IN BRIEF

WASHINGTON

Database to let drivers look into car crashes

The government has unveiled a new public database that will allow consumers to look up the number of alleged deaths, injuries and cases of property damage involving passenger vehicles.

Consumer groups have sought the information, which was part of legislation enacted by Congress following the massive recall of Firestone tires in 2000. It required manufacturers to provide data on complaints of deaths, injuries, property damage and warranty claims.

The early warning reports can be found at: http://www.safercar.gov

Utilities commission plans consumer session

The Public Utilities Commission will hold a consumer session at 6 p.m. today at the Sahara West Library at 9600 W. Sahara Ave. to hear comments on Southwest Gas Corp.’s proposed rate decrease.

The gas distribution company is asking the commission to lower the monthly winter bill of the typical Southern Nevada residential customer by 1.96 percent starting Nov. 1.

A residential customer using 6,500 cubic feet of gas would pay $76.63 a month, down from $78.16 before the rate change. The rate change reflects changes in the cost of natural gas over recent periods.

Las Vegas rated low for expansion by think tank

A think tank that ranks cities based on economic performance gave Las Vegas low marks for expansion in the most recent year.

The latest edition of the Milken Institute’s Best-Performing Cities list shows a significant drop in the vitality of the local economy. Las Vegas dropped from No. 9 on the 2007 list to No. 75 on the newest version, released Wednesday.

The California institute put Las Vegas on its list of “biggest losers” — the markets that suffered the biggest declines in performance.

Reno-Sparks also made the list of biggest losers, falling from No. 26 in 2007 to No. 133 in the 2008 edition.

The Milken Institute evaluates job formation, wage growth and high-tech growth, among other indicators, to develop its list.

WASHINGTON

Defense Department to delay tanker decision

The Defense Department will push back its decision on a $35 billion tanker contract to the next administration, delaying again the hotly disputed competition between Boeing and Northrop Grumman to replace the Air Force’s aging aerial refueling fleet.

Defense Secretary Robert Gates told lawmakers Wednesday that he decided to cancel the current round of bidding on the plane — a competition that has stretched seven years — because the Pentagon’s plan to award the contract by the end of the year no longer seemed possible given the complexity of the project and the rancor between the two companies.

DETROIT

No sign of rebound for hard-money lender

Vestin Group, a Nevada hard-money lender that makes public reports on its loan portfolio, has seen no indication of a rebound from hard times, new reports suggest.

Vestin Realty Mortgage II, one of two real estate investment trusts Vestin Group manages, late Tuesday said problem loans continue to increase.

The company counts 39 loans outstanding for a total of $264 million as of Aug. 31. Of those, 20 with a principal amount totaling $166 million were delinquent.

The company has started foreclosing on 15 loans totaling $118.5 million. Vestin intends to start foreclosing on the other five loans with a total principal amount of $47.6 million.

Vestin II owns 12 real estate properties that are for sale; they have a book value of $60.2 million.

Vestin Realty Mortgage I, the smaller of the two REITs, classifies 16 of its 28 outstanding loans as nonperforming. Nonperforming loans have a total principal value of $32.3 million out of the total $41.5 million for all outstanding loans.

NEW YORK

Treasury prices decline as stocks head higher

Government bonds slid Wednesday, as a gain in the stock market led investors to give back some of Tuesday’s run-up in Treasurys.

In late trading Wednesday, the benchmark 10-year Treasury note fell 0.47 points to 103.06. Its yield rose to 3.63 percent from 3.59 percent late Tuesday.

The 30-year long bond fell 0.88 points to 104.63, while its yield rose to 4.23 percent from 4.19 percent on Tuesday.

ad-high_impact_4
Business
Lehman Brothers bet big on Las Vegas
Lehman Brothers collapsed 10 years ago, helping send the country into the Great Recession.
Fremont9 opens downtown
Fremont9 apartment complex has opened in downtown Las Vegas. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
Ross & Snow launches in Las Vegas
Luxury shoe brand Ross & Snow has opened in Las Vegas, featuring "functional luxury" with premium shearling footwear. (Bailey Schulz/Las Vegas Review-Journal)
Remote Identification and Drones
DJI vice president of policy and public affairs discusses using remote identification on drones. (Bailey Schulz/Las Vegas Review-Journal)
Drones and public safety in Nevada
Two representatives in the drone industry discuss UAV's impact on public safety. (Bailey Schulz/Las Vegas Review-Journal)
Frontier Airlines to launch flights from Las Vegas to Mexico
Frontier, a Denver-based ultra-low-cost carrier, will become the first airline in more than a decade to offer international service to Canada and Mexico from Las Vegas when flights to Cancun and Los Cabos begin Dec. 15. (Rick Velotta/Las Vegas Review-Journal)
MGM Resorts International CEO Jim Murren addresses Oct. 1 lawsuits
MGM Resorts International Chairman and CEO Jim Murren addresses criticism his company has received for filing a lawsuit against the survivors of the Oct. 1 shooting. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International opens the doors on MGM Springfield
Massachusetts’ first hotel-casino opens in downtown Springfield. The $960 million MGM Springfield has 252 rooms and 125,000-square-feet of casino. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International prepares to open MGM Springfield
Las Vegas-based MGM Resorts International gave news media and invited guests a preview of the $960 million MGM Springfield casino in Massachusetts. The commonwealth's first resort casino will open Friday, Aug. 24. (K.M. Cannon/Las Vegas Review-Journal)
A Walk Through Circus Circus
It only takes a short walk through Circus Circus to realize it attracts a demographic like no other casino on the Strip: families with young children. (Todd Prince/Las Vegas Review-Journal)
Morphy Auctions, a vintage slot machines seller, wants gaming license
Vice president Don Grimmer talks about Morphy Auctions at the company's warehouse located at 4520 Arville Street in Las Vegas on Thursday, Aug. 16, 2018. (Rick Velotta/Las Vegas Review-Journal)
Nevada's venture capital money doesn't stay in state
Zach Miles, associate vice president for economic development for UNLV, said there’s venture money in Southern Nevada, “but trying to find the right groups to tap into for that money is different.” According to a 2017 report from the Kauffman Foundation, Las Vegas ranked number 34 out of 40 metropolitan areas for growth entrepreneurship, a metric of how much startups grow. With a lack of growing startups in Las Vegas, investment money is being sent outside of state borders. The southwest region of the U.S. received $386 million in funding in the second quarter, with about $25.2 million in Nevada. The San Francisco area alone received about $5.6 billion. (source: CB Insights)
Neon wraps can light up the night for advertising
Vinyl wrap company 5150 Wraps talks about neon wraps, a new technology that the company believes can boost advertising at night. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Nevada on the forefront of drone safety
Dr. Chris Walach, senior director of Nevada Institute for Autonomous Systems, talks to a reporter at NIAS's new Nevada Drone Center for Excellence of Public Safety, located inside the Switch Innevation Center in Las Vegas. K.M. Cannon Las Vegas Review-Journal @KMCannonPhoto
Motel 8 on south Strip will become site of hotel-casino
Israeli hoteliers Asher Gabay and Benny Zerah bought Motel 8 on the south Strip for $7.4 million, records show. They plan to bulldoze the property and build a hotel-casino. Motel 8 was built in the 1960s and used to be one of several roadside inns on what's now the south Strip. But it looks out of place today, dwarfed by the towering Mandalay Bay right across the street.
Project billed as one of the world's largest marijuana dispensaries plans to open Nov. 1
Planet 13 co-CEO Larry Scheffler talks about what to expect from the new marijuana dispensary, Thursday, July 19, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Oasis Biotech opens in Las Vegas
Brock Leach, chief operating officer of Oasis Biotech, discusses the new plant factory at its grand opening on July 18. (Bailey Schulz/Las Vegas Review-Journal)
UNLV Tech Park innovation building breaks ground
Construction on the first innovation building at the UNLV Tech Park is underway. (Bailey Schulz/Las Vegas Review-Journal)
Caesars Forum Meeting Center
Caesars broke ground Monday on its $375 million Caesars Forum Meeting Center (convention center) just east of the High Roller observation wheel. (Caesars Entertainment)
Technology reshapes the pawn shop industry
Devin Battersby attaches a black-colored device to the back of her iPhone and snaps several of the inside and outside of a Louis Vuitton wallet. The device, installed with artificial intelligence capabilities, analyzes the images using a patented microscopic technology. Within a few minutes, Battersby receives an answer on her app. The designer item is authentic.
Recreational marijuana has been legal in Nevada for one year
Exhale Nevada CEO Pete Findley talks about the one year anniversary of the legalization of recreational marijuana in Nevada. (K.M. Cannon/Las Vegas Review-Journal)
Young adults aren't saving for retirement
Financial advisors talk about saving trends among young adults. (Bailey Schulz/Las Vegas Review-Journal)
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like