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January 3rd, 2009

KUALA LUMPUR (AP) - The year-end festive season usually heralds a busy period for Asia-Pacific airlines.
But this year, a global economic slump has choked passenger and cargo traffic _ and 2009 looks even gloomier, corporate executives and industry experts say.
"Last December I remember being in a very buoyant mood, telling you all that the airline was in excellent shape and the overall picture was very healthy,'' Hong Kong's Cathay Pacific Airways Chief Executive Tony Tyler said in a recent company newsletter.
"Now, as 2008 draws to a close, we are facing very uncertain times and the mood has turned decidedly somber.''
While the drop in fuel prices has provided some reprieve, air traffic demand has fallen as companies and tourists cut back on travel.
The International Air Transport Association has warned that the aviation industry faces its worst revenue environment in 50 years.
Asia-Pacific carriers, which account for nearly a third of global passenger traffic and 45 percent of the global cargo market, will be badly hit with losses to more than double from $500 million this year to $1.1 billion in 2009, the IATA predicts.
Aviation experts say regional airlines should be able to weather the downturn better than their American and European peers because they have relatively strong balances sheets and more modern fleets.
Also, a number of airlines, including Singapore Airlines, Malaysia Airlines and Chinese carriers, are state-run, meaning they could get government support if needed.
Some analysts have said the region has less competition than the U.S. and Europe, where more airlines compete on the same routes.
"Asia-Pacific airlines are generally better placed than their counterparts elsewhere amid difficult times but they will still feel the pain,'' said Nicholas Ionides, regional managing editor of Flight International magazine based in Singapore.
While Japanese carriers appear to be having a solid year-end, major carriers Japan Air Lines and All Nippon Airways have slashed their revenue forecasts, and the economy there is slowing.
Airlines in Australia, China and South Korea are also struggling as their economies slow. India's carriers, which are grappling with high taxes and insufficient infrastructure, can also expect lower demand following November's terror attacks in Mumbai.
Globally, air traffic will fall 3 percent next year, the IATA predicts - the first drop since 2001, when the Sept. 11 terrorist attacks battered the industry.
Many airlines have cut capacity and shed jobs to cope with high oil prices earlier this year.
In recent weeks, nearly all carriers in the region also slashed fuel surcharges and offered fare deals in response to declining fuel prices, and this could lure more travelers.
But signs of trouble are evident even among the region's top players.
Korean Airlines Co., the world's largest international cargo carrier, posted its fourth straight quarterly loss for the third quarter due to a weak won, which raised the cost of purchasing fuel and servicing foreign debt.
Cathay Pacific reported its first half-year loss since 2003 and said its full-year results would be "disappointing'' amid weakening revenue and losses from fuel hedging.
Cathay has plans to park two freighters, offer unpaid leave to employees and possibly delay construction on a cargo terminal to cut costs.
It will also scale back services to North America but add flights to Australia, the Middle East and Europe to keep passenger growth flat in 2009, but the airline won't cut any destinations.
Singapore Airlines said its third quarter profit dipped 36 percent and warned of "weaknesses'' in advance bookings for 2009.
Japanese carriers' business has recovered recently as the yen's appreciation against the U.S. dollar and other currencies made traveling overseas cheaper for Japanese.
Still, All Nippon Airlines has cut its net profit forecast for the full year by a third and deferred plans to order a new jumbo aircraft.
Australia's Qantas Airways has cut 1,500 jobs and plans to reduce capacity to the equivalent of grounding 10 planes. It also trimmed its full-year pretax profit target by one-third.
In China, the forecast boom in travel during Beijing's Olympics year never materialized.
The state-run airlines recorded combined losses of 4.2 billion yuan ($613 million) for January-October.
Slammed by surging fuel costs earlier in the year, the airlines lost again in fuel hedging after recent drop in prices.
"The overall airline sector appears to be in its worst mess ever, and it will be pretty hard to survive,'' said Song Weiya, a researcher with Great Wall Securities in Shenzhen.
Authorities have urged state-run carriers to cancel or delay aircraft deliveries. It's two biggest airlines - Shanghai-based China Eastern Airlines and China Southern Airlines in Guangzhou - are in the midst of receiving 3 billion yuan ($440 million) capital injection from the government.
China Eastern, which earlier failed to sell a stake to international investors, may now merge with rival Shanghai Airlines, an ally of flag carrier Air China.
In New Delhi, state-run Air India is eyeing a government bailout to cope with a harsh downturn.
Analyst said airlines will gravitate toward mergers and seek government support to fend off the downturn.
Consolidation helps airlines by cutting costs as they share resources and feed more passengers through hubs.
After merger talks between Qantas and British Airways collapsed recently, some analysts say Qantas may seek a deal now with Asian carriers.
AirAsia, the region's biggest budget airline, is taking a contrarian approach by adding flights and expanding amid the slump.
Chief Executive Tony Fernandes believes AirAsia will benefit as travelers downgrade to budget carriers.
It became the first airline in the world to remove fuel surcharges on all its flights last month.
AirAsia expects to fly 19 million passengers this year and 24 million in 2009, he said - up from 15 million last year.
The carrier plunged into the red for the first time in the third quarter, largely due to foreign exchange losses and unwinding of fuel hedging contracts.
But Fernandes said AirAsia has no plans to cancel or defer its order for 175 Airbus aircraft, of which 55 have been delivered with nine more targeted for 2009.
"We are confident,'' he said.
"We are a beneficiary of the economic slump just like McDonald's and Wal-Mart as people are looking for more value.

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When the weather starts getting cooler, business for most shoe repair shops typically picks up.
At Smalley’s Shoe Boot Repair in Cleveland, Tenn., the increase in business usually coincides with hunting season and hunters knocking the dust off their boots.
2008 was different, with the busy season coming in a little later, said owner Tim Smalley. But once business did start picking up, people were coming in by the truckloads, he said.
“I think it’s busier than it was this time last year,” Mr. Smalley said. “The economy does help a lot with our business.”
From Smalley’s in Cleveland to Tim’s Shoe, Boot and Leather Repair in Dalton, Ga., shoe repair shops in the area are benefiting from an economy keeping people in their old shoes. Instead of buying new shoes, many people are taking their stilettos, loafers and cowboy boots in to get new soles and heels. Most shop owners said business had increased by about 20 percent over last year.
Completely resoling a pair of men’s dress shoes can run from about $45 to $55. To get the heel replaced on a pair of woman’s pumps costs between $5 and $15, depending on the type of heel.
“If somebody pays $200 to $300 for a pair of shoes, it makes sense to get them repaired,” said Tim Whitener, owner of Tim’s shoe repair in Dalton.
Reginald Cousin of Kenton Shoe Shop in downtown Chattanooga first saw his business begin to pick up last year. As the effects of the downturn in the economy have been felt, he has seen business continue to increase, he said.
“A lot of people are out of work, and they can’t afford to buy new shoes,” Mr. Cousin said.
Some people just get comfortable, and don’t want to change, such as Sewanee, Tenn., resident Jack Matens, who has been taking shoes to Kenton Shoe Shop for about 20 years.
“Once I break a pair of shoes in, I don’t want to get another,” Mr. Matens said.
At Shoe Findz Repairz on East Brainerd Road, owner Mary Mills also has seen steady business over the past two weeks that she has been open. Ms. Mills’ shop occupies the former location of Vanderstoop Shoe Shop after owner Bob Vanderstoop retired.
Mr. Smalley opened his shop on Keith Street in Cleveland about 20 years ago. In his experience, cycles like this one happen every so often in the industry.
“If it gets really, really bad, people will do what they used to do back in the old days — put a piece of cardboard in their shoes and keep on going.

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Koreans, on the other hand, take a more low-key approach. They spend more time reflecting on family and honoring ancestors rather than on pomp and circumstance - but the food is just as plentiful as in other Asian celebrations.
Thailand welcomes its new year, Songkran, in mid-April. Water plays a big role; people douse each other with perfumed water to symbolize cleansing and renewal. Indias Diwali, celebrated in the fall, is a four-day festival that signifies the triumph of light over dark, or good over evil.
Fu - the Chinese character for good luck. People paint signs with this character to hang in their homes and in the streets during Chinese New Year. These signs are painted in the traditional red and gold and are hung upside down. The Chinese word for upside down rhymes with the Chinese word for , so by hanging the sign upside down, good luck will arrive.
Credits:
Article from: http://www.care2.com/gates/holidays/cnewyear/cnewyear.html
Written By: Care2.

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Posted on | January 2, 2009 |
Welcome to a new year my Hentai Cupcake Lovers. A new year filled with exciting new possibilities and odd mating rituals like the futa mating habits of Demon Queens. What could be more interesting than bringing your spawn to term by channeling sexual energy through your nipple tentacles? Sometimes I feel like a sociological and xenological tour guide. Enjoy this brief look into the mating habits of Demon Queens. I know I love fucking chicks with demon wings coming out of their heads; dont you?
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Crystal Liu Yifei is a Chinese actress and singer. Although she is often credited as Liu Yi Fei, her legal name is Liu Xi Mei Zi. At the age of 15, Liu Yifei's role as "Wang Yuyan" in the television series, Demi-Gods and Semi-Devils propelled her to fame in China.

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Matahari: Referring to themselves as Pan-Asian and Thai, Matahari is a gorgeous downtown restaurant, complete with Koi pond and a ship that you can sit in. Although the options are not huge in quantity, the sheer quality of the food will keep you going back for more. Specializing in things like green and red curries and mango chicken, the staff at Matahari are open to finding solutions for making dishes vegan. In addition, many of their dishes are already vegan, which makes ordering easy and worry-free. Try the vegetables and tofu in coconut sauce, with mango spring rolls in tapioca for dessert. Delectable.

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With a slick vibe and danceable beats, the 2008 mashup by Dem, Chie, and Yu-a didn't just get me through the holidays without the need for a caffeine drip (and that's saying a lot), but as an extra added gift it also washed away that lingering bad taste in mouth from the '07 rendition by Ashley Look At Me Pole Dance At Rockefeller Center Tisdale.

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Daniel Henney - The second person I am putting as most to gain would be Korean-American actor Daniel Henney. His new movie X-Men Origins: Wolverine is a sure-fire blockbuster hit, not only having the target reach of geeks but the average moviegoer as well. Henney in the official Movie trailer has significant face time, although he only says one line (watch trailer below). With the nature of this film combined with the fact he is actually fluent in English being raised in America and his God given good looks, Daniel Henney may be the next big thing depending on the significance of his role in the movie. Again, the self-proclaimed Asian-American activists will complain that Daniel Henney is in fact only half Asian and he cannot even speak Korean fluently AND the the fact that his very western facial features that make him attractive to Hollywood. Although those facts are true, dont mistake Henney for being white-washed; he started his acting career in Korea, starred in Korean dramas and movies and is very aware, respectful, and knowledgeable about Korean culture a positive in my book. Baby steps, people, baby steps.

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