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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (33752)	5/15/2003 3:26:01 AM
From: Raymond Duray	Read Replies (2) \| Respond to of 74559

My Dear Kastel, Re: You are not thinking strategically.' Well err... not quite .. And then you point me to a post with five or six lines and call that strategic thinking? I take back what I've said about Americans being the most shallow thinkers on the planet! Here's a really terrific article that was a total eye-opener to me on the strategic considerations that are driving the decision-making in the Bushista Mafia's main strategy bunkers. See, these criminals are not simply driven by blind greed and arrogance. There's actual malice aforethought involved. ***** Message 17074570 siliconinvestor.com

To: Cogito Ergo Sum who wrote (33752)	5/15/2003 4:42:03 AM
From: EL KABONG!!!	Read Replies (4) \| Respond to of 74559

SARS will cost 5 million jobs Asian tourism hit hardest, U.N. says Bloomberg News May. 15, 2003 12:00 AM NEW YORK - Five million people will lose their jobs this year in the worldwide tourism industry because of the SARS epidemic and the economic slump, with Asia by far the hardest hit region, the United Nations said in a report. "The capacity of the travel and tourism industry to create employment seems severely damaged by recent events," the U.N.'s International Labor Organization said Wednesday. "The estimate dampens optimism that began early in 2003 that the worst of the aftermath of the September 11 terrorist attacks on the U.S. might be over." The travel and tourism industry, which employs about 80 million people, has lost 11.5 million jobs since late 2001, according to the report. Travel and tourism employment in China, Hong Kong, Singapore, Taiwan and Vietnam, the countries most affected by the respiratory disease, will decrease by as much as 30 percent, the report said. Fifteen percent reductions are forecast for Australia, New Zealand, Indonesia, Malaysia, Fiji and Kiribati. The rest of the world will average 5 percent, the UN said. SARS has killed at least 587 people worldwide and infected 7,628 people in 32 countries, according to the World Health Organization, a U.N. agency. China, Hong Kong and Taiwan are the three most infected countries. Another report Wednesday by hotel company Hyatt illustrated the scope of the problem. Hyatt said its two hotels in Hong Kong have taken tremendous hits. Richard White, vice president of sales at Hyatt International Corp. said the April occupancy rate was 5 to 8 percent; the norm is 60 to 90 percent. The World Tourism Organization, another U.N. agency, said SARS has reduced tourism more than last year's terrorist attack on Bali or the war in Iraq. Instead of growing by up to 2 percent in 2003, as previously forecast, tourism income worldwide is expected to decrease by 7 percent, the United Nations said. The Associated Press contributed to this article. KJC