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...cyclical theme but a secular theme. I want to be situated in areas of the market that don't have a lot of cyclicality in terms of consumer spending - or capital spending, for that matter. I favor staples stocks (food, beverage companies, etc.) over consumer discretionary stocks (retailers, travel, etc.). Also, look to the traditional areas of the market that perform well in a weak economic environment - not necessarily recessionary, but weak - such as health care or utilities. But you need to be selective...
African food systems are also highly local. Most food production is consumed on the farm, and the portion marketed does not travel far. This is because of high transport costs linked to a poor road system. Roughly 70 percent of all rural Africans live more than a 30-minute walk from the nearest all-weather road, so when seasonal rains are good, surplus production cannot be moved easily for sale in another district at a higher price. Even worse for these true Locavores, when the crops fail in a drought, food supplies from nearby surplus regions cannot be brought...
...aircraft cabin, as long as they are in a carrier that fits under the seat. The carrier counts as your carry-on bag allowance, but unlike most other airlines, Southwest doesn't charge for your first two checked bags. Pet-fare tickets go on sale June 1 for travel beginning June...
...first two checked bags, it will raise fees on your third checked bag and overweight bags (weighing between 51 and 70 pounds). After June 17, that fee goes from $25 to $50. The airline is also changing its policy on unaccompanied minors: tickets for kids ages 5 to 11 traveling without an adult will incur a $25 service charge, and unaccompanied minors may now travel only on nonstop or direct flights (no change of planes). The fee will apply to tickets bought after May 31, for travel beginning June...
...Better Belize It. On Caye Caulker, a tiny, easygoing island off the coast of Belize, you can get cheap deals at the tiny beach-front Tree Tops Guesthouse, described by our travel editor as basic but comfy (she recommends booking the Sunrise or Sunset suite, for $98). All rooms are sparkling clean and have air-conditioning, a ceiling fan, a refrigerator and cable TV, and most have private baths. The two "luxury" suites have Internet access. There are bicycles available, plus a sandy front courtyard with hammocks and lounge chairs. The friendly proprietor, Doris, will tell you everything you need...