Word: benchmarking
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While the increase is significant, it falls far short of the benchmark set by Dean of the College Benedict H. Gross...
...only focused on the negative aspects of the event; we feel obliged to point out what was good about it. Our goal was to use the Carnival to promote Samui during the low season, and we were successful in that regard. We wanted a Carnival theme, and what better benchmark than using Rio in a Thai style? The floats used in the parade were made from the heart by the local people of Samui, including children from more than 20 schools. Although they did not match the quality of Rio's floats, we were very proud of them. Because unemployment...
...glimpse into the key problems facing the travel industry today [Aug. 11]. One cannot, however, write off the promising future of long-distance travel to Asia. Of the 21 major Asian-destination countries, 15 experienced increased arrivals in 2002 compared with 2000. It is worth using 2000 as a benchmark, because it was a record year for tourism to and within the Asia-Pacific region, as well as the last year relatively free of tourism-targeted terrorist attacks and other negative influences on our industry. Over the past 20 years, the global travel industry has faced events and catastrophes ranging...
Greenspan is clearly worried that the bond mavens' expectations for a solid recovery is premature. Last Tuesday the Fed met and not only held its benchmark Federal Funds short-term rate at 1% (a 45-year low) but also took the unprecedented step of saying it would leave the rate there "for a considerable period." The Fed hates to be boxed in. It desperately wanted bond investors to follow the lead. They didn't. A sell-off in Treasury bonds that began in June persisted, pushing bond prices down and yields up. The yield on the closely watched 10-year...
...pushing bond yields skyward (and prices downward) even before last week's report that GDP grew at a surprisingly strong annual rate of 2.4% in the second quarter. Now even stronger growth is widely expected the rest of this year. Since the middle of June, the yield on the benchmark 10-year Treasury bond has surged to nearly 4.5% from 3.1%--a staggering reversal that is shutting down mortgage refinancings and forcing up business borrowing costs. If the trend persists much longer, these higher rates could hold back the very recovery they are anticipating, raising the specter of deflation once...