Las Vegas wants 65 billion gallons of Utah water annually

The Salt Lake City Tribune says no, as does The Church of Jesus Christ of Latter-day Saints and the Sierra Club. Southern Nevada Water Authority chief Pat Mulroy is known for hardball tactics in her desperate attempts to grab / steal water from wherever possible for a city in the desert with little water [...]

Water War. Vegas vs Utah

Las Vegas wants to build a water pipeline from Utah and the Great Basin to quench the thirst of its citizens. Hearings are starting. I’m guessing this will be OTDB of Utahns.

One can’t help but wonder about the wisdom of building a city of 2 million people in a place that doesn’t have enough [...]

What happens in Vegas doesn’t stay in Vegas

Not surprisingly, Las Vegas is a “money laundering paradise.” There have been multiple high-profile drug busts with accompanying money laundering charges. The Las Vegas Review Journal profiles an IRS agent who helped the DEA make some of the busts.

Of course money laundering is something Las Vegas has much experience with (oh gosh, I [...]

70% of all stock market trades are held for 11 seconds

Long-term value investors have been known to hold for as long as 2 minutes rather than 11 seconds.

Any relation between this and the small investor instead running onto a casino floor in Vegas and throwing money in the air, are strictly spurious.

The Money and the Power. The Making of Las Vegas and Its Hold on America. Pt. 2

Crime, politics, business form a nexus in Las Vegas (and elsewhere.) That’s the central point of the book, which is exhaustively detailed and documented by veteran investigative reporters. In my earlier review, I detailed their startling revelations about the Kennedy clan, their ties to organized crime, and how that may have had a role [...]

Leaving Las Vegas. 40% of residents want to

The recession has cratered the economy in Las Vegas, their building boom is over, and many of those who moved there want to leave. It’s not just the economy. There are few amenities and little sense of community. But some can’t leave. A staggering 80% of mortgages in the Las Vegas Valley are underwater.

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The Money and the Power. The Making of Las Vegas and Its Hold on America

I’m reading The Money and the Power, a history of Vegas. The corruption and influence of organized crime is much worse than I thought. Business, crime, and government intermesh. And not just in Vegas either.

JFK as a senator in ’57 went to Cuba casinos and asked Meyer Lansky to get him women. As [...]

Lessons Las Vegas can learn from the Rust Belt

The Las Vegas Sun explores how their one-industry town can avoid the fate of Detroit and be like Pittsburgh, which reinvented itself after steel collapsed.

Their major conclusions, after asking economists and development experts mainly from the Rust Belt Get your head out of the sand. Pretending the problem isn’t there won’t help.

You’ve [...]

Las Vegas CitiCenter orders 26 CNG-powered stretch limos

Not only that, Las Vegas will host the National Clean Energy Summit 2.0 next week. Who knew? So, maybe this would be a good time for them to get rid of those air-conditioned outdoor sidewalks on the Strip when’s it’s 105?

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Las Vegas running out of water means dimming Los Angeles lights

Lake Mead

This is a telling example of how convoluted and complicated water policy and water supply is in the Southwest and West. If Lake Mead drops below 1,050, the water will no longer underground to Vegas, because the intake pipes will no longer be underwater. They are desperately building newer, deeper intakes. It [...]