A Luxury Town in Search of Disposable Income–and Certainty

The success of Las Vegas correlates with the economic health of the country overall. Our primary industry is about luxury; it depends on people having disposable income that they can spend on things like entertainment and nice dinners when they come here. In that respect, Las Vegas is not unlike cities that produce movies or sports cars. We’re the product of people living in an affluent society. …

If I’m putting my financial model together, I start with a business strategy, which always has a timeline. You start with an idea, do your market research, validate your idea, lay out a strategy, map implementation, set a budget, figure out what you can sell it for and what it will cost. But where we are now, we simply don’t know how to set long-term goals, and we don’t have a timeline for the key variable: When will my customers have money in their pockets again? …

That’s what we’re fighting right now in private business. Give us certainty, and we’ll be able to plan our businesses. And if the long-term model is to put businesses together for a lower-income market, I’ll pick a different strategy.

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The Coming Tsunami in Education


The Coming Tsunami in Education

By Henry Chanin

As the Valley recovers and growth resumes, we can’t go back to old models of education. The current systems we use to fund and operate both public and private educational institutions are not sustainable in the long run. Troubling low test scores and graduation rates in our public schools discourage increased funding, and private school tuition and fees keep increasing year after year, with no end in sight, limiting access to top-flight education.