The “second” estimate for first quarter 2014 shows U.S. real gross domestic product decreasing at an annualized rate of 1.0 percent, lower than the positive 0.1 percent growth first reported. U.S. nonfarm employment experienced gains in May, adding 217,000 jobs over April. The unemployment rate remained constant at 6.3 percent, as labor force participation increased. Housing … [Read more...] about Business Indicators: July 2014
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What is your favorite charity?
“Candlelighters of Southern Nevada is special to me because of the support, education, hope and advocacy they provide families of children with cancer. It’s important for these families to know they are not alone and that someone cares.” Justin Brown | Vice President Regulatory Affairs, Southwest Gas “My most compassionate feelings go out to the single-parent homeless. Our … [Read more...] about What is your favorite charity?
Investing in this Economy
Nevada business owners and executives can feel good they are in a state that is growing again and in an economy that is expanding. As the economy continues to grind its way upward, a potential tailwind for stocks might be a great rotation out of bonds and into equities. The makings of this new trend began in 2013 but not on a grand scale. If corporate earnings can keep up … [Read more...] about Investing in this Economy
Alternative Energy Projects: Who Pays for These Boondoggles?
Work is almost completed on the Crescent Dunes Solar Energy Project, located near Tonopah. The developers had received a $737 million loan guarantee from the U.S. Department of Energy, so if the project fails like Solyndra did, taxpayers will be on the hook for all that money. Even if we don’t have to ultimately make good on the loan, we’ll still be paying for it in lots of … [Read more...] about Alternative Energy Projects: Who Pays for These Boondoggles?
Legal Elite 2014: Nevada’s Top Attorneys
This year’s Legal Elite polling garnered 6,454 nominations of attorneys from across the Silver State. This annual list highlights Nevada’s top attorneys as chosen by their peers. All votes are based on nominations from other attorneys and the following pages highlight the top vote getters in Northern Nevada, Southern Nevada, the Best Up and Coming attorneys and the top 10 … [Read more...] about Legal Elite 2014: Nevada’s Top Attorneys
A Future of Change: Economic Development
Nevada, because of its narrow focus on three industries, was devastated by the recession and eventually led the nation in foreclosures and unemployment. As both the director of the Governor’s Office of Economic Development (GOED) and a resident of Nevada, Steve Hill believes there is a rising wave of economic development diversifying an outdated and vulnerable economy built on … [Read more...] about A Future of Change: Economic Development
Industry Focus: Technology
Technology continues to be one of the fastest growing industries in today’s world, showing no signs of slowing down. Recently, executives representing technology and communication companies across the state met at the Las Vegas offices of Gordon Silver to discuss the challenges of their industry as options and demands become more complex. Connie Brennan, publisher of Nevada … [Read more...] about Industry Focus: Technology
A Key Definition in the Margin-Tax Scheme Would Have Catastrophic Impact
Much ado has been made, and will continue to be made, about what is the most important question on Nevada’s 2014 ballot. But one critical aspect of the state teacher union’s proposal to enact a business margin tax has gone virtually unnoticed: the definition of an “affiliated group.” For the non-accountant, this might sound like a tedious and technical detail, but it could … [Read more...] about A Key Definition in the Margin-Tax Scheme Would Have Catastrophic Impact
Roseman University Aspires to Create Incubator for Medical Research
In November 2013, Henderson-based Roseman University of Health Sciences completed a merger with the Nevada Cancer Institute Foundation. As a result, Roseman acquired the Ralph and Betty Engelstad Cancer Research Building in Summerlin along with sophisticated research equipment. These resources are advancing the university’s research endeavors and has allowed Roseman University … [Read more...] about Roseman University Aspires to Create Incubator for Medical Research
Transportation at a Crossroads
From the daily commute to a weekend bike ride or road trip, and from the goods trucked to local stores to Nevada’s overall economic vitality, transportation impacts everyone. A look into Nevada’s transportation past and a glimpse at the transportation innovations of the future illustrates how important transportation is. As the fastest growing state for decades, Nevada’s … [Read more...] about Transportation at a Crossroads
Johnnie Walker R.V. Center
Nevadans know how beautiful the state is. A drive in any direction brings mountain and waterfront views, lake fishing and camping, and other natural breathtaking treasures to be discovered. Johnnie Walker, Sr., a proud Nevadan, noticed that the inexpensive, yet fulfilling, RV lifestyle was growing in popularity among Southern Nevada residents. They were ready to experience … [Read more...] about Johnnie Walker R.V. Center
Office Summary: First Quarter 2014
Southern Nevada Demand for Las Vegas office space stalled in the first quarter of 2014 as the market reported a vacancy rate of 25.8 percent. Despite the slight uptick in office vacancies during the first quarter, they have now reported year-over-year declines for two consecutive quarters. Office inventory increased to 52.8 million during the first quarter of the year, due … [Read more...] about Office Summary: First Quarter 2014
Business Indicators: June 2014
The “advance” estimate for first quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 0.1 percent, much lower than the 2.6 percent growth experienced in fourth quarter 2013. Personal consumption expenditures and federal government spending made positive contributions. U.S. nonfarm employment experienced robust gains in April, adding 288,000 … [Read more...] about Business Indicators: June 2014
What is your favorite local restaurant?
“L’atelier Joel Robuchon at MGM Grand is always a special experience. I always leave looking forward to the next time I can go! The food and service are the best anywhere, and I was fortunate to meet Chef Robuchon himself the last time I was there.” Dr. Michael S. Levy | Medical Director, Center for Addiction Medicine Las Vegas “I love The Twisted Fork in south Reno. They … [Read more...] about What is your favorite local restaurant?
Closing the Generation Gap: Millennials vs. GenXers vs. Baby Boomers
In workplaces across Nevada, change is coming more quickly than at any time since baby boomers changed the status quo regarding diversity, hair length and governance in the 1960s. On shop floors and in cubicle farms from Ely to Searchlight, millennials – a term used to describe those under age 34 – are challenging the baby boomers – those now over age 50. The genXers – those … [Read more...] about Closing the Generation Gap: Millennials vs. GenXers vs. Baby Boomers