The Newsroom - 2010 SORTED CHRONOLOGICALLY: Latest News
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Applied Analysis has compiled economic and business news of note that affect the Las Vegas Valley, Southern Nevada and the nation as a whole.
Below are select articles courtesy of various local and national sources listed chronologically for 2010.
The Latest News…
Student achievement tied to socioeconomic status in study
May 10, 2010 - The report, released by the Las Vegas Chamber of Commerce as the second of a series, found that "measures of student achievement tend to be highly correlated with factors outside the control of the 'education system' itself." The report identified "no significant relationship" between the funding level and pupil performance in fourth or eighth grades.

Clark County School District Board of Trustees President Terri Janison said some of the findings couldn't be accurately applied to the Silver State.

"The problem with (studying) Nevada is that we have never been funded at a level to test it," she said. "We have never been adequately funded."

Poverty rates had "a high correlation" to how well fourth and eighth grade students performed on mathematics exams, the study found. Meanwhile, student counts and the size of minority populations were found to affect high school graduation rates.

The local economy's struggles have pushed more families - and students - below the poverty level. Las Vegas' unemployment rate, 13.8 percent in March, has caused the number of students qualifying for free or reduced lunches to... Read More >>

Las Vegas has more than its share of troubled properties
Author: B. Wargo, Las Vegas Sun Date: 05.07.10
Las Vegas continues its overall No. 1 ranking in troubled commercial assets despite clearing up some of its bad loan problems, according to New York-based Real Capital Analytics. Las Vegas retains... Read More >>
Layoffs may not cure Las Vegas budget woes
Author: A. Choate, Las Vegas Review-Journal Date: 05.06.10
Given the state of the economy and the city of Las Vegas' finances, the worst thing the city could do right now is lay off some employees to make ends meet as mandatory raises swell personnel... Read More >>
Analyst: Don’t cut Las Vegas city jobs
Author: D. Toplikar, Las Vegas Sun Date: 05.05.10
Don't follow the lead of the private sector and lay off your employees — it just contributes to the economic problem. But do follow their lead in freezing employees' cost of living allowances, longevity pay... Read More >>
Local gaming stock index up in April
Author: H. Stutz, Las Vegas Review-Journal Date: 05.01.10
Bad news coming from some gaming industry companies during April didn't faze investors. Six casino operators and three slot machine manufacturers all showed marked upticks in their average daily stock... Read More >>
LOCAL ECONOMY: Taxable sales fall by 4.5 percent
Author: J. Robison, Las Vegas Review-Journal Date: 04.28.10
Could recession-weary Nevadans finally be ready to spend again? New numbers from the state Department of Taxation show that taxable sales improved noticeably in February... Read More >>
Local office rents drop in first quarter
Author: T. Illia, Las Vegas Business Press Date: 04.26.10
A deepening recession and rising unemployment diminished valley office market demand during the first quarter, industry observers say. Average asking rents fell to $2.22 per square foot during the first... Read More >>
Local economic gauge rises in March, but pessimism persists
Author: H. Smith, Las Vegas Business Press Date: 04.19.10
Although some signs point to mild economic recovery nationally, Southern Nevada has yet to see anything more promising than a slight rise in visitor volume and a possible bottom in residential... Read More >>
Valley industrial market slides in first quarter
Author: T. Illia, Las Vegas Business Press Date: 04.19.10
Southern Nevada's industrial market slid into 2010 with the same sinking momentum as last year. First-quarter valley vacancies reached 15 percent, up nearly 34 percent from 2009, Colliers International... Read More >>
Vacancies continue to rise in Las Vegas industrial market
Author: H. Smith, Las Vegas Review-Journal Date: 04.16.10
The industrial market in Las Vegas shows no signs of recovery, as vacancies continue to rise and rental rates fall, a first-quarter report from Grubb & Ellis brokerage firm showed. Even as hope of economic... Read More >>
Nevada's jobless rate rises to 13.4 percent
Author: J. Robison,  Las Vegas Review-Journal Date: 04.16.10
Nevada's jobless rate set a record in March, as nearly 200,000 Nevadans continued the hunt for work. Observers said they see signs that the state's brutal job market is stabilizing, with several key... Read More >>
Free fall may be over for Las Vegas office sector
Author: B. Wargo, In Business Las Vegas Date: 04.16.10
Southern Nevada’s office market is showing signs of recovery and has seen the end of the free-fall it experienced in 2008 and 2009, according to a first quarter report from Colliers International... Read More >>
Industrial market plagued with rising vacancies
Author: B. Wargo, In Business Las Vegas Date: 04.16.10
The economic downturn that has shuttered businesses has taken a toll on the Las Vegas industrial market. Brokerage and research firms reported the overall industrial vacancy rate locally reached... Read More >>
Retailers adjusting to local consumer-buying patterns
Author: B. Wargo, In Business Las Vegas Date: 04.16.10
The slowdown in consumer spending that has driven up retail vacancy rates and brought down rents may also be the remedy for that sector improving, according to a local research firm. Leases from retailers... Read More >>
How dumb do they think we are? Let us count the ways …
Author: T.R. Witcher, Seven Magazine Date: 04.15.10
We’re a bunch of idiots. That would seem to be the general consensus of the rest of the America about Las Vegas. Last fall The Daily Beast website published a list on the smartest cities... Read More >>
STATE ECONOMY: Personal income in Nevada falls more than in any other state
Author: J. Robison, Las Vegas Review-Journal Date: 04.14.10
Nevadans saw their personal income decline more in 2009 than residents of any other state, a new report from the U.S. Bureau of Economic Analysis found. Residents' personal income in Nevada fell... Read More >>
Empty offices dot landscape in Las Vegas
Author: H. Smith, Las Vegas Review-Journal Date: 04.13.10
Perhaps the best remedy for sky-high office vacancy in Las Vegas should come in the form of a steel wrecking ball. Like the residential and retail markets, the office market is overbuilt, with nearly 50... Read More >>
Southern Nevada economy remains flat
Author: H. Smith, Las Vegas Review-Journal Date: 04.09.10
While some signs point to mild economic recovery nationally, Southern Nevada has yet to see anything more promising than a slight rise in visitor volume and a possible bottom in residential... Read More >>
It’s time to step up
Author: In Business Las Vegas, Editorial Date: 04.09.10
Southern Nevada businesses will have a chance to weigh in once again on important issues involving public schools. Specifically, two recent developments involving K-12 education... Read More >>
Report: Nevada's students lag peers nationwide
Author: V. Miller, Las Vegas Business Press Date: 04.06.10
Nevada's students are consistently falling behind their peers nationally, and the poor state of K-12 education is hindering the Las Vegas Valley's economic development, Las Vegas Chamber... Read More >>
Sandoval lays claim to anti-tax allegiance
Author: D. Schwartz, Las Vegas Sun Date: 04.06.10
Carson City — Republican gubernatorial candidate Brian Sandoval has flirted with the role and hinted at it. Now, he has made it official: He will seek to be the most fiscally conservative candidate for governor... Read More >>
Depth of recession portends lengthy recovery period
Author: R. Velotta, In Business Las Vegas Date: 04.02.10
Southern Nevada needs to capitalize on the strengths that have made it a world-class destination to get past the 13.8 percent unemployment rate and the record vacancies in the region’s residential, office... Read More >>
Builders & Developers
Author: J Walpole, Nevada Business Magazine Date: 04.01.10
Like a bad dream that never seems to end, the economic outlook for builders and developers continue to remain in a slump that challenges even the best of the state’s entrepreneurs. “The construction... Read More >>
Place your bets on Las Vegas
Author: FTSE Global Markets Date: 04.01.10
FOR 20 YEARS, no place in the US and few anywhere else in the world grew as fast as LasVegas, America’s gambling, entertainment and convention capital, tucked into the southern-most corner of Nevada... Read More >>
The Road Ahead
Author: A. Candee, Nevada Business Magazine Date: 04.1.10
Nearing the end of a long, tough road is never easy. The banking industry in Nevada is crossing its proverbial fingers that the road Nevada’s economy has been on will soon get easier. The hope... Read More >>
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SOUTHERN NEVADA INDICATORS

VIDEO: 4 Station Casinos becoming part of new gaming entity
Author: Channel 13 Action News  Date: 04.25.10
Station Casinos announced a reorganization plan to split up its properties. Four of its 18 casinos will become part of a new gaming entity. The rest will be sold in bankruptcy court.
VIDEO: Hope in Las Vegas Perspective
Author: Channel 13 Action News  Date: 03.23.10
It's an intimate look at Las Vegas and a good barometer of where we stand in terms of growth. The annual report is called the Las Vegas Perspective, and it's the 30th year Applied Analysis has put it together.
VIDEO: Report offers a new perspective
on Las Vegas
Author: My News 3  Date: 03.23.10
What are most Las Vegans worried about these days?
The majority of people are concerned with the future
of education, the cost of health care, and how to
make money in Southern Nevada.
VIDEO: Survey: Las Vegas is Growing and
Residents Hopeful
Author: Channel 8 Las Vegas Now  Date: 03.23.10
Believe it or not, Las Vegas is growing. The new Las Vegas Perspective was released Tuesday detailing what parts of the valley grew, what shrank and where the city is going.
 
 

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