Airlines increase ticket prices
Travelers are returning to the skies, and airlines are celebrating with price increases. The price of the average round-trip ticket for Memorial Day weekend is around 18 percent higher than last year. “Almost any cheap seats are sold out,” said Rick Seaney of travel site FareCompare.com.
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Bond issuers miss debt payments
Since last July, 200 states, cities, and other authorities that issue tax-exempt municipal bonds have missed interest payments on their bonds. The recession has shrunk the tax revenues and user fees that bond issuers depend on to service their debt.
SmartMoney.com
Price of oil slips
For the first time in three months, the price of oil has slipped below $70 a barrel, on fears that the plummeting euro and the spill in the Gulf of Mexico will crimp demand.
Bloomberg.com
Where are the young swingers?
A dearth of young players is worrying the golf industry. Between 2005 and 2008, the estimated number of golfers ages 6 to 17 dropped 24 percent, to 2.9 million.
The Wall Street Journal
Avatar breaks DVD records
Avatar, which has earned a record $2.7 billion at the box office, is also breaking records on DVD. Just two weeks after its release, the Blu-ray DVD of Avatar has sold nearly 2.5 million copies in the U.S., edging past The Dark Knight as the best-selling Blu-ray DVD ever.
Los Angeles Times
Foreclosures: High, and still counting
Banks seized a record 92,000 homes in April, and more foreclosures are coming: 7.4 million borrowers, or 12 percent of all mortgagees, have missed at least one payment or are in foreclosure.
NPR.org
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Trump officials reinstating 2 Confederate monumentsSpeed Read The administration has plans to 'restore Confederate names and symbols' discarded in the wake of George Floyd's 2020 murder
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Trump nominates Powell critic for vacant Fed seatspeed read Stephen Miran, the chair of Trump's Council of Economic Advisers and a fellow critic of Fed chair Jerome Powell, has been nominated to fill a seat on the Federal Reserve Board of Governors
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