The FDIC’s take over of several banks this year has depositors concerned and in some cases panicked about the security of their funds. However, the FDIC sticker on the front window of your bank is not the only determinant of your banks financial resilience. “A depositors first consideration should be the ‘safe and soundness’ of their banking institution,” said Larry … [Read more...] about A Depositors Due Diligence: A banks “safe and soundness” and FDIC
Archives for October 2008
October 2008: Business Indicators
Housing, credit, and energy, the three major economic problems confronting the U.S. and some states, have taken the steam out of the economy. The impact reminds one of a Caribbean hurricane season hitting the same area more than once and each time spawning tidal surges and killer tornados. Today, we grapple with the economic storms’ aftermath--depreciating housing values, a … [Read more...] about October 2008: Business Indicators
Washoe County Business Court: Litigation Made Logical
Before the creation of Department Nine, the specialty courts system business court in the Second Judicial District Court of Nevada, Washoe County, judges were apt to have difficulty when they encountered legal cases dealing with specific business issues as not every judge had litigated cases dealing with specific business matters when they were lawyers or worked in the private … [Read more...] about Washoe County Business Court: Litigation Made Logical
Ballots in Spanish? Wrong for Many Reasons
When you receive your sample ballot for the 2008 general election, it will be printed in both English and Spanish. Did you ever stop to wonder why? A poll by the Las Vegas Review Journal last year showed that 77 percent of the Nevadans surveyed, thought ballots and other official state documents should be printed only in English. If they had asked me, I would have told them the … [Read more...] about Ballots in Spanish? Wrong for Many Reasons
Industry Focus: City Hall
Recently, 10 of Nevada’s top public officials gathered at the office of Holland & Hart, LLP to discuss present challenges, the state of the economy, how municipalities are weathering the economic depression and being leaders in sustainable development and green building. Connie Brennan, publisher of Nevada Business Journal, served as moderator for NBJ’s monthly event that … [Read more...] about Industry Focus: City Hall
What is the most important issue facing Nevada’s business community?
Charles Perry, executive director for Nevada Health Care Association The most important issue facing Nevada’s business community today is the state of the economy nationally. Our principal business is still the tourism, resort and gaming industry and its ability to attract visitors to the state. Patrick Wisman, vice chairman, president and CEO – Southwest USA Bank The … [Read more...] about What is the most important issue facing Nevada’s business community?
Joint Ventures: Partnerships Prove Profitable
American Nevada Co. (ANC) a Henderson-based commercial real estate developer, has teamed with Las Vegas’ The Vista Group and Atlanta-based Place Properties to develop Midtown Place, a 3,000-suite, University of Nevada, Las Vegas, student housing complex. ANC also is partnering with MGM MIRAGE and Diamond Resorts to master plan a mixed-use community on 166 acres in Jean, Nevada. … [Read more...] about Joint Ventures: Partnerships Prove Profitable
October 2008: Business Up Front
Real Estate no Longer “Best” Long-Term Investment 50% of Americans thought real estate was the best long-term investment they could make. Five years later, that same percentage has fallen to 37%. Given this year's housing bust, just 27% of Americans maintain that real estate is the best long-term investment. As of April 2008 Gallup Poll Results: • Savings accounts/CDs - … [Read more...] about October 2008: Business Up Front
Retail Market Summary: Second Quarter 2008
Las Vegas The Las Vegas commercial retail sector posted a record-setting level of vacant space in the 2nd Quarter of 2008. Recent market conditions, including the performance in the residential sector, prompted the closing of various retail outlets, including Thomasville Furniture, Wickes Furniture, Sharper Image and various grocery anchors, such as selected Smith’s and … [Read more...] about Retail Market Summary: Second Quarter 2008
Bret Holmes: Advanced Management Group
President Las Vegas Number of Employees: 45 Years in Nevada: 18 Years with Firm: 2 Type of business: Apartment and Single Family Property Management Describe your leadership style: According to a couple of Web sites I am a participative leader and I think that is pretty accurate. I try to involve everyone in what happens with the company as their future depends on … [Read more...] about Bret Holmes: Advanced Management Group
20/20
Nevada is populated by hundreds of business executives that daily demonstrate extraordinary leadership qualities. Whether its steering their company through rough economic times or giving back to the community in which they live, these leaders’ contribution to Nevada goes largely unnoticed. In the first annual 20/20 issue, Nevada Business Journal recognizes 20 remarkable … [Read more...] about 20/20
A Modest Proposal: Exportation of Education
Throughout 2008 several Nevadans, including Assembly Speaker Barbara Buckley (D-Las Vegas), former governor Bob Miller, casino mogul Steve Wynn and higher-ed chancellor Jim Rogers have claimed that budget cuts to education would be “devastating” for the children. In response, they have called for tax increases to raise funding for public education. In 2006 Nevada spent … [Read more...] about A Modest Proposal: Exportation of Education
State Lawmakers Prepare for Next Budget: Shortfalls Prompt Anxiety and Creativity
Still smarting from the current state budget’s $1.2 billion revenue shortfall, Nevada’s legislators and financial gurus are hunkering down to prepare for more challenges when the Nevada Legislature convenes in 2009. With Nevada ranking the third highest in the country in percentage of decreased revenues for the fiscal year ending June 30, according to the National Conference of … [Read more...] about State Lawmakers Prepare for Next Budget: Shortfalls Prompt Anxiety and Creativity