What we’re reading: Wynn may move HQ, volcano no-fly holds climate clue, Sweden outlines airline support


JOHN L. SMITH: It seems Las Vegas hasn’t done enough for Steve Wynn

Casino owner Steve Wynn is considering moving his headquarters to Macau.

“I love it out here,” Wynn told a Reuters reporter in Macau. “I’m going to bring it (the potential relocation) up at our board meeting in May. But I have to persuade my staff first.”

When Business Week asked for a follow-up, Wynn replied:

“I don’t think the Las Vegas market at the moment beckons a large investment. The economic outlook in the United States, the policies of this administration, which do not favor job formation, do not encourage investment at all.”

Volcano plane ban may hold climate clue

The days when planes were grounded due to the volcano eruption, may help scientists determine how flights change the climate.

The climate effects of jet fuel burned at high altitude are poorly understood, partly because scientists cannot often compare plane-free skies with days when many regions are criss-crossed by white vapor trails.

Scientists will pore over European temperature records, satellite images and other data from days when flights were grounded by ash — trying to isolate any effect of a lack of planes from the sun-dimming effect of Iceland’s volcanic cloud.

Sweden outlines support to crisis-hit airlines

Sweden has decided to give airlines support by suspending airport fees for 90 days among other fee breaks.

[T]he board of transportation and the Swedish airport authority decided to extend a waiver on paying airport fees to 90 days from 30 days, in light of losses due to nearly a week of flight disruptions caused by the volcanic ash cloud.

“We had a meeting today with the airlines and at this meeting we made it clear to them they are eligible (for these measures),” Enterprise Ministry official Henrik Hansson said.

(Photo: ActiveSteve/Flickr Creative Commons)