Flying the Pricey Skies, Tesla’s Going Ga Ga For Giga, and Swiss Diss

What’s your loyalty worth…

Photo courtesy of bplanet/FreeDigitalPhotos.net

Photo courtesy of bplanet/FreeDigitalPhotos.net

“A new model for earning miles will increase rewards for those who spend more as well as differentiate the SkyMiles frequent-flier program for our premium travelers,” says Jeff Robertson, the Delta Vice President who oversees the airline’s loyalty operations.  But just how loyal are you going to feel towards Delta? If you spent a big chunk of time racking up frequent flier miles on Delta, you might want to start cashing them in.  In about ten months they’re making some big changes to their rewards program that you might not find so rewarding.  Delta’s not gonna care how much you’ve flown and how much time you’ve spent on their aircraft – only how much cash you shelled out to have the privilege of flying with them.  Yep.  Mileage reward based on actual miles traveled will be a thing of the past.  If you’re looking to get rewarded your gonna have to pony up. While they’re not the first company to that, they are the first of the bigger airlines to do it.

The excitement is electric…

Photo courtesy digitalart/FreeDigitalPhotos.net

Photo courtesy digitalart/FreeDigitalPhotos.net

It’s good to be Elon Musk these days.  The Tesla Chief Executive is gearing up to build a gigafactory.  Now what on earth is a gigafactory, you ask?  You could say it’s a battery factory.  But that would be like saying a Tesla is just a car, which – let’s be real-  is so much more.  Because Morgan Stanley is just as stoked,Tesla’s market value went above $30 billion.   And if you were on the fence about acquiring the sweet battery-powered ride, know that it just became the first US car to receive  “best overall pick” in Consumer Reports magazine.

Yodel-ey-hee-boo-hoo…

Photo courtesy bplanet/FreeDigitalPhotos.net

Photo courtesy bplanet/FreeDigitalPhotos.net

Doesn’t look like Credit Suisse will be yodeling a happy tune any time soon.  Switzerland’s second largest bank acknowledged misconduct by a small group of private bankers.  Well that’s a relief  – just not a tax relief. Credit Suisse Chief Brady Dougan  – who happens to be a US citizen  – deeply regrets “that some Credit Suisse bankers appear to have violated US law.”  Rest assured that the bank’s management had allegedly no knowledge that nearly 22,000 US customers were hiding $10-12 billion in assets with them.  But you really gotta wonder what that says about their management skills. 

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