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EXECUTIVE POLL

Bernard Madoff, convicted of running an $65 billion Ponzi scheme, was sentenced to 150 years in jail. What’s your take on his punishment?

Too heavy. There’s no point having him die in jail.
About right.
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Not sure
 
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The Kiplinger Washington Editors
July 2, 2009
 

Overhauling
Financial Regs

By year-end or so, Congress will give the nod to a major rewriting of the nation's financial regulatory system. This week’s Kiplinger Letter explores whether the package will do more harm than good and what lawmakers are likely to include.
 
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I just attended a franchise seminar. The speaker represents a few hundred franchises that (he says) are hand picked. He has the prospect (aka victim?) answer some questions about themselves then he makes recomendations - based on your personality, capital situation, etc.. If you pick a franchise, then he does some due dilligence for you. If you both decide it's a good idea, he helps you get started. He says he offers this service free of charge, which means he gets a commission if he's able to sell you a franchise. Has anyone done this? Successfully? Unsuccessfully?
-- fender
 

World Travelers Giving U.S. a Pass

With business and pleasure travelers alike spurning America as a destination, has the time come for Uncle Sam to advertise?
 
 

World travel is growing, but a smaller share of globe-trotters are coming to the U.S. That number has been declining since 1992, when 9.8% of 480 million world travelers came to this country. Last year, international travelers totaled 842 million, while the U.S. share fell to 6%. "The pie is getting bigger, but the U.S. slice is getting smaller, and that is worrisome," says Roger Dow, president of the Travel Industry Association, an industry trade group. The trend is particularly alarming because a weak dollar should be helping U.S. tourism.

The picture is even more disturbing economically. That's because an increasing share of visitors to the U.S. are from Mexico and Canada, and they don't stay as long or spend as much as visitors from Europe and Asia. While Canadians and Mexicans spend about $400 per person while on travel in the States, other overseas visitors spend about $1500 per person on average. Visits from the two neighboring countries jumped 17% between 2000 and 2006.

One possible explanation for the drop: The U.S. government doesn't advertise. Other nations promote their attractions overseas, but the U.S. doesn't, despite repeated attempts to get money in the budget for it. A partnership between the Commerce Department and the Travel Industry Association is creating a Web site, targeted to the top five countries producing visitors to the U.S. It's aimed at increasing visitation by Mexico, Canada, Germany, Japan and the United Kingdom.

At the same time, the Bush administration and Congress are working to make the U.S. more welcoming. Legislation likely to pass this year will allow visitors from more countries to come to the U.S. without a visa. Efforts are also under way to take some of the hassle out of the visa application and arrival processes by adding more customs and border protection officers.

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