Losers in Loyalty Programs, Beijing Travel Guide, Disney World Fears, Consumer Borrowing Falls $7.2B, Cruise to Nowhere Etc.

News Roundup

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News Roundup

This is a roundup of news that I have come across during the day. Here you can read about how airline program works and who loses, a Beijing travel guide, how Disney World has fares during the pandemic, borrowing falls by $7.2 billion in August, Chase Total Business Checking to be replaced and Singapore ‘cruises to nowhere’.

Airline Miles Programs Sure are Profitable. Are you the loser?

Even as the coronavirus pandemic has sapped the ability and desire to travel, miles programs are a winner for the airlines. In the first half of 2020, Delta’s passenger revenue fell 60 percent, but the cash the airline got from American Express’s purchases of miles for its customers fell less than 5 percent. Clearly, nobody is expecting us to stop collecting those SkyMiles. The same goes for other airline programs.

Beijing Travel Guide: When to Visit & What to See, Do & Eat

Beijing is big. It’s chaotic. And always has something going on. All of these things can make Beijing travel a bit daunting, but make Beijing what it is – a city you cannot miss in China. Beijing is China’s capital city – and it’s also China’s ancient capital city. With over 800 years of history, Beijing will not disappoint when it comes to history and culture.

At Disney World, ‘Worst Fears’ About Virus Have Not Come True

As tumultuous as the three months since the reopening have been, however, public health officials and Disney World’s unions say there have been no coronavirus outbreaks among workers or guests. So far, Disney’s wide-ranging safety measures appear to be working. Disney’s ability to keep workers and guests safe has been at the center of an increasingly tense standoff in California that has kept the company’s West Coast resort closed since March.

US Consumer Borrowing Fell by $7.2 Billion in August

Borrowing fell by $7.2 billion after a gain of $14.7 billion in July. It was the first decline since a $12 billion fall in May when pandemic-driven shutdowns ground the economy to a near standstill. The weakness in August came from a $9.4 billion fall in the category that covers credit cards, the sixth decline in that area starting with a $25.4 billion drop in March. The category that covers auto loans and student loans rose by $2.2 billion in August, its fourth gain after a $5.6 billion drop in April.

Chase Total Business Checking To Be Replaced With Chase Business Complete Banking

There is a rumor that Chase will replace the Chase Total Business Checking with something called Chase Business Complete Banking. With the name change, there will also be some differences between the old and the new accounts.

Singapore introduces ‘cruises to nowhere’

The city-state’s national tourism board has partnered with two cruise lines for the initial journeys, with Genting Cruise Lines’ World Dream and Royal Caribbean International’s Quantum of the Seas chosen as the first two ships to take part. In order to ensure hygiene protocols, ships will depart from and return to the same spot, with no port calls in between. The ships will operate at no more than 50% capacity and are for Singapore residents only.

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