National / International News

Anxieties of flying have waned... for the most part

Marketplace - American Public Media - Thu, 2014-09-11 02:00

Thirteen years ago Thursday, the world was rocked by the terrorist attacks on New York City and Washington, D.C. While none of us will ever forget that day, for one industry the anniversary casts a shadow on the bottom line: the airlines.  

“In the immediate aftermath of the 9/11 attacks, air travel dropped dramatically, and that’s not surprising,” says David Clark, a professor of economics at Marquette University who studied the economic impact of the attacks on U.S. airlines. According to his model, domestic air travel in September 2001 was down by more than half.

As the months passed, fear of another attack faded and people began to return to the air. “But as you got closer to the one-year anniversary there was a rather substantial decline,” says Clark. According to his model, 24.4 percent fewer people were flying than expected.

This kind of anniversary effect appears to have dissipated. Airlines for America, the trade association of the largest U.S. airlines, says it doesn’t see any particular 9/11-related changes in flights this year.

“I figure it’s probably the safest day to fly now,” says Bianca Cribbs, who is flying from Toronto to New York on September 11. The main reason she thought about the date was a line on her receipt: “The September 11th U.S. Security Tax which is $5.44.”

That’s the tax that helps pay for the biggest post-9/11 change to air travel: the Transportation Security Administration, which screens and scans the millions of passengers and bags that fly each day.

Spokesman Ross Feinstein says that from the TSA’s perspective, “The 13th anniversary is no different than any other day.” 

You'll be amazed at how big Kroger is

Marketplace - American Public Media - Thu, 2014-09-11 02:00

Cincinnati-based Kroger, the world’s fourth-largest retailer, is firing on all cylinders these days.

The stock price is way up, and so are sales. Last year, Kroger pulled in $98 billion in sales. That’s almost double the business it was doing in the early 2000s.

Business is so good the supermarket chain is hiring 20,000 more workers.

Jim Hertel, managing partner at Willard Bishop, says that’s quite a feat, considering the fierce competition in the grocery business.

“They are surviving better than any of the traditional supermarket competitors relative to Wal-Mart,” says Hertel.

Kroger owns a number of grocery chains, like high-end Harris Teeter stores in the Southeast. It also has no-frills outfits like Food 4 Less.

The company has kept pace with the competition by cutting prices on grocery staples, building its own private brand “Simple Truth” into a near $1 billion business and boosting customer loyalty with personalized coupons, thanks to its sophisticated data analytics.

Kroger’s chairman, Dave Dillon, has even called data analytics the company’s “secret weapon.”

Club to name stadium after Pope

BBC - Thu, 2014-09-11 01:55
Buenos Aires-based football club San Lorenzo announces it will name its new stadium after its most famous supporter: Pope Francis.

Investigation into fatal house fire

BBC - Thu, 2014-09-11 01:54
South Wales Police and the fire service are carrying out a joint investigation into a fatal house fire in Neath early on Wednesday.

T in the Park move 'needs consent'

BBC - Thu, 2014-09-11 01:51
DF Concerts will need full planning permission from Perth and Kinross Council to move T in the Park to Strathallan Castle.

Picture of the Batmobile released

BBC - Thu, 2014-09-11 01:48
Batman v Superman director Zack Snyder has tweeted the first official photo of the new Batmobile.

VIDEO: Simon Callow in play about Jesus

BBC - Thu, 2014-09-11 01:40
Simon Callow talks to BBC Breakfast about playing multiple characters in his new one-man show The Man Jesus.

Housing market 'reaches plateau'

BBC - Thu, 2014-09-11 01:37
The housing market is beginning to level out, according to a nationwide survey of chartered surveyors.

Kerala alcohol ban put on hold

BBC - Thu, 2014-09-11 01:36
India's top court puts on hold a move by Kerala to ban the sale and consumption of alcohol to tackle the state's drink problem.

Channel 4 to replace 4oD with online hub

BBC - Thu, 2014-09-11 01:34
Channel 4 is to replace its 4oD on demand service with a new online hub housing all their channels, content and services.

Catalan independence push faces big hurdles

BBC - Thu, 2014-09-11 01:31
Catalan independence battle looks tougher than Scots'

Bond villain actor Kiel dies aged 74

BBC - Thu, 2014-09-11 01:07
Actor Richard Kiel - who played steel-toothed villain Jaws in two James Bond films - has died aged 74, a Californian hospital confirms.

Next profits up on economic revival

BBC - Thu, 2014-09-11 00:49
Next reports a strong rise in half-year profits as higher house prices and the continuing economic recovery feed into household spending.

Ten on plane injured amid turbulence

BBC - Thu, 2014-09-11 00:45
Nine passengers and a cabin crew member on a packed jumbo jet were injured due to "a brief period of severe turbulence", an accident report says.

Fans warned over World Cup tickets

BBC - Thu, 2014-09-11 00:38
Fans may be refused entry to the 2015 World Cup if they do not buy their tickets through the official channels.

Obama: US to pursue IS in Syria

BBC - Thu, 2014-09-11 00:16
The US will not hesitate to take action against Islamic State militants in Syria as well as Iraq, President Barack Obama says in a prime-time address to the nation.

Tempest storms poetry talent list

BBC - Wed, 2014-09-10 23:56
A once-a-decade list of the brightest talents in poetry includes rapper, performance poet and playwright Kate Tempest.

Staff disciplined over Savita death

BBC - Wed, 2014-09-10 23:29
Nine hospital staff are disciplined over the death of pregnant woman Savita Halappanavar in the Republic of Ireland in October 2012.

Morrisons' profits hurt by price war

BBC - Wed, 2014-09-10 23:27
WM Morrison reports a fall in half year profits of just over 30% as it feels the effects of cutting prices to win back shoppers.

Anger grows amid flood disaster

BBC - Wed, 2014-09-10 23:26
There is mounting anger in Indian-administered Kashmir amid accusations that the government has acted too slowly in the latest flood crisis.
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