Gaming revenue fell for the 12th month in a row in December and last year's overall drop is historic.
Some locals who depend on conventions to survive say they can't afford the war of words going on between President Obama and Mayor Oscar Goodman.
Last week, both Wells Fargo and Goldman Sachs canceled corporate junkets scheduled to take place here in Las Vegas.
They were trying to get away from the perception that they are taking the money given to them in these bailout packages and using it to treat their CEO's to lavish vacations.
The comment President Obama made about the matter at a town hall meeting on Monday was:
"You are not going to be able to give out these big bonuses until you've paid taxpayers back, you can't get corporate jets, you can't go take a trip to Las Vegas or go down to the Super Bowl on the taxpayers dime."
Wednesday workers who were setting up for the Magic Apparel convention were steamed about the president's comments.
Electricians' union foreman Charlene Wallace says her crews are working, but just barely.
The truest thing I have ever heard about the stock market is this:
The average person would be better off taking his money and going to Las Vegas and playing black jack instead of "playing the market." The rules are clearer and the game more honest. Plus, in Vegas you will be given, depending on the size of your "account," a free room, free booze, free transportation and when you ultimately lose and the house has lost interest in you there is a plethora of young ladies to look at and other wise enjoy their company.
This couldn't have happened to a nicer bunch of people.
It's kinda like divorce... The screwing you get for the screwing you got.
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"You are not going to be able to give out these big bonuses until you've paid taxpayers back, you can't get corporate jets, you can't go take a trip to Las Vegas or go down to the Super Bowl on the taxpayers dime."
ReplyDeleteSo when is San Fran Nan going to give up her personal jet, and when will congress give up their taxpayer funded perks?
It'll happen when the taxpayer takes it away from them.
ReplyDeleteHope you didn't take my post the wrong way. I say a pox on all of them. The bankers who paid themselves millions for failing. Something you and I would have been fired for. The LV investors who just kept building and building even when the market first softened. The unions who supported Hussein without understanding that Hussein is for Hussein...