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That volatility was all positive and profitable as Las Vegas morphed from a place where people went just to gamble and get a lap dance to a destination where middle Americans wanted to vacation. It became so mainstream that even the Southern Baptists had a convention in the city. "Visitors were coming to hotels at rates of 90% - a signal to expand," Schwer explains. "And interest rates dropped, so there was readily available cash to do just that." Jan Freitag, a hotel analyst at Smith Travel Research, agrees: "There was the sense that if you build it, they will come...

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

...supposed to see Pete the day he died. But five minutes before I arrived, he passed away. I missed my chance to say goodbye. I went over to the wheelchair where he was resting and said some final words. It was the most surreal experience of my life. I'm not a very demonstrative guy, but I couldn't control my emotions that day. I lost a father figure. Basketball lost a dear friend...

Author: /time Magazine | Title: Pete Newell | 12/29/2008 | See Source »

...group. Obama was wearing a casual cream-colored shirt tucked into olive shorts and sandals. The Obamas and friends were seen attending the dolphin show, tourists said, which featured dolphins and their trainers in a large tank overlooking the ocean. About five hours after they got home, the lights went...

Author: /time Magazine | Title: Protecting Obama When the Lights Go Out | 12/28/2008 | See Source »

Saturday was more of the same, once the lights were back on. Obama, accompanied by his wife Michelle and Chicago friends Valerie Jarrett, Eric Whitaker and Martin Nesbitt, went to the Semper Fit Center for a morning workout. When Obama emerged at about 8:45 a.m., his Chicago White Sox cap worn backward, he briefly flashed the "shaka," a Hawaiian gesture that means everything from "hey there" to "hang loose...

Author: /time Magazine | Title: Protecting Obama When the Lights Go Out | 12/28/2008 | See Source »

...noon Sunday two Israeli Apache combat helicopters hovered in the air two miles east of Sderot, an Israeli town less than four miles from the border with the Hamas-ruled Gaza strip. Below the choppers, a dozen Israeli spectators perched on a hilltop watched with anticipation. A minute went by and the first Apache fired a Hellfire missile, which went rumbling into the Palestinian side of the border. A few seconds later the crowd broke into cheers at the resulting sight: somewhere between the Jibalya refugee camp and the outskirts of Gaza city a ball of heavy black smoke...

Author: /time Magazine | Title: Gaza Border: Israelis Cheering the Attacks | 12/28/2008 | See Source »

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