We have come to the one-year anniversary of the Lehman Brothers’ failure. They held a long-standing Wall Street position of financial strength and most considered Lehman too big to fail. Not surprisingly, the failure sent a wave of shocks, including consumers cutting their spending, paying off outstanding credit, and raising their savings. Job losses grew quickly. … [Read more...] about October 2009: Business Indicators
What’s your Motto?
“‘Seize the day.’ No matter what the day brings, there is always something to appreciate and be thankful for. People spend too much time ruminating about the past or worrying about the future while ignoring the present moment.” Rick Campbell • Partner, Armstrong Teasdale, LLP “It doesn’t matter how well you do in life, but rather, how much good you do.” Steve Schorr … [Read more...] about What’s your Motto?
Legal Elite: Attorneys Choose Top One Percent
Representing the top one percent of Nevada’s attorneys, the 100 lawyers included in the 2009 Legal Elite have earned the trust and endorsement of their peers. These attorneys have been recommended by the people that know them best, the lawyers they work with or see across a courtroom. Who better to determine an attorney’s merit than another attorney? Out of the … [Read more...] about Legal Elite: Attorneys Choose Top One Percent
Unemployment: Getting Back to Business
Technically the U.S. – and Nevada – has been in a recession since December 2007. We’ve seen a tremendous blow to the financial markets during 2008 and falling consumer confidence throughout the first seven months of 2009. There’s been continuous job loss every quarter for the last four quarters. Is there any good news? Yes. A consensus of economic panels states economic … [Read more...] about Unemployment: Getting Back to Business
Industry Focus: Professional Organizations
Executives representing professional organizations recently met at the law offices of Holland & Hart in Las Vegas to discuss issues facing professional organizations in the Silver State. Most professional organizations are facing a downward trend in membership as well as difficulty in finding and renewing much needed sponsorships. Connie Brennan, publisher of Nevada … [Read more...] about Industry Focus: Professional Organizations
NAIOP Northern Nevada Chapter: 2009 Bus Tour Guide Book
Dear NAIOP Members and Guests, Welcome to the 2009 NAIOP Northern Nevada Bus Tour. This is our third year in what has been both an exceptionally valuable and enjoyable annual event. In an effort to address the changing business environment, NAIOP’s goal, both nationally and locally, is to make adjustments to our approach in an effort to ensure we maintain relevance to … [Read more...] about NAIOP Northern Nevada Chapter: 2009 Bus Tour Guide Book
Homebuilders: Rethinking a Struggling Industry
There were flickers of hope this summer in Nevada, but the consensus within the state’s real estate community remains that at least another stagnant year looms for homebuilders. Despite two consecutive months of surging existing home sales and a handful of intriguing new communities coming online, the specter of impending foreclosures and surging unemployment continues to … [Read more...] about Homebuilders: Rethinking a Struggling Industry
Kevin Wallace: RMI Management, LLC
President & CEO Las Vegas, NV Number of Employees: 450 Years in Nevada: 19 Years with Company: 15 How do you retain your best and brightest employees? We strive to put the right person in the right job, and then empower them so they feel comfortable making decisions and putting forth ideas. Who inspired you to get into the business? I didn’t plan to … [Read more...] about Kevin Wallace: RMI Management, LLC
Together We Can Make Healthcare Reform Work
Congress is moving quickly to enact healthcare reform to eliminate the increasing number of uninsured. Legislation is likely to be considered this summer and all participants of the healthcare system, including insurers, are coming together to ensure healthcare reform is effective and sustainable for all Americans. Driving this is a moral, social and fiscal imperative to … [Read more...] about Together We Can Make Healthcare Reform Work
Legal Tips for Business Owners to Survive the “New Economy”
Many business owners in this new economy are facing the difficult decision of whether to keep their businesses up and running or to cut their losses and dissolve their companies now. Although there have been several companies dissolving their businesses in the past year, there have also been new companies formed. Whether forming a new company or dissolving an existing one, as … [Read more...] about Legal Tips for Business Owners to Survive the “New Economy”
September 2009: Around the State
WaterSmart Innovations Conference Garners International Support The second WaterSmart Innovations Conference and Exposition presented by the Southern Nevada Water Authority (SNWA) in conjunction with the U.S. Enviornmental Agency’s (EPA) WaterSense Program and the American Water Works Association (AWWA) is slated for October 7 -9, 2009 in Las Vegas.. The conference has … [Read more...] about September 2009: Around the State
Opening A Successful Franchise: A profitable way to stay afloat during tough times
Opening a business in this economic climate might sound as crazy as selling ice cream during a blizzard, especially when the extended forecast is dark and gloomy. Yet, a ray of sunshine can be found cutting through the recessionary clouds. It really is possible to open a successful business today. The keys are finding a unique product that sells during tough economic times and … [Read more...] about Opening A Successful Franchise: A profitable way to stay afloat during tough times
PERS Reforms Do Not Go Far Enough: Legislature fails to meaningfully address escalating retirement costs
Compensation levels for public employees in Nevada have been a topic of hot debate in recent months. As unemployment tops 12 percent in the Silver State, private citizens have grown weary of being forced to pay higher taxes in order to fund what have increasingly been viewed as relatively lavish salaries for union-protected government employees. Yet, while salary information … [Read more...] about PERS Reforms Do Not Go Far Enough: Legislature fails to meaningfully address escalating retirement costs
Office Summary: 2nd Quarter 2009
Las Vegas The Las Vegas Valley office market is facing significant challenges as the inventory base continues to expand even as office-using employment continues to contract. During the latest quarter, the market reported two major project completions totaling 364,800 square feet, which brought total inventory to 49.3 million square feet. Overall availability in the … [Read more...] about Office Summary: 2nd Quarter 2009
September 2009: Business Indicators
Economic hardship continues, even as pundits seek to find every glimpse of improvement ahead—referred to as “green shoots.” Nevada, Clark County, and Washoe County posted unemployment rates well above the national level, jumping significantly for June with the rates reaching 12.1, 12.3, and 11.8 percent, respectively. Such numbers put the Silver State among the worst-hit … [Read more...] about September 2009: Business Indicators