Economy & Business

Parallels
3:10 pm
Thu December 26, 2013

Venezualan Flights Are Dirt Cheap ... If You Can Get A Ticket

At the official rate, 1 U.S. dollar is worth 6.3 Venezuelan bolivars. But in a country with runaway inflation, the black market rate is about 60 bolivars to the dollar. This has made airfares extremely cheap for those using currency acquired on the black market.
Juan Barreto AFP/Getty Images

Originally published on Thu December 26, 2013 6:35 pm

Reporter John Otis was looking for a flight to Venezuela. That may sound like a simple task, but air travel to and from that Latin American country turns out to be extremely complicated these days. Here's his story.

A direct flight from my home in Bogotá, Colombia, to Caracas, Venezuela, takes about 90 minutes. But when I tried to buy a ticket recently, none were available. I was offered a flight with an overnight stop in Miami, but that would have cost $5,000.

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The Two-Way
1:41 pm
Thu December 26, 2013

McDonald's Shuts Down Website That Told Workers To Avoid Fast Food

Protesters demonstrate at a McDonald's in New York on Dec. 5. Protesters staged events in cities nationwide, demanding a pay raise to $15 per hour for fast-food workers and the right for them to unionize.
John Moore Getty Images

McDonald's has decided to shut down a website aimed at providing work and life advice to its employees after it was reported that it had urged workers not to eat the very fast food they are hired to produce.

The Oak Brook, Ill.-based McDonald's said Thursday that information on its McResources Line site had been taken out of context thus generating "unwarranted scrutiny and inappropriate commentary," according to a McDonald's spokeswoman.

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The Two-Way
8:54 am
Thu December 26, 2013

Jobless Claims Fell Sharply Last Week

A "help wanted" sign earlier this year in the window of a clothing store in Pasadena, Calif.
Kevork Djansezian Getty Images

Just as last week's figures may been distorted by temporary factors related to the holiday season that made things look worse than they really are, the word Thursday that there's been a sharp drop in claims for unemployment insurance needs to be accompanied by the same sort of caveat.

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The Two-Way
6:47 am
Thu December 26, 2013

Apologies, Promises From UPS And FedEx About Delivery Delays

UPS delivery man Vinny Ambrosino was dressed for the holiday season on Tuesday as he delivered packages in New York City. Not all the things ordered for Christmas got to their destinations on time.
Carlo Allegri Reuters/Landov

Originally published on Thu December 26, 2013 7:28 pm

Update at 8:20 p.m. ET. Amazon, UPS, Offer Refunds:

The Washington Post reports:

"Amazon and UPS said Thursday they would offer refunds to customers who did not receive their Christmas orders on time, after a surge in last-minute online shopping caught the shipping giant off guard."

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Business
3:40 am
Thu December 26, 2013

Pacific Northwest Suffers After China Bans Shellfish Imports

A geoduck farm near Totten Inlet, Washington.
KBCS/Bellvue/Seattle/Flickr

Originally published on Thu December 26, 2013 9:23 am

China has closed its doors to all shellfish imports from an area that stretches from northern California to Alaska. The state of Washington says it's losing as much as $600,000 a week.

Among the shellfish not being harvested is the geoduck, a long-necked clam that can fetch up to $150 per pound in China. It's a major export for the Pacific Northwest.

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