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...confidence have taken a crippling toll on hotels. In the first seven months of 2009, hotel occupancy was down 10.3% while average daily room rates are off 8.8%, according to Smith Travel Research (STR). At the same time, lodging stocks lost 80% of their value on average over the past year, although many have rallied back a bit in the past couple of months...
...able to shoot over the wall, Akpan coolly curled the ball around it, placing it perfectly into the side netting.His second came just three minutes later when he found some space in the box and latched onto a cross from the right side, heading the ball powerfully past the Stony Brook keeper.Akpan added an assist in the victory on Friday, and continued to set up his teammates in Monday’s 2-0 win over Boston College.In the 22nd minute, Akpan made a run into the box and found freshman Scott Prozeller, who opened the scoring against the Eagles...
...This past Sunday, The New York Times reported on one of the financial industry’s newest tactics—to securitize not mortgages, but bought-out life insurance policies. Wall Street firms buy policies from holders, continuing to pay monthly premiums until the original policyholder dies and the firm collects the life insurance money. The way in which these policies are bundled and sold as derivatives is suspiciously reminiscent of the way mortgage-backed securities were sold to investors. Upping the ante even more is a whole new set of ethical implications that comes with buying and selling...
...also been the method of choice in his push for health-care reform. In just the past two months, he has held six health-care town halls and a prime-time news conference. But public support for his plans has been declining throughout the summer. So the answer, he believes, is one more speech, Wednesday night in front of a joint session of Congress. (See 10 players in health-care reform...
...Independent Commission on Turkey report says E.U. leaders should start by challenging popular prejudice, instead of pandering to it. For an example of how popular opinion can change it includes a revealing statistic from the past: in 1954, 51% of French people told pollsters that they had a negative view of the German people and only 29% thought a Franco-German alliance would work. Now, both those countries are standing together in the way of a similar deal with Turkey...