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It?s a good tip to remember that travel insurance must be purchased before the storm is named.
Here?s the question:
Hey guys. You probably read over the weekend that our cruise ship was diverted to another port because of a tropical storm. We did not have travel insurance or purchase our air through the cruise line and regretting it. If we had purchased travel insurance, would the cost to cover airport changes have been covered? Tiffany Deering in Plano, Texas
CEO of Trip Insurance, Dan Skilken, replied:
A cruise ship is considered a common carrier by travel insurance companies. ?If a common carrier has a delay or in ability to arrive in a port because of weather, this would be considered a travel delay or missed connection depending on the amount of time involved. ?Normally a cruise ship would set up buses to get passengers from the airport to a new port, but if their plane does not arrive in time to catch the cruise ship arrangements, then travel insurance could cover the cost of a rental car or plane tickets to get them to the new port of call.
Video:
Subscribe to our Cruise News Updates.
Source: http://cruiseradio.net/question-answered-travel-insurance-and-hurricanes/
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* Traders cite doubts over fresh Fed quantitative easing
steps
* Mining stocks dominate FTSE 100 leaderboard
* FTSE 100 ends 4-day losing streak
LONDON, Aug 31 (Reuters) - Britain's benchmark share index
rose on Friday as traders bought mining stocks which had fallen
sharply in previous sessions, although worries that central
banks may inch away from launching new stimulus for the economy
favoured more defensive equity sectors.
The blue-chip FTSE 100 index was up by 0.7 percent,
or 39 points, at 5,758.45 points, ending a four-day losing
streak that had seen the index fall by around 6 percent.
Mining stocks dominated the leaderboard, with Glencore
and Kazakhmys rising by 2.9 and 3.1 percent
respectively.
Shares in Glencore's planned merger partner Xstrata
also rose 2 percent, after both stocks had fallen 3 and 2.5
percent respectively on Thursday on the back of objections from
some investors to the terms of their merger deal.
Investors picked up mining stocks in case a speech by U.S.
Federal Reserve head Ben Bernanke on Friday gives out more
signals of measures to help the economy, such as quantitative
easing, which would boost economically-sensitive shares such as
the miners.
"People are bottom fishing around the miners. They are
high-beta stocks, which means that if the market goes higher,
they will go higher first," said JN Financial senior trader
Adrian Redmond.
However, Redmond said he did not expect any fresh monetary
steps to stimulate growth in the immediate future, from either
the Fed or the European Central Bank (ECB), which has a series
of meetings in September to deal with the euro zone debt crisis.
TOO EARLY TO BUY CYCLICAL STOCKS
Brown Shipley fund manager John Smith also said he did not
expect an immediate launch of new action to fight the global
economic slowdown, leading him to favour more "defensive" equity
sectors such as healthcare or food companies.
Smith favoured stocks such as drinks group Diageo,
healthcare company GlaxoSmithKline, consumer goods group
Unilever and utility National Grid over the
miners at present.
"We are of the opinion that there will be some more QE
(quantitative easing) but we don't see it in the short term.
We've sat on the sidelines. It's a little bit too early to be
aggressively buying cyclical stocks such as the miners," he
said.
Slightly stronger than expected U.S. economic data over the
past two weeks has helped cool expectations of fresh
quantitative easing by the Fed in the near term.
Around 44 percent of investors in a Reuters poll published
on Thursday expected the central bank to embark on a third round
of bond purchases by end-2012, down from 70 percent in a similar
poll last month.
The FTSE 100 could move around 1.5 percent in either
direction depending on how Bernanke's speech pans out, added
James A. Hyerczyk, an analyst at Autochartist.
(additional reporting by Francesco Canepa; editing by Patrick
Graham)
Source: http://news.yahoo.com/mining-shares-lift-britains-ftse-stock-market-111006254--business.html
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* TORNADO WARNING FOR...
NORTHEASTERN GREENE COUNTY IN SOUTHEAST MISSISSIPPI...
SOUTHEASTERN WAYNE COUNTY IN SOUTHEAST MISSISSIPPI...
NORTHWESTERN WASHINGTON COUNTY IN SOUTHWEST ALABAMA...
* UNTIL 500 AM CDT
* AT 426 AM CDT...A SEVERE THUNDERSTORM CAPABLE OF PRODUCING A
TORNADO WAS LOCATED 11 MILES SOUTHWEST OF CHATOM...OR 2 MILES NORTH
OF FRUITDALE...MOVING NORTH AT 50 MPH.
* LOCATIONS IMPACTED INCLUDE...
WAYNESBORO... STATE LINE... BUCKATUNNA...
FRUITDALE...
PRECAUTIONARY/PREPAREDNESS ACTIONS...
A TORNADO WATCH REMAINS IN EFFECT UNTIL 800 AM CDT THURSDAY MORNING
FOR SOUTHWEST ALABAMA AND SOUTHEAST MISSISSIPPI.
&&
LAT...LON 3168 8871 3169 8840 3132 8831 3130 8846
TIME...MOT...LOC 0931Z 164DEG 45KT 3144 8843
$$
WWWW
Watch WSFA 12 News for more information...
Source: http://montgomery.raycomweather.com/2012/08/tornado-warning-12.html
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When I first read the novel, I was struck by the beautifully constructed character of Judith Biely. ?And when I completed the novel ?which pretty much ends with her heading towards the docks to board the ship that will take her to Spain? ? I couldn?t stop trying to imagine the rest of her story.
Last Spring, I was invited to present something at a retirement tribute for my great friend and mentor, Sylvia Molloy, who is both a first-rate literary critic and a wonderful writer of fiction. ?Among her many accomplishments at NYU was the establishment of an MFA program in Creative Writing in Spanish, one of the first of its kind in the US. ?I decided that to pay homage to Sylvia, I would go out on a limb and try writing a piece of fiction, one that would flesh out the biography of Mu?oz Molina?s character. ?Here?s what came out.
Caveat: ?The whole thing is fiction, sort of.
*****
Recently, while working with a box of unprocessed documents in the Fredericka Martin papers of the Abraham Lincoln Brigade Archives here at Bobst Library, I came across an unlabelled folder with a curious document. ?It is typescript, with clippings of other typescripts stapled on to it. Neither the folder nor the document appears in the Tamiment inventory.
**
September 12, 2004
It was a few weeks ago that Judith Biely?s nephew contacted me out of the blue of cyberspace.
[stapled to the typescript, a strip of paper from a printed e-mail:]
?I don?t know if you are the Arlene Paterson who took Spanish classes with my Aunt Judith Biely at Smith in the forties.? If you are, please respond.? If not, please forgive the intrusion.?
Within minutes of responding in the affirmative, I received a second message:
[another strip, stapled to typescript]
?Aunt Judith has been struggling with severe emphysema for the last ten years, and for the last three years, since she?s been living with me, she?s had a worsening case of dementia.? Her breathing recently took a turn for the worse, and when the doctors assured me that she wouldn?t survive more than a few days, I had her transferred to hospice care in the Bronx.? She?s actually rallied since she got here, and has been resting comfortably, in and out of consciousness.? Yesterday she began blurting out random names. ??By looking at some old yearbooks she has in my apartment I figured out that some of the names were of former students, you among them.?
Before agreeing to meet in the cafeteria of Calvary the next day, we exchanged a few more messages.? He told me how those ?few days? predicted by the doctors had turned into several weeks of hospice care, and how Judith was one tough bird.? I was taken aback by one exchange in particular; when I offhandedly quipped that Judith must have learned how to survive in Spain, the great nephew corrected me:? ?You must mean Mexico.? She?s never been to Spain.?
***
That night I couldn?t get to sleep as I reminisced about my years as a Spanish major at Smith, and the courses I had taken with Professor Biely both in Northampton and in Cuernavaca, Mexico.? It was during the semester in Cuernavaca that I learned from Lini?s daughter the story I wasn?t supposed to know and promised never to tell.
That the love of Judith?s life had been a married Spaniard she had met while conducting thesis research in Madrid.? That, some years after the affair, when the Spanish Civil War broke out, and she had begun her career at Smith, he had fled ?without his family? from Spain to the US, and she had taken a leave of absence to go to Spain to work as a translator and factotum alongside the nurses and doctors in the US Medical Bureau to Aid Spanish Democracy.? That the loquacious and impulsive woman who had left the States for Spain had come back circumspect and subdued; that upon returning to her position at Smith, she lived for a year with students in the Washburn House, which served as the Spanish-speaking house on campus when the war in Spain forced the cancellation of Smith?s program in Madrid; that a few years later, with the help of Lini and Fredericka and other American expats with whom she had worked in Spain, she set up the new Smith program in Cuernavaca, for which we had been the guinea pigs.
I blushed in embarrassment again, sixty years after the fact, remembering that day when, back in Northampton after my semester in Cuernavaca, and while waiting for Professor Biely to show up to class ??Poes?a hispanoamericana moderna?, she had walked in on me while I was gossiping with my classmates, with my back to the door, about what I had learned in Cuernavaca:? ?No estamos supuestas a saber? I had just said, when I realized, from the looks on the faces of my classmates that she had just walked into the room:? ??qu? es lo que se supone que no sab?is, Se?orita Paterson?? Without waiting for a response, she placed a stack of books on the seminar table and recited the first part of a line from the poem we were supposed to memorize for that day:? ??Ay del que pide eurekas al placer o al dolor!? to which the other girls, ever eager to please, and in a credo-like chorus responded ?Dos dioses hay, y son Ignorancia y Olvido.?
**
When I arrived the next day at noon to the Calvary Palliative Care Center, Aaron, Judith?s nephew, was already in the cafeteria, eating an egg-salad sandwich and scribbling notes on a legal pad. His blackberry sat and buzzed on the formica table next to the plastic salt and pepper shakers.? I introduced myself and immediately lied to him for the first time that day, saying I had already eaten ?I never could manage to eat anything in a hospital, palliative or otherwise.?? An affable and remarkably earnest man, about 55 years old, he thanked me for coming, pointed to the legal pad and said that he was struggling to write an obituary of his aunt.? He told me that he was her only living relative; the only and unmarried son of Judith?s younger sister, who had passed some years before.? Senior Partner at a big corporate firm specializing in intellectual property cases.? He explained that when several years ago, Aunt Judith?s friends in Mexico contacted him saying that they could no longer take care of her, he had brought her to live with him in New York and hired a live-in caretaker, a young woman from Trinidad.? Lucinda soon realized ?Aaron told me? that even though Judith?s mind seemed to be completely shot, she was a whiz at crossword puzzles, and would blurt out correct answers almost before Lucinda would finish reading the clues.? ?Pretty much all I?ve ever heard her say are these responses to crossword clues. Add to that the fact that my mother hardly ever talked about her sister, other than to say that she was strange, impulsive, and ?had taken her fancy Columbia PhD and run off to Mexico for no good reason???at this point he gestured toward the legal pad and took a stealthy look at his blackberry, before concluding??and you?ll understand why I don?t have much to go on for this obituary.? It?s a shame too because I have a friend at the Times? I had my secretary google her and it turns out she even wrote a book about some South American poet, but unfortunately it?s in Spanish??
It was at that point that I decided I didn?t have the mind or the heart or the stomach to help Aaron with his premature obituary; there was just too much he didn?t know and probably wouldn?t understand or believe or want to know; Not just Spain, ?but the bitter tenure case that dragged on through my junior and senior years, Judith?s real reasons for seeking exile in Mexico from Joe Macarthy?s America.? I just told him that I remembered her as a very good professor, serious and genuinely concerned about her students.? I recalled that to us students she seemed to have a prodigious memory, especially for poetry.? And that when I went on the study-abroad program she led in Cuernavaca, I was surprised at how many people she knew there. ?Finally, I apologized for not having any other helpful information, and praised him for taking such good care of his aunt.? He asked me if I would like to visit Judith in her room; looking at my watch, I declined, inventing an appointment on the other end of the Bronx. As we said goodbye, he mentioned that he was leaving that afternoon to meet with clients in Palo Alto, but would be back in a few days, and would keep me posted.
**
Those were the last words of this impossible obituary of Judith Biely in that folder at ALBA.? I have my reasons to suspect that the whole text is apocryphal: that name ??Judith Biely?? doesn?t appear on any of the lists of medical personnel in Spain, or in any library catalog as the author of a book on a South American poet.? This is not the first time I?ve alerted the archivists to the existence of suspicious documents in the collection, a tendency I attribute to the establishment of that creative writing program in the Department of Spanish and Portuguese.? I think the archivists just humor me, as each time they say that they will place a note in the folder and look into it.
Source: http://www.albavolunteer.org/2012/08/an-apocryphal-obituary-of-a-fictional-character/
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JACKSON HOLE, Wyo. (AP) ? Every August, the world's financial markets shift their attention from the centers of global commerce ? New York, London, Tokyo ? to a mountain valley in northwest Wyoming. On Friday, they will hear a speech by Federal Reserve Chairman Ben Bernanke.
So how did Jackson Hole, Wyo., come to wield such outsize importance in global economic affairs?
In a word, trout.
For four years starting in 1978, the Federal Reserve Bank of Kansas City hosted an annual conference at different sites and different times of year. The event drew little attention outside the insular world of economic analysts.
Inspired by a conference the Boston Fed held near a picturesque New Hampshire site where the tearjerker "On Golden Pond" was filmed, the Kansas City Fed held its 1981 conference in scenic Vail, Colo.
Still no luck. The Vail meeting drew the conference's smallest crowd ever.
Officials at the bank pondered how to draw bigger names and more attention to the yearly confab. That's when they set their sights on Paul Volcker, then chairman of the Federal Reserve in Washington.
They decided to pursue Volcker by dangling the prospect of one of his favorite pastimes: fly-fishing. They needed to find a sure-fire trout-catching spot somewhere in the Kansas City Fed district, which covers Colorado, Kansas, Nebraska, Oklahoma and Wyoming, as well as northern New Mexico and western Missouri.
They considered somewhere in Colorado. But a fly-fishing expert said Colorado's waters were too warm for trout in August. Go farther north, he said. Go to Jackson Hole.
"I'd never heard of it," confessed Tom Davis, then the Kansas City Fed's research director and point man on the project, according to the bank's official history of the event.
The shift was made. And what's been known since 1982 as the Jackson Hole Economic Symposium took its place in economic lore.
Jackson Hole isn't even a town. It's a valley. The biggest town, Jackson (population 9,710), lies at the southern end of Jackson Hole. Arches made of elk antlers mark the entrance to the town square. The Fed conference itself occurs farther north, in a lodge in Grand Teton National Park, about 50 miles south of Yellowstone National Park.
The event now draws 140 people every year, including some of the biggest names in economic and finance. They come to enjoy breathtaking views of the Grand Teton mountain range and Jackson Lake, to hike and fish and to engage in intellectual combat in the halls of the Jackson Lake Lodge.
"Jackson Hole provides a nice opportunity for central bankers to let down their hair a bit ? only figuratively speaking, of course ? and mingle with other members of their tribe and a few academics in an informal setting," says Eswar Prasad, a Cornell University professor who will speak on a Jackson Hole panel this year.
One annual tradition is the Friday night barbecue. There, some of the world's most high-powered economists don cowboy hats, string ties and other Western gear and sometimes join in a line dance.
At each year's Jackson Hole conference, the Fed chairman is a focal point. The head of the European Central Bank normally is, too. (This year is an exception. The current ECB chief, Mario Draghi, who is fighting Europe's debt crisis, canceled plans to attend.)
In the final days of the Soviet Union in 1990, central bankers and economists from the former Eastern bloc came to Jackson Hole to learn how to manage post-Communist economies.
Not everything went well. The Soviet delegation had mistakenly checked the weather for steamy Jackson, Miss. The Soviet officials "almost froze" in Jackson Hole's brisk mountain air, recalled Roger Guffey, then Kansas City Fed president, according to the bank's history.
The proceedings can become contentious. At the first Jackson Hole conference, in fact, Volcker himself came under fire for his drive to shrink inflation by pushing up interest rates into double digits and allowing the U.S. economy to sink deep into recession.
A University of Chicago economist named Raghuram Rajan ruined the mood in 2005 at what was shaping up as a fawning farewell to the outgoing Fed chairman, Alan Greenspan. Rajan warned that the financial system had absorbed dangerous risks under Greenspan's watch.
Participants turned against Rajan. Former Treasury Secretary Lawrence Summers assailed him, calling his premise "misguided." Three years later, the world learned to its horror, as a meltdown of subprime mortgages started causing big banks to topple, that Rajan had been correct after all.
Investors started focusing especially intensely on Jackson Hole after Bernanke used his remarks there in 2010 to lay out the Fed's policy options. Among the options he mentioned was a second round of bond purchases, to pump cash into the financial system and juice the U.S. economy.
The speech ? and growing evidence that the economy needed help ? ignited a 28-percent stock market rally over the next eight months. (The Fed actually began the purchases ? a policy known as quantitative easing, or QE2 ? in November 2010.)
On Friday morning, attention will again be riveted on Bernanke's annual speech. Never mind that most analysts don't expect him to offer significant new guidance about what the Fed might do next. Many think Bernanke wants more time to survey the economic landscape.
For one thing, the speech comes just a week before Bernanke will get to review the government's report on August unemployment and two weeks before he'll meet with the rest of the Fed's policy committee.
His speech might not please some investors who continue to hold out hope that Bernanke will signal that further help from the Fed is on the way.
Jackson Hole is used to hype, though. Even before it became where the Fed spent its late summers, it inspired tall tales. In 1895, a front-page report in The New York Times wrongly reported that the community's entire population had been wiped out in an American Indian attack.
Later came reports of a 10-foot eagle ?dubbed "Big Teton" ? that carried off two antelopes in its talons.
Alas, the bird has not been spotted since.
Source: http://news.yahoo.com/why-world-markets-focus-tiny-jackson-hole-wyo-171959004--finance.html
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