Good day, Bad day
GOOD DAY FOR: Changing business models, after a hotel in the Turkish Mediterranean town of Marmaris fired all its male employees for repeatedly having affairs with the female guests. “The last straw was when I saw our bartender, who was a very decent man, walk out of the bathroom with a British tourist,” said hotel manager Pelin Yucel. The hotel is now run by an all-female staff. (Reuters)
BAD DAY FOR: Consensus, as analysts disagree on the eventual taxpayer cost, or profit, from the $85 billion AIG bailout. Some argue that taxpayers will lose billions as AIG is forced to sell assets into the down market. (The Washington Post) Bijan Moazami, an analyst at Friedman, Billings, Ramsey, estimates that selling off the various pieces of AIG could raise more than $150 billion. (MarketWatch)
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