Word: summers
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Heading abroad from the U.S. this summer? Consider packing a few extra dollars. Since early March, the greenback has fallen 11% against the euro and 17% against Britain's pound as investors who had sought out the dollar as a safe haven during the worst of the crisis now head for riskier assets. Throw in concerns over the U.S.'s spiraling deficit and calls from China for an alternative reserve currency, and "the likelihood is the dollar's going to remain under pressure," says Simon Derrick, head of currency research at Bank of New York Mellon in London...
With its registration levels near normal, Camp Walt Whitman is one of the lucky ones. Across the country, camps have reported drops of 10% to 20% in enrollment. Parents are also opting to send their kids for shorter periods. (Read "The Meaning of Summer Camp...
...Summer camp is big business, a multimillion-dollar industry that provides child care (not to mention a break for beleaguered parents) for more than 3 million campers every year. But much like buying a car or choosing a college, this year parents have been more apt to shop around and try to find the best deals. "We've seen a great increase in parents going to camp fairs," says Peg Smith, executive director of the American Camp Association. "We think that is encouraging, because generally the last dollar a parent is going to cut will be one they spend...
...college coaches, have limited options to avoid economy-related enrollment drop-offs. Charlie Hoeveler, who runs U.S. Sports/Nike camps in 49 states (sorry, South Dakota) and Puerto Rico, says he braced for the worst when he saw the early enrollment numbers this year. (Read "Stimulus Sparks a Summer Jobs' Comeback...
...school year ends, Hoeveler, like many others in the camp industry, is happy to see that some parents are still slipping their children in after the relaxed registration deadlines. "As long as kids have summer vacation," he adds, "parents will need something to do with their kids...