• law.dawg
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Well, the stock market has had a wild past few days, and that is putting it mildly.  Unless you have been living under a rock, you should already know that Standard & Poor’s downgraded the the United States’ credit rating from “AAA” to “AA+” last Friday (we are now ranked below: Australia, Austria, Canada, Denmark, Finland, France, Germany, Netherlands, Norway, Singapore, Sweden, Switzerland and the United Kingdom).

On Monday, investors reacted poorly to the downgrade – the Dow Jones industrial average lost 636 points, the worst single-day decline in three years and the sixth-steepest single-day decline ever.  It looks like the Dow is doing a little better so far today, but it stocks have still lost approximately 15 percent of their value in just 2½ weeks.

However, according to a VegasInc.com interview published this morning, Jim Murren – the Chairman and CEO of MGM Resorts International says that “so far the company hasn’t been affected by” the Wall Street rollercoaster ride. 

That sounds like good news for MGM, but what do you all think this means, if anything, for the rest of Las Vegas and specifically, for the lawyers here?

Oh yea, and in other news: Henderson City Attorney Elizabeth Quillin accepted a $99,500 severance package and resigned Monday following her May DUI arrest.

law.dawg

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