Global hospitality industry is VERY highly geared. There are cases in the states of 100% debt financing. more typical is 90% for construction and then again the same for the managment activities. this is putting many properties into very precarious situations if/when interest rates increase.

i did a 'talk' in Second Life yesterday. it was really cool. fun. strange. connective. communicative. all of the right things that make an experience 'real'. we are going to work on how to do workshops in-world. this will be fun!