USA Today on penny slots

There’s a big piece in today’s USA Today about penny slots:

The penny slot machine, once a joke among serious gamblers, is the hottest form of betting during this recession.

Even casinos that cater to wealthy gamblers are replacing $1 machines with video slots that accept bets one cent at a time. “You can play longer with less money on penny slots,” says Ed Feigenbaum, editor of Indiana Gaming Insight, a newsletter.

The penny machines accounted for 36% of bets at Indiana casinos in July, up from 8% in 2005.

USA TODAY examined gambling data in seven states and found penny slot revenue soaring everywhere. National numbers are not available.

Las Vegas was slow to pick up on the trend to penny slots, but it has jumped on board, too. In the past two years, Nevada casinos have added more than 7,000 penny slot machines and removed 12,000 machines that require bigger bets.

via Casinos earn coin from penny slots – USATODAY.com.

As far as playing longer with less money goes, I don’t think so. I’ve already broken this down, but apparently it hasn’t bubbled up into the public consciousness yet. Here goes:
In 2008, the average Nevada penny slot machine had a hold percentage of 10.22%

The top bet on penny machines usually runs between 100 and 500 credits, though it can go even higher.
For the sake of argument, let’s take a conservative 200 credits as the max bet. This is what most players will play, since it gives them the greatest chance of unlocking the bonus rounds.
200 credits means $2.00 bet per spin. The average slot players spins the reels ten times in a minute. That means $20 a minute is being played through.
At 10.22% hold percentage, this means that after a minute of play the casino will hold (on average) $2.04.
That’s $122.64 over an hour of continuous play. One hundred dollars–my arbitrary benchmark buy-in–will last about 48 minutes and 50 seconds.
——-
In 2008, the average Nevada quarter machine had a hold percentage of 6.11%
The top bet on most quarter games is 3 credits, or 75 cents per spin. The average slot players spins the reels ten times in a minute. That means $7.50 a minute is being played through.
At 6.11% hold percentage, this means that after a minute of play the casino will hold (on average) 46 cents.
That’s $27.60over an hour of continuous play. One hundred dollars–my arbitrary benchmark buy-in–will last about 3 hours, 47 minutes and 20 seconds

Clearly, it “costs” substantially more to play penny slots with max credits than it does to play quarters. And this was with a conservative 200 max bet plugged in. If you’re playing a 500 credit machine, you’ll be “paying” on average $306.60 for an hour’s play. Yes, if you’re dribbling in the credits and playing very slowly you could milk a penny machine for a few hours. But if you’re playing with any intent to get a jackpot that actually matters, you would be better off (from a bankroll perspective) playing a quarter or even dollar machine. From an entertainment perspective, you may do better with the pennies.

By not disclosing that penny slots typically have far worse hold percentages than higher denominations, this article suggests that the player is better off playing them. As I said, this may be true from an entertainment perspective, but it certainly isn’t if you’re using time on device as your yardstick for value. I would think that this was an important part of the equation.

And as far as penny slots being the new thing in Las Vegas, they aren’t. Here’s the breakdown of Nevada’s statewide slot mix for 2008:

Denom # of machines percentage of market
1 cent 35,842 20.87%
5 cent 10,973 6.39%
25 cent 21,633 12.59%
1 dollar 14,411 8.39%
M-Deno 83,245 48.48%
Other 5,589 3.25%

As you can see, multi-denomination machines are what’s big now. They’ve gone from about 11% market share in 2002 to nearly 50% in 2008. Penny slots have increased impressively, but according to the numbers there are more than twice as many multi-denoms out there. Granted, these machines can act as penny slots, but they are clearly the dominant presence.

My final critique involves the idea that penny slot revenue has increased despite the recession. Here’s the pith of that point from the USA Today article:

Revenue from every form of gambling has fallen in Nevada during the recession — except penny slots. Penny slot revenue was up 3% in the year ending June 30. The 32 other types of gambling tracked by Nevada regulators — from sports betting to roulette — plummeted 19%.

It is true that penny slot revenues have increased, but that’s because the installed base has increased. For example, in June 2009, for all Nevada casinos:
39,089 penny slots, winning $155,209,000 for the month, an increase of 0.51% over the previous June. However, from June to June Nevada added 3,797 penny slots, an increase of 10.53%.

When you add 10 percent more product but do a half-percent more sales, you are becoming less profitable per unit. Indeed, revenue per unit for the month of June 2008 was $4,365. In June 2009, it was $3,970. So revenue per penny slot actually fell by 9%.

That’s not as bad as some other games (craps, which had the same number of games, saw its revenue decline by 15 percent). But it’s hardly the out-of-the-park home run that is suggested by the rather narrow reading of the Nevada revenue numbers by the author. At best, you could say that the penny slots out-performed the gaming revenues at large, which lost 13.86%, though that number is tempered by fewer games and slots. All in all, “same position sales” indicate that penny slots did slightly better than all other forms of gambling in Nevada.

Book review: Misconception

Ryan Boudinot. Misconception. New York: Black Cat, 2009. 224 pages.

Misconception is a novel in the form of a memoir with a twist: we get the same story from two perspectives. But this isn’t just a case of he said, she said: it’s a thought-provoking exploration of both memoir and memory.

The memoir sections deal with a summer in the late-1980s, as 13 year-old Cedar and Kat explore a relationship. With the exception of what seems an inordinate obsession with masturbation, this reads like any other boy-meets-girl. But there is a twist (which I won’t give away), and what seems to be the truth isn’t necessarily so.

The novel starts out strong. Boudinot is a talented writer, and the book is well-written, with many memorable turns of phrase. Having one of the characters (Kat) write several chapters as a memoir in Cedar’s voice is a fascinating exercise. Boudinot definitely made her and Cedar’s voices distinct. But it doesn’t hold together quite well as a novel–there’s just the sense that something is missing. And the last twenty pages seemed mean-spirited for the sake of it. Like the pervasive masturbatory meme, this feels not like honesty or even verisimilitude, but an appeal to cheap shock value.

Bottom line: I’d definitely put this book on a reading list for a writing class, simply because of Boudinot’s sure style and innovative technique. Reading for pleasure, though, is another story.

Gambling can save your marriage!

A columnist in the St. Augustine Record has a prescription for women who are dreading the return of football season: gambling!

You can bridge this gap with one of the greatest relationship problem solvers I know: gambling.

Thats right. A few interesting wagers can easily return your family from football fan and widow to weekend playmates.

Heres one: Each of you pick five games a week. College, pro, whatever. Five games, five winners. Doesnt even have to be the same games. Whoever picks the most winners each week is the champ.

Ive seen couples do this and make all kinds of wild bets. Some bet chores. Guys, wouldnt it be awesome to have a beer and watch your wife mow the lawn? Some bets get a little more creative. Girls, how nice does a foot rub from your man sound? Some even involve the bedroom. Use your imagination — this is a family column, people.

The great thing about football is that even the dorkiest expert cant accurately predict every game. So even if you dont know Peyton Manning from the Publix checkout dude, you really still have a shot.

So take heart, football widows, you have hope. Summer might be drawing nigh, but you dont have to be the big loser. In fact, this year you might even come out a few foot rubs and dinners ahead.

via staugustine.com: the oldest city’s home on the Net.

I like that this considers gambling in a broader cultural context. I wonder, though, if the NFL will try to penalize people wagering foot rubs and dinners on the outcome of games. After all, the league has taken a firm stance against betting on games.

The funny thing is that if you consider the foot rubs a service, then technically this is illegal in most states: you are exchanging something of value. Otherwise, you could avoid prosecution for bookmaking by switching from a cash to a barter system. It doesn’t seem practical to me, but I’m sure there’s some financial whiz who could make it work.

Consequences of carpet-bagging

Well, it looks like the Time magazine cover story from a few weeks ago has scored some collateral damage. From the LV Sun:

A Las Vegas real estate agent who landed a prominent role in a Time magazine cover story is being scrutinized by state licensing officials because of her comments, has left her employer and is lying low.

The story by Joel Stein in the Aug. 24 issue, “Less Vegas,” is a high-spirited and high-altitude view of the troubles facing Las Vegas, which he calls both “our most American city” and “an entire city of John Dillingers.”

In the story, Brooke Boemio — “a bouncy, sweet, recently remarried 31-year-old mom” — is cast as one of the Dillingers. She helps Stein break into a foreclosed home and brags about helping clients who are underwater on their mortgages buy a second house on the cheap and stop making payments on their first mortgages, pressuring the bank into selling the houses for a loss. Everybody’s doing it, she says in the story. In fact, she said, she did it herself.

Since the story appeared, Boemio and her employer have, in the words of Coldwell Banker Wardley Real Estate President Jeff Sommers, “parted ways.”

Sommers also said his company has conducted an internal investigation and has been unable to find any cases of Boemio engaging in the behavior described in the story. The buy-and-bail tactics described in the story, he said, are serious allegations and “really just in direct opposition to everything in our policies.”

In a further statement released online, Sommers said Boemio told him she had been misquoted and misrepresented by Time.

Unflattering Time magazine story puts agent in hot water

There’s an interesting comments thread on the story, which only adds dimension to it. Naturally, there’s the CYA by the company in question, as well as all sorts of allegations about what “really goes on” in the real estate game.
In this case, the “carpet-bagger” journalist has apparently left some big trouble in his wake.
As I see it, there are 2 options:
1. The agent in question isn’t too bright, and discussed unethical practices with apparent blithe glee to a reporter.
2. The reporter greatly exaggerated what the agent said, or deliberately misquoted her.
Not knowing the agent or reporter personally, I don’t know which is the likelier scenario, and if the agent’s apparent termination is a miscarriage of justice or just deserts. But it is never a bad idea to be cautious when you’re speaking to a reporter.

Today I had a call from someone who wanted me to say, based on my comments in this story, that City Center would “destroy” every other hotel in town.

I responded that this probably won’t be the case. “There’s no need to get apocalyptic,” was my exact quote. In fact, it comes down to simple economics: you’re putting more supply on the market, and unless you can create more demand, the price will fall. I don’t think there’s any way out of that equation.

There seem to be two extremes out there: either City Center will lure millions of new customers to Las Vegas and reverse the ongoing decline, or it will cannibalize the market and force massive closures. I think those are both unrealistic and unsophisticated attempts at prognostication.

The answer is instead, well in the middle: if other hotels don’t adjust their rates accordingly, or stop delivering good service, then naturally customers will drift away–if they like what they’re getting at the new place. In the best of all worlds, this kind of competition will result in lower rates for customers and better service. That’s what competition is about, and that’s what built the casino industry in Las Vegas. When Wynn opened in 2005, for example, the execs at the Bellagio didn’t throw up their hands and concede the high-end market.

All of which is an elaborate way of saying that, with all honesty, I don’t know what’s going to happen in December. No one who’s being truthful can tell you that they do. There are simply too many other variables to solve that equation: what’s the international economic picture going to look like? What’s the cost of a gallon of gas? Will business travel pick up in 2010? These are just three of the factors largely out of the control of anyone in Las Vegas, and each of them is crucial to forecasting–even in the most crude sense–what the future brings. But it makes sense to conjecture that, if other conditions remain as they are, there will be more competition for hotel guests in a few months.

Dealer training in Delaware

A reminder that creating a casino industry isn’t just about waving the money wand and watching the dollars pour in. From the New Journal:

Before the first hand of blackjack, the first spin of a roulette wheel or the first wager at a craps table can happen at Delaware's casinos, an estimated 800 people need to be trained to preside over the games.

They also need to learn how to watch out for cheaters and keep an eye on the millions of dollars expected to move in and out of the gambling centers each year.

The deadline to build a qualified corps of dealers, floormen, pit managers, regulators and security officers was extended after state officials ruled out a special legislative session to approve rules for casino table games.

via Table Games 101 on the way | Delawareonline.com | The News Journal.

Interesting revelation on page 2: you don’t need good math skills to be a dealer. I have a feeling that the “tricks” the director of the Casino Career Institute mentioned are just learning the payouts for blackjack by rote. I know that’s how many people do it, and it probably covers 95% of all decisions.

Also, if you make it all the way to the third page, you’ll read a personal confession from yours truly about the relative difficulty of getting into graduate school and getting a casino job.

Another gaming legend passes

Frank Fertitta, Jr, whose sons currently run Station Casinos, has passed away. From the LV Sun:

Frank Fertitta Jr., the patriarch of Station Casinos, died today after heart surgery in a California hospital.

Fertitta, 70, who had been ill for some time, died at Cedars-Sinai hospital in Los Angeles, sources close to the family said.

Fertitta arrived in Las Vegas from Texas with his wife, Victoria, in 1960. He started working as a bellman at the Tropicana Hotel and Casino while he was learning to be a dealer. From 1960 to 1976 he was a dealer, pit boss, baccarat manager and general manager at properties including the Stardust, Tropicana, Circus Circus, Sahara and the Fremont in downtown Las Vegas.

He believed that Las Vegas needed a casino where locals could visit and where casino workers could come after work.

The Station Casinos empire started in 1976 when Fertitta opened The Casino off the Las Vegas Strip. The name was changed to Bingo Palace and ultimately was renamed Palace Station in 1983.

via Frank Fertitta Jr., patriarch of Station Casinos, dies – Las Vegas Sun.

Fertitta, Jr. is another one of the generation of people who came to Las Vegas when the industry was still in its rough and tumble, pioneering phase, and created the casino industry that we know today.

Outside of his abilities as a casino manager, Fertitta had the same kind of vision as Benny Binion, Sam Boyd, or Jackie Gaughan in being able to size up the market and see an opening. For Binion, it was a no-frills gambling joint. Boyd and Gaughan both had their own ideas about casinos that could attract more casual players. Fertitta recognized that Las Vegas residents were a customer base themselves. There had been casinos away from the Downtown/Strip tourist corridor for years–including Boyd’s Eldorado in Henderson–but Fertitta’s evolving casino that became Palace Station was successful enough to serve as the template for the next generation of locals properties.

It’s also worth mentioning that I’m writing this a few hundred yards from a building on UNLV’s campus named for Frank and Vicki Fertitta that speaks to their contributions to the university and community.

Mental illness is goth clean fun!

I heard an ad for this place on the radio driving to work today and started thinking about how odd it is that a nightclub on the Las Vegas Strip seems to be glamorizing mental illness. Live from Las Vegas, it’s Skizofrenia, the Nightclub:

check your sanity at the door

check your sanity at the door


Skizofrenia features “dark alternative music” every Friday at the Harmon Theater. I guess because it’s an alternative/industrial/goth night thing, the place is supposed to be “dark.” Well, schizophrenia’s a pretty serious medical condition that doesn’t sound like a fun night out to me. Here are some of the early symptoms of schizophrenia from schizophrenia.com:

–A blank, vacant facial expression. An inability to smile or express emotion through the face is so characteristic of the disease that it was given the name of affective flattening or a blunt affect.
–Staring, while in deep thought, with infrequent blinking.
–Clumsy, inexact motor skills
–Involuntary movements of the tongue or mouth (facial dyskinesias). Grimacing at the corners of the mouth with the facial muscles, or odd movements with the tongue.
–Parkinsonian type symptoms- rigidity, tremor, jerking arm movements, or involuntary movements of the limbs
–Appearing desireless- seeking nothing, wanting nothing
–Suicidal thoughts or suicidal ideation
–Rapidly changing mood- from happy to sad to angry for no apparent reason (called labile mood)
–Increased withdrawal, spending most of the days alone.
–Becoming lost in thoughts and not wanting to be disturbed with human contact
–Neglect in self-care- i.e. hygiene, clothing, or appearance
–Replaying or rehearsing conversations out loud- i.e. talking to yourself (very common sign)
–Overpowering, intense feeling that people are talking about you, looking at you
–Overpowering, intense feeling you are being watched, followed, and spied on (tracking devices, implants, hidden cameras)
–Thinking that someone is trying to poison your food
The First Signs of Schizophrenia

All the ingredients for a great night out on the town, huh? Why not just call the club “Leukemia” or “Emphysema” or some other debilitating disease? It’s nice to know that a life-threatening mental disease is considered “cool.”

It’s not like I’m coming at this as some kind of joyless Puritan or member of the PC brigade. They’ve got the right to call their club whatever they want to. But I also have the right to tell people how idiotic it is. Do they know exactly what schizophrenia is, outside of “something that is bad?” Like building a casino in the shape of a tomb, it’s one of those things that probably seems like a really neat idea to someone who doesn’t know much about the subject, but is, in fact, dumb.

I wonder if they have “Facial dyskinesias Fridays–display your involuntary muscle spasms and drink for half-price until 2!” If they’re raising awareness of mental illness that’s one thing, but assuming that it’s all about latex nurses and straitjackets doesn’t do anyone any good.

Gaming win at Clark County casinos – Las Vegas Sun

The Las Vegas Sun has a graphical “snapshot” of gaming revenue numbers for the past five years:

Gaming win at Clark County casinos – Las Vegas Sun.

As far as revenue per game/slot goes, this is an interesting graphic because even if this number remains constant gaming revenues will still decrease, as there has been a definite shrinkage of both slot and table inventory, as you can see in this handy pdf that we put together a few months ago.

Is Vegas really doomed?

I want to write about something I said but (I don’t think) got on the air in the KVVU story last Friday. Since everything about Las Vegas has to run to extremes, it’s almost impossible to have a realistic discussion of its evolution as a city, both economically and socially. With doom-mongering the current rage, those who, only a few years ago, were anointing Las Vegas as the first postmodern metropolis are now asking if the city is doomed.

On the face of it, it’s not a bad question. The city of Las Vegas is built on tourism and gambling. When people have less money, they travel less and gamble less. With some fearing that happy days are not going to be here again for a while, is it possible that Las Vegas is fated to decline indefinitely? Will the 2010s be the 1990s in reverse, with a steady slide of visitation and revenue numbers?

Not unless the general economic outlook for the country (and the world) is so gloomy that we see an unprecedented erosion of the global economy. In that case, depressed room rates on the Strip will be the least of anyone’s problems.

But if we see a recovery, even if it is slow and gradual, Las Vegas is in far better shape than many other cities. The city is based on tourism, a service industry that can’t be outsourced. The rule of thumb in seeing if your job is outsource-proof is touch: if you have to physically touch the customer or client, you are safe. Call center reps and computer programmers don’t have to touch their clients, so those jobs can be done anywhere. But you can’t hire someone in Bangalore to pour drinks or change linens in Las Vegas. While casinos are getting less labor intensive, hiring fewer people as technology permits, they can’t outsource to the extent that other industries can.

The situation is even worse for Rust Belt cities with manufacturing bases. Unless they make the transition to something else, they really do face decline. If it’s cheaper to make cash registers in Taiwan–or Alabama–there won’t be too many jobs at cash register factories left in Dayton. This is an existential crisis: these cities came to be because they were at a nexus of raw materials, labor, capital, and transportation. When it becomes cost effective to relocate production, they have real problems.

Las Vegas won’t necessarily face this kind of decline. There’s no reason to think that, suddenly, people are going to stop traveling for business and pleasure. If Las Vegas operators can adjust to changing market conditions, they can stay in business.

More recession discussion: Vegas goes national

For those of you in Las Vegas, I’m (probably) going to be on KVVU-Fox 5 news at 5 this afternoon, commenting on a new Time magazine cover story about “Fabulous Less Vegas.”

Basically, it’s yet another example of what Hal Rothman called “carpetbagger journalists” blowing through town and trying to pass off their insights as a thorough plumbing of the American dream. I don’t have the cover in front of me, but it even mentioned journeying to the heart of the American dream–a pretty blatant homage rip-off of Hunter S. Thompson.

Then you’ve got self-proclaimed non-idiot David Rothkopf over at NPR, who typed up this drivel the other day:

Last week, I spent a couple days — after a beautiful trip of whitewater rafting in Colorado and hiking through the amazing Utah desert — in the idiot capital of America: Las Vegas, Nevada. While many decry Las Vegas as a fleshpot, a blight on civilization or just the tackiest place on the planet Earth, first and foremost it is the Capistrano of idiots, the place to which nature draws them all (or at least the ones who could not get full-time work in Washington or Hollywood). You can tell because even at the airport, they have games of chance that guarantee that whoever plays them will lose their money… and long lines of people waiting to play. And the airport is just the tip of the iceberg of an entire industry built on the notion that people can’t count or won’t, that they believe in magical outcomes (see earlier offensive religious reference) or are just too damn dumb to breathe.

The city offers shows that cater to idiot tastes (how else can one explain the long and flourishing career of Carrot Top or the fact that every other person in town seems to have a tattoo that they are certain to regret in a matter of months if not minutes?). The city even seems to think that if it doesn’t build windows into casinos that the idiots will lose track of the time and stay in them forever (much as horses will reputedly continue to eat until their stomachs explode or as right wing conservatives will continue incessantly to hammer the policies of the ’80s regardless of how outdated or discredited they have become).

In fact, it is telling that Las Vegas is so dependent on stupidity that it is one of the few cities in America where alcohol (read: stupid juice) is sold on every street corner and practically handed out free on casino floors. There is really nothing that gives you a clearer picture of what the city and much of America is about than watching a cluster of bloated conventioneers, recent excess testing the very limits of their pants’ sans-a-belt technology, weaving down the sidewalk along Las Vegas Boulevard while sucking on the twisting plastic straws in their two foot tall day-glo margherita containers.

Foreign Policy: Vegas Journal: Americans Are Stupid

This article was sent to me by my Fullerton correspondent. You’ve got to read the whole thing to believe how awful it is. Knee-jerk conservative and religion bashing, America hating, elitist horror at the hoi polloi–it’s almost like a parody of what a dyed in the wool red-stater thinks NPR is about. This isn’t like I have an axe to grind against NPR–I’ve been on several national NPR shows and am frequently on the Las Vegas NPR station, KNPR. I just don’t like smarmy, intellectually lazy, dishonest writing.

Here’s the funny thing–I’m not saying that no one’s ever allowed a mistake or two, but in an article whose crux is the stupidity of others, you might want to proof read, not just spell check, or you get a howler like this:

weaving down the sidewalk along Las Vegas Boulevard while sucking on the twisting plastic straws in their two foot tall day-glo margherita containers

I’m well acquainted with the football of beer, the plastic stein, and the over-sized daiquiri glasses, but I have never, ever seen someone walking down the Strip drinking a pizza. I have, on the other hand, seen plenty of folks drinking margaritas, which are cocktails featuring tequila.

I’m pretty pumped about Rothkopf’s discovery here, since I’m always looking for new ways to eat pizza. Hey, when I was in Singapore I had tuna pizza crepes, and they were among the best things–not the best pizza, but the best things–that I’ve ever eaten. So if I find the place on the Strip that sells this delicious, improbably liquefied blend of dough, mozzarella, garlic, tomatoes, and basil, I’m all in.

Comedy aside, this is just lousy journalism. I’m reminded of Orwell’s duckspeak, where orthodox followers of Ingsoc don’t even think about the words they’re saying, the just spontaneous form in the throat, like “as right wing conservatives will continue incessantly to hammer the policies of the ’80s regardless of how outdated or discredited they have become.” That’s certainly a close relative of “the final and utter elimination of Goldsteinism,” which Orwell highlighted as a particularly good example of duckspeak.

Finally, I think that Rothkopf lies–or at the very least embellishes–to prove a point. Here’s the fragment:

…at the airport, they have games of chance that guarantee that whoever plays them will lose their money… and long lines of people waiting to play.

While I can’t say definitely that there has never been a line to play airport slots, I will say that I have never seen a line at the slot machines at McCarran airport. In fact, most of the times that I go through there, the utilization rate at the slots is somewhere between 10 and 40 percent, depending on the time of day–not like this is the kind of thing that I notice when I’m in a gaming area or anything. Saying that there are “long lines” of people waiting to play slots sounds good, and it makes Rothkopf’s point a little better, but it’s just not true. If anyone has ever seen a line of people waiting to play slots at McCarran, go ahead and email me, because I’ve spent more time there than I can calculate and I’ve never seen it.

The whole making fun of Carrot Top (and his fans) thing is uber-lame, too. I mean, he’s Carrot Top. Maybe he’s not up there refuting The Critique of Pure Reason, but that’s not what he’s supposed to be doing. He’s an entertainer. Here’s how it works: You develop your schtick. You get an agent, who convinces a theater to give you a chance in front of an audience. If audiences hate your schtick, and stop coming, you don’t work much longer. If they like it, and keep coming, you get to play another day. Obviously, Mr. Top is in the latter category.

If Top’s show isn’t tinged with deep literary significance and philosophical meaning, does that mean that he–or those who come to his shows–are stupid? Absolutely not. He’s a high-energy prop comic: his job is to make people laugh, and apparently he does it better than many other people. Not everything in life has to be an intellectual exercise, tinged with irony and wit. Sex, for example, is pretty much brainless, but enjoying sex doesn’t mean that you’re stupid–it just means that you are secure enough about your intellect not to constantly remind yourself–and others–of how smart you are. Of course, Rothkopf might counter that he understands having good, non-intellectual fun–after all, this is a rugged man who white water rafts and hikes–but Carrot Top is just stupid. Why? Because he doesn’t like him, or Las Vegas. When teenagers say that everything they don’t like is stupid and everyone who doesn’t dote on them is a phony, we justifiably smirk at their precocious pretension. When “experts” do it, apparently, we call it journalism.

Wow, that got much more indignant and rambly than I originally intended, but pseudo-intellectuals lying about the city where I live will do that.

I googled Mr. Rothkopf, thinking that I’d find a 20-something recent j-school grad. Turns out he’s in his 50s, a former Deputy Undersecretary of Commerce, and a well-established Washington insider. It’s scary–really, really scary–that someone with that level of experience and influence is so contemptuous of his own country and has such a disregard for the facts.