Santa Barbara County is in a state of emergency as an out-of-control fire continues to burn. The fire, which ignited in the dry brush on Tuesday, has destroyed at least 20 homes; its cause remains under investigation.
Singapore’s Raffles Hotel has been put up for sale by owner Prince Alwaleed of Saudi Arabia for $450 million. The Fairmont Raffles Hotel International group is seeking buyers in response to a sharp drop in the value of some of the Prince’s largest investments.
It seems that when companies have to cut costs, corporate travel is suddenly deemed unnecessary. A recent survey reveals, however, that most business leaders do not agree with decreasing travel budgets in a slow economy.