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...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...

Author: /time Magazine | Title: The Good Times Stop Rolling: Vegas Meets the Recession | 12/29/2008 | See Source »

...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...

Author: /time Magazine | Title: The Good Times Stop Rolling: Vegas Meets the Recession | 12/29/2008 | See Source »

...diversified its economy. As the visitor rate dropped 10% in October, average daily room rates fell 14% and gaming revenue dove 26%. The hotel-casino downturn sent ripples across the city that turned into a tsunami. "In our union halls, 30% of members were what we call travelers," says Steve Holloway of the Las Vegas chapter of the Associated General Contractors of America. "They came here for the work, and now they're going home." The construction industry alone employs 10% of Las Vegas's population...

Author: /time Magazine | Title: Behind Vegas's Bad Bet | 12/29/2008 | See Source »

...Detroit's players may face a lifelong pall by falling to the Packers. Or they could steal a page out of Steve Spurrier's playbook and laugh about their dubious place in history. Spurrier, the head coach at the University of South Carolina, who won a national title at Florida and also coached the Washington Redskins from 2002 through 2003, was the quarterback on that winless '76 Buccaneers team. He's a bit more lighthearted about the whole experience and enjoys being remembered for something...

Author: /time Magazine | Title: How Can Detroit Go Winless in Today's NFL? | 12/28/2008 | See Source »

...their power, the Madigans don't exactly embrace the notion that they constitute a political line of succession. "Calling them a dynasty, I don't know if that's unfair," says the elder Madigan's spokesman Steve Brown, who has been with his boss for 26 years. "He's powerful, but he wields that power with respect and, more importantly, by talking to people. He doesn't use his power as a big hammer over someone's head...

Author: /time Magazine | Title: An Illinois Dynasty Versus Blagojevich | 12/26/2008 | See Source »

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