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...single employee at a hotel or restaurant supports four other people, according to Gerson Misumi, managing director of Tamarind Management, a hospitality firm in Kenya and South Africa: "There's a chain of services that depend on our industry." Adds Lipman of the UNWTO: "Tourism is a good development agent because poor countries don't have to manufacture it." Developing nations already have their product--nature, culture, tradition--and all that's required to profit is a bit of investment in infrastructure and marketing. "The market comes to these countries then wanders around depositing foreign-exchange income wherever...

Author: /time Magazine | Title: The Vacation Recession | 6/29/2009 | See Source »

Pagano spoke of how the church's insurance carrier refused to cover the event and his the scramble to find a one-day rider. Only one agent in the country was willing to underwrite the event, he said - for $2,600. That, he said, illustrates how insurance companies have too much control over regular people. Those remarks, and others from Pagano, drew spontaneous bursts of "that's right" and "amen." The church eventually found coverage...

Author: /time Magazine | Title: The Day that Guns Came to Church in Louisville | 6/28/2009 | See Source »

...first visit to a cancer ward as a medical student. The white coats were ordering a transfusion for a teenage girl, and since shyness does not run in his family - brother Rahm is President Obama's famously foulmouthed chief of staff, brother Ari a similarly silence-deficient Hollywood agent - he interrupted to ask why. Because she had Hodgkin's disease and her platelets were below 20,000, the team explained. Emanuel still had questions: Was there evidence for that protocol? Don't some hospitals wait until 10,000? Why 20,000? Because that's what we do here...

Author: /time Magazine | Title: How to Cut Health-Care Costs: Less Care, More Data | 6/23/2009 | See Source »

Before he joined the group of operatives that broke into the Democratic National Committee office at Washington's Watergate apartment complex, CIA agent Bernard Barker, 92, helped recruit Cuban exiles to support the ill-fated 1961 Bay of Pigs invasion...

Author: /time Magazine | Title: Milestones | 6/22/2009 | See Source »

...concert promoter, LiveNation. That stuff that the labels used to do - production, promotion, distribution - it's just not that hard to DIY now or buy off the shelf. It's the same with publishing. Amazon could become the LiveNation of the book world, a literary ecosystem unto itself: agent, editor, publisher, printer and bookstore. It probably will...

Author: /time Magazine | Title: Is Amazon Taking Over the Book Business? | 6/22/2009 | See Source »

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