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| A British subprime mess Michael Coogan, the director general of the Council of Mortgage Lenders, is grumpy with me (and said so today on the News Channel), because he thinks I implied yesterday that the big surge in repossessions that the CML expects next year ... A Byte Of Vim: Free/Open E-Book on the Vim 7 Editor A Byte Of Vim is a newly released e-book by Swaroop CH that guides users, new and old, through the Vim 7 text editor. Released under a CC BY-SA license, the e-book is not only legally ripe for reuse but also approved for free cultural ... Central banks need a helicopter By Eric Lonergan. The most direct and efficient solution to the economic and financial problems is for central banks to transfer cash directly to the household sector. (more…) Robert Pattinson Confession: He's a 'Nibbler' The hottest vampire of the moment -- 'Twilight' hunk Robert Pattinson -- reveals he sometimes slips into character when he's with a woman! "I've been known for a little nibble," Robert told reporters at the London premiere of 'Twilight ... Texas Worries About a Carbon Cap When it comes to potential greenhouse gas regulation, there are vast rifts of opinion in the Lone Star State. | |
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Contact Us India Clothes India Mobiles The WTO reported a 2% drop in worldwide international tourism receipts (in inflation-adjusted, weighted local currencies) in 2003. Major factors in this decline were the continuing results of the September 11, 2001 attacks in the USA, the Asian SARS outbreak, the Bali bombing, the war in Iraq, and global economic recession. Northeast Asia, Southeast Asia, and Oceania fared the worst, with North America, Africa, and Europe also showing losses. The Carribean, Central and South America, and the Middle East (!), showed gains during 2003. These findings are included in the WTO's second trimester 2004 Barometer publication (An excerpt is freely available from their website at http://www.world-tourism.org/market_research/facts/barometer.htm. . Security and economic concerns are still significant factors affecting travel decisions; globally and across demographic sectors. Continued currency value realignment (particularly the reduced value of the US dollar against the Euro) will continue to shape consumer and industry spending decisions. Tourists, overall, are not curtailing their travel, so much as spending less (tourism receipts have decreased more than have the number of international arrivals), and staying closer to home. This has led to an increase in regional and local tourism. Regional budget airline growth is also fueling this trend (The continued viability of their business models remains to be seen, however). |
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