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King Juan Carlos of Spain once insisted "kings don't abdicate, they die in their sleep." But embarrassing scandals and the popularity of the republican left in the recent Euro-elections have forced him to eat his words and stand down. So, does the Spanish crisis suggest that monarchy is seeing its last days? Does that mean the writing is on the wall for all European royals, with their magnificent uniforms and majestic lifestyles? The Spanish case provides arguments both for and against monarchy. When public opinion is particularly polarised, as it was following the end of the Franco regime, monarchs can rise above "mere" politics and "embody" a spirit of national unity. It is this apparent transcendence of politics that explains monarchs, continuing popularity as heads of state. And so, the Middle East excepted, Europe is the most monarch-infested region in the world, with 10 kingdoms (not counting Vatican City and Andorra). But unlike their absolutist counterparts in the Gulf and Asia, most royal families have survived because they allow voters to avoid the difficult search for a non-controversial but respected public figure. Even so, kings and queens undoubtedly have a downside. Symbolic of national unity as they claim to be, their very history—and sometimes the way they behave today—embodies outdated and indefensible privileges and inequalities. At a time when Thomes Piketty and other economists are warning of rising inequality and the increasing power of inherited wealth, it is bizarre that wealthy aristocratic families should still be the symbolic heart of modern democratic states. The most successful monarchies strive to abandon or hide their old aristocratic ways. Prince and princesses have day-jobs and ride bicycles, not horses (or helicopters). Even so, these are wealthy families who party with the international 1%, and media intrusiveness makes it increasingly difficult to maintain the right image. While Europe's monarchies will no doubt be smart enough to survive for some time to come, it is the British royals who have most to fear from the Spanish example. It is only the Queen who has preserved the monarchy's reputation with her rather ordinary (if well-heeled) granny style. The danger will come with Charles, who has both an expensive taste of lifestyle and a pretty hierarchical view of the world. He has failed to understand that monarchies have largely survived because they provide a service—as non-controversial and non-political heads of state. Charles ought to know that as English history shows, it is kings, not republicans, who are the monarchy's worst enemies. According to the first two paragraphs, King Juan Carl of spain

Directions: Write an essay of 160-200 words based on the following drawing. In your essay

Penny-pinching consumers and fierce price wars are bad news for the travel industry. Bad, that is, for everyone except the booming on line travel giants. Consider the sharp rebound of such on-line players as Travelocity and Expedia. While they suffered in the wake of the September 11th terrorist attacks, with bookings off as much as 70% in the weeks that followed, business has snapped back. "The speed with which those businesses bounced back surprised even the people most bullish about the sector," says Mitchell J. Rubin, a money manager at New York-based Baron Capital, an investor in on-line travel stocks. The travel industry's pain is often the on-line industry's gain, as suppliers push more discounted airline seats and hotel rooms to win back customers. And many of those deals are available only on dine. At the same time, on-line agencies rely primarily on leisure travelers, where traffic has rebounded more quickly than on the business side. The two biggest players, Travelocity Com. Inc. and Expedia Inc. , are locked in combat for the top spot. Both sold some $ 3 billion worth of travel last year, though Expedia topped Travelocity in the fourth quarter in gross bookings. And thanks in part to a greater emphasis on wholesale deals with suppliers, Expedia is more profitable. For the quarter ended in December, Expedia posted its first net profit, $ 5.2 million, even with noncash and nonrecurring charges, compared with Travelocity's $ 25 million loss. The airlines' latest cost cutting moves may only spur the on-line stampede. Major carriers are eliminating travel agent commissions in the U. S.. That could lead to growing service charges for consumers at traditional agencies, driving still more travelers to the Web. Jupiter Media Metrix is predicting that on line travel sales in the U. S. will jump 29%0, to $ 31 billion this year, and to $ 50 billion by 2005. About half of that is from airlines' and other suppliers' own Web sites, but that still leaves plenty of room for the online agents. This growing market is drawing plenty of competition and new players. Hotel and car rental franchiser Cendant Corp. snapped up Cheap Tickets last October. Barry Diller's USA Networks Inc. bought a controlling stake in Expedia. And a group of hotels, including Hilton Hotels and Hyatt Corp. , are launching their own business this summer to market hotel rooms on the Net. Is the field too crowded? Analysts and on-line agencies aren't worried, figuring that there's plenty of new business to go around. But, for now, the clear winners are consumers, who can count on finding better services and better deals on line. We can learn from the beginning that the competition in the travel industry revolves chiefly around ______.