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November 6, 2001
Trading Association's 23rd Holiday Event A Huge Hit...
According to founder Michael Mercier of the Metro Trading Association (MTA), this year's event, (which has been staged annually for the past twenty-three years around the holidays) was an enormous success for several reasons.
"First," he exclaimed, "we were up over 20% in business. But just as important was the spirit of the members who embraced this year's new attitude, which was building the economy one trade at a time."
Mercier Has Members Take Pledge
MTA's staff worked on a patriotic theme which included a 40 foot skyline of New York and a 15 foot American flag proudly displayed in front of the skyline. Mercier also said he led the attendees in taking a pledge (and also passed out buttons) that declared, "I refuse to participate in the recession."
of many entrepreneurial trade exchange owners, Mercier said the
events of September 11th reinforced his beliefs in the free enterprise
Herculean Efforts & More Costs Faced In Push To Identify Foreigners Who Overstay Visas
Some 350 million non-citizen visits each year provide a huge challenge to the United States. The sheer size of any resulting database is mind-boggling, as entry-exit database would grow by 700 million records annually.
To prevent fraud, border officials might need to capture facial biometrics or fingerprints--types of data that would eat up even more computer space--and collecting it would add to the waits at border-crossing stations.
The additional costs will mean more taxes or financing by the government,
which in either case affects everyone.
Dwindling Tourism In Caribbean Forces Creativity!
The Caribbean Tourism Organization follows the $20 billion-a-year tourism industry, and they're very worried about their region because they are more dependent on tourism than any other place in the world.
(The bulk of Caribbean countries count on tourism to generate upward of 25% of gross domestic product. While a few, such as the Bahamas and Antigua and Barbuda, get around 50% of their income from visitor spending.)
Recently I had conversation with IRTA member and barter veteran Peter Tucker of CTEX, he says the travel business drop-off is staggering, up to 80% in some Caribbean regions.
On October 12, the heads of the 14-nation Caribbean Community agreed to join the private sector in underwriting an $18 million emergency advertising campaign aimed at the U.S., the United Kingdom and Canada. The ministers also are planning a "tourism summit" in December.
tourism officials and hoteliers from the English-speaking West Indies
nation are offering free one-week vacations to the men and women
who responded to the suicide hijacker attacks on the World Trade
Center and the Pentagon.
Here And There. . .
We welcome your comments, questions, and observations.
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