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...about to be upgraded to a presidential suite. Then I'm told there are no more rooms of any kind available at The Hotel. When I go to meet a friend by the pool at the Mandalay Bay, it's too crowded to find chairs. All the price-cutting has succeeded: the town is full. This recession business is totally not working...

Author: /time Magazine | Title: Less Vegas: The Casino Town Bets on a Comeback | 8/14/2009 | See Source »

...bail. So MGM Mirage, which owns the most properties on Las Vegas Boulevard - the Strip - ducked and weaved around bankruptcy for six months earlier this year by pumping $140 million, almost a quarter of its monthly revenues, into the project. MGM sold off Treasure Island at a bargain price: Phil Ruffin, the 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...

Author: /time Magazine | Title: Less Vegas: The Casino Town Bets on a Comeback | 8/14/2009 | See Source »

...swearing off Staples and buying all her son's school supplies at a discount store. Her son's private school requires a uniform, but instead of buying an overpriced ensemble directly from the school, Montero plans to go to Target to patch the outfit together for half the price. She also cut off her son's cell-phone service four months ago and won't be restoring it for the school year. "I can't afford to get him the new style all these teenagers are into these days," Montero says. "He's been bugging...

Author: /time Magazine | Title: Back-to-School Shopping Gets Lean And Mean | 8/12/2009 | See Source »

Before he becomes a forgotten footnote in Aung San Suu Kyi's biography, it's worth pausing to consider the price John Yettaw is about to pay for his unauthorized nighttime swim. On Aug. 11, Yettaw, 53, was sentenced to seven years in a Burmese prison for donning a pair of flippers and paddling across a lake to the Rangoon home of Suu Kyi, the prodemocracy dissident and Nobel laureate. (Suu Kyi received an additional 18 months of house arrest for violating the terms of her sentence by sheltering the Missouri native.) Seven years is a stiffer sentence than many...

Author: /time Magazine | Title: Is Hard Labor Really That Bad? | 8/12/2009 | See Source »

Capella Singapore whispers luxury in many tasteful ways, from the understated style of Lord Norman Foster's architecture to the 30-plus varieties of tea served at the Knolls restaurant to the minimum $520 price tag for one of the contemporary Jaya Ibrahim-designed rooms. But there's one respect in which Capella screams its opulence from the rooftops: the space it occupies. The hotel sits on 30 acres (12 hectares) of land on Sentosa island, of which only 37% has been built on. In compact Singapore, that's as ostentatious a gesture as you'll ever...

Author: /time Magazine | Title: Room at the Inn: Capella Singapore | 8/12/2009 | See Source »

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