jayalley
11-25-2009, 06:15 AM
Remember last winter when the Nitwit-in-Chief very publicly chastised the evil corporations for holding conventions in Las Vegas? Group bookings were quickly cancelled by the planeload and the hotel & gaming industry went into a nose-dive from which it has never recovered. Add to that the Democrat-patronage job-laden agencies like Freddie Mac (Jamie Gorelick) and Fannie Mae (Barney Frank's boyfriend) mandating loans to anyone who could sign their name. The result:
Nevada has the 2nd highest state unemployment rate in the country (after Michigan!) at almost 14% (real rate of 20%)
65% (!) of houses in Las Vegas are worth less than their mortgages (Wall Street Journal 11-24-09, page 1), many of them 50%(!) less.
Las Vegas has the nation's second highest mortgage default rate (2nd only to Miami's speculative bubble).
So, if you want to go to the Mosconi Cup.... you can probably get a very cheap room or empty condo rental, find plenty of seats in the restaurants and take your choice of casino seats. (Gee, I guess every cloud has a silver lining.) And did I mention that Chinese Macau posted its 3rd record month in a row?
Party on, Axelrod.
Nevada has the 2nd highest state unemployment rate in the country (after Michigan!) at almost 14% (real rate of 20%)
65% (!) of houses in Las Vegas are worth less than their mortgages (Wall Street Journal 11-24-09, page 1), many of them 50%(!) less.
Las Vegas has the nation's second highest mortgage default rate (2nd only to Miami's speculative bubble).
So, if you want to go to the Mosconi Cup.... you can probably get a very cheap room or empty condo rental, find plenty of seats in the restaurants and take your choice of casino seats. (Gee, I guess every cloud has a silver lining.) And did I mention that Chinese Macau posted its 3rd record month in a row?
Party on, Axelrod.