The monopoly power that labor unions have over a workplace is something that no one, not even the rank-and-file union members themselves, particularly enjoy. This point comes into focus every year during National Employee Freedom Week (August 18 – 24), when government employees are reminded of their right to “opt out” of membership if they don’t want to financially support … [Read more...] about The Collective Bargaining Monopoly is a Disservice to Public Workers
Monthly Editorial Departments
Commercial RE ReportIndustrial Summary Second Quarter 2019
Northern Nevada By CBRE Reno During the first half of the year, the Northern Nevada industrial market laid a strong foundation for a successful second half of 2019. Robust transactional activity coupled with healthy construction activity were at the forefront of the market’s success. Construction completions totaled 1.1 million square feet during the quarter, driving the … [Read more...] about Commercial RE Report
Business IndicatorsAugust 2019
The “third” estimate of U.S. real gross domestic product (GDP) for the first quarter of 2019 remained unchanged, up by 3.1 percent at an annualized rate, from the “second” estimate. U.S. nonfarm employment rebounded sharply after a disappointing gain in May, adding 224,000 jobs in June. Big gains occurred in the professional and business services and healthcare sectors. The … [Read more...] about Business Indicators
Free Market WatchThere is Nothing ‘Progressive’ About Big Government
If progressive voters really want the kind of “bold” and “transformative” changes big-government politicians keep promising, they had better change their voting habits. Despite the lofty-sounding rhetoric, there’s nothing inherently progressive—new, innovative or revolutionary—about the policy proposals being touted by big-government proponents. In fact, far from effecting … [Read more...] about Free Market Watch
Around the StateJuly 2019
Western Title Acquires Titles Service and Escrow Company Nevada’s sixth oldest company, Western Title Company, has joined forces with Fernley and Yerington’s Title Service and Escrow Company. The acquisition gives Western Title the largest footprint of any title and escrow company in Nevada. The acquisition went into effect on the first of last month. The organization now … [Read more...] about Around the State
Commercial RE ReportRetail Summary: First Quater 2019
Northern Nevada By Dickson Commercial Group The first quarter of 2019 had many smaller retail lease deals, with the majority under 11,000 square feet. Village at Rancharrah, Tolles Development Company’s new development, has signed on nine tenants so far. Süp, Centro Due and Coffeebar are a few of the restaurants that have joined the project. Clothing retailers, Chez Vous … [Read more...] about Commercial RE Report
Business IndicatorsJuly 2019
The “second” estimate of U.S. real gross domestic product (GDP) for the first quarter of 2019 was revised down by a 0.1 percentage point to 3.1 percent at an annualized rate compared to the “advance” estimate. The overall picture of economic growth remained the same. The real GDP growth relied largely on temporary factors such as higher private business inventories and reduced … [Read more...] about Business Indicators
Around the StateJune 2019
UNR School of Medicine Graduates New Doctors The University of Nevada, Reno School of Medicine (UNR Med) graduated 63 new doctors last month. Six of the new doctors will remain in Northern Nevada for their graduate medical education. In addition, approximately 27 percent of UNR Med students are staying in Nevada for some part of their training and 43 percent of the students … [Read more...] about Around the State
The Legislature has a Cronyism Problem
The worry over “cronyism” in politics is a bipartisan concern — and, unfortunately, Nevada has a long history of political favoritism. However, billionaires asking lawmakers for special treatment isn’t the only kind of cronyism that should worry Nevadans. This year, government insiders and tax-funded lobbyists are playing the favoritism game better than anyone. And their … [Read more...] about The Legislature has a Cronyism Problem
Commercial RE ReportOffice Summary First Quarter 2019
Northern Nevada By Colliers | Reno The Northern Nevada office market is starting off a bit bumpy in 2019 with vacancy increasing from 11.8 percent at the end of 2018 to 12.5 percent this quarter. This was due to 78,154 square feet of negative net absorption, continuing the downward trajectory seen in the fourth quarter. Vacancy was as low as 11.0 percent in the third … [Read more...] about Commercial RE Report
Business IndicatorsJune 2019
The “advance” estimate of U.S. real gross domestic product (GDP) for the first quarter of 2019 increased unexpectedly by 3.2 percent at an annualized rate. Although the growth rate marked its fastest first quarter increase since 2015, the overall real GDP growth included some temporary factors – reduced imports and higher private business inventories. Thus, the unexpected gain … [Read more...] about Business Indicators
Free Market WatchPoliticians Don’t Fund Campaign Promises — Taxpayers Do
To their credit, politicians in Nevada’s 80th legislative session seem pretty eager to actually keep campaign promises—unfortunately, they’re counting on everyone else to pay for such political achievements. Despite Governor Steve Sisolak’s “no new taxes” pledge (some restrictions, exemptions and limitations may apply), there are still at least a few issues being discussed … [Read more...] about Free Market Watch
Around the StateMay 2019
City National Bank Becomes a Founding Partner of T-Mobile Arena T-Mobile Arena and the MGM Grand Arena have reached a multi-year agreement with City National Bank to establish the bank as a founding partner for the venue. City National has been named the exclusive financial services partner for both T-Mobile and MGM Grand Garden arenas and will have a large-scale branding … [Read more...] about Around the State
Commercial RE ReportIndustrial Summary First Quarter 2019
Northern Nevada By CBRE Reno The Northern Nevada industrial market rebounded in Q1 2019. Twenty-eight lease transactions were signed during the quarter, leading to 880,914 square feet of positive net absorption and 1.1 million square feet of gross absorption. Of these, 24 deals were between 5,000 square feet and 100,000 square feet, demonstrating continued pressure on … [Read more...] about Commercial RE Report
Business IndicatorsMay 2019
The “third” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2018 was revised downward by 0.4 percentage points to 2.2 percent at an annualized rate compared to the “initial” estimate. The total nonfarm employment in January and February was revised up, which resulted an additional gain of 14,000 jobs than previously reported. Retail sales in … [Read more...] about Business Indicators