Word: resorted
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...trading near zero despite the Fed's previous target of 1%, the decision does not actually change rates and only sends a negative message about the state of the economy. That worsens confidence. And now the target rate has nowhere else to go, so the Fed will have to resort to new means to increase liquidity - a painful irony, since liquidity is not even the problem. (Read TIME's top 10 financial collapses of the year...
...then, as if on cue, here comes Steve Wynn. Three days before Christmas, he opened the new addition to his swanky Wynn Las Vegas resort, a $2.3 billion, 2,034-room playground called Encore. The new property is easily the most decorative and jubilant in the city; it lets in an abundance of natural light while somehow managing to keep the view of a struggling city...
...World for Cheap. Expedia is having a winter sale, with hotel discounts of up to 50% off at properties around the world. A four-day trip to Cancun, including airfare and a room at the Gran Melia Resort, starts at just $666 per person. Airfare plus four nights at the W Hotel in New York City starts at $544 per person. Expedia has separate Web pages for people who prefer urban travel and those who like a sunny beach. Book before Feb. 11, 2009. (See 10 things to do in New York City...
Good Times. Want to see how they kicked back in the good ole days? The Castle Hill Inn and Resort in Newport, R.I., a Relais & Châteaux hotel located in a restored mansion overlooking the ocean, is offering a "Gilded Age Package" complete with a midnight champagne tour at the Newport mansions. Book two nights and get a welcome gift in-room; a private tour of the Breakers and Elms mansions; afternoon tea; a three- or five-course gourmet dinner; gourmet breakfast; and a one-year membership to the Newport Preservation Society, which gives you free admission...
...Qureshi was born on June 22, 1956 to a wealthy landholding family in Murree, a hilltop region often used as a summer resort. According to the BBC, his family claims to be of saintly lineage. Qureshi's father was also governor of the Punjab region in the mid-1980s. With regards to his background, Qureshi has said: "Lineage is still important, but it is no longer paramount. Now everybody has to win the vote...