(Bloomberg) -- The coronavirus pandemic has created an overhang of pent-up travel demand and left unspent money burning holes in the pockets of the well-to-do. Put the two together and the result is a hunger for private jets.Buyers have scooped up so many of the good used planes out there that they’re now getting on waiting lists to purchase new aircraft, said bankers at this week’s Corporate Jet Investor conference.“There’s been quite a party in the private aviation business in the last 18 mont
Photo Illustration by The Daily Beast/Photos via GettyMyPillow CEO Mike Lindell’s charity and business combo venture to make and sell COVID-19 masks has cost him millions of dollars, according to the increasingly far-right conservative figure.Today his company is sitting on millions of unsold face coverings, which he now despises and wants to burn.“I can’t give them away,” Lindell told The Daily Beast in a phone interview this week. “I tried to. No one wants the things anymore.”Lindell, who clai
A federal judge threw out U.S. Centers for Disease Control and Prevention safety rules for cruise companies operating in Florida during the COVID-19 pandemic Friday, handing a victory to Gov. Ron DeSantis.
Rumours abounded on Friday night that China's top spycatcher had defected to the US, amid a growing focus in Washington on the theory that Covid-19 escaped from a Wuhan laboratory. Dong Jingwei, vice minister of state security, was reported to have flown from Hong Kong to the US in February with his daughter. There was no confirmation of the rumoured development from either the US or China. Dr Han Lianchao, a former Chinese foreign ministry official who is now a pro-democracy activist in the US,
Joe Biden returned from his sojourn to the UK and Europe to face a growing list of domestic headaches as his big-spending policies stalled and were also blamed for rising inflation. Mr Biden's initial "American Jobs Plan" called for a record $2.3 trillion in infrastructure spending. Republicans fought hard to stop that and it is now bogged down in Congress. While Mr Biden was meeting Vladimir Putin in Geneva a bipartisan group of 21 senators - 11 Republicans and 10 Democrats - came up with a com