Quantcast The Mysterious East
Search by tag or site Login to my blog ? Start my own blog














TheMoneyBlogs
Home
About
Create your own blog
Contact us
Vote for this blog!

Poor and Stupid

How big government, big business, big media and big academia block your road to financial freedom- and tell you it's for your own good.

The Mysterious East

Posted on 12/17/2006 19:00 PM | Link | Post Comment
You can give labor away in China, but not airplane tickets.
A travel agency in east China's Shandong Province has been fined 150,000 yuan (19,180 U.S. dollars) by the local government for selling air tickets for one yuan (13 U.S. cents) each.

The Jinan Price Bureau said in a notice that Jinan Spring Holiday Travel Agency had broken the regulations on selling discounted air tickets by the National Development and Reform Commission and the General Administration of Civil Aviation of China (CAAC).

Jinan Spring Holiday Travel Agency and its parent company, the budget airline Spring, put more than 400 one-yuan tickets on the market on Nov. 28 and they sold out in three days.

Why prohibit discounting? But even more mysterious -- why did it take three days for these seats to sell out?
Stock Quote or
Examples
ATM Wallstreet - Mon Oct 06, 2008 03:39PM
Made several great trades today. Traded the QID, QQ [read more]
ATM Wallstreet - Sat Oct 04, 2008 10:41PM
When I first started Day Trading I traded anything that [read more]
Morpheus Trading - Thu Oct 02, 2008 08:58AM
NOTE: Please click on the charts below to enlarge them if [read more]

PREMIER SPONSORED LINKS

Most Visited Blogs | Most Popular Blogs | Most Recent Blogs | Contact Us | Terms and conditions | Privacy Policy

The columns, articles, message board posts and any other features provided on TheMoneyBlogs.com are provided for personal finance, education and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author's own and not necessarily those of TheMoneyBlogs.com and there is no implied endorsement by TheMoneyBlogs.com of any advice or trading strategy. The analysts and employees or affiliates of TheMoneyBlogs.com may hold positions in the stocks or industries discussed here. Your use of this and all information contained on TheMoneyBlogs.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

Copyright © 2008 The Connors Group, Inc.