When the economy collapsed, our construction company was in Calgary, but the U.S. was further along in the recession, so I made the move down to Vegas.
Me and my family growing up, we cleared our land built our homes and all that. So, I was very well knowledgeable in the construction world. That turned into a commercial development company and construction company.
At our company, our Design and Construction Consulting Service Team not only helps eliminate the risks inherent in the construction process, they typically save our clients 5% - 10% on overall construction costs. They also help make sure projects come in on time.
At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the Great Recession, or the technology bubble and the early 2000s recession. There are no such imbalances today.
We got into a recession because the global economy went into the recession and we're a big exporting nation.
In terms of the economy, look, I inherited a recession, I am ending on a recession.
The last thing you want to do is raise taxes in the middle of the recession because that would just suck up and take more demand out of the economy and put businesses in a further hole.
The 2008 economic crisis and Great Recession forced widespread restructuring throughout the U.S. economy - not unlike a company gritting its teeth through a lifesaving bankruptcy.
I believe strongly that we need a finance industry that is good for the economy, and I don't think anybody would argue that during the eight years leading up to the Great Recession, a lot of bets were made [and] risks taken that weren't good for the economy.
Burnout comes easy in the high-pressure world of television, and when the opportunity arose to move to Las Vegas and bring my friends and star chefs to open their restaurants at the Venetian, I made the move here.
This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.
My company was based in Palm Beach, Florida, but when 'Bar Rescue' took off, I knew I had to move west. It was a choice between L.A. and Vegas. I have a lot of friends in Vegas, and it became my choice. I'm so glad because I love it here. There's a real sense of community. It's a big town that feels like a small town. Everybody knows everybody.
Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go.
Poem (Lana Turner has collapsed!) Lana Turner has collapsed! I was trotting along and suddenly it started raining and snowing and you said it was hailing but hailing hits you on the head hard so it was really snowing and raining and I was in such a hurry to meet you but the traffic was acting exactly like the sky and suddenly I see a headline LANA TURNER HAS COLLAPSED! there is no snow in Hollywood there is no rain in California I have been to lots of parties and acted perfectly disgraceful but I never actually collapsed oh Lana Turner we love you get up
I was an advocate of the deregulation movement and I made - along with a lot of other smart people - a fundamental mistake, which is that deregulation works fine in industries which do not pervade the economy. The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit.
Canadians no longer have any financial room. Half of Canadians are $200 away from insolvency. They are facing a slowing economy with a diminishing number of jobs, and a rising cost of living to go along with it. That is the consequence of the Trudeau, Morneau tax-and-spend agenda, which is driving our economy down.
Experience shows that a recession is never the result of just a few large industries dragging the economy down while the others continue to expand.