business news in context, analysis with attitude

With brief, occasional, italicized and sometimes gratuitous commentary…

•  The BBC reports that Thomas Cook, the travel brand that collapsed last year "under a mountain of debt," now is "close to being relaunched" as an online-only brand "without the aircraft, hotels and shops of the old business."

The story says that "the brand's owner, China's Fosun, wants to revive Britain's oldest travel firm within weeks to capture the start of the booking season for next summer."

Which strikes me as notably optimistic about what next summer is going to be like.