| SOUTHERN NEVADA ECONOMY: Indicators plummet to '07 low Economist who ...
The downturn in Las Vegas' real estate market, combined with a 5.4 percent decline in gaming revenue for August, dragged the Southern Nevada Index of Leading Economic Indicators to its lowest level of the year. The October index, based on August data, dropped to 132.67, with six of the 10 series contributing negatively. Its down from 133.46 in September, but remains slightly higher than a year ago. The index has relinquished its gain from the beginning of the year, when it stood at 132.98. "The Las Vegas economy in August performed at less than a stellar rate," economist Keith Schwer of the Center for Business and Economic Research said. The index, compiled by the research center at University of Nevada, Las Vegas, is a six-month economic forecast from the month of the data, based on a net-weighted average of each series after adjustment for seasonal variation.
AMB Property Corporation(R) to Present at NAREIT's Annual Convention
SAN FRANCISCO, Nov. 14 /PRNewswire-FirstCall/ -- AMB Property Corporation(R) (NYSE: AMB) , a leading developer and owner of industrial real estate, today announced that Hamid R. Moghadam, the company's chairman and CEO, is scheduled to make an appearance at the National Association of Real Estate Investment Trust's Annual Convention being held at the Bellagio Hotel in Las Vegas, Nevada. Mr. Moghadam will participate in a panel titled, "The Global Real Estate Investment Proposition - The Americas." This session will take place on Thursday, November 15, 2007 at 9:00 AM PST. The panel session will be broadcast via audio-webcast and can be accessed in the Investor Relations section of the company's website at http://www.amb.com. The webcast replay will be available until 5:00 PM PST on Thursday, November 29, 2007.
Accused foreclosure scam artist behind bars
It's a housing scam so big investigators admit the cases they know about may be just the tip of the iceberg. A Las Vegas man is behind bars accused of preying on those who were about to lose their homes. He said he could save them from foreclosure. But as News 3 Investigator Mitch Truswell found out, the state says he simply cost people money and in some cases much more. Matt Marlon has gone by plenty of names: Andrew Johnson and John Alson, among others. If you recognize him, the Secretary of State's Office wants to hear from you. The name may have changed but, unfortunately, the story was always the same. Carolyn Ellsworth with the Secretary of State's Office is one of many helping to unravel the maze of deception. At least sixty valley homeowners thought Marlon could help them.
BUSINESS SURVEY: BUSINESS BLOCKS Southern Nevada companies say they ...
SUNDAY: New state taxes remain a hot-button topic. Business leaders will line up on all sides of the issue.
TODAY: Survey respondents discuss the biggest obstacles to their operations in 2008.
TODAY IN THE BUSINESS PRESS: The love-hate relationship between professionals and their high-tech gadgets has users praising productivity boosts and cursing round-the-clock disruptions. .
Duke Prosecutor Removed From Lawsuit
DURHAM, N.C. (AP) - A federal judge has removed the disgraced Durham County prosecutor from a lawsuit filed by three Duke University lacrosse players falsely accused of rape. Former District Attorney Mike Nifong filed for bankruptcy two weeks ago, citing more than $180 million in liabilities. Almost all of that amount is the estimated damages from pending litigation. U.S. District Judge James Beaty left open the possibility that Nifong could again become a defendant in the suit. Nifong won indictments against the three players after a stripper hired to perform at a March 2006 team party reported being raped, but the case unraveled in the face of the accuser's changing story and a lack of evidence. The state prosecutors who eventually took over the case dropped all charges and declared the players innocent victims of Nifong's ``tragic rush to accuse.'' He was later disbarred for his handling of the case and spent a night in jail for lying to a judge.
TOP 10 LOCAL BUSINESS STORIES: Look out below Housing bubble bursts ...
Meanwhile, MGM Mirage's $7.8 billion CityCenter development continued to take shape while the company welcomed a new investor. In August, MGM Mirage said Dubai World, the investment arm of the Persian Gulf state of Dubai, was buying half of CityCenter for $2.7 billion. Dubai World also invested in the Kerzner project. Also during the summer, New York-based Elad Group which is owned by an Israeli bought the 35 acres on which the New Frontier stood and planned to build a $5 billion replica of the New York's Plaza Hotel on the site. The New Frontier was closed in July and imploded during the fall, joining the Stardust in Nevada history books. In March, Boyd Gaming imploded the closed Stardust to make way for Echelon, the company's $4.8 billion hotel-casino development.
Hip-Hop Rumors: Mase Goes Back To Church! Hillary's Obama Revenge! Big ...
All content within this section is pure rumor and generally have no factual info outside of what the streets have whispered in our ear. Read on.
YESTERDAY'S RUMORS!
It looks like Raz B and his brother Ricky have pissed everybody off officially! Click here for why! I don't think I can help out now. Mike Vick's Doghouse! Kanye Beats Beyonce!
and also...
Hip-Hop Rumors: Jay-Z Off To Apple? New G-Unit MCs? Kanye Is BACK!
BIG L/ BIG PUN RUMORS!
You know I was a big fan of Big L and Big Pun – well I still am.
AP Executive Morning Briefing
LOS ANGELES (AP) _ The number of U.S. homes that slipped into some stage of foreclosure in 2007 was 79 percent higher than in the previous year, a real estate tracking company said Tuesday. Many homeowners started to fall behind on mortgage payments in the last three months, setting the stage for more foreclosures this year. About 1.3 million homes received foreclosure-related warnings last year, up from 717,522 in 2006, Irvine-based RealtyTrac Inc. said. Foreclosure filings rose 75 percent from the previous year to 2.2 million. ___ Fed Weighs Another Rate Reduction WASHINGTON (AP) _ Individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy. Fed Chairman Ben Bernanke and his colleagues are scheduled to open a two-day meeting Tuesday afternoon to plot their next move on interest rates.
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