IMPACT ON TAXATION & FINANCE

As Fuel Prices Soar . . . Airlines Take Action

Given the increase in jet fuel, some airlines are maintaining a relatively comparable airfare, but in order to compensate they have increased charges on other amenities. Airlines now have to tighten their seat belts, as the fuel turbulence continues. A few weeks ago I attended the 12th full edition of CMEx – the Caribbean Media Exchange on Sustainable Tourism - in Puerto Rico. At the Spirit Airline check- in counter I realized the Airline was charging to check my bag. This was indeed my first encounter, paying $10 -each way- for my checked luggage.

IMPACT ON REAL ESTATE 7 BUSINESS

Manipulating the Mortgage Market

By Edgar Henry

Undoubtedly the days of "cheap" mortgages and easy money are at least, for now - decidedly over. Just thinking about how to buy or sell a home in today’s market seems like a Herculean task. And, if you're one of the tens of thousands of homeowners facing foreclosure, the prospect of hanging onto your home probably seems even bleaker. This is simply a move from housing boom to housing bust. While it won't be easy, there are ways to navigate in this turbulent housing market. Keep hope alive and do not despair.