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...years ago, it seemed that the memories of the Fontainebleau's heyday - when the likes of Jackie Gleason, Frank Sinatra and Marlene Dietrich used to luxuriate among its marble columns - were about all the tired resort had left. But after a sumptuous $1 billion renovation, the Fontainebleau is making its comeback this weekend with a $5 million, celebrity-drenched celebration...
Such lavish revelry, however, seems out of place during the worst economic crisis since the Great Depression. This isn't exactly a propitious time to bank on the renaissance of a 1,500-room resort whose in-season rates start at $399 a night. "In this economy, what are they thinking?" the Miami Herald asked in a front-page article this week. And in Miami - which last month had the nation's third-highest number of home foreclosures - residents may find it outright offensive to hold a power party whose posh, satin-lined box invitations alone cost $70 a piece...
...more than doubled to 31 - and now the global credit crisis is threatening to topple at least one of them. Adelson's company, Las Vegas Sands, has undertaken an aggressive expansion plan over the past few years, winning the bid to build the $4.6 billion Marina Bay Sands casino-resort in Singapore and developing a $743 million casino-resort in Pennsylvania, among other projects. The credit crisis has left the overextended company in danger of defaulting on $5.2 billion of loans secured by its Las Vegas operations. Last week, the company said it would work towards completing the Marina...
...Indonesia Protests over Bali Bomber Executions Three perpetrators of the 2002 nightclub bombings that killed 202 people on the resort island of Bali were executed Nov. 9, prompting demonstrations by Islamic radicals who gathered at their funerals to vow revenge and hail the dead--Imam Samudra, Amrozi bin Nurhasyim and Ali Ghufron--as martyrs. Southeast Asian terrorism experts expressed concern that the executions could inspire future attacks and criticized government officials for allowing sympathy for the bombers to grow as the case dragged on. Still, the threat posed by the group behind the attacks, Jemaah Islamiah, is believed to have...
...Nevertheless, with his advancing age, toothy smiles, and acknowledged struggle with hair loss, Berlusconi still will have a counterpart to turn to in Washington: Vice President Joe Biden. They may both have to resort to gaffes to get a piece of the limelight...