Meena Sankaran
Margaret Thatcher: The Iron Lady Who Reshaped Britain
The Historical Significance of Niagara Falls and the Best Time to Visit
The Lady of the LandAnArtful Guide for Being an Effective Landlord Woman
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MargeretwasbornasMargeretHilda Robertson13October1925in Grantham,Lincolnshiretothefamily ofAlfredandBeatriceRoberts.Her father,AlfredRobertswasa shopkeeperandMayorofGrantham, whichhelpedpiqueherinterestin politics.Shewaseducatedatalocal grammarschoolandlatershestudied ChemistryatOxfordCollegefrom 1943-1947.
Evenafterstudyingchemistryand receivingadegreeofMasterofArtin 1950,shealwaysheldaninterestin politicsandbecamethePresidentof theOxfordUniversityConservative Associationin1946.Aftergraduating shestartedworkingasaresearch chemistatBSPlaticsinEssex.In 1949,shemetasuccessful businessmanDenisThatcher,andgot marriedtohimin1951.
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TheRiseOfMargaretThatcherinPolitics
Inthe1950-51generalelections,shewasa ConservativecandidatefortheLabourseatof Dartford.Shewastheyoungestandonlyfemale candidatewhichgainedalotofmediaattention.She studiedforthebarandqualifiedforthebarristerin 1953andspecializedintaxation.Herentryinto politicscamein1959whenshewaselectedasthe memberofParliamentforFinchley.
Fromtheresheslowlymovedupranks,servingasa parliamentarysecretaryintheMinistryofPensions andNationalInsurance(1961to1964),aschief oppositionspokesmanoneducation(1969to1970), andassecretaryofstateforeducationandscience (1970to1974),beforetakingovertheroleof ConservativepartyleaderfromEdwardHealth,who hadlosttwosuccessiveelections,in1975.In1979, shewaselectedasthefirstfemaleprimeministerof Britainandheldthepositionfor11years.
MajorEventsAfterMargaretThatcherBecame PrimeMinister
• Whenfacedwithagrowingnumberofpeople withoutjobs(whichreached2millionforthe firsttime),shewasencouragedbycriticsfrom theConservativePartytochangeherapproach toreducinggovernmentspending.However, sherespondedfirmlybysaying,"Ifyouwantto changedirection,goahead,butIwillnot changemystance!"
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• In1982,ArgentinainvadedtheFalkland Islands,andMargaretThatchersentagroupof Britishforcestotakebacktheislands.A significantmomentintheconflictwaswhenan ArgentineshipcalledGeneralBelgranowas sunkafterThatcherpersonallyorderedittobe attacked.Itwaslaterrevealedthattheshipwas movingawayfromanareawhereitwasnot supposedtobe.Thisdecisionsparkedanger amonganti-warpoliticiansandactivists. However,themajorityofthepublicsupported theFalklandsWarandThatcher'sroleinit.This supportgreatlyimprovedherpopularityand playedasignificantroleinheroverwhelming victoryinthe1983GeneralElection.
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• In1984,theNationalUnionofMineworkers(NUM)wentonstrike becausemanycoalmineswerebeingclosed.Thegovernmenthadstored coalandwasaccusedofintentionallycausingthestriketoweakenthe union'spower Thestrikelastedformorethanayearandresultedin violentclashesbetweenpicketersandthepolice,includingthewellknownBattleofOrgreave.Eventually,theminersreturnedtowork,but thegovernmenthadsucceededinreducingtheinfluenceandstrengthof theunion.Thepublichadmixedopinionsaboutthestrike,withmany peopleontheleftandinthenorthernregionssupportingtheminers.This contributedtoMargaretThatcherbeingseenasahighlydivisivefigurein politics,withstrongsupportersandopponentseventoday
• In1984,therewasabombingattheGrandHotelinBrightonduringa meetingoftheConservativeParty TheIRAplannedtoharmMargaret Thatcher,butthankfullyshewasnothurt.However,theexplosioncaused thedeathsoffivepeopleandleftmanyotherswithseriousinjuries, includingthewifeofagovernmentministernamedNormanTebbit.
• In1987,MargaretThatcher'sgovernmentwonanothergeneralelection, thistimeagainsttheLabourPartyledbyNeilKinnock.Althoughthe victorywasnotasstrongasin1983,itstillgaveThatcheragood majorityinParliament,allowinghertocontinueimplementingher policiesandplans.
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MargaretThatchergainedthetitleIronLady.Thiswasbecauseofher strongandunwaveringleadershipstyle duringhertimeasthePrimeMinisterof theUnitedKingdomfrom1979to 1990.Sheearnedthisnicknamedueto herdetermination,resilience,andtough approachtopolitics.
Herleadershipwascharacterizedbyher firmnessanddeterminationto implementherpolicies,evenintheface ofopposition.Shefirmlybelievedin herconservativeidealsandwasnot afraidtochallengeexistingnormsand makebolddecisions.Shewasknown forherstrongconvictionthatthe governmentshouldhavealimitedrole intheeconomyandthatindividuals shouldhavemorefreedomand responsibility.Shebelievedinfree markets,privatization,andreducingthe poweroflaborunions.
OneofthekeyreasonsMargaret Thatchergainedthenickname"Iron Lady"washertoughstanceonthetrade unions.Shetookonthepowerfuland oftenmilitantunions,whichwere causingsignificantdisruptionsand strikesinvariousindustriesatthetime. Sheimplementedlawstocurbtheir powerandstrengthentheauthorityof thegovernment,leadingtoclashesand confrontations.Herresoluteapproach indealingwiththeunionsearnedhera reputationforbeingunyieldingand determined.
HerhandlingoftheFalklandsWarin 1982alsocontributedtoheriron-like image.WhenArgentinainvadedthe FalklandIslands,sheswiftlyresponded bysendingataskforcetoretakethe islands.Herstrongleadershipduring theconflictandherrefusaltonegotiate
withtheArgentinegovernmentshowcasedherresolutenessand determinationtoprotectBritishinterests.Thesuccessfuloutcome ofthewarfurthersolidifiedherreputationasastronganddecisive leader
MargaretThatcher'sfirmstanceagainstcommunismandherclose alliancewiththeUnitedStatesduringtheColdWareraaddedto herimageastheIronLady.Sheplayedasignificantrolein promotingfree-marketcapitalismandchallengingtheSoviet Union'sinfluence.Herstrongconvictionsandassertiveforeign policiesearnedherrespectandadmirationfromsupporters,but alsocriticismfromopponentswhosawherasuncompromising.
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TheBigBangandMargeret Thatcher'sImpact
Inthelate1970s,London'sfinancial district,knownastheSquareMile,was anexclusive,male-dominatedclub characterizedbytraditionalsuits,posh accents,andleisurelylunches.Money wasmadeattheStockExchangeby licenseddealersrepresenting prestigiousfirmslikeQuilterandCo.
However,everythingchangedwiththe arrivaloftheBigBang.AfterMargaret Thatcher'selection,exchangecontrols werelifted,attractingforeigncapital intoBritain.In1986,theStock Exchangewasderegulated,inviting majorglobalplayersintothetrading floor
Thisnewerasawtraderssendinglarge sumsofmoneyacrossinternational financialnetworks.Thetransformation wassymbolizedbythegleamingtowers ofCanaryWharf,risingfromtheonceindustrialLondonDocklands.London's journeytowardsbecomingaglobal financialpowerhousehadbegun.
Thoughthecrashoffiveyearsagocast ashadowontheBigBang's freewheelingspirit,herderegulation
effortshadalreadycreatedanew, internationally-focusedCity.The financialsector,estimatedtobeworth £125.4bnatthebeginningofthis decade,contributedsignificantlytothe UKeconomy
Thatcher'sBattlewiththeMiners
MargaretThatcherenteredofficewitha determinationtoconfronttheinfluential NationalUnionofMineworkers (NUM),whichhadcaused embarrassmenttoherpredecessor, EdwardHeath,inthe1970s.
Theminers'strikeof1984-85became anopportunityforhertodismantlethe NUM'spowerandintroducelegal barrierstopreventfutureindustrial action,whichshebelievedhadplagued Britaininthe70s.Additionally,the declineofBritain'smanufacturing industry,whichMargaretThatcher's governmentmadelittleeffortto reverse,furthererodedthefoundations ofBritishtradeunionism.
Thecombinationofhigh unemploymentandeconomicrecession significantlyweakenedthebargaining poweroftheunionsintheearlytomid1980s.UnionmembershipinBritain hassincehalved,asaresultofthese factors.
InfluenceonFashionandPower Dressing
AstheCityofLondongrewin prominence,anewmoney-focused ethosemerged,givingbirthtoadistinct style.Designerlabelsflourished, cateringtotheaspirationalspiritofthe era.ActresseslikeJoanCollins,who admiredThatcher,popularizedthelook
offemalepower-dressersthrough theirrolesinglamorousAmerican soapslikeDallasandDynasty
Thisstylewascharacterizedby shoulderpadsandsharplytailored suits.Thatcherherselffavoreda blueskirtsuit,pearls,andanAsprey handbag,alookthatwouldgoonto influencepowerfulwomenlike HillaryClintonandCondoleezza Rice.
MargaretThatcher'sViewson theBBCandtheLegacyof CulturalConflict
MargaretThatcherviewedtheBBC licensefeeasamandatorytax imposedonalltelevisionviewers, regardlessoftheirinterestinBBC programs.Asprimeminister,she believedthecorporationhada leftwingbiasinitscoverage. DuringtheFalklandsWar,critics evenmockinglyrenameditthe StatelessPersonsBroadcasting Corporation,highlightingits reluctancetorefertoBritishtroops as"our"troopsandArgentinian soldiersas"theenemy."
The1990BroadcastingActaimed toregulatetheBBCbyrequiringit tooutsourceaportionofits productionandintroducing competitionfromnewplayers. However,thelegacyofthe MargaretThatchererawasthatit pulledtheBBCintoacontinual culturewar.Herroleinthecreation ofChannel4in1982likelydidn't anticipatethatitwouldpopularize fiercelyanti-establishment programming.
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Shehassufferedalotofhealthissuessince2003anddiedon8April2013attheageof87 atTheRitzHotelinLondon,aftersufferingastroke.Shereceivedaceremonialfuneral includingfullmilitaryhonours,withachurchserviceatStPaul’sCathedral.Beitpositive, ornegative,sheleftabiglegacybehindandpeoplestillrememberherforallthechanges andworksshehaddonewhilebeingthePrimeMinisterofBritain.
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CEO & Founder | KETOS
Intheenvironmentalstart-upfield,whereglassceilingsareshattered,aneweraofwomenleadershipisconqueringmountains ofcorporatesuccess.Thesefemaleleadersarereadytogivenewperspectivestosustainabledevelopmentbysolvingthe problemsregardingclimatechange.Theyarecontributingtomakingthisworldabetterplaceforcurrentandupcoming generationsandpavingthewayforcountlessotherstofollowsuit.MeenaSankaran(CEOandfounderofKETOS)isone suchleaderincreatingnewmethodologieswherebusinessesandpeopletransformthewaytheythinkaboutwaterthrough smartwatermanagementfordistribution,safety,andconservationonaglobalscale.
CreatingSafer,Smarter,andSustainableCommunities
Establishedin2015,KETOShasworkedtirelesslytotransformthewaterindustrytomakewatersaferandsustainablefor futuregenerations.Theorganizationhasautomatedmission-criticaltestingandmonitoringprocessesthatweretraditionally manual,slow,andexpensive.Itsvisionistopreventapotentialdiseaseoutbreakandsavelivesbyleveragingthepowerof technologyanddata-driveninsights.Themissionistocreatesafer,smarter,andsustainablecommunitiesaroundtheworld wheretheavailabilityofcleanwaterisnolongeraprivilegeforonlyafewacrosstheglobe.
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Cover Story
PioneerinAI-enabledWaterIntelligence
KETOSisthepioneerinAI-enabledwaterintelligencefor industryprovidingvisibilityfordata-drivendecision makingatthefingertips.Itsreal-timediagnosticsand predictiveintelligencewithover282Mdatainsights generatedsofar,enablesoperatorsto:
Ÿ Save12-15%onchemicaltreatment(weekly)
Ÿ Conserveover13Mgallonspercustomersite(depending onsize/capacity)ofwaterthrough90-100%waterreuse
Ÿ Enablepredictivemaintenanceonlargeexpensive operationalequipmentwhilesavingenergyand increasingefficiencymetricsfortheplant.
Ÿ Managenutrientswith3Xtheefficiencyandreduction offertilizerconsumption.
Ÿ Meetcompliancerequirementsproactivelyforeffluent dischargemonitoring,allthiswhilebeingaffordableas aZeroCapExofferingforeasieradoption.
KETOSSHIELDistheflagshipsolutionforwaterquality Atthesametime,KETOSWAVEandKETOSICEBERG areothersystemsfocusedonwaterefficiency,leak detectionandcomprehensivelylookingattheoverallwater footprint.KETOSSmartFabricisasoftwareplatformthat providesAIinsights,earlywarnings,alerts,predictions,and moreforcustomersastheythinkofaddressingtheir sustainabilityneedsinthenextdecadewithwaterdatathat otherwisedidn’texistwiththefrequencyandaccessibility thatwasaMUSTfordecisionmaking.
Theflexibilityoftheofferingasamenuandthe incorporationofthecompletetechstackallowsthe organizationtoremainnimble.Thebusinessmodelwhere KETOSdoesn’tsellthehardwarebutallowsthesolutionto beofferedasa“DataasaService”wasplannedtoprepare forthenextdecadeascompaniesaretryingtochange courseoradapttohowithasbuiltsomethingorganicallyby designfromtheverybeginning.
Meenahasdecidedtotakeherorganizationonestepahead byworkingtowardstheintroductionofthenextSaaS-only solutionthatallowsforwater,climateandhealthrisk modeling.Moreover,expertsarefinallytakingadeeper lookattheirwaterinsightswhilethinkingofESGreporting, climateriskmodeling,andclimateadaptationstrategies.
ProvidingClearGoalstotheTeam
AccordingtoMeena,everyleadershouldpossessqualities likePatience,Persistence,andPerseverance(shecallsthem
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Story as3Ps).Inadditiontothesequalities,leadersshould holdontootherqualitieslikeresilienceandgrit whichcanhelpthemtoexecutegoals.Beinga Servantleader,Meenaunderstandstheroleswithin theorganization.Shecanzoomintotheweedswhile zoomingoutfortheinvestorsandtheboard.These arethekeyaspectsofherroleintheorganization.
Beingachieftranslatorforsupportingcrossfunctionalstrategy,Meenaprovidescleargoalstothe teamthroughtransparentactions.Thisallows everyonetostayalignedonthemissionandvisionof thecompanywhichisacrucialresponsibilityatthe helm.
TheCEObearstheburdenofseparatingthesignal fromthenoiseandensuringthesurvivalofthe companyormakingunpopulardecisionsthathelp thecompanyachieveitsmilestoneswhilealways keepingtheteamattheforefront.Therightgroupof peoplewiththerightattitudecanachieveanything thattheyputtheirmindsto,soit’suptotheleaderat thehelmhowhe/sheguidesthemtoaccomplishthe vision.
CustomerSatisfactionthroughValueGeneration
Waterchallengeshavebeenknownfordecadesand manyhavetriedtosolvethem.Waterquality intelligence,inparticular,hasbeenaconcernthat manyhavetriedtoaddressbutnoresultswere generated.Sothepriceforcredibilitywasasteep uphillwhichKETOShadtocopewithandshowcase throughmilestonesandconsistentexecution.Also, waterissuestraditionallyhavebeenaddressedbya vastnumberofnon-profitssoapproachingthe VC/Financialcommunitywithawatertechstart-up wasmetwithalotofresistancesincepeoplehave differentriskprofilesandtolerances.
TechnologicalinnovationandtheimpactoftheIP createdcustomersatisfactionthroughtheunique valuegenerationandtheunconditionalperseverance oftheteamdriventopursuethisvision.Theculture oftheorganizationdrivenbytheethicsaround employeeempowerment,customersuccess,and excellenceinexecutionkeptthefocusonthegoals aheadthroughallthechallengesthathitthe organization.Itisoneofthemainreasonsbehindthe long-standingsuccessofthecompany
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Gratitude,Respect,Trust,andHumility
BeingtheCEOofherorganization,Meenalooksafter heremployeesbycelebratingthesmallwins,everywin, andeverymilestone.Sheacknowledgespeople’swork andappreciatesthemfortheirsacrifices.Acclaimingthe goodworkofemployeescontinuestotheirfamilieswho supportthemduringthejourneyandletthembepresent andcontributetothesuccessoftheorganization. Gratitudeisthemostcrucialaspectoftakingcareofall employees.Gratitude,respect,trust,andhumility—are someofthekeyvaluesofKETOS’teamsinceitis focusedonhoweachpersonintheteamcaninspireand motivateothersasaclose-knitgroup.Diversityin backgrounds,education,ethnicity,experience,etc. encompassestheteamwhichisintheDNAofevery employee,andtheethosofitsculturemakesthe organizationunique.
Meenaadvisesaspiringwomenentrepreneurstoreject NOasananswer.Sheelaborates,“If you believe in
what you do, then don’t give up. Success isn’t an outcome so don’t have fear of outcomes, embrace the journey to your best ability as that in itself is success if your intent, passion, and commitment are unconditional. Don’t get caught up in others'
perception of success.”
OvercomingBarrierstoDictatethePath
Beingawomanleader,Meenahasencounteredmultiple challengesinhercareerandgender-relatedbarriersare partofthegig.Afterbecominganengineer,25years ago,shesignedupforit.Ineachtechnicalroleshehas undertaken,therehaveconsistentlybeenbarriersto navigate,varyinginintensity.TheKETOSspectrumhas beenfundraisingorevenpursuingcustomersinalegacy male-dominatedsectorlikewater.Sheadaptedand learnedtonavigatewithoutlettingthosebarriersdefine hersuccess.Shedidn’tletsocietalpressuresholdher back.
Focusingonpeople’sattitudesandtherightmindsetfora roleismoreimportantinrecruitingthanthebadgeof honortheyholdfromanIvyLeagueortheiraptitude. KETOSisintentionalaboutthepoolofcandidatesit
interviews,whichallowsmorewomentoparticipate inthefunnel.Theirperformanceandsenseofself latergetthemthegig,however,thekeyisgetting morewomentoparticipate,whichissomethingthe organizationisconsciousof.UntilSeriesB,KETOS hadanall-womenBoardofDirectors,whichwasvery rareforadeep-techclimate/roboticsstart-up.
Speakingaboutfeminism,Meenadoesnotwantto definesomeoneasa‘WomanEntrepreneur,Woman Engineer,MinorityWomanLeaderofColour,’etc. Accordingtoher,suchdefinitionsthemselves discriminateandputlabels.Shepreferstofocuson strongentrepreneurs,creativeengineers,andbrilliant leaders,andlettingthatbeamanorwomanwouldbe theidealplaceofequalityandmerit-driven performancewithoutbias.
SpiritualitythroughMeditation
Meenaderivesinspirationfromsomeonealmost everydayinallwalksoflife.Sheadds,“Asthe universehasshoweredeveryonewithgiftsthatwe canseeonly,ifwetakeamomentactuallytobe presentandpayattentionto.”Therehavebeen numerousbrilliantwomenchange-makerstocountin thehistoryofmankind.Amongthem,Meena mentions‘AyyalasomayajulaLalitha’.Shewas India’s1stfemaleengineerandthattooinpreindependencedaysunderBritishRule.Lalithawasan architectoffemalerepresentationintheengineering fieldwhosedeterminationtookhertopavetheway forthemillionsofnext-generationfemaleengineers ofIndia.
Beingasuccessfulleaderinherfield,Meenadoesnot believeinthework-lifebalanceterm. Sheexplains, “I see that working on your passion is something you do, and ensuring you adapt enough time in a day to prioritize all aspects of your life is constantly evolving and a conscious choice, which I’m working to be better at.”Shepracticesspiritualityand meditationwhichallowhertoholdthebalanceina daytohelpduringthedecision-makingprocess. Meenaisalsoamotherofatoddlerandhasbeen successfullymanagingbothherpersonaland professionallives.
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Cover Story
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and the Best Time to Visit
If whoever decided what the Seven Wonders of the World are plans to expand their list, Niagara Falls would be the least surprising name on it.
Meticulously carved by the glaciers, Niagara resides between the borders of the USA and Canada and cannot be ignored—largely because of how giganticly marvelous its presence is. For centuries, Niagara has attracted people globally by its sheer beauty. But did you know it has not one but three sides to it?—the Horseshoe Falls on the Canadian side, the American Falls, and the Bridal Veil Falls.
Beyond its usual touristy side, in this article, we are also going to explore its less-discussed historical side, its impact on art and literature, how it helps the US and Canada maintain friendly relations and more!
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HowdidNiagaraFallsCometo Life?
Itallbeganaround12,000years agoduringtheWisconsin glaciation.Asthemassiveglaciers retreated,alltheyleftbehindwere themassivelakessuchastheLakes ErieandOntario.TheNiagara Riverwasthenaturaldrainage channel,flowingfromthehigher elevationofLakeErietothelower LakeOntario.
However,theunderlyingbedrockwasaproblemasitconsistedofhard dolomiteandasoftershalelayeronthetop.Asthedayspassedandthe waterkeptflowing,thesofterparterodedatthebaseofthefalls,and thedolomitealsocrumbledandregressedupstream.Thesamewaterfall stillworksonthesameprocesseventoday.However,ledbythe engineeringinterventions,itsspeedissignificantlyslower.Butwhois goingtocomplainabouttheslowerspeedwhenyouaregettingto witnessthebeautifulNiagaraFalls?
ARichHistory,EuropeanArrival,andDevelopment
IndigenouspeoplehavealwaysadoredNiagaraFalls,treatingitasa sacredsiteforover10,000years.TheIroquoisConfederacy,apowerful allianceofsixnations,hadaspecialnameforthefall—Ontonagon, meaninggreatthunder Theirbeliefwasthecascadingwaterspossessed immensespiritualpowerandservedasagatewaytothespiritworld. Archaeologistshavealsosupportedthisconnection,highlightingthe deepreverencethesecommunitiesheldforthisnaturalwonder
ThearrivalofEuropeansinthe17thcenturywastheturningpointfor thefalls.FrenchexplorerFatherLouisHennepinbecamethefirst Europeantolayeyesontheawe-inspiringsightin1678.Foryears,this surgeinexplorationandsettlementintheregioncontinued.Niagara Riverwasalsoacruciallandmarkthatmadethefallsastrategically valuablelocation,becomingatransportationrouteforthefurtrade.
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Notallwaspeacefulthough,asthe fallssoontransformedintoa battlegroundduringconflictslike theAmericanRevolution,andthe FrenchandIndianWar—imprinting scarsontheregion'shistoryledby thebattles.
HarnessingthePowerand ModernChallenges
TheimmensepowerofNiagara Fallswasn'tlostontheinhabitants.
Effortstoharnesshydroelectric powerfromthefallsbeganinthe late19thcentury.Today, sophisticatedpowerplantsonboth theAmericanandCanadiansides generatecleanelectricity.However, waterdiversionforpower generationhasalsoraisedconcerns abouttheecologicalhealthofthe fallsandthesurrounding ecosystem.Balancingtheneedfor cleanenergywiththepreservation ofthisnaturalwonderremainsan ongoingchallenge.
ASymbolofPowerandBeauty, andAlliance:
NiagaraFallsisafixtureinpopular culture,appearingincountless movies,televisionshows,and musicvideos.Fromthedramatic helicopterchasein"SupermanII" totheiconichoneymoon destinationincountlessromantic comedies,thefallshavebecome synonymouswithnaturalbeauty, awe-inspiringpower,andasymbol ofnewbeginnings.
NiagaraFallsholdsaunique positioninmaintaining internationalrelationsbetween CanadaandtheUSA.Both countrieshavetakenashared responsibilitytomanagethis naturalwonder,requiring cooperationbetweenthem.
Best Months to Visit Niagara Falls
• The best time to see the falls with fewer crowds is in May or September. Summer (June-August) is the peak season with lots of tourists.
• Visit in October to witness beautiful fall colors.
• From November to March, the weather gets cold. There are wine festivals in nearby Niagara-on-the-Lake during this time.
• From April to October, there's a theater festival dedicated to plays by George Bernard Shaw.
How to Get Around Niagara Falls
• WEGO Buses: A budget-friendly and easy way to reach key places like Table Rock, Skylon Tower, and Horseshoe Falls.
• Adventure Pass: Combine your transportation (WEGO) with entry to various attractions for savings. You can get it at a Welcome Centre or online.
• Taxis: Take a cab from downtown to visit Niagara-on-the-Lake.
• Horse-Drawn Carriages: Explore Niagara-onthe-Lake in style with a traditional carriage ride.
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The Royal Charter:Your LeaseAgreement ConsultYour Court Wizard: Real EstateAttorney CIO Women Magazine | 37
5.TheQueen’sTreasury:FinancialManagement
Asalandlord(read:queen),yourtreasury(bank account)isessentialtotherunningofyourkingdom (property).Butitssuccessdoesn’thappenovernight–tokeepitoverflowingsuccessfullyrequirescareful managementandwisespendingdecisions.Settingan affordablerentiskey;otherwise,yourcastlecould becomevacant;toolow,andyourbudgetwilldwindle away.
Maintainingregularpropertymaintenanceservicesis crucial;fixingleakyroofsorwater-damagedceilings soonerwillsavemoneyinreplacementcostsdownthe line.Keepaseparatefundforunexpectedrepairs–trustme,therewillalwaysbeunexpectedmaintenance tocover!Additionally,investinginlandlordinsurance couldprotectagainststormyskiesbrewingup.Lastly, neverforgettoreportrentalincometothetaxmanas taxevasionisneitherqueenlynorwise!Remember:A prosperouskingdomneedsfinancialsecurity!
6.ReignwithGrace:FosteringaPositiveLandlord-Tenant Relationship
Beingalandlorddoesn’tjustinvolverulingoveryourterritory;italso involvesrulingwithelegance.Buildingstrongrelationshipswith tenantsiskeyforanuninterruptedreign.Beaccessibleand responsivetoyourtenants’needs.Whentheyreportbrokenwindows, domorethannodandwaveyourscepter–takeactiontofixtheissue asquicklyaspossibleorhiresomeonewhocan!Berespectfuloftheir privacy–afterall,yourkingdomistheirhometoo!Allowthem plentyofnoticebeforeyouoranytradespeople(tradespeoplecanbe readasknightsinthisinstance)entertheirpremises.
Alwaystreateachtenantfairlyandwithrespect;ifatenantis consistentlylatewiththeirrentpayments,addressthisprofessionally –rememberyouaretheirqueen,nottheirfoe!Mostimportantly, showkindnessandunderstandingtowardsyourtenants–everybody facestoughbattlesatsomepoint,sobeingkindgoesalongway towardkeepingtenantssatisfiedinyourkingdomforaslongas possible!Rulewithgraceandyourtenantswillrespectyouwhile remainingloyalsubjectsofyourkingdomforyears.
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