Word: resorting
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Dates: during 1990-1999
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...skiers, a heavy snowfall is a happy occasion, a piece of good meteorological fortune falling from the sky in soft crystals. Certainly, resort operators across the Alps must have felt lucky when as much as 20 ft. of snow piled up during the past six weeks in winter playgrounds like Chamonix, Klosters and Kitzbuhel. And European travel agents were busily feeding thousands of tourists into the mountains...
...mountains have become voracious. Last week avalanches in the Austrian resort towns of Galtur and Valzur killed 38 people. Slides have also struck Chamonix in France and the Valais region in Switzerland. This season more than 70 people have died in Europe, which has seen some of the heaviest snowstorms of the past 40 years. Heavy new snow falling on older snow, strong winds and changing temperatures are conditions favorable to avalanches. In Austria, the snowslides roared through the center of the two towns, crushing houses, cars and people. The avalanches have been so frequent and the weather so horrendous...
Skiers who crave risks and ignore boundaries have always been trouble for resort operators, but now they're a revenue source as well. People are "living a lot closer to the edge of the envelope than we ever were and are looking for something to test them in a different way," says Ralph Walton Jr., chairman of Crested Butte Mountain Resort, which has added a wilderness experience to its mix. Crested Butte has built a new lift to provide access to 550 acres of steep, ungroomed runs called Extreme Limits. It also offers guided snowshoe tours and telemark classes. Says...
Jorge Campos, the most popular athlete in Mexico, left his team in Mexico City and flew to this Pacific resort to meet his father. The player spoke briefly outside the family home, saying only that his father was well and he did not think a ransom had been paid...
...role and modus operandi of the IMF and the World Bank must be substantially revisited in view of the realities of the new environment created by the increasing global role of the emerging-market economies. It would not be sufficient to transform the IMF into a lender of last resort at the global level. Such a move would also require the elaboration of a broad consensus toward a new global financial infrastructure that will ensure a smoother and more transparent functioning of the institutions and a better ability to identify potential crises and contain them...