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In the end, 2020 saw a 76% decline in visitors and an 80% drop.

"A lot of our multi-country trips including England used to fly round-trip to London, and now we're looking to see if from a traveler's perspective that will be the most convenient."

DaSilva said that potential Brexit complications were on the radar of travelers' concerns last year, but, with a no-deal averted and the pandemic taking center stage, it's no longer an issue for her guests. In fact, three of the top five most searched trips on their website involve Great Britain.

"Early on in the pandemic, people were searching for places that had more open green spaces, like New Zealand and Ireland," she says. "But as news of the vaccine came out and people became more confident about trips for this year, England popped back up to the top."

And there's one big bonus for those traveling to the UK this year --- the tanking pound.

The UK made a great play that it was an international and welcoming destination over the 2012 Olympics, but that message was withdrawn with Brexit. The posturing of the government -- especially the threat to put gunboats in the Channel -- didn't play well with a lot of origin markets," he says.

"There may be differences with the import of goods and transmission of services that means London isn't as prosperous as it was."

"Suddenly, using the UK as gateway to Europe becomes enormously less attractive. Travelers will have to think about whether it's sensible to come to the UK as part of a European destination. They may wish to look at the UK as a single destination, but that isn't nearly as attractive as the UK being part of a European vacation."

"The UK won't be ignored, but it's unlikely to recover as strongly as Europe.

About 20% of the Intercontinental's staff left the UK before Brexit, says Ouseph; but while in normal times that would be a crisis, he thinks that Covid-induced job losses will mean hotels can fill these positions for now -- at least, the customer-facing ones. Instead, it's the less visible, but crucial roles, where they'll struggle.

Not everyone thinks Brexit will make a big difference to the inbound UK travel industry.

Maine -- who hasn't run tours since October -- says that he thinks the vaccine "will get us out of it -- it's a matter of when, not if." And he predicts that "when" could be as early as Easter.

"Rolling out the vaccine is the acid test of being a coherent holiday destination, and the UK looks like it's doing a reasonably good job in comparison to everyone else."

Our brains rarely absorb ideas and facts in one instance: they have to be repeatedly hammered to stick.

we are usually terrible at remembering numbers and facts.

we are much more likely to remember stories that invoke emotion or a personal connection.

one with an anecdote of an immigrant doing something terrible, versus an article on the positive economic impact of immigration, more people will remember the story than the economics. We also like stories that fit well with us and we cling to them.

"The most coherent stories are not necessarily the most probable, but they are plausible."

when people are accused of not knowing facts, they become defensive and look for ways to justify their views.

we forget that attitudes towards immigration have already shifted vastly from previous decades.

The change happened not by pushing facts but through human contact with those people. That is far more powerful than any appeal to facts or reason.

While education used to revolve around learning Latin, Greek, and philosophy (even today, literacy rates are high at approximately 99%), the education system today is well-rounded.

The government invests heavily in education, approximately 8% of its budget, and education is free for students until they turn 15 or 16 years old.

The public system is divided into six years of primary school, three years of secondary school, and then three years of either academic or vocational school.

allows students time each day to take a course of their choice that isn't included in their regular curriculum

. Students in South Korea take education seriously: many also are involved in supplemental tutoring and after-school programs called "hagwons."

The link between countries with outstanding educational systems and strong financial service sectors is becoming increasingly prominent, and the speed with which nations recovered from the effects of the global recession also showcased extraordinary robustnes

It is interesting to note that each nation is extremely federated, flexible, and far removed from the centralized model favored historically by developed nations.

A leftist activist in France was convicted and fined for insulting former French President Nicolas Sarkozy by holding a sign that said “get lost, jerk”; ironically, those were the exact words Sarkozy himself uttered when a citizen refused to shake his hand at a public fair (the European Court of Human Rights ultimately overturned the Frenchman’s conviction).

Even if “hate speech” laws were magically applied by authorities exactly as advocates would wish — whereby only the ideas one hates would be suppressed and punished while the ideas one loves would be allowed to flourish — there would still be very good reasons to oppose such laws.

As Cole wrote: “When white supremacists called a rally the following week in Boston, they mustered only a handful of supporters. They were vastly outnumbered by tens of thousands of counter-protesters who peacefully marched through the streets to condemn white supremacy, racism, and hate. Boston proved yet again that the most powerful response to speech that we hate is not suppression but more speech.”

As The Atlantic’s Conor Friedersdorf recently explained, there is a grave irony at the heart of these newfound liberal desires for “hate speech” censorship laws: The people who would implement and interpret them are those in power, people like Donald Trump, Jeff Sessions, GOP governors and legislators, and their litany of right-wing judges. It takes little imagination to see how such laws would be applied, and against whom. Indeed, the U.S. history of allowing such restrictions is that they have been used against exactly the groups that censorship advocates think they are protecting.

Australia is one of the great biodiversity hotspots in the world. The island continent was isolated from the rest of the world for millions of years, allowing evolution to take strange new paths, and until fairly recently, with little human influence.Around 244 species of mammals are found only in Australia. Before the fires, its great diversity of life was already threatened due to invasive species, habitat destruction, and climate change, according to Australia’s science research agency, CSIRO. Now, ecologists are fearing severe ecological consequences from so much land being burnt at once.

Saying he had no regrets, he added: "I believe in all circumstances I behaved reasonably and legally. The legal rules do not inevitably cover all circumstances - including those I found myself in." Also on Monday, Johnson expressed "regret" for the "confusion, anger and pain" experienced by the British people as a result of the controversy; when pressed on whether he believes Cummings' decision has compromised the government's coronavirus message, Johnson doubled down on his support for Cummings, asserting, "I do not believe that anybody at Number 10 has done anything to undermine our message."

"The regulations made clear, I believe, that risks to the health of a small child were an exceptional situation."

To talk of the British sense of fair play is almost a cliché. But there is certainly a particular sensitivity among Britons to suggestions of hypocrisy which have thus far thwarted Cummings' attempts to brush off criticism of his excursion, and which contrast with, say, the relative lack of fuss in the US over the revelation that Ivanka Trump, President Donald Trump's daughter, traveled from Washington DC to New Jersey to celebrate Passover last month.

At the start of the lockdown, Dr. Catherine Calderwood, Scotland's Chief Medical Officer, fell on her sword after admitting two overnight visits at her seaside holiday cottage, having fronted the campaign urging Scots to stay home. Though Calderwood apologized for her actions and initially said she planned to stay on in her post, she later released a statement that she had quit and acknowledging that the "justifiable focus" on her actions could pose a distraction to the response to the pandemic.

For a man known for his gregarious nature, the British Prime Minister has few close political friends; his inexperienced cabinet was appointed as much for their loyalty and support for his key policy of leading the UK out of the European Union as any long-term affinity with Johnson.

A controversial figure who relishes his role as an outsider, he also has a common touch when it comes to distilling a message with a brilliance complemented by Johnson's own flair for capturing the national mood. So while it was Johnson, then-Mayor of London, who in 2016 sensed an appetite for leaving the EU which his more senior colleagues missed, it was Cummings, head of the Vote Leave Campaign, who boiled it down to the simple and devastatingly effective slogan of "Take Back Control."

As senior adviser since summer 2019 when Johnson became Prime Minister, the notoriously prickly Cummings has rubbed many Downing Street denizens the wrong way. But when coronavirus hit, it was he who crafted the message, "Stay Home, Protect the NHS, Save Lives," which has come to define Britain's battle against the virus and the protective shield the country threw around its beloved health service.

The hitherto wildly popular Johnson's favorability ratings have begun to slip while a recent poll by YouGov found 49% disapproved of the Prime Minister's path out of lockdown compared to 36% who supported it.

The former Chief Constable of Durham Police, Mike Barton, has warned that Cummings' behavior, and the Prime Minister's defense of it, will make attempts to enforce the lockdown impossible, potentially endangering the slow but steady progress the UK has made in reducing the spread of the virus.

The consequences could be even more serious if a mass loss of faith in both the Johnson government and his lockdown results in the public breaking the rules just at the moment the Prime Minister is urging them to stand firm.

Harvard Business School, I think put out a study a few years ago, showing that something like 30% of all hiring for what's called sort of bachelor's level jobs are for skill sets that don't require a bachelor's. So that alone exclude something like 70% of African Americans for no reason.

This whole pandemic, what it's done, it's unmasked the huge disparities that exist in our society already. I mean, the fact of the matter is this educational one we just talked about in terms of access to broadband and hardware. But you look at the disparities. I mean, the African American according to a study at Yale is 3.5 times more likely to die from COVID than a white. Somebody who's Latinix is three times more likely to die. So this has unmasked these huge structural elements of racism that existed in this country for a long time. And we need to step up to those structural elements that determine the lives of so many people.

Well, this virus doesn't really care about that. And if you're going to do it, if you're going to exercise your liberty at my personal expense, then we can't control the pandemic. And the Europeans are looking at that and they're saying, "We don't want you bringing that into our shores."

We have to have the psychological armor to defend ourselves against the racism that's all around us, that's the first piece of advice.

The second piece of advice I give is that, you really can't plan your career. You have to take advantage of all the opportunities that you have before you. And I believe that at least in my own instance, what helped me a lot was that I wanted a certain level of autonomy and accountability. And when you do that, you get more responsibility because you are willing to go outside the lane of what most people do.

it's sort of humorous to me when people say to me, "I don't see color. I don't even notice that you're a Black man." Every minute of my life, I realize I'm a Black man. How they don't realize it is beyond me. But I really think it's important for young African Americans to have their own communities, to reinforce one another so that they can deal with that incoming.

My father Otis Frazier 's father, Richard Frazier , was born in 1861. And so I have only one generation between me and slavery, which is quite unusual for someone at this stage. And my father only had a third grade education and what passed for third grade education for an African American child in South Carolina, between 1906 to 1909. But he was self-taught. He had immaculate habits of speech and dress and behavior, and he was his own man. And he gave me the single most important piece of advice I've ever had when I was growing up in the inner city. And here it is, he would say to me, Kenny, what other people think about you is none of your damn business. And the sooner you learn that, the better off you'll be

now I can see when you're running a company like Merck and Wall Street is criticizing you because you don't do what they want you to do, I can hear my father saying, you know what they think about you is none of your damn business.

And that is what it meant to be a man to me, was to get up every morning, go to work, take care of your family, take your family to church on Sunday and to make sure that your children understood the importance of education and opportunity. And so, while I was born in a really tough inner city neighborhood, I always tell people I had the good fortune to be born in my mother and my father's house. More my father, because my mother died when I was really young and I was raised by a father who was not sentimental about his children, but had high standards. And it helped me a lot to have to live up to my father's standards, which I'm still living up to.

It also comes amid an ongoing, global battle over the future of platform moderation, with officials in Europe seeking to heighten standards surrounding tech companies' content decision-making and lawmakers in many US states seeking to force platforms to moderate less.

Diamond and Dybvig offered a stylized but insightful model of what banks do. They argued that there is always a tension between individuals’ desire for liquidity — ready access to funds — and the economy’s need to make long-term investments that can’t easily be converted into cash.

Banks square that circle by taking money from depositors who can withdraw their funds at will — making those deposits highly liquid — and investing most of that money in illiquid assets, such as business loans.

So banking is a productive activity that makes the economy richer by reconciling otherwise incompatible desires for liquidity and productive investment. And it normally works because only a fraction of a bank’s depositors want to withdraw their funds at any given time.

This does, however, make banks vulnerable to runs. Suppose that for some reason many depositors come to believe that many other depositors are about to cash out, and try to beat the pack by withdrawing their own funds. To meet these demands for liquidity, a bank will have to sell off its illiquid assets at fire sale prices, and doing so can drive an institution that should be solvent into bankruptcy

If that happens, people who didn’t withdraw their funds will be left with nothing. So during a panic, the rational thing to do is to panic along with everyone else.

There was, of course, a huge wave of banking panics in 1930-31. Many banks failed, and those that survived made far fewer business loans than before, holding cash instead, while many families shunned banks altogether, putting their cash in safes or under their mattresses. The result was a diversion of wealth into unproductive uses. In his 1983 paper, Bernanke offered evidence that this diversion played a large role in driving the economy into a depression and held back the subsequent recovery.

In the story told by Friedman and Anna Schwartz, the banking crisis of the early 1930s was damaging because it led to a fall in the money supply — currency plus bank deposits. Bernanke asserted that this was at most only part of the stor

a government backstop — either deposit insurance, the willingness of the central bank to lend money to troubled banks or both — can short-circuit potential crises.

Such arrangements offered a higher yield than conventional deposits. But they had no safety net, which opened the door to an old-style bank run and financial panic.

So banks need to be regulated as well as backstopped. As I said, the Diamond-Dybvig analysis had remarkably large implications for policy.

From an economic point of view, banking is any form of financial intermediation that offers people seemingly liquid assets while using their wealth to make illiquid investments.

This insight was dramatically validated in the 2008 financial crisis.

By the eve of the crisis, however, the financial system relied heavily on “shadow banking” — banklike activities that didn’t involve standard bank deposits

But providing such a backstop raises the possibility of abuse; banks may take on undue risks because they know they’ll be bailed out if things go wrong.

And the panic came. The conventionally measured money supply didn’t plunge in 2008 the way it did in the 1930s — but repo and other money-like liabilities of financial intermediaries did:

Fortunately, by then Bernanke was chair of the Federal Reserve. He understood what was going on, and the Fed stepped in on an immense scale to prop up the financial system.

a sort of meta point about the Diamond-Dybvig work: Once you’ve understood and acknowledged the possibility of self-fulfilling banking crises, you become aware that similar things can happen elsewhere.

Perhaps the most notable case in relatively recent times was the euro crisis of 2010-12. Market confidence in the economies of southern europe collapsed, leading to huge spreads between the interest rates on, for example, Portuguese bonds and those on German bonds. The conventional wisdom at the time — especially in Germany — was that countries were being justifiably punished for taking on excessive debt

the Belgian economist Paul De Grauwe argued that what was actually happening was a self-fulfilling panic — basically a run on the bonds of countries that couldn’t provide a backstop because they no longer had their own currencies.

Sure enough, when Mario Draghi, the president of the European Central Bank at the time, finally did provide a backstop in 2012 — he said the magic words “whatever it takes,” implying that the bank would lend money to the troubled governments if necessary — the spreads collapsed and the crisis came to an end: