Word: analysts
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...buyer, paid the equivalent of $225,000 for each room on the property; CityCenter's rooms cost about $1.5 million each to build. Even if CityCenter is a big success and people want urban density as a part of their Vegas experience, experts like Bill Lerner, a gaming analyst at Union Gaming Group, figure it will be five to 10 years before Vegas needs more than the 150,000 or so hotel rooms it will have when CityCenter's 6,000 and the Cosmopolitan's 800 are completed. And if CityCenter tanks, Vegas will be holding some very bad cards...
...addition to overcrowding, the state's corrections efforts are the nation's most expensive - and one of the least effective. The state spends $10 billion annually, or $49,000 per inmate for a year in custody, according to statistics from the nonpartisan policy-advising group Legislative Analyst's Office. Yet, California's recidivism rate is 70%, one of the worst in the country...
Apparel isn't the only thing that will take a hit. Back-to-school shoppers plan to buy less of the basic stuff that students really need. The National Retail Federation forecasts that spending on notebooks, folders, backpacks and lunch boxes will fall 16% this year. Analysts predict that electronic items like personal computers will also see a sales decline. "We expect that it's going to be a disappointing season," says Ashok Kumar, tech analyst at Collins Stewart, an advisory firm. Kumar points out that life cycles of desktop computers are stretching from four years to as much...
...group's new leadership to concentrate its fire west of the border, in Afghanistan. "Baitullah was the one person who was focusing [most] of his attention on Pakistan and trying to create a disturbance here rather than Afghanistan," says Shaukat Qadir, a retired army brigadier turned analyst. "His followers will probably shift focus back to Afghanistan. This is one of the reasons why he lost support among his own tribesmen...
...election which will formalize the military's grip on power, but shorter than the maximum sentence of five years in the notorious Insein Prison. "The generals are trying to manage the anger of both the international community and the people of Burma," says Win Min, a Burma analyst at Payap University in Chiang Mai in neighboring Thailand...