bog wrote on November 02, 2008 06:25 PM: re:casinocon

have you been living under a rock for the last 15 years or something; dunes, sands, hacienda, desert inn, aladdin were all vegas icons too but they were all destroyed for bigger things. Boyd saw wynn, bellagio, mandalay bay and venetian and wanted a piece of that pie, you can't blame them for that. Did they bite off more than they could chew, probably

Jobs wrote on November 02, 2008 04:06 PM: Elliott Parker, Ph.D., who is a Professor of Economics at the University of Nevada-Reno. Using data from the U.S. Department of Commerce’s Bureau of Economic Analysis, Dr. Parker first compared the economic performance of Republican and Democratic presidencies from 1929 through the end of 2005. He found that the Real GDP Growth Rate (annual average) was 1.9% for Republican administrations and 5.1% for Democratic administrations during this time. Real GDP Growth Rate Per Capita was .7% for the Republicans and 3.8% for the Democrats. However, the professor pointed out that the years comprising the Great Depression and WWII should probably be excluded from the comparison. So economic performance from 1949 (end of Truman administration) to 2005 was compared, which showed Real GDP Growth Rate (annual average) under Republican administrations now stood at 2.9% and Democratic administrations at 4.2%. Real GDP Growth Rate Per Capita was 1.7% for the Republicans and 2.9% for the Democrats. These results prompted Dr. Parker to conclude that “the economy has grown significantly faster under Democratic administrations, and more than twice as fast in per-capita terms.”

The University of Nevada-Reno economics professor also uncovered the following while conducting the economic comparison between Republican and Democratic presidential administrations from 1949 to 2005:
• Unemployment Rate- Republicans 6.0%, Democrats 5.2%
• Change In Unemployment Rate- Republicans +0.3%, Democrats -0.4%
• Growth of Multifactor Productivity- Republicans 0.9%, Democrats 1.7%
• Corporate Profits (share of GDP)- Republicans 8.8%, Democrats 10.2%
• Real Value of Dow Jones Index- Republicans 4.3%, Democrats 5.4%
(in logarithmic growth rates)- Republicans 2.8%, Democrats 4.4%
• Real Weekly Earnings- Republicans 0.3%, Democrats 1.0%
• CPI Inflation Rate- Republicans 3.8%, Democrats 3.8%

vegas insider wrote on November 02, 2008 12:49 PM: The stardust was a dump-good riddance!

casinocon wrote on November 02, 2008 11:07 AM: Boyd made a horrible decision in ANY economic climate -- destroying an icon for a speculative resort. ANYONE in their right mind would be like -- WHAT??? Implode the STARDUST (one of the best casino name and brands ever) for a place called ECHELON (one of the stupidest names ever -- not even good for a modest condo tower) Face the facts, stupidity is stupidity, whether you are broke or flush.

tvegas wrote on November 02, 2008 08:57 AM: To Balto Bob;

You play slots and you say your not stupid?

LOL

Balto Bob wrote on November 02, 2008 06:12 AM: I live in Maryland!!
The slots bill we vote on Tuesday returns 87%!!! to the player. Maryland with tax 67% of the profit. NO free drinks or rooms!! You couldn't pay me to play here. I don't play in DE or PA. I will be at Harrahs
(Vegas) for 6 nights in December. I play slots. I'm not STUPID!!!! just too lazy to learn table games.

Tio wrote on November 02, 2008 04:54 AM: No regrets? I guess if you truly believed that Las Vegas was recession proof and not dependent on tourism then you're right on the money. Wow, if you guys really mean that then demolish another viable profit making enterprise in order to sit on non-income generating real estate you will have to pay taxes on for years until things "turn around". No point in being honest in a fluff piece. It would be too much reality to admit that you got caught in the bursting bubble with everybody else. "This is the business we've chosen."