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Old 02-10-2009, 02:07 AM
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Default 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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Old 02-10-2009, 06:41 AM
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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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Old 02-10-2009, 07:24 AM
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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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Old 02-10-2009, 08:51 AM
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Originally Posted by jjameson922 View Post
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 ?
That $600,000 happens to be our tax money
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Old 02-10-2009, 11:11 AM
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That $600,000 happens to be our tax money
...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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Old 02-10-2009, 11:15 AM
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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!
I feel so sorry for my kidlets - their standard of living is going to suck compared to ours.
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Old 02-10-2009, 11:18 AM
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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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Old 02-10-2009, 11:27 AM
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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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Old 02-10-2009, 11:30 AM
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What don't they understand about the phrase "It will no longer be business as usual"????
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Old 02-10-2009, 11:57 AM
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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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