AIG bailout-CNN video

19 09 2008

In an interesting video on the CNN website, Richard Quest explains the link between the bankruptcy of the Lehman Brothers and how it affected the insurer AIG. 

Credit Crunch 101 http://edition.cnn.com/video/savp/evp/?loc=int&vid=/video/business/2008/09/19/quest.credit.crunch.101.cnn

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Richard Branson need not worry.

13 09 2008

Richard Branson is under pressure. He is opposed to the proposed BA-AA deal. I don’t think, he needs to worry.

First of all, its a free world. To say that this (BA+AA+Iberia alliance) will create monopoly is exaggeration.

Secondly, he needs to make Virgin Atlantic more competitive. Virgin is known for good customer services. There is always a market for good airlines. Come on Sir Richard, be competitive. A good businessman should never be afraid of competition. Differentiate (Michael Porter), create a niche market and you will reap rewards.

Further reading: http://uk.reuters.com/article/businessNews/idUKLC60329820080912

http://business-easy.blogspot.com/