The importance of a travel and tourism course for the younger generation

Today’s generation of flaming young people is more open-minded, more informed, more adventurous and more mobile than ever before. Traveling as part of education is a long, proven fact and with it in the background, youth travel has become one of the most dynamic markets and with the fastest growing in the global tourism sector. The governing body UNWTO estimates that almost 20% of the 950 million international tourists traveling the globe during 2010-2014 were young. Still, the importance of this market outweighs the numbers. Countless young students are accredited or recognized by the UN as a major force for change and social development.

Academic completion

The above point also applies to tourism, with young travelers leading a vibrant and positive change in the sector, protecting the fortification of the environment and investing in the local or state tourism business. As such, the tourism and travel of the young people in question is one of the most promising paths towards a more sustainable and responsible sector of work. Education is the support point of this sector, which underlines the need for a travel and tourism course. In an era of diverse and unprecedented challenges for the travel industry, these courses represent not only a key market category but also an essential resource for change and innovation.

The future of travel is youth

Being at the forefront of a new era, young people are also influencing the travel industry. They think outside the box, experiment with the new, and push all the boundaries. The travel industry is undergoing strong changes with traditional vertical distribution chains giving way to a more complex value network. It includes a wide range of multiple suppliers from within the domain and beyond a travel sector. Here, a travel and tourism course helps you understand the dynamics of the field. Today, travel is no longer dependent on the infrastructure of the old economy such as hotel beds, travel agent logistics and airline locations. You are entering a networked, flexible and young economy where local culture and society, ICT, work, education and play become fragments of the thread of tourism value. This is where courses become important.

Things to find out

• In such a course, you learn the interrelationships between tourism, travel and other economic sectors.

• You learn about integration that fosters the value network instead of the primitive value chain.

• In this new value network, value is made by actors outside and inside the tourism sector in various combinations to create and exploit new opportunities.

• Courses show you and teach you to be at the forefront of these innovations because new minds are ready to cross any boundaries and make new connections.

• The flow of the topic is that young people are early users and heavy users of the latest technologies, which help them to pioneer the methodology of mobile media and social networking sites related to product purchases and information. travel.

In short

You also learn how to advise a tourist on his / her product contract, shipping to destination, providing food, accommodation, arranging a meeting or event, and things related to travel and transportation companies and groups of operators of the site.

The big crash ahead of Harry C. Dent, Jr. with Rodney Johnson – Book Review

Content content: Harry Dent has been confusing “experts” for twenty years, predicting economic and financial trends and markets largely based on demographics and economic cycles.

This is his fifth book in a series that predicts economic trends. If Harry Dent is right again, everyone should read this book! Dent’s thesis is simple enough: he argues that demographic trends determine economic cycles that could have been predicted over several centuries, and that these cycles move the economy regardless of much else that happens.

This fifth book traces the giant generation of the “baby boom” – 92 million people in the U.S. born between 1946 and 1964 who have had the greatest impact on our economy and society over the past half century. He explains how these big demographic changes change the demand for goods and services as they go through different phases from the school construction explosion in the 1960s to teach them to the strong economies of the 1990s and early 2000s when they were at peak consumption period.

Currently, the “Great Catastrophe” predicts an economic depression in 2008-2018 or longer due to the aging of this demographic group and declining demand for goods and services. Combined with the wrong government and fiscal policies, this cycle created a giant “bubble” for real estate and credit during the first decade of the 21st century. This period from 2001-2007 was seen as a good time with easy lending and easy access to home.

All the bubbles in the economy fix themselves. Dent describes how the correction of this credit and housing bubble combined with the steady cost cuts of the largest group of Americans worked to create the worst financial depression since the 1930s. It intertwines this over-lending to both the government and the private sector, and how it cannot be recovered quickly. Then it inevitably leads to financial market failures and significant price deflation for the next decade. Dent is not limited to the US. He explains how similar bubbles and demographic trends have led to the depression of the Japanese economy over the past 20 years and to similar problems in Europe and China.

Dent bases much of this on an 80-year cycle of boom and fracture, which his research shows has been repeated many times over the past few hundred years. Now 80 years after the Great Depression we are once again in the “winter” of this cycle, which will last ten to fifteen years until a new spring that will lead to a slow recovery in the 2020s.

It’s hard to ignore Dent’s theory. In the late 1980s, he predicted the demise of the Japanese economy when most economists and experts were set on Japan. Similarly in the 1990s, when many predicted hard times for the U.S. economy, Dent predicted the booms of the 1990s and early 2000s. The book traces the failure of power to fix this cycle because it just can’t do it. It addresses the huge private and public debt that needs to be repaid or written off to rebuild the economy. So far, his macro-predictions have been awkward, so ignoring what he says was nonsense. If he is wrong, it will be the first time in three decades of predictions, and if he is right, hard times await us.

At the end of the book Dent gives tips on how we can use this information to protect assets, wisely invest in this “new” world. It teaches how to forget the behaviors we have learned over the last half century and learn to adapt to the new economy.

Of course, Dent has his critics. A quick Google with his name and books shows a series of very critical articles claiming that Dent suggests too much that his analysis, while technically impressive, does not take into account other factors that will affect the economy other than his demographic projections, and some who offers a complex analysis of Elliott waves, assuming dent is wrong.

At the same time, he has some impressive fans. David Bach, John Thomas, Kim and Charles Hitler, as well as a long list of others support his book. I can’t say for sure if Dent is right or the critics are right – but if he’s right, he’s reasoning. Again, although some details of his predictions may not have always been perfectly crafted, one cannot fail to notice or reject the overall accuracy of his predictions to date.

Usefulness: It should be noted that any predictions of future economic trends and behaviors are inherently risk-averse. However, if Dent’s predictions in this book are as accurate as his previous analysis, it will prove very useful for those who are saving for retirement, investing, doing business, or choosing a career.

Readability / quality of writing: Dent writes clearly and well. The book is full of rather complex economic and demographic analysis. Reading a book is not easy, but it is worth understanding it.

Notes on the author: Harry Dent is the author and head of HS Dent’s network of financial advisers. It issues a regular financial bulletin. He is the author of “The Big Boom Ahead,” “The Turbulent Investor of the 2000s,” “The Next Big Bubble,” and “The Great Depression.”

Three great ideas you can use:

1. The economy is driven primarily by demographic trends, which in turn determine economic cycles. External actions, including wars, natural disasters, and government actions, have minimal impact on these trends. Understanding these cycles and trends is critical to future planning and investment protection.

2. In the later part of the first decade of this century, we entered the winter phase of a very large 80-year demographic and economic cycle. Nothing the government does will change that. This winter cycle will lead to major debt restructuring, market adjustments and deflation. The period between 2008-2018 will be similar to 1930-1940.

3. Understanding this mega-trend and its inevitable consequences is essential for smart investment over the next decade in protecting current assets and exploiting the winter economy.

Publication Information: The Big Crash Ahead of Harry S. Dent Jr. with Rodney Johnson Copyright 2011, HS Dent Publishing, published by Free Press, by Simon and Schuster

Venture – Not just for Mavericks Anymore

For many Americans, the idea of ​​starting their own business has been a bit of a weird dream – a dangerous idea that could only happen if all the stars lined up straight. The current economic disaster has changed them all, and entrepreneurship is now not only a good opportunity, but it is also only opportunities for many of us. Here are some things to know about entrepreneurship in the new economy.

Jobs are gone … and they will not return.

This economic catastrophe will only heal in supporting small business. Large-scale government programs and corporations will not create jobs, in fact some of the most lucrative behemoths are still laying off workers, using the economy as an excuse. New businesses have been burdened with job creation for decades … over 80% of new jobs come from companies that are five years old or younger. Starting your own business not only secures your working life and financial future, you will also have a positive impact on your local economy.

Entrepreneurship is your best bet for a better life.

Building a business means securing your future. You can not be fired, you set your own hours, even check your salary. If you want to earn more, you work harder and smarter and grow your business. If you want more free time, you delegate responsibility and get the time you need. Entrepreneurship is the best way, if not the only one, to take control of your working life and financial future. Remember, the boss never fires.

It is not dangerous if you do the work.

Most non-entrepreneurs assume that starting a business means taking a big risk. Experienced entrepreneurs know this is simply not true. Making a successful start is about protecting yourself by doing your homework and developing a solid plan before you start. Know your product, your competition and your market inside and out and you will be ready to make the right decisions for your business in a timely manner.

Recessions are great for beginners.

Many people believe that starting a business now is a bad idea. After all, money is scarce and there are businesses closing their doors across the country. The truth is that this is a great time to start. All those closures have opened the doors of opportunity to almost every industry. Resources are cheap and available – Commercial space rental is more flexible than ever, vendors are desperate to place new customers and quality employees are hungry and willing to work. And starting now, your company will be positioned to explode as the economy begins to recover.

You will never go back.

The vast majority of people who venture out of need are surprised to discover how true the fulfillment of experience is. We know a former advertising executive who is now making documentaries, a former vice president of construction who runs an education company, and a former corporate lawyer who is coming out with two online retail stores. The only thing they have in common? No one can even imagine going back to work for someone else. If you have ever considered going out on your own, now is the time to do it!

The collapse of the Utah economy

Utah has a very diverse, thriving and ever-expanding economy. Gross government product is $ 82.6 billion and is growing steadily. In addition, according to the 2007 New Economy State Index, Utah is the nation’s top state for economic dynamism, meaning: “the degree to which states’ economies are knowledge-based, globalized, entrepreneurial, driven by information technology based on innovation ”.

In the past, Utah’s economy consisted mostly of agricultural industries, including cattle breeding, mining, and natural resources. Although these are still key components of the state’s economy, there are a number of other fast-growing industries including technology and medicine. Salt Lake City has become the hub for several small marketing, technology, design and software companies and is home to the University of Utah Medical Center.

Another major industry is oil refining, especially in eastern Utah. A number of major oil companies own refineries located up and down the Wasatch front. In addition, central Utah is well known for coal mining.

Freight transportation in Utah has become another lucrative industry as Utah provides access to the western United States. Interstate 15 runs north and south through the state, connecting the northern states of the Great Plains (e.g., Idaho, Montana, and Dakota) to the west. In addition, Interstate Route 80 (which runs from the east to the west coast) runs directly through Utah, and the east and west corridors run through Salt Lake City.

And last but probably not least is tourism. Perhaps one of the state’s most lucrative industries, the winter season brings to Utah hordes of tourists wanting to experience “the greatest snow on Earth”. With the intensification of the 2002 Winter Olympics, Utah’s ski resorts (commonly referred to as some of the best in the country and the world) are experiencing the most lucrative seasons. In addition, Utah is home to Zion National Park and other national parks that attract tourists from around the world.

‘Keynes Hayek’ book review by Nicholas Wapshott

Keynes Hayek by Nicholas Wapshott, WW Norton, 2011, 382 pp.

On one of those delicious coincidences that history ever throws up, two of the greatest economists of the twelfth century turned in turn to the roof of Kings College to watch the Nazi planes aiming to bomb the revered ivory towers of Cambridge University . The Nazi bombers never came. However, in 1942, when John Maynard Keynes and Frederick Hayek took their turn as rooftop firefighters, they used those quiet hours to plan the new economic order that everyone hoped would prevail in the postwar world.

Keynes at the time was working for the Chancellor of the Exchequer. A rich man, he received no salary, instead considered his job as the nobles compel. Hayek, too, would like nothing more than to contribute to the war effort. However, as an Austrian, he was not trusted and his many attempts to find a job with the government were thwarted.

So as Keynes plunged into the war effort, Hayek planned another battle, which he called the “war of ideas.” By the 1930s, the Keynesian economy had become orthodox, in which the demands of starting a government were considered the best way to deal with economic downturns. This meant governments pumping money into the economy, suppressing as much as was needed to stimulate the need for goods and services. In the wake of the Great Depression, this medicine was taken by many Western governments and historians who believed that Keynes’s economic ideas would lift the world out of the Depression. Hayek, however, disagreed. During the 1930s, he engaged in leading battles with Keynes, in which he argued that markets, if allowed to emerge free, would choose the tops and corridors of the economy. Moreover, he argued that government intervention had exacerbated and prolonged the Depression.

In the aftermath of the global financial crisis, debates over the role of governments in managing the economy could not have been more important. In Keynes Hayek, Nicholas Wapshott not only reproduces many of the arguments between Hayek and Keynes, but also brings these two men to life. The photo he offers brings some surprises.

Keynes was a complex character, whose intellect took over those he met. Hayek was also intimidated by Keynes. Recalling his first meeting, Hayek explained, “He used to go like a steamer on a young man who opposed him. But if you rose up against him, he respected you for the rest of your life. We stayed, even though we changed in the economy, friends to the end “. Hayek really stood up against Keynes, and they became tough friends. And so, while Hayek regarded Keynes as a mediocre economist, he remained intimidated by his intellect, even expressing admiration for his books for “their noise and independence of thought.” Although Keynes died in 1946, Hayek continued to wage his war of ideas, and by the 1980s, neoliberals who embraced Hayek’s ideas in the open market were on the rise in both London and Washington. Since the beginning of the global financial crisis, the conflict between the ideas of these two great economists has gained new importance.

Wapshott’s book removes the mythologies that have grown up around these two men, promoted by left and right ideologies. We find that Keynes supported the free market and believed that governments should only intervene in exceptional circumstances. He excelled in business, and his investments made him a very wealthy man. Hayek, on the other hand, has never worked outside the academy and was hopeless in managing his financial affairs.

To me, perhaps the most surprising discovery was that Hayek was not against social welfare, and if he were alive today, he might even have supported “Obamacare.” Writing in 1944 at The Road to Slavery, Hayek noted that wealthy nations could afford to provide their citizens with “a comprehensive social security system in insuring those common life risks to which few can make appropriate predictions.”

Wapshott does an excellent job of bringing both men to life. While it takes a bit to show Keynes as a larger figure than life, the author has done an extraordinary job in searching for interesting anecdotes about Hayek, who is a much more dull character. Although the author strives to be equal, Keynes is truly the star of this book.

If the book is to blame, it is the lack of attention to Keynes’s contribution to Bretton Woods, to whom Wapshott devotes half a dozen blank pages. Nor is Hayek’s reaction to the Keynesian model for a new economic order ever mentioned. In light of the spread of globalization, Wapshott’s failure to discuss the last chapter of The Road to Slavery is entitled “Prospects of the International Order”. Inexplicably inexplicable

Wapshott also fails to describe how Hayek helped create a generation of ideological fighters who supported the free market economy and overthrew Keynesian orthodoxy. While Wapshott cites the Mont Pelerin Society, he neglects to give an account of Hayek’s influence on Antony Fisher, who created a model for a neoliberal think-tank that was replicated in the US, the UK and other Western countries and that should be credited with inspiring the free market policies of Ronald Reagan and Margaret Thatcher.

At the end of the book we see that Hayek lived in the ivory tower of theories, which made his ideas not fit well with the world of practical politics. While living to see the neoliberal revolutions Thatcher and Reagan, he never took credit for them. Very purist, he thought his ideas were never taken seriously. Keynes, on the other hand, was the ultimate pragmatist. When asked about his lack of consistency, Keynes replied, “When the facts change, I change my mind. What do you do, sir?” Now that we live in an insecure world where circumstances are constantly evolving, I think I would rather have a dose of Keynesian pragmatism than one of Hayek’s purist economic recipes.

The new book gives a tough truth about the U.S. economy and how to protect your money

I have to admit I am an optimist. I’ve heard people cry about how the economy is going, and behind that are the better days of the United States. I don’t want to believe it, but after reading Vanek Stein’s “Swiss Perspective,” I realized that it’s really better to be safe than sorry.

Stein very realistically assesses the current state of the US economy and the world economy. He does not utter prophecies of doom and gloom, but after telling the truth about the appalling and almost unbelievable levels of current U.S. debt and about what happened in other countries like Argentina that found themselves in this situation, only a fool will not understand that the situation is difficult.

Instead of panicking, Stein offers investors a solution on an individual level to protect their hard-earned savings from a falling economy. We’ve all heard of Swiss bank accounts, but most of us probably don’t understand their benefits. Stein not only teaches us why we should protect our money in Switzerland, but he discusses how one can get around the technical points and stay in line with the U.S. tax system when deciding to protect your money abroad.

Although some people may feel unpatriotic about investing in Switzerland, but Stein wisely warns, “Never fall in love with something that may not love you. It includes a home, a briefcase … and even a country.” Unfortunately, I’m afraid he absolutely right.

I will not go into more detail about the process advocated by Stein, but I will say that it is much simpler than you might think, and Stein has carefully studied the situation and takes into account the best interests of the investor. Stein is a longtime financial adviser who joined his father’s insurance business in Idaho at a young age, served in the U.S. Army, and then spent years in Europe selling hedge funds and contacting investment professionals. Today he is the founder and CEO. Delphi Planning, Inc., is a financial planning organization in Boise, Idaho that serves business and individual clients throughout the United States and Europe.

Let’s hope the situation Stein warns us about never happens, but it’s always better to play it safe. I encourage people to read the “Swiss Perspective” and make a decision on their own. After all, what do you have to lose other than your hard earned money?

Chronicles of Madness – Episode 24

In our 24th episode of The Chronicles of Madness, we will take a look at madness in the constant alarm of climate change. Remember that insanity is a state of being mentally ill, especially very serious, extremely stupid behavior and a state of frantic or chaotic activity. Let’s take a look at the clutter and awakening of climate madness.

In a recent conversation Ted, disaster recovery lawyer (seriously, do you know we had such a thing?) Colette Pichon Battle told participants that scientists predict climate change will displace more than 180 million people by in 2100. She says the “climate migration” world is not ready. She called on everyone to radically restructure the economic and social systems by pushing them all. Others believe it is a matter of human rights.

Pope Francis recently called for a ‘new economy.’ An economy that is sustainable and supports the planet. He made the remarks in a recent speech to the Vatican diplomatic corps. The Pope sharply criticized the response of world governments to the catastrophic effects of climate change, calling their efforts “very weak” and “a source of grave concern”. “. Am I alone, or what ‘catastrophic’ effects have we seen?

Mary Daly, the Fed President of San Francisco, recently said that climate change is critical to a bank’s mission. The Fed, the ECB, the Bank of England and the Bank of Japan have now embraced climate change as part of their mission. Governor of the Bank of Japan. Haruhiko Kuroda warned, ““The challenges posed by a series of recent natural disasters and the potential impact of the economy by the slowdown in overseas growth need to be better addressed by the government with fiscal and structural policies.” Did these bankers conclude that loans would have to be linked to preparing a borrower for climate change? Remember, he, with all the money, makes all the rules.

A group affiliated with George Soros has joined forces with mainstream media to ensure the silence of climate skeptics on YouTube. The group, named Avaaz, is a left-leaning nonprofit group. They published a report on its website claiming that YouTube is “profiting by transmitting misinformation” to millions of people by giving climate denial videos much importance. They are leading other groups in a coalition to make YouTube block the voices of climate skeptics. Free word?

Starbucks, the self-appointed poster boy for the Left, is urging customers to change their way. To think about, by 2030, the coffee chain aims to reduce by 50% the amount of water it uses, the carbon it emits and the fertilizer it sends to landfills. Environmental consultants employed by Starbucks warned customers that the best thing they could do to reduce the company’s harmful impact on the planet would be to buy cheaper drinks and give up milk.

Instead of buying fancy frappucinos and indulgent espresso-based cakes, customers would do better to buy plain black straight espresso. For you people who should have frappucino, Starbucks says you should consider skipping the whipped cream. Adding whipped cream to millions of drinks releases 50 times more greenhouse gas than the company’s private jet. You really can not do these things. Wall Street was not impressed, but maybe everyone who is online for their frap will be?

For all the hysteria of the China virus we are bombarded with today, they may not need climate change to bring us all submission, but who knows? We can wake up from this madness before it is too late. I wish you good health, and until next time, have fun, enjoy life and watch out for the madness between us. It is getting out of control.

How to survive in business in slow times

The new economy is a phrase that has been used quite often lately. What does this mean and how does it relate to you and your business?

Many understand that economic belts are tightened for virtually all businesses, and for almost everyone who owns one of these companies or works for one of them. They understand that the new economy does not have a definite point that defines it and sets it apart from the old economy. I see a difference with the new economy in that companies and individuals are more cautious about shopping. Companies and individuals who buy goods or services no longer work. More thought goes to making every purchase decision. There is a heightened interest in seeing the return on investment. This is something that should never leave the mind of anyone involved in business. The price ratio paid is now more important to many than it was a few years ago. However, this does not mean that all people are looking for the cheapest service or product.

Businesses are run by people and people want good prices, they also don’t want to buy garbage and get bad service. They want a balance between them. People understand and expect to pay more for better quality and service. If you are in a fairly common business and whose buyers and customers have several choices to whom to give their business, you will need to nominate your company.

If your business is like everyone else, then your service or product is a commodity and the business will go at the lowest price. Leaders at low prices do not last long.

In difficult times, smart business owners are not worth the value of their products and services. This will make your profit and complicate the preservation of the business. Smart businesses will work to enhance the unique qualities offered by their company and services. Perhaps customers are offered the best guarantee to help stand out from the competition. Having flexible working hours to better meet customer needs is another way to stand out. Flexible planning allows people to easily work with you without conflicts with their own occupation or schedule.

What your business is struggling with now is likely to pass. What you need to do to make sure your business comes at the best of times is to differentiate yourself while maintaining profitability.

Shift Markets Fast

Relationship economics creates shifts. There are many “shifts” that occur around us, some large and some small, as well as those under the currents of shifts that take place. Many, if not all, of the shifts are being perpetuated by technological advances, both in the technology itself and by users’ adaptation to it.

Shifts are disrupting all industries and have the potential to accelerate further change in personal as well as professional environments. These shifts are of a global nature, technology is a global force that is not isolated in any country or region.

Change is forcing a different view of strategy, one that requires alternative thinking to past paradigms of change.

The big one will have a different kind of grandeur and the small one will become the central node of height. The new economy will shift to the middle space where adaptation and innovation are faster than too big and too small.

Change occurs when multiple factors come together and create a new or dynamic system that serves customers better than the previous system. Systemic shifts can occur gradually or all of a sudden when the driving factors come together, the shift occurs.

Shifts are taking place in the following categories of market-centric social networks and users:

Advertising are looking for new methods and models to reach target audiences.

Marketing: Brands are looking for and adopting new marketing channels.

Technology: Technological improvements are accelerating faster than the average user can sustain.

Communications: New media and an increase in communications.
Industry specific initiatives: Many brands and entire industries are turning to social media networks to improve customer loyalty and brand awareness.

Media: Many media companies are only recognizing the impact of social media on traditional media methods.

Financiar: New methods and models are being developed to create economies of personal brand, services and products offered.

Telecommunications: Mobile social networking applications are spreading the deck of mobile devices globally.

Your world: As more adults are jumping in and learning the value attributes of social media, the learning curve is steep.

You: You are directly and indirectly influenced by these dynamics.

All of these dynamics collectively point to the potential for significant disruption for those who are unprepared or unaware. The impact of these dynamics will create strategic shifts for all business models and tools. Old strategies are no longer important, new strategies are dynamic and appear moment by moment. However there is a macro landscape of strategic issues that provide the basis for thinking, or rethinking business and personal progress. Great will have a different kind of liveliness.

Relationship Economics encourages middle space. It provides technology to feed medium miracles. Being able to capture these dynamics is critical to effective strategic thinking. These dynamics are shifting every week and in the past the dynamics of business change occurred two or three times a year at most. Dynamics permeates all dimensions of life as we know it and new dimensions and a new reality is being formed before our eyes.

What do you say

The economy does not lie

The title of this article is not mine, but a translation of the book, invented and written by Guy Sorman.

Great title.

Perhaps for the title it is one of those books I would like to read, a lot on the to-do list …

Guy Sorman writes about economic progress and stresses the importance of making the right decisions in economic policy. Or economic policy.

… Sorman explains why there is “only one right economy: one that works.” (1) the one that worked took us into a crisis recently, but others didn’t work either:

The socialist economy has sunk because “under socialism the state pretends to pay the workers, and the workers pretend to work.”

It analyzes which economies operate and which do not or only “sometimes” and does so by examining the economies of different countries.

There are different types of economic policy, and one of them is intervention: “there is something worse than avoiding reality; public intervention at the wrong time can sink the economy into depression” The cause of error is well known: “during a crisis, magical thinking seems to re-emerge and erase rationality; “.

This is just information on the back of the book.

And yet I would like to read this book, although I wonder if the main statement of the book – working economies – corresponds to the modern understanding of this post-crisis period. I would like to know how the financial markets – which are always right – fit into this picture. And if economies don’t lie, who?

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