United Offers One-Year Pass for Checked Bags for $249

UAL Corp.’s United Airlines, the third-largest U.S. carrier, will begin offering annual subscriptions for $249 that allow passengers to check two bags at no additional cost any time they fly.

The fee for the so-called Premier Baggage service also covers checked luggage for as many as eight companions traveling under the same confirmation code as the subscriber, Chicago- based United said today in a statement.

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The demise of the dollar

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.

The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.

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