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02-10-2009, 02:07 AM
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Member
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Join Date: Mar 2008
Location: Las Vegas NV
40 posts, read 31,399 times
Reputation: 23
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Goldman Sachs moves meeting from Las Vegas
As expected, yet another company deciding not to hold their annual conference here. Just another reason why Las Vegas should've and still should diversify it's industries so that it isn't reliant on just tourism which's fine only in good economic times. People have said Las Vegas is recession proof. I wonder if those people still believe that.
Goldman Sachs moves meeting from Las Vegas - Yahoo! News
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02-10-2009, 06:41 AM
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Señor Member
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Join Date: Mar 2007
Location: Beautiful Upstate NY!
5,274 posts, read 3,559,885 times
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Big companies (especially those being bailed out) at Las Vegas do not make for good press these days. Another blow to LV, due to the economy, and a tarnish to LV's shine.
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02-10-2009, 07:24 AM
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Senior Member
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Join Date: Oct 2007
544 posts, read 306,335 times
Reputation: 138
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It would be very interesting to see if it is true whether or not Goldman had to pay a $600,000 forfeiture fee to get out of the contract. If that's true, can't see how paying that and then moving it to S.F. is cost effective ?
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02-10-2009, 08:51 AM
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Senior Member
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Join Date: Jul 2008
654 posts, read 288,844 times
Reputation: 233
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Quote:
Originally Posted by jjameson922
It would be very interesting to see if it is true whether or not Goldman had to pay a $600,000 forfeiture fee to get out of the contract. If that's true, can't see how paying that and then moving it to S.F. is cost effective ?
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That $600,000 happens to be our tax money 
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02-10-2009, 11:11 AM
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Señor Member
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Join Date: Mar 2007
Location: Beautiful Upstate NY!
5,274 posts, read 3,559,885 times
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Quote:
Originally Posted by drinkme
That $600,000 happens to be our tax money 
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...and that of our children, grand-children and great grand-children, by the time the interest collects on it! All these $750B, $1T, $850B figures being thrown around...and then mentioning that we'll have more take-home pay starting in June??? Where does this money come from, other than being borrowed from our future generations!
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02-10-2009, 11:15 AM
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Senior Member
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Join Date: Feb 2007
181 posts, read 86,766 times
Reputation: 97
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Quote:
Originally Posted by jfkIII
...and that of our children, grand-children and great grand-children, by the time the interest collects on it! All these $750B, $1T, $850B figures being thrown around...and then mentioning that we'll have more take-home pay starting in June??? Where does this money come from, other than being borrowed from our future generations!
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I feel so sorry for my kidlets - their standard of living is going to suck compared to ours.
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02-10-2009, 11:18 AM
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Senior Member
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Join Date: Apr 2007
Location: Las Vegas
1,695 posts, read 1,225,282 times
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The extravagance of Las Vegas and companies coming here for a meeting on taxpayers money just don't gel nowadays and it's bad press.
Wells Fargo cancelled it's Las Vegas junket for the same reason.
Wells Fargo cancels Las Vegas trip - U.S. business- msnbc.com
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02-10-2009, 11:27 AM
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Senior Member
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Join Date: Feb 2007
181 posts, read 86,766 times
Reputation: 97
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How is San Francisco really cheaper than Vegas is right now? Why do they have to go *anywhere* for a conference if that's the issue?
It has to be an image thing...
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02-10-2009, 11:30 AM
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Señor Member
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Join Date: Mar 2007
Location: Beautiful Upstate NY!
5,274 posts, read 3,559,885 times
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What don't they understand about the phrase "It will no longer be business as usual"????
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02-10-2009, 11:57 AM
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Saepe errans, num quans hesitans
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Join Date: Sep 2006
Location: NW Las Vegas - Lone Mountain
9,953 posts, read 8,897,090 times
Reputation: 1310
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I would have little trouble if the event was cancelled. I would however have a lot if it was simply moved this close in. That costs a fortune in a mess of ways. Airline fares for instance.
I would suggest that the good Senator Reid take a look. Perhaps if not in Las Vegas it would be better cancelled.
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