After two decades of drought, water-year 2022-23 (October to September) brought great rain and snow to the Colorado River Basin. Cooler-than-expected temperatures delayed the snow melt, and so the river and reservoirs rose in the second half of 2023 from record lows in mid-2022. Water demand (use) in lower Colorado Basin states (Nevada, Arizona and California) also fell … [Read more...] about Free Market Watch
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Business IndicatorsFebruary 2024
The third estimate of U.S. real gross domestic product (GDP) for 2023Q3 increased at an annual rate of 4.9 percent, marking a 0.3 percentage point decrease from the second estimate. Although the update primarily reflected a downward revision in consumer spending, the robust growth in real GDP was still mainly driven by strong consumer spending and heightened activity in … [Read more...] about Business Indicators
The Last WordHow Did You Meet Your Spouse?
Holly Silvestri PartnerThe Ferraro Group “Through Nevada Business Magazine! My PR firm had an article and photo published many years ago, he read it, reached out to a client he knew who was mentioned in the article, and then we were introduced. We have been married for 21 years now. So, thank you, Nevada Business Magazine!” Tom Letizia PresidentLetizia … [Read more...] about The Last Word
The Illusion of TruthDoes Real Truth Exist?
In our fast-paced world, where we are bombarded with information, it's tough to know what's true. A buddy of mine recently said something that stuck with me, “There is no such thing as truth… it changes moment by moment, and no one can agree upon what it is… it is totally unreliable… the world is full of lies and deception… that’s the truth.” Kinda scary, right? If we can't … [Read more...] about The Illusion of Truth
Game OnSports Betting Evolution in Nevada from a Regulatory Perspective
Gaming Regulation in Nevada The Nevada Gaming Control Board is charged with protecting the integrity and stability of the ever-evolving gaming industry. The board executes this statutory mandate through exhaustive investigative procedures, comprehensive licensing practices and strict enforcement of laws and regulations that hold gaming licensees to high standards. These … [Read more...] about Game On
MVPNikki Fargas
President of Las Vegas Aces League/Sport: Basketball Team’s Inaugural Season: 1997 Location: Las Vegas, Nevada Executive Hometown: Oak Ridge Tennesee Executive Joined Team in: 2021 40 Full Time Employees Not Including Players A former player, broadcaster and basketball coach, Nikki Fargas is the current president of the Las Vegas Aces. She is at the helm of … [Read more...] about MVP
Around the StateJanuary 2024
Station Casinos Opens Durango Casino & Resort In early December, Station Casinos opened the Durango Casino & Resort, the company’s newest resort in southwest Las Vegas. The resort features 83,000 square foot of casino space and over 200 guest rooms and suites. The resort also has dining options, including a food hall experience, Eat Your Heart Out, which spans 25,000 … [Read more...] about Around the State
Should NV PERS Be Allowed to Invest in ESG Securities?
The federal Department of Labor has adopted a rule allowing retirement plan fiduciaries, such as Nevada’s PERS board, to consider environmental, social and governance issues (ESG) when choosing investments for their members’ retirement funds. Under the 1974 ERISA law, the Department of Labor, or DOL, can set minimum investment standards for retirement and health plans. For … [Read more...] about Should NV PERS Be Allowed to Invest in ESG Securities?
Reed Gottesman
SVP/Regional Manager Schnitzer Properties Type of Business: Commercial Real Estate Development and Operations Based: Las Vegas, San Diego and Salt Lake City Hails from: Teaneck, NJ “Luck is the sense to recognize an opportunity and the ability to take advantage of it. Everyone has bad breaks, but everyone also has opportunities. The person who can smile at his breaks and … [Read more...] about Reed Gottesman
Business IndicatorsJanuary 2024
The second estimate of U.S. real gross domestic product (GDP) for 2023Q3 expanded at an annual rate of 5.2 percent, revised up by 0.3 percentage points compared to the advance estimate. The remarkable increase in real GDP mainly reflected strong consumer spending, as well as increased activity in business investment especially in inventory investment driven by expanding … [Read more...] about Business Indicators
The Last WordWhat are Your Professional Goals for 2024?
Scott Arkills President and CEO Silver State Schools Credit Union “By prioritizing people over profit, we will help our member-owners, their families, and the surrounding communities achieve financial wellness through financial literacy, innovation, and technology so they can bank when and how they want.” Denette Suddeth Regional President and Head of Commercial … [Read more...] about The Last Word
Why America Must Stand with Israel
The relationship between the United States and Israel is more than just foreign policy for both countries. It’s a profound alignment of values and principles as well as a shared vision for the future that cherishes freedom, democracy and the sanctity of human life. From the pulpit of today’s preachers to the pens of our Founding Fathers, Israelite perseverance has served as a … [Read more...] about Why America Must Stand with Israel
Taylor Adams
CEO Economic Development Authority of Western Nevada (EDAWN) Type of Business: Regional Development Authority Based: Reno Hails from: Columbus, Mississipi Years Org. has been in Nevada: 40 Months with Organization in Nevada: 6 Employees in NV: 15 What is your professional background? I started my career in banking/finance and then in the insurance business, … [Read more...] about Taylor Adams
Around the StateDecember 2023
UNR Receives Largest Individual Gift in History to Create Aerospace Department The University of Nevada, Reno (UNR) recently announced a record $36 million individual gift to the University’s Foundation from the George W. Gillemot Foundation. Upon approval from the Nevada System of Higher Education Board of Regents the gift will be used to create the George W. Gillemot … [Read more...] about Around the State
A Year Makes a World of Difference to Water and Other Matters
What a difference a year makes in the water outlook for Nevada. In July 2022, Lake Mead dropped to its lowest level since it was being filled in the 1930s. Northwestern Nevada rivers, the Carson and Truckee and other watersheds in the state were experiencing major droughts, as was all of the Southwest. In November 2021, scientists, public officials and media in Colorado had … [Read more...] about A Year Makes a World of Difference to Water and Other Matters