This is a roundup of news that I have come across during the day. Here you can read about secret documents that reveal how the giants of Western banking move trillions in suspicious transactions, incredible Amex Platinum flight discounts, France imposes restrictions after record cases, what happens when an airline send refund to closed account, and NYC Ferry faces cash crunch.
A huge trove of secret government documents reveals for the first time how the giants of Western banking move trillions of dollars in suspicious transactions, enriching themselves and their shareholders while facilitating the work of terrorists, kleptocrats, and drug kingpins. And the US government, despite its vast powers, fails to stop it.
From September 1 – December 31, 2020, Platinum Card Members can access lower fares on select domestic routes for travel through next year (very widespread). The discounts are valid for bookings from September 1st 2020 through December 31st 2020 for travel from September 1st 2020 through March 31st 2021.
The French government has imposed new restrictions in major cities after France reported a new record surge in daily cases. According to statistics from Public Health France, 16,096 people tested positive for COVID-19 over the last 24 hours, the biggest one-day jump. President Emmanuel Macron announced a series of measures to curb the spread, including the closure of all bars and restaurants in Marseille, and shorter opening hours for Paris and other cities.
It’s never a good idea to close a credit card when you’ve used it to pay for upcoming flights. That’s even more important now when flights get canceled and airlines will send refund to the original form of payment. It’s a good idea to wait until after the flight has occurred (or in this case after you’ve received your refund). You also might need to show the card at check-in and you would lose any travel benefits that the card might have.
The operator of the NYC Ferry system for commuters and tourists could find itself running out of time and money after the coronavirus disrupted its business during the warmest months of the year. The company already had to tap its debt reserves to ride out the disruption, and had only $28 million of cash in hand in the middle of September, according to people familiar with the private firm’s finances.