a service of NPRI

October 24, 2006 
Vol. 2, No. 15

Also in this issue:

Time proves criticisms of McCarran PLA sound

Home-loan fraud jumps

Construction defects
major issue in 2007

Clark County population
to double in 20 years

Jerry Airola:
Problem solver?

Water utility draws flak
over Truckee River Fund

What it takes
to be great


What?! I'm on
the far right?!

It's for the union

Waiting game:
A plunge is inevitable

Is house flipping sleazy?


from NPRI:

When minimizing wages is union policy

Culinary co-parent UNITE has 50-year history of working to lower benefits





NV Supremes
What?! I'm on the far right?!

By Steve Sebelius
Las Vegas City Life

Imagine my surprise to learn I'm on the "far right."

Better still, imagine the surprise of those who actually are on the far right, and would no more have congress with the likes of me than they would buy a Streisand album.

How did I end up there? Simply put: I intend to vote to remove Justice Nancy Becker from the state Supreme Court. And intrepid Las Vegas Sun senior investigative reporter Jeff German sees a plot therein: The "libertarian right" and the "political fringe" conspiring to rid the court of a justice simply because we conspirators didn't like her decision in the infamous Guinn v. Legislature. Leading the charge is the "right-wing, libertarian Las Vegas Review-Journal," where, it must be noted, I used to work. (A-ha!)


The hidden civil war

It's for the union

Denying school choice serves the union, not the students

By Joe Enge
Liberty Watch

"It's for the children," the Nevada State Education Association (NSEA) says as they thrust in your face pictures of cute kids or their artwork.

"It's for the children," the NSEA says as they demand ever-increasing funding for their monopoly of government schools and avoid accountability. "It's for the children," the NSEA says as it resists any and all real education reforms in Nevada.

If you question increased funding for government schools, why they have a monopoly and ask for reforms and accountability, well, you must be against the children and probably kick your dog, too. You simply have to be a heartless nasty person.


Waiting game:
A plunge is inevitable

More signals -- and more observers -- emphasize the disconnect between economic reality and the current euphoria.

By Bill Fleckenstein
MSN Money

Let's begin with a multitrillion-dollar question: Will this rally of the past 2 1/2 months be defined, in retrospect, as the ending blowoff to the rally of the past few years (fueled by what the housing bubble did for the economy)? Or, will it -- for reasons unknown to me -- signal the start of some new leg higher? That silence you hear is the "answer" to this question.


Is house
flipping sleazy?

By Timothy Terrell
Ludwig von
Mises Institute

Entrepreneurs are in a danger zone when their activities are incomprehensible to the general public. Profits that appear without obvious explanation are suspect, and the entrepreneur is likely to find public hostility accompanying the suspicion.


WHY BusinessNevada

Public education
Helping high schools

Nevada business can have a big impact on day-by-day classroom dynamics

By Steven Miller

Nevada employers — like business people around the country — frequently express dismay over the poor quality of present-day high school graduates.

And while the Silver State business community energetically attempts to help out, engaging in all sorts of activities to support public education, most often, unfortunately, it’s to little apparent effect.

Nevertheless, there may be a remarkably simple and cost-effective way that Nevada employers can begin having a significantly positive impact on the day-by-day dynamics in the state’s high schools.


The public purse
Time proves criticisms
of McCarran PLA sound

Projects late and over budget


When Clark County Aviation Director Randy Walker wrote his letter to the editor in February 2003, he was clearly steaming.

“I wish I could say that I was shocked by the factual inaccuracies” in two Las Vegas Review-Journal articles, complained Walker. “Unfortunately, in my 23 years of experience, I have often seen the media ignore facts in a gleeful rush to criticize local government.”

What so upset the director of McCarran International Airport? A pair of R-J articles — one in the business section, followed by an editorial a couple of days later.


Real estate
Home-loan fraud jumps

Downturn reveals sharp rise in cases

By Brian Wargo
InBusiness Las Vegas

A slowdown in the Las Vegas Valley housing market is starting to uncover a growing number of mortgage fraud cases.

Investigators for the FBI, state Mortgage Lending Division and local law enforcement said complaints of mortgage fraud are picking up and will undoubtedly increase as the number of properties entering foreclosure continues to rise.


Legislature 2007
Construction defects major issue in 2007

Legislation needs to clarify
groupings in class action

Construction Zone

Mark Twain was right – and he may have been thinking of Nevada’s state legislature when he wrote: "No man's life, liberty, or property are safe while the legislature is in session."

For Nevada’s construction industry, the 2007 legislative session may prove that sarcastic observation to be the literal truth.


Clark County population
to double in 20 years

LV Business Press

Clark County The Nevada State Demographer's Office released its projections Monday for the period through 2026. Clark County can expect another 1.5 million people, according to the latest numbers. Overall, Nevada is projected to grow by more than 1.8 million or 74 percent during the same period.


Jerry Airola:
Problem solver?

Much of the public has lost
faith in Las Vegas Metro

By David Himmel
Liberty Watch

If you took a kindergarten class from any understaffed, overcrowded classroom of the Clark County School District and asked each kid what he or she wanted to be once grown up, you might get a few who shout, "Policeman!"

There has always been a fascination with being a police officer. The role is one linked to being a hero - nabbing bad guys, protecting the innocent.

But in reality, the job is mundane and hardly glamorous at all. There are mountains of paperwork, routine traffic stops and endless hours working public events.


Water utility draws flak over Truckee River fund

Agency, without authority, charges users to fund environmentalists

By Jeff DeLong
Reno Gazette-Journal

A charge included on water bills to raise money for Truckee River projects is the focus of increasing criticism in a dispute that appears to be headed for the Legislature.

The fund, established by the Truckee Meadows Water Authority in 2004, is a "de facto tax" that improperly draws money from ratepayers without their permission, said Assemblywoman Heidi Gansert, R-Reno.


What it takes to be great

Research now shows that the lack of natural talent is irrelevant to great success. The secret? Painful and demanding practice and hard work

By Geoffrey Colvin
Fortune Magazine

What makes Tiger Woods great? What made Berkshire Hathaway (Charts) Chairman Warren Buffett the world's premier investor? We think we know: Each was a natural who came into the world with a gift for doing exactly what he ended up doing. As Buffett told Fortune not long ago, he was "wired at birth to allocate capital." It's a one-in-a-million thing. You've got it - or you don't

Well, folks, it's not so simple. For one thing, you do not possess a natural gift for a certain job, because targeted natural gifts don't exist. (Sorry, Warren.) You are not a born CEO or investor or chess grandmaster. You will achieve greatness only through an enormous amount of hard work over many years. And not just any hard work, but work of a particular type that's demanding and painful.


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