Word: easternism
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...early-March snowstorm that creamed the Eastern seaboard largely missed Vermont's big skiing areas. But resort operators were delighted nevertheless, because the storm whetted the appetite of all those coastal skiers. The industry calls it the "backyard syndrome," and it can either feed or starve the sport in a given year. The backyard syndrome stipulates that if you can't see snow in your backyard, you won't think of going skiing, whatever the economy. If the flakes are falling, however, you'll get silly for the slopes. "Snow makes skiers act irrationally," says Ralf Garrison, director...
...powder has really propped up Eastern operators, who have been bopped with a series of big storms. "East of the Mississippi, we're seeing [snow] levels at or above record levels," says Berry. New York and New England resorts have several advantages during a recession. First, they're cheaper than the higher-end destinations like Aspen and Vail in Colorado. Second, they're within driving distance of huge metropolitan areas such as New York City and Boston. Mount Snow in Vermont, for example, is a four-hour trip from New York City and a two-hour trek from Boston...
...damage our already-tenuous relationship with the Russian Federation. Since the collapse of the Soviet Union in 1991, Russia has had a rocky relationship with its former Warsaw Pact allies, especially Poland. Moreover, Moscow has viewed the continued expansion of the North Atlantic Treaty Organization alliance into Central and Eastern Europe as evidence of growing American hegemony...
...equipped with cooking huts where freshly caught fish is simply but succulently prepared. Everywhere, women tout $8 massages. Beware if you're sunburned; sand and a vigorous rub can really chafe. In a few places, hawkers sell rough strands of pearls - they lack the quality of Asian or Middle Eastern pearls but are still a bargain by U.S. prices. (See the best places to travel in a recession...
...more than two-thirds. China offered large cash amounts in a tight credit market, but rather than require that the loans be serviced and repaid in cash, Brazil and Russia will repay the loans in crude oil supplies to China over the next two decades. Russia will ship eastern Siberian oil, while in Brazil, China hopes to get a share of major offshore fields which have recently been discovered. So, no matter what happens to the global economy, China is assured steady oil supplies over the next 20 years from two major oil-producing countries, in regions which...