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The Financial Crisis and the Independent Travel Industry
On the 12th September 2008 XL Leisure Group went into administration. Following this, Peter Long the Chief Executive of TUI appeared on television and advised holiday makers to book with one of the large operators to avoid this risk. I feel that this is a huge generalization and given that XL Leisure Group was the 3rd largest operator it actually doesn’t make any sense.
President Bush on the Financial CrisisIs he crazy? President Bush’s comments tonight on the financial crisis failed to mention that in his quest for money to fund the wars in Iraq and Afghanistan, the Fed raised the interest rate killing the appreciation of individual’s homes, as well as strangling those families who bought homes with adjustable rate mortgages (ARM).
