Another reason why government shouldn’t pick winners and losers in the economy In August, U.S. Senate Majority Leader Harry Reid hosted his fifth annual National Clean Energy Summit in Las Vegas. Delivering the keynote address, former president Bill Clinton claimed that if every state had a renewable-energy standard it would “put a lot of people back to work.” Sen. Reid … [Read more...] about $1.3 billion for 288 jobs: The failure of government-subsidized renewable energy
Departments
Retail Summary: Second Quarter 2012
Las Vegas Vacancies within the retail sector have remained in a relatively tight range during the past three years, suggesting increased stability has emerged within the sector. During the second quarter of 2012, the vacancy rate increased a modest 0.1-percentage point over both the prior quarter (Q1 2012) and prior year (Q2 2011) to 10.5 percent. With no new inventory … [Read more...] about Retail Summary: Second Quarter 2012
October 2012: Business Indicators
The U.S. economy continues to experience slowing growth. Revised data for U.S. real GDP show an annualized growth rate of 1.7 percent for second quarter, somewhat lower than the 2.0 percent rate set in first quarter 2012. Consumer spending drove most of the gains, but it was lower than in first quarter. Business fixed investment and residential investment also made smaller … [Read more...] about October 2012: Business Indicators
What was your very first job?
“My first job was traveling around the intermountain west refinishing gym floors at high schools, junior high schools and churches. I probably lost a few brain cells breathing the toxic fumes but it gave me the desire to get my college degree as fast as possible. Hopefully the education made up for the lost brain cells.” Richard Bird • Regional Manager, Marcus & … [Read more...] about What was your very first job?
Steve Mevius: Polar Shades, Inc.
President Las Vegas Number of Employees: 38 Years in Nevada: 42 Years with Company: 18 How did you first get into your profession? It started in 1994 as a hobby, making solar screens in my backyard for my home and friends. From there, through word of mouth, it progressed into a business. Once the word had spread, I decided to change careers and chase my … [Read more...] about Steve Mevius: Polar Shades, Inc.
Nevada Business’ Duty to Cooperate in a First Party Insurance Claim
One of the favorite tools insurance companies use to deny a claim is to assert the insured failed to cooperate or somehow impeded the insurance company’s investigation. In order to avoid this potential pitfall, Nevada businesses must be aware of their contractual duties to cooperate. First-party insurance policies, that insure the policyholder’s own property as opposed to … [Read more...] about Nevada Business’ Duty to Cooperate in a First Party Insurance Claim
Back to Schools You Wouldn’t Choose: Nevada parents have been left behind in the school-choice movement
As Nevada’s children return to school this fall, many parents will again be frustrated, recognizing that their children will be relegated to sub-standard education. Parents who can’t afford to live in the wealthy neighborhoods that host the best public schools, and who can’t afford private-school tuition, will discover that the educational opportunities available to their … [Read more...] about Back to Schools You Wouldn’t Choose: Nevada parents have been left behind in the school-choice movement
Office Summary: Second Quarter 2012
Las Vegas The office sector witnessed an increase in vacancies for the fifth consecutive quarter. The vacancy rate reached 25.6 percent by the mid-point of 2012, up 0.4 percentage points over last quarter. Compared to the same period last year, the vacancy rate reported a more dramatic 1.3 percentage point increase. Approximately 128,000 square feet of new office space … [Read more...] about Office Summary: Second Quarter 2012
September 2012: Business Indicators
The U.S. economy continues to experience slowing growth. Second quarter data for U.S. real GDP show an annualized growth rate of 1.5 percent, lower than the annualized rate of 2.0 percent during first quarter 2012. Consumer spending drove most of the gains, but was much lower than in first quarter. Business fixed investment and residential investment also made smaller … [Read more...] about September 2012: Business Indicators
Will Nevada’s economy be better this time next year?
“Nevada’s economy will mirror that of the overall U.S. economy, in 2013. Our country is facing a challenging financial outlook with large (and growing) federal & state budget deficits, looming tax increases, and likely spending cuts on numerous domestic programs.” Brian D. Lawenda, M.D. • Clinical Director and Radiation Oncologist, 21st Century Oncology “Our community … [Read more...] about Will Nevada’s economy be better this time next year?
August 2012: Around the State
Home Prices Up for Fifth Straight Month Statistics released by the Greater Las Vegas Association of Realtors (GLVAR) show existing home prices in June increased for the fifth straight month and supply of local homes listed for sale continues to tighten. The total number of homes, condominiums and townhomes sold in June was 3,945, which is down from the 4,134 in May. The median … [Read more...] about August 2012: Around the State
Gerald Gordon: Gordon Silver Attorneys and Counselors at Law
Shareholder Las Vegas & Reno Number of Employees: 109 Years in Nevada: 40 Years with Company: 39 How did you first get into the legal profession? My father, David Gordon, who never had the opportunity to attend law school after college, started grooming me (or indoctrinating to be precise) at age 5. He sat me down in front of the old 50’s TV programs, Divorce … [Read more...] about Gerald Gordon: Gordon Silver Attorneys and Counselors at Law
What the Obamacare Decision Means for State Policymakers: Court gives states the option of financing congressional scheme
Few decisions of the U.S. Supreme Court have captured the public interest as did its June opinion in NFIB v. Sebelius. This long-anticipated ruling was widely perceived as the final judicial test for one of the most controversial acts of Congress in decades: the Affordable Care Act (ACA), popularly known as Obamacare. The challenge centered on whether Congress has the … [Read more...] about What the Obamacare Decision Means for State Policymakers: Court gives states the option of financing congressional scheme
Industrial Summary: Second Quarter 2012
Las Vegas The Las Vegas Valley industrial market continues to face challenges, including elevated vacancies. The industrial sector reported a vacancy rate of 18.5 percent by the close of the second quarter of 2012. Net absorption during the quarter was negative 103,000 square feet, which represented a slower pace of out-migration of industrial product compared to the … [Read more...] about Industrial Summary: Second Quarter 2012
August 2012: Business Indicators
The U.S. economy continues to show signs of slow growth. Revised data show U.S. real GDP grew at an annualized rate of 1.9 percent during first quarter 2012, a substantial slowing from the fourth-quarter rate of 3.0 percent. Consumer spending drove most of the gains with business fixed investment, residential investment and inventories also making contributions. Government … [Read more...] about August 2012: Business Indicators