Housing, credit, and energy – three problems facing the Silver State and the nation – are exacting a toll. Following the high-tech stock bubble burst in 2000, funds became available for spending in the housing market. This resulted in rapid price increases untethered to economic fundamentals. We ended up with more housing units than households to occupy them, in short, a glut … [Read more...] about August 2008: Business Indicators
Barack Obama’s Promises: What Do They Mean to You?
Barack Obama is big on promises. He promises to take care of Americans from cradle to grave by taxing the rich and giving all their “excess” money to people who think they don’t have enough. He proposes spending an additional $10 billion on education, $150 billion on alternative energy, $60 billion on infrastructure, and $65 billion to expand healthcare coverage, and that’s … [Read more...] about Barack Obama’s Promises: What Do They Mean to You?
Frank Gatski: Gatski Commercial Real Estate Services
President/CEO Las Vegas Number of Employees: 70 Years in Nevada: 30 Years with Firm: 15 Type of Business: Commercial Real Estate Firm Describe Your Leadership Style: Inspirational and compassionate. I like to lead by example and while I am compassionate, I do hold people accountable. Biggest Business Challenge: The biggest challenge of my career happened in … [Read more...] about Frank Gatski: Gatski Commercial Real Estate Services
Bridging the Gap: Managing Workers from Different Generations
Four distinct generations of employees are currently at work in companies across America, all with very different attitudes, expectations, and management styles. Business owners and managers are challenged with learning how to maximize the potential in each age group, while encouraging them to work together to achieve common goals. The oldest age group, those who are old … [Read more...] about Bridging the Gap: Managing Workers from Different Generations
Battle of the Legislators: Which Party Will Take Over This Election Season?
An unpopular Republican governor, an increasingly deep economic funk, and a national outlook that nearly all prognosticators say greatly favors their party. Nevada Democrats couldn’t have come up with a better storyline heading into the 2008 elections if they’d been allowed to write the script themselves. When Silver State voters head to the polls for the November 4th … [Read more...] about Battle of the Legislators: Which Party Will Take Over This Election Season?
Industry Focus: Economic Development
Recently, a group of Nevada’s economic development leaders gathered at Cili Restaurant in Las Vegas to discuss current challenges they face, including the state of the economy, gaming taxes and incentives. Connie Brennan, publisher of Nevada Business Journal, served as moderator for NBJ’s monthly event that brings industry leaders together to discuss issues pertinent to their … [Read more...] about Industry Focus: Economic Development
Dangerous Departures: Protecting Your Company’s Assets
Can your company afford to have its employees compete against the company? How about ex-employees recruiting your current employees and calling your vendors? What about employees taking the intellectual property they created while employed – can your company afford losing that? To better protect the company’s investment against scenarios such as those above, there are four … [Read more...] about Dangerous Departures: Protecting Your Company’s Assets
July 2008: Business Indicators
The U.S. unemployment rate for May jumped 0.5 percent, rising to 5.5 percent. This jump sent a signal that economic conditions remained weak and future conditions would not improve quickly. This prospect sent currency traders scrambling to realign portfolios with fewer dollars. The declining dollar sent crude-oil prices up by more than $11, a one-day increase greater than oil … [Read more...] about July 2008: Business Indicators
Sky-High Gas Prices? Hope is on the Horizon
Everywhere you go these days, people are discussing the high price of gasoline. Some are changing their driving habits, others have planned “staycations” instead of vacations this summer, and voters are demanding that the government take some action. Developing alternative ways to power our vehicles has become more important than ever, not only because of rising gasoline … [Read more...] about Sky-High Gas Prices? Hope is on the Horizon
Nevada’s Hidden Spending: Transparency Should Be Priority
Subpar accounting practices in Nevada government are making it difficult for taxpayers to learn how hundreds of millions of taxpayer dollars are spent. Months of inquiries by the Nevada Policy Research Institute found that off-budget spending practices are chronic at both the state and local government levels in Nevada. In the largest area of covert government spending, … [Read more...] about Nevada’s Hidden Spending: Transparency Should Be Priority
July 2008: Nevada Briefs
Piedmont Mining Company Obtains Funding Piedmont Mining Company recently received $480,500 of private funding. The funding was arranged and managed by IBK Capital Corp. of Toronto. The offering totaled 3,203,331 units, with each unit consisting of one share of common stock and one two-year warrant exercisable at $0.26 per share. Net of commissions, the company has received … [Read more...] about July 2008: Nevada Briefs
Land Developers: How Much is Nevada’s Land Worth?
Las Vegas-based LaPour has been purchasing and developing land into offices, industrial buildings and hospitality facilities for 16 years. Yet, the company’s executives have chosen not to purchase property for the past two years because of its high costs. “It’s a difficult land environment due to pricing and parcels,” said Jeff LaPour, the president and chief executive … [Read more...] about Land Developers: How Much is Nevada’s Land Worth?
July 2008: Business Up Front
401(k) Participants Invest in Equities The average U.S. household invests about 55 percent of its 401(k) or other defined contribution plan assets in common stocks. Many Americans are investing all or nothing in equities, due to a host of factors, including education level and marital status, according to a new analysis of government data by Watson Wyatt Worldwide, a … [Read more...] about July 2008: Business Up Front
Retail Market Summary: 1st Quarter 2008
Las Vegas According to the Nevada Department of Employment, Training and Rehabilitation, 101,500 retail jobs were recorded in March 2008 in Clark County, an increase of 3.5 percent, from March 2007. During this 12-month period, the largest contribution came from the General Merchandise & Clothing sector, with 3,000 new jobs added; followed by the Food & Beverage Stores … [Read more...] about Retail Market Summary: 1st Quarter 2008
July 2008: Face to Face
Pamela Hollister Owner The PEOPLE Process Las Vegas Number of Employees: 2 Years in Nevada: 18 Years with Firm: 20 Type of business: Personality-Type Trainings and Products Describe your leadership style: Analytical and innovative, recognizing ideas and possibilities. Biggest Business Challenge: Getting the word out about the company. Best Business … [Read more...] about July 2008: Face to Face