Archive for July, 2009

Divisiveness Won’t Win Elections

Recently there has been a lot of talk in Nevada about how down-and-out the GOP is. Truth be told, the Republican Party is in huge disarray, and has been going down hill for the past 5 years. › Continue reading

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Thursday, July 30th, 2009 Nevada Comments Off on Divisiveness Won’t Win Elections

Higher Power Bills Bring More Need for Affordable Energy

When I opened the newspaper this morning I saw a headline in the Las Vegas Sun: “Why your electric bill, all of a sudden went up $10.25”… › Continue reading

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Sunday, July 26th, 2009 Nevada Comments Off on Higher Power Bills Bring More Need for Affordable Energy

Is The Bear Market Starting to Become Bullish Again?

Ok, so the analyst are saying that they are seeing some increase in the amount of money investors are starting to put into the market. Many are starting to wonder if this means the bear market is starting to get a little more bullish. However, what many investors are doing, is putting their money into less volatile stocks–unlike the risks we saw investors taking in 2007, folks are still reluctant to back hedge funds and new technology. › Continue reading

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Friday, July 24th, 2009 Economics Comments Off on Is The Bear Market Starting to Become Bullish Again?

Positive Economic Numbers…Are We Recovering?

The Associated Press released this information today regarding the positive number of the Dow Jones:

NEW YORK (AP) — The Dow Jones industrials rose back above 9,000 for the first time since early January. Investors snapped up a broad range of stocks Thursday, sending major indexes up more than 2 percent, after existing home sales jumped for the third straight month in June. The 3.6 percent increase in home sales has investors excited that the hard-hit housing market might be improving. The National Association of Realtors said sales came in at 4.89 million, above the 4.84 million analysts had been expecting.

If we keep seeing people get back into the market, the tide could move in the right direction for all of us. The question is, have we hit the bottom? In my opinion if we haven’t hit the bottom in this bad economy, we are pretty darn close.

The Associated Press also released these numbers today:

WASHINGTON (AP) — The U.S. housing market has started to recover from the most far-reaching crisis since the Great Depression, data released Thursday show. Sales of previously occupied homes rose for the third month in a row in June, the National Association of Realtors reported. That hasn’t happened since early 2004, during the boom. “The turnaround in the housing market appears finally to be here and indeed may be gaining some speed,” wrote Joel Naroff, president of Naroff Economic Advisors Inc.

I find this latest news to be a truly encouraging considering all the negative data we generally see. I continue to put my faith in America’s economic recovery in the people of this great nation. I don’t believe that government will get us out of this mess, but however it will be the entrepreneurial spirit of our citizenry. I don’t believe that we can spend our way into prosperity and hope for positive results. In the end, these latest numbers can give us some optimism, that we will get through these tough times. As I publish this, I am watching the Dow Jones, and it currently sits at 9082.97…keep rising!

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Thursday, July 23rd, 2009 Economics Comments Off on Positive Economic Numbers…Are We Recovering?

Jobs, Jobs, and More Jobs!

In my last article, I commented on the more than 12,000 jobs being filled in Las Vegas at MGM CityCenter–now we have the news that Hard Rock Las Vegas is filling more than 500 positions! It is my hope that when the analysts said that the Las Vegas economy would start to come back during the fall of this year–they were right! › Continue reading

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Tuesday, July 21st, 2009 Economics Comments Off on Jobs, Jobs, and More Jobs!

MGM City Center Could Mean Las Vegas Starts to Turn Corner

Talk about the newest addition to Las Vegas Mega-Resorts MGM Grand’s CityCenter is starting to heat up! The property is expected to open in early December of this year and will begin employing over 12,000 residents in the Las Vegas area. In this economy, this is one of the best pieces of good news hitting Las Vegas and its over 125,000 residents currently unemployed! › Continue reading

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Sunday, July 19th, 2009 Human Interest Comments Off on MGM City Center Could Mean Las Vegas Starts to Turn Corner

Train Needs to Start Rolling

There has been a lot of news lately regarding the proposed high-speed train between Las Vegas and southern California. I wanted to weigh in on this, because I know what a huge need there is for another mode of transportation between Las Vegas and Southern California. › Continue reading

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Tuesday, July 14th, 2009 Nevada Comments Off on Train Needs to Start Rolling

Glimmer Of Good News On Las Vegas Business Front

When most of us turn on the news or read the newspapers these days, it seems all we see is negative forecasts on the business front. However, as someone who is on the ground in the business world here in Las Vegas, I’d like to bring you some positive developments on the business front!  › Continue reading

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Monday, July 13th, 2009 Economics, Nevada Comments Off on Glimmer Of Good News On Las Vegas Business Front

July 4th is Special

It was a Saturday morning and generally I like to sleep in a little bit–however this Saturday was the 4th of July! Since I was a little kid here in Southern Nevada, I’ve enjoyed attending the Boulder City, NV 4th of July parade–what a great show! › Continue reading

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Tuesday, July 7th, 2009 Human Interest Comments Off on July 4th is Special

Popularity of One’s Death

What a week we had with all the deaths in the entertainment world–Michael Jackson, Farah Fawcett and Ed McMahon. While the passing of these individuals is worth some attention, it astonishes me that our media seems to overlook the deaths of those whom I consider much more important! › Continue reading

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Thursday, July 2nd, 2009 Human Interest Comments Off on Popularity of One’s Death
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