Problems Facing American Economy
The US economy is the largest economy in the world, with one of the highest GDP per Capita. However, despite its position as the most powerful economy, it now faces many serious economic problems. Some of these are short term, but some of them reflect an underlying weakness.
National debt and Government Borrowing
Due to decades of government borrowing the US national debt is fast approaching $10,000 billion, or more than 65% of GDP. The consequence of such high levels of national debt is to increase the cost of interest payments. It also limits the potential for future tax cuts and higher government spending. High levels of government borrowing can also lead to crowding out. Where government borrowing reduces private sector spending.
Current Account deficit and External Debt
In the past 2 decades US economic growth has mostly been financed by high levels of consumer spending. This consumer spending has created an increase in imports that has not been met by a corresponding increase in exports. At its peak the US current account deficit reached 7% of GDP. This current account deficit was financed by foreigners buying US securities. It means that most of the US external debt is held by Chinese, Japanese and other investors. A current account deficit has contributed to the declining dollar and remains a constraint on economic growth
Housing Market
It is estimated US house prices have fallen by 10% in the past 12 months. Although there are many different ways to measure house price statistics, most people will agree that US house prices are falling. There is a combination of oversupply and falling demand due to uncertainty about the future of the housing market. Declining house prices can be a powerful disincentive for consumer spending. As house prices fall, consumers see their wealth decline leading to lower economic growth. It is feared that falling house prices could alone tip the economy into recession.
Low savings Ratio
The low savings ratio is linked to the current account deficit. It is a result of consumer led growth. It is also a result of increased personal borrowing levels. It is suggested that the economic growth has been based on an unsustainable footing. It means that the American consumer is susceptible to any rise in interest rates.
Rise in Commodity prices
Despite a slowdown in the US economy, we have seen a rise in cost push inflation. In particular rising prices of oil, wheat and soybeans have created problems for the US economy. It could lead to a situation of stagflation – rising prices and falling growth.
Updated: more in depth analysis of the problems facing the US economy.
How Does a Timeshare Work
There are a lot of people who think timeshares are one of the best ideas in vacation planning. In fact they are becoming more and more popular as the industry evolves to better serve their vacationing clients. But if you still aren’t sure if this type of vacation investment is right for you because you want to know how does a timeshare work here is a quick look into this part of the travel industry.
The best definition of a timeshare is buying lodging or accommodations at a certain location during a set time of the year for a certain period of time depending on the contract with the timeshare company. It is a growing business that is showing such a profit margin that large hotel companies are investing heavily into this model and building resorts built specifically on the timeshare model.
This is actually a plus for those interested in purchasing a timeshare because it provides vacation timeshare goers with more choices and a better vacation experience. Many of these new timeshare units are built with a more resort style design giving the timeshare buyer a complete vacation opportunity.
There is another thing that is happening in this industry, a shift from the way you can use your timeshare. It used to be you bought into a particular property and you were stuck with it year after year. This is no longer the case. The more progressive timeshare companies allow you to book time at a wide range of resorts at different destinations. Depending on your level of investment you are also no longer stuck with taking your vacations at certain time of the year. Providing more flexibility to vacationers is the hallmark of this direction in timeshare marketing.
This type of timeshare works on a points system. When you purchase your timeshare you are given a certain amount of “travel” points that allow you to book time at any timeshare resort within that company’s network of destinations. Certain amounts of points translate into how many days you can stay at a particular resort and the higher the purchase price to more points you get.
The more traditional timeshare works a little differently. You are basically buying into a piece of property, normally a condo or house that you share with other timeshare owners. The big limitation of the traditional timeshare is scheduling. In most cases you will be assigned dates and times you can use the property, usually in week to two week increments. There isn’t much flexibility in these types of timeshares.
That being said a timeshare can be a great way to vacation. You always know that your lodging needs will be well taken care of no matter which takes much of the hassle out of travel planning. Once you understand how does a timeshare work you can better decide if it indeed it is a vacation choice you wish to make.
A Look at Punta Cana Weather
The weather in the Dominican Republic remains tropical year-round with the temperatures averaging around 25°C (77°F). The summer and winter seasons differ by only a slight variation in temperature. Visitors coming to the Dominican Republic, practically any time of the year can expect to be treated with extended periods of blue sunny skies — ideal weather for getting a nice tan.
The best time to visit Punta Cana is during the “cool” season from November to April. During these months, the weather is pleasantly warm with relatively low levels of humidity and low precipitation. Temperatures along the coast are constant around 29°C (84°F) during the day and drop to a comfortable 20°C (68°F) at night.
The “hot” season runs roughly from May to October when the average temperature rises to 31°C (87°F) during the daytime and drops to about 22°C (72°F) at night. But with the high humidity levels during this season, the temperature feels much hotter. Rains do bring some respite from the heat during May through August, but usually this turns out to be no more than a 30-minute tropical shower. It is advised that travelers pack light and include a lot of cool and light fitting cotton clothing.
Despite such minimal difference between the temperatures in summer and winter, the climate tends to vary a lot from year to year due to the influence of the weather phenomena known as “El Niño” and “La Niña” among others. The greatest threat to the Dominican Republic comes from hurricanes. The Caribbean hurricane season lasts from June 1 to November 30. August and September are the more hurricane-prone months. The major resorts have become adept at getting back on their feet quickly after a hurricane.
As in most tropical areas, in Punta Cana too the menace of mosquitoes looms large. The mosquitoes usually appear after dusk but they are seasonal and more noticeable in the rainy season. Visitors are advised to wear long, comfortable cotton pants after dusk and use insect repellent sprays before venturing outside.
Health Insurance Over 50 And Under 65
If you are between the ages of 50 and 65 and you are going to be looking for health insurance or are looking for health insurance you need some help. This is a tough age (of course what age isn’t starting with the terrible twos) because you are at a prime age to start developing health problems. Statistically speaking and statistics is the only language insurance companies speak, the insurance company can predict they are going to spend more on 50-65 year old than a 20-45 year old. For that reason premiums are much higher for the older person.
But, we Baby Boomers are a smart group and where there is a will, there is a way. So let’s look at some of the options:
If you currently have a job and are looking to retire or start your own business, you have a couple of avenues you can investigate. First you can inquire if your company will let you buy health insurance through the company plan. If your company will let you do this your employer (assuming we are talking early retirement) may subsidize part of your premiums. If not, you still get group rates which are a whole lot cheaper than individual rates. If you are married and your spouse is still working strongly consider adding yourself to his/her plan if that option is available to you.
The next option (if you currently have a job which provides health insurance) is COBRA or Consolidated Omnibus Budget Reconciliation Act. COBRA lets former employees and their dependents continue their employer’s group coverage for up to 18 months. The best thing about COBRA is it is guaranteed. Your former employer’s insurer can’t turn you down even if you have a chronic medical condition. The worst thing about COBRA is the cost. Your employer generally covers 70% or more of your health insurance premium. With COBRA you have to pay the whole premium plus administrative costs. Industry surveys indicate based on an average premium (for 2007), a former employee would have to pay more than $373 a month for individual coverage and more than $1,008 a month for family coverage.
If you are not currently employed by a company who provides health insurance there are still choices for you. If you have pre-existing conditions such as diabetes or high blood pressure you can receive coverage through a state high-risk health program designed to help those with medical conditions that prevent them from getting insurance. Again though like COBRA the premiums can be quite high.
You can also check out professional organizations you could join or are already affiliated with to see if they offer health insurance policies for members. Because these are group plans, the premiums may be less than what you would pay in the individual market.
Finally, there is the individual health insurance option. There has been some progress in terms of offerings of policies for the 50-65 year age group market mainly because insurers see this age group as a potential growth market. Many Baby Boomers are in good health and have higher income than younger people. Also insurance companies hope that retirees will still purchase their products, such as supplemental insurance, even after they’re eligible for Medicare. Some of policies currently offered may have premiums as low as $200 per month for people who are in good health and willing to pay a high deductible. Many insurance advice columnists recommend combining a high deductible individual health insurance policy with a health savings account. HSA contributions are made with pretax dollars, and any money left over in the account at the end of the year is rolled over for future use. Withdrawals are not taxed if used for qualified medical expenses.
Fun Facts About Chile
DID YOU KNOW THAT…
Chile has many idols: Claudio Arrau (pianist), Gabriela Mistral (writer), Pablo Neruda (writer), Nicolas Massu (sportsman), Fernando Gonzalez (sportsman), Miriam Hernandez (singer), Cecilia Bolocco (Miss Universe 1987), Isabel Allende (writer), Jorge Edwards (writer), Christian de la Fuente (actor), Roberto Matta (architect), Hernan Büchi (economist), and Jose Piñera (economist).
DID YOU KNOW THAT…
Michelle Bachelet Jeria is currently president of Chile.She is South America´s second elected woman president.
DID YOU KNOW THAT…
In 1987, Pope John Paul visited Chile.
DID YOU KNOW THAT…
The 1945 Nobel Prize for Literature was awarded to Gabriela Mistral, a poetess. Her real name was Lucila de Maria del Perpetuo Socorro Godoy Alcayaga. She was the first Latin American to win the Nobel Prize for Literarure. Gabriela Mistral is a national heroine of Chile.
DID YOU KNOW THAT…
Santiago de Chile hosted the FIBA 1959 Men´s World Championship.Brazil won the tournament in Chile.
DID YOU KNOW THAT…
Like South Korea and Mauritius, Chile has one of the best democracies in the Third World.
DID YOU KNOW THAT…
UNESCO has declared Rapa Nui National Park (2005), Churches of Chiloe (2000), Historic Quarter of the Seaport City of Valparaiso (2003), Humberstone and Santa Laura Saltpeter Works (2005), and Sewell Mining Town (2006) World Heritage Sites. Like Petra (Jordan), Tikal National Park, and Taj Mahal (India), Rapa Nui National Park is considered among the wonders of the world.
DID YOU KNOW THAT…
Chile is also known for its International Song Festival of Viña del Mar. In the 1980s and 1990s, Many artists went to Festival of Viña del Mar, including Julio Iglesias (singer), Jose Luis Rodriguez (singer), Thalia (singer), Gina Lollobrigida (actress), Lucia Mendez (actress), Celia Cruz (singer and actress), Sting (singer), Bryan Adams (singer), and Maria Conchita Alonso (actress and singer).
DID YOU KNOW THAT…
Different from many Third World countries, Chile has competed in the Winter Olympic Games 14 times (Saint Moritz-1948, Oslo-1952, Cortinad´Ampezzo-1956, Squaw Valley-1960,Innsbruck-1964, Grenoble-1968, Innsbruck-1976, Sarajevo-1984, Calgary-1988, Albertville-1992, Lillehammer-1994, Nagano-1998, Salt Lake City-2002, and Turin-2006).
DID YOU KNOW THAT…
Chile has more Nobel Prizes than Brazil (0), Cuba(0),Venezuela (0), Colombia (1), South Korea (0), Puerto Rico (0), and Bangladesh (1).
Chile has two Nobel Prize winners:
1945:Gabriela Mistral (Nobel Prize for Literature).
1971:Pablo Neruda (Nobel Prize for Literature).
DID YOU KNOW THAT…
Chile has had famous athletes in the past century: Marlene Arehns (track and field), Ivan Zamorano (soccer), Carlos Caszelly (soccer), Elias Figueroa (soccer), Javier Margas (soccer), Marcelo Salas (soccer), Marcelo Rios (tennis), Jaime Fillol (tennis), Alfonso de Irruarrizaga (shooting), Oscar Cristi (equestrian), RicardoEcheverria(equestrian),Cesar Mendoza (equestrian), Ramon Tapia (boxing), Claudio Barrientos (boxing), and Carlos Lucas (boxing).
DID YOU KNOW THAT…
Chile has had spectacular beauties in the past century: Cecilia Bolocco (Miss Universe 1987), Margott Montt (Miss Chile World 1986), Jenny Purtho Arap (Miss Chile 1982), Claudia van Sint Jam (semi-finalist at the Miss Universe 1985), Maria Veronica Sommer (semi-finalist at the Miss Universe 1976), Marianne Muller Prieto (semi-finalist at the Miss Universe 1978), Mariana Villasante Aravena (semi-finalist at the Miss Universe 1986), Maria Macarena Mina Garachena (semi-finalist at the Miss Universe 1989), and Urania Haltenhooff (semi-finalist at the Miss Universe 1990).
Chile has had spectacular beauties in the past century: Cecilia Bolocco (Miss Universe 1987), Margott Montt (Miss Chile World 1986), Jenny Purtho Arap (Miss Chile 1982), Claudia van Sint Jam (semi-finalist at the Miss Universe 1985), Maria Veronica Sommer (semi-finalist at the Miss Universe 1976), Marianne Muller Prieto (semi-finalist at the Miss Universe 1978), Mariana Villasante Aravena (semi-finalist at the Miss Universe 1986), Maria Macarena Mina Garachena (semi-finalist at the Miss Universe 1989), and Urania Haltenhooff (semi-finalist at the Miss Universe 1990).
DID YOU KNOW THAT…
The Chilean metropolis has hosted the FIFA World Cup in 1962
Ten Mistakes When Taking A Cruise
It’s a shame to lay out $250 – $2,500 on a dreamy cruise vacation only to encounter unnecessary mishaps and inconveniences. So, in an effort to minimize the likelihood of a bump in the road to your perfect vacation, here are some common potholes that you can avoid.
Mistake #1: Not Making Your Luggage Distinctive. At the end of your cruise, your luggage will be placed in a huge room with THOUSANDS of pieces of luggage, probably in some designated area based on the color of a luggage tag provided by the ship. No matter how familiar you think you are with your own luggage, it’s amazing how well your bags will blend in with the mass of cargo surrounding them. Having a quick, easy way to identify your luggage will be a major relief, especially if it gets misplaced.
BUT, that isn’t the main reason to make your luggage stand out. You will be entering this cavernous room with a couple thousand other people, some of whom stayed up all night partying. They are going to be impatient to get their bag and get out and there is a fairly good chance that their vision isn’t so good. If your bag looks like their bag, it could be a goner. And, if a stranger does take your luggage it could be hours, even days, before you get it back.
Do something durable and noticeable to your luggage so that it not only is recognizable to you, but also let’s bleary-eyed fellow travelers know that your bag is not their bag. Put stickers on it, paint a day-glo streak around it, sew a teddy bear onto the outside… just make sure it stands out.
Mistake #2: Not Researching Shore Excursions Beforehand. It should come as no surprise that cruise line advertising folks have the ability to describe each and every shore excursion as a once-in-a-lifetime opportunity. Of course, no cruise is complete without shore excursions and many of them are absolutely wonderful chances to do things you would never do otherwise. But, be smart here. It’s okay to get hoodwinked into thinking that palm trees do sway all day long and that sand feels like silk under your feet. But, it’s a whole ‘nother thing to be looking forward to that perfect, serene afternoon on a remote beach only to find out you have 500 friends, some with young kids, crowding around you and bumping into your beach chair while vendors hawk everything from coconut shells to t-shirts.
Before you commit, read some reviews, talk to the cruise ship shore excursion folks, ask fellow passengers, do some thinking. Most cruise ships have a “No Refund” policy on shore excursions, but don’t be afraid to ask for one if your experience is truly unacceptable. Better still, find out what you’re getting before you go. Many (if not most) shore excursions are just great and you’ll be happy you went. But cover your stump and you’ll be glad you did.
Mistake #3: Runaway Bar Tabs. Unless you specifically choose a package that includes it, your bar tab is NOT included in the “all inclusive” part of your cruise. Adding to the bite is the ubiquitous 15% gratuity that gets added to every purchase you make on board a ship.
I could suggest that you drink less, but that’s just plain dumb! You’re on a cruise! So, pay attention to how much you drink. Those cute little umbrellas drinks that come in a stunning canary-yellow cup will cost you about twice what a basic cocktail costs. Cruise ship booze is already costly enough; you don’t need to help them out by spending more for a cup that you’ll stash in a closet when you get home.
Cruise ships have a policy against bringing alcohol on board, but the policy is very loosely enforced if you don’t flaunt it. In other words, don’t strap a handle onto a case of Budweiser and check it as baggage or load up your carry-on bag with bottles of Wild Turkey. Discreetly packed airline bottles of booze or cans of beer will probably go unnoticed. Don’t try to sponsor a frat party, but you can definitely help yourself out a bit.
You are allowed to bring your own wine on board if you plan to drink it at dinner, though you are charged a “corking fee”. And, you can also bring a small stash of non-alcoholic beverages (soda, water, etc) with no problem. You should definitely bring some water, especially if you’re cruising in warm climates.
Mistake #4: Ignoring the Fury of the Sun Gods. Sun Burn treatments are the fourth most popular reason that people on cruises visit the ship’s infirmary. (The first three are: 1) bumps and bruises, 2) indigestion, 3) seasickness). Once you’re burned, there isn’t much anyone can do for you except try to alleviate the pain. (My favorite treatment for that is something called “Traumeel”. You can’t find it in the drugstore, but most health food places will have it.)
If you’re cruising in the winter months (Nov – Feb), you don’t have as big a problem. Even when you are in the sub-tropics, and even though your skin probably hasn’t seen sun for several months, the sun is hitting you at an angle and that makes all the difference. You still need to be careful, but you have more leeway.
In the spring and summer months, when the sun is overhead, you can get burned in as little as an hour, especially in the afternoon hours. Some silly people forgo the sunscreen because they want to make sure they get a tan. Not a good idea. Start your sunbathing session with at least 15 SPF (30 if you haven’t been in the sun, with extra protection on your lips). As you get closer to your end time, use less SPF. Even with a good sun blocker, your friends and co-workers will still know that you’ve been out in the sun.
Hats are a serious plus if you are in sunburn territory. Most people don’t put sunscreen on their heads, and so the part of your body that is getting the most direct rays for the longest period of time remains unprotected. Visors don’t protect your skull; you need some type of covering.
Mistake #5: No First Aid Kit. As previously noted, there are several reasons that passengers end up wasting time (and sometimes money) visiting the infirmary. You may not be able to avoid all mishaps, but you can prepare for the lesser blunders. By the way, all of this applies double if you’re traveling with kids!
Bumps and Bruises. The biggest reason people visit the ship’s doctor probably has something to do with mixing booze, slippery surfaces, metal railings and the rolling motion of the ship. For most of your injuries, the right size band-aid and a good analgesic crème will do the trick. A simple travel or camping first-aid kit will have what you need.
Indigestion. One of the drawbacks of having such constant access to all that wonderful rich food that cruise ships are famous for is that people eat it. And eat it. And eat some more. Unless you are a strict disciplinarian, you can expect to consume about two or three times your normal food quantity in an average day. Add to that the steady consumption of alcohol that is a hallmark of cruising and voila! Indigestion. Take along some Alka Seltzer, some Pepto Bismol and sum type of antacid tablet, like Tums or Rolaids. All of these are available in tablet form. Some ships stores will have some of this, but not always and if you need it in the middle of the night you’re out of luck.
Seasickness. The best treatment is prevention. After you get it, well… yuck! Check out the various forms of Dramamine that are now available, including pills and patches. The directions will tell you how much lead time before you hit the waves you need to get the maximum effect. You can also get acupressure wrist bands that work really well with some people.
One of the best treatments I’ve ever seen for treating seasickness once it hits you is Coke and soda crackers – lots of both. Some people say that 7-Up works also, but I think there is something in the caffeine in Coke that helps the whole process. If you are feeling sick, your cabin is the worst place to be unless the weather topside is really bad. Being able to get fresh air and see the horizon helps to trigger the brain sensors that calm seasickness.
Headaches. We all know that booze can make your head scream for mercy, but so can sun and lots of new food. If you’re not used to heavy carbs in your diet and you scarf up lots of pastries, ice creams or gourmet desserts, your body can trigger the same symptoms it does when detoxing from too much alcohol. And, if you experience bumps, cuts or sunburn a pain reliever is a good thing. Have a supply of different types of pain reliever. Depending on the reason for your pain, aspirin may not work as well as Tylenol or Ibuprofen in a given circumstance. (Do I need to remind you to read the label and follow the directions?)
Mistake #6: What? No Camera? A Picture Really Is Worth A Thousand Words. It’s hard to imagine, but some people will actually take the trip of their dreams and not take a camera. Or, they’ll take a camera, but they won’t keep it with them. Don’t do that. If you have a digital camera, use it, use it, use it. If you don’t have a digital camera, spring for about three or four disposable ones. And be sure to take you camera to the Life Boat Drill. You’ll know why when you get there.
A side bar to this camera thing is the Photo-ops that you have all over the ship. There will be dozens of them on your cruise – when you’re boarding, when you’re dining, when you’re getting off the ship, at the pool – at times it will seem like some one is taking your picture every time you turn around. You are, of course, free to decline. But I recommend that you give it a shot. Yes, these photos can be goofy, even cheesy, but they can also be a lot of fun. Plus, you just might end up with the best shot of the cruise. Some of the settings are outright elegant, rivaling what you would find at a studio. It’s a great way to get a nice formal picture for your living room or to send to your family, and there’s no sitting fee!
Mistake #7: Buying From Street Vendors. Where ever you go on your cruise, once you step ashore you will be approached (accosted?) by local folks trying to sell you something. I’m not talking about the shops and makeshift kiosks you may find, I’m talking about the guys selling Cuban cigars out of their trunks, or pirated CDs out of a cardboard box.
Your best bet, unless you’ve been there and really know the score, is to just say NO. Regardless of how appealing the offer, just say NO. Most of the products are very low quality and you have no way to check it out before you buy. I know of people who bought CD cases with no CDs inside, watches that didn’t work, Cuban cigars purchased in the local drugstore, “handmade” jewelry that came out of bubble gum machines, the list is endless. And this applies SIXTEEN FOLD if some local guy tries to sell you some pot.
In most ports of call frequented by American-based vessels, this street traffic is actually illegal. You probably won’t get into trouble, but why risk it? Save your money for the honest locals and their little shops that are going to sell you watches that do work, they just fall apart in a few weeks.
Mistake #8: Thinking You’ll Save Money “In Town”. One of the charming aspects of cruising is the ritual of visiting the local markets and shops. This is truly a fun experience and you can find all manner of unique and special items, but you probably won’t find any real bargains. There are bargains to be found, but you really need to know what you’re looking for and what it’s worth in the US. Don’t be cynical about it. It’s all part of the experience. Somehow, buying a wooden giraffe in Grand Turk is better than buying the same wooden giraffe at Pier 1 Imports, even if you pay a little more. Go figure.
You actually can save money when you buy liquor or tobacco products, but it might not be as good a deal as it first seems. Most ports have what are called “duty free” shops which means that there was no “duty” (i.e. import tariffs) paid on the products and so they are cheaper to sell in that country. The same applies to diamonds and other fine jewelry. The challenge is knowing what an item is actually worth. Just because these guys saved on the import fees doesn’t mean they’re passing the saving on to you. Also keep in mind that you are supposed to declare to US customs any purchases you make in a foreign country. Duty Free in Nassau doesn’t mean it’s duty free when you come back to the US. There are certain exemptions for personal items, but if you shell out some big bucks, you might lose the saving when you pay the US import fees.
So, don’t be a miser. Spend freely. Do some Christmas shopping. Spread your money around the local economy and have fun doing it. Just remember, these guys are in the business of selling stuff to foreign tourists. They know where the money is coming from and they know how to keep as much of it as they can.
Mistake #9: Sticking Around The Port. Yes, ships are safe in the harbor, but that’s not what ships are built for. Most ports of call, especially when the call is for a day or less, are set up to provide the ships passengers with a particular experience. They accomplish this by making their ports as visitor-friendly as possible. The experience of Mexico that you get right outside the port in Cozumel is decidedly different than the experience of Mexico on the other side of the island. Around the port, all manner of business are set up to appeal to a particular comfort-zone and a particular economy.
But, often, just a few miles from the port, you can have a completely different experience. If you travel to Grand Turk, for example, you can spend a delightful afternoon at the resort-like environment of Margaritaville. The beach is well-maintained, though a bit crowded. There is a huge beautiful pool with lots of palm trees and man-made waterfalls. A beer will cost you about $6 and a burger will be about $8.
But a short taxi ride to the old downtown area will take you to a much more authentic location. At least for the time being. You can stroll crowded, dusty streets; see skinny dogs shuffling through garbage cans and have a local beer and piece of fried chicken for about $3.75 at one of the local pubs. Sure, the pub would never pass an American food inspection and you may have to do without air conditioning. But the experience can be wonderful. You won’t get that experience staying close to the port.
Of course, you want to be safe and you want to be able to get back to your ship before it sales, so keep all that in mind. But, there is a whole universe of color, sound, smells and people that don’t ever get to the port and it’s worth the trouble to find it.
Mistake #10: Not Preparing For the Journey Home. Sooner or later (it will seem much too soon), your cruise will come to an end and you’ll have to return to the land of making your own bed and cooking your own food. The journey home is often an irritating necessity and something to endure as quickly as possible. But, if you rush back into the reality you left behind, it’s kind of like a diver coming to the surface too quick after a deep dive. Your mind and body will resist.
If possible, do something fun on the way home. Stay an extra night in a hotel or visit a landmark or even a theme park. At the very least, stop at a nice restaurant for a leisurely lunch or dinner. A quiet picnic (even with fast food) at a rest area can be a perfectly delightful way to transition home.
Here’s a couple of things to do to make your return less stressful and hurried.
o If you’re driving, fill up with gas before you go to the port. Make sure that, when you leave, you don’t have to stop until you want to.
o When you have breakfast on your last morning, take some pastries with you, or even make yourself an egg sandwich. If you thought to bring a thermos with you, fill up on coffee or juice for the ride home.
o Leave some bottles of water in your car. Many bus companies will allow you to leave some personal items on the bus when you get to the port, so include some water and a pillow.
o Find out what the weather is back home. I once stood shivering in 40 degree weather outside the airport in a pair of shorts and an aloha shirt. Hey, it was 85 degrees when I left Puerto Rico that morning!
o Take the next day off. If you are returning to port on a weekend, good. If not, schedule the time off before you leave. Or call in sick. You’ll be SOOOOOOOO glad you did.
A Final Suggestion.
Keep up with all of the information documents you got on the cruise – daily ships newsletter, shore excursion price list, etc. When you get home, file all this in a folder and then use if for reference material for yourself or someone else the next time a cruise is planned. And before your forget, write down all the things you wish you’d thought of and that you wish you had known. Make a complete list and stash it with the other cruise information you brought back.
Happy Cruising!
What is the safest abode to alive in America?
First looking at weather patterns, it appears that if there is nuclear fallout, where could you want to be? Remember weather patterns start in the West or North West and move across the country and change throughout the year, but always for the most part blow from East to West. So if you live East of the West Coast you could be in trouble if a Western city gets nuked. Then there are the East Winds in CA, which are called the Santa Ana Winds which are hot, fast moving and dry, the worst possible conditions for fires. As we see every few years in the Southern CA mountains.
So then perhaps you might wish to live on the West Coast, fairly good weather all year and the wind blows the other way. But you would want to live far from any major city on the West Coast. Not in LA, Not near the Nuclear Power plants, Not near the Military bases of Pt Mugu, Camp Pendleton or Vandenburg AFB. So where? Probably on the coast between Humbolt, CA and mid state OR. But alas there are huge faults along the West Coast and the OR Coastline is riddled with issues from liquefaction to offshore Tsunami generating Earthquake faults.
San Francisco gets huge Earthquakes as we know and LA is not immune either and neither is the central valley of CA with it’s issues after proof in the Coalinga Fault. Living between the Russian River and OR Coastline near the coast would be okay even with these issues. Also you would not be down wind from any fallout and you are not a target. Safe in that you have fish for food and lumber for heat and no need for much of anything like power, surrounded by capable woods people.
You would have lots of rain and no water that would be polluted running off from areas of fallout. Of course from an attack by sea from the Pacific side in the case of invasion, you would not be in the best spot, we are not expecting any wars, yet 20 years from now will China be our biggest trading partner or will 2 billion of them like this piece of real estate? If we were attacked for some reason you would have air support from all the Navy and Air guard Bases along the Pacific Coast. Where are other good spots? If Seattle was not hit by a weapon of mass destruction then you still have Earthquakes and remember MT. Saint Helen. There are some cities inland on the I-5 freeway surrounded by mountains, but they are close to volcanoes too?
Where else would be good? Well not Phoenix, not Las Vegas and Reno is over the hill from CA and gets all it’s left over weather. Boise has issues too. Although there are other cities in ID worthy of mention. Salt Lake is on a huge Earthquake fault. How about Helena MT, drought plagued and fire issues. Kellogg ID, superfund area. Billings out of water, Bozeman? Well too close to the State Park and there are issues with the volcanoes there too. Butte, MT also too close. Casper WY out of water and down wind in case of Volcanic Activity from Yellow Stone. Also think if Portland, SF or LA are not hit with nukes then we like, Four Corners, Elko NV, Battle MT (armpit) are doable with large underground water supply but it has arsenic in it. Winnamucka NV many not be safe either, but has thermal activity for power. ND and SD seem safe too, but winter weather is tough. Ogalla underground aquifer is being drained fast and could cause Earthquake from collapse. Western NE, not good, Denver either in case of water supply issues in future or fallout from volcano in Yellow Stone. How about in the Northern Section of AZ? Flagstaff has harsh weather, fire season. Winslow AZ is okay, with rail and FWY, but isolated. Of course these are only a few western states really and well we have identified several great locations with everything you need to survive.
Having studied the FEMA reports and the regional issues of each area and state and the disaster plans, we are well served by such data, but it falls short and a comprehensive plan of attack needs to be considered, because many people living in a region will need supplies, such as we see after major Hurricanes. Which by the way leaves us to wonder if there are in fact any safe cities on the entire Eastern Seaboard, Gulf Coast or West FL coastlines. As we saw in the black out of 2003, the Hurricanes and loss of power, the many fires in drought areas of CA, AZ, NV, MT, ID, OR, NM these are all big issues.
When multiple disasters hit, and transportation is down, power is out, water turned off, dams broken, bridges out, etc. Then what? Well, for some it will be their demise, others have adequately planned. Some of the safest cities are sitting near large underground water supplies and generate their own power or have co-generation plants, which are co-ops near by. Those mid western cities near large rivers are not safe due to the issues with flooding, as we have seen and continue to see every three to five years some town gets it. The water is fresh and clean in those areas and very soft, but when it floods, it is a disaster and very dangerous too.
Some would say it is probably unnecessary to have a major disaster plan, however it is a good exercise anyway, in planning. Things of importance are fresh water supply uncontaminated, food supply, encapsulated market, not over populated, no problems with contaminated air from normal weather patterns know and comparable to the last 200 years, out side of a fire zone and a defendable location. Also of secondary importance out side the risk of major seismic activity, travel from major highways causing and influx of others trying to get away thus bringing in diseases or viruses or using up local natural resources. Worst places to be D.C., state capital cities with lots of military bases close by, cities on major freeways with bridges and no other ways around for over 40 miles or passes on mountain ranges.
The cities which do not make the safest cities are Denver, Dallas, Mobile, Biloxi, Seattle, Chicago, NYC, Orlando, Tampa, Las Vegas, Salt Lake, LA, etc. Cities with no way to get out the population quickly are of problem, for instance DC with it’s daily grid lock or Los Angeles, Atlanta, SF, etc. Cities, which rely on outside sources to get in important stuff are bad. Not to mention you are more likely to die from an auto wreck, although on the plus side they have the cleanest and best filtrated water supplies. That of course a trade off from the polluted air around you which could also kill you before your average life expectancy figure.
Port cities and cities with big major airports, which are hubs for major airlines are bad too. Cities that are big but do not have fed banks are one click down on the list too. Think of the logistics by train too. Cities which are down river close to major railroad bridges, which handle lots of interstate trains are bad too. Port cities get an extra bad deal. Cities which are close to port cities which are over 2 million population are dangerous too. Large cities near borders of Mexico are dangerous if they have over 2 million populations.
San Diego County, San Antonio, Phoenix, Austin TX, Houston, even throw in Tucson, El Paso, Yuma all bad. Already at a fresh water problem time due to droughts and over populations. Santa Monica is bad and LAX is a bad area to be near. A problem at the sewer treatment plant near LAX could be devastating with chlorine gas and weather patterns, with a weapon of mass destruction. Worrisome also to our scenario of possibilities is the major computer brain areas. Like Silicon Valley, Seattle, VA and other Internet hubs, which would also include Boston.
I would like to see a comprehensive plan to save American lives if an attack or Mother Nature event occurs, one which encompasses the entire country. Perhaps this is a good job for our war planners at the Pentagon, to try a reverse order plan, it would help them learn where best to minimize vulnerabilities and an action plan against International Terrorists or Catastrophic Mother Nature Events.
I have been to every city in the United States over 10,000 population. Where have you lived? Have you lived thru a natural disaster? Many of us have. The Hurricanes alone last year alone added 40 more million people to that list, it was a costly year for FEMA, but we made it through and showed resilience. So where are you safe? The answer might be nowhere or everywhere and preparation and quality of first reponders may hold that key. What were your concerns, and immediate needs during that period in your life when you faced such uncertainty? What would you tell others who plan to protect the property and lives of America, too the first responders, planners and those entrusted to protect humanity in the times of need?
Venezuela Sports
Like most South American countries, Venezuela has always taken an active interest in all sporting activities. Sports are not only played as a leisure activity, but also serve as a full-time profession for many.
Baseball is a tremendously popular sport in Venezuela and the country has produced world-renowned players of the stature of Luis Aparicio, who has even found a place in the Baseball Hall of Fame in New York. Football is also found to be gaining popularity in the country, with many youngsters taking an active interest in the sport and the national team receiving several laurels.
Canyoning is an adventure sport that has been taken up by many an enthusiast. Merida in Venezuela is the perfect place to try out this adventure sport. The sport promises unlimited thrills and a great adrenaline rush to all its participants. It is very enjoyable to abseil from a high waterfall or jump into narrow currents using super fast natural slides. The sport is highly recommended for individuals who would like to enjoy the natural beauty of the Andes.
Another sport that is a favorite of both tourists and natives is horseback riding on the high Paramo grasslands. Western Venezuela with its great landscapes, waterfalls and mountains is a wonderful place to go riding as the scenic beauty of the place keeps the rider enthralled all along the trail. Nature lovers are advised to carry their cameras along to capture the picturesque landscape in print.
Paragliding in the Andean area of Western Venezuela is an incredible experience. Individuals can get an actual bird’s eye view of the entire mountain range from the glider. Unlike bungee jumping, which lasts for a short duration, paragliding offers an exhilarating and thrilling experience that can last for up to an hour or so.
With the sporting world becoming more and more competitive with each passing day, the government of Venezuela is giving a helping hand to several other sporting activities in the form of finance, infrastructure, and training.
The Cheapest Days and Times to Book Your Vacation
We all need a vacation now and again and heading to an exotic island or a snow covered mountain might be just what the doctor ordered. However, the high prices of vacation getaways generally keep the majority of the population at home or taking the same boring vacation year after year. However, did you know that you can book the vacation of your dreams and save a lot of money? That is right, all you have to do is check on your dream vacation package and book it on the cheapest days for that destination, and you will save hundreds if not thousands of dollars. Where will you find this information? Online, of course!
The Off Season
Every destination has an off season, or a period of the year when prices go down. The off season might be due to the weather or the flux of tourists, but regardless there are off season rates for whatever destination you are considering. What you need to do to find off season rates is learn when the off season is for your particular vacation destination. This is generally very easy and all you need to do is check online. In fact, there are many websites for hotels, airlines, tour operators and the like in your vacation destination that will tell you up front the high season and low season rates. Then, you can simply determine what dates during the off season you would like to travel and book your vacation. You will save a significant amount of money and enjoy the vacation with less tourists, more hotel attention, and will love the fact that you chose to travel in the off season.
Many individuals have a poor conception of off season travel because they believe it is a bad time to visit the specific location and they won’t enjoy that particular vacation during the off season. This is not necessarily the case and many times the high season is determined by when the tourists show up in hoards. For example, June through August is high season at most beaches in the United States, however this is considered off season for parts of South America and their beaches. Of course, down south the sun is still shining and the weather beautiful, but hotel rates and even airline rates are considerably lower. Because of this, when you want to take a great vacation figure out your budget, do a little research, and before you know it you will find the off season rates for the destination of your dreams that you can finally afford!
Why Hedge Foreign Currency Risk?
International commerce has rapidly increased as the internet has provided a new and more transparent marketplace for individuals and entities alike to conduct international business and trading activities. Significant changes in the international economic and political landscape have led to uncertainty regarding the direction of foreign exchange rates. This uncertainty leads to volatility and the need for an effective vehicle to hedge foreign exchange rate risk and/or interest rate changes while, at the same time, effectively ensuring a future financial position.
Each entity and/or individual that has exposure to foreign exchange rate risk will have specific foreign exchange hedging needs and this website can not possibly cover every existing foreign exchange hedging situation. Therefore, we will cover the more common reasons that a foreign exchange hedge is placed and show you how to properly hedge foreign exchange rate risk.
Foreign Exchange Rate Risk Exposure – Foreign exchange rate risk exposure is common to virtually all who conduct international business and/or trading. Buying and/or selling of goods or services denominated in foreign currencies can immediately expose you to foreign exchange rate risk. If a firm price is quoted ahead of time for a contract using a foreign exchange rate that is deemed appropriate at the time the quote is given, the foreign exchange rate quote may not necessarily be appropriate at the time of the actual agreement or performance of the contract. Placing a foreign exchange hedge can help to manage this foreign exchange rate risk.
Interest Rate Risk Exposure – Interest rate exposure refers to the interest rate differential between the two countries’ currencies in a foreign exchange contract. The interest rate differential is also roughly equal to the “carry” cost paid to hedge a forward or futures contract. As a side note, arbitragers are investors that take advantage when interest rate differentials between the foreign exchange spot rate and either the forward or futures contract are either to high or too low. In simplest terms, an arbitrager may sell when the carry cost he or she can collect is at a premium to the actual carry cost of the contract sold. Conversely, an arbitrager may buy when the carry cost he or she may pay is less than the actual carry cost of the contract bought. Either way, the arbitrager is looking to profit from a small price discrepancy due to interest rate differentials.
Foreign Investment / Stock Exposure – Foreign investing is considered by many investors as a way to either diversify an investment portfolio or seek a larger return on investment(s) in an economy believed to be growing at a faster pace than investment(s) in the respective domestic economy. Investing in foreign stocks automatically exposes the investor to foreign exchange rate risk and speculative risk. For example, an investor buys a particular amount of foreign currency (in exchange for domestic currency) in order to purchase shares of a foreign stock. The investor is now automatically exposed to two separate risks. First, the stock price may go either up or down and the investor is exposed to the speculative stock price risk. Second, the investor is exposed to foreign exchange rate risk because the foreign exchange rate may either appreciate or depreciate from the time the investor first purchased the foreign stock and the time the investor decides to exit the position and repatriates the currency (exchanges the foreign currency back to domestic currency). Therefore, even if a speculative profit is achieved because the foreign stock price rose, the investor could actually net lose money if devaluation of the foreign currency occurred while the investor was holding the foreign stock (and the devaluation amount was greater than the speculative profit). Placing a foreign exchange hedge can help to manage this foreign exchange rate risk.
Hedging Speculative Positions – Foreign currency traders utilize foreign exchange hedging to protect open positions against adverse moves in foreign exchange rates, and placing a foreign exchange hedge can help to manage foreign exchange rate risk. Speculative positions can be hedged via a number of foreign exchange hedging vehicles that can be used either alone or in combination to create entirely new foreign exchange hedging strategies.
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