Hospitals’ Death Rates Improve The annual HealthGrades Hospital Quality in America study concluded that five Northern Nevada hospitals improved in seven out of eight categories. Nevada’s improvement rates still fall below the national average in numerous categories. Mortality rates nationally stand at 6.31 percent, Nevada is at 6.86 percent; but over the period between … [Read more...] about January 2009: Nevada Briefs
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January 2009: Business Indicators
The numbers are bad. Last year at this time things looked pretty good, at least in Nevada. Even though the U.S. had started to experience difficulties in the credit markets and the housing bubble had already started deflating, things were holding up. We did, however, see storm clouds on the horizon. A year later, however, conditions have deteriorated markedly. Job levels are … [Read more...] about January 2009: Business Indicators
A budget shortfall has caused lawmakers to search for additional revenue. Do you support a tax increase for the mining industry?
Tim Crowley, President, Nevada Mining Association, Reno It’s likely that taxes will need to be raised in order to provide essential state services. The Nevada mining industry would support new taxes that are broad-based and include all sectors of the economy. Mining will continue to work with leaders and businesses to ensure everyone pays their fair share. Christine … [Read more...] about A budget shortfall has caused lawmakers to search for additional revenue. Do you support a tax increase for the mining industry?
December 2008: Business Indicators
The consequences of earlier actions are making themselves felt. The excesses of the past have seeded a series of recent bewildering events. At a time in which order, discernment, agreement, and guidance were called for, policy making in Washington took a series of awkward turns. Some were numbed to see cliff-diving devaluation biting into asset values, leaving a trail of … [Read more...] about December 2008: Business Indicators
December 2008: Business Up Front
Human Resource Professionals Expect Cutbacks A nationwide poll was released recently stating that 70 percent of HR professionals feel budget cuts across the entire organization are likely if current challenges to the U.S. economy continue. Some 55 percent of the respondents said hiring freezes are also likely. The poll was conducted by the Society for Human Resource Management … [Read more...] about December 2008: Business Up Front
Office Market Summary: Third Quarter 2008
Las Vegas By the close of the 3rd Quarter 2008, the Las Vegas office market reached new heights in terms of vacancy. With nearly 8.2 million square feet of available space and market inventory of 48 million square feet, vacancy levels reached 17.0 percent as of September 30, 2008. Availability represented a slight increase from the 16.8 percent reported in the preceding … [Read more...] about Office Market Summary: Third Quarter 2008
Greg Ferraro: The Ferraro Group
President Las Vegas, Reno & Carson City Number of Employees: 12 Years in Nevada: 4th generation Nevadan Years with Company: Founded the company in 2004 Describe your leadership style: Find bright people to surround yourself with and give them the freedom to perform. Biggest business challenge: Turning a negative perception into a lasting favorable … [Read more...] about Greg Ferraro: The Ferraro Group
What are your thoughts on the bailout package Congress approved?
Robert List, President, The Robert List Company It was a badly executed response to problems caused in part by the government itself. The bailout money has been spent arbitrarily and recklessly. The anticipated bonuses to the failed executives of the recipient banks are a disgrace, and a liberal Congress is now poised to pour in good money after bad. Government should step … [Read more...] about What are your thoughts on the bailout package Congress approved?
December 2008: Nevada Briefs
Mining’s Contribution to Nevada’s Economy at an All-Time High Nevada’s mining industry experienced a significant increase in taxes paid to the state’s economy and wages paid per mining employee in 2007 were just two of the facts published in the Nevada Mining Association’s annual report. Nevada mines contributed nearly $200M in taxes to the state’s economy, up from approx. … [Read more...] about December 2008: Nevada Briefs
November 2008: Business Up Front
Unemployment Continues To Rise Latest available employment data from the Bureau of Labor Statistics show the nation’s nonfarm payroll employment declined by 159,000 in September and the unemployment rate held at 6.1 percent (9.5 million persons). Over the past 12 months, the number of unemployed persons has increased by 2.2 million and the unemployment rate has risen by 1.4 … [Read more...] about November 2008: Business Up Front
November 2008: Business Indicators
More than two years after U.S. housing markets started rebalancing and a year after financial firms became bogged down in bad paper, markets concluded that the recovery failed to get traction. Financial firms were unable to correct their problems, resulting in credit markets failing to operate. In short, the Treasury and Fed failed to stem the tide. In the span of one week, … [Read more...] about November 2008: Business Indicators
Industrial Market Summary: Second Quarter 2008
Las Vegas The Las Vegas Valley’s industrial market experienced rising vacancies due to a slowdown in market demand. During the 2nd Quarter of 2008, the market posted 695,000 square feet of net absorption, bringing demand for the first half of 2008 to 1.3 million square feet. Inventory levels increased by 1.5 million square feet during the second quarter, while project … [Read more...] about Industrial Market Summary: Second Quarter 2008
David Hall, CPA: L.L. Bradford & Company
Tax Partner Las Vegas Number of Employees: 40 Years in Nevada: 12 Years with Company: 10 Describe your leadership style: My style is to educate people of their responsibilities and then step back and let them govern themselves. Biggest business challenge: Being able to continue meeting the ever increasing needs of our clients. Regulating agencies are … [Read more...] about David Hall, CPA: L.L. Bradford & Company
How would you rate the healthcare system in Nevada?
Jim Mace, Esq., Glaser, Fink, Jacobs, Weil & Shapiro, LLP We seem to have highs and lows in our healthcare system. We should be proud of the great strides made by the Nevada Cancer Institute and are fortunate to have many highly qualified and caring physicians in our state. However, parts of the system seem to be failing as evidenced by the endoscopy center debacle and … [Read more...] about How would you rate the healthcare system in Nevada?
November 2008: Nevada Briefs
DOE Announces Plans to Ship Nuclear Waste to Yucca Mountain The Department of Energy recently issued its official decision to ship nuclear waste along a railroad line it proposes to build from Caliente to Yucca Mountain. The department also formally confirmed it will open the rail line for business to ranchers and farmers when it is not in being utilized for nuclear … [Read more...] about November 2008: Nevada Briefs