Monday, November 30, 2009

Dubai on hold, Vegas on rebound?

After several years of fast-paced growth, development in Dubai hit the skids with about 400 projects put on hold because of a lack of funding for them. Meanwhile, in Las Vegas, the opening of the $8.5 billion City Center resort on Tuesday could be the beginning of the turnaround for the glitz capital of the world.

So, what do you see ahead for the economy of Las Vegas, Dubai or your neck of the woods? Is the worst over in the U.S. but still to come in other parts of the world? Or are you bracing for another downturn before things fully recover?

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