DIRS.INFO The most relevant business & tech news

☆ Analysis: Some ocean shipping rates collapsing, but real price relief is months away
▼ + stars: | 2023-01-09 | by ( Lisa Baertlein | ) www.reuters.com time to read: +4 min

They're not interested in playing the (spot) market" by shopping for lower rates, shipping expert John McCown said. The chief executive of container shipping company Ocean Network Express, Jeremy Nixon, said in December that short-term spot rates were "bottoming out." Meanwhile, long-term contract rates finished 2022 about 20% lower than the pandemic peak of more than $8,000 per container, according to maritime consultancy Drewry, which expects contract rates to halve in 2023. Several factors could support longer-term contract rates, including upheaval from China's COVID outbreak, war in Ukraine, and high labor costs. Steve Schult, vice president for almond farming cooperative Blue Diamond Growers, bets contract rates will not revisit pre-COVID levels.

☆ Life at Wall Street headhunting firm Durlston Partners appeared picturesque, but some insiders say that wasn't the reality
▼ + stars: | 2022-12-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

Life at Durlston Partners. Insider's Alex Morrell has a gripping report on life at Durlston Partners, a headhunting firm that places talent at some of Wall Street's biggest buy-side firms. Durlston Partners, or "DP" as it was known within the company, promoted an unbeatable culture. Click here to read more about life inside Durlston Partners and allegations about the leadership of Bahram. Jamie Dimon's 17-year tenure on the top of JPMorgan has made him the face of Wall Street.

☆ Here’s how much money you’re entitled to if an airline bumps you from an overbooked flight
▼ + stars: | 2022-12-21 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

US regulations say you're entitled to a payout if you're involuntarily bumped from a flight. If an airline bumps you from an overbooked flight, you may be entitled to significant compensation. For domestic flights, passengers delayed by 1-2 hours are entitled to 200% of their one-way fare. For international flights, passengers delayed by 1-4 hours are entitled to 200% of their one-way fare, also capped at $775. According to the DOT, passengers aren't entitled to a payout if they're involuntarily bumped due to an aircraft change or weight and balance issues.

Economic worries have made this holiday season particularly stressful for some. The holiday season can bring out the absolute worst in some kids. Some parents welcome that break from structure, and that’s OK. “Parents get to decide what works and what doesn’t work with their family,” Dr. Naumburg said. “Gratitude and savoring are the opposite.”Dr. Kurtz recommended starting a simple gratitude practice early in the holiday season. As the holidays unfold, make an effort to savor the season, Dr. Kurtz said.

☆ An airline told a couple's teenagers to fly from Ireland to Florida alone after it overbooked a flight, reports say
▼ + stars: | 2022-12-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

A family traveling from Belfast to Florida via London was reportedly split up after an airline oversold a flight. They were due to fly to London and then onwards to Orlando, but check-in staff told them their Aer Lingus flight from Belfast to London was overbooked. Kitchen told "On Your Behalf" that airport staff told her there was no room for two of the children. We had no say in this decision and that upset me," she told the radio show. They weren't given any flight details – they were just told to go to an Aer Lingus desk," she said.

☆ Aaron Carter remembered: Backstreet Boys and Melanie Martin pay tribute
▼ + stars: | 2022-11-07 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —Aaron Carter’s death this past weekend at the age of 34 continues to lead to an outpouring of grief from friends, family and fans of the late recording artist. After posting a tribute on Instagram to his younger brother, Backstreet Boys member Nick Carter broke down in tears during the band’s show at the O2 Arena in London, according to multiple videos shared on social media. “Nick’s little brother, Aaron Carter passed away yesterday at [34] years old. Aaron Carter’s former fiancée and mother of his young son, Prince, uploaded a TikTok video of herself mourning the news of his death. “Hit me whenever, FOREVER.”The cause of death for Aaron Carter is pending additional investigation, according to the LA County Coroner.

☆ California just took a major step to try to solve the housing crisis that's left students 'sleeping in their cars, parking lots or classrooms' in college towns like Santa Cruz
▼ + stars: | 2022-10-16 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +8 min

In the city of Santa Cruz, for example, affordable housing is so scarce some University of California students sleep in cars or classrooms. The most notable aims to alleviate California's housing crisis by permitting home construction on non-residential lots previously zoned for retail, offices, and parking. Owens hopes it will also ease the woes of UCSC students who can't find affordable housing on campus. According to the university, UCSC currently has just under 10,000 total spots available in campus housing for undergraduate, graduate and family housing. "A lot of the people who are bidding in Santa Cruz, don't have the income to match what landlords are asking," Owens said.

Search resuls for: "overbooked"

7 mentions found