Word: avoidance
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Despite the focus on cost, JetBlue has expenses that most other airlines have rejected. It has configured its planes with emergency equipment such as life rafts and beacons for flying over water, thus allowing its flights to swing out over the ocean to avoid congestion on crowded East Coast routes. It has worked closely with controllers to "tunnel" to its upstate New York destinations. That means flying at 10,000 ft., rather than the usual altitudes above 18,000 ft., which enables JetBlue to avoid traffic jams in the air lanes. "It costs us about $400 more per flight," says...
...some thought was a thresher shark. Last Wednesday a 12-ft. tiger shark chased spear fishers in Hawaii. News crews stood on the sand to interview experts, who declared over and over that sharks killed only 10 people worldwide in 2000. But don't swim at dusk or dawn; avoid murky water and steep drop-offs; shed all jewelry. And do swimsuits in yellow--"yum-yum yellow"--attract sharks? No one was sure. Sharks don't give interviews...
...Lynch. The wounded want blood. Just last week Merrill revealed that it had settled a case with an investor who lost $800,000 in part, the investor says, by following Blodget's advice. Merrill says there is no mention of Blodget in the settlement, and it merely wanted to avoid arbitration expense. In any event, the settlement was considerable: $400,000. Although most arbitration cases lack precedential value, you can imagine that tech-IPO underwriters will be hearing from lawyers for other investors who lost bundles...
...prepare a defense against potential war crimes charges against the Israeli leader currently being investigated by a Belgian judge. Sharon scratched Belgium off his itinerary on a recent European tour, and although the Israeli government insists this was simply for "calendar reasons," it would certainly have been politic to avoid the possibility - which currently exists under Belgian law - that Mr. Sharon could have been arrested by the investigating judge. Israel's foreign ministry subsequently announced, "The ministry advises all leaders in Israel not to visit nations whose legal systems are liable to cause them inconvenience and embarrassment...
...revive the peace process, but it?s unlikely to deter the lawyers and judges pursuing cases against Israeli leaders. And that has forced Israel's foreign ministry to counsel extreme caution to traveling officials. Any Israeli military and political leaders potentially vulnerable to such charges are being advised to avoid traveling to or through countries where they may be at risk of arrest, including Belgium, Spain and Britain...