Word: rest
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...Strip, MGM Mirage just sold off Treasure Island for $775 million to billionaire casino operator Phil Ruffin. The cash infusion should help the corporation finish construction on its $9.1 billion CityCenter, the largest private construction job in the U.S. Yet even in the best-case scenario, Vegas - and the rest of the country - won't begin to drive out of the ditch until the end of next year, as consumer spending improves, new hiring resumes and the city's battered construction industry gets back on its feet. The worst case? The recession deepens, and the ditch turns into a cliff...
...casino opening always pumps some energy into Las Vegas. But Vegas shares with the rest of the country the feeling that things will get worse before they get better. Whether Encore signals a new beginning for Las Vegas, the way Wynn's Mirage did in 1989, is not a bet to take lightly. "We're still in a fairly early phase in the downturn," says Schwer. "I don't see Steve Wynn sticking his finger in the dike and holding it back...
...population increased 50%, with new residents attracted by steady employment, no personal income tax and housing that seemed to grow ever more valuable (home prices increased 135% between 2000 and 2006, according to Standard & Poor's). "We thought we had decoupled from the national economy," says Schwer. Unlike the rest of country, Nevada hadn't had a downturn since the 1980s...
...fallout of Detroit dropping its last game, Wood insists, is that the Lions' players will carry a scar for the rest of their lives. "It's embarrassing to me, my family, the city of Tampa, everyone involved," he says of playing for the '76 Buccaneers. "It's a glum, glum feeling, I mean, just an empty feeling." Last week Wood got a call from his brother, who said he just saw the Bucs named the worst NFL team in history on some television program. (Thanks, bro.) "How do you think that made me feel?" Wood asks. "It's hard...
...where President-elect Barack Obama and his family are vacationing. One power plant continued to operate and parts of the island's western sector continued to have electricity. The compound where the Obamas are residing in an $11 million home was reported to have a power generator. But the rest of the island, including the state capital Honolulu, was plunged into darkness and confusion for nearly twelve hours. (See pictures of Barack Obama's family tree...