Word: dollarses
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Inside Harrah's Casino, one of New Orleans' main tourist attractions, men and women are pounding away at slot machines, puffing on cigarettes and freely ordering cocktails, seemingly oblivious to the economic crisis sweeping much of the country. Maybe it's all an escape. "Oh, I don't spend that...
Pisani-Ferry says the financial crisis has been a defining moment for the euro, but he cautions against too much praise. The euro is still some way from dethroning the dollar as a global currency; just 27% of global foreign exchange reserves are held in euros compared with 62% in...
As global demand for Chinese toys, German cars and Japanese electronics has dived, container trade has been hit hard as well, with some 200 vessels now lying idle and many more likely to join them when their current contracts are complete. Container traffic between Asia and Europe is shrinking for...
The Strip's restaurants have seen a proportional decrease along with overall visitor traffic. David McIntyre, vice president of food and beverage at MGM Grand - which counts among its stable of high-end eateries such restaurants as Shibuya, Nobhill and a pair from French maestro Joel Robuchon - notes that visitors...
The flood of potentially frivolous lawsuits, many directed at small businesses of less than 1,000 square feet, can have a profound effect on the local economy. Fearing the costs of a lengthy legal battle, many small-business owners decide to settle with plaintiffs for thousands of dollars. Some can...