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Las Vegas Business Press
Saturday, July 31, 2010
Archive for March, 2006


Friday, March 24, 2006
To bank or not to bank
By Ian Mylchreest
Wal-Mart’s application for a bank license so it can process its own credit cards has created an unprecedented national furore for the FDIC, reports the New York Times. So much furore, in fact, that the agency is holding the first public hearing it has ever held. The issue is the applicant, according to the paper. No [...]
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Thursday, March 23, 2006
Ensign announces: Oooh rah!
By Steve Sebelius
U.S. Sen. John Ensign launched his re-election bid Wednesday at a social club for U.S. Marines. Ensign is not a Marine himself, but the Marines are a very welcoming sort, even to non-Devil Dogs. Plus, we suspect he may have brought them some booze. Anyway, Ensign’s curious strategy was to marry himself to President George [...]
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Thursday, March 23, 2006
The money or the job
By Ian Mylchreest
GM is offering a big payout to end union contracts with its workers, reports the Los Angeles Times. All 125,000 workers at the automaker and its former parts maker Delphi, will be offerred packages worth as much as $140,000 to leave the company. It could all add up to $5 billion but the company sees shrinking [...]
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Wednesday, March 22, 2006
Mortgage demand falters
By Ian Mylchreest
In another sign that the national housing boom is over, the Mortgage Bankers Association said applications for new loans fell last week to the lowest point all year. This happened despite a drop in interest rates, reports Reuters. Historically low mortgage rates have fueled a five-year housing boom and most analysts see last week’s drop in [...]
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Tuesday, March 21, 2006
Kids on drugs; what a waste
By Len Butcher
Did you know that a single tablet of Vicodin is selling for $4 or $5 in junior high and high school? Apparently, the number of kids taking prescription drugs and some over-the-counter medicine is skyrocketing. The reason is that a lot of our young people (very young, by the way) feel that prescription drugs are [...]
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Tuesday, March 21, 2006
Fed chief says rates are safe
By Ian Mylchreest
Recently enthroned Fed Chairman Ben Bernanke told the Economic Club of New York that low long-term interest rates do not mean we’re headed for a recession, reports USA Today. Rising short-term rates accompanied by stagnant long-term rates have often gone before other recessions. Bernanke said that the Fed would keep an eye on long-term bonds as [...]
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Tuesday, March 21, 2006
Third time lucky?
By Ian Mylchreest
Former Credit Suisse First Boston banker Frank Quattrone has been granted a new trial on charges that he obstructed an SEC inquiry during the dot.com boom, reports the New York Times. While generally giving the trial judge high marks, the United States 2nd Circuit Court of Appeals ruled that his jury instructions did not make [...]
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Monday, March 20, 2006
Greenspun vs. Us: The Reckoning!
By Steve Sebelius
Well, screw you, Brian Greenspun! That’s what we at Various Things & Stuff were tempted to say after a friend e-mailed us to report that Las Vegas Sun Editor Brian Greenspun had called us out by name in his Sunday column in the “Sunsert” section of the Review-Journal. Once again, Greenspun has taken to the [...]
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Monday, March 20, 2006
Monday Quick Hits!
By Steve Sebelius
• On the very day that a coroner’s inquest jury found that police were justified in killing rapper Amir Crump, 21, in the Feb. 1 shootout that cost a Las Vegas police sergeant his life, the Board of Regents made the rare wise decision to reject member Stavros Anthony’s bid to ban gangster rap from [...]
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Monday, March 20, 2006
Four-wallers speak out
By Ian Mylchreest
The hub of four-walling, where performers rent the theater and bear the risk of the show, is Las Vegas, reports the Los Angeles Times. Comedian George Wallace and Magician Rick Thomas tell the paper that it’s a tough life but that they like the control the arrangement gives them. On the other hand, Robert Goulet remains [...]
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