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...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 into the economy," says Geoffrey Lipman, Assistant Secretary General of the United Nations World Tourism Organization (UNWTO). "Construction jobs, manufacturing jobs, restaurant jobs - they can all flow out of tourism...

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

Industry officials now want governments to start looking at the sector not just as a symbol of the frothy good times - but as a way to get economies back on track. "What are governments trying to do in a recession? They're trying to create jobs," Lipman says. "They say, 'Let's bail out the car manufacturers, let's do something about the banks,' and they forget about the major opportunity they have with the travel sector...

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

...Geoffrey Lipman, assistant secretary-general of the United Nations World Tourism Organization, has a less inflammatory take. "We know from the past that restrictions don't actually serve to hold back the spread of this kind of virus," he says. "It's already out there around the world in different places...

Author: /time Magazine | Title: To Travel or Not to Travel? A Swine Flu Dilemma | 4/30/2009 | See Source »

...None of the extravagance, it should be noted, is extraordinary at Condé Nast or other glossies. While ex-staffers say Lipman's background in newspapers afforded her little understanding of how much high-end magazine journalism costs, Condé Nast chairman S.I. Newhouse Jr. stuck by her a month past the April issue, which at 106 pages was reputed to be the thinnest his company had ever published. The magazine relied on advertisers from the finance, corporate-branding, car, travel and luxury-goods industries, all hard hit in this recession, and it never became a must...

Author: /time Magazine | Title: Portfolio's Flameout, or How to Burn Money Fast | 4/28/2009 | See Source »

...best editors in chief all have one thing in common," wrote former staffer Paul Smalera, on the Portfolio-obsessed website Gawker.com, "which is they know how to channel and predict the predilections of their readers and turn at least a couple issues a year into can't-miss propositions. Lipman did not have this particular talent...

Author: /time Magazine | Title: Portfolio's Flameout, or How to Burn Money Fast | 4/28/2009 | See Source »

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