Our network

Nevada College Aid Fund Nearly Broke

LAS VEGAS (AP) -- A fund intended to pay for the college education of Nevada children whose parents died while serving as police officers or firefighters is nearly broke. The Trust Fund for the Education of Dependent Children has less than $4,000 in it. State officials say it will probably drop to $3,000 by the end of the semester.

The fund has paid for the college education of 18 students since its inception in 1995. Six students are currently using it at universities and community colleges across the state. Education leaders say they plan to vote next month on whether to ask a legislative committee for an influx of cash to keep the fund going until the full Legislature can replenish it next year.

 

 

 

 

 

(Copyright 2010 by The Associated Press. All Rights Reserved.)

CCSD School Board Rejects Converting all Year-Round Schools

LAS VEGAS -- The Clark County School Board has rejected a money saving proposal to switch all of its year-round elementary schools to a nine-month calendar. Instead, they will only convert 21 of the 76 year-round schools to the nine-month schedule. 

Even though converting all of the schools would have saved millions and it was a well-supported idea among respondent who took a district survey, many school employees objected.  

The district's Chief Financial Officer Jeff Weiler said converting all of the year-round schools would save the district $18 million and mean fewer layoffs as the district attempts to meet a $125 million budget shortfall.

The board ended up agreeing with unions representing bus drivers and food service workers.

School Board Votes To Reject Money Saving Proposal

The Clark County School board votes to reject money saving proposal to accelerate plan to turn year round schools to 9 month schools. They will stick to only converting 21 of 76 schools to 9 month campuses.

CCSD CFO Jeff Wyler says accelerating that plan would save $8 million.

But teacher and support staff unions objected, saying it would leave their members effectively unpaid for 3 months out of the year.

Nevada's Unemployment Rate Rises to 13.2 Percent

CARSON CITY, Nev. --  Nevada's statewide unemployment rate rose to 13.2 percent in February, while the jobless rate in the Las Vegas area climbed another notch toward 14 percent.

The state Department of Employment, Training and Rehabilitation said Friday the unemployment rate in Clark County increased from 13.8 to 13.9 percent.

There was no change in the 13.4 percent jobless rate in the Reno-Sparks area. In Carson City, the rate fell slightly from 13.8 percent to 13.7 percent.

The report says 189,000 workers were out of work in Nevada. But a top state economist says employers added 10,400 jobs in February, representing the first increase since October. Nevada's statewide unemployment rate in January was 13 percent, the second highest in the nation.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

 

Station Casinos to Reorganize Under Chapter 11

Station Casinos and its subsidiaries have announced that they have filed a Joint Plan of Reorganization under Chapter 11 of the Bankruptcy Code.

As part of the plan, the mortgage lenders that are holding debt secured by Red Rock Casino Resort Spa, Palace Station, Boulder Station, and Sunset Station will become the equity owners of a newly-formed company and will sell 46% of the equity to Frank Fertitta III and Lorenzo Fertitta, who will make a significant new investment to purchase their equity in the new company. 

The remaining equity will be owned primarily by the Propco Lenders and Colony Capital, who will also be making a new investment in the company.  Fertitta Gaming, will also manage the Propco Properties under a long-term management agreement. 

Tiny Town of Searchlight Prepares for Tea Partiers

SEARCHLIGHT, Nev. -- Over 10,000 people from around the country are expected to descend on the tiny town of Searchlight, Nevada this weekend. They're coming for the kickoff of the Tea Party Express Tour and they're doing it in Harry Reid's hometown.

Searchlight is about 60 miles south of Las Vegas and for one day, the town of 600 could grow to be the ninth most populated city in Nevada.

Some residents say its disrespectful to target the hometown of the senator. They say has given back so much to Searchlight. Others say it's time for Senator Reid to go and there's no better place to campaign than his home town.

Searchlight native and Tea Party organizer Diane Kendall just can't stop the phone calls from coming.

"I think it's time for American people to start paying attention to what our government is doing and I'm really excited about what everyone has to say," she said.

Lots Of Flavor and Big Portions at the Fat Greek

The Fat Greek is located on Decatur near Flamingo. This family run business knows how to do traditional Greek food, but brings in some nice fresh twists too. You will not leave hungry! Two people can eat there for less than $50 dollars and you'll have a doggie bag too. Leave room for dessert. Good sweets here.