Sunday, December 28, 2008

Living on a Disposable Income Tightrope

Las Vegas, the city known worldwide as the place to go to part with cash, was once believed immune to economic setbacks. People would always find money to indulge their appetite for sin, or so the casino crowd thought.

Not this time.

Sin City seems to have fallen prey to America's economic meltdown. According to The Telegraph, gaming revenues in Las Vegas plummeted more than 25% in October alone. The city's formerly robust construction industry has all but ground to a halt. "Lost Wages" now has a brand new meaning.

The party's not over yet, not even close, but it sure has gotten eerily quieter. Don't expect Celine to show up at your table asking for your drink orders anytime soon.

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