Word: tourists
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...seen deep cuts of late. Reich says all industries that rely on discretionary spending are at risk, while regions where at-risk industries once thrived could be battered. Dwindling housing and construction markets could cripple the Sun Belt; hospitality-heavy regions like Florida could suffer from a lack of tourist spending; and auto-manufacturing states like Michigan should brace for further blows. (See pictures of the Top 10 scared traders...
Meanwhile, in Miami, in a carpeted ballroom at the Jungle Island tourist attraction, stoked Obama supporters drank beer and wine and ate flan while watching election results on CNN and MSNBC. After the Ohio win was announced, all hell broke loose. "O-Ba-Ma!" they chanted. It was a diverse crowd: Cuban Americans who had voted Republican until this election, Hillary Clinton supporters who carried buttons for her in their pockets and traditional party liners wearing jeans and drinking beer. Many wore "I Voted for Change" stickers. In a corner, Eloisa Hidalgo dabbed tears as states began coming...
...capital of Reykjavik - like the Centerhotel Thingholt - are as low as $60 a night. Sure, if you go in the late fall or winter you'll get only about five hours of sunlight a day - but Icelanders know how to make those hours count. Move fast - tourist agencies are reporting a huge spike in visitors to Iceland...
...Meanwhile, Croatian authorities are worried that the crime wave is spoiling Croatia's international image as a tourist paradise. Over the past several years, the country has invested heavily in its Adriatic resorts like Dubrovnik and collects much of its foreign exchange from tourism. "The worst thing that we can now do is to [have to] start going around trying to persuade people that Croatia is a safe country," says Nadan Vidosevic, chief of Croatia's Chamber of Commerce. "We mustn't allow insecurity to spill over...
...sunny October afternoon, the normally teeming streets of the fashionable district of Nisantasi are oddly quiet. The occasional tourist couple wanders by. Behind elegant windows advertising new autumn collections, plush stores like Hugo Boss, Louis Vuitton and Armani are empty. Groups of sales attendants hover nervously by the entrance. "Business is terrible," says the director of one popular U.S. luxury label. "We hoped it would pick up after Ramadan, but it hasn't. Nobody wants to lose face by officially going on sale in October because it's unheard of, but in-store most labels are offering...