Thursday, Aug. 13, 2009 | 2:09 p.m.
Las Vegas' economic downturn is the subject of a cover story in Time Magazine's most recent edition. According to the article:
"For the first time ever, it is possible to complete a monetary exchange in Las Vegas and feel bad for the other person.
"I, however, feel guiltless about taking advantage when someone is down, and Vegas is way down. This has been the first major recession Vegas has experienced since it became a real city. After two decades as one of the fastest-growing metropolises in the U.S., Las Vegas has seen its population growth flatten. It's got the highest foreclosure rate of any major metro area, and the unemployment rate jumped from 3.8% to 12.3% in just three years. Even if you have a job, it's not a good time to have your wage be dependent on lavish tips."
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