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Posts with tag FuelCosts

Sean "Puffy" Combs grounding private jet -- to save bucks

Filed under: Entrepreneurship, Transportation, Wealth, Travel

It seems that Sean Combs, the entrepreneur-turned rap singer-turned-fashion-designer-cum-man- about-town (also sometimes known as P. Diddy or Puff Daddy or Diddy or variations on same) is grounding his private jet because of the extravagant cost of fuel.

I'd call it a Sign O' the Times, but that's the title of a song from another singer with an ever-changing name (Prince).

According to this item on Perez Hilton's celebrity gossip website, it costs about $250K for two round trips between New York and L.A. Combs, who juggles a Hollywood career with a thriving clothing business and other ventures in New York, thinks that's just too much. This from a multi-millionaire, (number 33 this year on the Forbes Celebrity 100 list) who's famous for, among many other things, his annual White Ball, in which the (very) rich, (very) famous and (very) beautiful show up to an elite location for a night of glamor and partying, clad only in white.

Sean Combs in the News

    ** FILE ** In this Feb. 24, 2008 file photo, Sean "Diddy" Combs poses on the press line at the Elton John Oscar Party in West Hollywood, Calif. (AP Photo/Dan Steinberg, file)

    AP

    Sean "Diddy" Combs shows off his clothes during a fashion presentation of his clothing lineup in New York Monday, Aug. 11, 2008. (AP Photo/Ed Ou)

    AP

    Sean "Diddy" Combs makes a toast to his guests during a fashion presentation of his clothing lineup in New York Monday, Aug. 11, 2008. (AP Photo/Ed Ou)

    AP

    Sean "Diddy" Combs takes a photo with one of his party guests during a fashion presentation of his clothing lineup in New York Monday, Aug. 11, 2008. (AP Photo/Ed Ou)

    AP

    Sean "Diddy" Combs makes a toast to his guests during a fashion presentation of his clothing lineup in New York Monday, August 11, 2008. (AP Photo/Ed Ou)

    AP

    In this Sunday, June 15, 2008 photo, Sean "Diddy" Combs watches a basketball game in Los Angeles. Combs' latest series, "I Want to Work for Diddy," premieres 9 p.m. EDT Monday, Aug 4, 2008 on VH1. (AP Photo/Kevork Djansezian)

    AP

    Actor/Rapper Sean 'P. Diddy' Combs arrives at the 2008 MTV Movie Awards on June 1, 2008 at the Gibson Amphitheatre in Universal City, California..2008 MTV Movie Awards - Arrivals.Gibson Amphitheatre.Universal City, CA United States.June 1, 2008.Photo by Steve Granitz/WireImage.com..To license this image (15893460), contact WireImage.com

    WireImage.com

    Actor/Rapper Sean 'P. Diddy' Combs arrives at the 2008 MTV Movie Awards on June 1, 2008 at the Gibson Amphitheatre in Universal City, California..2008 MTV Movie Awards - Arrivals.Gibson Amphitheatre.Universal City, CA United States.June 1, 2008.Photo by Steve Granitz/WireImage.com..To license this image (15893462), contact WireImage.com

    WireImage.com

    Actor/Rapper Sean 'P. Diddy' Combs arrives at the 2008 MTV Movie Awards on June 1, 2008 at the Gibson Amphitheatre in Universal City, California..2008 MTV Movie Awards - Arrivals.Gibson Amphitheatre.Universal City, CA United States.June 1, 2008.Photo by Steve Granitz/WireImage.com..To license this image (15893461), contact WireImage.com

    WireImage.com

    Actor Will Smith, actor Jaden Smith, Sean "Diddy" Combs and his son arrive at the World Premiere of Columbia Pictures "Hancock" at Grauman's Chinese Theatre on July 30, 2008 in Hollywood, California..The World Premiere of Columbia Pictures' "Hancock" - Red Carpet.Grauman's Chinese Theatre.Hollywood, CA United States.June 30, 2008.Photo by Lester Cohen/WireImage.com..To license this image (55237472), contact WireImage.com

    WireImage.com

Recession watch: Cutting back on travel plans

Filed under: Travel, Recession

This post is part of a series about real-life signs we're in a recession.

It was all set. Family friends in New York had invited us to come out and visit, and my two kids and I were all on board. In theory. Our plans were set at a reunion the previous summer. Fares are cheap! I told them. We'll all be out!

But that was before things got a little tighter. March came and went. I emailed my friends with the bad news: Sorry guys; the money's just not in the budget anymore. Can't justify the expense. They totally understood. They were hard up, too. Maybe next year, we imagined.

But maybe not. Seems a lot of people are canceling or dramatically altering discretionary travel these days.