Nevada’s Public Employee Retirement Systems (PERS) has a history of protecting their data and blocking the public’s access to information, even though the public (you and I) are footing the hefty bill of almost $2 billion a year. That’s more than 10 percent of state and local government’s combined own-source revenue, and the second highest percentage in the nation. It’s bad … [Read more...] about What Does PERS Have to Hide? Over $1.8 Billion of Public Money Each Year
Archives for August 2018
2018 Women to Watch
Women are making their voices heard, both in Nevada and across the world. A vital part of the business community, female executives and business owners are impacting and mentoring the next generation of leaders. These women continue to break through the glass ceiling with their drive and determination. Representing a variety of industries, this year’s Women to Watch … [Read more...] about 2018 Women to Watch
Something for Everyone: Tourism in Nevada
Nevada is still finding its place in the modern tourism world, but that isn’t hurting tourism numbers. Fiscal year 2018 was a turbulent year for tourism, in Las Vegas especially, but the year still set records and showed no signs of slowing down. Statewide, shifting consumer interests and demands and diversifying economies are helping drive continued strong tourism … [Read more...] about Something for Everyone: Tourism in Nevada
Industry Focus: Mining
Outside of the rural communities, most Nevadans don’t understand the industry of mining, even though it accounts for a large amount of the state’s economy. Executives from mining organizations throughout the state recently met at the Reno offices of City National Bank to discuss their industry and dispel some of the common myths about miners. Connie Brennan, publisher and … [Read more...] about Industry Focus: Mining
Implications of Expanding Litigation Risks
By Samuel A. Schwartz, Shareholder at Brownstein Hyatt Farber Schreck Litigation Risks Expanding for Plaintiffs When considering pursuing litigation anywhere in the United States, potential plaintiffs should consider and canvass the potential defendants who may be culpable. Courts around the country are taking a broad view of what claim, issue and party preclusion means in … [Read more...] about Implications of Expanding Litigation Risks
Smart Moves: The Future of Transportation in Nevada
Nevada transportation agencies have positive changes in the works. From smart cars that communicate to improved safety and increased sustainability, the agencies are driving Nevada’s future in positive ways. “In Southern Nevada, the RTC (Regional Transportation Commission) has public transportation and traffic technology under its umbrella, and it’s the metropolitan planning … [Read more...] about Smart Moves: The Future of Transportation in Nevada
On the Upswing: Builders & Developers Experience Growth
Nevada commercial developers and builders reported that their workloads are full, but not without challenges. “We’re busy. Busy’s good,” said Chet Opheikens, vice president, R&O Construction in Las Vegas. “Busy means we get to employ people. Employed people means community growth, which means increased morale and confidence, factors that allow for a strong … [Read more...] about On the Upswing: Builders & Developers Experience Growth
Around the State: August 2018
First UNLV Innovation Building Breaks Ground Gardner Company, the University of Nevada, Las Vegas (UNLV) and the UNLV Research Foundation has begun construction on the first building of the UNLV Harry Reid Research and Technology Park. Part of a 122-acre, master planned campus, this first building will be four-stories and 110,000 square feet. This research, technology and … [Read more...] about Around the State: August 2018
Free Speech? Social Media and its Gatekeepers
What happens when the “public square” is guarded by gatekeepers eager to censor anything they view as inappropriate political speech? That’s a question many conservative and libertarian activists are now asking, as “progressive” social-media companies accelerate their crusade against anything that gets labeled as hate speech, online bullying and fake news. At its outset, … [Read more...] about Free Speech? Social Media and its Gatekeepers
Movers & Shakers: Ann Silver
Chief Executive Officer Reno + Sparks Chamber of Commerce (99 years in Nevada) Type of Business: Chamber | Hails from: New York, New York | 1 year, 7 months with company in Nevada | Based in: Reno, NV What was your first job? [I was a] camp Counselor at Rye Recreation Center. I had a group of 30 eight year olds. Who in your life has been instrumental to your … [Read more...] about Movers & Shakers: Ann Silver
Small Business Fraud: Detection and Prevention
Has your business been victimized by fraud? If not, it very likely will be. If you answered yes, you already know it could very well happen again. In a study done by international accounting firm, Pricewaterhouse Coopers, 38 percent of all US firms suffered economic loss as a result of fraud in 2016 alone, and that of course is just what was detected. Most fraud goes undetected … [Read more...] about Small Business Fraud: Detection and Prevention
Industrial Summary: Second Quarter 2018
Northern Nevada By CBRE Reno The Northern Nevada industrial market continues to demonstrate strength and resiliency. Despite a slow start to the year that recorded just over 70,000 square feet of net absorption, Q2 2018 leasing activity was robust with 1.8 million square feet of net absorption and 2.5 million square feet of gross absorption. The remainder of the year is … [Read more...] about Industrial Summary: Second Quarter 2018
Red Report: August 2018
E Sale, Office Address 302 & 304 Carson Ave., 89101 Buyer Drock 3rd Street LLC Seller Highbrook Investors Details 161,924 SF; $39.7 million APN 139-34-210-066 Seller Rep Kevin Shannon and Brunson Howard of Newmark Knight Frank Capital Markets Sale, Retail Address 1700 & 1710 Sahara Ave., 89104 Buyer Marks Garage One LLC Seller Jay Kim Details 35,440 SF; … [Read more...] about Red Report: August 2018
Business Indicators: August 2018
The “third” estimate for U.S. real gross domestic product (GDP) for the first quarter of 2018 expanded at a 2.0 percent annualized rate, revised down from the second estimate of 2.2 percent. The downward revisions mainly reflected smaller-than-expected private inventory investment and personal consumption expenditure. U.S. nonfarm employment continued its surprising gain by … [Read more...] about Business Indicators: August 2018
If You Could Witness Any Event of the Past, Present or Future, What Would It Be?
“[I would want to witness] the signing of the Constitution to see the resolve and optimism of the brave people who created this country and put into motion the liberties we all hold so dear.” Ken Johnson, Executive VP, Business Development | Valley Electric Association “[I would want to witness] the day our country required education for children. Could we have known then how … [Read more...] about If You Could Witness Any Event of the Past, Present or Future, What Would It Be?