All posts filed under: Uncategorized

The $250,000 Airline Pass That Was Worth Every Penny

Originally posted on Business & Money:
In the early 1980s, American Airlines started selling the AAirpass, which granted the holder unlimited first-class travel with the carrier—for life. At first, the pass cost $250,000. Sounds like a lot of money (especially three decades ago), but it’s a bargain considering that pass holders have been known to take $125,000 worth of flights in less than a month’s time. First off, you can’t buy an AAirpass any longer. Not the pass as it was first envisioned anyway. American still does sell something called the AAirpass, but it’s a shell of the original product. The current pass is available only to customers who spend a minimum of $10,000 annually on American Airlines’ flights. The main benefit for pass holders is access to fixed rates that aren’t all that cheap, but that at least ensure travelers won’t get gouged as badly as the masses when booking flights at the last minute. For example, a flight from Chicago to Dallas costs a bit over $500 for a pass holder; the same…

Airbnb raises $1.5 billion, valuing it at an eye-popping $25.5 billion

Originally posted on Fortune:
The pace of the race to the top of Fortune‘s Unicorn List continues to hasten as startups raise ever-larger sums of money to fuel growth and expansion. Airbnb, the well-known home rental service headquartered in San Francisco, has closed a new $1.5 billion funding round, according to reports from the Wall Street Journal and Financial Times. The round, which has been rumored for weeks, values the company at $25.5 billion—billions more than publicly traded neighbor Twitter [fortune-stock symbol=”TWTR”], which had raised far less ahead of its highly anticipated 2013 IPO, and hotel giant Marriott [fortune-stock symbol=”MAR”], which runs more than 4,000 properties around the globe. At the time of its previous investment earlier this year, investors valued Airbnb at $20 billion. Among venture-backed startups, only Chinese phonemaker Xiaomi and car-hailing service Uber carry higher valuations. Investors backing the young company this time reportedly include General Atlantic, Hillhouse Capital Group, Tiger Global Management, Kleiner Perkins Caufield & Byers, GGV Capital, China Broadband Capital, and Horizon Ventures. “Airbnb is like a giant ship,”…

5 Secrets to Using Your Time Wisely

Originally posted on TIME:
1) Schedule things that make you happy You often schedule things that are “important”, but what about the things that make you happy? Activities on your calendar are more likely to be the things you do. So be as good about scheduling the personal as the professional. From my interview with Stanford happiness researcher Jennifer Aaker: …people who spend more time on projects that energize them and with people who energize them tend to be happier. However, what is interesting is that there is often a gap between where people say they want to spend their time and how they actually spend their time. For example, if you ask people to list the projects that energize (vs. deplete) them, and what people energize (vs. deplete them), and then monitor how they actually spend their time, you find a large percentage know what projects and people energize them, but do not in fact spend much time on those projects and with those people. 2) Time perception is everything Your conflicts with time…

A Year of Great Writing: Our Favorite Blogs in 2014

Originally posted on The Daily Post:
We discover excellent blogs, both old and new, every single day. Multiply this by 365: the amount of superb writing we’ve been collectively exposed to this past year becomes staggering. Still, even in a year bursting with talent and exciting voices, some blogs spoke to us with particular power. Here are the ones we kept returning to in 2014. Cheri Lucas Rowlands This year, I’ve followed Arabic Literature more closely — Cairo-based writer M. Lynx Qualey’s site focused on the literary and arts scenes across Egypt, Palestine, Syria, Iraq, and more. I’ve discovered so much new writing and poetry from around the world. Likewise, it’s fun to explore Sesquiotica, James Harbeck’s blog for all things words. I love the concept behind his Word Tasting Notes — word lovers, do dive in and taste. I also return to many long-time favorites, again and again. The most notable one is Brevity, the blog of the journal of the same name, which publishes writing and news from the world of creative nonfiction (and specifically concise…