LAS VEGAS — There are many cities across the country that are beginning to see the first glimpses of the end of the recession.
This is not one of them.
The nation’s gambling capital is staggering under a confluence of economic forces that has sent Las Vegas into what officials describe as its deepest economic rut since casinos first began rising in the desert here in the 1940s.
Even as city leaders remain hopeful that gambling revenues will rebound with the nation’s economy, experts project that it will not be enough to make up for an even deeper realignment that has taken place in the course of this recession: the collapse of the construction industry, which was the other economic pillar of the city and the state.
To read the full, original article click on this link: Las Vegas Faces Its Deepest Slide Since the 1940s - NYTimes.com
Author: ADAM NAGOURNEY
