Sunday, December 7, 2008

All that glitters

Columnist J Patrick Coolican, writing in the Las Vegas Sun, ruminates on a gloomy prospect for Glitter Gulch.

"Risk and risk-takers have been celebrated, fetishized, apotheosized in the American economy and culture for two decades......and now it’s come to an end, at least for the time being.

As the recession deepens, economists and psychologists say Americans are cleaving to security. Risk has taken a holiday, and nowhere is it being felt more broadly than in Las Vegas. From Iowans who aren’t dropping as much money into slots, to Nevadans who aren’t buying homes, to casino companies that can’t find financing, Las Vegas is suffering at every level."

Illustrated neatly by Chris Morris.


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