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Cruise Refunds Taking Two to Six Months

The queue of refunds is so deep that some providers temporarily inhibited everybody’s ability to process refunds so that they could process what they have already and slow down the outgoing cash flow. Once your refund has been requested, it could take eight to 24 weeks to get your refund, future cruise credit or future […]

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Rick Steves Tours Cancels All March Italy Tours

Rick Steves Tours has cancelled all its March group tour departures to Italy, but other than that is adhering to its standard cancellation policy. The company is cancelling as few tours as possible even in the face of a global health issue of great concern to many. Due to the CDC recommendations to avoid non-essential […]

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Lufthansa Reduces Flights By 50 Percent

The Lufthansa Group has announced that it will reduce its current flight schedule by up to 50 percent, in response to the spread of the Covid-19 virus. The airline is also contemplating grounding its fleet of 14 Airbus A380 aircraft. Source: AirlineGeeks

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SXSW Cancellation Not Covered by Insurance: Communicable diseases, viruses, and pandemics not part of policy – News – The Austin Chronicle

Asked if the financial loss of cancellation will be covered by an insurance plan, SXSW co-founder Nick Barbaro – who is also the publisher of the Chronicle – said the organization does not have cancellation insurance relating to a disease outbreak or triggered by the city declaring a “local state of disaster.”— Read on The Austin Chronicle […]

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Airlines Feel Deepening Impact as Coronavirus Upends Travel – The New York Times

The latest example of the outbreak’s toll on the industry came on Wednesday, when United Airlines became the first U.S. carrier to announce a widespread cut to domestic service, signaling that fear over the virus was starting to erode ticket sales far from the hot spots of the epidemic. In a letter to employees, the […]

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Coronavirus Threatens Health of El Al

Times of Israel reports that El Al faces serious financial problems due to the loss of business resulting from the spread of the coronavirus: El Al Airlines is formulating a plan to fire some 1,000 employees, nearly one-sixth of its workforce, due to financial losses caused by the coronavirus outbreak.

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TV Series ‘Bad Banks’: Smart and Intriguing

Bad Banks is an intriguing German-Luxembourgish TV series about young ambitious bankers trying to make in the modern cut throat world of German banking and high finance. The series takes place mainly in Frankfurt and Berlin and there are some nice scenes in each city. The star of the series is 25-year old Paula Beer […]

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Great Interview with Warren Buffett

So wise and humble.

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Coronavirus: Travel insurance generally won’t help

The New York Times reports that travel insurance won’t cover losses caused by Coronavirus: Bizarre as it may sound, standard travel insurance doesn’t cover losses caused by a global health crisis — even one that’s been declared “a public health emergency of international concern” by W.H.O. and for which the C.D.C. has issued a Level […]

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German man leaves €7 million to far-right AfD | DW

An engineer who died in 2018 has donated his entire estate of gold, property and patents to the Alternative for Germany (AfD) party. The endowment is one of the largest ever given to a German political party. Source: DW