Just as most of us never expected to see the economy tank like it has, I would never have imagined how quickly what has come to be known as “the AIG Effect” is decimating the hospitality industry. In his March blog, Bill Carlino, editor-in-chief of Accounting Today, described the situation perfectly. When President Obama said on the record that those who receive proceeds from Uncle Sam cannot take trips to Las Vegas or the Super Bowl on the taxpayer's dime, said Carlino, “the country's most ...

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