Top News
Dominating headlines: more bad news from the front lines of the mortgage crisis.
Wednesday saw the release of a report showing nearly 60 percent of Las Vegas homeowners are "upside down" on their mortgages.
The report from First American CoreLogic also showed Nevada has the nation's highest percentage of "underwater" mortgage holders, with 28 percent owing more than 125 percent of their home's value.
Neither group is expected to qualify for aid under President Barack Obama's housing recovery plan.
The news was no better on Thursday, when the Mortgage Bankers Association announced that 18 percent of residential mortgage loans in Nevada were either delinquent or in foreclosure in the fourth quarter of last year.
Only Florida's 20 percent is a higher rate of mortgages delinquent or in foreclosure.
MONDAY
NOT BANKRUPT YET
Station Casinos staved off bankruptcy for at least another five weeks with an 11th hour agreement with debt holders.
Officials for the struggling gaming company said the deal will give them more time to continue talks about reorganization.
A day later, Station Casinos rejected an unsolicited, $950 million offer from Boyd Gaming Corp. to buy a majority of Station's operations.
TUESDAY
GUILTY ON ALL COUNTS
Four days after they watched a videotape of the monstrous crime, jurors convicted Chester Stiles on all 22 counts stemming from the sexual assault of two girls, ages 2 and 6.
Stiles faces up to 21 life terms in prison at a May 8 sentencing.
WEDNESDAY
FUNDS PAVE THE WAY
When federal stimulus money hits the road in Nevada, most of it will land in Clark County.
Officials from the Nevada Department of Transportation announced that Clark County projects will get $109 million of the $201 million in stimulus funds the state received for transportation work.
About $27.6 million will be spent in Washoe County. The remaining $72.8 million will be spent in rural counties.
THURSDAY
PREDATORS TO STAY PUT
President Barack Obama's plans to withdraw U.S. ground forces in Iraq by August 2010 could increase demand for the unmanned Predator spy planes piloted remotely from Creech Air Force Base, military officials said.
As U.S. troops pull back, the need is likely to grow for intelligence provided by MQ-1 Predators and the occasional strikes by unmanned MQ-9 Reapers. That would mean more work at Creech, 45 miles northwest of Las Vegas.
FRIDAY
SOVEREIGN MOVEMENT
Four men arrested in a raid orchestrated by the Joint Terrorism Task Force pleaded not guilty to an assortment of weapons, conspiracy and money laundering charges.
Prosecutors said all four defendants belong to the sovereign movement, which does not recognize the federal government's authority.
U.S. Magistrate Judge Lawrence Leavitt ordered the men released pending trial.
Week In Review
More Information
City Hall Slideshow
BY THE NUMBERS
54th
Where Nevada ranks in child support collections, worse than 49 states, the District of Columbia, Guam, Puerto Rico and the Virgin Islands.
1st
Where the Las Vegas Zoo ranks for its collection of swamp wallabies. The zoo has 11 of the marsupials, more than any other U.S. zoo.
$10 billion
The amount spent in 26 years on the Yucca Mountain Project, which Energy Secretary Steven Chu now says is no longer an option for storing radioactive waste.
60,000
Fewer jobs in Nevada in January compared to the previous year. The unemployment rate has jumped to 9.6 percent statewide and 10 percent in Las Vegas.
1
Approximate length in inches of the vivid dancer damselfly, a blue and silver bug that is on track to become Nevada’s official state insect.
QUOTES
“I have two words for you: Video tape.”
Jim Sweetin
County prosecutor on the evidence against child molester Chester Stiles, who was convicted Tuesday on all counts.
“If you’re not Brad Pitt, people are going to forget who you are.”
Jeffrey Skiles
Co-Pilot of the US Airways Flight that splash landed in the Hudson River, On his Wisconsin hometown’s reaction to his newfound celebrity. Skiles was in Las Vegas Wednesday to accept an award from the National Air Traffic Controllers Association.
“Champ gets right in the sleeping bag with me when it gets cold in the dark. I wish he didn’t snore so much, but we stay warm.”
Carl Coe
A homeless veteran who chose to stay on the street rather than move into a Salvation Army housing unit that does not allow dogs as big as champ.
MULTIMEDIA
PREDATOR
BIG LEAGUE WEEKEND
Tony n’ Tina’s Wedding
MOVIE MINUTE
DEPORTED DAD
UNLV Basketball vs Air Force
