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...operators say deep price cuts have been essential to keep the region in people's minds during the turmoil. Some Caribbean resorts have cut prices in half, while Elite Island Resorts - the second-largest independent hospitality group in the region - will even accept guests' depressed stocks as payment; the firm values stocks at their closing price at the end of last October (way above what most stocks are worth now) and says it will sell them when the markets eventually go up again. "We're hoping that these deals will never have to see the light of day again," says...
...most pronounced in the developing world, where a job in tourism can mean the difference between poverty and prosperity. In Kenya, a single employee at a hotel or restaurant supports four other people with their salary, according to Gerson Misumi, managing director of Tamarind Management, a restaurant and resort firm in Kenya and South Africa. "There's a chain of services that depend on our industry." Lipman of the UNWTO agrees. "Tourism is a good development agent because poor countries don't have to manufacture it," he says. Developing nations already have their product - nature, culture, tradition - and all that...
...love the city," she says gamely. But the city has not made it easy. Soma, 24, hasn't been able to find work - in a recession, no one's interested in her master's degree in psychology without experience - and Avishek's once coveted job at the outsourcing firm Satyam now depends on the whims of the scandal-tainted company's new owners. (Read "In India, a Dynastic Heir Strategizes the Election...
...wide-range of propaganda weapons, spanning high and low technology. Since mid-2005, the militants have maintained a multilingual website that has repeatedly changed service providers to avoid being shut down. On April 9, The Washington Post reported that, for more than a year, a Houston-based firm had unwittingly hosted a site claiming to be the voice of the "Islamic Emirate of Afghanistan" (the name of Mullah Omar's regime, deposed by the 2001 U.S. invasion) before it was identified as such. It was updated with official messages and battlefield reports that were clearly and incredulous pieces of propaganda...
...skeptic might observe that avoiding firm predictions is a good way of avoiding being proved wrong. As one such skeptic, I sit down for a reading with Ashby. Here's what she tells me: "You work in an industry that's very fluid" (true) and "you have a tendency to play it safe" (uh-uh). Still, Ashby's clients give enthusiastic testimony to her powers of prediction. The trader remembers only one occasion when Ashby's advice proved wrong: "She told me I would meet someone in October, but it was very busy on the market and I wasn...