On Taxation and Socialism

General discussions of interest to readers and fans of Harlan Ellison.

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Postby Moderator » Thu Mar 26, 2009 11:45 am

Paul,

Actually, yeah. Vegas is reeling. The downturn in property values and job losses in general have gone from boom to bust in two years' time. Whole neighborhoods are relatively vacant, which makes for a really freaky Tim Burtonesque experience as you drive through them.

In particular, the casino building boom which has gone on for years has left the major companies with a huge debtload with significantly reduced tourist traffic -- and there are five major new properties due to enter the market by the end of the year.

1) MGM is staggering under the debt and construction work on CityCenter. Their 50% partners, essentially the Government of Dubai, are having trouble with their own financing (!!!). MGM recently sold Treasure Island for a low-end offer jst to maintain cash flow.

2) Station Casinos and Tropicana are both in bankruptcy.

3) Las Vegas Sands -- which operates the Venetian/Palazzo complex -- has seen its stock price drop by 95% and are offering stunning discounts on their rooms.

4) Harrah's has stopped internal construction on the new Caesars Palace tower.

5) Boyd has stopped construction mid-tracks on their new multibillion dollar Echelon project after destroying the Stardust to make way for what is now a large lot with rusting girders in it.

6) The entire multibillion dollar PLAZA project is on indefinite hold after themselves nuking the Frontier.

7) Entering the market, as I mentioned above, are the massive new hotels FONTAINBLEU; ARIA; COSMOPOLITAN; a major expansion of the HARD ROCK; and the M RESORT which just opened.

Trust me-- there's as much (if not more) financial pain in Vegas as in most cities that size. The local casinos, like those here in California, have been doing much better as people cut back on vacation expenses. Passenger traffic at McCarren Airport is down 15% year over year.
- I love to find adventure. All I need is a change of clothes, my Nikon, an open mind and a strong cup of coffee.

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FrankChurch
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Postby FrankChurch » Fri Mar 27, 2009 7:51 am

But how are the strip clubs doing?

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Postby Moderator » Fri Mar 27, 2009 10:10 am

FrankChurch wrote:But how are the strip clubs doing?


There are some really good puns I'm going to ignore here.
- I love to find adventure. All I need is a change of clothes, my Nikon, an open mind and a strong cup of coffee.

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Postby Moderator » Fri Mar 27, 2009 10:12 am

More Vegas bad news.

http://news.yahoo.com/s/nm/20090327/bs_ ... citycenter

CityCenter may file for bankruptcy.
- I love to find adventure. All I need is a change of clothes, my Nikon, an open mind and a strong cup of coffee.

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Postby David Loftus » Fri Mar 27, 2009 10:52 am

Barber wrote:
FrankChurch wrote:But how are the strip clubs doing?


There are some really good puns I'm going to ignore here.



But I'm not.

Business is not taking off.

It is so not-hot, it's in the pole-ar regions.

They can't even dance to Bach's Hair on a G String.


[ SOMEBODY, STOP ME! ]
War is, at first, the hope that one will be better off; next, the expectation that the other fellow will be worse off; then, the satisfaction that he isn't any better off; and, finally, the surprise at everyone's being worse off. - Karl Kraus

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Chuck Messer
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Postby Chuck Messer » Fri Mar 27, 2009 6:11 pm

STOP!

Wow, check out the reverb!


Chuck
Some people are wedded to their ideology the way nuns are wed to God.

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Postby cynic » Thu Apr 09, 2009 8:09 pm

hey chuck,
how ya doin' guy?
pretty impressive.
the echo died out days ago,and you can still hear a pin drop in here.
follow your bliss,mike

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Postby cynic » Wed Apr 15, 2009 2:55 pm

Taxing, a Ritual to Save the Species
http://www.nytimes.com/2009/04/14/scien ... ?th&emc=th
follow your bliss,mike

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Postby Moderator » Wed Apr 15, 2009 6:32 pm

Wow.

National Teabagging Day!!!

Teabag someone you love.
- I love to find adventure. All I need is a change of clothes, my Nikon, an open mind and a strong cup of coffee.

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Postby Alan Coil » Wed Apr 15, 2009 8:17 pm

I teabagged my dog.

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Re: On Taxation and Socialism

Postby NeonMosfet » Thu Jun 11, 2009 10:06 am

What is tea bagging?
Myopia Through Convexed Harlequins

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Steve Evil
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Re: On Taxation and Socialism

Postby Steve Evil » Thu Jun 11, 2009 10:41 am

Dipping something in hot water and adding sugar.

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FrankChurch
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Re: On Taxation and Socialism

Postby FrankChurch » Thu Jun 11, 2009 11:51 am

My teabags taste like Clams Casino.

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Re: On Taxation and Socialism

Postby Coil 2.0 » Thu Jun 11, 2009 2:55 pm

NeonMosfet wrote:What is tea bagging?


Don't tell anyone that I know this. :cry:

Definitions 3 and 4 pertain to, this discussion.

http://www.urbandictionary.com/define.p ... =teabagger

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Re: On Taxation and Socialism

Postby Moderator » Thu Jun 11, 2009 4:53 pm

Yeah. I used the phrase with my wife and her friend, expecting that it was more well-known than it is.

Explaining the term in a gentle, ungraphic way isn't all that easy...
- I love to find adventure. All I need is a change of clothes, my Nikon, an open mind and a strong cup of coffee.


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