Yes, perhaps we may have the first signs of finding a bottom to the current recession. March data, the last month for which we have a full reporting, offer a few pleasant signs. Seasonal factors aside, we find several Silver State indicators moving up by healthy percentages relative to the previous month—enough to suggest that perhaps the positive factors are gaining … [Read more...] about July 2009: Business Indicators
What do you want your legacy to be?
“I want to be known as a great father who made sure there was always a smile on my sons’ faces by steering them the right way in life.” Roy Burson • Principal in Charge, JVC Architects “There’s nothing more important to me than my family, but that only really matters to a precious few. As for my greater legacy, I hope to be remembered as a man blessed with internal peace … [Read more...] about What do you want your legacy to be?
Publisher’s Letter: New Name, New Design, Same Team
Dear Readers, As you read through this issue of Nevada Business Magazine, you’ll notice a number of changes in content and design….we’ve even changed our name. Nevada Business Magazine (Formerly Nevada Business Journal) has been the only statewide business magazine for almost a quarter of a century. And while our mission to inform, connect and engage business leaders … [Read more...] about Publisher’s Letter: New Name, New Design, Same Team
Silencing the Voice of the People: Legislature tries to undo initiatives
The Nevada Constitution clearly gives citizens the power to enact or change laws if they feel the Legislature lacks the political will to do so. This right is spelled out in Article XIX: “The people reserve to themselves the power to propose, by initiative petition, statutes and amendments to statutes and amendments to this Constitution, and to enact or reject them at the … [Read more...] about Silencing the Voice of the People: Legislature tries to undo initiatives
Changes Stack Up: New employment laws impact businesses
The $787 billion American Recovery and Reinvestment Act of 2009 (ARRA) was signed into law by President Obama in February of this year. The largest economic stimulus package ever, ARRA was created to jumpstart the slowing economy by creating and saving jobs, extending unemployment benefits to those people already involuntarily terminated during the recession, provide … [Read more...] about Changes Stack Up: New employment laws impact businesses
Globalization: How to survive doing business in a global market
In 1997, the Eureka based business, American Pet Diner, began exporting its products to Japan. Today, the company, which manufactures and sells a line of hay and feed products for rabbits, guinea pigs, prairie dogs and Chinchillas, ships its goods to about 10 countries in Europe and Asia, with exports comprising 45 percent of its volume. “It’s growing,” said Lisa Marshall, the … [Read more...] about Globalization: How to survive doing business in a global market
Industry Focus: Insurance
Executives representing the insurance industry met recently at the law offices of Holland & Hart, LLP. Like every other business, insurance brokers are feeling the pinch of the current recession. While the economy was certainly an important topic, these industry representatives offered strong opinions on a variety of topics. How have large, national companies such as AIG … [Read more...] about Industry Focus: Insurance
Nevada Education’s Funding Fantasies: We’re already spending more than you think
Over the last year Nevadans have been inundated with talks of budget cuts and tax increases. Critics have said the state has “cut to the bone” and that taxes must be raised in order to “maintain services.” The most vocal of the advocates for increased taxes have been the champions of the public schools — “it’s for the children,” they’ve told us. But how much does Nevada … [Read more...] about Nevada Education’s Funding Fantasies: We’re already spending more than you think
June 2009: Around the State
California Businesses Making The Move To Nevada California legislators recently crossed the border to meet with Nevada lawmakers and Governor Jim Gibbons to discover ways to stop the loss of California companies to Nevada. “California is experiencing an unemployment crisis as tens of thousands of our neighbors have lost their jobs,” said Assemblyman Dan Logue. “We are going … [Read more...] about June 2009: Around the State
Network Data Security: Securing your VoIP communications
While network data security typically refers to packets of data information, the proliferation of Voice over IP (VoIP) technology in the workplace encourages a closer examination of packets of phone conversations traversing the business infrastructure. Conversations between higher-level employees and outside entities must be secured from lower-level employees and outside … [Read more...] about Network Data Security: Securing your VoIP communications
Michael Yackira: NV Energy
President & CEO Las Vegas & Reno, NV Number of Employees: 3,126 Years in Nevada: 6 Years with Company: 6 Best Business Advice: Always be true to yourself. How do you retain your best and brightest employees? We provide a combination of challenges, responsibility, impact and compensation, as well as a fun work environment. Who inspired you to get … [Read more...] about Michael Yackira: NV Energy
Transportation: Road Work Ahead
In the Silver State, the Nevada Department of Transportation (NDOT) received a total of $201 million dollars in American Recovery and Reinvestment Act (ARRA) money, and like all states getting stimulus funds; the department was faced with the ‘strings attached’ challenges before appropriating the funds to specific projects. The parameters attached to the money are mostly … [Read more...] about Transportation: Road Work Ahead
My investment firm was sold…
In these troubled times on Wall Street, several major investment firms have changed hands. While there are many reasons for a firm’s sale, in our current troubled economy, two reasons stand out: 1) financial failure of the investment firm itself; 2) sale of a viable asset by the parent company to raise capital. Merrill Lynch was purchased by Bank of America at what appeared, at … [Read more...] about My investment firm was sold…
Is Nevada building another medical malpractice crisis?
Nevada doctors are currently facing multiple threats in the ongoing fight to keep their malpractice rates low, and many don’t even know it. Despite the relative calm in the insurance market since the state legislature passed malpractice insurance caps in 2003, the increasingly low rates should be a warning sign – not a blessing. Doctors shopping for insurance may chase the … [Read more...] about Is Nevada building another medical malpractice crisis?
Master-Planned Communities: Environmentally-Friendly Neighborhoods
In its 1,953 acres, Inspirada, a new master-planned community developed in Henderson by Focus Property Group, is designed to incorporate residential, commercial and recreational areas, creating a live, work and play environment. It will be a high-density development (11,500 homes) that emphasizes walkability and connectivity, incorporates environmentally-friendly elements and … [Read more...] about Master-Planned Communities: Environmentally-Friendly Neighborhoods