining forces in the Balkans in an effort to halt a brain drain of young talent from local rural economies.

Centuries-long traditions of craftsmanship are being lost from the eastern European region as a result of modern mass production and limited economic opportunities. Young people are migrating to cities in search of better opportunities.

Those at Belgrade-based design network and co-working space Nova Iskra think they might have an answer. They launched a social enterprise called Folkk in 2015, which connects experienced craftspeople with emerging designers to collaborate on projects. The idea is then to give makers access to new markets, with the hope it will lead to interesting careers that will encourage them to stick around, and provide more stable incomes.

The Balkans is one of the most exciting regions in Europe, but unfortunately some of the traditions are being forgotten

“The Balkans is one of the most exciting regions in Europe,” said Marko Radenkovic, co-founder of Folkk. “With the ongoing development of the countries, there are great opportunities for local people; but unfortunately some of the regional traditions are being forgotten, like local products.”

He and his team have so far forged links between three makers and three design studios in Serbia. They have used locally sourced materials, including wood and wool, to create simple, sellable objects such as cutting boards, serving plates…

Brazilian Economy Registers First Growth in Two Years

After years of financial distress and struggle, the Brazilian economy grew by 1%, according to government agencies.

During the first three months of 2017, the Brazilian GDP grew by 1% as compared to the two previous years. This translates to an increase of nearly $500 billion dollars in production of goods and services.

The Gross Domestic Product (GDP) represents the total value of all goods and services produced over a specific time period, indicating the size and evolution of a country’s economy.

These numbers might not…

The U.S. Is Already Falling Behind On Future Energy Technology, Generals Warn

The United States has already fallen behind its rivals in developing new, clean energy technology, posing a major risk to long-term security, a group of retired military officers warned on Tuesday.

Energy demand is expected to soar by at least 30 percent over the next three decades as China’s middle class grows and countries across Africa and South Asia emerge from poverty. And, thanks to aggressive investments in nuclear, hydro and renewable energy, China and the European Union are far better-positioned to dominate those new markets, according to a new 66-page report from the CNA Military Advisory Board.

“American resolve at this point has not been sufficient to put us into the lead,” Lee Gunn, a retired U.S. Navy vice admiral, told HuffPost by phone. “We fear the instability around the world in everything from trade to political influence that will result from the reduction in American views, values and economic and political power.”

Losing control over emerging energy industries could damage national security, said retired Lt. Gen. Richard Zilmer of the U.S. Marine Corps.

Workers walk near wind turbines for generating electricity, at a wind farm in Guazhou, China.

“Leader of the free world post-World War II is something we very comfortably fell into,” Zilmer told HuffPost by phone…

‘Trump can’t cancel the momentum behind the Paris climate deal’

World leaders, cities, businesses and communities have vowed to press ahead with the Paris climate deal after President Trump announces the US’s withdrawal from the landmark agreement

Global leaders, business chiefs, cities and grassroots organisations alike have reaffirmed their commitment to the Paris Agreement after President Trump announces the US will pull out of the accord.

Frederik Dahlmann, assistant professor of global energy at the UK-based Warwick Business School, told Positive News that the president’s decision ignores the very significant shifts occurring in the global energy system.

“At a time when costs in the renewable energy sector are falling significantly and clean tech employment is reaching record levels, combined with other key economies’ desire – notably the EU and China – to accelerate rather than to stop these trends, politically the US will find itself in growing isolation, and face accusations of scientific ignorance and moral irresponsibility.”

Dahlmann, who researches the transition to a low-carbon economy, said Trump’s decision would go down in history as “significantly anachronistic and self-harming”.

US businesses, communities, cities and states are miles ahead on climate change

US businesses, communities, cities and states are “miles ahead in their assessment and responses to the threats posed by climate change”, said Dahlmann.

Trump’s statement comes just days after shareholders of the world’s largest public oil company, ExxonMobil, voted in favour of the fossil fuel giant analysing and disclosing the risks it faces due to climate change.

“Other companies are increasingly integrating proactive responses to climate change in their strategies,” said Dahlmann.“They are setting ambitious science-based carbon reduction targets and aiming to source their electricity almost exclusively from renewable sources.

“Put simply, the commercial and economic opportunities are already changing America’s competitive landscape such that [the withdrawal] will be largely seen as an unwelcome irritation, rather than…

How Much Does Wall Street Give Back?

Article Image

A small fraction of Wall Street’s capital actually goes into business investment in the real economy

A growing number of voices forcefully argues that the relationship between “Wall Street” and the real economy is tilted in favor of the bankers. Big Think contributor Matt Taibbi sees parallels between the Russian Oligarchs and Wall Street today.

How Wall Street Is Like the Russian Oligarchy Matt Taibbi

Play Video

Play

Mute

Current Time 0:00

/

Duration Time 0:00

Loaded: 0%

Progress: 0%

Stream TypeLIVE

Remaining Time -0:00

Playback Rate

1

  • Chapters

Chapters

  • descriptions off, selected

Descriptions

  • subtitles off, selected

Subtitles

  • captions settings, opens captions settings dialog
  • captions off, selected

Captions

Audio Track

Fullscreen

This is a modal window.

Caption Settings Dialog

Beginning of dialog window. Escape will cancel and close the window.

TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaque

Font Size50%75%100%125%150%175%200%300%400%

Text Edge StyleNoneRaisedDepressedUniformDropshadow

Font FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall Caps

DefaultsDone

How Wall Street Is Like the Russian Oligarchy

Matt Taibbi

Journalist

01:28

So what economic rationale does Wall Street offer for such an extensive “financialization” of society?

They argue that the financial sector is the most efficient and unbiased allocator of resources to the broader economy. It supposedly does so by quickly and efficiently diverting money to worthy projects in the real world. These might include helping small, medium and large business start new ventures, raise money to invest, create well-paying jobs, and so forth.

Retry later 

Play Video

Play

Mute

Current Time 0:00

/

Duration Time 0:00

Loaded: 0%

Progress: 0%

Stream TypeLIVE

Remaining Time -0:00

Playback Rate

1

  • Chapters

Chapters

  • descriptions off, selected

Descriptions

  • subtitles off, selected

Subtitles

  • captions settings, opens captions settings dialog
  • captions off, selected

Captions

Audio Track

Fullscreen

This is a modal window.

Caption Settings Dialog

Beginning of dialog window. Escape will cancel and close the window.

TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaque

Font Size50%75%100%125%150%175%200%300%400%