The full-body scanners being rolled out at security checkpoints in U.S. airports are either of the millimeter-wave type, which uses radio frequency waves, or the backscatter X-ray type, which uses ionizing radiation — and which has effectively been banned from use in European airports. [More]
As the Euro drops to its lowest level against the American dollar in months, you might want to check out deals to head to Europe for a cheaper fall vacation. [More]
In order to explain the Euro debt crisis, Michael Cembalest, the Chief Investment Officer of JP Morgan’s private bank, sent around a research note that used Legos to depict the different players. The Legos were fashioned by his 9-year old son. This really happened. Here’s the legend to explain which parties each figure represents, or you can play a fun game and guess on your own first. [More]
This summer, Abe went on a trip through Europe this summer with his wife and kids. One night, he made a hotel reservation using the Expedia iPhone app. But when he arrived at the place, it was already past check-in time and no one was around. When he called Expedia for a refund, they said no, because the check-in time was disclosed on their website, even though that information was not available through the iPhone app at all. [More]
German sprouts are not the cause of the deadly e.coli outbreak that has killed 22 and sickened over 2,000, according to initial tests of samples from a farm that a German agriculture minister had earlier named as the epicenter. The retraction is only the latest in a series of confusing finger-pointings and “cucumber slurs,” and has left European consumers afraid to eat a salad. [More]
A virulent strain of antibiotic-resistant E.coli has left 18 dead in Europe, left over 1,800 sick, and touched off a continent-wide scare against all produce, suspected to be the source of the infection. [More]
There’s no such thing as “pure chocolate,” says a European Union high court, and the phrase cannot appear on the front of candy packages. [More]
The “rogue trader” who cost his former employer, French bank SociÃ©tÃ© GÃ©nÃ©rale, $7.1 billion through a series of high-stakes bets that leveraged fictitious transactions outside his trading limit was sentenced today to 3 years in prison and a “symbolic” $6.7 billion fine. [More]
Been waiting for H&M and Zara to launch real e-commerce ventures? Well, unless you move to Europe you’ll be waiting a little bit longer. [More]
It’s summer (at least in the northern hemisphere), which means people of all shapes and sizes wearing all shapes and sizes of bathing suit. That also means that some of these people in swimsuits will also attempt to enter stores and restaurants. But now, even in places with historically liberal views on showing skin, there’s a backlash against sporting a bikini anywhere other than the beach. [More]
A McDonald’s worker from the Netherlands was fired after she gave a cheeseburger to a colleague who only paid for a hamburger. A court has found that this is not a good enough reason to fire someone. [More]
The Washington Post writes that a national sales tax, known in other countries as a value-added tax or VAT, is getting some attention in DC, even among Democrats, who traditionally don’t favor regressive taxing schemes. The article notes some pros and cons about a VAT, as well as the small problem that imposing a 25% sales tax on everything would be political suicide.
Here’s some weird news from Switzerland, a seven year old girl has “allegedly” found a condom amongst her French Fries in her McDonald’s Happy Meal.
“Maybe O’Leary was just taking the piss this morning… Michael makes a lot of this stuff up as he goes along and while this has been discussed internally there are no immediate plans to introduce it,” said a RyanAir spokesperson in response to the CEO announcing this morning they were thinking about having coin-operated lavatory doors onboard the aircraft.
Ultra low-cost Irish carrier RyanAir is thinking about putting a coin slot on lavatory doors so passengers will have to pay when they empty their loose change from their coin slot.
The debate on the BBC news right now is who is cooler, America or Europe. Europe is getting props for acting speedily and decisively in contrast to Paulson’s pace, which is getting characterized as dawdling and indecisive. Some of the very policies Treasury derided, they’re now considering since Europe enacted them. The ex-Reagan economic adviser talking head says it’s nationalizing risk, a backdoor way of calling them socialists. However, it wasn’t until Europe’s “socialistic” actions did the markets rebound. Who is right? Only time will tell; we’ll see if the rally sustains or is just another fitful shiver in this economic fever dream. The key here is confidence, and it seems to be the most precious and rare commodity on the face of the earth right now.