Friday, June 13, 2008

Passenger Anger Inc.

Skyrocketing fuel prices and cost cutting by airlines have led to an unprecedented lows in passenger dissatisfaction, to say the least. According to European Union legislation that came into effect in 2005, airline passengers are entitled to financial compensation for delayed or canceled flights, or if they're bumped from an overbooked flight. However, passengers aren't always aware of what they're entitled to, or don't have time to claim compensation. Which is where EUclaim comes in. A Dutch agency that launched in January, EUclaim processes claims on behalf of passengers, charging a contingent fee of 27% of successfully claimed compensation. In the five months since they got started, the company has netted its clients over EUR 100,000, averaging EUR 400-500 per passenger. Besides an easy online form that evaluates whether a claim is likely to result in compensation, EUclaim operates a desk at Schiphol Airport's departure terminal, and plans to open additional desks at London and Frankfurt airports. The agency also offers multinationals bulk discounts for processing claims on behalf of employees. While compensation isn't regulated by law in the US or most other non-EU countries, carriers do offer various degrees of compensation. Airline-specific policies may include reimbursement for meals, hotel rooms or phone calls. One to start up regionally? In a broader perspective, keeping track of new laws and regulations can often uncover potentially lucrative business opportunities. Hey—how's that for a new business: plough through all locally applicable regulation changes, specifically on the lookout for entrepreneurial opportunities. Post them online, for free, and you could grow a high-traffic website, generating revenue from related (premium) services or advertising.

Tuesday, June 10, 2008

The street value of the US dollar:

If you are trading currencies, here is an observation on the weakness of the U.S. dollar, from the Monday Metropolitan column in the New York Times: Dear Diary: As I was walking down Second Avenue from 57th Street in mid-April, I noticed a young woman, early 20s, standing on the corner and talking on her cellphone while her toy-size dog squatted and took care of its business. As the dog completed its task, and not missing a beat, the young woman - still talking on the cellphone - bent down and scooped up her dog's poop with a dollar bill and dropped it into a nearby trash can. No wonder the Europeans have booked all the carriage rides in the Central Park!

Friday, June 6, 2008

Real microchopper makes millions

Unless you live on an electricity-free commune, you've seen the Microchopper on TV or Youtube. There is this chopper that can fly around people's house and not destroy a thing.



Only 6 inches long and weighing a mere 3.5 ounces, this helicopter is so small it will fit in the palm of your hand. The ingenious Flight Stability System gives the Micro X-Copter extreme maneuverability and makes it easy to fly.

The perfect gift for the family, this product is ready-to-fly out of the box, no set up time required. It is safe to fly indoors and outdoors, because it is constructed from hi-tech polypropylene foam. It won't break anything in the home.

A full charge gives you 100 minutes of flying fun!

Product Features:

* Real Helicopter Performance:
* 360 Degrees (Full Function)
* Altitude and Rotor Speed Control
* Flight Stabilizing System
* Dual Propeller System
* Full Function 2 Ch Remote Controller
* Charging System
* Super Lightweight Airframe
* Factory Assembled
* Runs (flies) on 6 AA Batteries (not included)


Anyhow, I've just read that the sales of this tiny copter exceeded $10 million. Can you believe that?