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May 24, 2013

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Business and Economy

Las Vegas Mayor Oscar Goodman is shown in his office at City Hall on Thursday, Feb. 3, 2011.
Oscar Goodman, Part 3: Twelve years of wins and losses at City Hall
May 15, 2013
As former Mayor Oscar Goodman prepares for next Tuesday’s launch of his autobiography “Being Oscar,” we wrap our three-part interview series today. In Part 1, Oscar provided an intimate look at his 51-year romance and marriage to wife Carolyn, who now serves as mayor of Las Vegas. In Part 2, he reflected on his days as a Mob lawyer.

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CCSD budget, unburdened by cutbacks, wins easy approval
May 15, 2013
The Clark County School Board unanimously approved a $2.1 billion final budget for next school year, which includes funding for nearly 50 new special education teaching assistants and summer remediation programs for middle and high school students.

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Roofers work on new homes at a residential construction site in the west side of the Las Vegas Valley in Las Vegas, April 5, 2013.
Only in Las Vegas, where home construction and foreclosures surge simultaneously
May 15, 2013
Homebuilders in the country’s largest cities are getting ready for a boost of work, but only in Las Vegas are they ratcheting up plans as foreclosure activity rises, a new study shows.
In this April 24, 2004, file photo, former Nevada Attorney General Frankie Sue Del Papa speaks in support of a "legislative scorecard" presented by the Nevada Conservation League at a news conference in Reno.
Former AG launches coalition to thwart NV Energy's 10-year plan
May 15, 2013
Former Nevada Attorney General Frankie Sue Del Papa is leading a coalition to defeat a major piece of energy legislation pushed by NV Energy that would create a plan to divest from coal and launch a massive project to build renewable energy plants instead.

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City rolls back fine on Silver Dollar Avenue condos, issues stern warning
May 15, 2013
A Las Vegas property owner will get a steep discount on the nearly $600,000 in outstanding fines tied to 19 condominium units near Valley View Boulevard and Sahara Avenue so long as he makes regular monthly payments to reimburse the city for its cost of cleaning up the property several years ago.
A view of one of the two Dennis Oppenheim paintbrushes on Charleston Boulevard in the Arts District Sunday, June 5, 2011.
Automatic public art funding prevails in Las Vegas vote
May 15, 2013
Las Vegas will keep its funding for public art projects at current levels after the city council rejected a bill Wednesday that could have scaled back contributions to the program.

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Legislative panel seeks to redirect funding to Southern Nevada colleges
May 15, 2013
Legislators today recommended shifting money from northern colleges to southern colleges almost immediately, rejecting Gov. Brian Sandoval’s proposal to phase in the cuts to rural college budgets.

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Why will consumers outside insurance exchange pay fees?
May 15, 2013
Due to confusion about fees charged in the federal Affordable Care Act, the Silver State Insurance Exchange has issued a clarifying statement on the issue.
The Las Vegas Strip.
Party promoters in Las Vegas nightclub war amid allegations of prostitution
May 15, 2013
Nightclub operators and Metro vice cops are keeping an eagle eye on warring party promoters who have been linked to accusations of pimping out ...

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Commission's vote to oppose NV Energy bill 'ticks off' legislator
May 15, 2013
The state Public Utilities Commission today said NV Energy’s bill in the Nevada Legislature to close the Reid-Gardner coal-powered plant was fatally flawed and would not protect Las Vegas customers from higher rates.

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President Barack Obama gestures as he speaks to reporters in the White House briefing room in Washington, Friday, March 1, 2013, following his meeting with congressional leaders regarding the automatic spending cuts.
IRS commissioner ousted over targeting of tea party groups
May 15, 2013
Hurrying to check a growing controversy, President Barack Obama ousted the acting commissioner of the Internal Revenue Service late Wednesday amid an outcry over revelations that the agency had improperly targeted tea party groups for scrutiny when they filed for tax-exempt status.

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Tony Hsieh, CEO of Zappos.com, talks about ideas for downtown redevelopment at a Zappos condo in the Ogden in downtown Las Vegas Thursday, June 7, 2012.
Joe Downtown: Tony Hsieh to get new landlord?
May 15, 2013
Residents of The Ogden high-rise in Downtown Las Vegas are buzzing about what they say is the impending sale of the building to a foreign company. The Ogden is an activity hub for the nouveau downtown tech crowd and home to Zappos CEO Tony Hsieh.

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Tom Ridge, former Secretary of Homeland Security, speaks during "Securing America's Future," a conference sponsored by the Latin Chamber of Commerce and the U.S. Global Leadership Coalition, at the Four Seasons Wednesday, May 15, 2013.
Increase U.S. foreign aid spending? Darn right, panelists tell Las Vegas audience
May 15, 2013
Former Homeland Security Secretary Tom Ridge was the keynote speaker at a breakfast event Wednesday at the Four Seasons Las Vegas organized by the U.S. Global Leadership Coalition.

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A view of the newly renovated main entryway at the Stratosphere Hotel & Casino, Thursday April 5, 2012.
Stratosphere parent company loses $3 million in 1st quarter
May 15, 2013
Declines in occupancy and room rates broadened losses in the first quarter for American Casino & Entertainment Properties, operator of the Stratosphere, the Arizona Charlie’s locals casinos and the Aquarius in Laughlin.
Las Vegas resident Eric Petersen sold this home on Tomiyasu Lane to Treasure Island owner Phil Ruffin for $15 million. The estate boasts more than 71,000 square feet in building space with 18 bedrooms, nine bathrooms, an 11-car garage and 10-stable horse stall.
More and more million-dollar homes being snapped up in Las Vegas
May 15, 2013
After some chilly years, Las Vegas’ luxury housing market is heating up. There were 85 sales of million-dollar homes in the three months ending March 31, up from 39 deals in the same period last year.

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