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...might think the last thing we should be worrying about right now is taking a vacation. Who can afford it? Aren't we all meant to be saving and paying off mortgages? But that's to underestimate the size of the global tourism industry and its potential to energize the world economy. By most accounts tourism is one of the world's biggest industries, accounting for 7.6% of the world's workers (220 million jobs) and generating a staggering 9.4% of global income ($5.5 trillion). "If you look at its linkages with other sectors, you see how deeply it cuts...

Author: /time Magazine | Title: Vacation Blues as Tourists Stay at Home | 5/4/2009 | See Source »

...profound break with what had gone before. Thatcher, the daughter of a grocer from a small town in the dullest county of England, spoke for all those with zippered cardigans and frocks from Marks & Spencer who pottered around garden centers over the weekend, dreaming that they could one day afford something more than a camping trip to France in August. Sure, like most politicians, sooner or later, she was quite at home in the glittery salons of wealth and fame, but Mrs. Thatcher remained remarkably true to those she had set out to serve. They repaid her loyalty, making...

Author: /time Magazine | Title: Three Things Obama Could Learn from Thatcher | 5/4/2009 | See Source »

...rising death toll among civilians from airstrikes and other military actions. "The result is weakening public support for nation-building, even though few actively support the Taliban," says a report from the International Crisis Group, a think tank that monitors conflicts. An American official in Afghanistan agrees: "We cannot afford to be passive [communicators] any longer if we're going to turn this around." (See Jason Motlagh's TIME.com video report from an Afghan village...

Author: /time Magazine | Title: Why the Taliban Is Winning the Propaganda War | 5/3/2009 | See Source »

...business worth some $25 billion a year, that's debatable. "The cartels can afford to dig ten tunnels, have nine of them get discovered, one doesn't and the money they make off of that one tunnel pays for all ten, and then some, so why not," counters Austin Long, a security expert, and associate political scientist at the Rand Corporation, who points to all the other exotic and expensive ways cartels have devised to bring drugs into the US, including submarines and ultra-light aircraft...

Author: /time Magazine | Title: Underground Threat: Tunnels Pose Trouble from Mexico to Middle East | 5/2/2009 | See Source »

...schools can afford that kind of largesse. And this year, more students who may have been admitted to (pricily) prestigious schools are passing them up and opting to go to Berea instead. While a 78% yield would not be an increase from last year, it would not be a decrease, either - as Bagnoli says it almost certainly would have been in flusher times...

Author: /time Magazine | Title: Deci$ion$: How One College Snags So Many Students | 5/2/2009 | See Source »

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