HONOR FOR 100 TIMES——The 100th Canton Fair Celebrated

In October, Canton, the capital city of Guangdong Province will celebrate the 100th Chinese Export Commodities Fair(CECF). Canton is also called Spring City or Flower City for its beautiful and warm climate in the whole year and people's nature of loving flowers.     

Influential Leadership and Media: How a Single Statement Can Affect an Industry

Historically, the most powerful political and organizational leaders have been described as being charismatic. With technology's increasing impact on society, these leaders have widespread access to the masses. Utilizing charismatic leadership and media saliency theories, this study aims to analyze the impact that occurred in the Las Vegas convention industry after the President made specific comments concerning Las Vegas. These comments implied that convention spending in Las Vegas was wasteful, and resulted in the cancellation or relocation of over 400 conventions in one week. This research utilizes monthly, aggregate convention data from January 2002 to March 2014 to evaluate the impact of this comment empirically. Time series regression analysis was conducted to estimate the effect of President Obama's comment, controlling for other factors. The results suggest that President Obama's comments had a significant negative effect on both convention attendance and the number of meetings held. The findings provide insight into the effect of singular comments made by influential leaders.     

The Federal Reserve—— Is it the biggest scam in history as many claim？

The Federal Reserve Banking System became the leader of our current economic practice on December 23, 1913. Twelve private money trusts were empowered with the unique ability to monopolize the currency transactions within our economic system. The initial goal of the Federal Reserve System was to create a safer, more stable and more flexible monetary banking system. But has the Federal Reserve achieved their stated mission or have they expanded their powers beyond the initial intent of Congress？     

Message from the Managing Editor

This issue is the final copy edited by our editorial office, that is, the current editorial team, including the editorial board members, has finished the missions of editing and publishing. From the first issue of 2011, this journal will be operated by another editorial team organized by Mrs. GAO Xiao-ling （econtp@163.net）.