For Friday, March 11, 2011
POSTED: 1:30 a.m. HST, Mar 11, 2011
It's unconventional but not entirely surprising: Allegiant Air is proposing a new fare-pricing scheme that lets buyers purchase tickets and assume the risk if oil prices go up or down.
Here's the gimmick: Travelers can choose either a traditional fare or, for a lower price, a variable fare. Should oil prices rise by the time they fly, they pay the difference, but if they fall, they get a rebate.
Kind of like gambling, right?
And guess where the airline is based?
You guessed it: Las Vegas.
Chances are the travelers booking flights into Sin City will be the most eager to roll the dice on this.
Eighteen years after being returned from Hawaii to the Philippines, the body of former President Ferdinand Marcos has a chance of being buried with honors in a cemetery alongside other prominent figures. Current Philippines President Benigno S. Aquino, though, has stepped away from handling this decision because of admitted bias — Marcos is believed to have had Aquino's father assassinated in 1983 — and assigned the issue to his vice president, Jejomar Binay.
Marcos died in 1989, three years after being flown to Hawaii in disgrace, and his body was returned to the Philippines in 1993. The body is preserved in a transparent coffin in his hometown of Ilocos Norte Province. It may well stay there as Filipinos elsewhere are not likely to forget his repressive rule.