(Foreign Policy) Brazilian President Jair Bolsonaro has postponed the appointment of a new justice minister after numerous news reports suggested Bolsonaro loyalist Jorge Oliveira would be the favorite for the role. Then, practically overnight, the glittering Vegas strip shut down, throwing thousands of waiters, bartenders, hotel cleaners and casino workers out of work, often without severance or benefits, and leaving the most bustling and storied stretch of the state’s economy boarded up and empty.īolsonaro Pulls Back Justice Minister Pick as Critics Cry Foul “We have no frame of reference for what we are seeing.” Before the crisis, Nevada’s economy was one of the fastest growing in the country. “From an analytical standpoint, this is unprecedented,” said Jeremy Aguero, a principal analyst with the firm. Applied Analysis, a Las Vegas-based economic research firm, estimates the city’s current jobless rate to be about 25 percent-nearly double what it was during the Great Recession-and rising. Nearly 350,000 people in Nevada have filed for unemployment benefits since the crisis began, the highest number in the history of the state. Most of those jobs cannot be done from home. (NYT) As the bottom fell out of the American economy, few places were hit harder than Las Vegas, where a full one-third of the local economy is in the leisure and hospitality industry, more than in any other major metropolitan area in the country.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |