Word: nevadas
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Dates: during 2000-2009
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...standard unemployment number excludes both those who have given up looking for a job and those who have taken part-time jobs but want full-time work. Include them and the number jumps to 20% or higher in states such as Michigan, California, Rhode Island and Oregon, with Tennessee, Nevada and other states in the high teens...
...recession has hit everything from philanthropy to stripping to the solvency of Nevada. Because Nevada has no income tax and relies almost entirely on taxing casino owners, the state is nearly bust. Governor Jim Gibbons, a Republican, whom only 11% of voters say they would re-elect, tried to turn down federal stimulus money, was accused of cheating on his wife and lost control of the legislature, having his vetoes overridden more times than any other Nevada governor. Budget cuts have closed the only hospital cancer wing for uninsured patients. "We're on the bottom of every bad list," says...
...Vegas aren't nearly as depressed as those in far less devastated cities. "This is a town built on hopes and dreams, and people don't give up hopes and dreams when there's a recession," says Neal Smatresk, executive vice president and provost at the University of Nevada at Las Vegas. Anyone who has ever stood at a craps table knows that losers always believe they're one roll of the dice from starting a winning streak...
...good" news is that the worst of the problem is fairly concentrated geographically. Places where house prices have fallen the most have been hit the worst. That includes states that saw the wildest speculation and overbuilding - like California, Florida, Arizona and Nevada - and those that have been gutted the worst economically, such as Ohio and Michigan...
...turf war across Scandinavia involving the Hells Angels in the 1990s reportedly included attacks with machine guns, rocket launchers and grenades and cost close to a dozen lives. More recently, three bikers were killed during a massive brawl between the Hells Angels and the rival Mongols gang at a Nevada casino in 2002. In 2007, a woman was found severely beaten at the door of the group's fortified headquarters in New York City's East Village; heavily armed police raided the building with helicopters hovering overhead, but no charges were immediately filed. As a result, authorities are accustomed...